Crossamerica Partners Lp · NYSE:CAPL

Crossamerica Partners Lp — Q1 2024 Earnings Presentation

10 slides from Crossamerica Partners Lp's earnings presentation, May 9, 2024

  1. Slide 1: First Quarter 2024 Earnings Call

    First Quarter 2024 Earnings Call May 2024

  2. Slide 2: Forward Looking Statement

    First Quarter 2024 Earnings Call May 2024 Forward Looking Statement Statements contained in this presentation that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “anticipates”, “est

  3. Slide 3: CrossAmerica Business Overview

    CrossAmerica Business Overview Charles Nifong, CEO & President 3

  4. Slide 4: First Quarter Operations

    First Quarter 2024 Earnings Call May 2024 First Quarter Operations Three Months ended March 31, OPERATING RESULTS (in thousands, except for margin per gallon and 2024 2023 % Change merchandise gross margin percentage) Wholesale Segment: Gross Profit $26,962 $31,210 (14%) Motor Fuel Gross Profit $14,

  5. Slide 5: CrossAmerica Financial Overview

    CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 5

  6. Slide 6: First Quarter Results Summary

    First Quarter 2024 Earnings Call May 2024 First Quarter Results Summary OPERATING RESULTS Three Months ended March 31, (in thousands, except for % distributions per unit and coverage) 2024 2023 Change Net Income ($17,540) ($979) N/A Adjusted EBITDA $23,568 $31,738 (26%) Distributable Cash Flow $11,7

  7. Slide 7: Capital Strength

    First Quarter 2024 Earnings Call May 2024 Capital Strength • Capital Expenditures – First quarter 2023 capital expenditures of $6.1 million with $4.5 million of growth capex – Growth capital expenditures included investment in our newly converted company operated sites and dispensers at certain loca

  8. Slide 8: Appendix

    Appendix First Quarter 2024 Earnings Call 8

  9. Slide 9: Non-GAAP Financial Measures

    First Quarter 2024 Earnings Call May 2024 Non-GAAP Financial Measures Non-GAAP Financial Measures We use the non-GAAP financial measures EBITDA, Adjusted EBITDA, Distributable Cash Flow and Distribution Coverage Ratio. EBITDA represents net income before deducting interest expense, income taxes and

  10. Slide 10: Non-GAAP Reconciliation

    First Quarter 2024 Earnings Call May 2024 Non-GAAP Reconciliation The following table presents reconciliations of EBITDA, Adjusted EBITDA, and Distributable Cash Flow to net income, the most directly comparable U.S. GAAP financial measure, for each of the periods indicated (in thousands, except for

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