Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
See Regulatory Filings on SEDAR |
Company Contact | |
Address: | 6501 Sprott Street BURNABY BC V6B 3B8 |
Tel: | N/A |
Website: | www.canlanicesports.com |
IR: | See website |
Key People | ||
W. Grant Ballantyne Independent Chairman of the Board | Joey St-Aubin President, Chief Executive Officer, Director | Ivan C. Wu Chief Financial Officer, Recording Secretary |
Mark Faubert Chief Operating Officer, Senior Vice President - Operations | Michael F. Gellard Executive Vice President | Gregory Porcellato Vice President - Western Operations |
Hailey Clark Vice President - Sales and Marketing and Innovation | 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 nine months ended 30 September 2020, CanlanIce Sports Corp revenues decreased 52% to C$31M. Net losstotaled C$4.8M vs. income of C$1.7M. Revenues reflect Iceand field sales segment decrease of 49% to C$26M, Food andbeverage segment decrease of 72% to C$2.6M, Canada segmentdecrease of 52% to C$26.5M, United States segment decreaseof 50% to C$4.5M. Net loss reflects Professional andregulatory fees increase from C$326K to C$2.9M (expense). |
Employees: | 1,050 as of Dec 31, 2019 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $100.93M as of Sep 30, 2020 |
Annual revenue (TTM): | $54.97M as of Sep 30, 2020 |
EBITDA (TTM): | $4.51M as of Sep 30, 2020 |
Net annual income (TTM): | -$4.02M as of Sep 30, 2020 |
Free cash flow (TTM): | -$6.60M as of Sep 30, 2020 |
Net Debt Last Fiscal Year: | $53.95M as of Sep 30, 2020 |
Shares outstanding: | 13,337,448 as of Sep 30, 2020 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |