Investors

Corporate Headquarters
The Boyd Group Inc.
3570 Portage Avenue
Winnipeg, Manitoba, R3K 0Z8
Tel: 204-895-1244
Fax: 204-895-1283

Why Invest in Boyd Group Income Fund?

Why Invest in Boyd?

We think we are extremely well positioned to deliver unitholder value...

• We have strong operations and a strong operational track record

• We have a healthy balance sheet

• We enjoy favorable industry trends

• We operate in a large and comparatively stable industry

• We have conservative and growing cash distributions

• And... we have a Low Cost...Low Risk Growth Strategy....

BUSINESS STRATEGY

Boyd's primary strategy is to continue to focus on maximizing its opportunities through a commitment to:

• Expense management through a focus on cost containment and efficiency improvements;

• Optimizing returns from existing operations by achieving same store sales growth and broadening product and service offerings;

• Use of best practices and economies of scale to enhance profitability and achieve operational excellence; and

• Grow the business by launching between eight and ten new locations per year and being alert to opportunities for accelerated growth through the acquisition of other multi-location businesses.

Expense Management

Boyd has achieved a reduction in operating expenses as a percentage of sales over the last number of years. By working continuously to identify cost savings and to achieve same store sales growth, Boyd will strive to continue this trend. Operating expenses have a high fixed component and therefore same store sales growth translates into a lower percentage of operating expenses to sales.

Optimize Returns

Increasing same store sales and running shops at or near capacity has a positive impact on financial performance. Boyd also continues to seek opportunities to broaden its product and service offerings in all markets to help grow same store sales. During the last few years, the Company has focused energy and resources on increasing its share of the automobile glass repair and replacement business.

Operational Excellence

Operational excellence has been a key component of Boyd's past success and has contributed to the Company being viewed as a best-in-class service provider. Delivering on our customers' expectations related to cost of repair, time to repair, quality and customer service are critical to being successful and being rewarded with same store sales growth.

In support of this objective, Boyd achieved North America's first International Organization for Standardization (ISO) 9002 multi-site registration in automotive collision repair in its Canadian operations in 2000. The ISO 9002 standard establishes best practice process and procedures for providing the highest quality in collision repair services.

Boyd also conducts extensive customer satisfaction polling at all operating locations to assist in keeping customer satisfaction at the forefront of its mandate.

Acquisition, Development & Integration of Collision Repair Businesses

In line with stated growth strategies, Boyd was successful in opening three new locations in 2008 and another nine locations in 2009. Boyd now believes that it is well positioned to continue this growth plan of adding between eight and ten new locations per year in the coming year and each year in the foreseeable future. Boyd also plans to be alert to opportunities for accelerated growth through the acquisition of other multi-location businesses.

As a critical component of its strategy, Boyd has established relationships with strategic trading partners providing it with prepaid rebates which represent available funding for new acquisitions and start-ups and which are forgivable over a period ending in 2021.