Intertape Polymer Group
COVID-19 Update - Seite 3
Non-GAAP Financial Measure
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This press release contains the Secured Net Leverage Ratio, a non-GAAP financial measure as defined under applicable securities legislation. The Company has included the Secured Net Leverage Ratio measure because it believes that the ratio allows investors to make a meaningful comparison of the Company’s liquidity level and borrowing flexibility. In addition, the Secured Net Leverage Ratio is used by management in evaluating the Company’s performance because it believes that the ratio allows management to monitor the Company's liquidity level and borrowing flexibility as well as evaluate its capacity to deploy capital to meet its strategic objectives, and is used by the Company’s lenders to evaluate the Company’s performance and ability to service its debt. As required by applicable securities legislation, the Company has provided the definition of this non-GAAP measure contained in this press release, as well as a reconciliation of the most directly comparable GAAP measure, on its website at http://www.itape.com under “Investor Relations” and “Events and Presentations” and “Investor Presentations”. You are encouraged to review the related GAAP financial measure and the reconciliation of non-GAAP measure to its most directly comparable GAAP measure set forth on the website and should consider the non-GAAP measure only as a supplement to, not as a substitute for or as a superior measure to, measure of financial performance prepared in accordance with GAAP.
CONTACT: FOR FURTHER INFORMATION CONTACT: Ross Marshall Investor Relations (T) (416) 526-1563 (E) ross.marshall@loderockadvisors.com