Dollarama : Investor Presentation – Q1-FY2023

A leading Canadian value retailer

Investor Presentation - Q1-FY2023

June 8, 2022

Forward-looking statements

This presentation and the accompanying oral presentation contain forward-looking statements about results, levels of activity, performance, goals or achievements of Dollarama and Dollarcity or other future events or developments that may affect Dollarama and Dollarcity which are based on information currently available to management and estimates and assumptions that management believes are appropriate and reasonable in the circumstances. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. However, there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause actual results, levels of activity, performance, goals or achievements or other future events or developments to differ materially from those expressed or implied by the forward-looking statements contained herein including, without limitation, the risk factors described in Dollarama's Annual Management's Discussion and Analysis (MD&A) dated March 30, 2022 filed with Canadian securities regulators and available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's expectations as at June 8, 2022, and, accordingly, are subject to change after such date. Except as may be required by law, management has no intention and undertakes no obligation to update or revise any forward-looking statements.

No financial information presented in this presentation as of a date more recent than January 30, 2022 has been audited. Where the information is from third-party sources, the information is from sources believed to be reliable, at the latest as at June 8, 2022, but Dollarama has not independently verified any such information contained herein.

This presentation and the accompanying oral presentation refer to certain non-GAAP and other financial measures. These measures do not have a standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other issuers. Consequently, they should not be considered in isolation or as a substitute for financial performance measures calculated in accordance with GAAP. Refer to the section entitled "Non-GAAP and Other Financial Measures" of Dollarama's MD&A dated June 8, 2022 for a reconciliation of those measures to the most directly comparable GAAP measures.

This presentation does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell any securities of Dollarama Inc. and does not constitute or form part of, and under no circumstances is to be construed as, an offering document, such as an offering memorandum, or an advertisement for an offer to buy or sell any securities of Dollarama Inc.

2 - Dollarama Investor Presentation Q1-FY2023

All amounts are expressed in Canadian dollars, unless otherwise indicated

Serving Canadians with purpose

Our vision

To be the leading value retailer in every market in which we operate, providing customers with unsurpassed value for their hard-earned money in a time-pressed world

Our purpose

To provide Canadians from all walks of life with the best quality and value on every dollar they spend and with proximity and convenient access to affordable, everyday items that address their needs and exceed their expectations

Our values

Entrepreneurial

People-focused

Value-oriented

Passionate

Agile and solution-driven

Innovative

3 - Dollarama Investor Presentation Q1-FY2023

A leading Canadian value retailer (TSX: DOL)

$4.3B	43.9%
FY22	FY22 gross margin
revenues	as a % of sales
7.6%	15.1%
FY22 sales	FY22 SG&A
growth	as a % of sales
1.7%	$0.9B
FY22 comparable	FY22 free cash flow
store sales growth	generation2
$1.3B	68.8%
FY22 EBITDA or	FY22 Dollarcity net earnings
29.6% of sales1	contribution y-o-y growth

Recognized brand serving Canadians from all walks of life

Differentiated concept offering compelling value at multiple, low fixed price points

Consistent shopping experience and broad assortment of everyday products

Capital-efficient,growth-oriented business model with a superior direct sourcing platform

Nimble operator delivering consistently robust financial and operational results

Strong track record of stakeholder value creation since 2009 IPO

	1 Inclusive of direct costs related to COVID-19 measures implemented during fiscal year ended January 30, 2022 (approx. $35.5M)
4 - Dollarama Investor Presentation Q1-FY2023	2	FY22 free cash flow generation = cash flow from operations - capital expenditures
	All figures for fiscal year ended January 30, 2022

A growing reach and international footprint

1,431

corporate-operated Dollarama stores across Canada

#1

and only national pure play dollar store chain in Canada

10 provinces	2,000
Unrivalled Canadian	Dollarama store
presence with locations in all	target by 2031
provinces and one territory
80%
of Canadian households
within 10 km of a
Dollarama

358

4 countries

600

Dollarcity stores in LATAM, based on localized Dollarama concept

Growing presence in	Dollarcity store
Colombia, El Salvador	target by 2029
and Guatemala, in Peru	(excl. Peru)
since May 2021

5 - Dollarama Investor Presentation Q1-FY2023	Dollarama geographic presence as at the first quarter ended May 1, 2022 (Q1-FY23)
Dollarcity store count and countries of operation as at Dollarcity's latest quarter ended March 31, 2022