So the questions I have, that I'll be trying to find answers for myself, and that I would dearly love some help with:
1) Approx what percentage of current custom, that was paying full price, will bring in their shopper dockets and claim the discount? This is pure revenue loss.
2) What amount, if any, of the discount is carried by Woollies? i.e. what's the actual discount attributable to Caltex per litre?
3) Historically, what percentage of volume increase can be expected from adding Woollies dockets?
4) How will this roll-out affect the Foodary roll-out? (Particularly: a/ Wwill there be reduced number of Foodary outlets in stations as Woollies venues take priority and b/ Will the roll-out of Non-Station Foodary outlets slow; personally I'd be happy to that take a back seat is it's somewhat riskier.
5) When all numbers from above are taken into account, what is the expected level of organic growth in Rev/Ebitda?
6) How does this 15 year partnership add up in EV and Book Value, there's a certain intrinsic value in the partnership to add, as well as the value of increased Rev/Ebitda growth. What might those figures be?
CTX Price at posting:
$31.27 Sentiment: Buy Disclosure: Held