Q3-24 ACT Investor Presentation
Non-IFRS Accounting Standards Measures
Non-IFRS Accounting Standards Measures
To provide more information for evaluating the Corporation's performance, the financial information included in this
presentation contains certain data that are not performance measures under IFRS Accounting Standards as issued by the
International Accounting Standards Board ("IFRS Accounting Standards"), which are also calculated on an adjusted basis to
exclude specific items. Those performance measures are called "Non-IFRS Accounting Standards measures". We believe that
providing those Non-IFRS Accounting Standards measures is useful to management, investors, and analysts, as they provide
additional information to measure the performance and financial position of the Corporation.
The following Non-IFRS Accounting Standards financial measures are used in this presentation:
Gross profit;
Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA") and adjusted EBITDA;
Adjusted net earnings attributable to shareholders of the Corporation;
Interest-bearing debt and net interest-bearing debt;
Free cash flow, including Net capex and Other.
The following Non-IFRS Accounting Standards ratios are used in this presentation:
Road transportation fuel gross margin and Road transportation fuel breakeven gross margin;
Growth of (decrease in) same-store merchandise revenues for Europe and other regions;
Adjusted diluted net earnings per share;
Leverage ratio;
Return on equity and return on capital employed;
Capex as % of EBITDA;
Free cash flow to EBITDA.
Supplementary financial measures are also used in our financial disclosures and those measures are described where they
are presented.
Non-IFRS Accounting Standards financial measures and ratios are mainly derived from the consolidated financial statements,
but do not have standardized meanings prescribed by IFRS Accounting Standards. These Non-IFRS Accounting Standards
measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with IFRS
Accounting Standards. In addition, our definitions of Non-IFRS Accounting Standards measures may differ from those of other
public corporations. Any such modification or reformulation may be significant. These measures are also adjusted for the pro
forma impact of our acquisitions and impacts of new accounting standards, if they are considered to be material.
Gross profit. Gross profit consists of revenues less the cost of sales, excluding depreciation, amortization and impairment. This
measure is considered useful for evaluating the underlying performance of our operations.
The table below reconciles revenues and cost of sales, excluding depreciation, amortization and impairment, as per IFRS
Accounting Standards, to gross profit:
(in millions of US dollars)
Revenues
Cost of sales, excluding depreciation, amortization and impairment
Gross profit
16-week period
16-week period
ended
ended
February 4, 2024 January 29, 2023
19,622.0
16,180.5
3,441.5
53-week period
ended
April 30, 2023
20.055.1
71,856.7
16.654.6
59.804.6
52-week period
ended
April 24, 2022
62,809.9
51,805.1
3,400.5
12.052.1
11,004.8
Please note that the same reconciliation applies in the determination of gross profit by category and by geography presented
in the section "Summary Analysis of Consolidated Results" of our Management Discussion & Analysis for the 53-week period
ended April 30, 2023 and for the 16 and 40-week periods ended February 4, 2024 available on SEDAR+ at www.sedarplus.ca.
Q3-24 ACT Investor Presentation
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