Slide 1: Q3 2022 Earnings Conference Call
Q3 2022 Earnings Confe re nce Call November 10, 2022 Networking and Core Infrastructure Solutions for Canadian Busine sse s
Slide 2: Forward-Looking Information
Forward-Looking Information 2 This presentation includes certain forward-looking statements that are made as of the date hereof and are based upon current expectations, which involve risks and uncertainties associated with our business and the economic environment in which the business operates. All
Slide 3: Non-GAAP Measures
Non-GAAP Measures 3 Adjusted EBITDA ARPU The term “ARPU” refers to the Company’s average revenue per customer per month in the period. The The term “EBITDA” refers to earnings before deducting interest, taxes, depreciation and amortization. The Company believes that ARPU is useful supplemental infor
Slide 4: Philip Jones, Chief Financial Officer
4 Philip Jones Chief Financial Officer
Slide 5: Connectivity Revenue
2014 Connectivity All $ figures in CAD millions Q3 2021 $6.5 Q4 2021 $6.5 Q1 2022 $6.4 Q2 2022 $6.6 Connectivity Revenue Q3 2022 $6.5 5
Slide 6: Key Operating Metrics
Key Operating Metrics 6 Backlog Monthly Recurring Revenue ($) Average Revenue Per User ($) Churn Rate (%) Connectivity Connectivity Connectivity $133,436 $138,893 $126,631 $110,481 $102,911 $1,026 $1,043 $1,061 $1,118 $1,099 0.9% 0.7% 0.9% 0.7% 0.7% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 Q4'21 Q1'22 Q2
Slide 7: Q3 2022 Financial Highlights
Q3 2022 Financial Highlights 7 Total Revenue ($ millions) $10.9 $6.6 Q3 2021 Q3 2022 Net Loss ($ millions) Adjusted EBITDA ($ millions) 5 5.00 4.5 4.50 4 4.00 3.5 3.50 $3.1 3 $2.9 3.00 2.5 $2.3 2.50 2 2.00 1.5 1.50 1 1.00 $0.6 0.5 0.50 0 0.00 Q3 2021 Q3 2022 Q3 2021 Q3 2022
Slide 8: Capital Expenditures & Liquidity
Capital Expenditures & Liquidity 8 Capital Q3'21 Expenditures Q4'21 ($ millions) Q1'22 Q2'22 Q3'22 Balance Sheet at September 30, 2022 ($ millions) 7 28.2% 30.0% 6 23.1% 25.0% 5 20.0% 4 13.7% 14.1% 12.6% 15.0% 3 Cash and cash equivalents $1.8 $1.8 $1.9 10.0% 2 $1.5 $1.3 $0.9 1 5.0% Short-Term Invest
Slide 9: Connectivity Powering Change
CONNECTIVITY POWERING CHANGE TERAGO))