Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q3 2011 Earnings Presentation
12 slides from Canadian Tire's earnings presentation, Nov 10, 2011
Slide 1: Canadian Tire Corporation 2011 Third Quarter Financial Results
Canadian Tire Corporation 2011 Third Quarter Financial Results November 10, 2011
Slide 2: Forward looking information
Forward looking information In this document, the terms “we”, “us”, “our”, “Company” and “CTC” refer to Canadian Tire Corporation, Limited and its business units and subsidiaries. This document contains forward-looking information that reflects management’s current expectations related to matters su
Slide 3: Stephen Wetmore, President and Chief Executive Officer
Stephen Wetmore President and Chief Executive Officer
Slide 4: Q3 performance highlights
Q3 performance highlights Increased quarterly dividend to 30 cents per share Completed acquisition of FGL – integration going well Good top line growth across all retail operations – CTR sales strength fuelled by our strong assortment – Automotive saw fourth consecutive quarter of sales growth
Slide 5: Marco Marrone, Chief Financial Officer and EVP, Finance
Marco Marrone Chief Financial Officer and EVP, Finance
Slide 6: Key FGL Sports items in the quarter
Key FGL Sports items in the quarter FGL Sports P&L items: – Gain on revaluation of FGL shares owned prior to acquisition $10.4M – Acquisition related expenses to close the FGL Sports $(6.3)M – Purchase Price Allocation (PPA) amortization $(4.5)M – After tax earnings generated by FGL Sports $3.5M
Slide 7: Consolidated highlights Q3 2011
Consolidated highlights Q3 2011 Consolidated financial highlights ($ in millions except per share amounts) Q3 2011 Q3 2010 Change Revenue $ 2,704.9 $ 2,266.1 19.4% Gross margin 780.6 698.3 11.8% Operating expenses 588.7 521.3 12.9% Net finance costs 32.1 37.6 (14.9%) Net income after tax 136.5 100.5
Slide 8: Retail segment highlights Q3 2011
Retail segment highlights Q3 2011 Retail segment financial highlights ($ in millions) Q3 2011 Q3 2010 Change Retail Sales CTR retail sales growth 3.2% 2.0% Mark's retail sales growth 2.8% 4.5% Gas (Petroleum) retail sales growth 27.4% 3.9% 1 FGL Sports retail sales growth 6.6% n/a Revenue $ 2,443.8
Slide 9: Financial services segment highlights Q3 2011
Financial services segment highlights Q3 2011 Financial Services segment financial highlights ($ in millions) Q3 2011 Q3 2010 Change Revenue $ 243.1 $ 241.9 0.5% Gross margin 145.1 140.6 3.1% Operating expenses 65.4 70.7 (7.5%) Net finance costs 15.4 15.4 (0.2%) Income before income taxes 64.2 54.3
Slide 10: Michael Medline, President, FGL Sports
Michael Medline President, FGL Sports
Slide 11: FGL Sports update
FGL Sports update Current priorities 1. Focused on driving sales Strong sales for six-week period during the quarter 2. Working to realize synergies Cost synergies are on-track 3. Building a strategic plan Core to strategy is growth – building a sports super brand Integration g is p progressin
Slide 12: Questions and Answers
Questions and Answers For more information www.corp.canadiantire.ca/EN/investors angela.mcmonagle@cantire.com (416) 480-8225