Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2014 Earnings Presentation
10 slides from Canadian Tire's earnings presentation, May 8, 2014
Slide 1: Canadian Tire Corporation 2014 First Quarter Financial Results
Canadian Tire Corporation 2014 First Quarter Financial Results May 8, 2014
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, Chief Executive Officer Michael Medline, President, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, Chief Operating Officer, Canadian Tire Chad McKinnon, Chief Operating Officer, FGL Sports Rick White, Chief
Slide 4: First Quarter Highlights
First Quarter Highlights Q1 typically smallest quarter reflecting approximately 10% of full year earnings Solid results despite late arrival of Spring selling season – Consolidated revenue up 3.8% to $2.6 billion – First quarter same store sales were down 0.5% at Canadian Tire, up 6.4% at FGL Sp
Slide 5: Consolidated financial results
Consolidated financial results (C$ in millions, except where noted) Q1 2014 Q1 2013 Change Retail sales1 $ 2,460.5 $ 2,431.2 1.2% Revenue $ 2,573.1 $ 2,479.8 3.8% Gross margin dollars $ 835.3 $ 766.7 8.9% Gross margin (% of revenue) 32.5% 30.9% 154bps Selling, general and administrative expenses (ex
Slide 6: Retail segment financial results
Retail segment financial results (C$ in millions) Q1 2014 Q1 2013 Change Retail sales1 $ 2,460.5 $ 2,431.2 1.2% Revenue $ 2,293.1 $ 2,216.9 3.4% Gross margin dollars $ 656.3 $ 599.5 9.5% Gross margin (% of revenue) 28.6% 27.0% 158bps Selling, general and administrative expenses (excluding depreciati
Slide 7: CT REIT segment results
CT REIT segment results Financial (C$ in millions) Q1 2014 forecast Variance Property revenue $ 82.7 $ 83.2 (0.5) Property expense (17.9) (18.8) 0.9 General and administrative expense (1.9) (2.0) 0.1 Interest income 0.2 - 0.2 Interest and other financing charges (20.4) (20.1) (0.3) Fair value adjust
Slide 8: Financial Services segment results
Financial Services segment results (C$ in millions) Q1 2014 Q1 2013 Change Revenue $ 264.6 $ 250.0 5.8% Gross margin dollars 150.4 139.8 7.6% Gross margin (% of revenue) 56.8% 55.9% 93bps Other (expense) income (0.2) 0.2 (226.7)% Selling, general and administrative expenses 70.0 62.9 11.3% Net finan
Slide 9: Updates
Updates Financial Services Transaction • Canadian Tire Corporation and Scotiabank announce a strategic partnership agreement – Scotiabank to acquire a 20% equity interest in CTC’s financial services business for $500 million in cash – CTC has an option to sell an additional 29% of the financial serv
Slide 10: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Follow us on twitter @CTCShares