Alimentation Couche-Tard Investor Presentation
IMPRESSIVE EBITDA TO FREE CASH FLOW1 CONVERSION
39%
32%
34%
39%
41%
39%
32%
32%
32%
31%
23%
Aiming to deploy 35% to 40% of EBITDA¹ towards
purchase of property and equipement, intangible assets
and other assets ("Capex")
573
1,376
457 614
305
2013
812
1,640
866
315
930
1,876
884
428
1,191
2,331
807 540 984
2016
1,209
2,396
688 809
668
1,671
2,980
1,037 673
1,269
1,834
3,583
930
809
1,844
2,354
4,446
1,133
1,068
2,244
2,705
5,061
1,606
2,447
800'
2,683
5,244
1,261
1,780
2,203
3,091
5,762
2014
2015
2017
2018
2019
2020
2021
2022
2023
1
1
1
1
EBITDA
Net Capex
Other
Free Cash Flow
Net Earnings
Capex (as % of EBITDA)
1,542
1,842
2,378
Target Allocation
of Capex
Network Development
35%
of total Capex
Commercial
Programs
30%
of total Capex
Maintenance &
Improvements
25%
of total Capex
Emerging Business &
Innovation
10%
of total Capex
Converted 45% of EBITDA to free cash flow 1 since 2012, and 41% in 2023.
1 Please refer to the "Non-IFRS Measures" section of this presentation for additional information on performance measures not defined by IFRS.
Alimentation Couche-Tard | Investor Presentation
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CIRCLE K
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