10-Year Airline and Business Jet Pilot Demand Outlook
Caution regarding forward looking statements
This presentation contains forward-looking statements about our activities, events and developments that we expect to or anticipate may occur in the
future. These forward-looking statements include, without limitation, statements about our vision, strategies, plans, market trends and outlook, future
revenues, capital spending, expansions and new initiatives, financial obligations, and expected sales. Forward-looking statements normally contain words
like believe, expect, plan, intend, continue, estimate, may, will, should, strategy, future and other similar expressions or future or conditional verbs such as
aim, anticipate, believe, could, expect, intend, may, plan, seek, should, strive and will. A statement is forward-looking when it uses what we know and
expect today to make a statement about the future. By their nature, forward-looking statements require us to make assumptions and are subject to inherent
risks and uncertainties associated with our business which may cause actual results in future periods to differ materially from results indicated in forward-
looking statements. While these statements are based on management's expectations and assumptions regarding historical trends, current conditions and
expected future developments, as well as other factors that we believe are reasonable and appropriate in the circumstances, readers are cautioned not to
place undue reliance on these forward-looking statements as there is a risk that they may not be accurate. All such forward-looking statements are made
pursuant to the safe harbour provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.
You will find more information in Section 9-Business risk and uncertainty of our fourth quarter and fiscal year ended March 31, 2018 MD&A. This document
has been filed with the Canadian securities commissions and is available on our website (www.cae.com) and on SEDAR (www.sedar.com). It has also
been filed with the U.S. Securities and Exchange Commission under Form 6-K and is available on EDGAR (www.sec.gov). Forward-looking statements in
this document represent our expectations as of November 13, 2018, and, accordingly, are subject to change after this date. We caution readers that the
risks described are not necessarily the only ones we face; additional risks and uncertainties that are presently unknown to us or that we may currently
deem immaterial may adversely affect our business. Additionally, differences could arise because of events that are announced or completed after the date
of this document, including mergers, acquisitions, other business combinations and divestitures. Except as required by law, we disclaim any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The forward-looking
information and statements contained in this report are expressly qualified by this cautionary statement.
The terms "segment operating income (SOI)", "backlog", "book-to-sales", "free cash flow", "return on capital employed", "net debt", "net-debt-to-capital
ratio", "earnings per share (EPS) before specific items", "capital expenditures (capex)”, “operating profit", "gross profit", and "non-cash working capital" are
non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures
presented by other issuers. Refer to the definitions in this presentation and to Section 5- Non-GAAP and other financial measures in our second quarter
ended September 30, 2018 MD&A for more details.
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