President and Chief Executive Officer Fred Green - Date/Photographer unknown.

10 April 2012

Canadian Pacific Announces Expectations for First-Quarter 2012

Calgary Alberta - Canadian Pacific Railway Limited today announced that the Company expects to report first-quarter 2012 diluted earnings per share (EPS) in the range of 80 to 83 cents. This exceeds our 2011 diluted EPS by approximately 300 percent.
 
CP delivered record operating performance metrics, with improvements over the prior year period and the average of the previous three years' first quarters, and the Company continues its strong operating performance into April 2012.
 
year-over-year
vs. Q1 three-year average
 
AAR train speed
Improved 27 percent
Improved 13 percent
 
Active cars online
Improved 28 percent
Improved 25 percent
 
Terminal dwell
Improved 27 percent (new record)
Improved 27 percent
 
Car miles per car day
Improved 51 percent (new record)
Improved 43 percent
 
Fred Green, President and Chief Executive Officer, said, "The CP team is delivering both revenue growth and operational performance. The record operating metrics are now driving improved financial results. This is evidence that our Multi-Year Plan is the right strategy to produce value for our shareholders."
 
CP has year-over-year growth in grain, coal, industrial and consumer products, particularly in energy. Automotive and intermodal continue to show strength as CP builds on its customer relationships and delivers strong operating service metrics.
 
CP will release its first-quarter financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on 20 Apr 2012. CP will discuss its results with analysts in a conference call beginning at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) on 20 Apr 2012.
 
Conference Call Access
 
Toronto participants dial in number:  (647) 427-7450
Operator assisted toll free dial in number:  1-888-231-8191
Callers should dial in 10 minutes prior to the call.
 
Webcast
 
For those with Internet access we encourage you to listen via CP's website at www.cpr.ca. To access the webcast and the presentation material, click on "Invest In CP" tab.
 
A replay of the conference call will be available by phone through 18 May 2012 at 416-849-0833 or toll free 1-855-859-2056, password 63620027. A webcast of the presentation and an audio file will be available at www.cpr.ca under "Invest In CP" tab.