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Transformed with L3Harris Military Training

FINANCIALS RECONCILIATION OF NON-IFRS MEASURES Reconciliation of adjusted net income and adjusted earnings per share (EPS) (Three months ended June 30) (Amounts in millions, except per share amounts) Net income attributable to equity holders of the Company Restructuring, integration and acquisition costs, after tax Adjusted net income Average number of shares outstanding (diluted) Adjusted EPS 36 Calculation of adjusted effective tax rate (Three months ended June 30) (Amounts in millions, except effective tax rates) Earning before income tax Restructuring, integration and acquisition costs Adjusted earnings before income taxes Income tax expense Tax impact on restructuring, integration and acquisition costs Adjusted income tax expense Effective tax rate Adjusted effective tax rate CAE Inc. Proprietary Information and/or Confidential 2023 2022 65.3 1.7 11.5 15.9 $76.8 $17.6 318.8 318.2 $0.24 $0.06 2023 2022 76.0 3.2 15.0 21.5 $91.0 $24.7 8.2 (0.5) 3.5 5.6 $11.7 $5.1 11% (16%) 13% 21% CAE
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