Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q3 2021 Earnings Presentation
11 slides from Crossamerica Partners Lp's earnings presentation, Nov 9, 2021
Slide 1: Third Quarter 2021 Earnings Call
November 2021 Third Quarter 2021 Earnings Call Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements 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,” “anticipates,” “estimates,” “target” and other similar expre
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President 3
Slide 4: Third Quarter Operations
Third Quarter Operations Motor Fuel Gross Profit from the Wholesale Segment increased 11% $34.1 million in 3Q21 versus $30.7 million in 3Q20 Driven by both volume and fuel margin increases Overall Gross Profit for the Wholesale Segment increased 13% ($48.2 million for 3Q21 versus $42.8 million for 3
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 5
Slide 6: Third Quarter Results Summary
Third Quarter Results Summary 6 Note: See the reconciliation of EBITDA, Adjusted EBITDA and Distributable Cash Flow (or “DCF”) to net income and the definitions of EBITDA, Adjusted EBITDA and DCF in the appendix of this presentation.
Slide 7: Capital Strength
Capital Strength Maintain Distribution Rate Distributable Cash Flow of $30.4 million for the three-month period ended September 30, 2021 Distribution rate of $0.5250 per unit ($2.10 per unit annualized) attributable to the third quarter of 2021 TTM coverage ratio was 1.22 times for the period ending
Slide 8: Credit Facilities and Leverage
Credit Facilities and Leverage Two credit facilities: New JKM Credit Facility Existing CAPL Credit Facility Financial leverage going forward 7-Eleven acquired assets 8 Note: Additional details regarding the JKM Credit Facility and Amendment to the CAPL Credit Agreement are provided in the Second and
Slide 9: Appendix
Appendix Third Quarter 2021 Earnings Call 9
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures 10 We use the 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 accretion, which inc
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation 11 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): CrossAmerica recorde
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