Capital Markets Overview
Non-GAAP Measures Quantitative Reconciliation
Net Working Capital Reconciliation ($M)
*
Free Cash Flow Reconciliation ($M)
Trade and Other Receivables
Unbilled Revenue
Inventories
Prepaid Expenses
Less
Trade and Other Payables
Provisions
September 30, 2021
870.4
674.7
26.4
69.8
Q3 2021
2020
TTM
Y/E
Profit Before Income Taxes
Finance cost
Finance income
Operating Profit
101.1
124.0
41.1
26.9
(0.6)
(1.1)
141.6
149.9
Depreciation and amortization
93.5
91.7
995.1
(Gain) Loss on sale of assets
(12.5)
(8.8)
23.4
Income from projects accounted for using the equity
method
(14.6)
(14.2)
Deferred Revenue
Net Working Capital
456.4
@
Equity Project EBITDA
53.1
46.0
166.4
@
Adjusted EBITDA
261.1
264.5
Cash interest paid
(40.9)
(43.6)
Cash interest received
0.6
1.6
Purchase of property, plant and equipment
(28.1)
(37.7)
Equity Project EBITDA Reconciliation ($M)
Proceeds on sale of property, plant and equipment
Increase in intangible assets
8.1
6.3
(2.7)
(3.2)
Q3 2021
2020
Income taxes paid
(67.8)
(20.4)
TTM
Y/E
Free Cash Flow before Working Capital and net JV
130.4
167.6
Operating profit of projects accounted for using the
equity method
52.3
45.2
Impact
Change in other balances related to operations
Equity Project EBITDA
(22.6)
80.5
(53.1)
(46.0)
Depreciation and amortization of projects
accounted for using the equity method
0.8
0.8
Distributions from projects accounted for using the
equity method
3.8
2.0
Equity Project EBITDA
53.1
46.0
FREE CASH FLOW
58.5
204.2
ACCON
This is a non-GAAP financial measure. Refer to Section 4 "Non-GAAP And Supplementary Financial Measures" in the Company's Q3 2021 MD&A
* Totals may not add due to rounding
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