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Non-GAAP Financial Measures
The Company uses (i) earnings before net finance expense, income tax expense, depreciation and amortization, impairments, foreign exchange gains or losses, finance expense and depreciation expense from joint venture interests, gains or losses on disposals and unrealized changes in fair value of commodity derivatives and emission credits (adjusted EBITDA) and (ii) AFFO as financial performance measures.
These terms are not defined financial measures according to GAAP and do not have standardized meanings prescribed by GAAP and, therefore, are unlikely to be comparable to similar measures used by other enterprises. These measures should not be considered alternatives to net income, net cash flows from operating activities or other measures of financial performance calculated in accordance with GAAP. Rather, these measures are provided to complement GAAP measures in the analysis of the Company’s results of operations from management’s perspective.
Additional disclosure around the Company’s non-GAAP financial measures, including reconciliations of these non-GAAP financial measures to their nearest GAAP financial measures are disclosed in the Business Report section of the Company’s Integrated Annual Report, prepared as of
Forward-looking Information
Forward-looking information or statements included in this press release are provided to inform the Company’s shareholders and potential investors about management’s assessment of Capital Power’s future plans and operations. This information may not be appropriate for other purposes. The forward-looking information in this press release is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes.
Material forward-looking information in this press release includes disclosures regarding the expected adjusted EBITDA and AFFO impacts of the recent extreme weather event in central
These statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements relate largely to electricity pricing. Whether actual results will conform to the Company’s expectations and predictions is subject to revisions to electricity pricing during the applicable periods of extreme weather as well as the success and impacts of potential mitigating actions, which could cause actual results to differ materially from the Company’s expectations. See Risks and Risk Management in the Business Report section of the Company’s Integrated Annual report for the year ended
Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
About
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Media Relations: (780) 392-5335 kperron@capitalpower.com | Investor Relations: (780) 392-5305 or (866) 896-4636 (toll-free) investor@capitalpower.com |
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