Investor Presentaiton
10 Year Debt Leverage Ratio
Net Debt to Rolling Twelve-Month Adjusted EBITDA*
8.0
6.0
American
Pride.
SEAFOOD
C.WIRTHY&C
4.0
2.0
MUM SEAFOOD
4.1
3.9
3.4
2012***
2013
2014
4.0
2015
Sold New Bedford
Scallop business
3.1
2016
Rubicon
5.9
5.8
2017
2018**
4.1
2019
3.0
3.0
2020
2021
Target (3.0x)
*Please refer to the Company's MD&A for Fiscal 2021 for definition of non-IFRS measures "Adjusted EBITDA" and "Net Debt".
**Does not include rolling twelve-month Adjusted EBITDA for Rubicon Resources, LLC (purchased May 30, 2017)
***Pro forma Icelandic acquisition
In the absence of any major acquisitions or unplanned capital expenditures in 2022, we expect this ratio to be slightly above the Company's long-term target of 3.0x
at the end of Fiscal 2022.
HIGH LINER FOODS
© 2022 High Liner Foods Incorporated
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