Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q1 2022 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, May 10, 2022
Slide 1: First Quarter 2022 Earnings Call
May 2022 First Quarter 2022 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: First Quarter Operations
First Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment increased 54% $32.8 million in 1Q22 versus $21.3 million in 1Q21 Driven by both volume and fuel margin increases Overall Gross Profit for the Wholesale Segment increased 35% ($46.9 million for 1Q22 versus $34.9 million for 1
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer
Slide 6: First Quarter Results Summary
First Quarter Results Summary OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended March 31, 2022 2021 % Change Net Income $5,047 ($3,967) 227% Gross Profit $78,830 $54,868 44% Adjusted EBITDA $31,968 $20,665 55% Distributable Cash Flow $24,248 $15,753
Slide 7: Capital Strength
Capital Strength Maintain Distribution Rate Distributable Cash Flow of $24.2 million for the three-month period ended March 31, 2022 Distribution rate of $0.5250 per unit ($2.10 per unit annualized) attributable to the first quarter of 2022 Trailing twelve months coverage ratio was 1.39 times for th
Slide 8: Appendix
Appendix First Quarter 2022 Earnings Call
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures We use the 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
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 Marc
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