Investor Presentation
Reconciliation of non-GAAP measures
36
Reconciliation of adjusted segment operating income
Q1 FY21
Q2 FY21
Q3 FY21
Q4 FY21
YTD FY21
(amounts in millions)
Operating (loss) income
$(110.3)
$28.2
$82.9
$47.6
$48.4
Restructuring, integration and acquisition costs
51.1
14.3
58.6
124.0
Impairments and other gains and losses incurred in relation to the COVID-19 pandemic (1)
Adjusted SOI
108.2
-
-
108.2
$(2.1)
$79.3
$97.2
COVID-19 government support programs
44.4
35.2
Adjusted SOI excluding COVID-19 government support programs
$(46.5)
$44.1
10.6
$86.6
$106.2
37.2
$280.6
127.4
$69.0
$153.2
Reconciliation of adjusted net income and adjusted earnings per share
(amounts in millions, except per share amounts)
Q1 FY21
Q2 FY21
Q3 FY21
Q4 FY21
YTD FY21
Net (loss) income attributable to equity holders of the Company
$(110.6)
$(5.2)
$48.8
$19.8
$(47.2)
Restructuring, integration and acquisition costs, after tax
39.4
11.2
43.4
94.0
Impairments and other gains and losses incurred in relation to the COVID-19 pandemic (1), after tax
Adjusted net (loss) income
COVID-19 government support programs
80.3
80.3
$(30.3)
$34.2
$60.0
$63.2
$127.1
32.6
25.8
7.8
27.3
93.5
Adjusted net (loss) income SOI excluding COVID-19 government support programs
$(62.9)
$8.4
$52.2
$35.9
$33.6
Average number of shares outstanding (diluted)
Adjusted EPS
Adjusted EPS excluding COVID-19 government support programs
265.7
265.8
273.0
287.3
272.0
$(0.11)
$(0.24)
$0.13
$0.22
$0.22
$0.47
$0.03
$0.19
$0.12
$0.12
(1) Mainly from impairment charges on non-financial assets and amounts owed from customers. This reconciling item does not adjust for any operational elements, including COVID-19 heightened employee costs. During the period, we carried higher employee
costs than we would have otherwise been carrying as amounts received under COVID-19 government support programs either flowed through directly to employees according to the objective of the subsidy programs and the way they were designed in certain
countries, or the amounts were offset by the increased costs we incurred in revoking some of our initial cost saving measures including eliminating salary reductions and bringing back employees who were previously placed on furlough or reduced work
weeks. We also incurred additional operating costs including the purchase of personal protective equipment, increased sanitary measures to protect the health and safety of our employees and costs of safety protocols implemented. These higher costs have
been included in our results. While these additional costs are in certain cases estimated, they almost entirely neutralize the positive impacts of the COVID-19 government support programs.
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