Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (3.7%). Declared Dividend • May 24
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 26%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 22
Canlan Ice Sports Corp. announces Quarterly dividend, payable on July 15, 2026 Canlan Ice Sports Corp. announced Quarterly dividend of CAD 0.0300 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Reported Earnings • May 17
First quarter 2026 earnings released: EPS: CA$0.34 (vs CA$0.32 in 1Q 2025) First quarter 2026 results: EPS: CA$0.34 (up from CA$0.32 in 1Q 2025). Revenue: CA$29.4m (up 4.9% from 1Q 2025). Net income: CA$4.56m (up 8.5% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 23
Canlan Ice Sports Corp., Annual General Meeting, Jun 18, 2026 Canlan Ice Sports Corp., Annual General Meeting, Jun 18, 2026. Location: british columbia, vancouver Canada Declared Dividend • Mar 27
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 28%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CA$0.29 (vs CA$0.21 in FY 2024) Full year 2025 results: EPS: CA$0.29 (up from CA$0.21 in FY 2024). Revenue: CA$100.0m (up 6.4% from FY 2024). Net income: CA$3.86m (up 38% from FY 2024). Profit margin: 3.9% (up from 3.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 26
Canlan Ice Sports Corp. announces Quarterly dividend, payable on April 15, 2026 Canlan Ice Sports Corp. announced Quarterly dividend of CAD 0.0300 per share payable on April 15, 2026, ex-date on March 31, 2026 and record date on March 31, 2026. Upcoming Dividend • Dec 25
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%). Declared Dividend • Nov 20
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 26%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Third quarter 2025 earnings released: CA$0.18 loss per share (vs CA$0.20 loss in 3Q 2024) Third quarter 2025 results: CA$0.18 loss per share (improved from CA$0.20 loss in 3Q 2024). Revenue: CA$21.1m (up 5.9% from 3Q 2024). Net loss: CA$2.47m (loss narrowed 5.7% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$4.04, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 15x in the Hospitality industry in Canada. Total returns to shareholders of 72% over the past three years. Announcement • Oct 23
Canlan Ice Sports Corp. announces special dividend, payable on November 18, 2025 Canlan Ice Sports Corp. announced special dividend of CAD 0.5000 per share payable on November 18, 2025, ex-date on October 31, 2025 and record date on October 31, 2025. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$4.70, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Hospitality industry in Canada. Total returns to shareholders of 64% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (3.9%). Declared Dividend • Aug 18
Dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 15%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
Canlan Ice Sports Corp. announces Quarterly dividend, payable on October 15, 2025 Canlan Ice Sports Corp. announced Quarterly dividend of CAD 0.0300 per share payable on October 15, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released: CA$0.013 loss per share (vs CA$0.088 loss in 2Q 2024) Second quarter 2025 results: CA$0.013 loss per share (improved from CA$0.088 loss in 2Q 2024). Revenue: CA$23.5m (up 7.5% from 2Q 2024). Net loss: CA$178.0k (loss narrowed 85% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$3.87, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 16x in the Hospitality industry in Canada. Total returns to shareholders of 36% over the past three years. Upcoming Dividend • Jul 24
Upcoming dividend of CA$0.50 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.5%). Announcement • Jun 20
Canlan Ice Sports Corp. Declares Special Dividend, Payable on August 15, 2025 Canlan Ice Sports Corp. announced that its Board of Directors has declared a special dividend to shareholders of $0.50 per common share. The special dividend will be paid on August 15, 2025 to common shareholders of record at the close of business on July 31, 2025. The special dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits, which reduce income tax otherwise payable. Declared Dividend • Jun 19
First quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: CA$0.32 (vs CA$0.32 in 1Q 2024) First quarter 2025 results: EPS: CA$0.32 (down from CA$0.32 in 1Q 2024). Revenue: CA$28.0m (up 6.8% from 1Q 2024). Net income: CA$4.20m (flat on 1Q 2024). Profit margin: 15% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • May 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 12
Canlan Ice Sports Corp. Declares Quarterly Dividend, Payable on July 15, 2025 Canlan Ice Sports Corp.'s Board of Directors has approved the continuation of the Corporation's quarterly dividend policy. As such, the Board declares eligible dividends totaling $0.03 per common share that will next be paid on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. Announcement • Apr 24
Canlan Ice Sports Corp., Annual General Meeting, Jun 19, 2025 Canlan Ice Sports Corp., Annual General Meeting, Jun 19, 2025. Location: british columbia, vancouver Canada Declared Dividend • Mar 30
Fourth quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Mar 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.5%). Declared Dividend • Nov 16
Third quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 7.4% to shift the payout ratio to a potentially unsustainable range, which is less than the 34% EPS decline seen over the last 5 years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: CA$0.20 loss per share (vs CA$0.29 loss in 3Q 2023) Third quarter 2024 results: CA$0.20 loss per share (improved from CA$0.29 loss in 3Q 2023). Revenue: CA$20.0m (up 16% from 3Q 2023). Net loss: CA$2.62m (loss narrowed 32% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Connie Carras was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.4%). Declared Dividend • Aug 18
Second quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 27th September 2024 Payment date: 16th October 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 15
Second quarter 2024 earnings released: CA$0.088 loss per share (vs CA$0.06 profit in 2Q 2023) Second quarter 2024 results: CA$0.088 loss per share (down from CA$0.06 profit in 2Q 2023). Revenue: CA$21.8m (up 10% from 2Q 2023). Net loss: CA$1.18m (down 247% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Canlan Ice Sports Corp. Declares Quarterly Dividend, Payable on October 16, 2024 Canlan Ice Sports Corp.'s Board of Directors has approved the continuation of the Corporation's quarterly dividend policy. As such, the Board declares eligible dividends totaling $0.03 per common share that will next be paid on October 16, 2024 to shareholders of record at the close of business September 30, 2024. Declared Dividend • May 16
First quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 28th June 2024 Payment date: 16th July 2024 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend. Announcement • May 16
Canlan Ice Sports Corp. Announces Retirement of Michael Gellard as Executive Vice President, Effective End of December 2024 Canlan Ice Sports Corp. announced the upcoming retirement of the Company's Executive Vice President (EVP), Michael Gellard. Mr. Gellard will be retiring at the end of December 2024 after 28 years of dedicated service at Canlan Sports. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: CA$0.32 (vs CA$0.26 in 1Q 2023) First quarter 2024 results: EPS: CA$0.32 (up from CA$0.26 in 1Q 2023). Revenue: CA$26.2m (up 7.0% from 1Q 2023). Net income: CA$4.24m (up 23% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 19
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at CA$4.07. The fair value is estimated to be CA$3.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Apr 13
Canlan Ice Sports Corp., Annual General Meeting, Jun 19, 2024 Canlan Ice Sports Corp., Annual General Meeting, Jun 19, 2024. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CA$0.033 (vs CA$0.35 in FY 2022) Full year 2023 results: EPS: CA$0.033 (down from CA$0.35 in FY 2022). Revenue: CA$86.2m (up 17% from FY 2022). Net income: CA$435.0k (down 91% from FY 2022). Profit margin: 0.5% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jan 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (CA$53.2m market cap, or US$39.7m). Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.03 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.5%). In line with average of industry peers (3.0%). New Risk • Nov 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 6.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (CA$54.3m market cap, or US$39.4m). Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.03 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.3%). Announcement • Aug 30
Canlan Ice Sports Corp. Announces Chief Operating Officer Changes Canlan Ice Sports Corp. announced the upcoming retirement of the Company's current Chief Operating Officer (COO), Mark Faubert, and the appointment of Joe McCullagh as its new COO. Mr. Faubert will be retiring at the end of December 2023 after over two decades of dedicated service at Canlan Sports. Joe McCullagh will join the Company on September 5, 2023 as the Company's new COO and be able to work alongside Mr. Faubert during the transition period. Mr. McCullagh is an experienced operations professional who has held senior leadership roles for the past 20 years servicing organizations in the hospitality and recreation industries. Announcement • Aug 12
Canlan Ice Sports Corp. Declares Dividend, Payable on October 16, 2023 Canlan Ice Sports Corp. declared eligible dividends totaling $0.03 per common share that will next be paid on October 16, 2023 to shareholders of record at the close of business September 30, 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.018 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.06 (up from CA$0.018 loss in 2Q 2022). Revenue: CA$19.8m (up 16% from 2Q 2022). Net income: CA$802.0k (up CA$1.05m from 2Q 2022). Profit margin: 4.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CA$5.25, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Hospitality industry in Canada. Total returns to shareholders of 62% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.03 per share at 3.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (2.9%). Reported Earnings • May 15
First quarter 2023 earnings released: EPS: CA$0.26 (vs CA$0.16 in 1Q 2022) First quarter 2023 results: EPS: CA$0.26 (up from CA$0.16 in 1Q 2022). Revenue: CA$24.5m (up 29% from 1Q 2022). Net income: CA$3.45m (up 63% from 1Q 2022). Profit margin: 14% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Canlan Ice Sports Corp. Declares Quarterly Dividend, Payable on July 17, 2023 Canlan Ice Sports Corp. Board of Directors has approved the continuation of the Corporation's quarterly dividend policy. As such, the Board declares eligible dividends totaling $0.03 per common share that will next be paid on July 17, 2023 to shareholders of record at the close of business June 30, 2023. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: CA$0.35 (vs CA$0.082 loss in FY 2021) Full year 2022 results: EPS: CA$0.35 (up from CA$0.082 loss in FY 2021). Revenue: CA$73.7m (up 83% from FY 2021). Net income: CA$4.73m (up CA$5.82m from FY 2021). Profit margin: 6.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 16 January 2023. Trailing yield: 3.1%. Lower than top quartile of Canadian dividend payers (6.0%). In line with average of industry peers (3.3%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.027 (vs CA$0.078 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.027 (down from CA$0.078 in 3Q 2021). Revenue: CA$15.6m (up 23% from 3Q 2021). Net income: CA$364.0k (down 65% from 3Q 2021). Profit margin: 2.3% (down from 8.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Canlan Ice Sports Corp. Approves the Resumption of the Quarterly Dividend Distribution, Payable on January 16, 2023 Canlan Ice Sports Corp. announced that when the COVID-19 pandemic began, measures were implemented by management to preserve cash balances. Given this, combined with the austerity that was asked of employees, directors, customers, suppliers and financial partners, Canlan's Board of Directors suspended the payment of dividends on March 24, 2020. Given the return of full operations and the company's relatively strong liquidity position, Canlan's Board of Directors has approved the resumption of the Corporation's quarterly dividend distribution. As such, the Board declares eligible dividends totaling $0.03 per common share that will next be paid on January 16, 2023 to shareholders of record at the close of business December 29, 2022. Canlan's Board of Directors reviews the Corporation's dividend policy on a quarterly basis. Recent Insider Transactions • Oct 06
Independent Chairman recently bought CA$51k worth of stock On the 27th of September, Victor D'Souza bought around 15k shares on-market at roughly CA$3.50 per share. This transaction increased Victor's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Victor's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 15% share price gain to CA$3.98, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 16x in the Hospitality industry in Canada. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 13
Second quarter 2022 earnings released: CA$0.018 loss per share (vs CA$0.20 loss in 2Q 2021) Second quarter 2022 results: CA$0.018 loss per share (up from CA$0.20 loss in 2Q 2021). Revenue: CA$17.1m (up 373% from 2Q 2021). Net loss: CA$243.0k (loss narrowed 91% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jun 24
Canlan Ice Sports Corp. Announces Board Changes Canlan Ice Sports Corp. announced that at the AGM held on June 22, 2022 appointed Connie Carras to the board. Ms. Carras is currently the President of CEC Enterprises Consulting, which focuses on accelerating innovation anddriving strategic and ESG impact in the real estate industry. She is also Board Chair of EnerQuality Corporation, a leader in energy efficiency innovation for housing. Charles Allen, a long-time director of the Company, decided to retire and therefore did not stand for re-election as a director at the Meeting. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: CA$0.16 (vs CA$0.16 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.16 (up from CA$0.16 loss in 1Q 2021). Revenue: CA$18.9m (up 275% from 1Q 2021). Net income: CA$2.12m (up CA$4.25m from 1Q 2021). Profit margin: 11% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS CA$0.078 (vs CA$0.003 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$14.3m (up 53% from 3Q 2020). Net income: CA$1.05m (up CA$1.09m from 3Q 2020). Profit margin: 7.3% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released: CA$0.20 loss per share (vs CA$0.44 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$5.87m (up CA$5.11m from 2Q 2020). Net loss: CA$2.61m (loss narrowed 55% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 26
Independent Director William Bullis has left the company On the 22nd of June, William Bullis' tenure as Independent Director ended after 10.0 years in the role. As of March 2021, William still personally held only 2.70k shares (CA$10k worth at the time). William is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.33 years. Reported Earnings • May 16
First quarter 2021 earnings released: CA$0.16 loss per share (vs CA$0.078 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: CA$7.49m (down 64% from 1Q 2020). Net loss: CA$2.13m (down 304% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: CA$0.48 loss per share (vs CA$0.18 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$45.6m (down 48% from FY 2019). Net loss: CA$6.36m (down 360% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
Canlan Ice Sports Corp. Announces Executive Appointments Canlan Ice Sports Corp. announced the appointment of Costa Kladianos as the Company's new Vice President of Technology & Innovation and Liana Guiry as its new Vice President Sales, Marketing and Customer Experience. Costa, who started with Canlan in October 2020, is a solutions-driven Information Technology Executive with over 15 years' experience and a track record of delivering on large scale and complex operational IT initiatives. His most recent experience was with Tennis Canada where he developed and executed a strategy to adapt to changing demographics of the average tennis fan by using social media, technology, content and deep analytics. This is a new position for Canlan and Costa is a great addition to the team as Canlan continues to make digital improvements and transform its approach to customer engagement and service. Liana, who started with Canlan on February 1, 2021, is a highly accomplished Marketing, Sales and Customer Experience Executive with extensive experience in progressive positions of leadership across global financial services, hospitality, and tourism. She has successfully led organizations through growth phases and most recently consulted with Meta Bees where she helped guide entrepreneurs in unifying brand and customer experience strategies. Previously, Liana held sales and marketing roles at Revera Inc., Delta Hotels and Resorts, Destination Ontario and AMEX. Liana will be an excellent addition to the Canlan team as the Company continues to drive brand growth and overall capability building to accelerate Canlan's leadership position in their markets. Is New 90 Day High Low • Jan 30
New 90-day high: CA$4.43 The company is up 45% from its price of CA$3.05 on 28 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: CA$3.95 The company is up 19% from its price of CA$3.31 on 01 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: CA$0.003 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: CA$11.6m (down 38% from 3Q 2019). Net loss: CA$41.0k (loss narrowed 83% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 67% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jun 19
Canlan Ice Sports Corp. Announces Plans to Reopen Recreation Facilities Canlan Ice Sports Corp. announced plans to reopen its recreation facilities. Beginning the week of June 15, 2020, ice rink facilities in British Columbia will open selected ice surfaces for user group rentals. Subsequently, facilities across Saskatchewan, Manitoba, Ontario, and Illinois will gradually reopen selected ice rinks and other sport surfaces on a systematic basis in the coming weeks. Capacity restored upon reopening will be approximately 50% depending on demand and public health guidelines in the local market. Facility restaurants and retail stores will remain closed in the near-term until further notice. In addition, the Company plans to operate its world-class hockey leagues beginning in July 2020 with a new 4-on-4 format in both the Adult Safe Hockey League and Youth Hockey League. The fresh format and game rules have been designed to be simple, but effective in creating more space, minimal incidental contact, more puck touches, and more opportunities for player creativity. Aside from new game formats, the Company's reopen-plans incorporate health and safety measures that are part of each step of the guest-experience, including: facility zoning; guest screening procedures; directed entry and exit ways; use of additional dressing rooms to maximize physical distancing; rigorous sanitization procedures and use of personal protective equipment; enhanced regulations and measures regarding players' distancing, use of dressing rooms, and hydration stations; and the addition of Zone Attendants and Health & Safety Ambassadors on staff to ensure compliance with safety measures. 
