TA Petro Overview of SVC Leases and Financial Upside
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COVID-19 Impact – 3Q 2020
3Q 2020 financials demonstrate the resiliency of TA's full service travel centers and decision making of
Non-Fuel Revenues
($ in millions)
new management.
Fuel Sales Volumes
(Gallons in millions)
Adjusted EBITDAR
($ in millions)
$492
3Q 2019
Non-Fuel Gross Margin
($ in millions)
10
10
$295
$474
3Q 2020
$286
3Q 2019
3Q 2020
512
3Q 2019
Fuel Gross Margin (1)
($ in millions)
555
3Q 2020
Adjusted EBITDA
$64
$32
3Q 2019
Rent Expense
$65
$41
3Q 2020
Free Cash Flow
($ in millions)
Free Cash Flow (less SVC
Deferred Rent Payments)
SVC Deferred
Rent Payments
$73
$79
$80
$23
$19
$4
$68
$4
3Q 2020
$0.144
3Q 2019
3Q 2020
3Q 2019
Fuel Gross Margin per Gallon:
(1)
$0.155
Fuel gross margin in 3Q 2020 includes the federal biodiesel tax credit.
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