Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q3 2017 Earnings Presentation
12 slides from Crossamerica Partners Lp's earnings presentation, Nov 8, 2017
Slide 1: Third Quarter 2017 Earnings Call
November 2017 Third Quarter 2017 Earnings Call Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor 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 forw
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Jeremy Bergeron, President & CEO
Slide 4: CrossAmerica Partners LP Overview
CrossAmerica Partners LP Overview Master limited partnership and leading wholesale fuels distributor, convenience store lessor, and c-store operator Distributes annually over 1 billion gallons of fuel Annual gross rental income of over $80 million Operates 71 retail sites 17.5% equity interest in CS
Slide 5: Third Quarter Operating Results
Third Quarter Operating Results OPERATING RESULTS (in thousands, except for per gallon and site count) Three Months ended Sept 30, 2017 2016 % Change Total Motor Fuel Distribution Sites (period avg.) 1,167 1,115 5% Total Volume of Gallons Distributed 266,189 267,121 0% Wholesale Fuel Margin per Gall
Slide 6: Third Quarter 2017 Highlights
Third Quarter 2017 Highlights Adjusted EBITDA(1) Increased Adjusted EBITDA 7% from Third Quarter 2016 to Third Quarter 2017 Strengthening the Balance Sheet Leverage, as defined under our credit facility, was 4.03X as of September 30, 2017 Paid down revolving credit facility with proceeds of $23 mill
Slide 7: CrossAmerica Financial Overview
CrossAmerica Financial Overview Evan Smith, Chief Financial Officer
Slide 8: Third Quarter Results Summary
Third Quarter Results Summary(1) (in millions, except for per unit amounts) KEY METRICS Three Months ended Sept 30, 2017 2016 % Change Gross Profit $41.6 $39.1 6% Adjusted EBITDA $29.0 $27.1 7% Distributable Cash Flow $21.5 $21.3 1% Weighted Avg. Diluted Units 33.9 33.4 2% Distribution Paid per LP U
Slide 9: Executing with Measured Growth
Executing with Measured Growth Declared distribution attributable to third quarter of $0.6275 per unit 0.5 cent per unit increase over distributions attributable to second quarter 2017 14 consecutive quarters of distribution growth Ended 3Q17 with leverage ratio of 4.03x, as defined under our credit
Slide 10: Appendix Third Quarter 2017 Earnings Call
Appendix Third Quarter 2017 Earnings Call
Slide 11: 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
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income, the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for per unit amounts): (a)As approved by the i
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