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Investor Presentaiton

in millions $ Reducing Total Net Debt (1) The leverage ratio in 2020 was impacted by the pandemic. The leverage ratio excluding IFRS 16 stands at 3.0x in 2020 $500 $450 $400 3,4x $350 3,4x $300 2,7x $250 2,3x $200 $150 Acquired FM $100 Sold Uni-Select $50 USA, Inc. $0 2011 2012 2013 2014 2015 Total net debt [5] UNI-SELECT® 5,0 4,2x 4,5 4,0 3,6x 3,5x 3,5x 3,5 3,0 2,5 2,0 1,0x Acquired TPA 1,5 1,0 0,5 0,0 2016 2017 2018 2019 2020 Total net debt to adjusted EBITDA (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. Note: The total net debt calculation is excluding the convertible debentures which are considered equity for ratio purposes. FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE [3 Bumper to Bumper Auto Parts Plus® Parts Alliance Local National Strength 37
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