Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q4 2016 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Feb 16, 2017
Slide 1: Canadian Tire Corporation 2016 Fourth Quarter and Full Year Financial Results
Canadian Tire Corporation 2016 Fourth Quarter and Full Year Financial Results February 16th, 2017
Slide 2: Forward Looking Information
Forward Looking Information This document contains forward-looking statements that reflect management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information
Slide 3: Executive Participants
Executive Participants Stephen Wetmore, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, President, Canadian Tire Duncan Fulton, President, FGL Sports Gregory Craig, President, Canadian Tire Financial Services Rick White, Presiden
Slide 4: Fourth Quarter and Full Year Highlights
Fourth Quarter and Full Year Highlights Strong fourth quarter and full year results reflecting strength of business fundamentals – Consolidated revenue, excluding Petroleum, increased 7.9%, or $235.7M in the fourth quarter and up 4.8% for the full year – Fourth quarter diluted EPS was $3.46, up 15
Slide 5: Consolidated Financial Results
Consolidated Financial Results 1 – Key operating performance measure. Refer to section 11.3.1 in the Q4 and Full Year 2016 MD&A for additional information. 2 – Not meaningful. Diluted EPS was $3.46 in the quarter, an increase of $0.45 per share, or 15.1 percent, compared to the prior year. The earni
Slide 6: Retail Segment Results
Retail Segment Results 1 – Key operating performance measure. Refer to section 11.3.1 in the Q4 and Full Year 2016 MD&A for additional information. Income before income taxes increased $15.7 million, or 6.3 percent in the fourth quarter. This increase is primarily attributable to strong sales and re
Slide 7: CT REIT Segment Results
CT REIT Segment Results Higher income before income taxes was primarily due to properties acquired during 2016 and 2015; partially offset by a decrease of $3.9 million in the fair market value adjustment over the prior year.
Slide 8: Financial Services Segment Results
Financial Services Segment Results Income before income taxes of $85.3 million increased $5.5 million, or 6.8 percent in the quarter, primarily due to an increase in revenue and gross margin rate year over year; partially offset by increased selling, general and administrative expenses.
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 (C$ in millions) Q4 2016 Q4 2015 2016 2015 Adjusted EBITDA1 $ 506.6 $ 474.0 $ 1,561.8 $ 1,518.8 Change in fair value of redeemable financial instrument - - - - EBITDA $ 506.6 $ 474.0 $ 1,561.8 $ 1,518.8 Less: Depreciation and
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont’d) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions) Q4 2016 Q4 2015 Change 2016 2015 Change Revenue $ 3,641.0 $ 3,380.2 7.7% $ 12,681.0 $ 12,279.6 3.3% Petroleum Revenue 425.7 400.6 6.3% 1,634.7 1,735.0 (5.8)
Slide 11: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Download our Investor Relations App Follow us on twitter @CanTireCorp