Financials Parkland Corporation

Equities

PKI

CA70137W1086

Oil & Gas Refining and Marketing

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-06-19 EDT			5-day change	1st Jan Change
38.49 ^CAD	+0.37%		+0.76%	+18.39%

06-16	Sunoco's Acquisition of Parkland Gets ISS, Glass Lewis Backing	MT
06-16	Parkland Brief: ISS and Glass Lewis Endorsing Parkland's Arrangement with Sunoco	MT

Projected Income Statement: Parkland Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	14,011	21,468	35,462	32,452	28,303	28,577	28,944	30,504
Change	-	53.22%	65.19%	-8.49%	-12.79%	0.97%	1.28%	5.39%
EBITDA ¹	967	1,260	1,620	1,913	1,690	1,811	1,980	2,047
Change	-	30.3%	28.57%	18.09%	-11.66%	7.16%	9.31%	3.41%
EBIT ¹	358	644	877	1,090	865	988.7	1,205	1,373
Change	-	79.89%	36.18%	24.29%	-20.64%	14.3%	21.86%	13.99%
Interest Paid ¹	-250	-323	-331	-384	-378	-376.4	-363.4	-335
Earnings before Tax (EBT) ¹	154	162	416	508	127	566.5	796.7	993.8
Change	-	5.19%	156.79%	22.12%	-75%	346.06%	40.64%	24.74%
Net income ¹	82	97	310	471	127	431.8	606.2	710.2
Change	-	18.29%	219.59%	51.94%	-73.04%	240.02%	40.39%	17.16%
Announcement Date	3/4/21	3/3/22	3/2/23	2/27/24	3/5/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	2,704	3,505	3,474	4,233	5,021	6,006	6,286	7,606	9,715	9,523	8,719	8,156	7,819	8,873	7,746	6,939	7,504	7,126	6,734	6,813	7,098	7,199	7,887	-	-	-	-
Change	-	29.62%	-0.88%	21.85%	18.62%	19.62%	4.66%	21%	27.73%	-1.98%	-8.44%	-6.46%	-4.13%	13.48%	-12.7%	-10.42%	8.14%	-5.04%	-5.5%	1.17%	4.19%	1.42%	9.56%	-	-	-	-
EBITDA ¹	191	338	247	314	322	364	260	387	450	328	455	395	470	585	463	327	504	431	428	375	466.7	479.6	486.2	464	509.6	524.7	539.3
Change	-	76.96%	-26.92%	27.13%	2.55%	13.04%	-28.57%	48.85%	16.28%	-27.11%	38.72%	-13.19%	18.99%	24.47%	-20.85%	-29.37%	54.13%	-14.48%	-0.7%	-12.38%	24.45%	2.76%	1.39%	-4.57%	9.81%	2.96%	2.79%
EBIT ¹	55	201	-	160	190	212	104	232	304	138	243	205	264	380	241	121	302	224	218	173	285	271	270	-	-	-	-
Change	-	265.45%	-	-	18.75%	11.58%	-50.94%	123.08%	31.03%	-54.61%	76.09%	-15.64%	28.78%	43.94%	-36.58%	-49.79%	149.59%	-25.83%	-2.68%	-20.64%	64.74%	-4.91%	-0.37%	-	-	-	-
Charge d'intérêts ¹	-66	-63	-58	-83	-93	-61	-86	-70	-80	-87	-94	-104	-98	-93	-89	-91	-99	-96	-92	-99	-90.38	-88.86	-89.91	-	-	-	-
Earnings before Tax (EBT) ¹	28	133	94	44	-46	178	-14	81	128	116	91	57	96	284	71	-34	90	108	-37	72	137.6	144	176.8	-	-	-	-
Change	-	375%	-29.32%	-53.19%	-204.55%	486.96%	-107.87%	678.57%	58.02%	-9.38%	-21.55%	-37.36%	68.42%	195.83%	-75%	-147.89%	364.71%	20%	-134.26%	294.59%	91.18%	4.6%	22.76%	-	-	-	-
Net income ¹	32	76	53	31	-57	115	8	55	81	105	69	77	78	230	86	-5	70	91	-29	64	102.3	106.5	130.3	-	-	-	-
Change	-	137.5%	-30.26%	-41.51%	-283.87%	301.75%	-93.04%	587.5%	47.27%	29.63%	-34.29%	11.59%	1.3%	194.87%	-62.61%	-105.81%	1,500%	30%	-131.87%	320.69%	59.78%	4.14%	22.34%	-	-	-	-
Announcement Date	8/6/20	11/3/20	3/4/21	5/3/21	8/5/21	11/3/21	3/3/22	5/4/22	8/4/22	11/2/22	3/2/23	5/3/23	8/3/23	11/1/23	2/27/24	5/1/24	7/31/24	10/30/24	3/5/25	5/5/25	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Parkland Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,713	5,272	6,256	5,971	6,256	5,669	5,199	5,319
Change	-	41.99%	18.66%	-4.56%	4.77%	-9.38%	-8.29%	2.31%
Announcement Date	3/4/21	3/3/22	3/2/23	2/27/24	3/5/25	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Parkland Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	345	396	503	482	555	477.4	541.5	542.3
Change	-	14.78%	27.02%	-4.17%	15.15%	-13.98%	13.43%	0.15%
Free Cash Flow (FCF) ¹	589	508	823	1,298	980	1,093	1,187	859.9
Change	-	-13.75%	62.01%	57.72%	-24.5%	11.57%	8.56%	-27.56%
Announcement Date	3/4/21	3/3/22	3/2/23	2/27/24	3/5/25	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Parkland Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.9%	5.87%	4.57%	5.89%	5.97%	6.34%	6.84%	6.71%
EBIT Margin (%)	2.56%	3%	2.47%	3.36%	3.06%	3.46%	4.16%	4.5%
EBT Margin (%)	1.1%	0.75%	1.17%	1.57%	0.45%	1.98%	2.75%	3.26%
Net margin (%)	0.59%	0.45%	0.87%	1.45%	0.45%	1.51%	2.09%	2.33%
FCF margin (%)	4.2%	2.37%	2.32%	4%	3.46%	3.83%	4.1%	2.82%
FCF / Net Income (%)	718.29%	523.71%	265.48%	275.58%	771.65%	253.21%	195.8%	121.07%
Profitability
ROA	0.89%	0.94%	3.62%	3.35%	0.91%	3.15%	4.13%	-
ROE	4.23%	4.99%	18.25%	15.15%	4%	12.37%	16.11%	-
Financial Health
Leverage (Debt/EBITDA)	3.84x	4.18x	3.86x	3.12x	3.7x	3.13x	2.63x	2.6x
Debt / Free cash flow	6.3x	10.38x	7.6x	4.6x	6.38x	5.18x	4.38x	6.19x
Capital Intensity
CAPEX / Current Assets (%)	2.46%	1.84%	1.42%	1.49%	1.96%	1.67%	1.87%	1.78%
CAPEX / EBITDA (%)	35.68%	31.43%	31.05%	25.2%	32.84%	26.36%	27.35%	26.49%
CAPEX / FCF (%)	58.57%	77.95%	61.12%	37.13%	56.63%	43.66%	45.62%	63.07%
Items per share
Cash flow per share ¹	6.189	5.947	8.236	9.944	8.672	8.579	9.193	9.392
Change	-	-3.91%	38.48%	20.74%	-12.79%	-1.08%	7.16%	2.17%
Dividend per Share ¹	1.211	1.231	1.289	1.36	1.4	1.437	1.462	1.49
Change	-	1.68%	4.69%	5.5%	2.94%	2.62%	1.74%	1.94%
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	0.54	0.64	1.92	2.63	0.72	2.462	3.402	4.32
Change	-	18.52%	200%	36.98%	-72.62%	242%	38.18%	26.97%
Nbr of stocks (in thousands)	149,717	153,720	175,942	176,214	173,804	174,426	174,426	174,426
Announcement Date	3/4/21	3/3/22	3/2/23	2/27/24	3/5/25	-	-	-