Investor Presentation
Non-IFRS Financial Measures
Non-IFRS Measure
Adjusted net earnings per
share
Free Cash Flow
Net debt
Net debt to Adjusted
EBITDA ratio
Definition
Adjusted net earnings per share represents Adjusted net earnings divided by the weighted average number of common shares outstanding
for the relevant period.
The Company uses Adjusted net earnings per share for purposes of evaluating performance and profitability, excluding items that are not in
the normal course of operations of the Company, net of income taxes, on a per share basis.
This measure corresponds to net cash flows related to operating activities according to the consolidated statements of cash flows less
additions (net of disposals) to property, plant and equipment and intangible assets.
Management considers Free Cash Flow to be a good indicator of the Company's financial strength and operating performance because it
shows the amount of funds available to manage growth, repay debt and reinvest in the Company. Management considers this measure
useful to provide investors with a perspective on its ability to generate liquidity, after making capital investments required to support
business operations and long-term value creation.
Net debt represents the Company's total debt, net of deferred financing costs and cash.
The Company uses Net debt as an indicator of its indebtedness level and financial leverage as it represents the amount of debt that is not
covered by available cash. Management believes that investors could benefit from the use of net debt to determine a company's financial
leverage.
Net debt to Adjusted EBITDA ratio represents Net debt divided by trailing 12-month (TTM) Adjusted EBITDA.
This ratio is used by management to monitor the Company's financial leverage and management believes certain investors use this ratio as
a measure of financial leverage.
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