CAE Financial and Business Overview slide image

CAE Financial and Business Overview

Reconciliation of non-GAAP measures Reconciliation of segment operating income and segment operating income before specific items (amounts in millions) Operating (loss) profit Restructuring costs Segment operating (loss) income (SOI) Net costs incurred in relation to the COVID-19 pandemic(1) SOI before specific items Reconciliation of net income before specific items and earnings per share before specific items 37 Q1 FY21 Q2 FY21 Q3 FY21 YTD FY21 $(110.3) $28.2 $82.9 $0.8 - 51.1 14.3 65.4 $(110.3) $79.3 $97.2 $66.2 108.2 $(2.1) $79.3 108.2 $97.2 $174.4 Q1 FY21 Q2 FY21 Q3 FY21 YTD FY21 (amounts in millions, except per share amounts) Net (loss) income attributable to equity holders of the Company Restructuring costs, after tax $(110.6) $(5.2) 39.4 $48.8 11.2 $(67.0) 50.6 Net costs incurred in relation to the COVID-19 pandemic (1), after tax 80.3 80.3 Net (loss) income before specific items $(30.3) $34.2 $60.0 $63.9 Average number of shares outstanding (diluted) 265.7 265.8 273.0 268.1 (Loss) earnings per share before specific items $(0.11) $0.13 $0.22 $0.24 Other CAE also received certain amounts under COVID-19 government support programs, mostly the Canada Emergency Wage Subsidy (CEWS) program, throughout fiscal 2021. If the amount of COVID-19 government support programs credited to income, for the three- and nine-month periods ended December 31, 2020, was taken into account, segment operating income (loss) before specific items would have been $86.6 million and $84.2 million, net income (loss) before specific items would have been $52.2 million and $(2.3 million) and EPS before specific items would have been $0.19 and $(0.01), in each case, respectively. If the amount of COVID-19 government support programs credited to income, for the three-month period ended September 30, 2020, was taken into account, segment operating income before specific items would have been $44.1 million, net income before specific items would have been $8.4 million and EPS before specific items would have been $0.03. If the amount of COVID-19 government support programs credited to income, for the three-month period ended June 30, 2020, was taken into account, segment operating loss before specific items would have been $(46.5) million, net loss before specific items would have been $(62.9 million) and EPS before specific items would have been $(0.24). (1) Mainly from impairment charges on non-financial assets and amounts owed from customers. CAE Inc. Proprietary Information and/or Confidential CAE
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