Investor Presentaiton

Adjusted EBITDA Margin Adjusted EBITDA Capital Expenditures Adjusted EBITDA includes the adoption of IFRS 16 in 2019 2014 Stabilize Adjusted EBITDA and Cash Flow All $ figures in CAD millions 2015 $16.2 $12.6 31.6% 31.9% 32.1% $18.4 $18.9 23.2% 23.9% $12.9 $13.0 $9.4 $9.2 $8.2 $7.8 $7.4 2016 2017 2018 2019 TeraGo 14 $17.5 35.5%

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