TOTAL ADJUSTED EBITDDA

is a non-GAAP measure and is calculated as net income adjusted for interest expense, income taxes, depletion, depreciation and amortization, basis of real estate sold, non-operating pension and other post-retirement benefit costs, pension settlement charge, gains and losses on disposition of fixed assets, net gains and losses on fire damage, and other special items. 
Throughout this presentation, references to EBITDDA are intended to be Adjusted EBITDDA.

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ADJUSTED EBITDDA LEVERAGE

is a non-GAAP measure and is calculated as net debt divided by Total Adjusted EBITDDA.

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SEGMENTED ADJUSTED EBITDDA

is a non-GAAP measure and is calculated as segment operating income (loss) adjusted for depletion, depreciation and amortization, basis of real estate sold, gains and losses on disposition of fixed assets, non-cash impairments and other special items.

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CASH AVAILABLE FOR DISTRIBUTION (CAD)

is a non-GAAP measure and is calculated as cash from operations minus capital expenditures and timberland acquisitions not classified as strategic.

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NET DEBT TO ENTERPRISE VALUE

is a non-GAAP measure and is calculated as net debt divided by enterprise value. Net Debt is a non-GAAP measure and, is calculated as long-term debt (plus long-term debt due within a year), less cash and cash equivalents.

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SFI® 

is Sustainable Forestry Initiative.®

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FSC® 

is Forest Stewardship Council.®