Alimentation Couche-Tard Investor Presentation
NON-IFRS MEASURES
Free cash flow, including Net capex and Other items. Free cash flow consists of EBITDA minus i) Purchase of property and
equipment, intangible assets and other assets ("Capex") net of Proceeds from disposal of property and equipment and other
assets (together "Net Capex") and ii) Interest and early redemption premiums paid, Principal elements of lease payments,
Income taxes paid net and Cash dividends paid, net of Interest and dividends received (together "Other items"). This measure
is considered useful to management, investors and analysts as it demonstrates our efficiency at generating cash.
The table below reconciles EBITDA, for which the calculation methodology is described in "Earnings before interest, taxes,
depreciation, amortization and impairment ("EBITDA") and adjusted EBITDA" of this section, to free cash flow:
(in millions of US dollars)
Free cash flow to EBITDA. Free cash flow to EBITDA consists of Free cash flow divided by Earnings before interest, taxes,
depreciation, amortization and impairment ("EBITDA"), for which the calculation methodologies are described in other tables of
this section. This measure is considered useful to management, investors and analysts as it demonstrates our efficiency at
generating free cash flows.
(in millions of US dollars, unless otherwise noted)
Free cash flow
53-week period
ended
April 30, 2023
5,761.7
52-week period
ended
April 24, 2022
5,244.3
EBITDA
EBITDA to free cash flow
53-week period
ended
April 30, 2023
2,377.8
5,761.7
41 %
52-week period
ended
April 24, 2022
2,203.0
5,244.3
42 %
EBITDA
Less
Purchase of property and equipment, intangible assets and other assets ("Capex")
Less: Proceeds from disposal of property and equipment, assets held for sale and other assets
1,803.8
262.1
Net Capex
1,541.7
Less:
Interest and early redemption premiums paid
Principal elements of lease payments
Income taxes paid, net
Cash dividends paid
Less: Interest and dividends received
Other items
Free cash flow
Alimentation Couche-Tard | Investor Presentation
1,664.5
403.3
1,261.2
Capex (as % of EBITDA). Capex (as % of EBITDA) consists of Purchases of property and equipment, intangibles assets and
other assets ("Capex"), divided by Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA"), for
which the calculation methodology is described in "Earnings before interest, taxes, depreciation, amortization and impairment
("EBITDA") and adjusted EBITDA" of this section. This measure is considered useful to management, investors and analysts
as it puts into relation our financial performance and the level of capital investments we are making in our network.
353.6
329.7
438.9
443.6
794.5
714.6
(in millions of US dollars, unless otherwise noted)
377.7
330.1
122.5
37.9
1,842.2
1,780.1
Purchases of property and equipment, intangible assets and other assets ("Capex")
EBITDA
2,377.8
2,203.0
Capex (as % of EBITDA)
66
99
3
53-week period
ended
April 30, 2023
1,803.8
52-week period
ended
April 24, 2022
1,664.5
5,761.7
5,244.3
31.3 %
32 %
CIRCLE K
ingoView entire presentation