Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q3 2022 Earnings Presentation
12 slides from Canadian Tire's earnings presentation, Nov 10, 2022
Slide 1: Canadian Tire Corporation Third Quarter 2022 Financial Results
Canadian Tire Corporation Third Quarter 2022 Financial Results
Slide 2: Forward Looking Information
Forward Looking Information This document contains forward-looking information that reflects Management’s current expectations relating to matters such as future financial performance and operating results of the Company. Forward-looking information provides insights regarding Management’s current e
Slide 3: Executive Participants
Executive Participants Greg Hicks President & Chief Executive Officer, Canadian Tire Corporation Gregory Craig Executive Vice President & Chief Financial Officer, Canadian Tire Corporation TJ Flood President, Canadian Tire Retail THIRD QUARTER 2022 FINANCIAL RESULTS | EXECUTIVE PARTICIPANTS 3
Slide 4: Q3 2022 Highlights
Q3 2022 Highlights Consolidated retail sales1 were up 2.8%; consolidated comparable sales1 (excluding Petroleum) were up 0.7%, taking year to date consolidated comparable sales (excluding Petroleum) to 3.8% o Canadian Tire Retail (CTR) comparable sales1 were up 0.7% against Q3 of 2021; Seasonal and
Slide 5: Q3 2022 Highlights
Q3 2022 Highlights Diluted EPS was $3.14; normalized diluted EPS1 was $3.34, down 20.5% reflecting lower Retail income before income taxes (IBT), partially offset by a strong performance in Financial Services o Retail segment IBT was down $93.5 million in the quarter to $133.0 million; strong Retail
Slide 6: Q3 & YTD 2022 Consolidated Financial Results
Q3 & YTD 2022 Consolidated Financial Results Q3 2022 • Diluted EPS was $3.14, down $0.83 per share, or 20.9%, compared to the prior year. 1 For further information about these measures see section 9.2 of the Company’s Q3 2022 MD&A. 2 Not meaningful. THIRD QUARTER 2022 FINANCIAL RESULTS | CONSOLIDATE
Slide 7: Q3 & YTD 2022 Normalizing Items
Q3 & YTD 2022 Normalizing Items • The results of operations in the third quarter of 2022 included $15.8 million in consulting and ongoing project costs relating to the Company’s Operational Efficiency program which were considered as normalizing items. • These costs are included in selling, general
Slide 8: Selected Q3 2022 Normalized Metrics: Consolidated
Selected Q3 2022 Normalized Metrics: Consolidated 1 Refer to Normalizing Items table in section 4.1.1 of the Company’s Q3 2022 MD&A. 2 These normalized measures (excluding revenue, cost of producing revenue, gross margin, gross margin rate, and net finance costs) are non-GAAP financial measures or n
Slide 9: Q3 & YTD 2022 Retail Segment Financial Results
Q3 & YTD 2022 Retail Segment Financial Results 1 For further information about this measure see section 9.2 of the Company’s Q3 2022 MD&A. THIRD QUARTER 2022 FINANCIAL RESULTS | RETAIL RESULTS 10
Slide 10: Selected Q3 2022 Normalized Metrics: Retail
Selected Q3 2022 Normalized Metrics: Retail 1 Refer to section 4.1.1 of the Company’s Q3 2022 MD&A for a description of normalizing items. 2 For further information and a detailed reconciliation see section 9.1 of the Company’s Q3 2022 MD&A. 3 Change is between normalized results, if any. 4 For furt
Slide 11: Q3 2022 & YTD 2022 Financial Services Results
Q3 2022 & YTD 2022 Financial Services Results 1 For further information about this measure see section 9.2 of the Company’s Q3 2022 MD&A. 2 Not meaningful. THIRD QUARTER 2022 FINANCIAL RESULTS | FINANCIAL SERVICES RESULTS 12
Slide 12: Thank You
Thank You For more information: http://investors.canadiantire.ca