SLIDE 1
Fourth Quarter 2018
Advancing our vision to be the most sustainable protein company on earth
Q4 2018 BUSINESS AND FINANCIAL REVIEW – MAPLE LEAF FOODS | FEBRUARY 28, 2019
Forward-looking and non-IFRS information
T his pre se ntatio n c o ntains “fo rward-lo o king info rmatio n” within the me aning o f applic able se c uritie s law. T he se state me nts are base d o n c urre nt e xpe c tatio ns, e stimate s, fo re c asts, and pro je c tio ns abo ut the industrie s in whic h the Co mpany o pe rate s, as we ll as be lie fs and assumptio ns made by the Manag e me nt o f the Co mpany. T he se state me nts are no t g uarante e s o f future pe rfo rmanc e and invo lve assumptio ns and risks and unc e rtaintie s that are diffic ult to pre dic t. T he se assumptio ns have be e n de rive d fro m info rmatio n c urre ntly available to the Co mpany, inc luding info rmatio n o btaine d by the Co mpany fro m third-party so urc e s. T he se assumptio ns may pro ve to be inc o rre c t in who le o r in part. I n additio n, ac tual re sults may diffe r mate rially fro m tho se e xpre sse d, implie d, o r fo re c aste d in suc h fo rward-lo o king info rmatio n, whic h re fle c t the Co mpany’ s e xpe c tatio ns o nly as o f the date he re o f. Ple ase re fe r to the se c tio ns e ntitle d “Risk F ac to rs” and “F
- rward-L
- o king State me nts” in the Co mpany's Manag e me nt Disc ussio n and
Analysis fo r the fisc al ye ar e nde d De c e mbe r 31, 2018 fo r additio nal de tail. I n additio n, this pre se ntatio n c o ntains the fo llo wing no n-I F RS me asure s:
Adjuste d Ope r ating E ar nings: De fine d as e arning s be fo re inc o me taxe s adjuste d fo r ite ms that are no t c o nside re d re pre se ntative o f o ng o ing
- pe ratio nal ac tivitie s o f the busine ss, and ite ms whe re the e c o no mic impac t o f the transac tio ns will be re fle c te d in e arning s in future pe rio ds
whe n the unde rlying asse t is so ld o r transfe rre d.
Adjuste d E ar nings pe r Shar e : De fine d as basic e arning s pe r share adjuste d fo r all ite ms that are no t c o nside re d re pre se ntative o f o ng o ing
- pe ratio nal ac tivitie s o f the busine ss, and ite ms whe re the e c o no mic impac t o f the transac tio ns will be re fle c te d in e arning s in future pe rio ds
whe n the unde rlying asse t is so ld o r transfe rre d.
Adjuste d E ar nings Be for e Inte r e st, T axe s, De pr e c iation and Amor tization: De fine d as e arning s be fo re inte re st and inc o me taxe s plus
de pre c iatio n and intang ible asse t amo rtizatio n, adjuste d fo r ite ms that are no t c o nside re d re pre se ntative o f o ng o ing o pe ratio nal ac tivitie s o f the busine ss, and ite ms whe re the e c o no mic impac t o f the transac tio ns will be re fle c te d in e arning s in future pe rio ds whe n the unde rlying asse t is so ld o r transfe rre d.
F r e e Cash F low: De fine d as c ash pro vide d by o pe ratio ns, le ss additio ns to lo ng -te rm asse ts. Ne t (De bt) Cash: De fine d as c ash and c ash e quivale nts, le ss lo ng -te rm de bt and bank inde bte dne ss.
Re fe r to slide s 14-16 fo r the re c o nc iliatio n o f no n-I F RS financ ial me asure s
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