Maxar

DigitalGlobe

 Pro Forma

Pro Forma

IFRS

US GAAP

US GAAP

IFRS

Adjustments

Combined

For the nine months ended September 30, 2017

C$

US$

C$

C$

C$

C$

($ millions)

(note 1)

(note 2)

Revenues

1,419.3

658.3

860.2

74.9

(39.4)

2,315.0

Direct costs, selling, general and

administration                                  

1,165.9

339.6

443.6

-

(17.1)

1,592.4

Foreign exchange gain

(17.6)

-

-

-

-

(17.6)

Share-based compensation expense

15.6

18.2

23.8

-

-

39.4

Loss from early extinguishment of debt

-

0.5

0.7

-

-

0.7

Equity in earnings from joint ventures

-

(0.9)

(1.2)

-

-

(1.2)

Other expense

60.2

15.4

20.3

-

(57.6)

22.9

EBITDA

195.2

285.5

373.0

74.9

35.3

678.4

Corporate expense

16.2

10.0

13.1

-

-

29.3

Share-based compensation expense

15.6

18.2

23.8

-

-

39.4

Acquisition related expense

38.8

14.6

19.1

-

(57.6)

0.3

Restructuring costs

21.4

1.1

1.4

-

-

22.8

Loss from early extinguishment of debt

-

0.5

0.7

-

-

0.7

Equity in earnings from joint ventures

-

(0.9)

(1.2)

-

-

(1.2)

Foreign exchange differences

(13.8)

-

-

-

-

(13.8)

Operating EBITDA

273.4

329.0

429.9

74.9

(22.3)

755.9

Corporate expense

(16.2)

(10.0)

(13.1)

-

-

(29.3)

Adjusted EBITDA (note 3)

257.2

319.0

416.8

74.9

(22.3)

726.6