Snc Lavalin Credit Agreement

The entity provides its financial results in accordance with IFRS. However, the following non-IFRS ratios and additional IFRS ratios are used by the Company in this press release: Segment Adjusted EBIT, EBIT Revenue Segment Report, EBITDA Adjusted EBITDA, Adjusted Net Income (Loss) tribute to SNC-Lavalin shareholders, Adjusted dilu EPTEDS and Booking-to-Revenue Ratio. For more information on these non-IFRS measures, see Section 9 of SNC-Lavalin`s management discussion and analysis for the third quarter of 2020, which have been submitted to securities regulators in Canada and can be accessed on SEDAR under www.sedar.com and on the company`s website under www.snclavalin.com under the investor heading. Non-IFRS financial ratios do not have a standardized meaning under IFRS and may therefore not be comparable to similar ratios provided by other issuers. Management believes that these non-IFRS measures, in addition to the conventional measures developed in accordance with IFRS, provide additional insight into the entity`s operational performance and financial position and that some investors may use this information to assess the entity`s performance from one period to the next. However, these non-IFRS financial ratios are limited and should not be considered in isolation or as a substitute for performance ratios established in accordance with IFRS. In addition, certain non-IFRS financial ratios and additional IFRS ratios are presented separately for each PMSP and for each capital, as the entity considers these measures to be useful, since these activities are generally analyzed separately by the company. Votes for non-IFRS ratios with the most comparable IFRS ratios are presented in Section 9.3 of the third quarter of 2020 MD-A, and some of these votes are presented at the end of this press release. Series 6 bonds will be direct unsecured bonds of SNC-Lavalin, collaterald with all other unsecured and unsubordinated debts of SNC-Lavalin (including all other existing bonds as well as debt under the existing main credit contract) and by the same subsidiaries that guarantee SNC-Lavalin`s obligations arising from the existing credit contract and its other outstanding obligations. The syndicated loan agreement and the temporary loan agreement are also removed from the websites of snc-lavalin and atkins and replaced by a modified and revised syndicated loan agreement Source Text for Eikon: Future Coverage: The company warns that the list of factors is not exhaustive.

For more information on risks and uncertainties and allocations that could lead to the company`s actual results differing from current expectations, see the „Risks and Uncertainties,“ „How to Analyze and Report Our Results“ and „Critical Accounting Judgments and Major Sources of Uncertainty“ in the Company`s 2019 MD-A year and updated in the first and third quarters 2020 MD-A which are subject to securities regulators in Canada and are available SEDAR under www.sedar.com and on the website of the entity under www.snclavalin.com under the heading „Investors.“ The company`s unaudited group`s interim accounts for the three- and nine-month periods that expired on September 30, 2020, as well as the MD-A for the corresponding period, are available on the company`s website at www.snclavalin.com and on www.sedar.com. (1) Segment-adjusted EBIT consists of revenues assigned to the segment in question, (i) direct business costs, (ii) sales costs, general and administrative expenses directly related and (iii) business sales, general and administrative expenses allocated to segments. Segment-adjusted EBIT is the extent to which management assesses the performance of the company`s segments and gives investors an indication of the profitability of each segment, as it excludes certain items that the Company believes do not reflect the underlying activities of the segment.