Canlan Ice Sports Corp. (T:ICE)
Business Focus: Adventure Sports Facilities & Ski Resorts
| Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
| Company Contact | |
| Address: | 3351 Park Dr ARMSTRONG BC V0E 1B0 |
| Tel: | N/A |
| Website: | https://www.canlansports.com/corporate |
| IR: | See website |
| Key People | ||
| Joey St-Aubin President, Chief Executive Officer, Director | Ivan C. Wu Chief Financial Officer, Recording Secretary | Mark Faubert Chief Operating Officer |
| Michael F. Gellard Executive Vice President | S. Liana Guiry Vice President of Sales Marketing and Customer Experience | Rita Price Vice President, People and Culture |
| Business Overview |
| Canlan Ice Sports Corp. is a Canada-based company that is engaged in ownership, operations and programming of multi-purpose recreation and entertainment facilities in North America. The Company operates primarily in the sports and recreation industry, with a focus on ice, turf and court sports. The Company's segment consists of full-service ice rink and recreational facilities, which include Ice and field, food and beverage, sports store, sponsorship and space rental. Within its segment, it includes facilities for adult hockey that cater to both men and women operating under the adult safe hockey league (ASHL) brand. The Company owns, leases and/or manages over 17 facilities in Canada and the United States with approximately 49 ice surfaces, as well as five indoor soccer fields, and 20 sports, volleyball, and basketball courts. Its facilities are primarily located in British Columbia, Saskatchewan, Manitoba, Ontario and Illinois. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Canlan Ice Sports Corp revenues increased 17% to C$86.2M. Net income decreased 91% to C$435K. Revenues reflect Ice and field sales segment increase of 13% to C$68.7M, Food and beverage segment increase of 48% to C$12.4M, Canada segment increase of 18% to C$73M, United States segment increase of 11% to C$13.1M. Net income was offset by Gain on early lease termination decrease from C$4.5M (income) to C$0K. |
| Employees: | 1,000 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $84.91M as of Dec 31, 2023 |
| Annual revenue (TTM): | $86.15M as of Dec 31, 2023 |
| EBITDA (TTM): | $10.24M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.07M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $30.25M as of Dec 31, 2023 |
| Shares outstanding: | 13,337,448 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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