Statements contained in this presentation that state the Partnership's or management's expectations or predictions of the future are forward-looking statements. The words "believe," "expect," "should," "intends," "anticipates", "estimates," "target" and other similar expressions identify forward-looking
statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica's annual reports on Form 10-K, quarterly reports on Form 10-Q and other reports filed with the Securities and Exchange Commission and available on the Partnership's website at www.crossamericapartners.com. If any of these factors materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement you see or hear during this presentation reflects our current views as of the date of this presentation with respect to future events. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.
2
CrossAmerica Business Overview
Charles Nifong, CEO & President
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Second Quarter 2023 Earnings Call August 2023
Second Quarter Operations
Motor Fuel Gross Profit from the Wholesale Segment declined 6%
$17.9 million in 2Q23 versus $19.0 million in 2Q22
Driven by a decline in fuel margin, partially offset by an increase in volume
Overall Gross Profit for the Wholesale Segment decreased 5% ($31.7 million for 2Q23 versus $33.5 million for 2Q22)
Wholesale fuel margin declined 8%, while fuel volume increased 2%
8.2 cents in 2Q23 versus 8.9 cents in 2Q22
Impacted by lower cost of fuel and terms discounts on certain gallons during the quarter
Wholesale fuel volume distributed for 2Q23 was 218.1 million gallons compared to 214.4 million gallons in 2Q22
Volume increase was primarily driven by the integration of the Community Service Stations, Inc. assets acquired during the fourth quarter of 2022, partially offset by the conversion of certain lessee dealers
$66.0 million in 2Q23 versus $55.5 million in 2Q22
Increase driven by motor fuel (+20%) and merchandise (+20%) gross profit
Fuel margin per gallon, before deducting for credit card fees and commissions, for the retail segment of 37.0 cents in 2Q23 compared to 34.0 cents per gallon in 2Q22
Retail fuel volume for 2Q23 increased 2% when compared to 2Q22 (130.8 million gallons sold in 2Q23 versus 128.8 million gallons in 2Q22)
4
CrossAmerica Financial Overview
Maura Topper, Chief Financial Officer
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CrossAmerica Partners LP published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 12:36:33 UTC.
CrossAmerica Partners LP is a wholesale distributor of motor fuels, convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. The Company operates through two segments: Wholesale, and Retail. The Wholesale segment includes the wholesale distribution of motor fuel to lessee dealers and independent dealers. The Retail segment includes the retail sale of motor fuel at retail sites operated by commission agents and the sale of convenience merchandise items and the retail sale of motor fuel at company operated sites. The Company distributes motor fuel on a wholesale basis to approximately 1,700 sites located in 34 states. The Company owns or leases approximately 1,100 sites, of which it operates 295 as company operated sites. The Company distributes branded motor fuel under the Exxon, Mobil, BP, Shell, Sunoco, Valero, Gulf, Citgo, Marathon, and Phillips 66 brands to its customers.
CROSSAMERICA PARTNERS LP 
