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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 Street
Tel: N/A
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