ATS End-to-End Automation Solutions Pitch
TM
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
The following table reconciles adjusted EBITDA and EBITDA to the most directly
comparable IFRS measure (net income) (in millions of dollars):
(C$ mm)
Order Backlog Continuity (in millions of dollars)
■// ATS
F2018 F2019 F2020 F2021 F2022 | F2023
Adjusted EBITDA
137.2 162.6 192.8 208.0
Restructuring charges
11.2
26.6
14.3
359.5 401.2
5.9
27.5
Gain on sale of facilities
(5.3)
Q3 Q3
F2024 F2023
119.3 100.7
16.2 10.5
(11.7)
Measure (C$ mm)¹
F2018 F2019 F2020
F2021 F2022 F2023
Opening Order Backlog
681
746
904
942
1,160
Q3
F2024
1,438 2,153
Revenues
(1,115) (1,254) (1,430) (1,430)
(2,183) (2,577) (2,241)
Acquisition-related
4.7
1.5
6.7
12.0
3.1
0.9
0.7
transaction costs
Order Bookings
1,182 1,408 1,468 1,626
2,456 3,256 2,100
Acquisition-related inventory
I
25.7
9.2
0.8
Order Backlog
fair value charges
Contingent consideration
adjustment
(2)
4
-
22
5
36 (105)
Adjustments
-
|
(5.6)
(1.7)
-
-
Ending Order Backlog
746
904
942
1,160
1,438 2,153 1,907
Mark to market portion of
3.9
0.7
stock based compensation
(2.3)
7.3
EBITDA
122.1
15.6 13.4 (0.6) 5.6
157.2 167.0 190.6 302.0 348.0 113.7 83.9
Less: depreciation and
36.6
42.4
71.4
71.0 115.4
125.5
35.2
27.9
amortization expense
Earnings from operations
85.5
Less: net finance costs
23.8
114.8 95.6
20.9 28.1
119.6
40.1
186.6 222.5
32.2 62.7
78.5
56.0
17.5
19.7
Less: provision for income
14.4
23.1 14.6
15.4
33.0
32.1
13.8
7.1
taxes
Net income
47.3
70.8
52.9
64.1 121.4
127.7
47.2 29.2
1 Order Backlog ties to supplemental measure, not Non-IFRS to IFRS reconciliation
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