Investor Presentation
capitalization
AR
pro-forma share count (in millions, treasury method)
Share Price as of 6/30/2022 (USD):
Subordinate Voting Shares
Multiple Voting Shares
Exchangeable Shares
Warrants (net shares)
Current Ayr Treasury Method Shares (excl. unvested LTIP)¹
Exchangeable Shares for pending M&A²
Treasury Method Shares (pro-forma)³
$4.96
58.1
3.7
7.1
68.9
2.1
71.0
pro-forma net debt outstanding
(USD Millions)
Senior Secured Debt (6/30/2022)
Seller Notes and other (6/30/2022)
Seller Notes (pending M&A)²
Total pro-forma Debt
Cash on Balance Sheet (6/30/2022)
Cash to be paid for pending M&A²
Net Debt
1) Excludes impact of contingent consideration; fair value of $121m as of 6/30/2022; 15% payable in cash c.Q2 2023, 55% payable in stock struck March-April 2023; remainder payable debt in 2023
2) Pro-forma for pending M&A transactions as of 6/30/2022 (D33 and Tahoe Hydro); 90% of Seller Notes payable between Q2 2024 and Q1 2025
3) Excludes Ayr granted but unvested service-based LTIP shares totaling 6.4 million
CSE:AYR.A | OTC:AYRWF
$245.0
210.5
3.0
$458.6
$116.7
$12.0
$353.8
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