TA Petro Overview of SVC Leases and Financial Upside
TravelCenters Of America – Key Investment Highlights
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Resilient Demand Drivers and Secular Tailwinds
Trucking is the primary means of freight transportation in the United States (~71% of volume in 2018) (1)
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Robust Site Network Creates Significant Barrier to Entry
Nationwide network of sites along major logistics corridors constitutes a significant barrier to entry as comparable sites
are very limited
Transformed and Improved Corporate Structure
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New executive management team with proven track record of executing strategic improvements is implementing
initiatives to enhance operations and instilling increased corporate discipline
Refocus on Capturing Embedded Organic & External Growth Opportunities
System-wide implementation of recently enacted initiatives designed to drive internal growth and free cash flow generation
Refocus on franchise business model yielding substantial pipeline of potential additional sites
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Long-Dated Fixed Rate Debt with Zero Near-Term Debt Maturities (2)
Fixed rate leases with no base rent escalators and average maturity of 13 years
No debt maturing prior to 2027
American Trucking Associations: Freight Transportation Forecast 2019 to 2030.
(1)
(2)
As of September 30, 2020.
TA PETRO TAEXPRESS
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