Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2015 Earnings Presentation
9 slides from Canadian Tire's earnings presentation, May 14, 2015
Slide 1: Canadian Tire Corporation 2015 First Quarter Financial Results
Canadian Tire Corporation 2015 First Quarter Financial Results May 14, 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: First Quarter Highlights
First Quarter Highlights Strong first quarter results across all businesses – Consolidated revenue, excluding Petroleum, increased $46.1 million, or 2.2% – Diluted EPS of $0.88, flat to last year despite owning 20% less of Financial Services business Same-store sales up in all core retail banner
Slide 5: Consolidated financial results
Consolidated financial results (C$ in millions, except where noted) Q1 2015 Q1 2014 Change Retail sales1 $ 2,462.7 $ 2,460.5 0.1% Revenue $ 2,514.9 $ 2,573.1 (2.3)% Gross margin dollars $ 882.1 $ 835.3 5.6% Gross margin as a % of revenue 35.1% 32.5% 261 bps Other (income) expense (6.8) 1.5 NM2 Selli
Slide 6: Retail segment financial results
Retail segment financial results (C$ in millions) Q1 2015 Q1 2014 Change 1 Retail sales $ 2,462.7 $ 2,460.5 0.1% Revenue $ 2,207.3 $ 2,293.1 (3.7)% Gross margin dollars $ 677.0 $ 656.3 3.2% Gross margin as a % of revenue 30.7% 28.6% 206 bps Other income (33.5) (23.0) 46.3% Selling, general and admin
Slide 7: CT REIT segment results
CT REIT segment results (C$ in millions) Q1 2015 Q1 2014 Change Property revenue $ 92.4 $ 82.7 11.8% Property expense 21.6 17.9 20.4% General and administrative expense 2.4 1.9 33.7% Net finance costs 21.5 20.2 6.0% Fair value gain on investment properties (8.6) (127.0) (93.2)% Income before income
Slide 8: Financial Services segment results
Financial Services segment results (C$ in millions) Q1 2015 Q1 2014 Change Revenue $ 284.5 $ 264.6 7.5% Gross margin dollars 169.0 150.4 12.3% Gross margin (% of revenue) 59.4% 56.8% 254 bps Other expense 1.2 0.2 NM1 Selling, general and administrative expenses 67.5 70.0 (3.5)% Net finance income (0
Slide 9: 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