Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2013 Earnings Presentation
10 slides from Canadian Tire's earnings presentation, Aug 8, 2013
Slide 1: 2013 Second Quarter Financial Results
Canadian Tire Corporation 2013 Second Quarter Financial Results August 8, 2013
Slide 2: Forward looking information
Forward looking information This document contains forward-looking information that reflects management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are presented for the purposes of providing informat
Slide 3: Executive participants
Executive participants Stephen Wetmore, President and CEO Dean McCann, Chief Financial Officer and EVP, Finance Allan MacDonald, Chief Operating Officer, Canadian Tire Retail Harry Taylor, Chief Operating Officer, Mark’s Michael Medline, President, FGL Sports and Mark’s and EVP, CTC Mary
Slide 4: Second quarter highlights
Second quarter highlights Solid earnings growth – Increased revenue and strong margin performance in Retail and Financial Services segments – OPEX (excluding depreciation & amortization) up 4.1% due to planned investment in marketing and advertising and other expenses related to key strategic init
Slide 5: Consolidated financial results
Consolidated financial results* YTD YTD (C$ in millions, except where noted) Q2 2013 Q2 2012 Change Q2 2013 Q2 2012 Change 1 Retail sales $ 3,557.5 $ 3,483.4 2.1% $ 5,993.0 $ 5,898.6 1.6% Revenue $ 3,021.1 $ 2,991.2 1.0% $ 5,500.9 $ 5,430.7 1.3% Gross margin dollars $ 944.0 $ 895.5 5.4% $ 1,710.7 $
Slide 6: Retail segment financial results
Retail segment financial results* YTD YTD (C$ in millions) Q2 2013 Q2 2012 Change Q2 2013 Q2 2012 Change 1 Retail sales $ 3,557.5 $ 3,483.4 2.1% $ 5,993.0 $ 5,898.6 1.6% Revenue $ 2,749.6 $ 2,731.6 0.7% $ 4,966.5 $ 4,915.7 1.0% Gross margin dollars $ 758.2 $ 727.6 4.2% $ 1,357.7 $ 1,318.6 3.0% Gross
Slide 7: Financial Services segment results
Financial Services segment results* YTD YTD (C$ in millions) Q2 2013 Q2 2012 Change Q2 2013 Q2 2012 Change Revenue $ 254.2 $ 242.5 4.8% $ 504.2 $ 484.2 4.1% Gross margin dollars 158.3 136.1 16.4% 298.1 266.3 12.0% Gross margin (% of revenue) 62.3% 56.1% 620bps 59.1% 55.0% 414bps Other (expense) inco
Slide 8: Canadian Tire REIT key messages and update
Canadian Tire REIT key messages and update Key messages: − Surface the value of Canadian Tire’s real estate holdings − Stand-alone vehicle for Canadian Tire’s real estate which will support continued real estate investment − Increased financial flexibility to pursue new opportunities to invest in
Slide 9: Financial Services announcement
Financial Services announcement Canadian Tire intends to seek a financial partner for its credit card portfolio − Arrangement would increase financial flexibility and allow Canadian Tire to: Reduce the risks associated with financing its receivables portfolio Release cash tied up in capital as
Slide 10: Questions and Answers
Questions and Answers For more information http://investors.canadiantire.ca lisa.greatrix@cantire.com or (416) 480‐8725 Follow us on twitter @CTCShares