Investor Presentaiton
APPENDIX B: OFFERING HISTORY
The following table summaries the equity offerings Alaris has completed since its public listing
in November 2008.
Date of
Announcement
Shares
Issued
Gross
Price on
Proceeds
Closing
Issue Price
(000's)
($000's) Date Closed
Date
30-Sep-09
$ 6.00
2,300 $
13,800
22-Oct-09 $
7.75
27-Apr-10
$ 9.00
2,080 $
18,720
18-May-10 $
9.24
29-Nov-10
$
10.50
2,477 $
21-Nov-11
$ 16.25
2,465 $
26,009
40,050
13-Jun-12
$ 19.50
18-Dec-12
$ 22.00
25-Jun-13
$ 30.90
6-Jun-14
$ 26.70
25-Jun-15
$ 30.50
18-Nov-20
$ 13.75
Totals
2,515 $ 49,043
2,461 $ 54,142
3,427 $ 105,894
3,274 $ 87,418
3,772 $ 115,035
3,347 $ 46,014
28,117 $ 556,126
26-Dec-10 $
12-Dec-11 $ 16.80
27-Jun-12 $ 20.77
11-Jan-13 $ 25.36
16-Jul-13 $ 32.91
25-Jun-14 $
29.36
16-Jul-15 $ 31.29
8-Dec-20 $ 14.61
11.46
ALARIS
EQUINO
NON-IFRS MEASURES
The terms EBITDA, Normalized EBITDA and Payout Ratio are financial measures used in this presentation hat are not standard measures under International Financial
Reporting Standards (IFRS). The Trust's method of calculating EBITDA, Normalized EBITDA and Payout Ratio may differ from the methods used by other issuers.
Therefore, the Trust's EBITDA, Normalized EBITDA and Payout Ratio may not be comparable to similar measures presented by other issuers.
EBITDA refers to net earnings (loss) determined in accordance with IFRS, before depreciation and amortization, net of gain or loss on disposal of capital assets, interest
expense and income tax expense. EBITDA is used by management and many investors to determine the ability of an issuer to generate cash from operations.
Management believes EBITDA is a useful supplemental measure from which to determine the Trust's ability to generate cash available for debt service, working capital,
capital expenditures, income taxes and distributions. The Trust provides a reconciliation of net income to EBITDA in its quarterly and annual management discussion and
analysis.
Normalized EBITDA refers to EBITDA excluding items that are non-recurring in nature, such as gains associated with the reduction of interest in one partner and an
impairment loss in another with which the Trust has transacted. Management deems non-recurring charges to be unusual and/or infrequent charges that the Trust incurs
outside of its common day-to-day operations. Adding back these non-recurring charges allows management to better assess EBITDA from ongoing operations.
Payout Ratio: The term "payout ratio" is a financial measure used in this presentation that is not a standard measure under International Financial Reporting Standards.
Actual Payout ratio means Alaris' total distributions paid over a fiscal year divided by its net cash from operating activities over that same period. Annualized Payout Ratio
means Aláris total annualized distribution per unit expected to be paid over the next twelve months divided by the estimated net cash from operating activities per unit
Alaris expects to generate over the same twelve month period (after giving effect to the impact of all information disclosed to date).
Run Rate Payout Ratio: refers to Alaris' total distribution per unit expected to be paid over the next twelve months divided by the estimated net cash from operating
activities per unit Alaris expects to generate over the same twelve month period (after giving effect to the impact of all information disclosed as of the date of this report).
Earnings Coverage Ratio refers to the Normalized EBITDA of a Partner divided by such Partner's sum of debt servicing (interest and principal), unfunded maintenance
capital expenditures and distributions to Alaris.
IRR refers to internal rate of return, which is a metric used to determine the discount rate that derives a net present value of cash flows to zero. Management uses IRR to
analyze partner returns.
The terms EBITDA, Normalized EBITDA and Payout Ratio should only be used in conjunction with the Trust's annual audited and quarterly reviewed financial statements,
which are available on SEDAR at www.sedar.com.
Date of Presentation: Information contained herein is given as of December 7, 2020 unless otherwise stated.
ALARIS
EQUITY PARTNERS COME TRUST
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