Selected Financial Information

In thousands of US dollars, except share data
For years ended December 31: 2020 2019 2018
Financial results:
Net sales $501,572 $328,126 $316,603
Profit attributable to owners of the Company 33,703 10,219 8,536
Adjusted Profit attributable to owners of the Company1 36,087 10,948 8,926
Earnings per share
– Basic 1.40 0.44 0.37
– Diluted 1.35 0.44 0.37
Adjusted earnings per share1
– Basic 1.50 0.47 0.38
– Diluted 1.45 0.47 0.38
EBITDA1 103,211 32,082 25,675
Adjusted EBITDA1 105,595 32,196 26,065
Net cash from operating activities 104,399 11,706 19,867
Free cash flow1 89,965 (7,775) 11,632
Dividends declared per share (CAD$) 0.28 0.28 0.28
Capital additions 15,606 26,700 8,476
As at: Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018
Financial Position:
Total assets $367,369 $249,664 $232,528
Term loan and other debt 90,734 74,144 62,956
Net debt1 (9,718) 59,481 44,859
Shareholders’ equity 194,588 125,979 121,483
Outstanding shares 26,908,802 23,392,442 23,392,442
Note (1): Non – IFRS Financial Measures: EBITDA, Adjusted EBITDA, Adjusted profit attributable to owners of the Company, Adjusted earnings per share, Free cash flow and Net debt are directly derived from the consolidated financial statements but do not have a standardized meaning prescribed by IFRS and are not necessarily comparable to similar measure presented by other issuers. The Company discloses these terms for use in financial measurements made by interested parties and investors to monitor the ability of the Company to generate cash from operations for debt service, to finance working capital and capital expenditures and to pay dividends. These terms are not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net income under IFRS. Reconciliations of profit to EBITDA and Adjusted EBITDA, Adjusted profit attributable to owners of the Company, and Adjusted earnings per share, cash provided by operations to Free cash flow and loans and borrowings to Net debt, are presented in the Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the year ended December 31, 2020, available in Financial Reports on this website.