The Investors Centre - Cara Operations Ltd. In Profile

The Investors Centre - Company In Profile

Cara Operations Ltd. (CAO/CAO.A:TSE) Recon. Report
"Would you like fries with that?"
Friday May 4, 2001

Key figures Fiscal 2000:
	YE Fiscal 1999	YE Fiscal 2000	Change (%)
Cash Position	42,902,000	3,217,000	(92.5)
Gross Sales	1,246,050,000	1,526,220,000	22.5
Net earnings	18,991,000	26,471,000	39.4
EPS (Fully diluted)	0.197	0.277	40.6

YE=Year End. For CAO, Year ends in April

Key figures Fiscal 2001:
	Q1 2001	Q2 2001	Q3 2001	Q4 2001
Cash Position	3,168,000	4,450,000	140,984,000	n/a
Gross Sales	379,178,000	387,955,000	408,867,000	n/a
Net earnings	8,242,000	9,837,000	74,650,000*	n/a
EPS (Fully diluted)	0.086	0.102	0.763*	n/a

*Includes sale of Beaver Foods and other unusual items (EPS before this items is 0.099)

Briefs:

Cara operates in two major segments of the foodservice industry in Canada : 1. The branded restaurant segment 2. The institutional foodservices segment.
Cara is the major shareholder of Kelsey's International Inc. and a major investor of The Second Cup Ltd., and The Spectra Group of Great Restaurants, Inc.
Cara is Canada's largest integrated foodservices company.
Recently gained $65 million from the sale of Beaver Foods.

General Information:

Key Management:

CEO/President - Gabe Tsampalieros
CFO/Senior VP/Investor Relations- Michael Forsayeth
Senior VP Marketing and Branding - Stacey Mowbray
Senior VP HR Development/Corporate Secretary - Ian Wilkie
Senior VP Corporate Development - Peter Suurtamm
VP Information Technology - Tony Alleyne
VP/Controller - Rosemary Hall
VP Puchasing - Frank Hennessey

Head Office:

Cara Operations Ltd.
6303 Airport Road
Mississauga, Ontario L4V 1R8
Tel:(905) 405-6500
Fax:(905) 405-6777
Web site:www.cara.com
Email:.nance@cara.com
Email IR: mforsayeth@cara.com
Website: www.cara.com

CAO:TSE Gross Sales and Net Earnings
** Q4 2001 for Cara Operations ended in April 2001, data was not available at time of publishing

Outlook:
Cara continues to strengthen its restaurant chains by providing a greater assortment of food choices to the consumer and by broadening the range of its operations. With the recent sale of its Beaver Foods division, Cara has proven that it can create shareholder value internally.	Cara faces greater competition in the foodservices industry with the ever increasing presence of the US based chains as well as from its Canadian based competitors. With the slowdown in the economy, Cara's future sales may suffer as fewer Canadians choose to "dine out".

Key restaurant operations:
Swiss Chalet	Full service restaurant chain featuring casual family dining, specializing in rotisserie chicken and ribs $363 million sales; 181 restaurants; serving over 40 million clients a yea
Harvey's	Fast food restaurant chain specializing in charbroiled hamburger and related items $267 million sales; 366 restaurants, serving over 50 million clients a yea
Kelsey's	Full service mid-priced casual dining restaurant chain $151 million sales; 79 restaurants
Outback Steakhouse	Full service restaurant chain providing an Australian theme setting $27 million sales; 10 restaurants; operated under franchise from U.S. based Outback International Inc.
Montana's Cookhouse Saloon	Full service restaurant chain in a western lodge and "country-style cooking" $48 million sales; 24 restaurants
Air Terminal Restaurants (ATR)	Food, beverage and merchandise services at airports and other travel venues $61 million sales; 85 food, beverage and merchandise concessions based in Canadian Air Terminals; serving over 12 million clients a year.

The Investors Centre Cara Operations Ltd. Recon Report, April 4, 2001
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