Chemtrade Logistics Income Fund · TSX:CHE.UN
Chemtrade Logistics Income Fund — Corporate Update (January 2025)
18 slides from Chemtrade Logistics Income Fund's corporate update, Jan 10, 2025
Slide 1: 2025 Guidance
RESPONSIBLE CARE® OUR COMMITMENT TO SUSTAINABILITY 2025 Chemtrade Logistics Income Fund (TSX: CHE.UN) January 10, 2025 GUIDANCE
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION Certain statements contained in this presentation constitute forward-looking statements within the meaning of certain securities laws, including the Securities Act (Ontario). Forward- REGARDING looking statements can be generally identified by the use of words such as “anticipate”, “continue
Slide 3: 2025 Guidance
TSX: CHE.UN 2025 Guidance Adjusted EBITDA (C$ millions) ▪ Chemtrade expects 2025 Adjusted EBITDA to $445.0 $430.0- - $460 $460.0 be between $430.0 million and $460.0 million. ▪ 2025 will be Chemtrade’s third highest ever annual Adjusted EBITDA, if mid-point of 2025 guidance is achieved. $502.6 $430.
Slide 4: 2025 Guidance
TSX: CHE.UN 2025 Guidance 2025 2024 2023 Nine months ended Actual C$ millions Guidance Guidance Actual Sept. 30, 2024 Sept. 30, 2023 Adjusted EBITDA (1) $430.0 - 460.0 $445.0 - 460.0 $502.6 $362.3 $418.0 Maintenance Capital Expenditures (1) $100.0 - $120.0 $100.0 - $110.0 $104.2 $68.4 $60.6 Growth C
Slide 5: 2025 Key Sensitivities: Annual Impact on Adjusted EBITDA
TSX: CHE.UN Key Sensitivities: Annual Impact on Adjusted EBITDA Caustic Soda Price ▪ Change of US$50/DMT = C$13.8 million Sodium Chlorate Price ▪ Change of CA$50/metric tonne = C$12.5 million C$/US$ exchange rate ▪ Change of 1 cent = C$4.0 million (favourable if C$ weakens) 5 2025 Guidance 2025 Key
Slide 6: Appendix
APPENDIX 6 2025 Guidance 2025 Key Sensitivities Appendix
Slide 7: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios Non-IFRS financial measures are financial measures disclosed by an entity that (a) depict historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to their composition, exclude amounts that
Slide 8: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios Distributable cash after maintenance capital expenditures Most directly comparable IFRS financial measure: Cash flows from operating activities Definition: Distributable cash after maintenance capital expenditures is calculated as cash flow from ope
Slide 9: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios Payout ratio Definition: Payout ratio is calculated as Distributions declared per unit divided by Distributable cash after maintenance capital expenditures per unit. Why we use the measure and why it is useful to investors: It provides useful inform
Slide 10: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios For the nine months ended C$ millions, except per unit metrics and ratios September 30, 20243 September 30, 20233 Cash flow from operating activities $ 143,244 $ 129,166 Add (Less): Lease payments net of sub-lease receipts (16,430) (14,435) Increase
Slide 11: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios C$ millions, except per unit metrics and For the twelve months ended ratios Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 LTM Cash flow from operating activities $345.3 $332.3 $ 349.5 $ 401.5 $ 407.5 $ 421.8 $ 386.4 $ 369.2
Slide 12: Non-IFRS Financial Measures and Ratios
TSX: CHE.UN Non-IFRS Financial Measures and Ratios Growth capital expenditures Most directly comparable IFRS financial measure: Capital expenditures Definition: Growth capital expenditures are calculated as Capital expenditures less Maintenance Capital expenditures, plus Investments in a joint ventu
Slide 13: Total of Segments Measures
TSX: CHE.UN Total of Segments Measures Total of segments measures are financial measures disclosed by an entity that (a) are a subtotal of two or more reportable segments, (b) are not a component of a line item disclosed in the primary financial statements of the entity, (c) are disclosed in the not
Slide 14: Total of Segments Measures
TSX: CHE.UN Total of Segments Measures Adjusted EBITDA Most directly comparable IFRS financial measure: Net earnings (loss) Nine months ended C$ thousands September 30 2024 2023 Net earnings $ 116,634 $ 237,642 Add (Less): Depreciation and amortization 138,616 160,067 Net finance (income) 61,059 (9,
Slide 15: Total of Segments Measures
TSX: CHE.UN Total of Segments Measures Adjusted EBITDA Most directly comparable IFRS financial measure: Net earnings (loss) Twelve Months Ended C$ millions Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Net earnings (loss) $ 128.3 $ 139.0 $ 211.7 $ 249.3 $ 225.9 $ 230.5 $ 17
Slide 16: Total of Segments Measures
TSX: CHE.UN Total of Segments Measures Adjusted EBITDA Most directly comparable IFRS financial measure: Net earnings (loss) Adjusted EBITDA for the year ended December 31 C$ millions 2023 2022 2021 2020 2019 Net earnings (loss) $ 249.3 $ 109.1 $ (235.2) $ (167.5) $ (99.7) Add (Less): Depreciation an
Slide 17: Supplementary Financial Measures
TSX: CHE.UN Supplementary Financial Measures Supplementary financial measures are financial measures disclosed by an entity that (a) are, or are intended to be, disclosed on a periodic basis to depict the historical or expected future financial performance, financial position or cash flow of an enti
Slide 18: Supplementary Financial Measures
TSX: CHE.UN Supplementary Financial Measures Cash interest Represents interest expense related to long-term debt, interest on Debentures, pension interest expense and interest income. Cash tax Represents current income tax expense. 18 2025 Guidance 2025 Key Sensitivities Appendix
Chemtrade Logistics Income Fund — Corporate Update (January 2025) on 6ix