Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q4 2017 Earnings Presentation
12 slides from Canadian Tire's earnings presentation, Feb 15, 2018
Slide 1: Canadian Tire Corporation Fourth Quarter Financial Results
Canadian Tire Corporation Fourth Quarter Financial Results| February 15th, 2018
Slide 2: Forward Looking Information
Forward Looking Information Caution regarding forward-looking statements This document contains forward-looking statements that reflect Management’s current expectations relating to matters such as future financial performance and operating results of the Company. Forward-looking statements provide
Slide 3: Executive Participants
Executive Participants Stephen Wetmore, President and CEO, Canadian Tire Corporation Dean McCann, Executive Vice President and Chief Financial Officer Allan MacDonald, Executive Vice President, Retail Greg Hicks, President, Canadian Tire Retail TJ Flood, President, FGL Gregory Craig, Pre
Slide 4: Fourth Quarter Highlights
Fourth Quarter Highlights STRONG FOURTH QUARTER RESULTS FOURTH QUARTER SAME STORE SALES SOLID FOURTH QUARTER PERFORMANCE CONTINUE TO DEMONSTRATE OUR AT FINANCIAL SERVICES OPERATIONAL STRENGTHS • Consolidated revenue, excluding • Consolidated up 3.9% • Gross average credit card receivable Petroleum,
Slide 5: Consolidated Financial Results
Consolidated Financial Results Fourth quarter EPS performance reflects strong revenue growth in the Retail segment, driven by an increase in retail sales, and in the Financial Services segments driven by GAAR growth as well as the favourable impact of share repurchases. These increases were partiall
Slide 6: Retail Segment Results
Retail Segment Results 1 – Retail sales is a key operating performance measure. Refer to section 11.3.1 in the 2017 MD&A for additional information. Strong fourth quarter retail sales growth across all Retail banners drove revenue and gross margin dollars increases compared to the same period in the
Slide 7: CT REIT Segment Results
CT REIT Segment Results Fourth quarter income before income taxes increased by $31.6 million, or 48.3 percent, primarily due to an increase of $27.9 million in the fair market value gain primarily related to the CTC distribution centres in Bolton, Ontario, and Montreal, Quebec. The increase in earni
Slide 8: Financial Services Segment Results
Financial Services Segment Results Higher fourth quarter income before income taxes is primarily due to an increase in revenue, which was partially offset by higher net impairment expense and increased selling, general and administrative expenses. GAAR increased 8.1 percent driven by higher number o
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 (C$ in millions) Q4 2017 Q4 2016 2017 2016 Adjusted EBITDA1 $ 558.5 $ 506.6 $ 1,693.8 $ 1,561.8 Change in fair value of redeemable financial instrument - - - - EBITDA $ 558.5 $ 506.6 $ 1,693.8 $ 1,561.8 Less: Depreciation and
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont'd) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions) Q4 2017 Q4 2016 Change 2017 2016 Change Revenue $ 3,964.0 $ 3,641.0 8.9% $ 13,434.9 $ 12,681.0 5.9% Petroleum Revenue 478.9 425.7 12.5% 1,825.2 1,634.7 11.7
Slide 11: Questions and Answers
Questions and Answers For more information: http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 FOURTH QUARTER FINANCIAL RESULTS | QUESTIONS & ANSWERS 11
Slide 12: Thank You
Thank You