Management Presentation
BALANCE SHEET, PROACTIVE COST AND LIQUIDITY MANAGEMENT
Secured Debt Balance - December 31, 2022
Pandemic Liquidity Measures
($M)
Maturity
Available to Draw
Face Value
Financing Events
($M)
Other Liquidity Events
($M)
Bank Credit Facility
Nov-24
$204
$327
Convertible Debentures
$316
SCENE Proceeds
$60
Notes Payable
Feb-26
$250
Notes Payable
$250
Head Office Sale
$57
Lease Rights
$33
Total
$204
$577
Tax Losses
$63
Bank Credit Facility:
Landlord abatements
$82
Covenants:
•
$204 million in liquidity as of December 31, 2022
•
.
Q4 2022: Compliant with total leverage of 3.69x vs. covenant
requirement of 3.75x
Total
Subsidies & Rebates
$182
$566
Total
$477
$1,043 million in pandemic liquidity measures to date
since Q2 2020
As business continues to ramps up, we will focus on reaching our target leverage ratio of 2.5x-3.0x
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