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
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