CrossAmerica Partners(CAPL) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Net Income decreased by 106%, from $72.061 million in 1Q20 to a loss of $3.967 million in 1Q21[8] - Gross Profit increased by 54%, from $35.729 million in 1Q20 to $54.868 million in 1Q21[8] - Adjusted EBITDA decreased by 18%, from $25.284 million in 1Q20 to $20.665 million in 1Q21[8] - Distributable Cash Flow decreased by 23%, from $20.439 million in 1Q20 to $15.753 million in 1Q21[8] - Distribution Coverage (Paid Basis – current quarter) decreased by 27%, from 1.08x in 1Q20 to 0.79x in 1Q21[8] Wholesale Fuel Operations - Wholesale fuel volume increased 32%, from 221 million gallons in 1Q20 to 292 million gallons in 1Q21[4] - Wholesale fuel margin declined 19%, from 9.0 cents in 1Q20 to 7.3 cents in 1Q21[4] - Motor Fuel Gross Profit from the Wholesale Segment increased 7%, from $19.9 million in 1Q20 to $21.3 million in 1Q21[4] Retail Segment - Retail Segment's Gross Profit increased by $17.7 million year-over-year, from $2.0 million in 1Q20 to $19.7 million in 1Q21[4] Acquisition and Expenses - Operating Expenses increased by $19 million primarily due to the increase in company operated and commission sites as a result of acquisitions and exchanges in 2020[4] - Company operated and commission sites increased 76% (154 sites) from 1Q20 to 1Q21[4] - G&A expenses increased $3.2 million in 1Q21 when compared to 1Q20 primarily driven by 2020 acquisitions, an increase in management fees related to increased headcount and an increase of $0.9 million in acquisition costs[4] 7-Eleven Acquisition - A definitive agreement to acquire 106 sites from 7-Eleven for a purchase price of $263 million[5]