Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q4 2021 Earnings Presentation
12 slides from Crossamerica Partners Lp's earnings presentation, Mar 1, 2022
Slide 1: Fourth Quarter 2021 Earnings Call
March 2022 Fourth Quarter 2021 Earnings Call Exhibit 99.2
Slide 2: Forward Looking Statement
Forward Looking Statement Statements contained in this presentation that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “anticipates”, “estimates,” “target” and other similar expres
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President 3
Slide 4: Fourth Quarter Operations
Fourth Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment increased 51% $36.3 million in 4Q21 versus $24.0 million in 4Q20 Driven by both volume and fuel margin increases Overall Gross Profit for the Wholesale Segment increased 34% ($49.4 million for 4Q21 versus $36.8 million for
Slide 5: Full Year 2021 Operations
Full Year 2021 Operations Wholesale Segment – Gross Profit increase of 14% ($176.6 million for FY21 versus $155.5 million for FY20) Wholesale fuel volume increased 20% (1.33 billion gallons distributed in FY21 versus 1.12 billion gallons in FY20) Margin (cents per gallon) was flat year-over-year at
Slide 6: Strategy & Objectives for 2022
Strategy & Objectives for 2022 Improving the customer experience for our company operated retail sites and for our dealer customers and their customers Growing revenue Growing or maintaining volume Focusing on a great experience Within our operations team, increasing our efficiency and effectiveness
Slide 7: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 7
Slide 8: 4Q and Full Year Results Summary
4Q and Full Year Results Summary 8 Note: See the reconciliation of EBITDA, Adjusted EBITDA and Distributable Cash Flow (or “DCF”) to net income and the definitions of EBITDA, Adjusted EBITDA and DCF in the appendix of this presentation. During the full year of 2020, CrossAmerica recorded a $80.9 mil
Slide 9: Capital Strength
Capital Strength Maintain Distribution Rate Distributable Cash Flow of $102.2 million for the full year 2021 and $31.0 million for the three-month period ended December 31, 2021 Distribution rate of $0.5250 per unit ($2.10 per unit annualized) attributable to the fourth quarter of 2021 Coverage rati
Slide 10: Appendix
Appendix Fourth Quarter 2021 Earnings Call 10
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures 11 Non-GAAP Financial Measures We use non-GAAP financial measures EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. EBITDA represents net income available to us before deducting interest expense, income taxes and depreciation, amortization
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation 12 The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income, the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for per unit amounts): CrossAmerica recorde
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