Investor Presentaiton
2024 Targets Reflect Solid Business Momentum and Good Visibility
Revenue
$950-$1,050M
Adjusted EBITDA (ex. non-recurring) (1,2)
$808M
$641M
$477M
$412M
$190-$210M
$174M
$141M
$112M
$85M
Adjusted
Adjusted
Adjusted
Adjusted
Adjusted
EBITDA
EBITDA
EBITDA
EBITDA
EBITDA
Margin
Margin
Margin
Margin
Margin
20.7%
23.5%
22.0%
21.6%
-19%-20%
2020
2021
2022
2023
2024E
2020
2021
2022
2023
2024E
~80% of expected 2024 revenues currently in backlog
1) Non-IFRS measure
providing good visibility
Solid and stable adjusted EBITDA margin driven by strong
program execution and disciplined cost control
2) Non-recurring items comprised of Canada Emergency Wage Subsidy (CEWS) income received in 2020/2021 and historical Investment Tax Credit (ITC) settlement income recognized in 2022
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