Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2015 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Aug 13, 2015
Slide 1: Canadian Tire Corporation 2015 Second Quarter Financial Results
Canadian Tire Corporation 2015 Second Quarter Financial Results August 13, 2015
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 Michael Medline, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, Chief Operating Officer, Canadian Tire Chad McKinnon, Chief Operating Officer, FGL Sports Mary Turner, Chief Operating Officer, CTFS Rick Whi
Slide 4: Second Quarter Highlights
Second Quarter Highlights Strong second quarter performance in face of declining Canadian dollar – Consolidated revenue, excluding Petroleum, increased $166.1 million, or 6.3% – Diluted EPS up 1.3%, despite $0.18 reduction due to Financial Services transaction in 2014 Same-store sales up in all
Slide 5: Consolidated financial results
Consolidated financial results YTD YTD (C$ in millions, except where noted) Q2 2015 Q2 2014 Change Q2 2015 Q2 2014 Change Retail sales1 $ 3,862.2 $ 3,721.6 3.8% $ 6,324.9 $ 6,182.1 2.3% Revenue $ 3,257.7 $ 3,166.1 2.9% $ 5,772.6 $ 5,739.2 0.6% Gross margin dollars $ 1,051.7 $ 1,012.9 3.8% $ 1,933.8
Slide 6: Retail segment financial results
Retail segment financial results YTD YTD Q2 2015 Q2 2014 Change Change (C$ in millions) Q2 2015 Q2 2014 Retail sales1 $ 3,862.2 $ 3,721.6 3.8% $ 6,324.9 $ 6,182.1 2.3% Revenue $ 2,954.7 $ 2,879.5 2.6% $ 5,162.0 $ 5,172.6 (0.2)% Gross margin dollars $ 843.7 $ 808.3 4.4% $ 1,520.7 $ 1,464.6 3.8% Gross
Slide 7: CT REIT segment results
CT REIT segment results Income before income taxes in CT REIT increased $11.6 million, or 25.2% in the quarter, primarily due to properties acquired during 2015 and 2014 and an increase of $6.4 million in the fair market value adjustment over the prior year. 6 6
Slide 8: Financial Services segment results
Financial Services segment results YTD YTD Q2 2015 Q2 2014 Change (C$ in millions) Q2 2015 Q2 2014 Change Revenue $ 276.7 $ 267.7 3.4% $ 561.2 $ 532.3 5.4% Gross margin dollars 168.6 172.0 (2.0)% 337.6 322.4 4.7% Gross margin (% of revenue) 60.9% 64.3% (333 bps) 60.1% 60.6% (43 bps) Other expense (0
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA and Retail EBITDA1 1 YTD YTD (C$ in millions) Q2 2015 Q2 2014 Change Q2 2015 Q2 2014 Change 1 Adjusted EBITDA $ 384.4 $ 374.6 2.6% $ 629.7 $ 587.0 7.3% 2 Depreciation and amortization 105.0 87.9 19.5% 202.4 172.6 17.3% Net finance costs 22.7 40.0 (43.1)% 46.3 64
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont’d) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue YTD YTD (C$ in millions, except where noted) Q2 2015 Q2 2014 Change Q2 2015 Q2 2014 Change Revenue $ 3,257.7 $ 3,166.1 2.9% $ 5,772.6 $ 5,739.2 0.6% Petroleum Revenue $ 463.
Slide 11: 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