Crossamerica Partners Lp · NYSE:CAPL
Crossamerica Partners Lp — Q3 2024 Earnings Presentation
10 slides from Crossamerica Partners Lp's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Earnings Call
Third Quarter 2024 Earnings Call November 2024
Slide 2: Forward Looking Statement
Third Quarter 2024 Earnings Call November 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”,
Slide 3: CrossAmerica Business Overview
CrossAmerica Business Overview Charles Nifong, CEO & President 3
Slide 4: Third Quarter Operations
Third Quarter 2024 Earnings Call November 2024 Third Quarter Operations Three Months ended Sept 30, OPERATING RESULTS (in thousands, except for margin per gallon and 2024 2023 % Change merchandise gross margin percentage) Retail Segment: Gross Profit $83,587 $67,588 24% Operating Income $31,363 $26,
Slide 5: CrossAmerica Financial Overview
CrossAmerica Financial Overview Maura Topper, Chief Financial Officer 5
Slide 6: Third Quarter Results Summary
Third Quarter 2024 Earnings Call November 2024 Third Quarter Results Summary OPERATING RESULTS Three Months ended Sept 30, (in thousands, except for % distributions per unit and coverage) 2024 2023 Change Net Income $10,708 $12,292 (13%) Adjusted EBITDA $43,938 $44,209 (1%) Distributable Cash Flow $
Slide 7: Capital Strength
Third Quarter 2024 Earnings Call November 2024 Capital Strength • Capital Expenditures – Third quarter 2024 capital expenditures of $7.7 million – $5.1M growth capex; $2.6M sustaining capex – Growth capital expenditures included investment in our newly converted company operated sites and brand-supp
Slide 8: Appendix
Appendix Third Quarter 2024 Earnings Call 8
Slide 9: Non-GAAP Financial Measures
Third Quarter 2024 Earnings Call November 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
Slide 10: Non-GAAP Reconciliation
Third Quarter 2024 Earnings Call November 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
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