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
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