Laurentian Bank

Conference
Eric Bussires
Chief Financial Officer
April 6, 2017
Preliminary Comments

Forward-looking information: The information provided in this presentation contains

some forward-looking information, which includes certain risks and uncertainties,
and may cause the final results to be significantly different from those listed or
implied within this presentation. For additional information with respect to risks and
uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian
securities commissions. The forward-looking information contained herein is made
as of the date of this presentation, and Uni-Select does not undertake to publicly
update such forward-looking information to reflect new information, subsequent or
otherwise, unless required by applicable securities laws.
Basis of presentation: Unless otherwise indicated in this document, all amounts are
expressed in millions of US dollars, except per share amounts, percentages and
otherwise specified.
2-for-1 stock split of common shares: Effected on May 11, 2016 for shareholders of
record as at May 6, 2016 to increase the number of shares outstanding and enhance
affordability to investors. To reflect the effect of the stock split, information
pertaining to the number of common shares has been retroactively restated.

p2
OUR EXECUTIVE TEAM
Henry Buckley Gary OConnor Steve Arndt
President and President and President and
Chief Executive Officer Chief Operating Officer Chief Operating Officer
Automotive Canada FinishMaster

Eric Bussires Annie Hotte Louis Juneau

Chief Financial Officer Chief People Officer Chief Legal Officer &
Corporate Secretary

p3
UNI-SELECT TODAY

Uni-Select
Corporate Office

FinishMaster US Canadian Auto Group

US National Coverage Canadian National Coverage

Automotive and industrial Automotive Aftermarket Parts

paint & related products
Automotive and industrial paint &
related products

3,000+
Share a common goal: to provide our customers with
Team
exceptional service & support
Members

p4
HIGHLIGHTS (in US dollars)
2016
$107.6M
$1.2B
Adj. EBITDA (1)
Revenues
or 9.0% of sales

1,100+
250+
Independent
Corporate
Customer
Stores
Stores

(1) Refer
14
to the Non-IFRS financial measures
at the end of this presentation. Distribution
Centres
p5
OUR BUSINESS - THE STRENGTH OF OUR NETWORK

A leader
in its
markets

Over Over
10 50+
Canadian Auto Group 16,000 1,100
Canadas leader in the distribution of Distribution Corporate Auto service shop Independent
automotive parts, tools and equipment to centres stores and collision repair wholesaler
the aftermarket, industrial products and centers served customers
paint & related products. We operate
across Canada.

FinishMaster US Over
Largest North American distributor of 4 200+
6,000
automotive and industrial refinish products
Distribution Corporate Collision repair
and equipment. We operate in 33 states, centres stores centres served
from coast to coast, across the United
States.

p6
OUR STRATEGY
ACCELERATE PROFITABLE GROWTH
Balanced Organic and Acquisitive Growth

INTEGRATE ACQUISITIONS
Capture synergies

BEST TEAM IN THE BUSINESS

Continue to attract, retain and develop the best team in the
business

FINISHMASTER US:
Organic Growth
Extend geographic coverage & build density in core markets
Continue to integrate the new team members and companies
CANADIAN AUTO GROUP:
Organic growth
Continue to support and grow our independent jobber
community
Acquire, integrate and grow our corporate store presence across
the country under the banners:

p7
 PRODUCTS AND BRANDS
FinishMaster US
North Americas leading independent automotive paint distributor
Products: Automotive and industrial paint & related products

BRAND

Canadian Auto Group

Canadas leading automotive aftermarket supplier
Products: Automotive aftermarket parts, Industrial products and Paint & related products

Corporate stores & Independent wholesalers Repair shops / Installer - Banners

(1)

Collision repair centre - Banners

(1) This brand name is operated in Canada by the ``Automotive Group`` segment

p8
BRANDS
 OUR DISTRIBUTION CENTER NETWORK

10
distribution
centres
United States
Mira Loma (CA) Canada
Grand Rapids (MI) Coquitlam (BC)
Adel (GA) Calgary (AB)
Moorestown (NJ) Edmonton (AB)
Saskatoon (SK)
Winnipeg (MB)
Brampton (ON)
4 Halton Hills (ON)
distribution Boucherville (QC)
centres Laval (QC)
Moncton (NB)

p9
WE ARE THE DISTRIBUTION LINK BETWEEN MANUFACTURERS
AND THE MARKETPLACE

National & Private Brand

Drop Ship Capability Installers
Manufacturers
Traditional collision
repair centres

Independent Multi-shop
wholesalers organizations
Our distribution
centres National and regional
Our corporate
accounts
stores

House accounts

Consumers

Canadian Auto
FinishMaster US
Group

p10
FINISHMASTER US
Automotive and industrial paint & related products
Collision repair centres turning to FinishMaster for their needs
FinishMaster US is dedicated to meeting your shops needs:

Inventory management program

Customized, efficient procedures
Multiple ordering options
Scaled reporting systems
Technical resources
Support for waterborne paint needs

6,000 Collision Repair Centre

1,850+ Team Members 200+ Corporate Stores
Customers

National coverage
p11
 CANADIAN AUTO GROUP
Automotive aftermarket parts, Industrial products and Paint &
related products
Newly re-branded and relaunched Auto Parts Plus Service / Repair / Installer Shop
Bumper to Bumper store brand Banners

Tailored solutions Comprehensive business solutions

Program and brand for all corporate stores for independent wholesalers Supporting the growth of auto
and available to independent customers Menu driven program providing maximum service centres
who want the full marketing approach. flexibility

1,100+ Independent 16,000 Installer +

1,150+ Team Members 50+ Corporate Stores
Jobber Customers Collision Repair Centres

Growing footprint to
National coverage
national coverage
p12
AUTOMOTIVE REFINISH LEADER IN CANADA
Uni-Select sells automotive and industrial paint and related products across Canada
through independent jobbers and corporate stores.

Part of the largest network Uni-Select owns a program for Recently launched
of collision repair centres collision repair facilities in Quebec FinishMaster Canada

69 locations 158 locations 7 branches

Growing National coverage

p13
PRODUCTS AND BRANDS

More than 2 million automotive

products available
Almost 30,000 automotive and
industrial paint & related
products

Exceptional product breadth

Top national brand
manufacturers
Select private brand offer
Optimizing the supply chain
to deliver high fill rates

p14
 PRODUCTS AND BRANDS

Complimentary private brands offering

Uni-Selects private-label product offering provides excellent quality at competitive price:

Canadian Auto Group FinishMaster US

High-quality Economical High-quality, Launched in 2014, High-quality

friction products, products with competitively Mtkig features abrasives, wipes,
coated brake discs, entry-level priced premium tools, marking products,
constant velocity features, for temperature equipment, and body fillers &
assembly, under-the-hood control safety products for putties, buffing,
waterpumps, and and under-the-car components for professional aerosol, painting
ignition products categories heating, service centres supplies, safety
ventilation and air products, tools &
conditioning equipment
systems

p15
DISTRIBUTION CAPABILITY
Dedicated to efficient customer service:
Uni-Selects culture prioritizes external
and internal customer service
Continuous improvement mindset
supported by formal programs

Powerful systems
Inventory visibility and
management
Order accuracy
Integrated processes

Customized delivery
Overnight delivery
DC pick-ups
Relays between DCs
Direct shipment from suppliers
in Canada

p16
RECENT ACQUISITIONS
Since January 2015, we have acquired 35 businesses in both Canada and the United States, which represents
118 new corporate stores. We are also pleased to welcome over 700 new team members within our Uni-Select
family.
FinishMaster US

Auto body Supply Co.

(Ohio)

Canadian Auto Group p17

M&A PROCESS STANDARD PLAYBOOK
Created and utilize a standard playbook for:
Business Development including:
M&A Filter & Target Criteria
Pipeline Development and Contact Management
Target Assessment & Valuation:
Business Owned Transactions
Central Valuation Modeling Aligned with Business Unit
Due Diligence:
Standard Documented Processes
Continuous Improvement Methodology
Experienced Teams
Legal:
Central Legal Support
LOI, APA, SPA

p18
M&A PROCESS STANDARD PLAYBOOK, Cont.
Created and utilize a standard playbook for:
Day 1/Week 1
Standard and optimized processes for day 1/week 1 communication
New team member focused
Synergy Capture
Standard processes for synergy tracking and capture

p19
Q4 2016 TOTAL SALES BY BUSINESS SEGMENT
Q4 2016 HIGHLIGHTS (YoY)

Total Sales up 12.3% to $291.0 million

350
323.8 318.5
291.0 Paint and Related Products (US)
300 segment sales reached $180.8 million
259.2 264.0 up 17.7% due to acquisitions as well as
250 net customer recruitment and existing
196.5 customer growth, exceeding the
202.2
200 180.8 impact of the product line changeover
153.6 173.4
Automotive Product (in Canada) rose
150
to $110.2 million increasing 4.3%
mainly from business acquisitions
100
Business Mix
127.3 116.3 Total Sales Q4 2016 vs (Q4 2015)
50 105.7 110.2
90.6

0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 38%
(41%)
Automotive Products (1) Paint and Related Products
62%
(59%)

(1) FinishMaster Canada results are reported under Automotive Products.

p20
Q4 2016 ADJUSTED EBITDA BY BUSINESS SEGMENT (1)

YTD & Q4 2016 HIGHLIGHTS (YoY)

35 29.7 30.8 Q4 adjusted EBITDA (1) was up 26.6%

due to higher contribution from the
7.6 Paint and Related Products segment
30
8.9 25.4 (2) (US)
21.7
25 20.0 (2) 5.5 Q4 adjusted EBITDA margin (1)
4.6 increased by 100 bps due to optimized
20 7.1 buying conditions
(1)
YTD adjusted EBITDA of $107.6
15 (1)
26.7 million; adjusted EBITDA margin at
24.3 9.0%
10 20.8 21.7
16.4
5 Adjusted EBITDA Margin (1)

0
-1.8 9.7%
-3.4 -3.5 -3.4
-3.7 9.2%
8.7%
-5 8.2%
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 7.7%

Paint and Related Products Automotive Products Corporate

(1) Refer to the Non-IFRS financial measures at the end of this presentation.
(2) Only Q4 2015 and Q4 2016 are adjusted. Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

p21
Q4 2016 ADJUSTED EARNINGS (1) & ADJUSTED EPS (1)
+18.3% (YoY) +19.2% (YoY)
Adjusted earnings (1) Adjusted earnings per Share (1)(3)

18 17.3 0.41
16.8 0.40
0.40
16

14 13.1 (2) 0.31 (2)

11.5 0.30
12 11.0 (2) 0.27
0.26 (2)

10
0.20
8

4 0.10

0 0.00
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

(1) Refer to the Non-IFRS financial measures at the end of this presentation.
(2) Only Q4 2015 and Q4 2016 are adjusted.
(3) Reflect the effect of a 2-for-1 stock split of common shares on May 11, 2016.

p22
YTD 2016 OPERATING RESULTS HIGHLIGHTS
% Revenue % Revenue

Q4 16 Q4 15 Q4 16 Q4 15 YR 16 YR 15 YR 16 YR 15
Sales 291.0 259.2 1,197.3 1,355.4
Sales from net assets sold - - - (299.3)
Gross margin 92.6 77.5 31.8% 29.9% 366.6 402.6 30.6% 29.7%
Employee benefits 45.0 42.3 15.5% 16.3% 175.6 213.7 14.7% 15.8%
Other operating expenses 23.8 11.9 8.2% 4.6% 84.9 92.0 7.1% 6.8%
EBITDA (1) 24.6 24.0 8.5% 9.3% 106.8 (53.3) 8.9% n.a.
(1)
Adjusted EBITDA 25.4 20.0 8.7% 7.7% 107.6 96.6 9.0% 7.1%

Sales Variance - Q4 16 +12.3% (YoY) Sales Variance - YR 16 (2) +13.4% (YoY)

1300
Organic FX # of billing Net assets Acquisitions Organic FX # of billing Net assets Acquisitions
growth days sold & others
growth days sold & others 1250
+15.3% 291.0 +15.0% 1,197.3
1200

1150
+15.3%
259.2 1100 (2)
1,056.2 +0.2% +0.1%
1050
-1.1% -0.1% -1.4%
-1.3% -0.5% -0.5%
1000
Q4 2015 Q4 2016 YR 2015 YR 2016
(1) Refer to the Non-IFRS financial measures at the end of this presentation.
(2) Excludes sales from net assets sold.

p23
 Q4 2016 SOURCES AND USES OF FUNDS (vs. Q4 2015)

89
Operating
activities
Financing
activities
Business Other
acquisitions investments
Q4 2016 HIGHLIGHTS (YoY)
79

69 Free cash flow increased by $1.5

million or 7.7% compared to last
59 -25.5 year
+54.9 (82.5)
49 Operating activities totaled $54.9
(-17.3)
-15.6 million, a $72.2 million
39 (-14.7) improvement compared to Q4
2015
29 +21.0 -12.0 +22.3
(-9.0) (+91.4) Financing activities mainly related
(+49.9)
to reimbursement of the credit
19
facility
9

-1
Cash Cash
Beginning of end of the
the period period

p24
LEVERAGE PROFILE as of December 31, 2016

3.5 3.25 3.24

STRONG FINANCIAL POSITION
3 2.81 2.74

2.5 2.34 Strong free cash flow following the

sale of US automotive parts
2 distribution business in 2015
1.5
1.04 Over $280 million available from the
1 credit facilities
0.5
0.00
0
2010 2011 2012 2013 2014 2015 2016
Funded debt to Adjusted EBITDA (1) ratio

(1) Refer to the Non-IFRS financial measures at the end of this presentation.

p25
Q4 2016 SUMMARY
(1)
Solid revenue and adjusted EBITDA growth driven by accretive business
acquisitions
(1)
Adjusted EBITDA margin reached 9.0%, a 100 basis point improvement from last
years comparable adjusted EBITDA
Cash flows of $54.9M generated by operating activities compared to 17.3M cash
used last year, a $72.2M improvement
(1)
Adjusted earnings rose to $13.1 million or $0.31 per share, up 19.2% from last
year
Quarterly dividend payment of C$0.085 per share

(1) Refer to the Non-IFRS financial measures at the end of this presentation.

p26
www.uniselect.com

p27
MARKET DATA
 U.S. COLLISION REPAIR MARKET (2014)

13,800,000
Insurance claim accidents

10,900,000 2,900,000
repairable total loss
$2,660 average/unit $8,760 average/unit
$32.3 billion
total repair revenue
$3.3 billion
paid by consumer
+ $29.0 billion $25.4 billion
paid by insurance paid by insurance

$54.4 billion
*$2.58 billion FinishMaster total insurance paid
PBE opportunity 29-30% market share
*PBE represents an estimated 8% of the total repair revenue
Source: The Romans Group LLC
 SALES OF NEW VEHICLES

In thousands

16.8 17.2
15.2 15.4 1.890 1.939 1.951
1.717 1.776
13.5 1.584 1.621
12.4 1.485
11.1

2009 2010 2011 2012 2013 2014 2015 2009 2010 2011 2012 2013 2014 2015 2016E

USA CANADA
Source: Ward's Automotive Group Source: AIA 2014 Outlook Study and DesRosiers Automotive Consultants, inc.
*Represents a total annualized units/persons index for US Auto Sales

New light vehicle registrations continue to grow at an interesting pace

p30
MILES TRAVELED AND AVERAGE GASOLINE PRICE PER
GALLON
2010-2016 Annualized DistanceTraveled (billions of miles)
2010-2017 Average Gasoline Price (US$ per gallon)
3 250 4.5

3 200
4
3 150

3 100 3.5

$ / Gallon
3 050
Billion Miles

|--Forecast--| 3
3 000

2 950 2.5

2 900
2
2 850

2 800 1.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2010 2011 2012 2013 2014 2015 2016 2017

Annual Vehicle-Distance Traveled Motor Gasoline Price

Sources:
http://www.eia.gov/forecasts/steo/realprices/
https://www.fhwa.dot.gov/policyinformation/travel_monitoring/tvt.cfm

p31
LENGTH OF VEHICLE OWNERSHIP UNITED STATES

p32
AVERAGE AGE AND TOTAL LIGHT VEHICULES IN NORAM
Average Age of Vehicles in Canada and U.S.
In years

Sources: * Forecast
2014 Outlook Study
www.polk.com (Average age calculated from IHS Automotive, driven by Polk's NVPP database as of January 2014
DesRosiers Automotive Consultants, inc.

Total Light Vehicles in Canada and U.S. In millions

Canada Sources:
Digital Auto Care FactBook 2016
US DesRosiers Automotive Consultants, inc.
p33
M&A DIVESTITURE 2015
M&A DIVESTITURE OF UNI-SELECT USA, INC. &
BECK/ARNLEY WORLDPARTS, INC.
On June 1st, 2015, we completed the sale of substantially all of the assets of Uni-Select USA, Inc. and
Beck/Arnley Worldparts, Inc. to affiliates of Icahn Enterprises L.P. originally announced on February 9, 2015
$340 million USD transaction completed successfully
TSA Transition Services Agreement 12 months
Very smooth transition with no material disputes
Transaction benefits for Uni-Select:
Allowing Uni-Select to be fully committed to accelerate profitable growth and invest in two high
potential markets FinishMaster and Canadian Automotive Group
Lighter cost structure to rapidly seize acquisitions/growth opportunities
Strengthening of balance sheet and complete reimbursement of debt

p35
NON-IFRS FINANCIAL
MEASURES
Definitions
The information included in this presentation contains certain measures that are inconsistent with IFRS. Non-IFRS
financial measures do not have any standardized meaning prescribed by IFRS and are, therefore, unlikely to be
comparable to similar measures presented by other entities.

EBITDA This measure represents net earnings excluding finance costs, depreciation and amortization, equity income
and income taxes. This measure is a financial indicator of a corporations ability to service and incur debt. It should not
be considered by an investor as an alternative to sales or net earnings, as an indicator of operating performance or
cash flows, or as a measure of liquidity, but as additional information.

Adjusted EBITDA, adjusted earnings and adjusted earnings per share Management uses adjusted EBITDA, adjusted
earnings and adjusted earnings per share to assess EBITDA, net earnings and net earnings per share from operating
activities, excluding certain adjustments, net of income taxes (for adjusted earnings and adjusted earnings per share),
which may affect the comparability of the Corporations financial results. Management considers that these measures
are more representative of the Corporations operational performance and more appropriate in providing additional
information. These adjustments include, among other things, restructuring and other charges, impairment and
transaction charges related to the sale of net assets and costs related to the closure and disposal of stores. The
exclusion of these items does not indicate that they are non-recurring.

EBITDA margin and adjusted EBITDA margin The EBITDA margin is a percentage corresponding to the ratio of the
EBITDA to sales. The adjusted EBITDA margin is a percentage corresponding to the ratio of adjusted EBITDA to sales.

Funded debt to adjusted EBITDA ratio This measure consists of long-term debt (including the portion due within a
year) net of cash to adjusted EBITDA.

p37
Reconciliation of EBITDA and adjusted EBITDA
Fourth quarter Twelve-month period
2016 2015 % 2016 2015 %
Net earnings (loss) 12,695 13,941 58,265 (40,221)
Income tax expense (recovery) 5,487 5,213 28,137 (32,814)
Equity loss - 629 - 533
Depreciation and amortization 5,224 3,334 15,962 13,174
Finance costs, net 1,164 853 4,484 6,006
EBITDA 24,570 23,970 106,848 (53,322)
Restructuring and other charges (746) 1,932 (746) 5,328
Impairment and transaction charges related to the
sale of net assets - (2,578) - 144,968
Additional liabilities related to the sale of net
(1)
assets 1,526 - 1,526 -
Net gains on the purchase of the remaining interests
(2)
in joint ventures - (3,301) - (3,301)
Expenses related to the network optimization and
(3)
to the closure and disposal of stores - - - 2,930
Adjusted EBITDA 25,350 20,023 26.6 107,628 96,603 11.4
Adjusted EBITDA margin 8.7% 7.7% 9.0% 7.1%
(1)
These liabilities are related to additional worker compensation insurance claims for former employees of Uni-Select USA, Inc. and Beck/Arnley
Worldparts, Inc. sold on June 1, 2015, for which the Corporation remains liable after the disposition.
(2)
Net gains were generated by revaluating the fair value of non-controlling equity interest in the acquirees that were held immediately before
obtaining control.
(3)
Consist primarily of handling and freight expenses required to relocate inventory.

p38
Reconciliation of adjusted earnings and adjusted
earnings per share
Fourth quarter Twelve-month period
2016 2015 % 2016 2015 %
Net earnings (loss) attributable to shareholders, as
reported 12,695 13,941 58,265 (40,221)
Restructuring and other charges, net of taxes (539) 1,406 (539) 4,026
Impairment and transaction charges related to the
sale of net assets, net of taxes - (2,058) - 93,529
Additional liabilities related to the sale of net assets,
net of taxes 912 - 912 -
Net gains on the purchase of the remaining interests
in joint ventures, net of taxes - (2,245) - (2,245)
Expenses related to the network optimization and to
the closure and disposal of stores, net of taxes - - - 1,750
Adjusted earnings 13,068 11,044 18.3 58,638 56,839 3.2
Earnings (loss) per share attributable to
shareholders, as reported 0.30 0.33 1.37 (0.94)
Restructuring and other charges, net of taxes (0.01) 0.03 (0.01) 0.10
Impairment and transaction charges related to the
sale of net assets, net of taxes - (0.05) - 2.18
Additional liabilities related to the sale of net assets,
net of taxes 0.02 - 0.02 -
Net gains on the purchase of the remaining interests
in joint ventures, net of taxes - (0.05) - (0.05)
Expenses related to the network optimization and to
the closure and disposal of stores, net of taxes - - - 0.04
Adjusted earnings per share 0.31 0.26 19.2 1.38 1.33 3.8

p39