Q4 and Full Year 2023 Investor Presentation
Sustained, Strong
Financial Foundation
with Flexibility for
Continued Growth
+
Very positive return and
capital efficiency metrics
in millions of Canadian dollars
December 31, 2023
Operating Cash Flow(4)
Accessible cash
$ 80
Held in joint operations accounts
$ 63
Restricted cash
$35
140
Cash and cash equivalents
$ 178
Loans and borrowings
-37%
120
(current and long-term)
$ 73
5 Year
Adjusted Net Debt(2)
CAGR
$ (7)
Working Capital
$ 234
100
Shareholders' equity
$ 322
80
20%
Long-term Loans &
Borrowings to Equity(1)
27%
Return on Equity(3)
1.26
Current Ratio(1)
(0.05x)
Adjusted Net Debt/
TTM Adjusted EBITDA (1)
Syndicated Credit Facility
60
Committed Revolving Credit
Facility
$ 250
Non-committed Accordion Feature
$ 50
40
Committed Non-revolving Term
Debt Facilities
$ 61.5
20
Syndicated Credit Facility Maturity
December 15, 2026
(1)
Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
(2)
(3)
(4)
Adjusted Net Debt is a non-GAAP financial measure. Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
"Return on Equity" (ROE) is a supplementary financial measure representing adjusted earnings as a percentage of opening total shareholders equity.
Operating Cash Flow - Refer to the consolidated statement of cash flows - "Cash flows from operations before changes in non-cash working capital".
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2019
2020
2021
2022
2023
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