Investor Presentation May 2023 slide image

Investor Presentation May 2023

Disclaimers Functional Currency Effective January 1, 2022, the Company changed its presentation currency from CAD$ to US$ to better reflect the Company's business activities, given the significance of US based operations. Unless otherwise noted, all financial information presented in this presentation has been translated into US$ presentation currency. Generally, the selected revenues, expenses and earnings figures have been translated into US$ presentation currency using the average exchange rates prevailing during each reporting period. The selected assets and liabilities have been translated using the period-end exchange rates and shareholder's equity balances have been translated using historical rates in effect at the time of the transactions. The Appendix contains a table providing CAD$:US$ average exchange rates and period end exchange rates for the various periods noted in the presentation. Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA per Share, Adjusted Net Earnings, Adjusted Net Earnings per Share/Adj EPS are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. Such measures are presented in this presentation because management of the Company believes that such measures are relevant in interpreting the effect of the acquisitions on the Company. Such measures, as computed by the Company, may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to similar measures reported by such other organizations. Please see the Appendix to this presentation for the definitions and reconciliations of these Non-IFRS financial measures. REED 3
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