Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q1 2016 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, May 12, 2016
Slide 1: Canadian Tire Corporation 2016 First Quarter Financial Results
Canadian Tire Corporation 2016 First Quarter Financial Results May 12th, 2016
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 Michael Medline, President and CEO, Canadian Tire Corporation Dean McCann, Chief Financial Officer and EVP Allan MacDonald, President, Canadian Tire Duncan Fulton, President, FGL Sports Mary Turner, President, CTFS Rick White, President, Mark’s
Slide 4: First Quarter Highlights
First Quarter Highlights Strong first quarter results reflecting strength of business fundamentals – Consolidated revenue, excluding Petroleum, increased $91.9M, or 4.3% – Retail EBITDA increased by 8.8% – First quarter diluted EPS was $0.90, up 2.6% First quarter same store sales — Canadian Tir
Slide 5: Consolidated Financial Results
Consolidated Financial Results The earnings performance reflects strong revenue growth and gross margin contribution from Canadian Tire and higher sales at FGL Sports; partially offset by a reduction in gross margin contribution from Mark’s and Financial Services and an increase in selling, general
Slide 6: Retail Segment Results
Retail Segment Results 1 – Retail sales is a key operating performance measure. Refer to section 9.3.1 in the Q1 2016 MD&A for additional information. Higher income before income taxes primarily attributable to an increase in revenues at Canadian Tire, FGL Sports and Mark’s and increased gross margi
Slide 7: CT REIT Segment Results
CT REIT Segment Results Higher income before income taxes, primarily due to properties acquired during 2016 and 2015 and an increase of $3.3 million in the fair market value adjustment over the prior year.
Slide 8: Financial Services Segment Results
Financial Services Segment Results Lower income before income taxes primarily due to lower revenue and a higher cost of producing revenue. In addition, GAAR decreased 0.6 percent driven by a reduction in active accounts as a result of the conservative approach to new account acquisition taken in 201
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 (C$ in millions) Q1 2016 Q1 2015 1 Adjusted EBITDA $ 247.6 $ 245.3 Change in fair value of redeemable financial instrument - - EBITDA $ 247.6 $ 245.3 Less: Depreciation and amortization2 107.9 97.4 Net finance costs 20.9 23.6
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) Q1 2016 Q1 2015 Change Revenue $ 2,559.4 $ 2,514.9 1.8% Petroleum Revenue 347.4 394.8 (12.0)% Revenue (excluding Petroleum) $ 2,212.0 $ 2,120.1 4.3% Retail
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