Investor Presentaiton
EBITDA Expansion
Stable EBITDA growth driven by
revenue growth and operational
execution
24.2
28.8
2011
2012
30.6
30.2
29.5
30
28.4
IPO
2013
2014
2015
2016
2017
43.6
39
38.1
2018
2019
2020
60.5
2021
Represents consolidated EBITDA for the years ended December 31 in CAD millions. EBITDA is not recognized as a measure under IFRS and does not have a
standardized meaning prescribed by IFRS and, therefore, they may not be comparable to similar measures reported by other companies; refer to section 8.8 "Non-
IFRS financial measures" and section 2 "Consolidated Financial Analysis" for a reconciliation of EBITDA and adjusted EBITDA to net income in Management's
Discussion & Analysis for the year ended December 31, 2021.
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