Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — FY2020 Earnings Presentation
15 slides from Canadian Tire's earnings presentation, Feb 18, 2021
Slide 1: Fourth Quarter and 2020 Year-End Financial Results
Canadian Tire Corporation Fourth Quarter and 2020 Year-End Financial Results
Slide 2: Forward Looking Information
Forward Looking Information 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 information about Management’s current expect
Slide 3: Executive Participants
Executive Participants Greg Hicks Gregory Craig TJ Flood President & Executive Vice President & President Chief Executive Officer Chief Financial Officer Canadian Tire Retail Canadian Tire Corporation Canadian Tire Corporation FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | EXECUTIVE PARTICIPAN
Slide 4: Q4 2020 Highlights
Q4 2020 Highlights Strong omni-channel performance in the quarter drove CTC’s comparable sales growth of 9.5% o CTR’s strong 12.8% growth was driven by double digit growth in almost 70% of product categories and Owned Brands growth of 18% o Mark’s delivered strong comparable sales of 7.6%, driven pr
Slide 5: Q4 2020 Highlights
Q4 2020 Highlights Financial Services income before income taxes grew 5.6% in the quarter o Aging metrics continue to be favourable o Consistent with industry trends, growth in cardholder sales and receivables volume were lower o Due largely to the year over year decline in receivables, the allowanc
Slide 6: Select Annual Highlights
Select Annual Highlights CTC’s retail sales grew 11% (excluding Petroleum), primarily driven by 17.6% growth at CTR eCommerce sales reached $1.6 billion, up $1 billion or 183%, with CTR delivering over 250% growth Strong performance in the last half of 2020 resulted in full year normalized diluted E
Slide 7: Consolidated Financial Results
Consolidated Financial Results Q4 2020 • Diluted EPS was $7.97, up $2.55 per share, or 47.0%, compared to the prior year. • Normalized diluted EPS in the quarter was $8.40, an increase of $2.87 per share or 51.9%. FY 2020 • Diluted EPS was $12.31, a decrease of $0.27 per share, or (2.2)%, over the p
Slide 8: Normalizing Items
Normalizing Items • The results of operations in 2020 and 2019 include costs related to the Company’s Operational Efficiency program and Party City acquisition-related costs which were considered as normalizing items. • The Company’s Operational Efficiency program includes costs in relation to sever
Slide 9: Selected Q4 2020 Normalized Metrics: Consolidated
Selected Q4 2020 Normalized Metrics: Consolidated 1 Refer to section 5.1.1 of Fourth Quarter and Full-Year 2020 MD&A for a description of normalizing items. 2 Change is between normalized results. FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | CONSOLIDATED RESULTS 9
Slide 10: Selected Full Year Normalized Metrics: Consolidated
Selected Full Year Normalized Metrics: Consolidated 1 Refer to section 5.1.1 of Fourth Quarter and Full-Year 2020 MD&A for a description of normalizing items. 2 Change is between normalized results. 3 Not meaningful. FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | CONSOLIDATED RESULTS 10
Slide 11: Retail Segment Financial Results
Retail Segment Financial Results 1 Retail sales is a key operating performance measure. Refer to section 9.3.1 of Fourth Quarter and Full-Year 2020 MD&A for additional information. * Refer to section 4.0 of Fourth Quarter and Full-Year 2020 MD&A for Events that Impacted the Company this Year. FOURTH
Slide 12: Selected Q4 2020 Normalized Metrics: Retail
Selected Q4 2020 Normalized Metrics: Retail 1 Refer to section 5.1.1 of Fourth Quarter and Full-Year 2020 MD&A for a description of normalizing items. 2 Change is between normalized results. FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | RETAIL RESULTS 12
Slide 13: Selected Full Year Normalized Metrics: Retail
Selected Full Year Normalized Metrics: Retail 1 Refer to section 5.1.1 of Fourth Quarter and Full-Year 2020 MD&A for a description of normalizing items. 2 Change is between normalized results. FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | RETAIL RESULTS 13
Slide 14: Financial Services Results
Financial Services Results FOURTH QUARTER AND 2020 YEAR-END FINANCIAL RESULTS | FINANCIAL SERVICES RESULTS 14
Slide 15: Thank You
Thank You For more information: http://investors.canadiantire.ca