Q3 2023 Financial Summary Presentation
Liquidity and Capital Resources
Cash
(in US$ millions)
Long-Term Debt
Sept 30, 2023
Dec 31, 2022
$22.1
$15.1
$378.8
$360.2
Net Debt before lease liabilities
(total debt, including current portion and bank
$356.8
$345.1
indebtedness, net of cash)
Lease liabilities
$692.1
$617.9
Total debt, net of cash
$1,048.8
$963.0
Net Debt before lease liabilities /
Adjusted EBITDA
1.6x
2.2x
(adjusted for property lease payments)
*Adjusted EBITDA is a non-GAAP financial measure and is not a standardized financial measure under International Financial Reporting
Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, please see "Non-
GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated November 10, 2023) for the period ended September 30, 2023.
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