Algoma Central Corporation (T:ALC)
Business Focus: Inland Water Freight
| Sector: Industrials | Industry: Marine Freight & Logistics |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 63 Church St Suite 600 ST. CATHARINES ON L2R 3C4 |
| Tel: | N/A |
| Website: | www.algonet.com |
| IR: | See website |
| Key People | ||
| Duncan N. R. Jackman Independent Chairman of the Board | Fredrik Hanson Vice President - Administration and Finance | Gregg A. Ruhl President, Chief Executive Officer |
| Peter D. Winkley Chief Financial Officer | Mario Battista Senior Vice President - Finance and Process Innovation | J. Wesley Newton Senior Vice President - Corporate Development, General Counsel |
| Brad Tiffin Senior Vice President, Operations and Technical | Christopher Lazarz Vice President - Corporate Finance | Bruce Partridge Vice President, Commercial | Steve Wright Vice President, Engineering |
| Business Overview |
| Algoma Central Corp is a Canada-based company, which owns and operates the Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes-St. Lawrence Waterway. It operates through the following segments: Domestic Dry-Bulk, Product Tankers and Ocean Shipping. Its Domestic Dry-Bulk marine transportation segment includes the ownership and management of the operational and commercial activities of the Company's domestic dry-bulk fleet vessel, which includes over 20 vessels. Its Domestic Dry-Bulk segment also includes a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada and the operational management of vessels owned by other ship owners. Its Product Tankers marine transportation segment includes direct ownership and management of the operational and commercial activities of over five Canadian flag tanker vessels. Its Ocean Shipping marine transportation segment includes the ownership of over two ocean-going |
| Financial Overview |
| For the three months ended 31 March 2020, Algoma Central Corporation revenues increased 18% to C$85.1M. Net loss increased 4% to C$23.6M. Revenues reflect Ocean Self-unloaders segment increase of 55% to C$36.4M, Domestic Dry-Bulk segment increase of 18% to C$21.1M. Higher net loss reflects Interest Expense on Borrowings increase of 23% to C$4.6M (expense), Interest Capitalized on vessels under c decrease of 79% to C$99K (income). |
| Employees: | 1,600 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $717.43M as of Mar 31, 2020 |
| Annual revenue (TTM): | $581.15M as of Mar 31, 2020 |
| EBITDA (TTM): | $131.39M as of Mar 31, 2020 |
| Net annual income (TTM): | $23.33M as of Mar 31, 2020 |
| Free cash flow (TTM): | -$63.09M as of Mar 31, 2020 |
| Net Debt Last Fiscal Year: | $352.05M as of Mar 31, 2020 |
| Shares outstanding: | 37,800,943 as of May 7, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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