Annual
General Meeting
May 20, 2022
LASSONDE INDUSTRIES INC.
Caution Regarding
Forward-Looking Statements
Certain statements made in this presentation, including, but not limited to, statements regarding the prospects of the industry, plans, financial position, and business strategy of the Corporation may constitute forward-looking statements within the meaning of Canadian securities legislation and regulations. These forward-looking statements do not provide guarantees as to the future performance of Lassonde Industries Inc. and are subject to risks, both known and unknown, as well as uncertainties that may cause the outlook, profitability, or actual results of Lassonde Industries Inc. to differ significantly from the profitability or future results stated or implied by these statements. Detailed information on risks and uncertainties is provided in the "Uncertainties and Principal Risk Factors" section of the MD&A for the year ended December 31, 2021, available at www.sedar.com and at www.lassonde.com.
The forward-looking statements contained in this presentation reflect our expectations as at May 20, 2022 and, accordingly, are subject to change after this date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events, or otherwise.
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Caution Regarding Forward-Looking Statements
Financial Measures Not in Accordance with IFRS
The terms "EBITDA," "net debt" and "net debt to EBITDA" are non-GAAP financial measures and do not have any standardized meaning under IFRS. They are therefore unlikely to be comparable to similar measures presented by other issuers. Refer to the section "Financial Measures Not in Accordance with IFRS" in the MD&A of Lassonde Industries Inc. for the First Quarter ended April 2, 2022.
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Accordance with IFRS
- Earnings Before Interest, Taxes, Depreciation and Amortization
Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a financial measure used by the Corporation and investors to assess its capacity to generate future cash flows from operating activities and pay financial expenses. EBITDA consists of operating profit, the "depreciation of property, plant and equipment and amortization of intangible assets" shown in the Consolidated Statement of Cash Flows, and "(Gains) losses on capital assets," if applicable.
- Net Debt to EBITDA
Net Debt to EBITDA is a financial measure used by the Corporation to assess its ability to pay off its existing debt and to define its available borrowing capacity. To calculate the Net Debt to EBITDA ratio, the net debt is divided by the sum of EBITDA for the last four quarters. Net debt represents long-term debt, including the current portion, less "Cash and cash equivalents" item, as presented in the Corporation's Consolidated Statement of Financial Position.
Year ended | |
(in thousands of dollars) | Dec. 31, 2021 |
$ | |
Operating profit | 118,359 |
Depreciation of property, plant and equipment and | |
amortization of intangible assets | 59,505 |
(Gains) losses on capital assets | (43) |
EBITDA | 177,821 |
As at | |
(in thousands of dollars, except the net debt to EBITDA ratio) | Dec. 31, 2021 |
$ | |
Current portion of long-term debt | 84,387 |
Long-term debt | 91,045 |
Less: Cash and cash equivalents | 305 |
Net debt | 175,127 |
Sum of EBITDA for the last four quarters | 177,821 |
Net Debt to EBITDA ratio | 0.98 |
Financial Measures Not in
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Nathalie Lassonde
Nathalie Lassonde
Chief Executive Officer & Vice-Chair of the Board of Directors
Executive Team
Caroline Lemoine | Eric Gemme | Vincent R. Timpano |
Chief Legal Officer & | Chief Financial Officer | President & |
Secretary | Chief Operating Officer |
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Executive Team
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Lassonde Industries Inc. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 03:55:18 UTC.