Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2017 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Aug 10, 2017
Slide 1: Canadian Tire Corporation 2017 Second Quarter Financial Results
Canadian Tire Corporation 2017 Second Quarter Financial Results August 10th, 2017
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 are provided for the purposes of providing information
Slide 3: Executive Participants
Executive Participants Stephen Wetmore, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, President, Canadian Tire Duncan Fulton, President, FGL Sports Gregory Craig, President, Canadian Tire Financial Services Rick White, Presiden
Slide 4: Second Quarter Highlights
Second Quarter Highlights Strong second quarter results continue to demonstrate our operational strengths – Consolidated revenue, excluding Petroleum, increased $34.0M, or 1.2% – Retail EBITDA increased by 5.6% – Second quarter diluted EPS was $2.81, up 14.1% Second quarter same store sales — Co
Slide 5: Consolidated Financial Results
Consolidated Financial Results YTD YTD (C$ in millions, except where noted) Q2 2017 Q2 2016 Change Q2 2017 Q2 2016 Change 1 Retail sales $ 4,103.1 $ 3,983.3 3.0 % $ 6,680.3 $ 6,465.5 3.3 % Revenue $ 3,413.5 $ 3,352.2 1.8 % $ 6,167.0 $ 5,911.6 4.3 % Second quarter earnings performance Gross margin do
Slide 6: Retail Segment Results
Retail Segment Results YTD YTD (C$ in millions) Q2 2017 Q2 2016 Change Q2 2017 Q2 2016 Change 1 Retail sales $ 4,103.1 $ 3,983.3 3.0 % $ 6,680.3 $ 6,465.5 3.3 % Revenue $ 3,091.8 $ 3,043.8 1.6 % $ 5,537.3 $ 5,297.9 4.5 % Gross margin dollars $ 927.3 $ 900.4 3.0 % $ 1,687.9 $ 1,615.8 4.5 % Gross marg
Slide 7: CT REIT Segment Results
CT REIT Segment Results YTD YTD (C$ in millions) Q2 2017 Q2 2016 Change Q2 2017 Q2 2016 Change Property revenue $ 111.6 $ 101.5 10.0 % $ 222.7 $ 200.0 11.4% Property expense 25.7 24.2 6.4 % 51.9 47.7 8.8% General and administrative expense 2.4 2.5 (2.8)% 6.1 5.9 4.7% Net finance costs 23.8 22.7 4.9
Slide 8: Financial Services Segment Results
Financial Services Segment Results YTD YTD (C$ in millions) Q2 2017 Q2 2016 Change Q2 2017 Q2 2016 Change Revenue $ 288.3 $ 277.8 3.8 % $ 569.3 $ 559.3 1.8 % Gross margin dollars 176.3 166.4 6.0 % 348.5 328.5 6.1 % Gross margin (% of revenue) 61.2% 59.9% 126 bps 61.2% 58.7% 248 bps Other expense (in
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Consolidated 1 Adjusted EBITDA YTD Q2 YTD Q2 (C$ in millions) Q2 2017 Q2 2016 2017 2016 Adjusted EBITDA1 $ 433.2 $ 404.9 $ 717.6 $ 652.5 Change in fair value of redeemable financial instrument - - - - EBITDA $ 433.2 $ 404.9 $ 717.6 $ 652.5 Le
Slide 10: Appendix (cont'd): Revenue Excluding Petroleum Revenue
Appendix (cont’d) Consolidated and Retail Revenue Excluding Petroleum Revenue Consolidated Revenue excluding Petroleum Revenue YTD Q2 YTD Q2 (C$ in millions) Q2 2017 Q2 2016 Change 2017 2016 Change Revenue $ 3,413.5 $ 3,352.2 1.8% $ 6,167.0 $ 5,911.6 4.3% Petroleum Revenue 459.3 432.0 6.3% 869.1 779
Slide 11: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480-8725 Download our Investor Relations App Follow us on twitter @CanTireCorp