Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q3 2018 Earnings Presentation
19 slides from Canadian Tire's earnings presentation, Nov 8, 2018
Slide 1: Canadian Tire Corporation Third Quarter Financial Results
Canadian Tire Corporation Third Quarter Financial Results| November 8, 2018
Slide 2: Forward Looking Information
Forward Looking Information Caution regarding forward-looking statements This document contains forward-looking statements that reflect Management’s current expectations relating to matters such as future financial performance and operating results of the Company. Forward-looking statements provide
Slide 3: Executive Participants
Executive Participants Stephen Wetmore, President and CEO, Canadian Tire Corporation Dean McCann, Executive Vice President and Chief Financial Officer Allan MacDonald, Executive Vice President, Retail Mahes Wickramasinghe, Executive Vice President and Chief Corporate Officer Greg Hicks, Pr
Slide 4: Third Quarter Highlights
Third Quarter Highlights THIRD QUARTER RESULTS THIRD QUARTER COMPARABLE SALES THIRD QUARTER PERFORMANCE AT FINANCIAL SERVICES • Consolidated revenue, excluding • Consolidated up 2.5% • Gross average credit card receivable Petroleum, increased $290.9M or 10.4% growth of 11.2% year-over-year • Canadia
Slide 5: Normalizing Items
Normalizing Items: The table below summarizes the pre-tax amount of the previously listed normalizing items that were included in results for the 13 and 39 weeks ended September 29, 2018: The results of operations include two normalizing items in the current year. These items include: • One-time cos
Slide 6: Selected Normalized Metrics Consolidated
Selected Normalized Metrics Consolidated: 1 Refer to section 4.1.1 of the Q3 2018 MD&A for a description of normalizing items. THIRD QUARTER FINANCIAL RESULTS | SELECTED NORMALIZED METRICS 6
Slide 7: Selected Normalized Metrics Consolidated
Selected Normalized Metrics Consolidated: 1 Refer to section 4.1.1 of the Q3 2018 MD&A for a description of normalizing items. THIRD QUARTER FINANCIAL RESULTS | SELECTED NORMALIZED METRICS 7
Slide 8: Selected Normalized Metrics Retail
Selected Normalized Metrics Retail: 1 Refer to section 4.1.1 of the Q3 2018 MD&A for a description of normalizing items. THIRD QUARTER FINANCIAL RESULTS | SELECTED NORMALIZED METRICS 8
Slide 9: Consolidated Financial Results
Consolidated Financial Results In Q3, consolidated revenue increased $365.6 million, or 11.2 percent, which includes a $74.7 million increase in Petroleum revenue. Excluding Petroleum, consolidated revenue increased 10.4 percent. Reported diluted EPS was $3.15 in the quarter, an increase of $0.56 pe
Slide 10: Retail Segment Results
Retail Segment Results 1 Revenue, gross margin and selling, general and administrative expenses were restated as a result of IFRS 15 adjustments. Refer to Note 2 of the condensed interim consolidated financial statements for additional information. 2 Key operating performance measures. Refer to sect
Slide 11: CT REIT Segment Results
CT REIT Segment Results In Q3 income before income taxes increased by $8.5 million, or 12.2 percent, primarily due to an increase in earnings attributable to the income generated from properties acquired and intensification activities completed during 2018 and 2017, an increase in the fair value gai
Slide 12: Selected Normalized Metrics Financial Services
Selected Normalized Metrics Financial Services: 1 Refer to section 4.1.1 of the Q3 2018 MD&A for a description of normalizing items. Normalization impacts year to date (YTD) figures only. THIRD QUARTER FINANCIAL RESULTS | SELECTED NORMALIZED METRICS 12
Slide 13: Financial Services Segment Results
Financial Services Segment Results 1 Not meaningful. In Q3 income before income taxes of $131.9 million increased $31.7 million, or 31.6 percent. The increase in income before taxes was primarily due to strong revenue growth, and the positive impact of a change in Management’s estimate of the presen
Slide 14: Appendix: Adjusted Normalized EBITDA and Adjusted EBITDA
Appendix Adjusted Normalized EBITDA and Adjusted EBITDA THIRD QUARTER FINANCIAL RESULTS | ADJUSTED EBITDA 14
Slide 15: Retail Segment normalized EBITDA and EBITDA
Appendix (cont'd) Retail Segment normalized EBITDA and EBITDA THIRD QUARTER FINANCIAL RESULTS | RETAIL SEGMENT EBITDA 15
Slide 16: Consolidated and Retail Revenue Excluding Petroleum Revenue
Appendix (cont'd) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions) Q3 2018 Q3 2017 Change YTD 2018 YTD 2017 Change Revenue $ 3,631.3 $ 3,265.7 11.2% $ 9,927.0 $ 9,361.2 6.0% Petroleum Revenue 550.8 476.1 15.7% 1,547.9 1,342
Slide 17: Reconciliation of Helly Hansen's EBITDA to net income
Appendix (cont'd) Reconciliation of Helly Hansen’s EBITDA to net income The following table above reconciles Helly Hansen’s EBITDA to net income which is a GAAP measure reported in Note 19 in the condensed interim consolidated financial statements for the period ended September 29, 2018. THIRD QUART
Slide 18: For more information
For more information: http://investors.canadiantire.ca THIRD QUARTER FINANCIAL RESULTS | CONTACT US 18
Slide 19: Thank You
Thank You