%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 33.25 Td (1) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (TSX: MFI) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 671.80 Td (www) Tj ET Q q 0 0 0 rg BT 74.76 671.80 Td (.mapleleaffoods.com) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.90 661.00 Td (Investor Contact: Debbie Simpson) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 650.20 Td ( 905-285-5018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.90 639.40 Td ( Media Contact: Scott Bonikowsky ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.45 627.40 Td (905-285-1515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.50 627.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 167.2 593.573974609375 m 282.213671875 593.573974609375 l s q 0 0 0 rg BT 167.20 595.00 Td (Maple Leaf Foods Reports ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 282.213671875 593.573974609375 m 336.72783203125 593.573974609375 l s q 0 0 0 rg BT 282.21 595.00 Td (First Quarter) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 336.72783203125 593.573974609375 m 339.2283203125 593.573974609375 l s q 0 0 0 rg BT 336.73 595.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 339.2283203125 593.573974609375 m 359.2498046875 593.573974609375 l s q 0 0 0 rg BT 339.23 595.00 Td (2018) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 359.2498046875 593.573974609375 m 435.77177734375 593.573974609375 l s q 0 0 0 rg BT 359.25 595.00 Td ( Financial Results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 584.20 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 584.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 573.40 Td (Mississauga, Ontario, May 2, 2018-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.06 573.40 Td ( Maple Leaf Foods Inc. \(TSX: MFI\) today reported its financial results for the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.19 573.40 Td (first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.69 573.40 Td ( quarter ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 562.60 Td (ending ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.03 562.60 Td (March31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 141.57 562.60 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 551.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 551.80 Td (Sales volume growth across the business, except in fresh pork with temporary supply interruption) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 541.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 541.00 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 155.03 541.00 Td ( margins) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 189.54 545.29 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 196.69 541.00 Td ( of 10.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 530.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 530.20 Td (Strong commercial and operating performance across the business, of) Tj ET Q q 0 0 0 rg BT 365.48 530.20 Td (fset by less favorable market conditions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 519.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 519.40 Td (Excellent momentum in our U.S platform and in plant protein ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 508.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 508.60 Td (Preparing for launch in core brand renovations in the second quarter) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 49.5 484.373974609375 m 135.00439453125 484.373974609375 l s q 0 0 0 rg BT 49.50 485.80 Td (Financial Highlights) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 452.8 m 336 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 452.8 m 402 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 452.8 m 421 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 452.8 m 487 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 452.8 m 554 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 438.8 m 318 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 452.8 m 336 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 438.8 m 336 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 452.8 m 402 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 438.8 m 402 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 452.8 m 421 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 438.8 m 421 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 452.8 m 487 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 438.8 m 487 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 452.8 m 554 452.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 438.8 m 554 438.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 438.8 m 318 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 424.8 m 318 424.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 438.8 m 336 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 424.8 m 336 424.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 438.8 m 402 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 424.8 m 402 424.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 438.8 m 421 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 424.8 m 421 424.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 438.8 m 487 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 424.8 m 487 424.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 438.8 m 554 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 424.8 m 554 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 424.8 m 318 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 424.8 m 336 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 410.8 m 402 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 424.8 m 421 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 410.8 m 421 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 424.8 m 487 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 410.8 m 487 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 424.8 m 554 424.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 410.8 m 554 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 410.8 m 318 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 396.8 m 318 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 410.8 m 336 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 396.8 m 336 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 410.8 m 421 410.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 396.8 m 554 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 396.8 m 318 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 382.8 m 318 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 396.8 m 336 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 382.8 m 336 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 396.8 m 402 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 396.8 m 421 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 396.8 m 487 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 382.8 m 487 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 396.8 m 554 396.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 382.8 m 402 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 368.8 m 402 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 382.8 m 421 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 368.8 m 421 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 382.8 m 487 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 382.8 m 554 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 368.8 m 318 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 354.8 m 318 354.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 368.8 m 336 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318 354.8 m 336 354.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 368.8 m 402 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 354.8 m 402 354.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 368.8 m 421 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 354.8 m 421 354.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 368.8 m 487 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 354.8 m 487 354.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 368.8 m 554 368.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 354.8 m 554 354.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 340.8 m 318 340.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 340.8 m 336 340.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336 354.8 m 402 354.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 340.8 m 402 340.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402 354.8 m 421 354.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 340.8 m 421 340.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421 354.8 m 487 354.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 340.8 m 487 340.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487 354.8 m 554 354.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 340.8 m 554 340.8 l s BT /F5 9.00 Tf ET q 0 0 0 rg BT 52.50 454.45 Td (Measure) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 89.02 458.74 Td (\(a\)) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 52.50 443.20 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.70 457.20 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.95 443.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.95 443.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.45 443.20 Td (% Change) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 429.50 Td (Sales) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 75.01 433.79 Td (\(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 429.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.90 429.20 Td (817.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 429.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.90 429.20 Td (81) Tj ET Q q 0 0 0 rg BT 465.91 429.20 Td (1.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 429.20 Td (0.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 429.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 415.50 Td (Net Earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 415.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 415.20 Td (27.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 415.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.90 415.20 Td (30.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.95 415.20 Td (\(7.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 415.20 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 401.50 Td (Basic Earnings per Share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 401.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 401.20 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 401.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.90 401.20 Td (0.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.95 401.20 Td (\(4.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 401.20 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 387.50 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 122.03 387.50 Td ( Margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.90 387.20 Td (10.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.45 387.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.90 387.20 Td (10.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 387.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.45 387.20 Td (-70 bps) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 373.50 Td (Adjusted Operating Earnings) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 167.57 377.79 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 373.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 373.20 Td (52.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 373.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.90 373.20 Td (59.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.95 373.20 Td (\(10.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 373.20 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 359.50 Td (Adjusted Earnings per Share) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 167.57 363.79 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 359.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 359.20 Td (0.29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 359.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.90 359.20 Td (0.33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.95 359.20 Td (\(12.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 359.20 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 345.50 Td (Free Cash Flow) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 116.02 349.79 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.50 345.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.90 345.20 Td (\(3.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.45 345.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.50 345.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.90 345.20 Td (34.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 345.20 Td (\(109.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.50 345.20 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 7.00 Tf ET BT /F4 4.55 Tf ET q 0 0 0 rg BT 49.50 331.74 Td (\(a\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 55.06 328.40 Td ( ) Tj ET Q q 0 0 0 rg BT 56.75 328.40 Td (All financial measures in millions except ) Tj ET Q q 0 0 0 rg BT 181.76 328.40 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 235.97 328.40 Td ( Margin and Basic and ) Tj ET Q q 0 0 0 rg BT 307.31 328.40 Td (Adjusted Earnings per Share.) Tj ET Q BT /F4 7.00 Tf ET BT /F4 4.55 Tf ET q 0 0 0 rg BT 49.50 318.84 Td (\(b\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 55.06 315.50 Td ( 2018 sales include the impact of the adoption of new accounting standard IFRS 15 - Revenue from Contracts with Customers. Refer to note 2\(b\) of the ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (unaudited condensed consolidated interim financial statements for further details on the impact of the adoption of new accounting standards. ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 49.50 286.70 Td (Note: Several items are excluded from the discussions of underlying earnings performance as they are not representative of ongoing operational activities. Refer ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 49.50 278.30 Td (to the section entitled Reconciliation of Non-IFRS Financial Measures at the end of this news release for a description and reconciliation of all non-IFRS financial ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 49.50 268.70 Td (measures.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.18 268.70 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (As anticipated, it was a more challenging start to the year in 2018 although we were pleased to have delivered EBITDA) Tj ET Q q 0 0 0 rg BT 525.27 247.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 236.30 Td (margins of 10.1% in these conditions, which reflects our balanced portfolio, brand strength and value-added product mix, said ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 225.50 Td (Michael H. McCain, President and CEO. W) Tj ET Q q 0 0 0 rg BT 223.89 225.50 Td (e realized excellent commercial and operating gains in the prepared meat ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 214.70 Td (portfolio, of) Tj ET Q q 0 0 0 rg BT 93.86 214.70 Td (fset by the much-anticipated headwinds of market conditions. W) Tj ET Q q 0 0 0 rg BT 348.33 214.70 Td (e are now launching the most extensive food and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 203.90 Td (brand renovation in our history) Tj ET Q q 0 0 0 rg BT 170.40 203.90 Td (, which will be one of our strategic growth foundations for years to come.) Tj ET Q /GS0 gs q 62.00 0 0 73.00 50.00 706.50 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 31.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 50 741.023974609375 m 140.83935546875 741.023974609375 l s q 0 0 0 rg BT 50.00 742.45 Td (OPERA) Tj ET Q q 0 0 0 rg BT 81.34 742.45 Td (TING REVIEW) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 727.15 Td (The following table summarizes the Company's total sales and ) Tj ET Q q 0 0 0 rg BT 300.84 727.15 Td (Adjusted Operating Earnings for the quarter) Tj ET Q q 0 0 0 rg BT 474.45 727.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.95 727.15 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 702.65 m 391.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 702.65 m 413.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 702.65 m 461.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 702.65 m 483.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 688.65 m 369.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 702.65 m 391.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 688.65 m 391.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 702.65 m 413.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 688.65 m 413.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 702.65 m 461.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 688.65 m 461.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 702.65 m 483.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 688.65 m 483.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 702.65 m 505.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 688.65 m 505.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 702.65 m 553.5 702.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 688.65 m 553.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 688.65 m 369.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 688.65 m 391.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 674.65 m 391.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 688.65 m 413.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 674.65 m 413.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 688.65 m 505.5 688.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 674.65 m 505.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 674.65 m 369.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 660.65 m 369.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 674.65 m 391.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 660.65 m 391.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 674.65 m 413.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 660.65 m 413.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 674.65 m 461.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 660.65 m 461.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 674.65 m 483.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 660.65 m 483.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 674.65 m 505.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 660.65 m 505.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 674.65 m 553.5 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 660.65 m 553.5 660.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 646.65 m 369.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 646.65 m 391.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 646.65 m 413.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 646.65 m 461.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 646.65 m 483.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 646.65 m 505.5 646.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 646.65 m 553.5 646.65 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 704.30 Td (\($ thousands\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 693.05 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.70 707.05 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.95 693.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 693.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 679.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.83 679.35 Td (otal Sales) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 679.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.45 679.05 Td (817,509) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 679.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.45 679.05 Td (81) Tj ET Q q 0 0 0 rg BT 527.46 679.05 Td (1,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 665.35 Td (Adjusted Operating Earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 665.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.45 665.05 Td (52,772) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 665.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 665.05 Td (59,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 651.35 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 127.17 651.35 Td ( Margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.40 651.05 Td (10.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.95 651.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.40 651.05 Td (10.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 651.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 50 630.423974609375 m 166.54736328125 630.423974609375 l s q 0 0 0 rg BT 50.00 631.85 Td (Sales and Earnings Review) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 616.55 Td (Sales in the first quarter increased) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.57 616.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.07 616.55 Td (0.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.58 616.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.08 616.55 Td (to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.59 616.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 222.09 616.55 Td (817.5 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.62 616.55 Td (,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.12 616.55 Td ( or 2.4% after adjusting for the adoption of a new accounting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 605.75 Td (standard, foreign exchange, and acquisitions. Sales were driven by prepared meats, which benefited from innovation and the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 594.95 Td (Company's expansion in the U.S. market as well as pricing taken in fall of 2017. ) Tj ET Q q 0 0 0 rg BT 369.22 594.95 Td (The Lightlife and Field Roast brands ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 584.15 Td (contributed to sales increases in the quarter) Tj ET Q q 0 0 0 rg BT 224.10 584.15 Td (. Sales in value-added fresh pork were impacted by lower market values and a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 573.35 Td (transitory reduction in hog supply from PEDv in 2017. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.11 573.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 558.05 Td (Adjusted Operating Earnings were) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.08 558.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.58 558.05 Td ($52.8 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.11 558.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.61 558.05 Td (compared to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.64 558.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.14 558.05 Td ($59.0 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.66 558.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.16 558.05 Td (in the first quarter of 2017. Positive trends and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (commercial performance in the underlying business were of) Tj ET Q q 0 0 0 rg BT 287.45 547.25 Td (fset by market conditions in pork markets which were materially ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 536.45 Td (below prior year) Tj ET Q q 0 0 0 rg BT 113.53 536.45 Td (. First quarter earnings benefited from improvement in prepared meats related to volume growth, strong ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 525.65 Td (margins and increased supply chain ef) Tj ET Q q 0 0 0 rg BT 203.43 525.65 Td (ficiency) Tj ET Q q 0 0 0 rg BT 232.77 525.65 Td (. Performance in value-added poultry and pork and plant protein also ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 514.85 Td (contributed to our earnings.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.57 514.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 499.55 Td (Net earnings for the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 129.04 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.54 499.55 Td (first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.04 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.54 499.55 Td (quarter were) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.07 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.57 499.55 Td ($27.9 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.10 499.55 Td ( \() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.59 499.55 Td ($0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.12 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.62 499.55 Td (per basic share\) compared to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.67 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.17 499.55 Td ($30.1 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.70 499.55 Td ( \() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.20 499.55 Td ($0.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.72 499.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.22 499.55 Td (per basic share\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 488.75 Td (in the first quarter of 2017.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 155.06 488.75 Td (The decrease in net earnings was consistent with factors noted above and partially of) Tj ET Q q 0 0 0 rg BT 494.09 488.75 Td (fset by lower ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 477.95 Td (restructuring costs.) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 50 461.223974609375 m 108.51318359375 461.223974609375 l s q 0 0 0 rg BT 50.00 462.65 Td (Other Matters) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 447.35 Td (On May 2, 2018, the Board of Directors approved a dividend of $0.13 per share payable June 29, 2018 to shareholders of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 436.55 Td (record at the close of business on June 8, 2018. Unless indicated otherwise by the Company at or before the time the dividend ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 425.75 Td (is paid, this dividend will be considered an eligible dividend for the purposes of the Enhanced Dividend ) Tj ET Q q 0 0 0 rg BT 462.59 425.75 Td (T) Tj ET Q q 0 0 0 rg BT 467.09 425.75 Td (ax Credit System. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.61 425.75 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 50 409.023974609375 m 121.02001953125 409.023974609375 l s q 0 0 0 rg BT 50.00 410.45 Td (Conference Call ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 395.15 Td (An investor presentation related to the Company) Tj ET Q q 0 0 0 rg BT 244.95 395.15 Td (s ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.95 395.15 Td (first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.45 395.15 Td ( quarter financial results is available at ) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 421.52685546875 393.866796875 m 523.40966796875 393.866796875 l s q 0 0 0 rg BT 421.53 395.15 Td (www) Tj ET Q q 0 0 0 rg BT 440.53 395.15 Td (.mapleleaf) Tj ET Q q 0 0 0 rg BT 481.89 395.15 Td (foods.com) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.41 395.15 Td ( and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 384.35 Td (can be found under ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 130.06 384.35 Td (Investor Information) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.60 384.35 Td ( on the ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 239.62 384.35 Td (Investors) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.14 384.35 Td ( page. ) Tj ET Q q 0 0 0 rg BT 303.16 384.35 Td (A) Tj ET Q q 0 0 0 rg BT 308.67 384.35 Td ( conference call will be held at2:30p.m. EDT) Tj ET Q q 0 0 0 rg BT 489.10 384.35 Td ( on May 2, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 373.55 Td (2018, to review Maple Leaf Foods) Tj ET Q q 0 0 0 rg BT 187.25 373.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.75 373.55 Td (first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 204.24 373.55 Td ( quarter financial results. ) Tj ET Q q 0 0 0 rg BT 304.63 373.55 Td (T) Tj ET Q q 0 0 0 rg BT 309.13 373.55 Td (o participate in the call, please dial 416-340-2216 or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 362.75 Td (1-800-273-9672. For those unable to participate, playback will be made available an hour after the event at 905-694-9451) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 351.95 Td (or 1-800-408-3053 \(Passcode: 91) Tj ET Q q 0 0 0 rg BT 183.92 351.95 Td (10367#\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 336.65 Td (A) Tj ET Q q 0 0 0 rg BT 55.51 336.65 Td ( webcast presentation of the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 170.58 336.65 Td (first) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.07 336.65 Td ( quarter financial results will also be available at: ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 50 320.066796875 m 231.58642578125 320.066796875 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 50.00 321.35 Td (https://edge.media-server) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 151.55 321.35 Td (.com/m6/p/4xp9svdj) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 306.05 Td (The Company) Tj ET Q q 0 0 0 rg BT 108.36 306.05 Td (s full unaudited condensed consolidated interim financial statements and related Management) Tj ET Q q 0 0 0 rg BT 484.43 306.05 Td (s Discussion and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (Analysis are available on the Company) Tj ET Q q 0 0 0 rg BT 207.43 295.25 Td (s website.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 31.25 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 50 741.023974609375 m 251.533203125 741.023974609375 l s q 0 0 0 rg BT 50.00 742.45 Td (Reconciliation of Non-IFRS Financial Measures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 727.15 Td (The Company uses the following non-IFRS measures: ) Tj ET Q q 0 0 0 rg BT 268.10 727.15 Td (Adjusted Operating Earnings, ) Tj ET Q q 0 0 0 rg BT 387.68 727.15 Td (Adjusted Earnings per Share, ) Tj ET Q q 0 0 0 rg BT 507.26 727.15 Td (Adjusted ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 716.35 Td (EBITDA, Free Cash Flow and Net Cash. Management believes that these non-IFRS measures provide useful information to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 705.55 Td (investors in measuring the financial performance of the Company for the reasons outlined below) Tj ET Q q 0 0 0 rg BT 431.71 705.55 Td (. ) Tj ET Q q 0 0 0 rg BT 436.55 705.55 Td (These measures do not have ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 694.75 Td (a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 683.95 Td (by other publicly traded companies and should not be construed as an alternative to other financial measures determined in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 673.15 Td (accordance with IFRS. ) Tj ET Q BT /F2 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 657.85 Td (Adjusted Operating Earnings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 177.02 657.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 642.55 Td (Adjusted Operating Earnings, a non-IFRS measure, is used by Management to evaluate financial operating results. It is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 631.75 Td (defined as earnings before income taxes adjusted for items that are not considered representative of ongoing operational ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 620.95 Td (activities of the business and items where the economic impact of the transactions will be reflected in earnings in future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 610.15 Td (periods when the underlying asset is sold or transferred. ) Tj ET Q q 0 0 0 rg BT 275.96 610.15 Td (The table below provides a reconciliation of net earnings as reported ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 599.35 Td (under IFRS in the unaudited condensed consolidated interim statements of net earnings to ) Tj ET Q q 0 0 0 rg BT 412.23 599.35 Td (Adjusted Operating Earnings for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 588.55 Td (the three months ended, as indicated below) Tj ET Q q 0 0 0 rg BT 223.62 588.55 Td (. Management believes that this basis is the most appropriate on which to evaluate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 577.75 Td (operating results, as they are representative of the ongoing operations of the Company) Tj ET Q q 0 0 0 rg BT 395.05 577.75 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.05 577.75 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 552.25 m 422.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 537.25 m 397.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 552.25 m 422.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 537.25 m 422.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 552.25 m 475.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 537.25 m 475.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 552.25 m 500.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 537.25 m 500.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 552.25 m 553.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 537.25 m 553.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 537.25 m 397.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 537.25 m 422.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 537.25 m 475.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 537.25 m 500.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 537.25 m 553.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 509.25 m 397.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 509.25 m 422.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 509.25 m 475.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 509.25 m 500.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 509.25 m 553.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 509.25 m 475.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 509.25 m 553.5 509.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 453.25 m 397.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 453.25 m 422.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 453.25 m 475.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 453.25 m 500.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 453.25 m 553.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 453.25 m 475.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 453.25 m 553.5 453.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 411.25 m 475.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 411.25 m 553.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 411.25 m 397.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 397.25 m 397.5 397.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 411.25 m 422.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 397.25 m 422.5 397.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 411.25 m 475.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 397.25 m 475.5 397.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 411.25 m 500.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 397.25 m 500.5 397.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 411.25 m 553.5 411.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 397.25 m 553.5 397.25 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 552.90 Td (\($ thousands\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 541.65 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 556.65 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 541.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 541.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 528.20 Td (Net earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 527.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 527.65 Td (27,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 527.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 527.65 Td (30,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 512.20 Td (Income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 513.65 Td (1) Tj ET Q q 0 0 0 rg BT 449.46 513.65 Td (1,507) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 513.65 Td (1) Tj ET Q q 0 0 0 rg BT 527.46 513.65 Td (1,980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 500.20 Td (Earnings before income taxes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 499.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 499.65 Td (39,425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 499.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 499.65 Td (42,085) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 484.20 Td (Interest expense and other financing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 485.65 Td (1,653) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 485.65 Td (1,227) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 470.20 Td (Other \(income\) expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 471.65 Td (2,854) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 471.65 Td (2,704) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 456.20 Td (Restructuring and other related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 457.65 Td (2,055) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 457.65 Td (6,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 444.20 Td (Earnings from operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 443.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 443.65 Td (45,987) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 443.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 443.65 Td (52,506) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 430.20 Td (Decrease \(increase\) in fair value of biological assets) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 261.10 434.49 Td (\(5\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 429.65 Td (7,097) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.45 429.65 Td (\(2,797) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 429.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 416.20 Td (Unrealized \(gain\) loss on derivative contracts) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 232.58 420.49 Td (\(5\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.95 415.65 Td (\(312) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 415.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 415.65 Td (9,321) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 402.20 Td (Adjusted Operating Earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 401.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 401.65 Td (52,772) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 401.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 401.65 Td (59,030) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 382.45 Td (Adjusted Earnings per Share ) Tj ET Q BT /F3 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 367.15 Td (Adjusted Earnings per Share, a non-IFRS measure, is used by Management to evaluate financial operating results. It is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 356.35 Td (defined as basic earnings per share and is adjusted on the same basis as ) Tj ET Q q 0 0 0 rg BT 345.19 356.35 Td (Adjusted Operating Earnings. ) Tj ET Q q 0 0 0 rg BT 465.09 356.35 Td (The table below ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 345.55 Td (provides a reconciliation of basic earnings per share as reported under IFRS in the unaudited condensed consolidated interim ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 334.75 Td (statements of earnings to ) Tj ET Q q 0 0 0 rg BT 153.06 334.75 Td (Adjusted Earnings per Share for the three months ended, as indicated below) Tj ET Q q 0 0 0 rg BT 457.25 334.75 Td (. Management believes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 323.95 Td (this basis is the most appropriate on which to evaluate financial results as they are representative of the ongoing operations of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 313.15 Td (the Company) Tj ET Q q 0 0 0 rg BT 102.86 313.15 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 287.65 m 422.5 287.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 273.65 m 397.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 287.65 m 422.5 287.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 273.65 m 422.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 287.65 m 475.5 287.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 273.65 m 475.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 287.65 m 500.5 287.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 273.65 m 500.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 287.65 m 553.5 287.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 273.65 m 553.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 273.65 m 397.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 273.65 m 422.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 273.65 m 475.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 273.65 m 500.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 273.65 m 553.5 273.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 203.64999999999998 m 397.5 203.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 189.64999999999998 m 397.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 203.64999999999998 m 422.5 203.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 189.64999999999998 m 422.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 203.64999999999998 m 475.5 203.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 189.64999999999998 m 475.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 203.64999999999998 m 500.5 203.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 189.64999999999998 m 500.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 203.64999999999998 m 553.5 203.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 189.64999999999998 m 553.5 189.64999999999998 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 289.30 Td (\($ per share\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 278.05 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 292.05 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 278.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 278.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 264.60 Td (Basic earnings per share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 264.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 264.05 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 264.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 264.05 Td (0.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 250.60 Td (Restructuring and other related costs) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 200.58 254.89 Td (\(6\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 250.05 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 250.05 Td (0.04) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 236.60 Td (Items included in other income not considered representative of ongoing operations) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 385.20 240.89 Td (\(7\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 236.05 Td (0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 236.05 Td (0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 222.60 Td (Change in the fair value of biological assets) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 226.61 226.89 Td (\(8\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 222.05 Td (0.04) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.45 222.05 Td (\(0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 222.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 208.60 Td (Change in the fair value of unrealized \(gain\) loss on derivative contracts) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 338.66 212.89 Td (\(8\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.00 208.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 208.05 Td (0.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 194.60 Td (Adjusted Earnings per Share) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 176.53 198.89 Td (\(9\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.00 194.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 194.05 Td (0.29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 194.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 194.05 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 174.85 Td (Adjusted Earnings Before Interest, Income T) Tj ET Q q 0 0 0 rg BT 239.37 174.85 Td (axes, Depreciation, and ) Tj ET Q q 0 0 0 rg BT 342.07 174.85 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.07 174.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 159.55 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 119.53 159.55 Td ( is calculated as earnings before interest and income taxes plus depreciation and intangible asset ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 148.75 Td (amortization, adjusted for items that are not considered representative of ongoing operational activities of the business, and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 137.95 Td (items where the economic impact of the transactions will be reflected in earnings in future periods when the underlying asset ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 127.15 Td (is sold or transferred. ) Tj ET Q q 0 0 0 rg BT 136.87 127.15 Td (The following table provides a reconciliation of net earnings as reported under IFRS in the unaudited ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 116.35 Td (condensed consolidated interim statements of earnings to ) Tj ET Q q 0 0 0 rg BT 282.14 116.35 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 351.68 116.35 Td ( for the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.69 116.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.19 116.35 Td (three) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.71 116.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.21 116.35 Td (months ended, as indicated below) Tj ET Q q 0 0 0 rg BT 540.80 116.35 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 105.55 Td (Management believes ) Tj ET Q q 0 0 0 rg BT 140.06 105.55 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 209.59 105.55 Td ( is useful in assessing the performance of the Company) Tj ET Q q 0 0 0 rg BT 433.04 105.55 Td (s ongoing operations and its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 94.75 Td (ability to generate cash flows to fund its cash requirements, including the Company) Tj ET Q q 0 0 0 rg BT 382.02 94.75 Td (s capital investment program.) Tj ET Q BT /F2 9.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 31.25 Td (4) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 734.5 m 421.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 720.5 m 396.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 734.5 m 421.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 720.5 m 421.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 734.5 m 475.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 720.5 m 475.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 734.5 m 499.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 720.5 m 499.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 734.5 m 553.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 720.5 m 553.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 720.5 m 396.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 720.5 m 421.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 720.5 m 475.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 720.5 m 499.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 720.5 m 553.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 690.5 m 396.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 690.5 m 421.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 690.5 m 475.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 690.5 m 499.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 690.5 m 553.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 690.5 m 475.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 690.5 m 553.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 601.5 m 396.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 601.5 m 421.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 601.5 m 475.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 601.5 m 499.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 601.5 m 553.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 586.5 m 396.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 586.5 m 421.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 601.5 m 475.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 586.5 m 475.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 586.5 m 499.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 601.5 m 553.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 586.5 m 553.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 586.5 m 396.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 571.5 m 396.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 586.5 m 421.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 571.5 m 421.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 586.5 m 475.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 571.5 m 475.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 586.5 m 499.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 571.5 m 499.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 586.5 m 553.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 571.5 m 553.5 571.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 736.15 Td (\($ thousands\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 724.90 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 738.90 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 724.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 724.90 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 711.45 Td (Net earnings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 709.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 709.90 Td (27,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 709.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 709.90 Td (30,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 696.45 Td (Income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 694.90 Td (1) Tj ET Q q 0 0 0 rg BT 449.46 694.90 Td (1,507) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 694.90 Td (1) Tj ET Q q 0 0 0 rg BT 527.46 694.90 Td (1,980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 681.45 Td (Earnings before income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 680.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 680.90 Td (39,425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 680.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 680.90 Td (42,085) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 665.45 Td (Interest expense and other financing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 665.90 Td (1,653) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 665.90 Td (1,227) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 652.45 Td (Items included in other income not representative of ongoing operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 652.45 Td (2,690) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 652.45 Td (3,479) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 638.45 Td (Restructuring and other related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 639.90 Td (2,055) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 639.90 Td (6,490) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 626.45 Td (Change in the fair value of biological assets and unrealized \(gains\) losses on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 617.45 Td (derivative contracts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 618.90 Td (6,785) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.45 618.90 Td (6,524) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 603.50 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 605.45 Td (29,874) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 605.45 Td (28,062) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 590.45 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 590.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 590.90 Td (82,482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 590.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 590.90 Td (87,867) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 576.70 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 127.17 576.70 Td ( Margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.00 575.90 Td (10.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.00 575.90 Td (10.8%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 556.70 Td (Free Cash Flow) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.52 556.70 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 541.40 Td (Free Cash Flow) Tj ET Q q 0 0 0 rg BT 113.02 541.40 Td (, a non-IFRS measure, is used by Management to evaluate cash flow after investing in the maintenance or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (expansion of the Company's asset base. It is defined as cash provided by \(used in\) operations, less additions to long-term ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 519.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 80.85 519.80 Td (The following table calculates Free Cash Flow for the periods indicated below) Tj ET Q q 0 0 0 rg BT 388.52 519.80 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.02 519.80 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 479.3 m 395.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 494.3 m 420.25 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 479.3 m 420.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.25 494.3 m 474.25 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.25 479.3 m 474.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.25 494.3 m 499.25 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.25 479.3 m 499.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 494.3 m 553.25 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 479.3 m 553.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 479.3 m 395.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 479.3 m 420.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.25 479.3 m 474.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.25 479.3 m 499.25 479.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 479.3 m 553.25 479.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 451.3 m 395.25 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 437.3 m 395.25 437.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.25 451.3 m 420.25 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 437.3 m 420.25 437.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.25 451.3 m 474.25 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.25 437.3 m 474.25 437.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.25 451.3 m 499.25 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.25 437.3 m 499.25 437.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.25 451.3 m 553.25 451.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 437.3 m 553.25 437.3 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 51.75 494.95 Td (\($ thousands\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 51.75 483.70 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.45 498.70 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.70 483.70 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.70 483.70 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.75 469.70 Td (Cash provided by operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 469.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.20 469.70 Td (32,055) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.75 469.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.20 469.70 Td (55,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.75 455.70 Td (Additions to long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.20 455.70 Td (\(35,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.75 455.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.20 455.70 Td (\(20,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 455.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.75 441.70 Td (Free Cash \(Out\) In Flow ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 441.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.20 441.70 Td (\(3,305) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.75 441.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.75 441.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.20 441.70 Td (34,753) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 422.50 Td (Net Cash) Tj ET Q BT /F5 9.00 Tf ET BT /F5 5.85 Tf ET q 0 0 0 rg BT 89.01 426.79 Td (\(10\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (The following table reconciles Net Cash to amounts reported under IFRS in the Company's consolidated financial statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (for the three months ended, as indicated below) Tj ET Q q 0 0 0 rg BT 236.62 396.40 Td (. ) Tj ET Q q 0 0 0 rg BT 241.46 396.40 Td (The Company calculates Net Cash as cash and cash equivalents, less long-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 385.60 Td (term debt and bank indebtedness. Management believes this measure is useful in assessing the amount of financial leverage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 374.80 Td (employed.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 91.52 374.80 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 349.29999999999995 m 421.5 349.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 349.29999999999995 m 475.5 349.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 349.29999999999995 m 499.5 349.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 349.29999999999995 m 553.5 349.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 334.29999999999995 m 396.5 334.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 334.29999999999995 m 421.5 334.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 334.29999999999995 m 475.5 334.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 334.29999999999995 m 499.5 334.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 334.29999999999995 m 553.5 334.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 320.29999999999995 m 396.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 320.29999999999995 m 421.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 320.29999999999995 m 475.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 320.29999999999995 m 499.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 320.29999999999995 m 553.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 292.29999999999995 m 499.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 292.29999999999995 m 396.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 292.29999999999995 m 421.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 292.29999999999995 m 475.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 292.29999999999995 m 499.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 292.29999999999995 m 553.5 292.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 278.29999999999995 m 396.5 278.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 264.29999999999995 m 396.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 278.29999999999995 m 421.5 278.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 264.29999999999995 m 421.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 278.29999999999995 m 475.5 278.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 264.29999999999995 m 475.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 278.29999999999995 m 499.5 278.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 264.29999999999995 m 499.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 278.29999999999995 m 553.5 278.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 264.29999999999995 m 553.5 264.29999999999995 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 349.95 Td (\($ thousands\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 338.70 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.20 353.70 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 338.70 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 338.70 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 324.70 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 324.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 324.70 Td (67,697) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 324.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.45 324.70 Td (143,596) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 310.70 Td (Current portion of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 310.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.95 310.70 Td (\(816) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 310.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 310.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.95 310.70 Td (\(837) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 310.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 296.70 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 296.70 Td (\(59,938) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 296.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.45 296.70 Td (\(8,998) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 296.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 282.70 Td (T) Tj ET Q q 0 0 0 rg BT 57.83 282.70 Td (otal debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 282.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 282.70 Td (\(60,754) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 282.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 282.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.45 282.70 Td (\(9,835) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 282.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 268.70 Td (Net cash) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 268.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 268.70 Td (6,943) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 268.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.45 268.70 Td (133,761) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 33.25 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 740.45 Td (FOR) Tj ET Q q 0 0 0 rg BT 72.83 740.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.83 740.45 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 158.66 740.45 Td (A) Tj ET Q q 0 0 0 rg BT 164.49 740.45 Td (TEMENTS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.49 740.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 725.15 Td (This document contains, and the Company) Tj ET Q q 0 0 0 rg BT 226.93 725.15 Td (s oral and written public communications often contain, forward-looking ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 714.35 Td (information within the meaning of applicable securities law) Tj ET Q q 0 0 0 rg BT 288.12 714.35 Td (. ) Tj ET Q q 0 0 0 rg BT 292.96 714.35 Td (These statements are based on current expectations, estimates, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 703.55 Td (forecasts, and projections about the industries in which the Company operates, as well as beliefs and assumptions made by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 692.75 Td (Management of the Company) Tj ET Q q 0 0 0 rg BT 171.90 692.75 Td (. Such statements include, but are not limited to, statements with respect to objectives and goals, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 681.95 Td (in addition to statements with respect to beliefs, plans, objectives, expectations, anticipations, estimates, and intentions. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 671.15 Td (Specific forward-looking information in this document includes, but is not limited to, statements with respect to: expectations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 660.35 Td (regarding the use of derivatives, futures and options; the expected use of cash balances; source of funds for ongoing business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 649.55 Td (requirements; capital investments and expectations regarding capital expenditures; expectations regarding the implementation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 638.75 Td (of environmental sustainability initiatives; expectations regarding the adoption of new accounting standards and the impact of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 627.95 Td (such adoption on financial position; expectations regarding pension plan performance and future pension plan liabilities and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 617.15 Td (contributions; expectations regarding levels of credit risk; and expectations regarding outcomes of legal actions. W) Tj ET Q q 0 0 0 rg BT 508.58 617.15 Td (ords such ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 606.35 Td (as expect, anticipate, intend, may, will, plan, believe, seek, estimate, and variations of such words and similar ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 595.55 Td (expressions are intended to identify such forward-looking information. ) Tj ET Q q 0 0 0 rg BT 332.99 595.55 Td (These statements are not guarantees of future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 584.75 Td (performance and involve assumptions, risks, and uncertainties that are dif) Tj ET Q q 0 0 0 rg BT 347.49 584.75 Td (ficult to predict. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.02 584.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 569.45 Td (In addition, these statements and expectations concerning the performance of the Company) Tj ET Q q 0 0 0 rg BT 422.06 569.45 Td (s business in general are based ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 558.65 Td (on a number of factors and assumptions including, but not limited to: the condition of the Canadian, U.S., and Japanese ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 547.85 Td (economies; the rate of exchange of the Canadian dollar to the U.S. dollar) Tj ET Q q 0 0 0 rg BT 344.18 547.85 Td (, and the Japanese yen; the availability and prices of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 537.05 Td (raw materials, energy and supplies; product pricing; the availability of insurance; the competitive environment and related ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (market conditions; improvement of operating ef) Tj ET Q q 0 0 0 rg BT 241.43 526.25 Td (ficiencies; continued access to capital; the cost of compliance with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 515.45 Td (environmental and health standards; no adverse results from ongoing litigation; no unexpected actions of domestic and foreign ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 504.65 Td (governments; and the general assumption that none of the risks identified below or elsewhere in this document will ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 493.85 Td (materialize. ) Tj ET Q q 0 0 0 rg BT 102.02 493.85 Td (All of these assumptions have been derived from information currently available to the Company) Tj ET Q q 0 0 0 rg BT 484.05 493.85 Td (, including ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 483.05 Td (information obtained by the Company from third-party sources. ) Tj ET Q q 0 0 0 rg BT 305.96 483.05 Td (These assumptions may prove to be incorrect in whole or in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 472.25 Td (part. In addition, actual results may dif) Tj ET Q q 0 0 0 rg BT 205.41 472.25 Td (fer materially from those expressed, implied, or forecasted in such forward-looking ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 461.45 Td (information, which reflect the Company) Tj ET Q q 0 0 0 rg BT 211.41 461.45 Td (s expectations only as of the date hereof. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.51 461.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 446.15 Td (Factors that could cause actual results or outcomes to dif) Tj ET Q q 0 0 0 rg BT 281.45 446.15 Td (fer materially from the results expressed, implied, or forecasted by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 435.35 Td (forward looking information include, among other things: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.13 435.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 420.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 420.05 Td (risks associated with the Company focusing solely on the protein business;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.16 420.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 404.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 404.75 Td (risks related to the Company's decisions regarding any potential return of capital to shareholders;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.43 404.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 389.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 389.45 Td (risks associated with concentration of production in fewer facilities; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.13 389.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 374.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 374.15 Td (risks associated with the availability of capital; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.08 374.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 358.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 358.85 Td (risks associated with changes in the Company) Tj ET Q q 0 0 0 rg BT 258.43 358.85 Td (s information systems and processes; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.49 358.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 343.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 343.55 Td (risks associated with cyber threats;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.55 343.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 328.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 328.25 Td (risks posed by food contamination, consumer liability) Tj ET Q q 0 0 0 rg BT 281.43 328.25 Td (, and product recalls; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.48 328.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 312.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.95 Td (risks associated with acquisitions, divestitures, and capital expansion projects;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.15 312.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 297.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 297.65 Td (impact on pension expense and funding requirements of fluctuations in the market prices of fixed income and equity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 286.85 Td (securities and changes in interest rates; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.09 286.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 271.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 271.55 Td (cyclical nature of the cost and supply of hogs and the competitive nature of the pork market generally; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.73 271.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 256.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 256.25 Td (risks related to the health status of livestock;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.59 256.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 240.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 240.95 Td (impact of a pandemic on the Company) Tj ET Q q 0 0 0 rg BT 227.92 240.95 Td (s operations; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.45 240.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 225.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 225.65 Td (the Company) Tj ET Q q 0 0 0 rg BT 127.37 225.65 Td (s exposure to currency exchange risks; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.94 225.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 210.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 210.35 Td (ability of the Company to hedge against the ef) Tj ET Q q 0 0 0 rg BT 254.96 210.35 Td (fect of commodity price changes through the use of commodity futures and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 199.55 Td (options;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.52 199.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 184.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 184.25 Td (impact of changes in the market value of the biological assets and hedging instruments; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.20 184.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 168.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 168.95 Td (risks associated with the supply management system for poultry in Canada;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.64 168.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 153.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 153.65 Td (risks associated with the use of contract manufacturers;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.60 153.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 138.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 138.35 Td (impact of international events on commodity prices and the free flow of goods;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.67 138.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 123.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 123.05 Td (risks posed by compliance with extensive government regulation; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.63 123.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 107.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 107.75 Td (risks posed by litigation; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 172.55 107.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 92.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 92.45 Td (impact of changes in consumer tastes and buying patterns; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.13 92.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 77.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 77.15 Td (impact of extensive environmental regulation and potential environmental liabilities; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.69 77.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 61.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 61.85 Td (risks associated with a consolidating retail environment; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.61 61.85 Td ( ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 33.25 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 740.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 740.45 Td (risks posed by competition; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.55 740.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 725.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.15 Td (risks associated with complying with dif) Tj ET Q q 0 0 0 rg BT 227.90 725.15 Td (fering employment laws and practices, the potential for work stoppages due to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 714.35 Td (non-renewal of collective agreements, and recruiting and retaining qualified personnel; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.71 714.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 699.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 699.05 Td (risks associated with pricing the Company) Tj ET Q q 0 0 0 rg BT 241.41 699.05 Td (s products; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.43 699.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 683.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 683.75 Td (risks associated with managing the Company) Tj ET Q q 0 0 0 rg BT 254.43 683.75 Td (s supply chain; and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.48 683.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 668.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 668.45 Td (risks associated with failing to identify and manage the strategic risks facing the Company) Tj ET Q q 0 0 0 rg BT 428.51 668.45 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.01 668.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 653.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 653.15 Td (Impact of changes in International Financial Reporting Standards and other accounting standards that the Company is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 642.35 Td (required to adhere to for regulatory purposes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.61 642.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 627.05 Td (The Company cautions the reader that the foregoing list of factors is not exhaustive. ) Tj ET Q q 0 0 0 rg BT 390.02 627.05 Td (These factors are discussed in more ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 616.25 Td (detail under the heading Risk Factors in the Company's ) Tj ET Q q 0 0 0 rg BT 282.84 616.25 Td (Annual Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 437.65 616.25 Td (Analysis for the year ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 605.45 Td (December 31, 2017, that is available on SEDAR at www) Tj ET Q q 0 0 0 rg BT 277.62 605.45 Td (.sedar) Tj ET Q q 0 0 0 rg BT 302.13 605.45 Td (.com. ) Tj ET Q q 0 0 0 rg BT 326.47 605.45 Td (The reader should review such section in detail. Some of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 594.65 Td (the forward-looking information may be considered to be financial outlooks for purposes of applicable securities legislation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 583.85 Td (including, but not limited to, statements concerning future capital expenditures. ) Tj ET Q q 0 0 0 rg BT 369.02 583.85 Td (These financial outlooks are presented to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 573.05 Td (evaluate anticipated future uses of cash flows, and may not be appropriate for other purposes and readers should not assume ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (they will be achieved. ) Tj ET Q q 0 0 0 rg BT 141.89 562.25 Td (The Company does not intend to, and the Company disclaims any obligation to, update any forward-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 551.45 Td (looking information, whether written or oral, or whether as a result of new information, future events or otherwise, except as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 540.65 Td (required by law) Tj ET Q q 0 0 0 rg BT 114.53 540.65 Td (. ) Tj ET Q q 0 0 0 rg BT 119.04 540.65 Td (Additional information concerning the Company) Tj ET Q q 0 0 0 rg BT 307.48 540.65 Td (, including the Company) Tj ET Q q 0 0 0 rg BT 405.87 540.65 Td (s ) Tj ET Q q 0 0 0 rg BT 412.38 540.65 Td (Annual Information Form is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 529.85 Td (available on SEDAR at www) Tj ET Q q 0 0 0 rg BT 167.05 529.85 Td (.sedar) Tj ET Q q 0 0 0 rg BT 191.57 529.85 Td (.com. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.07 529.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 514.55 Td (About Maple Leaf Foods Inc. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.00 514.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 499.25 Td (Maple Leaf Foods Inc. is a leading consumer protein company) Tj ET Q q 0 0 0 rg BT 301.47 499.25 Td (, making high quality) Tj ET Q q 0 0 0 rg BT 382.85 499.25 Td (, innovative products under national brands ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 488.45 Td (including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 477.65 Td (Mina, Lightlife) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 116.16 481.94 Td (TM ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 126.23 477.65 Td (and Field Roast Grain Meat Co.. Maple Leaf employs approximately 1) Tj ET Q q 0 0 0 rg BT 412.70 477.65 Td (1,500 people and does business in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 466.85 Td (Canada, the U.S. and ) Tj ET Q q 0 0 0 rg BT 142.56 466.85 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 164.91 466.85 Td (The Company is headquartered in Mississauga, Ontario and its shares trade on the ) Tj ET Q q 0 0 0 rg BT 498.93 466.85 Td (T) Tj ET Q q 0 0 0 rg BT 503.43 466.85 Td (oronto Stock ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.00 456.05 Td (Exchange \(MFI\). ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.52 456.05 Td ( ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 33.25 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.25 740.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.75 740.45 Td (Footnote Legend) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 723.65 Td (1. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 723.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 111.46 723.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 143.63 723.65 Td ( ) Tj ET Q q 0 0 0 rg BT 148.07 723.65 Td (is ) Tj ET Q q 0 0 0 rg BT 159.01 723.65 Td (calculated ) Tj ET Q q 0 0 0 rg BT 203.97 723.65 Td (as ) Tj ET Q q 0 0 0 rg BT 217.92 723.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 256.88 723.65 Td (before ) Tj ET Q q 0 0 0 rg BT 286.84 723.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 320.79 723.65 Td (and ) Tj ET Q q 0 0 0 rg BT 340.24 723.65 Td (income ) Tj ET Q q 0 0 0 rg BT 373.69 723.65 Td (taxes ) Tj ET Q q 0 0 0 rg BT 399.64 723.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 420.59 723.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 474.06 723.65 Td (and ) Tj ET Q q 0 0 0 rg BT 493.52 723.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 536.49 723.65 Td (asset ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 712.85 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 125.72 712.85 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 161.95 712.85 Td (for ) Tj ET Q q 0 0 0 rg BT 174.65 712.85 Td (items ) Tj ET Q q 0 0 0 rg BT 198.36 712.85 Td (that ) Tj ET Q q 0 0 0 rg BT 215.57 712.85 Td (are ) Tj ET Q q 0 0 0 rg BT 230.78 712.85 Td (not ) Tj ET Q q 0 0 0 rg BT 245.49 712.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 291.72 712.85 Td (representative ) Tj ET Q q 0 0 0 rg BT 350.96 712.85 Td (of ) Tj ET Q q 0 0 0 rg BT 360.66 712.85 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 394.90 712.85 Td (operational ) Tj ET Q q 0 0 0 rg BT 441.63 712.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 478.34 712.85 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 712.85 Td (the ) Tj ET Q q 0 0 0 rg BT 502.76 712.85 Td (business, ) Tj ET Q q 0 0 0 rg BT 542.98 712.85 Td (and ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 702.05 Td (items ) Tj ET Q q 0 0 0 rg BT 95.54 702.05 Td (where ) Tj ET Q q 0 0 0 rg BT 122.10 702.05 Td (the ) Tj ET Q q 0 0 0 rg BT 136.65 702.05 Td (economic ) Tj ET Q q 0 0 0 rg BT 177.20 702.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 205.75 702.05 Td (of ) Tj ET Q q 0 0 0 rg BT 215.30 702.05 Td (the ) Tj ET Q q 0 0 0 rg BT 229.85 702.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 280.41 702.05 Td (will ) Tj ET Q q 0 0 0 rg BT 294.95 702.05 Td (be ) Tj ET Q q 0 0 0 rg BT 307.00 702.05 Td (reflected ) Tj ET Q q 0 0 0 rg BT 343.56 702.05 Td (in ) Tj ET Q q 0 0 0 rg BT 352.61 702.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 389.17 702.05 Td (in ) Tj ET Q q 0 0 0 rg BT 398.22 702.05 Td (future ) Tj ET Q q 0 0 0 rg BT 423.27 702.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 454.83 702.05 Td (when ) Tj ET Q q 0 0 0 rg BT 478.38 702.05 Td (the ) Tj ET Q q 0 0 0 rg BT 492.93 702.05 Td (underlying ) Tj ET Q q 0 0 0 rg BT 536.50 702.05 Td (asset ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 691.25 Td (is ) Tj ET Q q 0 0 0 rg BT 80.25 691.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 98.50 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.25 691.25 Td (transferred. ) Tj ET Q q 0 0 0 rg BT 155.78 691.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 192.55 691.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 224.73 691.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.47 691.25 Td (margin ) Tj ET Q q 0 0 0 rg BT 255.73 691.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.97 691.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 306.25 691.25 Td (as ) Tj ET Q q 0 0 0 rg BT 317.26 691.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 354.03 691.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 386.21 691.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.95 691.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 418.22 691.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.47 691.25 Td (sales.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 452.98 691.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.73 691.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.47 691.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 485.74 691.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 505.99 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.24 691.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.50 691.25 Td (section ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 680.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 103.52 680.45 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 146.03 680.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 184.55 680.45 Td (Measures ) Tj ET Q q 0 0 0 rg BT 226.56 680.45 Td (in ) Tj ET Q q 0 0 0 rg BT 236.07 680.45 Td (the ) Tj ET Q q 0 0 0 rg BT 251.08 680.45 Td (Company's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 298.32 680.45 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 318.34 680.45 Td ( ) Tj ET Q q 0 0 0 rg BT 320.84 680.45 Td (first ) Tj ET Q q 0 0 0 rg BT 337.84 680.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.85 680.45 Td (Management's ) Tj ET Q q 0 0 0 rg BT 430.11 680.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 476.12 680.45 Td (and ) Tj ET Q q 0 0 0 rg BT 493.30 680.45 Td (Analysis.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 669.65 Td (2. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 669.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 110.26 669.65 Td (Operating ) Tj ET Q q 0 0 0 rg BT 153.02 669.65 Td (Earnings, ) Tj ET Q q 0 0 0 rg BT 194.27 669.65 Td (a ) Tj ET Q q 0 0 0 rg BT 202.51 669.65 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 244.26 669.65 Td (measure, ) Tj ET Q q 0 0 0 rg BT 285.01 669.65 Td (is ) Tj ET Q q 0 0 0 rg BT 294.75 669.65 Td (used ) Tj ET Q q 0 0 0 rg BT 317.50 669.65 Td (by ) Tj ET Q q 0 0 0 rg BT 330.24 669.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 386.00 669.65 Td (to ) Tj ET Q q 0 0 0 rg BT 396.74 669.65 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 434.00 669.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.26 669.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 511.02 669.65 Td (results. ) Tj ET Q q 0 0 0 rg BT 543.27 669.65 Td (It ) Tj ET Q q 0 0 0 rg BT 551.50 669.65 Td (is ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 658.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 104.32 658.85 Td (as ) Tj ET Q q 0 0 0 rg BT 116.62 658.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 153.94 658.85 Td (before ) Tj ET Q q 0 0 0 rg BT 182.25 658.85 Td (income ) Tj ET Q q 0 0 0 rg BT 214.06 658.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 238.37 658.85 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 275.19 658.85 Td (for ) Tj ET Q q 0 0 0 rg BT 288.49 658.85 Td (items ) Tj ET Q q 0 0 0 rg BT 312.79 658.85 Td (that ) Tj ET Q q 0 0 0 rg BT 330.59 658.85 Td (are ) Tj ET Q q 0 0 0 rg BT 346.39 658.85 Td (not ) Tj ET Q q 0 0 0 rg BT 361.70 658.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 408.52 658.85 Td (representative ) Tj ET Q q 0 0 0 rg BT 468.35 658.85 Td (of ) Tj ET Q q 0 0 0 rg BT 478.65 658.85 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 513.48 658.85 Td (operational ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 648.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 109.55 648.05 Td (of ) Tj ET Q q 0 0 0 rg BT 120.10 648.05 Td (the ) Tj ET Q q 0 0 0 rg BT 135.65 648.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 176.71 648.05 Td (and ) Tj ET Q q 0 0 0 rg BT 194.77 648.05 Td (items ) Tj ET Q q 0 0 0 rg BT 219.31 648.05 Td (where ) Tj ET Q q 0 0 0 rg BT 246.86 648.05 Td (the ) Tj ET Q q 0 0 0 rg BT 262.41 648.05 Td (economic ) Tj ET Q q 0 0 0 rg BT 303.97 648.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.52 648.05 Td (of ) Tj ET Q q 0 0 0 rg BT 344.06 648.05 Td (the ) Tj ET Q q 0 0 0 rg BT 359.61 648.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 411.18 648.05 Td (will ) Tj ET Q q 0 0 0 rg BT 426.72 648.05 Td (be ) Tj ET Q q 0 0 0 rg BT 439.77 648.05 Td (reflected ) Tj ET Q q 0 0 0 rg BT 477.33 648.05 Td (in ) Tj ET Q q 0 0 0 rg BT 487.37 648.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 524.94 648.05 Td (in ) Tj ET Q q 0 0 0 rg BT 534.98 648.05 Td (future ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 637.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 104.12 637.25 Td (when ) Tj ET Q q 0 0 0 rg BT 128.23 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.34 637.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 187.47 637.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 211.58 637.25 Td (is ) Tj ET Q q 0 0 0 rg BT 220.67 637.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 239.78 637.25 Td (or ) Tj ET Q q 0 0 0 rg BT 250.38 637.25 Td (transferred.) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 296.40 641.54 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 298.09 637.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 328.21 637.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 349.31 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.41 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.52 637.25 Td (section ) Tj ET Q q 0 0 0 rg BT 405.64 637.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 437.26 637.25 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 479.86 637.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.48 637.25 Td (Measures ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 626.45 Td (in ) Tj ET Q q 0 0 0 rg BT 81.51 626.45 Td (the ) Tj ET Q q 0 0 0 rg BT 96.52 626.45 Td (Company's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 143.75 626.45 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 163.78 626.45 Td ( ) Tj ET Q q 0 0 0 rg BT 166.28 626.45 Td (first ) Tj ET Q q 0 0 0 rg BT 183.27 626.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 214.29 626.45 Td (Management's ) Tj ET Q q 0 0 0 rg BT 275.54 626.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 321.56 626.45 Td (and ) Tj ET Q q 0 0 0 rg BT 338.74 626.45 Td (Analysis.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 615.65 Td (3. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 615.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 110.22 615.65 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 148.93 615.65 Td (per ) Tj ET Q q 0 0 0 rg BT 165.13 615.65 Td (Share, ) Tj ET Q q 0 0 0 rg BT 194.84 615.65 Td (a ) Tj ET Q q 0 0 0 rg BT 203.03 615.65 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 244.74 615.65 Td (measure, ) Tj ET Q q 0 0 0 rg BT 285.44 615.65 Td (is ) Tj ET Q q 0 0 0 rg BT 295.14 615.65 Td (used ) Tj ET Q q 0 0 0 rg BT 317.84 615.65 Td (by ) Tj ET Q q 0 0 0 rg BT 330.54 615.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 386.26 615.65 Td (to ) Tj ET Q q 0 0 0 rg BT 396.96 615.65 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 434.18 615.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.39 615.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 511.11 615.65 Td (results. ) Tj ET Q q 0 0 0 rg BT 543.31 615.65 Td (It ) Tj ET Q q 0 0 0 rg BT 551.50 615.65 Td (is ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 604.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 103.88 604.85 Td (as ) Tj ET Q q 0 0 0 rg BT 115.74 604.85 Td (basic ) Tj ET Q q 0 0 0 rg BT 139.10 604.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 175.97 604.85 Td (per ) Tj ET Q q 0 0 0 rg BT 191.33 604.85 Td (share ) Tj ET Q q 0 0 0 rg BT 216.20 604.85 Td (and ) Tj ET Q q 0 0 0 rg BT 233.56 604.85 Td (is ) Tj ET Q q 0 0 0 rg BT 242.42 604.85 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 278.79 604.85 Td (on ) Tj ET Q q 0 0 0 rg BT 291.16 604.85 Td (the ) Tj ET Q q 0 0 0 rg BT 306.02 604.85 Td (same ) Tj ET Q q 0 0 0 rg BT 330.38 604.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 353.74 604.85 Td (as ) Tj ET Q q 0 0 0 rg BT 365.28 604.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 402.66 604.85 Td (Operating ) Tj ET Q q 0 0 0 rg BT 444.53 604.85 Td (Earnings.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 482.56 604.85 Td ( ) Tj ET Q q 0 0 0 rg BT 484.91 604.85 Td (Please ) Tj ET Q q 0 0 0 rg BT 514.78 604.85 Td (refer ) Tj ET Q q 0 0 0 rg BT 535.63 604.85 Td (to ) Tj ET Q q 0 0 0 rg BT 545.49 604.85 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 594.05 Td (section ) Tj ET Q q 0 0 0 rg BT 102.85 594.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 134.20 594.05 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 176.54 594.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 214.89 594.05 Td (Measures ) Tj ET Q q 0 0 0 rg BT 256.74 594.05 Td (in ) Tj ET Q q 0 0 0 rg BT 266.08 594.05 Td (the ) Tj ET Q q 0 0 0 rg BT 280.92 594.05 Td (Company's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 327.99 594.05 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 348.01 594.05 Td ( ) Tj ET Q q 0 0 0 rg BT 350.34 594.05 Td (first ) Tj ET Q q 0 0 0 rg BT 367.17 594.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 398.02 594.05 Td (Management's ) Tj ET Q q 0 0 0 rg BT 459.10 594.05 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 504.95 594.05 Td (and ) Tj ET Q q 0 0 0 rg BT 521.98 594.05 Td (Analysis.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 583.25 Td (4. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 583.25 Td (Free Cash Flow) Tj ET Q q 0 0 0 rg BT 135.02 583.25 Td (, a non-IFRS measure, is used by Management to evaluate cash flow after investing in the maintenance ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 572.45 Td (or expansion of the Company's asset base. It is defined as cash provided by operations, less additions to long-term ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 561.65 Td (assets. Please refer to the section entitled Non-IFRS Financial Measures in the Company's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 436.39 561.65 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 456.41 561.65 Td ( first quarter ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 550.85 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 196.45 550.85 Td (Analysis.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 540.05 Td (5. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 540.05 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 116.99 540.05 Td (gains/losses ) Tj ET Q q 0 0 0 rg BT 168.48 540.05 Td (on ) Tj ET Q q 0 0 0 rg BT 180.46 540.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 220.94 540.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 259.42 540.05 Td (is ) Tj ET Q q 0 0 0 rg BT 267.89 540.05 Td (reported ) Tj ET Q q 0 0 0 rg BT 303.37 540.05 Td (within ) Tj ET Q q 0 0 0 rg BT 328.35 540.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 346.82 540.05 Td (of ) Tj ET Q q 0 0 0 rg BT 356.29 540.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 379.27 540.05 Td (in ) Tj ET Q q 0 0 0 rg BT 388.24 540.05 Td (the ) Tj ET Q q 0 0 0 rg BT 402.72 540.05 Td (Company) Tj ET Q q 0 0 0 rg BT 443.07 540.05 Td (s ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 449.54 540.05 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 469.56 540.05 Td ( ) Tj ET Q q 0 0 0 rg BT 471.52 540.05 Td (first ) Tj ET Q q 0 0 0 rg BT 487.99 540.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 518.47 540.05 Td (unaudited ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 529.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 120.32 529.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 175.14 529.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 206.43 529.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.73 529.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 294.54 529.25 Td (For ) Tj ET Q q 0 0 0 rg BT 312.32 529.25 Td (biological ) Tj ET Q q 0 0 0 rg BT 354.13 529.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.43 529.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 435.73 529.25 Td (please ) Tj ET Q q 0 0 0 rg BT 466.54 529.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 489.32 529.25 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 501.11 529.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 524.41 529.25 Td (6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 529.41 529.25 Td ( ) Tj ET Q q 0 0 0 rg BT 533.70 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.49 529.25 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 518.45 Td (Company) Tj ET Q q 0 0 0 rg BT 112.35 518.45 Td (s ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 119.36 518.45 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 139.38 518.45 Td ( ) Tj ET Q q 0 0 0 rg BT 141.88 518.45 Td (first ) Tj ET Q q 0 0 0 rg BT 158.88 518.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 189.89 518.45 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 231.93 518.45 Td (condensed ) Tj ET Q q 0 0 0 rg BT 278.47 518.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.51 518.45 Td (interim ) Tj ET Q q 0 0 0 rg BT 361.01 518.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.53 518.45 Td (statements. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 507.65 Td (6. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 507.65 Td (Includes ) Tj ET Q q 0 0 0 rg BT 108.02 507.65 Td (per ) Tj ET Q q 0 0 0 rg BT 123.53 507.65 Td (share ) Tj ET Q q 0 0 0 rg BT 148.54 507.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 177.55 507.65 Td (of ) Tj ET Q q 0 0 0 rg BT 187.56 507.65 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 240.08 507.65 Td (and ) Tj ET Q q 0 0 0 rg BT 257.59 507.65 Td (other ) Tj ET Q q 0 0 0 rg BT 280.61 507.65 Td (related ) Tj ET Q q 0 0 0 rg BT 310.63 507.65 Td (costs, ) Tj ET Q q 0 0 0 rg BT 336.63 507.65 Td (net ) Tj ET Q q 0 0 0 rg BT 351.65 507.65 Td (of ) Tj ET Q q 0 0 0 rg BT 361.65 507.65 Td (tax.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 376.16 507.65 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 496.85 Td (7. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 496.85 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 109.92 496.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 145.85 496.85 Td (\(gains\) ) Tj ET Q q 0 0 0 rg BT 176.28 496.85 Td (and ) Tj ET Q q 0 0 0 rg BT 194.22 496.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 222.64 496.85 Td (on ) Tj ET Q q 0 0 0 rg BT 235.57 496.85 Td (disposal ) Tj ET Q q 0 0 0 rg BT 271.51 496.85 Td (of ) Tj ET Q q 0 0 0 rg BT 281.94 496.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 328.37 496.85 Td (properties, ) Tj ET Q q 0 0 0 rg BT 373.81 496.85 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 419.26 496.85 Td (related ) Tj ET Q q 0 0 0 rg BT 449.69 496.85 Td (costs, ) Tj ET Q q 0 0 0 rg BT 476.12 496.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.55 496.85 Td (income, ) Tj ET Q q 0 0 0 rg BT 542.98 496.85 Td (and ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 486.05 Td (litigation ) Tj ET Q q 0 0 0 rg BT 107.52 486.05 Td (costs, ) Tj ET Q q 0 0 0 rg BT 133.53 486.05 Td (net ) Tj ET Q q 0 0 0 rg BT 148.54 486.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.55 486.05 Td (tax. ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 175.55 490.34 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 475.25 Td (8. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 475.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 107.46 475.25 Td (per ) Tj ET Q q 0 0 0 rg BT 122.40 475.25 Td (share ) Tj ET Q q 0 0 0 rg BT 146.85 475.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 175.30 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.74 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.19 475.25 Td (change ) Tj ET Q q 0 0 0 rg BT 230.65 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.59 475.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 283.06 475.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 310.50 475.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.45 475.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 362.90 475.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 401.36 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.31 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.76 475.25 Td (change ) Tj ET Q q 0 0 0 rg BT 464.22 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.16 475.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 487.60 475.25 Td (value ) Tj ET Q q 0 0 0 rg BT 511.05 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.49 475.25 Td (biological ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 464.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 103.01 464.45 Td (net ) Tj ET Q q 0 0 0 rg BT 118.02 464.45 Td (of ) Tj ET Q q 0 0 0 rg BT 128.03 464.45 Td (tax. ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 453.65 Td (9. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 453.65 Td (May not add due to rounding.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.00 442.85 Td (10. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 442.85 Td (Net cash, a non-IFRS measure, is used by Management to assess the amount of financial leverage that has been ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 432.05 Td (employed. It is defined as total cash and cash equivalents less total long-term debt. Please refer to the section entitled ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 421.25 Td (Non-IFRS Financial Measures in the Company's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 266.80 421.25 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 286.82 421.25 Td ( first quarter Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 461.78 421.25 Td (Analysis.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 18.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Consolidated Interim Balance Sheets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 60.25 Td (8) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 691.5 m 291.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 691.5 m 313.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 691.5 m 386.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 691.5 m 408.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 691.5 m 481.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 691.5 m 503.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 691.5 m 576.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 691.5 m 408.5 691.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 551.5 m 291.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 551.5 m 313.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 551.5 m 386.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 551.5 m 408.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 551.5 m 481.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 551.5 m 503.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 551.5 m 576.5 551.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 453.5 m 291.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 453.5 m 313.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 453.5 m 386.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 453.5 m 408.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 453.5 m 481.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 453.5 m 503.5 453.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 453.5 m 576.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 439.5 m 291.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 439.5 m 313.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 439.5 m 386.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 439.5 m 408.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 439.5 m 481.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 439.5 m 503.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 439.5 m 576.5 439.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 327.5 m 291.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 327.5 m 313.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 327.5 m 386.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 327.5 m 408.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 327.5 m 481.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 327.5 m 503.5 327.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 327.5 m 576.5 327.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 36.5 243.5 m 291.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 229.5 m 291.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 291.5 243.5 m 313.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 229.5 m 313.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 313.5 243.5 m 386.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 229.5 m 386.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 386.5 243.5 m 408.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 229.5 m 408.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 408.5 243.5 m 481.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 229.5 m 481.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 481.5 243.5 m 503.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 229.5 m 503.5 229.5 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 503.5 243.5 m 576.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 229.5 m 576.5 229.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 145.5 m 291.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 145.5 m 313.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 145.5 m 386.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 145.5 m 408.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 145.5 m 481.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 145.5 m 503.5 145.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 145.5 m 576.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 131.5 m 291.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 131.5 m 313.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 131.5 m 386.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 131.5 m 408.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 131.5 m 481.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 131.5 m 503.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 131.5 m 576.5 131.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 131.5 m 291.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 117.5 m 291.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 131.5 m 313.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 117.5 m 313.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 131.5 m 386.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 117.5 m 386.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 131.5 m 408.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 117.5 m 408.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 131.5 m 481.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 117.5 m 481.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 131.5 m 503.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 117.5 m 503.5 117.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 131.5 m 576.5 131.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 117.5 m 576.5 117.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 694.90 Td (\(In thousands of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.95 707.15 Td (As at March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.95 695.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 707.15 Td (As at March 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 695.90 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.45 707.15 Td (As at December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 695.90 Td (2017) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 333.00 682.20 Td (\(Unaudited\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 425.75 682.45 Td (\(Unaudited\)) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 472.78 686.74 Td (\(i\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 666.45 Td (ASSETS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 652.45 Td (Current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 640.20 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 640.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 640.20 Td (67,697) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 640.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 640.20 Td (143,596) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 640.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 640.20 Td (203,425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 626.20 Td (Accounts receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 626.20 Td (128,457) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 626.20 Td (128,066) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 626.20 Td (123,968) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 612.20 Td (Notes receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 612.20 Td (27,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 612.20 Td (31,886) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 612.20 Td (28,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 598.20 Td (Inventories) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 598.20 Td (325,618) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 598.20 Td (313,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 598.20 Td (273,365) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 584.20 Td (Biological assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 584.20 Td (109,419) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 584.20 Td (1) Tj ET Q q 0 0 0 rg BT 450.46 584.20 Td (16,884) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 584.20 Td (1) Tj ET Q q 0 0 0 rg BT 545.46 584.20 Td (1) Tj ET Q q 0 0 0 rg BT 550.46 584.20 Td (1,735) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 570.20 Td (Prepaid expenses and other assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 570.20 Td (18,862) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 570.20 Td (27,393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 570.20 Td (24,393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 556.20 Td (Assets held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.00 556.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 556.20 Td (4,837) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 564.00 556.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 542.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 542.20 Td (677,780) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 542.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 542.20 Td (766,282) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 542.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 542.20 Td (765,804) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 528.20 Td (Property and equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.95 528.20 Td (1,127,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 528.20 Td (1,086,182) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.95 528.20 Td (1,1) Tj ET Q q 0 0 0 rg BT 545.46 528.20 Td (16,309) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 514.20 Td (Investment property) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.45 514.20 Td (1,883) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 514.20 Td (1,920) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 514.20 Td (1,892) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 500.20 Td (Employee benefits) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 500.20 Td (21,751) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 500.20 Td (8,104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 500.20 Td (9,856) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 486.20 Td (Other long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.45 486.20 Td (8,135) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 486.20 Td (6,31) Tj ET Q q 0 0 0 rg BT 472.97 486.20 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 486.20 Td (6,125) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 472.20 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 472.20 Td (665,615) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 472.20 Td (522,584) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 472.20 Td (517,387) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 458.20 Td (Intangible assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 458.20 Td (213,153) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 458.20 Td (225,413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 458.20 Td (215,197) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 444.20 Td (T) Tj ET Q q 0 0 0 rg BT 55.50 444.20 Td (otal assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 444.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.95 444.20 Td (2,715,698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 444.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 444.20 Td (2,616,796) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 444.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.95 444.20 Td (2,632,570) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 414.45 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 92.67 414.45 Td (AND EQUITY) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 402.20 Td (Current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 388.20 Td (Accounts payable and accruals) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 388.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 388.20 Td (312,577) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 388.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 388.20 Td (280,438) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 388.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 388.20 Td (300,659) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 374.20 Td (Provisions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.45 374.20 Td (8,687) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 374.20 Td (12,607) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 374.20 Td (9,335) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 360.20 Td (Current portion of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.95 360.20 Td (816) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.95 360.20 Td (837) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.95 360.20 Td (805) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 346.20 Td (Income taxes payable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 346.20 Td (10,584) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 346.20 Td (8,410) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 346.20 Td (7,855) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 332.20 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 332.20 Td (17,773) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 332.20 Td (50,721) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 332.20 Td (31,597) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 318.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 318.20 Td (350,437) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 318.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 318.20 Td (353,013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 318.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 318.20 Td (350,251) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 304.20 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 304.20 Td (59,938) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 304.20 Td (8,998) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 304.20 Td (8,443) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 290.20 Td (Employee benefits) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 290.20 Td (1) Tj ET Q q 0 0 0 rg BT 355.46 290.20 Td (15,474) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 290.20 Td (1) Tj ET Q q 0 0 0 rg BT 450.46 290.20 Td (1) Tj ET Q q 0 0 0 rg BT 455.46 290.20 Td (1,430) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 290.20 Td (1) Tj ET Q q 0 0 0 rg BT 545.46 290.20 Td (17,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 276.20 Td (Provisions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.45 276.20 Td (9,891) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 276.20 Td (15,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 276.20 Td (1) Tj ET Q q 0 0 0 rg BT 550.46 276.20 Td (1,273) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 262.20 Td (Other long-term liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 262.20 Td (14,183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 262.20 Td (12,146) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 262.20 Td (12,689) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 248.20 Td (Deferred tax liability) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.45 248.20 Td (89,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 248.20 Td (52,610) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 248.20 Td (80,498) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 234.20 Td (T) Tj ET Q q 0 0 0 rg BT 55.50 234.20 Td (otal liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 234.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 234.20 Td (639,433) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 234.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 234.20 Td (553,952) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 234.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 234.20 Td (580,962) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 206.20 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 98.52 206.20 Td ( equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 192.20 Td (Share capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 192.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 192.20 Td (835,701) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 192.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.45 192.20 Td (846,066) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 192.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 192.20 Td (835,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 178.20 Td (Retained earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.95 178.20 Td (1,275,377) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 178.20 Td (1,239,713) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.95 178.20 Td (1,253,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 164.45 Td (Accumulated other comprehensive \(loss\) income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.45 164.20 Td (\(4,448) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.00 164.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.95 164.20 Td (706) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 164.20 Td (\(9,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 164.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 150.20 Td (T) Tj ET Q q 0 0 0 rg BT 56.16 150.20 Td (reasury stock) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.45 150.20 Td (\(30,365) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.00 150.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.45 150.20 Td (\(23,641) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.00 150.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 150.20 Td (\(26,961) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 150.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 136.20 Td (T) Tj ET Q q 0 0 0 rg BT 55.50 136.20 Td (otal shareholders) Tj ET Q q 0 0 0 rg BT 126.21 136.20 Td ( equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 136.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.95 136.20 Td (2,076,265) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 136.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 136.20 Td (2,062,844) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 136.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.95 136.20 Td (2,051,608) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 122.20 Td (T) Tj ET Q q 0 0 0 rg BT 55.50 122.20 Td (otal liabilities and equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.00 122.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.95 122.20 Td (2,715,698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 122.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.95 122.20 Td (2,616,796) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 122.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.95 122.20 Td (2,632,570) Tj ET Q BT /F1 10.00 Tf ET BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 36.00 107.72 Td (\(i\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 40.62 103.90 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 103.90 Td ( Restated, see Note 17\(b\) of the Company's 2018 first quarter unaudited condensed consolidated interim financial statements.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 18.00 Tf ET q 0 0 0 rg BT 31.50 736.70 Td ( Consolidated Interim Statements of Net Earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.40 60.25 Td (9) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 699.5 m 423.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 699.5 m 486.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 699.5 m 513.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 699.5 m 576.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 685.5 m 396.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 685.5 m 423.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 685.5 m 486.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 685.5 m 513.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 685.5 m 576.5 685.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 643.5 m 396.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 643.5 m 423.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 643.5 m 486.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 643.5 m 513.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 643.5 m 576.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 615.5 m 396.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 615.5 m 423.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 615.5 m 486.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 615.5 m 513.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 615.5 m 576.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 573.5 m 396.5 573.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 573.5 m 423.5 573.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 573.5 m 486.5 573.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 573.5 m 513.5 573.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 573.5 m 576.5 573.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 545.5 m 396.5 545.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 545.5 m 423.5 545.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 545.5 m 486.5 545.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 545.5 m 513.5 545.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 545.5 m 576.5 545.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 517.5 m 396.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 517.5 m 423.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 517.5 m 486.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 517.5 m 513.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 517.5 m 576.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 517.5 m 396.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 503.5 m 396.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 517.5 m 423.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 503.5 m 423.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 517.5 m 486.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 503.5 m 486.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 517.5 m 513.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 503.5 m 513.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 517.5 m 576.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 503.5 m 576.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 447.5 m 396.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 447.5 m 423.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 447.5 m 513.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 447.5 m 576.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 447.5 m 423.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 447.5 m 486.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 447.5 m 513.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 447.5 m 576.5 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 405.5 m 396.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 405.5 m 423.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 405.5 m 486.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 405.5 m 513.5 405.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 405.5 m 576.5 405.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 701.15 Td (\(In thousands of Canadian dollars, except share amounts\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 689.90 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.20 703.90 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.95 689.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 689.90 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 661.90 Td (Sales) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 661.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 661.90 Td (817,509) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 661.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 661.90 Td (81) Tj ET Q q 0 0 0 rg BT 550.46 661.90 Td (1,185) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 647.90 Td (Cost of goods sold) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 647.90 Td (685,340) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 647.90 Td (677,489) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 633.90 Td (Gross margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 633.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 633.90 Td (132,169) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 633.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 633.90 Td (133,696) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 619.90 Td (Selling, general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 619.90 Td (86,182) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 619.90 Td (81,190) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 605.90 Td (Earnings before the following:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 605.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 605.90 Td (45,987) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 605.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 605.90 Td (52,506) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 591.90 Td (Restructuring and other related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.45 591.90 Td (\(2,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.00 591.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 591.90 Td (\(6,490) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 591.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 577.90 Td (Other income \(expense\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.45 577.90 Td (\(2,854) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.00 577.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 577.90 Td (\(2,704) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 577.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 563.90 Td (Earnings before interest and income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 563.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 563.90 Td (41,078) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 563.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 563.90 Td (43,312) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 549.90 Td (Interest expense and other financing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.45 549.90 Td (1,653) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 549.90 Td (1,227) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 535.90 Td (Earnings before income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 535.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 535.90 Td (39,425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 535.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 535.90 Td (42,085) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 521.90 Td (Income tax expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 521.90 Td (1) Tj ET Q q 0 0 0 rg BT 460.46 521.90 Td (1,507) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 521.90 Td (1) Tj ET Q q 0 0 0 rg BT 550.46 521.90 Td (1,980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 507.90 Td (Net earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 507.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 507.90 Td (27,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 507.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 507.90 Td (30,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 479.90 Td (Earnings per share:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 465.90 Td (Basic earnings per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 465.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.45 465.90 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 465.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.45 465.90 Td (0.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 451.90 Td (Diluted earnings per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 451.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.45 451.90 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.00 451.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.45 451.90 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 437.90 Td (W) Tj ET Q q 0 0 0 rg BT 47.33 437.90 Td (eighted average number of shares \(millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 423.90 Td (Basic) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.45 423.90 Td (126.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 423.90 Td (130.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 409.90 Td (Diluted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.45 409.90 Td (129.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 409.90 Td (134.3) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 18.00 Tf ET q 0 0 0 rg BT 36.00 736.70 Td (Consolidated Interim Statements of Other Comprehensive Income ) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 36.00 715.10 Td (\(Loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.85 60.25 Td (10) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 680.6 m 429.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 680.6 m 490.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 680.6 m 515.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 680.6 m 576.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 665.6 m 403.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 665.6 m 429.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 665.6 m 490.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 665.6 m 515.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 665.6 m 576.5 665.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 637.6 m 403.5 637.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 637.6 m 429.5 637.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 637.6 m 490.5 637.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 637.6 m 515.5 637.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.5 637.6 m 576.5 637.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 595.6 m 403.5 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 595.6 m 429.5 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 595.6 m 490.5 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 595.6 m 515.5 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.5 595.6 m 576.5 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 497.6 m 403.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 497.6 m 429.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 497.6 m 490.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 497.6 m 515.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.5 497.6 m 576.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 483.6 m 403.5 483.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 483.6 m 429.5 483.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 483.6 m 490.5 483.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 483.6 m 515.5 483.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.5 483.6 m 576.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 483.6 m 403.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 483.6 m 429.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 483.6 m 490.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 483.6 m 515.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 483.6 m 576.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 455.6 m 403.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 455.6 m 429.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 455.6 m 490.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 455.6 m 515.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 455.6 m 576.5 455.6 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 687.40 Td (\(In thousands of Canadian dollars\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 676.15 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.20 685.00 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.95 670.00 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 670.00 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 642.00 Td (Net earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 642.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 642.00 Td (27,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 642.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 642.00 Td (30,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 628.00 Td (Other comprehensive \(loss\) income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 614.00 Td (Actuarial gains \(losses\) that will not be reclassified to profit or loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 600.00 Td (\(Net of tax of $4.2 million; 2017: $1.0 million\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 600.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 600.00 Td (1) Tj ET Q q 0 0 0 rg BT 464.46 600.00 Td (1,775) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 600.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 600.00 Td (\(2,840) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 600.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 586.00 Td (Items that are or may be reclassified subsequently to profit or loss:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 572.00 Td (Change in accumulated foreign currency translation adjustment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 558.00 Td (\(Net of tax of $0.0 million; 2017: $0.0 million\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 558.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 558.00 Td (1) Tj ET Q q 0 0 0 rg BT 464.46 558.00 Td (1,829) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 558.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 558.00 Td (\(2,076) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 558.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 544.00 Td (Change in foreign exchange losses on long-term debt designated as a net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 530.00 Td (investment hedge \(Net of tax of $0.5 million; 2017: $0.0 million\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 530.00 Td (\(1,497) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 530.00 Td (\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 565.50 529.69 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 516.00 Td (Change in unrealized \(losses\) gains on cash flow hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 502.00 Td (\(Net of tax of $1.1 million; 2017: $0.4 million\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 502.00 Td (\(5,160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 502.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 502.00 Td (1,163) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 488.00 Td (T) Tj ET Q q 0 0 0 rg BT 43.50 488.00 Td (otal items that are or may be reclassified subsequently to profit or loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 488.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 488.00 Td (5,172) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 488.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 488.00 Td (\(913) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 488.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 474.00 Td (T) Tj ET Q q 0 0 0 rg BT 44.00 474.00 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 474.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 474.00 Td (16,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 474.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 474.00 Td (\(3,753) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 474.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 460.00 Td (Comprehensive income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 460.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 460.00 Td (44,865) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 460.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 460.00 Td (26,352) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 18.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Consolidated Interim Statements of Changes in ) Tj ET Q q 0 0 0 rg BT 417.88 737.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.88 737.10 Td (otal Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.60 60.25 Td (1) Tj ET Q q 0 0 0 rg BT 534.42 60.25 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 682.5 m 437.25 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 682.5 m 489.25 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 623.5 m 231.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 623.5 m 274.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 623.5 m 325.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 623.5 m 382.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 623.5 m 437.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 623.5 m 489.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 623.5 m 533.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 623.5 m 584.25 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 469.5 m 231.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 455.5 m 231.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 469.5 m 274.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 455.5 m 274.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 469.5 m 325.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 455.5 m 325.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 469.5 m 382.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 455.5 m 382.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 469.5 m 437.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 455.5 m 437.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 469.5 m 489.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 455.5 m 489.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 469.5 m 533.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 455.5 m 533.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 469.5 m 584.25 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 455.5 m 584.25 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 407.5 m 437.25 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 407.5 m 489.25 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 348.5 m 231.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 348.5 m 274.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 348.5 m 325.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 348.5 m 382.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 407.5 m 437.25 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 348.5 m 437.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 407.5 m 489.25 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 348.5 m 489.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 348.5 m 533.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 348.5 m 584.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 348.5 m 231.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 348.5 m 274.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 348.5 m 325.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 348.5 m 382.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 348.5 m 437.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 348.5 m 489.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 348.5 m 533.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 348.5 m 584.25 348.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 208.5 m 231.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31.25 194.5 m 231.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 208.5 m 274.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.25 194.5 m 274.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 208.5 m 325.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.25 194.5 m 325.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 208.5 m 382.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.25 194.5 m 382.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 208.5 m 437.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.25 194.5 m 437.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 208.5 m 489.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 194.5 m 489.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 208.5 m 533.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.25 194.5 m 533.25 194.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 208.5 m 584.25 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 533.25 194.5 m 584.25 194.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.00 706.73 Td (Accumulated other ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.75 696.73 Td (comprehensive income ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.25 686.73 Td (\(loss\)) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 443.59 690.54 Td (\(i\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 33.75 637.68 Td (\(InthousandsofCanadiandollars\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 33.75 627.68 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.50 637.73 Td (Share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.40 627.73 Td (capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.95 637.73 Td (Retained ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.40 627.73 Td (earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.40 637.73 Td (Contributed ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.85 627.73 Td (surplus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.40 657.73 Td (Foreign ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.95 647.73 Td (currency ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.85 637.73 Td (translation ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.05 627.73 Td (adjustment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.25 667.73 Td (Unrealized ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.40 657.73 Td (gains and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.80 647.73 Td (losses on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.25 637.73 Td (cash flow ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.70 627.73 Td (hedges) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.35 637.73 Td (T) Tj ET Q q 0 0 0 rg BT 500.80 637.73 Td (reasury ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.85 627.73 Td (stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 562.20 637.73 Td (T) Tj ET Q q 0 0 0 rg BT 566.49 637.73 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 557.15 627.73 Td (equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 33.75 613.73 Td (Balance as at December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.10 613.73 Td (835,154) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.45 613.78 Td (1,253,035) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 613.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.90 613.73 Td (\(1) Tj ET Q q 0 0 0 rg BT 414.01 613.73 Td (1,420) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.05 613.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 613.78 Td (1,800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 613.73 Td (\(26,961) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.05 613.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.75 613.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.45 613.78 Td (2,051,608) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 45.75 599.59 Td (Impact of new IFRS standards) Tj ET Q BT /F4 7.50 Tf ET BT /F4 4.87 Tf ET q 0 0 0 rg BT 146.63 603.17 Td (\(iii\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 599.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.30 599.73 Td (\(3,695) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.05 599.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 599.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 599.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 599.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.35 599.78 Td (\(3,695) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 581.05 599.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 585.73 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 585.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.55 585.78 Td (27,918) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 585.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 585.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 585.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 585.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 556.55 585.73 Td (27,918) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 571.73 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 172.02 575.54 Td (\(ii\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 571.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.55 571.78 Td (1) Tj ET Q q 0 0 0 rg BT 302.00 571.78 Td (1,775) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 571.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 571.78 Td (10,332) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.35 571.78 Td (\(5,160) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.05 571.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 571.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 556.55 571.73 Td (16,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 557.73 Td (Dividends declared \($0.13 per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 557.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.90 557.73 Td (\(16,475) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.05 557.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 557.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 557.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 557.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 557.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.90 557.73 Td (\(16,475) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 581.05 557.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 543.73 Td (Share-based compensation expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 543.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 543.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.00 543.78 Td (4,870) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 543.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 543.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 543.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 561.00 543.73 Td (4,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 529.73 Td (Deferred taxes on share-based compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 529.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 529.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.30 529.73 Td (\(1,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.05 529.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 529.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 529.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 529.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.35 529.78 Td (\(1,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 581.05 529.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 515.73 Td (Repurchase of shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.70 515.73 Td (333) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.00 515.78 Td (5,477) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.30 515.73 Td (\(3,370) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.05 515.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 515.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 515.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 515.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 561.00 515.73 Td (2,440) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 501.73 Td (Exercise of stock options ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.70 501.73 Td (214) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 501.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 501.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 501.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 501.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 501.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 567.70 501.78 Td (214) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 487.73 Td (Settlement of share-based compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 487.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.30 487.73 Td (\(2,658) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.05 487.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 487.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 487.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 487.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.00 487.78 Td (1,596) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.35 487.78 Td (\(1,062) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 581.05 487.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 473.73 Td (Shares purchased by RSU trust) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 473.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 473.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 473.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 473.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 473.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 473.78 Td (\(5,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.05 473.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.35 473.78 Td (\(5,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 581.05 473.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 33.75 459.73 Td (Balance as at March 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.10 459.73 Td (835,701) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.45 459.78 Td (1,275,377) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.00 459.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.30 459.73 Td (\(1,088) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.05 459.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.35 459.78 Td (\(3,360) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.05 459.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 459.73 Td (\(30,365) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.05 459.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.75 459.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.45 459.78 Td (2,076,265) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.85 431.73 Td (Accumulated other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.10 421.73 Td (comprehensive income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.15 411.73 Td (\(loss\)) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 442.70 415.54 Td (\(i\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 33.75 362.68 Td (\(InthousandsofCanadiandollars\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 33.75 352.68 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.40 362.73 Td (Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.60 352.73 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.70 362.73 Td (Retained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.05 352.73 Td (earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.35 362.73 Td (Contributed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.95 352.73 Td (surplus) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.60 382.73 Td (Foreign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.05 372.73 Td (currency ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.80 362.73 Td (translation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.60 352.73 Td (adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 392.73 Td (Unrealized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.05 382.73 Td (gains and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 372.73 Td (losses on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.40 362.73 Td (cash flow ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 352.73 Td (hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.45 362.73 Td (T) Tj ET Q q 0 0 0 rg BT 503.04 362.73 Td (reasury ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.05 352.73 Td (stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 563.85 362.73 Td (T) Tj ET Q q 0 0 0 rg BT 567.85 362.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.40 352.73 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 33.75 338.73 Td (Balance as at December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.10 338.73 Td (853,633) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.45 338.78 Td (1,247,737) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 338.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 338.78 Td (2,1) Tj ET Q q 0 0 0 rg BT 425.12 338.78 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.00 338.78 Td (\(497) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.05 338.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.90 338.73 Td (\(14,966) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.05 338.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.75 338.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.45 338.78 Td (2,088,023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 324.73 Td (Net earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 324.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.55 324.78 Td (30,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 324.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 324.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 324.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 324.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 556.55 324.73 Td (30,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 310.73 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 172.02 314.54 Td (\(ii\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 310.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.30 310.73 Td (\(2,840) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.05 310.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 310.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 310.73 Td (\(2,076) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.05 310.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 310.78 Td (1,163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 310.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.35 310.78 Td (\(3,753) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 581.05 310.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 296.73 Td (Dividends declared \($0.1) Tj ET Q q 0 0 0 rg BT 133.65 296.73 Td (1 per share\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 296.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.90 296.73 Td (\(14,325) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.05 296.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 296.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 296.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 296.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 296.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.90 296.73 Td (\(14,325) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 581.05 296.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 282.73 Td (Share-based compensation expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 282.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 282.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.00 282.78 Td (7,213) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 282.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 282.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 282.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 561.00 282.73 Td (7,213) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 268.73 Td (Deferred taxes on share-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 268.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 268.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.00 268.78 Td (2,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 268.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 268.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 268.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 561.00 268.73 Td (2,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 254.73 Td (Repurchase of shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.35 254.73 Td (\(9,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.05 254.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.90 254.73 Td (\(18,681) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.05 254.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.30 254.73 Td (\(9,963) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.05 254.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 254.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 254.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 254.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.90 254.73 Td (\(37,818) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 581.05 254.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 240.73 Td (Exercise of stock options ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.00 240.78 Td (1,607) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 240.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 240.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 240.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 240.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 240.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 561.00 240.73 Td (1,607) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 226.73 Td (Settlement of share-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 226.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.30 226.73 Td (\(2,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.05 226.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 226.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 226.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 226.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 226.78 Td (1,325) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 565.00 226.73 Td (\(958) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 581.05 226.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.75 212.73 Td (Shares purchased by RSU trust) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 212.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 212.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 212.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 212.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 212.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.90 212.73 Td (\(10,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.05 212.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.90 212.73 Td (\(10,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 581.05 212.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 33.75 198.73 Td (Balance at March 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.10 198.73 Td (846,066) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.45 198.78 Td (1,239,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 198.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.15 198.73 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.70 198.78 Td (666) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.90 198.73 Td (\(23,641) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.05 198.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.75 198.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.45 198.78 Td (2,062,844) Tj ET Q BT /F1 10.00 Tf ET BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 31.50 184.72 Td (\(i\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 36.12 180.90 Td ( ) Tj ET Q q 0 0 0 rg BT 49.50 180.90 Td (Items that are or may be subsequently reclassified to profit or loss. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.94 180.90 Td ( ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 31.50 170.62 Td (\(ii\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 37.27 166.80 Td ( ) Tj ET Q q 0 0 0 rg BT 49.50 166.80 Td (Included in other comprehensive income \(loss\) is the change in actuarial gains and losses that will not be reclassified to profit or loss and has been ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 157.20 Td (reclassified to retained earnings. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 166.90 157.20 Td ( ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 31.50 146.92 Td (\(iii\) ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 39.87 143.10 Td ( See Note 2\(b\) of the Company's 2018 first quarter unaudited condensed consolidated interim financial statements.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 18.00 Tf ET q 0 0 0 rg BT 36.00 738.30 Td (Consolidated Interim Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.85 60.25 Td (12) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 699.5 m 490.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 699.5 m 510.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 699.5 m 576.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 685.5 m 406.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 685.5 m 424.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 685.5 m 490.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 685.5 m 510.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 685.5 m 576.5 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 685.5 m 406.5 685.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 419.5 m 406.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 419.5 m 424.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 419.5 m 490.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 419.5 m 510.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 419.5 m 576.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 419.5 m 406.5 419.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 405.5 m 406.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 405.5 m 424.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 405.5 m 490.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 405.5 m 510.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 405.5 m 576.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 405.5 m 406.5 405.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 307.5 m 490.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 307.5 m 576.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 307.5 m 406.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 293.5 m 406.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 307.5 m 424.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 293.5 m 424.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 307.5 m 490.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 293.5 m 490.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 307.5 m 510.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 293.5 m 510.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 307.5 m 576.5 307.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 293.5 m 576.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 293.5 m 406.5 293.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 237.5 m 406.5 237.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 223.5 m 406.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 237.5 m 424.5 237.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 223.5 m 424.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 237.5 m 490.5 237.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 223.5 m 490.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 237.5 m 510.5 237.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 223.5 m 510.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 237.5 m 576.5 237.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 223.5 m 576.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 195.5 m 424.5 195.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424.5 195.5 m 490.5 195.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 195.5 m 510.5 195.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 195.5 m 576.5 195.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 36.5 195.5 m 406.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 181.5 m 406.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 181.5 m 424.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 181.5 m 490.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 181.5 m 510.5 181.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 195.5 m 576.5 195.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 181.5 m 576.5 181.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 701.15 Td (\(In thousands of Canadian dollars\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 39.00 689.90 Td (\(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.45 703.90 Td (Three months ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.95 689.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 689.90 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 675.90 Td (CASH PROVIDED BY) Tj ET Q q 0 0 0 rg BT 127.86 675.90 Td ( \(USED IN\):) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 661.90 Td (Operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 647.90 Td (Net earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 647.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 647.90 Td (27,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 647.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 647.90 Td (30,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 633.90 Td (Add \(deduct\) items not af) Tj ET Q q 0 0 0 rg BT 151.39 633.90 Td (fecting cash:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 619.90 Td (Change in fair value of biological assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 619.90 Td (7,097) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 619.90 Td (\(2,797) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 619.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 605.90 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 605.90 Td (29,884) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 605.90 Td (28,071) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 591.90 Td (Share-based compensation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 591.90 Td (4,870) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 591.90 Td (7,213) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 577.90 Td (Deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 577.90 Td (6,106) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 577.90 Td (10,478) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 563.90 Td (Income tax current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 563.90 Td (5,401) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 563.90 Td (1,502) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 549.90 Td (Interest expense and other financing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 549.90 Td (1,653) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 549.90 Td (1,227) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 535.90 Td (Loss on sale of long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 535.90 Td (385) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 557.95 535.90 Td (321) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 521.90 Td (Change in fair value of non-designated derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 521.90 Td (185) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 521.90 Td (8,183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 507.90 Td (Change in net pension liability) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 507.90 Td (1,705) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 507.90 Td (1,064) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 493.90 Td (Net income taxes paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 493.90 Td (\(2,468) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 493.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 493.90 Td (\(2,658) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 493.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 479.90 Td (Interest paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 479.90 Td (\(1,174) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 479.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 479.90 Td (\(818) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 479.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 465.90 Td (Change in provision for restructuring and other related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.95 465.90 Td (\(585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 465.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 465.90 Td (2,614) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 451.90 Td (Change in derivatives margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 451.90 Td (6,530) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.45 451.90 Td (\(2,430) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 451.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 437.90 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 437.90 Td (\(6,443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 437.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 437.90 Td (\(913) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 437.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 423.90 Td (Change in non-cash working capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 423.90 Td (\(49,009) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 423.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 423.90 Td (\(26,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 423.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 409.90 Td (Cash provided by operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 409.90 Td (32,055) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.45 409.90 Td (55,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 395.90 Td (Financing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 381.90 Td (Dividends paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 381.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 381.90 Td (\(16,475) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 381.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 381.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 381.90 Td (\(14,325) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 381.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 367.90 Td (Net increase \(decrease\) in long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 367.90 Td (49,337) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.95 367.90 Td (\(185) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 367.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 353.90 Td (Exercise of stock options) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 353.90 Td (214) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.45 353.90 Td (1,607) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 339.90 Td (Repurchase of shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 339.90 Td (\(22,090) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 339.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 339.90 Td (\(81,980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 339.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 325.90 Td (Payment of deferred financing fees) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 325.90 Td (\(29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 325.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.95 325.90 Td (\(64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 325.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 311.90 Td (Purchase of treasury stock) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 311.90 Td (\(5,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 311.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 311.90 Td (\(10,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 311.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 297.90 Td (Cash provided by \(used in\) financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 297.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 297.90 Td (5,957) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 297.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.45 297.90 Td (\(104,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 297.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 283.90 Td (Investing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 269.90 Td (Additions to long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 269.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 269.90 Td (\(35,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 269.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 269.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 269.90 Td (\(20,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 269.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 255.90 Td (Acquisition of business, net of cash acquired) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 255.90 Td (\(138,380) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 255.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.45 255.90 Td (\(189,917) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 255.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.00 241.90 Td (Proceeds from sale of long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 241.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.95 241.90 Td (86) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 227.90 Td (Cash used in investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 227.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 227.90 Td (\(173,740) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 227.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 227.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.45 227.90 Td (\(210,086) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 227.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 39.00 213.90 Td (Decrease in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 213.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 213.90 Td (\(135,728) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 213.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 213.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.45 213.90 Td (\(260,025) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 213.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 199.90 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 199.90 Td (203,425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 199.90 Td (403,621) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 185.90 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 185.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 185.90 Td (67,697) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 185.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.45 185.90 Td (143,596) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> /View <>>>>> endobj 28 0 obj <> /View <>>>>> endobj 29 0 obj <> endobj 30 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;