Crossamerica Partners Lp · NYSE:CAPL

Crossamerica Partners Lp — Q1 2023 Earnings Presentation

10 slides from Crossamerica Partners Lp's earnings presentation, May 9, 2023

  1. Slide 1: First Quarter 2023 Earnings Call

    First Quarter 2023 Earnings Call May 2023

  2. Slide 2: Forward Looking Statement

    First Quarter 2023 Earnings Call May 2023 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”, “est

  3. Slide 3: CrossAmerica Business Overview

    CrossAmerica Business Overview Charles Nifong, CEO & President 3

  4. Slide 4: First Quarter Operations

    First Quarter 2023 Earnings Call May 2023 First Quarter Operations • Motor Fuel Gross Profit from the Wholesale Segment increased 3% – $16.7 million in 1Q23 versus $16.2 million in 1Q22 – Driven by fuel margin increase – Overall Gross Profit for the Wholesale Segment increased 3% ($31.2 million for

  5. Slide 5: CrossAmerica Financial Overview

    CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 5

  6. Slide 6: First Quarter Results Summary

    First Quarter 2023 Earnings Call May 2023 First Quarter Results Summary OPERATING RESULTS Three Months ended Mar 31, (in thousands, except for 2023 2022 % Change distributions per unit and coverage) Net Income ($979) $5,047 (119%) Adjusted EBITDA $31,738 $31,968 (1%) Distributable Cash Flow $19,132

  7. Slide 7: Capital Strength

    First Quarter 2023 Earnings Call May 2023 Capital Strength • Capital Expenditures • Q1 2023 capital expenditures of $6.0 million, including $4.0 million of growth capex • Growth capital projects during the quarter included dispensers for newly converted company operated Retail locations and store up

  8. Slide 8: Appendix

    Appendix First Quarter 2023 Earnings Call 8

  9. Slide 9: Non-GAAP Financial Measures

    First Quarter 2023 Earnings Call May 2023 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, incom

  10. Slide 10: Non-GAAP Reconciliation

    First Quarter 2023 Earnings Call May 2023 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

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