EX-99.2 4 a2127556zex-99_2.htm EXHIBIT 99.2

Exhibit 99.2

GRAPHIC

Celestica Inc.
Supplemental Information
(in millions of US dollars, except per share amounts)
(unaudited)

 
  Q1 2002
  Q2 2002
  Q3 2002
  Q4 2002
  Q1 2003
  Q2 2003
  Q3 2003
  Q4 2003
  FY 2001
  FY 2002
  FY 2003
 
Revenue   $ 2,151.5   $ 2,249.2   $ 1,958.9   $ 1,911.9   $ 1,587.4   $ 1,598.4   $ 1,634.8   $ 1,914.8   $ 10,004.4   $ 8,271.6   $ 6,735.3  

GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Net earnings (loss)     39.7     40.4     (90.6 )   (434.7 )   3.4     (39.6 )   (64.8 )   (164.8 )   (39.8 )   (445.2 )   (265.8 )
Gain on repurchase of convertible debt (GAAP only)             4.0     4.3     5.7     4.2     5.5     0.7         8.3     16.1  
Convertible debt accretion, net of tax     (4.2 )   (4.4 )   (4.6 )   (4.3 )   (4.0 )   (3.5 )   (4.4 )   (3.6 )   (15.0 )   (17.5 )   (15.5 )
   
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) available to shareholders — basic     35.5     36.0     (91.2 )   (434.7 )   5.1     (38.9 )   (63.7 )   (167.7 )   (54.8 )   (454.4 )   (265.2 )
Earnings (loss) per share — basic   $ 0.15   $ 0.16   $ (0.40 ) $ (1.90 ) $ 0.02   $ (0.18 ) $ (0.30 ) $ (0.80 ) $ (0.26 ) $ (1.98 ) $ (1.22 )
   
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per share — diluted (1)   $ 0.15   $ 0.15   $ (0.40 ) $ (1.90 ) $ 0.02   $ (0.18 ) $ (0.30 ) $ (0.80 ) $ (0.26 ) $ (1.98 ) $ (1.22 )
   
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of shares (in millions) outstanding                                                                    
  — basic     229.8     230.2     230.1     229.0     227.0     218.0     211.8     209.3     213.9     229.8     216.5  
  — diluted (1)     236.8     236.0     230.1     229.0     230.2     218.0     211.8     209.3     213.9     229.8     216.5  
Actual number of shares (in millions) outstanding — basic     230.1     230.3     229.4     228.6     222.3     213.3     209.6     208.9     229.7     228.6     208.9  
   
 
 
 
 
 
 
 
 
 
 
 
Adjusted net earnings                                                                    
Net earnings (loss)   $ 39.7   $ 40.4   $ (90.6 ) $ (434.7 ) $ 3.4   $ (39.6 ) $ (64.8 ) $ (164.8 ) $ (39.8 ) $ (445.2 ) $ (265.8 )
Adjustments:                                                                    
Option Expense                                 0.3             0.3  
Amortization of intangible assets     22.0     21.7     29.0     23.2     12.4     12.1     12.0     12.0     125.0     95.9     48.5  
Integration costs related to acquisitions     3.9     10.2     3.0     4.0                     22.8     21.1      
Other charges             136.4     541.4     (1.6 )   21.6     49.1     106.3     273.1     677.8     175.4  
Income tax effect of above     (2.2 )   (2.9 )   (26.9 )   (95.3 )   (1.4 )   (6.2 )   (0.1 )   42.0     (60.5 )   (127.3 )   34.3  
   
 
 
 
 
 
 
 
 
 
 
 
Adjusted net earnings (loss)   $ 63.4   $ 69.4   $ 50.9   $ 38.6   $ 12.8   $ (12.1 ) $ (3.8 ) $ (4.2 )   320.6     222.3     (7.3 )
   
 
 
 
 
 
 
 
 
 
 
 
    As a percentage of revenue     2.9%     3.1%     2.6%     2.0%     0.8%     -0.8%     -0.2%     -0.2%     3.2%     2.7%     -0.1%  
Adjusted net earnings (loss) for EPS calculation     63.4     69.4     50.9     38.6     12.8     (12.1 )   (3.8 )   (4.2 )   320.6     222.3     (7.3 )
Convertible debt accretion, net of tax     (4.2 )   (4.4 )   (4.6 )   (4.3 )   (4.0 )   (3.5 )   (4.4 )   (3.6 )   (15.0 )   (17.5 )   (15.5 )
   
 
 
 
 
 
 
 
 
 
 
 
Adjusted net earnings (loss) available to shareholders — basic     59.2     65.0     46.3     34.3     8.8     (15.6 )   (8.2 )   (7.8 )   305.6     204.8     (22.8 )
Adjusted net earnings (loss) per share — basic   $ 0.26   $ 0.28   $ 0.20   $ 0.15   $ 0.04   $ (0.07 ) $ (0.04 ) $ (0.04 ) $ 1.43   $ 0.89   $ (0.11 )
   
 
 
 
 
 
 
 
 
 
 
 
Adjusted net earnings (loss) per share — diluted (2)   $ 0.26   $ 0.28   $ 0.20   $ 0.15   $ 0.04   $ (0.07 ) $ (0.04 ) $ (0.04 ) $ 1.38   $ 0.87   $ (0.11 )
   
 
 
 
 
 
 
 
 
 
 
 
EBITDA                                                                    
Net earnings (loss)   $ 39.7   $ 40.4   $ (90.6 ) $ (434.7 ) $ 3.4   $ (39.6 ) $ (64.8 ) $ (164.8 ) $ (39.8 ) $ (445.2 ) $ (265.8 )
Income taxes     8.1     8.3     (18.6 )   (89.0 )   0.7     (8.1 )   (0.7 )   41.3     (2.1 )   (91.2 )   33.1  
   
 
 
 
 
 
 
 
 
 
 
 
EBT     47.8     48.7     (109.2 )   (523.7 )   4.1     (47.7 )   (65.5 )   (123.5 )   (41.9 )   (536.4 )   (232.7 )
Integration costs related to acquisitions     3.9     10.2     3.0     4.0                     22.8     21.1      
Other charges             136.4     541.4     (1.6 )   21.6     49.1     106.3     273.1     677.8     175.4  
   
 
 
 
 
 
 
 
 
 
 
 
EBT     51.7     58.9     30.2     21.7     2.5     (26.1 )   (16.4 )   (17.2 )   254.0     162.5     (57.3 )
Interest expense (income), net     1.7     1.4     (1.1 )   (3.1 )   (3.4 )   (1.5 )   (0.3 )   1.1     (7.9 )   (1.1 )   (4.0 )
   
 
 
 
 
 
 
 
 
 
 
 
EBIT     53.4     60.3     29.1     18.6     (0.9 )   (27.6 )   (16.7 )   (16.1 )   246.1     161.4     (61.3 )
Amortization of intangible assets     22.0     21.7     29.0     23.2     12.4     12.1     12.0     12.0     125.0     95.9     48.5  
   
 
 
 
 
 
 
 
 
 
 
 
EBIAT     75.4     82.0     58.1     41.8     11.5     (15.5 )   (4.7 )   (4.1 )   371.1     257.3     (12.8 )
      3.5%     3.6%     3.0%     2.2%     0.7%     -1.0%     -0.3%     -0.2%     3.7%     3.1%     -0.2%  
   
 
 
 
 
 
 
 
 
 
 
 
EBITDA   $ 131.3   $ 137.2   $ 111.2   $ 90.0   $ 54.8   $ 28.3   $ 37.4   $ 38.1   $ 563.8   $ 469.7   $ 158.6  
   
 
 
 
 
 
 
 
 
 
 
 
      6.1%     6.1%     5.7%     4.7%     3.5%     1.8%     2.3%     2.0%     5.6%     5.7%     2.4%  
   
 
 
 
 
 
 
 
 
 
 
 

(1)
FY 2001; 2002-Q3, Q4, and FY; 2003 — Q2, Q3, Q4 and FY03, excludes options and convertible debt as they are anti-dilutive due to the losses. 2002-Q1, Q2; 2003-Q1, excludes convertible debt as it is anti-dilutive.
Convertible debt accretion must be deducted from net earnings to calculate diluted EPS, when the convertible debt is anti-dilutive.

(2)
Adjusted net earnings per share — diluted:
FY 2001, the diluted weighted average shares (in millions) for "Adjusted net earnings" is 232.9. For Q1 2002, the diluted weighted average shares for "Adjusted net earnings" is 247.1 million.

For Q2, Q3, Q4, FY02 and Q1 03, the diluted weighted average shares (in millions) for "Adjusted net earnings" is 236.0, 234.9, 232.8, 236.2 and 230.2, respectively, and excludes convertible debt as it is anti-dilutive.
Q2, Q3, Q4 and FY03, excludes options and convertible debt as they are anti-dilutive due to the losses.
Convertible debt accretion must be deducted from net earnings to calculate diluted EPS, when the convertible debt is anti-dilutive.