13 slides from Transcontinental Inc. Class A's earnings presentation, Jun 6, 2024
Slide 1: Q2-FY2024 Results Earnings Call Presentation
Q2-FY2024 RESULTS EARNINGS CALL PRESENTATION Thomas Morin, President and Chief Executive Officer Donald LeCavalier, Executive Vice President & Chief Financial Officer Yan Lapointe, Director, Investor Relations & Treasury June 6, 2024
Slide 2: Note to Readers
NOTE TO READERS In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards (IFRS) and the term ‘‘dollars’’ as well as the symbol ‘‘$’’ designate Canadian dollars. In this document, we also use non-IFRS financial measur
Slide 3: Forward-Looking Information
FORWARD-LOOKING INFORMATION Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements
Slide 4: Q2-FY2024 Highlights
Q2-FY2024 HIGHLIGHTS Solid quarter in terms of profitability Best adj. EBITDA(1) in the Packaging Sector in its history Significant impact from cost reduction initiatives across the organization, including benefits from the profit improvement program announced in December 2023 Favourable product mix
Slide 5: Q2-FY2024 Financial Results
Q2-FY2024 FINANCIAL RESULTS Q2-FY2024 Q2-FY2023 Highlights Revenues $683.2M $747.2M 8.6% decline due to lower volume 1.0% improvement from cost reduction initiatives and Adj. EBITDA(1) $110.1M $109.0M favourable product mix, partially offset by lower volume 15.6% increase from higher adjusted EBITDA
Slide 6: Q2-2024 Financial Results: Packaging
Q2-2024 FINANCIAL RESULTS: PACKAGING Revenues ($M) 7.2% decrease mainly due to lower volume, especially in the medical market Starting to see improvement in demand in most end markets and expecting modest growth in second half of F2024 Adj. EBITDA(1) ($M) 5.6% adj. EBITDA(1) growth from cost r
Slide 7: Q2-2024 Financial Results: Retail Services & Printing
Q2-2024 FINANCIAL RESULTS: RETAIL SERVICES & PRINTING Revenues ($M) Decrease mainly due to lower volume in magazine and book printing activities and impact from the end of Publisac in Québec Volume growth from in-store marketing (ISM) activities Adj. EBITDA(1) ($M) Significant cost reductions
Slide 8: FY2024 Outlook
FY2024 OUTLOOK Growth in adjusted EBITDA(1) in FY2024 versus FY2023 Packaging from cost reductions initiatives Retail Stable adjusted EBITDA (1) as lower volumes in traditional Services & activities expected to be offset by cost reduction initiatives, Printing growth in ISM and roll-out of raddarTM
Slide 9: Appendix
APPENDIX tc @ TRANSCONTINENTAL www.te.te
Slide 10: Reconciliation of Non-IFRS Financial Measures
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES 10 |
Slide 11: Reconciliation of Non-IFRS Financial Measures (Cont'd)
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (CONT’D) 11 |
Slide 12: Reconciliation of Non-IFRS Financial Measures (Cont'd)
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (CONT’D) 12 |
Slide 13: www.tc.tc
tc @ TRANSCONTINENTAL www.te.te