14 slides from Transcontinental Inc. Class A's earnings presentation, Dec 13, 2023
Slide 1: Q4-FY2023 Results Earnings Call Presentation
Q4-FY2023 RESULTS EARNINGS CALL PRESENTATION Thomas Morin, President and Chief Executive Officer Donald LeCavalier, Executive Vice President & Chief Financial Officer Yan Lapointe, Director, Investor Relations & Treasury December 12, 2023
Slide 2: Note to Readers
NOTE TO READERS In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards (IFRS) and the term ‘‘dollars’’ as well as the symbol ‘‘$’’ designate Canadian dollars. In this document, we also use non-IFRS financial measur
Slide 3: Forward-Looking Information
FORWARD-LOOKING INFORMATION Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements
Slide 4: Q4-FY2023 Highlights
Q4-FY2023 HIGHLIGHTS 3.1% adj. EBITDA(1) growth despite lower volume Our Priorities Cash flow from operating activities of $246.2 millions 1. Grow organically and compared to $103.5 millions in Q4 FY2022 profitably 2. Deliver strong return Net indebtedness ratio(1) of 2.06x on assets Roll-out of rad
Slide 5: Profitability and Balance Sheet Improvement Program
PROFITABILITY AND BALANCE SHEET IMPROVEMENT PROGRAM 1. Significant reductions in fixed costs across the organisation 2. Quick turnaround or consolidation of less profitable activities 3. Reduction of the cost of goods sold 4. Sale of real estate assets worth around $100 million dollars as a first st
Slide 6: Q4-FY2023 Financial Results
Q4-FY2023 FINANCIAL RESULTS Q4-FY2023 Q4-FY2022 Highlights 2.8% decline due to lower volume Revenues $779.7M $802.2M Favourable variation in exchange rates in Packaging 3.1% improvement from higher profit in Media and positive Adj. EBITDA(1) $145.5M $141.1M impact of share-based compensation partial
Slide 7: Q4-2023 Financial Results: Packaging
Q4-2023 FINANCIAL RESULTS: PACKAGING Revenues ($M) 2.9% decrease mainly due to lower volume from market softness, partially offset by favourable variation in exchange rates Adj. EBITDA(1) ($M) Adj. EBITDA(1) in line with strong fourth quarter last year Improved margin offsetting most of the lo
Slide 8: Q4-2023 Financial Results: Printing
Q4-2023 FINANCIAL RESULTS: PRINTING Revenues ($M) 4.8% decrease mainly due to lower volume in retail flyer and in book printing activities Strong performance from in-store marketing (ISM) activities Adj. EBITDA(1) ($M) Significant cost reductions offsetting most of the lower volume Year-over
Slide 9: FY2024 Outlook
FY2024 OUTLOOK Growth in adjusted EBITDA(1) in FY2024 versus FY2023 Packaging from increased efficiency and CAPEX investments Lower adjusted EBITDA(1) from lower volumes, partially Printing offset by cost reduction initiatives and expansion of raddarTM Adjusted EBITDA(1) at least similar to FY2023 a
Slide 10: Appendix
APPENDIX tc @ TRANSCONTINENTAL www.te.te
Slide 11: Reconciliation of Non-IFRS Financial Measures
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES 11 |
Slide 12: Reconciliation of Non-IFRS Financial Measures (cont'd)
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (CONT’D) 12 |
Slide 13: Reconciliation of Non-IFRS Financial Measures (cont'd)
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (CONT’D) 13 |
Slide 14: www.tc.tc
tc @ TRANSCONTINENTAL www.te.te