1st Quarter 2024 Business and Subsequent Highlights
FINANCIAL RESULTS
Business Model Leading to High Margins & High Cash
Generation
Adjusted EBITDA (1) and Net Income
Cash Flow
$104.2
$118.1
$114.3
$114.1
$116.3
$94.9
$88.1
$86.9
$99.3
$83.7
$78.4
$74.4
$14.0
$45.1
$33.3
$34.8
$30.1
$66.5
$63.7
$56.9
FY20
FY21
(Covid-19)
FY22
(Covid-19)
FY23
FY24 LTM
FY20
FY21
(Covid-19)
FY22
(Covid-19)
FY23
FY24 LTM
Adjusted EBITDA (1)
Net income
I Cash flows from operating activities
Adjusted Free Cash Flow (1)
All in CAD$ millions. Note 1: This is a non-IFRS measure and is not a standardized financial measure. Our method of calculating such financial measures may differ from the methods used by other
issuers and, accordingly, our definition of these non-IFRS financial measures may not be comparable to similar measures presented by other issuers. Refer to "Supplemental Information on Non-IFRS
Measures" on page 6 for more information on each non-IFRS measure and for reconciliations to the most directly comparable IFRS financial measure, refer to "Non-IFRS Measures Reconciliations" on
page 8 and "Reconciliation of Quarterly Non-IFRS Measures" on page 18 of our MD&A for the quarter ended on June 30, 2023 available on SEDAR at www.sedar.com.
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