DISTINCTINFRASTRUCTUREGROUPREPORTSRECORD2016 REVENUE ANDEBITDA FOR IMMEDIATE RELEASE April 27, 2017 TSXV:DUG │OTCQX:DSTFF Toronto, Ontario - Distinct Infrastructure Group Inc. ("Distinct" or the "Company") today released its financial results for the three-month and twelve-month periods ended December 31, 2016. For the twelve-month period ended December 31, 2016 ("FY2016"), the Company had record revenues of $59.6 million, an increase of $22.5 million or 61% as compared to the thirteen-month period ended December 31, 2015 ("FY2015"). Factors contributing to the Company's revenue growth included a continual increase in the number of projects from one of Canada's largest telecommunications company.

"We are extremely pleased with the financial results for 2016 as it is an affirmation of Distinct's business model and strategy to focus on organic growth," said Alex Agius, Co-Chief Executive Officer of the Company. "The Company has been extremely successful in continuing to grow its core business organically by providing its clients with the service and workmanship that they have come to expect from Distinct."

Further commenting on the positive financial results, Joe Lanni, Co-Chief Executive Officer of the Company stated: "The expenditures undertaken by the Company during the first half of 2016, including manpower and equipment, is reflected in the record revenues realized by Distinct in 2016. The Company continues to invest in its core business to facilitate its organic growth while continuing to evaluate potential acquisitions."

Other highlights for FY2016:

  • Adjusted EBITDA of $8.2 million in FY2016 as compared to $6.8 million in FY2015, a 20% increase. Adjusted EBITDA margin was 13.7% in FY2016 compared to 18.4% in the prior fiscal year, a decrease of 4.6% year over year.

  • The majority of top-line and EBITDA growth has been organic, as the Company continues to procure additional projects and increase its book of business with its key clients. Organic growth in Ontario continues to keep pace with its existing customers' increasing workload, fueled by projects initiated by some of Canada's largest communication companies, various utilities and municipalities across the province.

December 31, 2016

December 31, 2015

Total current assets

55,204,500

34,337,754

Total non-current assets

19,588,728

15,947,639

Total Assets

74,793,228

50,285,393

Total current liabilities

21,414,718

8,719,675

Total non-current liabilities

24,523,655

25,050,270

Total Liabilities

45,938,373

33,769,945

Consolidated Financial Highlights

Total Shareholders' Equity

28,854,855

16,515,448

Total Liabilities & Shareholders' Equity

74,793,228

50,285,393

12 months ended

13 months ended

December 31, 2016

December 31, 2015

Revenue

59,651,096

37,104,288

Expenses

Direct costs

42,034,570

24,882,388

Selling, general and administrative

9,662,927

5,428,480

Depreciation

2,891,009

1,587,155

Total expenses

54,588,506

31,898,023

Earnings from operations

5,062,590

5,206,265

Other expenses

Finance expense

3,664,931

976,460

One-time costs

74,270

1,183,122

3,739,201

2,159,582

Income before taxes

1,323,389

3,046,683

Income tax provision

512,800

776,282

Net and comprehensive income

810,589

2,270,401

Earnings per share:

Basic and diluted

0.03

0.11

EBITDA

7,879,329

5,610,298

Adjusted EBITDA

8,182,609

6,814,832

Note: EBITDA and Adjusted EBITDA are non-GAAP/IFRS figures. "EBITDA" represents net income plus income tax provision, finance expense and depreciation. "Adjusted EBITDA" represents EBITDA plus share-based compensation and one-time costs. Non-GAAP financial measures do not have standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Specific items may only be relevant in certain periods. For reconciliation of Net Income to EBITDA and Adjusted EBITDA please refer to the Company's Management's Discussion and Analysis for the year ended December 31, 2016.

The financial statements, notes to the financial statements and Management's Discussion and Analysis for the three month period and year ended December 31, 2016 are available on SEDAR atwww.sedar.com as well as DIG's investor relations website atwww.diginc.ca.

About Distinct Infrastructure Group:

Distinct Infrastructure Group Inc. is a turnkey solutions firm providing design, engineering, construction and maintenance services to telecommunication firms, utilities and government bodies. Distinct's full service suite of offerings includes underground construction, aerial construction, inventory management, and technical services including fibre to the building and home. The Company's head offices are located in Toronto, Ontario, with additional offices in Edmonton, Alberta.

For further information please contact:

Manny Bettencourt

Chief Financial Officer

Distinct Infrastructure Group Inc.

Email: m a n n y . b e t t e n c o u r t @ d i g i n c .c a

Email: public.relations@diginc.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

Distinct Infrastructure Group Inc. published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 May 2017 13:27:21 UTC.

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