A&W Revenue Royalties Income Fund (T:AW.UN)
Business Focus: Quick Service Restaurants
| Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
| Company Contact | |
| Address: | 300 - 171 West Esplanade NORTH VANCOUVER BC V7M 3K9 |
| Tel: | 1-604-9882141 |
| Website: | https://www.awincomefund.ca |
| IR: | See website |
| Key People | ||
| Susan D. Senecal President, Chief Executive Officer | Kelly Blankstein Chief Financial Officer | Catherine Anderson Company Secretary |
| Business Overview |
| A&W Revenue Royalties Income Fund (the Fund) is a Canada-based company. The Fund is a limited purpose trust established to invest in A&W Trade Marks Inc. (Trade Marks), which through its interest in the A&W Trade Marks Limited Partnership (Partnership), owns the A&W trademarks used in the A&W quick service restaurant business in Canada. In return for licensing, A&W Food Services of Canada Inc. (A&W Food Services) to use its trademarks, Trade Marks receives royalties equal to 3% of the sales of A&W restaurants in the royalty pool. The total number of A&W restaurants in the royalty pool is 1,047. The Fund's capital management objectives are to have sufficient cash and cash equivalents to pay distributions to its unitholders, after satisfaction of its debt service and income tax obligations; provisions for general and administrative expenses; retention of reasonable working capital reserves, and amounts that may be paid by the Fund in connection with any cash redemptions of units. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, A and W Revenue Royalties Income Fund revenues increased 5% to C$55M. Net income decreased 4% to C$32.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Loss (gain) on interest rate swaps increase from C$4.9M (income) to C$1.2M (expense). Dividend per share decreased from C$1.88 to C$1.76. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $471.75M as of Dec 31, 2023 |
| Annual revenue (TTM): | $54.96M as of Dec 31, 2023 |
| EBITDA (TTM): | $52.23M as of Dec 31, 2023 |
| Net annual income (TTM): | $32.28M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.28M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $47.75M as of Dec 31, 2023 |
| Shares outstanding: | 16,092,693 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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