Canlan Ice Sports Corp. (T:ICE)
Business Focus: Adventure Sports Facilities & Ski Resorts
| Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 6501 Sprott St BURNABY BC V5B 3B8 |
| Tel: | N/A |
| Website: | www.canlanicesports.com |
| IR: | See website |
| Key People | ||
| W. Grant Ballantyne Independent Chairman of the Board | Shari Lichterman Vice President '€“ Eastern Operations | Joey St-Aubin President, Chief Executive Officer, Director |
| Ivan C. Wu Chief Financial Officer | Michael F. Gellard Executive Vice President | Mark Faubert Senior Vice President - Operations |
| Gregory Porcellato Vice President - Western Operations | Hailey Clark Vice President - Sales and Marketing and Innovation | Paul Dillon Vice President - Sales, Marketing and Service | Mark Reynolds Vice President - Human Resources |
| Business Overview |
| Canlan Ice Sports Corp. (Canlan) focuses on the development, lease, acquisition and operation of multi-purpose recreation and entertainment facilities. The Company's segment is ice rink and recreational facilities, which consists of Ice and field, Food and beverage, Sports store, Sponsorship, Space rental, Tournament operations, Management and consulting fees and Oothers. It operates primarily in the sports and recreation industry, with a focus on ice, turf and court sports. Within its segment,Its facilities for the adult hockey caters to both men and women operating under the adult safe hockey league (ASHL) brand. It owns and leases or manages a network of approximately 21 facilities in Canada and the United States with approximately 83 surfaces, including ice rinks and indoor soccer fields. Its Canlan Ice Sports offers a range of branded programs, which include youth 3 on 3, Canlan Classic Tournaments, Hockey Academy, Skating Academy, Canlan Sports Camps and others. |
| Financial Overview |
| For the six months ended 30 June 2019, Canlan Ice Sports Corp revenues increased 3% to C$45.8M. Net income decreased 35% to C$1.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Selling and customer service increase of 16% to C$6.8M (expense), FV/Uls Adjust on Derivatives for Hedging decrease from C$133K (income) to C$706K (expense). |
| Employees: | 1,100 as of Dec 31, 2014 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $100.57M as of Jun 30, 2019 |
| Annual revenue (TTM): | $88.86M as of Jun 30, 2019 |
| EBITDA (TTM): | $14.70M as of Jun 30, 2019 |
| Net annual income (TTM): | $3.45M as of Jun 30, 2019 |
| Free cash flow (TTM): | -$10.10M as of Jun 30, 2019 |
| Net Debt Last Fiscal Year: | $56.02M as of Jun 30, 2019 |
| Shares outstanding: | 13,337,448 as of Jun 30, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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