Alimentation Couche-Tard Investor Presentation
NON-IFRS MEASURES
Non-IFRS Measures
To provide more information for evaluating the Corporation's performance, the financial information included in this
presentation contains certain data that are not performance measures under IFRS ("non-IFRS measures"), which are
also calculated on an adjusted basis to exclude specific items. We believe that providing those non-IFRS measures is
useful to management, investors, and analysts, as they provide additional information to measure the performance
and financial position of the Corporation.
The following non-IFRS financial measures are used in this presentation:
Gross profit;
Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA") and adjusted
EBITDA
Adjusted net earnings;
Interest-bearing debt; and
Free cash flow, including Net capex and Other.
The following non-IFRS ratios are used in our financial disclosures:
•
Road transportation fuel gross margin and Road transportation fuel breakeven gross margin;
Normalized growth of operating, selling, general and administrative expenses;
Growth of same-store merchandise revenues for Europe and other regions;
Adjusted diluted net earnings per share;
Leverage ratio;
Return on equity and return on capital employed;
•
Capex (as % of EBITDA); and
EBITDA to Free cash flow
Supplementary financial measures are also used in our financial disclosures and those measures are described
where they are presented.
Non-IFRS financial measures and ratios are mainly derived from the consolidated financial statements, but do not
have standardized meanings prescribed by IFRS. These non-IFRS measures should not be considered in isolation or
as a substitute for financial measures prepared in accordance with IFRS. In addition, our definitions of non-IFRS
measures may differ from those of other public corporations. Any such modification or reformulation may be
significant. These measures are also adjusted for the pro forma impact of our acquisitions and impacts of new
accounting standards, if they are considered to be material.
Alimentation Couche-Tard | Investor Presentation
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