Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2018 Earnings Presentation
12 slides from Canadian Tire's earnings presentation, May 10, 2018
Slide 1: Canadian Tire Corporation First Quarter Financial Results
Canadian Tire Corporation First Quarter Financial Results| May 10, 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 Mahes Wickramasinghe, Executive Vice President and Chief Corporate Officer Greg Hicks, Pr
Slide 4: First Quarter Highlights
First Quarter Highlights FIRST QUARTER RESULTS REFLECT FIRST QUARTER SAME STORE SALES FIRST QUARTER PERFORMANCE AT INVESTMENTS IN KEY INITITIAVES FOR REFLECT CONTINUED TOPLINE FINANCIAL SERVICES LONG-TERM GROWTH MOMENTUM • Consolidated revenue, excluding • Consolidated up 5.2% • Gross average credit
Slide 5: Consolidated Financial Results
Consolidated Financial Results The consolidated results were impacted by flat earnings in the Financial Services segment and elevated expenses in the retail banners reflecting investments in strategic initiatives. Diluted EPS was $1.18 in the quarter, a decrease of $0.06 per share, or 5.3 percent, w
Slide 6: Retail Segment Results
Retail Segment Results 1 Revenue, gross margin and selling, general and administrative expenses were restated as a result of IFRS 15 adjustments. Refer to Note 2 of the Q1 condensed interim consolidated financial statements for additional information. 2 Retail sales is a key operating performance me
Slide 7: CT REIT Segment Results
CT REIT Segment Results Income before income taxes decreased by $2.8 million, or 3.7 percent, primarily due to a decrease in the fair market value gain and an increase in interest expense which offset an increase in earnings attributable to the income generated from properties acquired and intensifi
Slide 8: Financial Services Segment Results
Financial Services Segment Results Income before income taxes of $97.1 million decreased $0.5 million, or 0.6 percent, primarily due to increased write-offs and incremental allowance and an increase in selling, general and administrative expenses, which offset strong revenue growth of 8.6 percent du
Slide 9: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA Retail Segment EBITDA 1 Includes $1.7 million reported in cost of producing revenue in the quarter (2017 - $1.7 million). FIRST QUARTER FINANCIAL RESULTS | EBITDA 9
Slide 10: Consolidated and Retail Revenue Excluding Petroleum Revenue
Appendix (cont'd) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions) Q1 2018 Q1 2017 Change Revenue $ 2,814.9 $ 2,721.4 3.4% Petroleum Revenue 459.7 408.6 12.5% Revenue (excluding Petroleum) $ 2,355.2 $ 2,312.8 1.8% Retail Re
Slide 11: For more information
For more information: http://investors.canadiantire.ca FIRST QUARTER FINANCIAL RESULTS | QUESTIONS & ANSWERS 11
Slide 12: Thank You
Thank You