Investor Presentaiton
Q1 2021 Results Continued
Record Setting First Quarter
($M, unless otherwise noted)
Consolidated Revenue
Gross Profit %
Q1 2021
Q1 2020
Change
969.8
708.8
36.8%
17.3%
16.5%
0.7 ppts
Adjusted EBITDA1
47.2
5.7
723.1%
Adjusted EBITDA %
4.9%
0.8%
4.1 ppts
Adjusted EBITDA Pre-IFRS 16
36.1
-4.4
912.9%
Adjusted EBITDA Pre-IFRS 16 %
3.7%
-0.6%
4.3 ppts
Same Store Used to New Ratio
Net Debt
Net Debt / TTM Adj. EBITDA
Free Cash Flow TTM
1.19
1.08
10.2%
73
170
-$97
0.7x
3.2x
-2.5x
144.6
105.0
38%
1 Captured within first quarter Adjusted EBITDA of $47.2 million is CEWS income of $2.9 million, rent subsidy of $0.2 million
and the forgiveness of $5.4 million of Paycheck Protection Program ("PPP") loans received at U.S. dealerships in Q2 2020.
Excluding these typically non-recurring income items, normalized Adjusted EBITDA was $38.7 million for the quarter.
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