(R)Evolution 2009-2050: Transforming Energy
Non-GAAP financial measures
The Company uses (i) earnings before net finance expense, income tax expense, depreciation and
amortization, impairments, foreign exchange gains or losses, finance expense and depreciation
expense from its joint venture interests, gains or losses on disposals and unrealized changes in fair
value of commodity derivatives and emission credits (adjusted EBITDA), (ii) AFFO, and (iii) AFFO per
share as financial performance measures.
These terms are not defined financial measures according to GAAP and do not have standardized
meanings prescribed by GAAP and, therefore, are unlikely to be comparable to similar measures used
by other enterprises. These measures should not be considered alternatives to net income, net income
attributable to shareholders of the Company, net cash flows from operating activities or other measures
of financial performance calculated in accordance with GAAP. Rather, these measures are provided to
complement GAAP measures in the analysis of the Company's results of operations from
management's perspective.
Reconciliations of these non-GAAP financial measures are disclosed in the Company's Management's
Discussion and Analysis prepared as of October 26, 2021 for the third quarter of 2021, which is
available under the Company's profile on SEDAR at SEDAR.com and on the Company's website at
capitalpower.com.
33View entire presentation