Aimia Inc (TSX:AIM.PR.C.PFD)
C$ 19.39 (0%) Market Cap: - Enterprise Value: - PE Ratio: 0 PB Ratio: 0.76 GF Score: 56/100

Q1 2025 Aimia Inc Earnings Call Transcript

May 13, 2025 / 12:30PM GMT
Release Date Price: C$17.5 (+0.29%)

Key Points

Positve
  • Aimia Inc (AIMFF) reported a significant increase in adjusted EBITDA, rising from $6.7 million to $19.7 million.
  • The company achieved a net earnings turnaround, reporting $400,000 compared to a loss of $4.5 million in the previous year.
  • Aimia Inc (AIMFF) successfully reduced Holdco costs by $10.1 million, contributing to improved financial performance.
  • The company generated a substantial gain of $53.8 million from a substantial issuer bid, boosting earnings per share to $0.55.
  • Core holdings, Bozzetto and Cortland, showed strong performance with Bozzetto achieving a 19.1% EBITDA margin and Cortland growing revenue by 20%.
Negative
  • Aimia Inc (AIMFF) shares are trading at a discount relative to the intrinsic value of its assets, which the company aims to address.
  • The company faces challenges in utilizing its $1 billion of tax loss carryforwards effectively.
  • Bozzetto experienced a 2% revenue decline on a constant currency basis due to lower volume in the Textile Solutions sector.
  • The company is still in the early stages of addressing the impacts of tariffs on its core holdings, which could affect future performance.
  • Aimia Inc (AIMFF) needs to further reduce Holdco costs and close the share price discount to achieve its strategic goals.
Operator

Good morning, ladies and gentlemen, and welcome to Aimia Inc. first quarter 2025 results conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. (Operator Instructions). This call is being recorded on Tuesday, May 13, 2025.

I would now like to turn the conference over to Joe Racanelli. Please go ahead.

Joe Racanelli
Aimia Inc - VP of Investor Relations & Communications

Thank you, operator, and good morning, everyone. Joining me on today's call are Aimiaâs Executive Chairman, Rhys Summerton; and Aimia President and CFO, Steven Leonard.

Before we begin, I would like to point out a couple of items. We issued our financial results for the first quarter results earlier this morning. And all of our materials, including the news release, MD&A, financial statements, are available from our website and SEDAR+. We will be using a presentation today, and for those listening to our discussion by phone, a copy is available â a copy of the presentation is available

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