ATS End-to-End Automation Solutions Pitch
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
The following table reconciles net debt to the most directly comparable IFRS
measure (in millions of dollars):
■ATS
The following table reconciles free cash flow to the most directly
comparable IFRS measure (in millions of dollars):
(C$ mm)
Measure (C$ mm)
F2018
FY2019 FY2020 FY2021 FY2022 FY2023
Cash flows provided by operating activities
YTD Q3
F2024
11.2
Cash and cash equivalents
330.2
224.5
358.6
187.5
135.3
159.9
Bank indebtedness
(2.7)
(2.0)
(4.6)
(1.1)
(1.8)
(5.8)
Acquisition of property, plant and equipment
(46.5)
Current portion of long-term
debt
Acquisition of intangible assets
(16.0)
(0.4)
(18.6)
(0.1)
(0.1)
-
(0.1)
Free Cash Flow
(51.3)
Long-term debt
(315.1)
(328.2)
(598.0)
(430.6) (1,016.7) (1,155.7)
Net cash (debt) prior to IFRS 16
12.0
(124.3) (244.1)
(244.3)
(883.2) (1,001.7)
Lease liabilities
-
(62.9) (73.0)
(82.9) (97.3)
Net cash (debt)
12.0
(124.3)
(307.0) (317.2)
(966.1) (1,099.0)
Net Debt to Adjusted EBITDA
(C$ mm)
F2018
FY2019
FY2020 FY2021 FY2022 FY2023
Net Debt
12.0
(124.3)
(307.0)
(317.3)
(966.1) (1,099.0)
Adjusted EBITDA (LTM)
137.2
162.6
192.8
208.0
359.5
401.2
Historical Leverage (Net
-0.1x
0.8x
1.6x
1.5x
2.7x
2.7x
Debt/Adj. EBITDA)
23
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