Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q2 2023 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, Aug 8, 2023
Slide 1: Second Quarter 2023 Earnings Call
August 2023 Second Quarter 2023 Earnings Call Exhibit 99.2
Slide 2: Forward Looking Statement
Forward Looking Statement Statements contained in this presentation that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “anticipates”, “estimates,” “target” and other similar expres
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President
Slide 4: Second Quarter Operations
Second Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment declined 6% $17.9 million in 2Q23 versus $19.0 million in 2Q22 Driven by a decline in fuel margin, partially offset by an increase in volume Overall Gross Profit for the Wholesale Segment decreased 5% ($31.7 million for 2Q2
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer
Slide 6: Second Quarter Results Summary
Second Quarter Results Summary OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended June 30, 2023 2022 % Change Net Income $14,536 $13,966 4% Adjusted EBITDA $42,198 $41,383 2% Distributable Cash Flow $30,395 $32,411 (6%) Weighted Avg. Diluted Units 38,
Slide 7: Capital Strength
Capital Strength Capital Expenditures Q2 2023 capital expenditures of $5.3 million, including $3.9 million of growth capex Growth capital projects during the quarter included targeted backcourt and forecourt spend for newly converted company operated Retail locations and store upgrade/rebranding wor
Slide 8: Appendix
Appendix Second Quarter 2023 Earnings Call
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures We use non-GAAP financial measures EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. EBITDA represents net income available to us before deducting interest expense, income taxes and depreciation, amortization and
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income, the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for per unit amounts): Three Months Ended June
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