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The following table reconciles EBITDA measures to IFRS measures reported in the consolidated income statements for the periods ended as indicated. 

EBITDA (earnings before net finance costs, taxes, depreciation and amortization, goodwill impairment loss, earnings in equity accounted investments, restructuring and other items) 

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Free Cash Flow from Operations – A measure indicating the relative amount of cash generated by the Company during the year and available to fund dividends, debt repayments and acquisitions. It is calculated as cash flow from operations less capital expenditures, net of proceeds from the sale of property, plant and equipment. 

The following table reconciles the free cash flow from operations measure to IFRS measures reported in the consolidated statements of cash flows for the periods ended as indicated. 

## Free Cash Flow from Operations 

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Interest Coverage – A measure indicating the relative amount of operating income earned by the Company compared to the amount of interest expense incurred by the Company. It is calculated as operating income (see definition below), including discontinued items, less corporate expense, divided by net interest expense on a 12-month rolling basis. 

The following table reconciles the interest coverage measure to IFRS measures reported in the consolidated statements of earnings for the periods ended as indicated. 

## Interest Coverage 

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Net Debt – A measure indicating the financial indebtedness of the Company assuming that all cash on hand is used to repay a portion of the outstanding debt. It is defined as current debt including cash advances, plus long-term debt, less cash and cash equivalents. 

