Investor Presentaiton
Clearwater Results (millions of dollars except percentages)
Q3-2021
%
Q3-2020
%
Sales
158.4
100.0%
133.7
100.0%
Sales
Gross profit
SG&A
53.1
33.5%
35.8
26.8%
Positive: reopening of
13.0
8.2%
10.4
7.8%
EBITDA
Depreciation
40.1
25.3%
25.4
19.0%
9.7
10.0
Amortization
1.4
1.0
Interest - senior debt
3.1
7.5
Non-controlling interest
0.5
1.5
Unrealized FX (gain) loss
6.5
(6.9)
Other
(0.1)
0.3
19.0
12.0
Interest shareholder debt
12.4
Payments to shareholders
11.8
Acquisition costs
1.0
Income taxes
(1.6)
(1.5)
Earnings (loss)
(3.6)
12.5
Pre-close earnings
12.5
economies in North America and
Asia
Negative: a stronger CAD
relative to the USD and Euro
Negative: lower crab sales
Negative: the timing of landings
EBITDA
Positive: a strong pricing
environment
Positive: organic growth
Positive: operational
efficiencies
Positive: realized FX hedging
gains
Negative: reversal of pandemic
related government subsidies
Negative: higher incentive
compensation accruals
Ownership
50.0%
Equity earnings (loss)
(1.8)
Extraordinary Times Extraordinary Team
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