Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q2 2020 Earnings Presentation
11 slides from Crossamerica Partners Lp's earnings presentation, Aug 7, 2020
Slide 1: Second Quarter 2020 Earnings Call
August 2020 Second Quarter 2020 Earnings Call Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements 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 expre
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President
Slide 4: Second Quarter Operating Results
Second Quarter Operating Results OPERATING RESULTS (in thousands, except for per gallon amounts) Three Months ended June 30, 2020 2019 % Change Total Volume of Gallons Distributed 260,246 258,602 1% Wholesale Fuel Margin per Gallon $0.108 $0.074 46% Wholesale Fuel Gross Profit $28,166 $19,034 48% Re
Slide 5: Second Quarter Update
Second Quarter Update Completed the acquisition of retail/wholesale assets that was announced on January 15, 2020* Includes retail operations at 169 sites (154 company operated sites and 15 commission sites) Transaction closed on April 14, 2020 Wholesale fuel supply to 110 sites, including 53 third-
Slide 6: CrossAmerica Financial Overview
CrossAmerica Financial Overview Jon Benfield, Interim Chief Financial Officer
Slide 7: Second Quarter Results Summary
Second Quarter Results Summary OPERATING RESULTS (in millions, except for distributions per unit and coverage) Three Months ended June 30, 2020 2019 % Change Net Income $5.2 $6.4 (19%) Gross Profit $57.6 $41.4 39% Adjusted EBITDA $27.7 $27.7 0% Distributable Cash Flow $26.0 $22.3 17% Weighted Avg. D
Slide 8: Capital Strength
Capital Strength Leverage, as defined under our credit facility, was 3.96X as of June 30, 2020 Increase in credit facility availability Maintain Distribution Rate Distributable Cash Flow of $26.0 million for the three-month period ended June 30, 2020 Distribution rate of $0.5250 per unit ($2.10 per
Slide 9: Appendix
Appendix Second Quarter 2020 Earnings Call
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use the 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 accretion, which includ
Slide 11: 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): During the three months
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