Aritzia Q3 2024 Investor Presentation
Non-IFRS Measures and Retail Industry Metrics
This presentation makes reference to certain non-IFRS measures and certain retail industry metrics. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by
IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by
providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial
information reported under IFRS. We use non-IFRS financial measures including "EBITDA," "Adjusted EBITDA," and "Adjusted Net Income"; non-IFRS ratios including "Adjusted Net Income per Diluted Share," "Adjusted
EBITDA as a percentage of net revenue," and "Adjusted Net Income as a percentage of net revenue"; and capital management measures including "capital cash expenditures (net of proceeds from lease
incentives)," and "free cash flow." This presentation also makes reference to "gross profit margin" as well as "comparable sales growth (decline)," which are commonly used operating metrics in the retail industry
but may be calculated differently by other retailers. Gross profit margin and comparable sales growth (decline) are considered supplementary financial measures under applicable securities laws. These non-IFRS
measures and retail industry metrics are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent
when relying solely on IFRS measures. We believe that securities analysts, investors and other interested parties frequently use non-IFRS measures and retail industry metrics in the evaluation of issuers. Our
management also uses non-IFRS measures and retail industry metrics in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to
determine components of management compensation.
For additional information regarding measures, please see the "How We Assess the Performance of Our Business" and "Selected Financial Information" sections of our Q3 2024 MD&A, available on SEDAR+ at
www.sedarplus.ca, which is incorporated herein by reference.
A quantitative reconciliation of Adjusted EBITDA and Adjusted Net Income to Net Income for Q3 2024, Q2 2024, Q1 2024, and Fiscal 2023 to Fiscal 2016, respectively, can be found on page 6 of our interim MD&A for
the third quarter of Fiscal 2024 dated January 10, 2024, on page 6 of our interim MD&A for the second quarter of Fiscal 2024 dated September 28, 2023, page 6 of our interim MD&A for the first quarter of Fiscal
2024 dated July 11, 2023, page 8 of our annual MD&A for Fiscal 2023 dated May 2, 2023, page 8 of our annual MD&A for Fiscal 2022 dated May 5, 2022, page 7 of our annual MD&A for Fiscal 2021 dated May 11, 2021,
page 15 of our annual MD&A for Fiscal 2020 dated May 28, 2020, page 12 of our annual MD&A for Fiscal 2019 dated May 9, 2019, page 13 of our annual MD&A for Fiscal 2018 dated May 10, 2018 and page 11 of our
annual MD&A for Fiscal 2017 dated May 10, 2017 filed on SEDAR+ at www.sedarplus.ca, which reconciliations are incorporated herein by reference.
Certain Other Matters
All dollar amounts included in this presentation refer to Canadian dollars unless otherwise indicated. Unless otherwise expressly stated herein, all information provided in this presentation is presented as of January
10, 2024. Any graphs, tables or other information demonstrating our historical performance, or any other entity contained in this presentation, are intended only to illustrate past performance of such entities and
are not necessarily indicative of our future performance or such entities.
4 - Aritzia Q3 2024 Investor Presentation
ARITZIAView entire presentation