Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Investor Presentation (October 2013)
10 slides from Canadian Tire's investor presentation, Oct 8, 2013
Slide 1: Investor Education Session: Financial Reporting Post CT REIT
Canadian Tire Corporation Investor Education Session Financial Reporting Post CT REIT October 8, 2013
Slide 2: Forward looking information
Forward looking information This document contains forward-looking information that reflects management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are presented for the purposes of providing informat
Slide 3: Rationale and highlights of CT REIT transaction
Rationale and highlights of CT REIT transaction Rationale Surface the value of Canadian Tire’s (CTC’s) real estate holdings Provide CTC with increased financial flexibility to pursue new opportunities to invest in and grow its business Create a stand-alone vehicle for CTC’s real estate which w
Slide 4: Proposed CT REIT capital structure (at inception)
Proposed CT REIT capital structure1 (at inception) Total Enterprise Debt Equity Value $1,800.0 M Class C LP $860.6 M Trust Units $3,556.2 M Total EV Units • $263.5 M held by the public • Cash NOI - $231.2 M • Priority distribution to • AFFO - $126.8 M equity • Remainder held by CTC • Approximate 6.5
Slide 5: Consolidated pro forma impact summary
Consolidated pro forma impact summary 2012A 2012PF1 Change millions millions Revenue $ 11,427 $ 11,427 $ 0 EBITDA2 1,139 1,131 (8) Earnings before income taxes 677 669 (8) Non-controlling interest (NCI)3 0 17 (17) Earnings after income taxes and NCI3 499 481 (18) Basic EPS4 $ 6.13 $ 5.90 $ (0.23) ¹
Slide 6: Pro forma impact on CTC externally reported metrics
Pro forma impact on CTC externally reported metrics – based on reported 20121 EPS Expect $0.21 to $0.25 (~ 4% of EPS ) reduction in annual EPS due to: AdministrativecostsassociatedwithoperatingCTREIT includingpubliccompanycosts,employee salariesetc. Distributionsto non-controllinginterest(pu
Slide 7: CTC’s proposed business segment reporting
CTC’s proposed business segment reporting Retail CT REIT Financial Services Reports on the basis that CTC sold and Report results consistent with the leased back the real estate assets No change from existing reporting publicly reported consolidated Operating expense includes the rent financial stat
Slide 8: Segment reporting pro forma note disclosure
Segment reporting pro forma note disclosure – based on reported 20121 CTC Financial CT REIT Retail CT REIT Eliminations/ Total (C$ in millions) Services Eliminations adjustments External revenue 10,370 13 967 (2) 79 11,427 Inter segment revenue 0 321 15 (321) (15) 0 Total revenue 10,370 334 982 (323
Slide 9: Canadian Tire Family of Companies
Canadian Tire Family of Companies 8 8
Slide 10: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Follow us on twitter @CTCShares