Telesat Investment Highlights
Consistent and stable historical financial performance - high
operating margins and strong free cash flow
Revenue
85%
77%
$759
86%
$820
$758
2020
80%
2020
2021
Beginning of Year Backlog as % of Revenue
Adj. EBITDA Margins
79%
2021
Adj. EBITDA¹
$ 653
$ 600
$ 568
2022
2020
2021
Free Cash Flow²
$ 637
$ 595
75%
2022
2020
2021
1 Adjusted EBITDA and Adjusted EBITDA margin are non-IFRS measures. Please refer to the Appendix for a reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to net income.
2 Free Cash Flow defined as Adj. EBITDA less Capex. Free Cash Flow is a non-IFRS measure. Please refer to the Appendix for a reconciliation of Free Cash Flow to Net Income.
Note: All figures in millions of Canadian dollars.
TELESAT.
2022
$ 563
2022
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