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Canlan Ice Sports Corp. (T:ICE)

Business Focus: Adventure Sports Facilities & Ski Resorts

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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