Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q4 2015 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Feb 18, 2016
Slide 1: 2015 Fourth Quarter and Full Year Financial Results
Canadian Tire Corporation 2015 Fourth Quarter and Full Year Financial Results February 18th, 2016
Slide 2: Forward looking information
Forward looking information This document contains forward-looking statements that reflect management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information
Slide 3: Executive participants
Executive participants Michael Medline, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, Chief Operating Officer, Canadian Tire Chad McKinnon, Chief Operating Officer, FGL Sports Mary Turner, Chief Operating Officer, CTFS Rick Whi
Slide 4: Fourth Quarter and Full Year Highlights
Fourth Quarter and Full Year Highlights Fourth quarter and full year results reflect one less week of retail operations vs. prior year Strong fourth quarter and full year results reflecting strength of business fundamentals – Consolidated revenue down 5.8% in the fourth quarter, excluding Petrol
Slide 5: Consolidated financial results
Consolidated financial results 1 – Key operating performance measure. Refer to section 11.3.1 in the MD&A for additional information. 2 – Not meaningful. Q4 and full year 2015 results reflect one less week of retail operations compared to the prior year. Fourth quarter earnings performance reflects
Slide 6: Retail segment financial results
Retail segment financial results 1 – Retail sales is a key operating performance measure. Refer to section 11.3.1 in this MD&A for additional information. Q4 and full year 2015 results reflect one less week of retail operations compared to the prior year. Higher income before income taxes primarily
Slide 7: CT REIT segment results
CT REIT segment results Higher income before income taxes, primarily due to properties acquired during 2015 and 2014 and an increase of $5.4 million in the fair market value adjustment over the prior year. 6 6
Slide 8: Financial Services segment results
Financial Services segment results Higher income before income taxes due to savings in marketing expenses, lower variable compensation expense and a reduction in the allowance for future write-offs of the credit card portfolio; partially offset by increased insolvency write-offs and a reduction in i
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 (C$ in millions) Q4 2015 Q4 2014 2015 2014 1 Adjusted EBITDA $ 474.0 $ 437.5 $ 1,518.8 $ 1,376.4 Change in fair value of the redeemable financial instrument _ 17.0 _ 17.0 (income)/expense EBITDA $ 474.0 $ 420.5 $ 1,518.8 $ 1,
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont’d) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions, except where noted) Q4 2015 Q4 2014 Change 2015 2014 Change Revenue $ 3,380.2 $ 3,653.8 (7.5)% $ 12,279.6 $ 12,462.9 (1.5)% Petroleum Revenue 400.6 489.8 (1
Slide 11: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Follow us on twitter @CTCShares