Alaris Equity Partners Announces the Redemption of Brown & Settle - Seite 2

NON-GAAP and Other Financial Measures:

The terms Run Rate Payout Ratio, EBITDA and IRR are financial measures used in this news release that are not standard measures under International Financial Reporting Standards ("IFRS"). The Trust’s method of calculating Run Rate Payout Ratio, EBITDA and IRR may differ than from methods used by other issuers. Therefore, the Trust’s Run Rate Payout Ratio, EBITDA and IRR amounts may not be comparable to similar measures used by other issuers.

⁽¹⁾ "Run Rate Payout Ratio" is a non-GAAP financial ratio that refers to Alaris’ total distribution per unit expected to be paid over the next twelve months divided by the free cash flow per unit. Run Rate Payout Ratio is a useful metric for Alaris to track and to outline as it provides a summary of the percentage of the free cash flow that can be used to either repay senior debt during the next twelve months and/or be used for additional investment purposes.

⁽²⁾ "EBITDA" is a non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA is used by management and many investors to determine the ability of an issuer or a partner to generate cash from operations. Management believes EBITDA is a useful supplemental measure from which to determine partner’s ability to generate cash available for servicing its loans and borrowings, income taxes and distributions to unitholders.

⁽³⁾ "IRR" is a supplementary financial measure and refers to internal rate of return, which is a metric used to determine the discount rate that derives a net present value of cash flows to zero. Management uses IRR to analyze partner returns. The Trust’s method of calculating this supplementary financial measure may differ from the methods used by other issuers. Therefore, it may not be comparable to similar measures by other issuers.

⁽⁴⁾ "MOIC" is a supplementary financial measure and refers to multiple of capital invested, which is a financial metric used to evaluate the value of an investment relative to the initial capital. Management uses MOIC to analyze partner returns. The Trust’s method of calculating this supplementary financial measure may differ from the methods used by other issuers. Therefore, it may not be comparable to similar measures by other issuers.