Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2017 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, May 11, 2017
Slide 1: Canadian Tire Corporation 2017 First Quarter Financial Results
Canadian Tire Corporation 2017 First Quarter Financial Results May 11th, 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: First Quarter Highlights
First Quarter Highlights Strong first quarter results reflect continued momentum across all businesses – Consolidated revenue, excluding Petroleum, increased $131.7M, or 6.0% – Retail EBITDA increased by 30.5% – First quarter diluted EPS was $1.24, up 37.8% First quarter same store sales — Conso
Slide 5: Consolidated Financial Results
Consolidated Financial Results First quarter earnings performance reflects improved gross margin contribution from the Financial Services segment and increased revenue and gross margin dollars from the Retail segment, as well as the favourable impact of share repurchases on year-over-year diluted EP
Slide 6: Retail Segment Results
Retail Segment Results 1 – Retail sales is a key operating performance measure. Refer to section 9.3.1 in the Q1 2017 MD&A for additional information. Higher income before income taxes primarily attributable to strong revenue growth from Canadian Tire and increased revenue and improved gross margin
Slide 7: CT REIT Segment Results
CT REIT Segment Results Higher income before income taxes is largely due to properties acquired during 2017 and 2016 as well as an increase of $6.0 million in the fair market value adjustment over the prior year.
Slide 8: Financial Services Segment Results
Financial Services Segment Results Higher income before income taxes is primarily due to an increase in the gross margin rate, partially offset by increased selling, general and administrative expenses.
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 (C$ in millions) Q1 2017 Q1 2016 1 Adjusted EBITDA $ 284.4 $ 247.6 Change in fair value of redeemable financial instrument - - EBITDA $ 284.4 $ 247.6 Less: Depreciation and amortization2 110.6 107.9 Net finance costs 24.8 20.
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) Q1 2017 Q1 2016 Change Revenue $ 2,753.5 $ 2,559.4 7.6% Petroleum Revenue 409.8 347.4 18.0% Revenue (excluding Petroleum) $ 2,343.7 $ 2,212.0 6.0% Retail Re
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