Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q3 2022 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, Nov 8, 2022
Slide 1: Third Quarter 2022 Earnings Call
November 2022 Third 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: Third Quarter Operations
Third Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment increased 24% $42.2 million in 3Q22 versus $34.1 million in 3Q21 Driven primarily by fuel margin increases Overall Gross Profit for the Wholesale Segment increased 18% ($56.8 million for 3Q22 versus $48.2 million for 3Q21) W
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer
Slide 6: Third Quarter Results Summary
Third Quarter Results Summary OPERATING RESULTS (in thousands, except for distributions per unit and coverage) Three Months ended September 30, 2022 2021 % Change Net Income $27,593 $8,852 212% Gross Profit $114,730 $75,731 52% Adjusted EBITDA $62,167 $35,890 73% Distributable Cash Flow $50,869 $30,
Slide 7: Capital Strength
Capital Strength Maintain Distribution Rate Distribution rate of $0.5250 per unit ($2.10 per unit annualized) attributable to the third quarter of 2022 Capital Expenditures A total of $10.4 million of capital expenditures during 3Q22 with $8.4 million of growth capex compared to $10.5 million of cap
Slide 8: Appendix Third Quarter 2022 Earnings Call
Appendix Third 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 before deducting interest expense, income taxes and depreciation, amortization and accretion (
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 Sept
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