Investor Presentaiton
Q1 2023 Financial Summary
Sales
(US$ millions, except per share and percent amounts)
Gross Profit
Adjusted EBITDA*
Adjusted EBITDA Margin*
Adjusted Net Earnings*
Adjusted Net Earnings* per share
3-months ended
Mar 31,
Mar 31,
2023
2022
$714.9
$556.8
$327.0
$245.4
$84.7
$53.8
11.8%
9.7%
$21.2
$2.1
$0.99
$0.10
*Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Earnings and Adjusted Net Earnings per share are non-GAAP financial measures and ratios and
are not standardized financial measures under International Financial Reporting Standards and might not be comparable to similar financial measures
disclosed by other issuers. For additional details, including a reconciliation of each non-GAAP financial measure to its nearest GAAP equivalent, please see
"Non-GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated May 10, 2023) for the period ended March 31, 2023. A copy of Boyd's MD&A filing
(dated May 10, 2023) for the period ended March 31, 2023, can be accessed via the SEDAR Web site (www.sedar.com)
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