Investor Presentaiton
Q1 2021 Results Continued
•
Canadian Operations Results
For the ninth consecutive quarter, we outperformed the Canadian market as same store new retail unit sales increased
by 29.8% as compared to the market increase of 15.2%¹
Canadian used to new retail unit ratio increased to 1.29 from 1.08 last year and the TTM ratio improved to 1.01 at Q1
2021 as compared to 0.81 at Q1 2020
Finance and insurance gross profit per retail unit average increased to $2,989, up 11.5% or $309 per unit and F&I
gross margins improved to 93.4% from 92.5% in the prior year
CANADIAN OPERATIONS ADJUSTED EBITDA ($M)
17
32.3
30.9
22.1
8.7
8.3
56.3
43.2
39.2
Q1 19 Q2 19 Q3 19 Q4 19 Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
o Adjusting for COVID-19 related CEWS of $2.9 million, rent subsidy of $0.2 million,
normalized Q1 2021 Adjusted EBITDA is $40.1 million, ahead of prior year by $31.4 million
AutoCanada
30
1Source: DesRosiers Automotive ConsultantsView entire presentation