Crossamerica Partners Lp · NYSE:CAPL

Crossamerica Partners Lp — Merger or Acquisition (May 2019)

9 slides from Crossamerica Partners Lp's merger presentation, May 22, 2019

  1. Slide 1: First Asset Exchange Transaction May 2019

    First Asset Exchange Transaction May 2019 Exhibit 99.2

  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,” “estimates,” “target” and other similar expressions identify

  3. Slide 3: CrossAmerica First Asset Exchange with Circle K

    CrossAmerica First Asset Exchange with Circle K

  4. Slide 4: Original Announcement in December 2018 - Exchange of Assets/Transaction Overview

    Original Announcement in December 2018 - Exchange of Assets/Transaction Overview *Additional details regarding the asset exchange agreement are included in a joint (Couche-Tard and CrossAmerica) press release and Form 8-K filing, both issued on December 17, 2018, and available on the CrossAmerica we

  5. Slide 5: First Exchange - Assets/Transaction Overview

    First Exchange - Assets/Transaction Overview* *Additional details regarding the first asset exchange transaction are included in a joint (Couche-Tard and CrossAmerica) press release and Form 8-K filing, both issued on May 22, 2019, and available on the CrossAmerica website at www.crossamericapartner

  6. Slide 6: Exchange of Assets/Transaction Overview

    Exchange of Assets/Transaction Overview Dealers are being secured to operate the remaining 132 sites while under Circle K ownership and then will be transacted to CrossAmerica There are currently 64 sites with a signed letter of intent (LOI) and 25 of these with signed dealer contracts It is anticip

  7. Slide 7: Exchange of Assets/Transaction Overview: Benefits

    Exchange of Assets/Transaction Overview Benefits include: No external funding required to complete the transactions CAPL generates rental income and controls long-term fuel supply to the sites through fee ownership and ground leases Dealerization process prior to transactions helps streamline integr

  8. Slide 8: Appendix

    c:P Appendix May 2019 CROSSAMERICA PARTNERS LP

  9. Slide 9: Non-GAAP Financial Measures

    Non-GAAP Financial Measures Non-GAAP Financial Measures We use non-GAAP financial measures EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. EBITDA represents net income available to us before deducting interest expense, income taxes and depreciation, amortization and

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