Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2016 Earnings Presentation
11 slides from Canadian Tire's earnings presentation, Aug 4, 2016
Slide 1: Canadian Tire Corporation 2016 Second Quarter Financial Results
Canadian Tire Corporation 2016 Second Quarter Financial Results August 4th, 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 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 Mary Turner, President, Canadian Tire Financial Services Rick White, President,
Slide 4: Second Quarter Highlights
Second Quarter Highlights Strong second quarter results reflecting strength of business fundamentals – Consolidated revenue, excluding Petroleum, increased $126M, or 4.5% – Retail EBITDA increased by 11.2% – Diluted EPS was $2.46, up 14.5% Second quarter same store sales — Canadian Tire up 2.9%
Slide 5: Consolidated Financial Results
Consolidated Financial Results 1 – Key operating performance measure. Refer to section 9.3.1 in the Q2 2016 MD&A for additional information. 2 – Not meaningful. The earnings performance reflects strong revenue growth and gross margin contribution from Canadian Tire, higher sales at FGL Sports and Ma
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. 1 – Key operating performance measure. Refer to section 9.3.1 in the Q2 2016 MD&A for additional information. Higher income before income taxes prima
Slide 7: CT REIT Segment Results
CT REIT Segment Results Higher income before income taxes primarily due to properties acquired during 2016 and 2015; partially offset by a decrease of $1.0 million in the fair market value adjustment over the prior year.
Slide 8: Financial Services Segment Results
Financial Services Segment Results Lower income before income taxes primarily due to a higher cost of producing revenue and increased selling, general and administrative expenses which more than offset a marginal increase in revenue. GAAR increased 0.5 percent driven by increased average account bal
Slide 9: Appendix: Consolidated Adjusted EBITDA and Retail EBITDA
Appendix Consolidated Adjusted EBITDA1 and Retail EBITDA1 Adjusted EBITDA1 YTD Q2 YTD Q2 (C$ in millions) Q2 2016 Q2 2015 2016 2015 Adjusted EBITDA1 $ 404.9 $ 384.4 $ 652.5 $ 629.7 Change in fair value of redeemable financial instrument - - - - EBITDA $ 404.9 $ 384.4 $ 652.5 $ 629.7 Less: Depreciati
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 2016 Q2 2015 Change 2016 2015 Change Revenue $ 3,352.2 $ 3,257.7 2.9% $ 5,911.6 $ 5,772.6 2.4% Petroleum Revenue 432.0 463.5 (6.8)% 779.4 8
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