Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2022 Earnings Presentation
12 slides from Canadian Tire's earnings presentation, Aug 11, 2022
Slide 1: Canadian Tire Corporation Second Quarter 2022 Financial Results
Canadian Tire Corporation Second Quarter 2022 Financial Results
Slide 2: Forward Looking Information
Forward Looking Information This document contains forward-looking information that reflects Management’s current expectations relating to matters such as future financial performance and operating results of the Company. Forward-looking information provides insights regarding Management’s current e
Slide 3: Executive Participants
Executive Participants Greg Hicks Gregory Craig TJ Flood President & Executive Vice President & President, Chief Executive Officer, Chief Financial Officer, Canadian Tire Retail Canadian Tire Corporation Canadian Tire Corporation SECOND QUARTER 2022 FINANCIAL RESULTS | HIGHLIGHTS 3
Slide 4: Q2 2022 Highlights
Q2 2022 Highlights Consolidated retail sales1 were up 9.9% and consolidated comparable sales1 (excluding Petroleum) were up 5.0%, with growth benefiting from the breadth of our assortment and a higher mix of in-store shopping compared to the second quarter of 2021 when COVID-19 restrictions remained
Slide 5: Q2 2022 Highlights
Q2 2022 Highlights Shareholders continued to benefit from strong returns, a key element of the Company’s balanced capital allocation strategy o As at July 2, 2022, returns to shareholders under the Company’s existing $400 million share repurchase commitment reached $326.9 million o Dividends paid in
Slide 6: Consolidated Financial Results
Consolidated Financial Results Q2 2022 • Diluted EPS was $2.43, down $1.21 per share, or 33.2%, compared to the prior year. 1 For further information about these measures see section 9.2 of the Company’s Q2 2022 MD&A. 2 Not meaningful. SECOND QUARTER 2022 FINANCIAL RESULTS | CONSOLIDATED RESULTS 6
Slide 7: Normalizing Items
Normalizing Items • The results of operations in the second quarter of 2022 included $9.7 million in consulting and ongoing project costs relating to the Company’s Operational Efficiency program which were considered as normalizing items. • These costs are included in selling, general and administra
Slide 8: Selected Q2 2022 Normalized Metrics: Consolidated
Selected Q2 2022 Normalized Metrics: Consolidated 1 Refer to Normalizing Items table in section 4.1.1 of the Company’s Q2 2022 MD&A. 2 These normalized measures (excluding revenue and net finance costs) are non-GAAP financial measures or non-GAAP ratios with no standardized meaning under IFRS and th
Slide 9: Retail Segment Financial Results
Retail Segment Financial Results 1 For further information about this measure see section 9.2 of the Company’s Q2 2022 MD&A. SECOND QUARTER 2022 FINANCIAL RESULTS | RETAIL RESULTS 9
Slide 10: Selected Q2 2022 Normalized Metrics: Retail
Selected Q2 2022 Normalized Metrics: Retail 1 Refer to section 4.1.1 of the Company’s Q2 2022 MD&A for a description of normalizing items. 2 For further information and a detailed reconciliation see section 9.1 of the Company’s Q2 2022 MD&A. 3 Change is between normalized results, if any. 4 For furt
Slide 11: Financial Services Results
Financial Services Results 1 For further information about this measure see section 9.2 of the Company’s Q2 2022 MD&A. 2 Not meaningful. SECOND QUARTER 2022 FINANCIAL RESULTS | FINANCIAL SERVICES RESULTS 11
Slide 12: Thank You
Thank You For more information: http://investors.canadiantire.ca