Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q4 2022 Earnings Presentation
12 slides from Crossamerica Partners Lp's earnings presentation, Feb 28, 2023
Slide 1: Fourth Quarter 2022 Earnings Call
February 2023 Fourth Quarter 2022 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
Slide 4: Fourth Quarter Operations
Fourth Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment increased 4% $18.7 million in 4Q22 versus $18.0 million in 4Q21 Driven by fuel margin increase Overall Gross Profit for the Wholesale Segment increased 6% ($32.8 million for 4Q22 versus $31.1 million for 4Q21) Wholesale fue
Slide 5: Full Year 2022 Operations
Full Year 2022 Operations Wholesale Segment – Gross Profit increase of 5% ($130.7 million for FY22 versus $124.7 million for FY21) Margin (cents per gallon) increased 16% year-over-year at 8.7 cents per gallon for FY22 compared to 7.5 cents per gallon for FY21 Motor fuel gross profit increased 5% ($
Slide 6: Strategy & Objectives for 2023
Strategy & Objectives for 2023 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
Slide 8: 4Q and Full Year Results Summary
4Q and Full Year Results Summary OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended Dec. 31, 2022 2021 % Change Full Year 2022 2021 % Change Net Income $17,090 $11,980 43% $63,696 $21,654 194% Adjusted EBITDA $44,276 $37,000 20% $179,794 $123,260 46%
Slide 9: Capital Strength Maintained
Capital Strength Maintained Distribution Rate Capital Expenditures Fourth quarter 2022 capital expenditures of $3.6 million with $1.6 million of growth capex Growth capital projects during the quarter included continued investment in car wash upgrades and certain targeted store upgrade and rebrandin
Slide 10: Appendix
Appendix Fourth Quarter 2022 Earnings Call
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures 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 and
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation 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): Three Months Ended Dece
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