Capital Markets Overview slide image

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 22
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