Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2019 Earnings Presentation
15 slides from Canadian Tire's earnings presentation, May 9, 2019
Slide 1: Canadian Tire Corporation First Quarter Financial Results
Canadian Tire Corporation First Quarter Financial Results| May 9, 2019
Slide 2: Forward Looking Information
Forward Looking Information This document contains forward-looking statements that reflect management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements provide information about Management’s current expecta
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 STRONG TOPLINE GROWTH ACROSS ALL COMPARABLE SALES PERFORMANCE AT FINANCIAL SERVICES BUSINESSES • Consolidated retail sales increased $91.2 • Consolidated comparable sales • Financial Services GAAR growth up million or 3.3% in the first quarter. up 6.1% in the first quarter 9
Slide 5: Consolidated Financial Results
Consolidated Financial Results In Q1, consolidated revenue increased $79.5 million, or 2.8%. Excluding Petroleum, consolidated revenue increased $128.0 million, or 5.4% in the quarter. Diluted EPS in the quarter was $1.12, a decrease of $0.06 per share or 4.8%, impacted by: • Lower revenue at Canadi
Slide 6: Retail Segment Results
Retail Segment Results 1 Key operating performance measures. Refer to section 8.3.1 of the Q1 2019 MD&A for additional information. 2 Not meaningful. In Q1, consolidated retail sales increased $91.2 million or 3.3% in the first quarter. Excluding Petroleum, consolidated retail sales were up 6.3% ove
Slide 7: CT REIT Segment Results
CT REIT Segment Results Income before income taxes decreased $1.1 million, or 1.5% primarily due to a decrease in the fair value gain on investment properties and an increase in interest expense, partially offset by an increase in earnings attributable to the income generated from properties acquire
Slide 8: Financial Services Segment Results
Financial Services Segment Results 1 Not meaningful. Income before income taxes increased $15.3 million, or 15.8%, primarily driven by strong revenue growth due to GAAR growth of 9.3%, partially offset by an increase in cost of producing revenue. The continued strong growth in the average number of
Slide 9: Appendix: Canadian Tire Retail Sales versus Revenue Growth
Appendix: Canadian Tire Retail Sales versus Revenue Growth1 2018 6.0% 4.2% 2.3% 2.4% 1.5% 0.8% 0.6% 0.0% 10.5% 9.7% 5.3% 4.8% 2017 3.8% 2.0% 2.2% -0.5% 9.6% 9.3% 4.5% 4.9% 4.2% 2016 3.4% 2.2% 1.2% 1 Figures sourced from 2018, 2017 and 2016 Quarterly MD&A’s . Not all figures have been restated for IF
Slide 10: Appendix (cont'd): Consolidated EBITDA
Appendix(cont'd) Consolidated EBITDA 1 Includes $2.0 million reported in cost of producing revenue in the quarter (2018 - $1.7 million) FIRST QUARTER FINANCIAL RESULTS | Consolidated EBITDA 10
Slide 11: Appendix (cont'd): Retail Segment EBITDA
Appendix (cont'd) Retail Segment EBITDA 1 Includes $2.0 million reported in cost of producing revenue in the quarter (2018 - $1.7 million) FIRST QUARTER FINANCIAL RESULTS | RETAIL SEGMENT EBITDA 11
Slide 12: Appendix (cont'd): Reconciliation of Helly Hansen's EBITDA to IBT
Appendix (cont'd) Reconciliation of Helly Hansen’s EBITDA to IBT FIRST QUARTER FINANCIAL RESULTS | HELLY HANSEN EBITDA 12
Slide 13: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont'd) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue (C$ in millions) Q1 2019 Q1 2018 Change Revenue $ 2,894.4 $ 2,814.9 2.8% Petroleum Revenue 411.2 459.7 (10.6)% Revenue (excluding Petroleum) $ 2,483.2 $ 2,355.2 5.4% Retail
Slide 14: For more information
For more information: http://investors.canadiantire.ca FIRST QUARTER FINANCIAL RESULTS | CONTACT US 14
Slide 15: Thank You
Thank You