Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q3 2016 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Nov 10, 2016
Slide 1: Canadian Tire Corporation 2016 Third Quarter Financial Results
Canadian Tire Corporation 2016 Third Quarter Financial Results November 10, 2016
Slide 2: Forward Looking Information
Forward Looking Information This document contains forward-looking statements that reflect management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information
Slide 3: Executive Participants
Executive Participants Stephen Wetmore, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, President, Canadian Tire Duncan Fulton, President, FGL Sports Mary Turner, President, Canadian Tire Financial Services Rick White, President,
Slide 4: Third Quarter Highlights
Third Quarter Highlights Strong third quarter results reflecting strength of business fundamentals – Consolidated revenue, excluding Petroleum, increased $48.1M, or 1.8% – Retail gross margin rate, excluding Petroleum, increased 114bps reflecting a positive contribution from all retail banners – D
Slide 5: Consolidated Financial Results
Consolidated Financial Results 1 – Key operating performance measure. Refer to section 9.3.1 in the Q3 2016 MD&A for additional information. 2 – Not meaningful. Excluding the Q3 2015 $0.33 per share gain from the sale of surplus property, diluted EPS increased 6.6 percent, year- over-year, driven by
Slide 6: Retail Segment Results
Retail Segment Results 1 – Key operating performance measure. Refer to section 9.3.1 in the Q3 2016 MD&A for additional information. Income before income taxes decreased $20.0 million, or 11.0 percent, compared to prior year as the prior year included a $29.2 million gain on the sale of surplus prop
Slide 7: CT REIT Segment Results
CT REIT Segment Results Higher income before income taxes primarily due to properties acquired during 2016 and 2015 and an increase of $6.2 million in the fair market value adjustment over the prior year.
Slide 8: Financial Services Segment Results
Financial Services Segment Results Income before income taxes was driven by both revenue and gross margin rate increases year-over-year, offset by increased selling, general and administrative expenses.
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 YTD Q3 YTD Q3 (C$ in millions) Q3 2016 Q3 2015 2016 2015 Adjusted EBITDA1 $ 402.7 $ 415.1 $ 1,055.2 $ 1,044.8 Change in fair value of redeemable financial instrument - - - - EBITDA $ 402.7 $ 415.1 $ 1,055.2 $ 1,044.8 Less: De
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont’d) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue YTD Q3 YTD Q3 (C$ in millions) Q3 2016 Q3 2015 Change 2016 2015 Change Revenue $ 3,128.4 $ 3,126.8 0.1% $ 9,040.0 $ 8,899.4 1.6% Petroleum Revenue 429.6 476.1 (9.8)% 1,209.0
Slide 11: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Download our Investor Relations App Follow us on twitter @CanTireCorp