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- J.P. Morgan Global High Yield & Leveraged Finance Conference | YP Corporate Live
Back to News 29 février 2016 J.P. Morgan Global High Yield & Leveraged Finance Conference (en anglais seulement) Ajouter à mon agenda Retour aux événements Événements
- Investing in our Neighbourhood
Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. Each neighbourhood has its own unique character shaped by its well-established small businesses, as well as the people who live there. Together, they set the tone for our community – a great place to live, work and play. Investing in our Neighbourhoods Employee Gardens at Yellow Pages In May 2013, with the help of over two dozen Yellow Pages employees, our first ever vegetable gardens were built from the ground up, right on the front lawn of the Montreal head office. Home grown and locally sourced, the vegetable gardens offer employees the opportunity to grow and cultivate their own organic vegetables and give back to the community. In line with our commitment to support our local communities, we decided to donate half of our crops to the Reseau d’entraide de Verdun, a local community organization that helps impoverished families. After tending to their gardens, the employee-gardeners would come together each week to harvest their crops and pack it up to be sent off to the local organization. Since we started our garden we’ve donated over 130 pounds of vegetables to the Reseau d’entraide de Verdun and it has helped provide numerous families with nutritious food. With a successful harvesting season behind us, this year we decided to scale up the project by adding another 5 lots to our current garden. More than ever, the employees look forward to benefitting from their home grown produce and supporting an organization that has been at the heart of our neighbourhood for many years. Urban Duathlon On May 28th, close to 400 members of the business, media and sports communities gathered at Montreal’s Dorchester Square to take part in this fun and friendly BIXI bike/foot race – dressed up in costumes, much to the amusement of their work colleagues and members of the public who came out to cheer them on. Our Yellow Pages team, decked out in their yellow gear and costumes, proudly participated in the Urban Duathlon and along with the other racers helped to raise a total of $360,000 for the CHU Saint-Justine Foundation. Tour CIBC Charles-Bruneau On July 7 and 8, 2016, a Yellow Pages cycling team will make the 300-km journey from Gatineau to Boucherville—by bike—in the Trek for Solidarity, as part of the 21st edition of the Tour CIBC Charles-Bruneau. This cycling challenge raises funds to help children with cancer via the Fondation Centre de cancérologie Charles-Bruneau. By participating in the Tour CIBC Charles-Bruneau, the Yellow Pages team will contribute directly to the possibility of a healthy future for the 2,000 children who battle cancer every year in Quebec. Last year, the Tour raised $3.2 million. The Fondation is proud to now be established at the four university health centres (CHUs) that provide care to pediatric oncology patients in Quebec, namely the Centre de cancérologie Charles-Bruneau at the CHU Sainte-Justine, the CHU de Québec, the CHU de Sherbrooke and the Montreal Children’s Hospital. United Way Centraide United Way Centraide fights poverty and social exclusion by acting on the factors that are most likely to bring about lasting and significant change in people’s lives. It is very clear that elements of their mission are aligned to Yellow Pages’ goals and values of helping local communities. Therefore, we felt like there was a perfect fit for us to partner with them and launch our 2015 Fundraising Campaign Benefitting Centraide. By contributing to United Way/Centraide, Yellow Pages helps : Raising funds and investing locally to break the cycle of poverty and social exclusion. Supporting a network of dynamic agencies and projects that bring people and communities together. Investing according to the needs of the communities in each territory with the goal of improving quality of life. Yellow Pages and its employees are proud to take part in the 2015 Fundraising Campaign Benefitting United Way/Centraide to change lives for life and support a vast network of agencies that contribute to youth success, take care of the essentials for families, break social isolation and build caring communities. Yellow Pages presents MTL Ensemble It starts with an idea. With passion, dedication and hard work, these ideas fuel start-ups around the world that push the boundaries of innovation and technology. Yellow Pages is a proud sponsor of MTL Ensemble, an event that brings together top entrepreneurial speakers and the regional edition of the 1776 Challenge Cup. Learn more The Sandbox Project Each year, The Sandbox Project, a non-profit organization that aims to assemble those committed to bettering the lives of Canada’s youngest citizens, hosts the World’s Largest Sandbox event. In support of this cause, our Yellow Pages team along with Members of Parliament, Senators, Cabinet Ministers, not-for-profit organizations, industry professionals and local children participated in a sandcastle building competition on Sparks Street Mall, with the goal of raising awareness of the importance of collaboration towards improving child and youth health in Canada. In addition to participating in the sand castle activities, we hosted a Yellow Pages photo booth for a jam-packed day of fun! Up against some fierce competition we brought our A-game and won 1st prize in the competition. Canada Olympic Excellence Day Every sport has its athletes, every athlete has their neighbourhood. The fields where they played soccer, the community rink where they learned to skate. Yellow Pages is proud to sponsor Canada Olympic Excellence Day, a celebration of our Olympic athletes and the passion that begins at home. Learn more Young Associates of Opéra de Montréal Yellow Pages is proud to support the Young Associates of Opéra de Montréal as an Alto Partner for the Night at the Opera. The dedication of our next generation of businesspeople is vital to the sustainability of cultural pillars of our cities and neighbourhoods. We're happy to encourage our culture and champion the great work of local institutions, such as the Opéra de Montréal, that forge the identity of our communities. Daffodil Day Each year, Yellow Pages proudly joins the fight against cancer by participating in the Canadian Cancer Society’s Daffodil Day. With the help of our employee-ambassadors across the country, fresh cut daffodils are sold in our Montreal, Toronto, Calgary and Burnaby offices. We also give employees the opportunity to donate at designated stations throughout the offices. The funds we raise help the Canadian Cancer Society prevent cancer, fund research to outsmart cancer, empower, inform and support Canadians living with cancer and advocate for public policies to improve the health of Canadians. Delson Minor Hockey League Sponsorship At the heart of the community are people who live in it. This year, we sponsored the minor Hockey League Association of Delson, a small neighbourhood team in Quebec. We created custom hockey pucks for the team; each one had a design that invited Canadians to discover their neighbourhood’s hidden gems with our YP app. We also sponsored their year-end award ceremony – a time when the players and their families join together celebrate the year’s accomplishments. Yellow Pages Team Giving Back In 2016, The Sales Team in Quebec raised over $2,500 to make Christmas baskets for families in need. Each year, in our head offices across the country, the Yellow Pages team collects non-perishable items to offer to their local food bank during the Holiday season.
- Release of Q3 2017 Financial and Operational Results | YP Corporate Live
Back to News 7 novembre 2017 Résultats financiers et opérationnels du 3e trimestre de 2017 Ajouter à mon agenda Rapport de gestion (169,8 Kio) États financiers (101,8 Kio) Complément d'information (en anglais) (5,6 Mio) Webdiffusion de la conférence téléphonique (en anglais) Retour aux événements Événements
- Pierre-Marc Laflèche | YP Corporate Live
Vice-présidente, Acquisition et Service à la clientèle Pierre-Marc Laflèche Retour Pierre-Marc Laflèche Vice-présidente, Acquisition et Service à la clientèle Fort de plus de 20 ans d’expérience en gestion des ventes, des opérations et de la transformation organisationnelle, Pierre-Marc occupe le poste de Vice-président, Acquisition et Service à la clientèle. Il se distingue par sa vision stratégique, sa capacité à mobiliser les équipes et par des résultats tangibles en matière de croissance des revenus, d’optimisation des coûts et d’amélioration de la rentabilité. Avant de se joindre à notre organisation en 2019, il a occupé plusieurs postes de direction chez Vidéotron, la Corporation Sun Media/Québecor et Vidéotron Marché Affaires, où il a dirigé des équipes de vente, piloté d'importants projets de transformation et redéfini l’expérience client. Pierre-Marc est diplômé en administration et marketing de HEC Montréal. Il est reconnu pour son leadership mobilisateur, sa connaissance approfondie du marché affaires et sa capacité à transformer une vision stratégique en résultats concrets.
- Relations Publiques: Le nouveau rôle de la profession en entreprise (in French only) | YP Corporate Live
Back to Events Relations Publiques: Le nouveau rôle de la profession en entreprise (in French only) Add to my Calendar Back to Events Events
- Analysts
Analysts Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. National Bank Financial Adam Shine 514-879-2302 adam.shine@nbc.ca The activities of Yellow Pages Limited are covered by analysts who are listed above. Please note that any opinions, estimates or forecasts regarding Yellow Pages Limited's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Yellow Pages Limited or its management. The publication by Yellow Pages Limited of these names does not by its reference above or distribution, imply any endorsement of or concurrence with such information, conclusions or recommendations. Analysts
- Mission & Strategy - Financial Investors - Yellow Pages Canada
Mission & Strategy to Yellow Pages Financial investors. Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. Our Mission Yellow Pages empowers Canadian businesses to grow through innovative marketing solutions that drive visibility, engagement, and measurable results. Our customer-first approach and technology-driven solutions help businesses succeed and connect meaningfully with consumers in an ever-evolving world. Our Strategy Yellow Pages (YP) business is focused on providing digital products and solutions to Canada’s local businesses and to the global brands that serve local Canadian markets. The Company’s updated corporate strategy aims to evolve its customer offering and capabilities in tandem with a changing digital market. The Company will focus on implementing a growth-oriented corporate strategy with five key initiatives: Reshape the customer value proposition Implement new ways of selling Redefine and improve the customer journey Build the future state of the business Key Initiatives Reshape the customer value proposition The goal of the new customer value proposition is to acquire, retain and strengthen our customer relationships. The Company will reshape its customer value proposition based on first-hand research conducted and input solicited from Canadian small and medium-sized enterprises (SME). The Company will structure its subsequent offering to directly address their critical needs in digital marketing. YP’s core offer will no longer be product-centric, but rather provide content-centric solutions for SMEs. Due to fragmentation of the digital market, SMEs require synchronized content across more platforms to reach customers. The starting point is a basic business profile, including company name, expertise, address and contact information. From there, the SME can expand its business profile by adding more engaging content – description of services, hours of operation, photos, etc. YP will act as the SME’s content hub and then will syndicate that content across other large digital ecosystems (i.e. Facebook, Google, Apple). The offering will blend Owned and Operated products and digital services into a staircase of offerings with varying service levels (basic, plus, premium). The entry point will consist of a simple, affordable, content-driven solution to establish, amplify and manage an SME’s business identity online. Once this is in place, an SME will then unlock a range of scalable marketing solutions to boost their visibility and manage their reputation in social media, an arena where SMEs clearly identify a critical need for assistance. Many digital services and certain digital products, as well as print, will now only be available as add-ons to the main customer offering, creating upsell and upgrade incentives. By offering blended, tiered solutions, profitability will be more stable and sustainable. Implement new ways of selling While YP has successfully shifted skillsets and knowledge base of its sales teams over the last three years to meet the needs of a digital environment, the Company must now review the structure of its salesforce. This currently remains aligned with legacy structures. YP requires greater flexibility to capture growth opportunities across customer segments, cost efficiencies and increase competitiveness. Additionally, the Company will place greater emphasis on acquiring and retaining high spend, high potential customers. Redefine and improve the customer journey As expectations of a digital customer are for simple and seamless interactions, this is the customer journey and experience YP will strive to create. The Company will align its tiered offering with five customer segments, divided by spend potential and critical marketing needs. Varying service models, product portfolios and touchpoints will be implemented for each customer segment, all with the goal of eliminating digital complexity and creating the customer experience that meets their critical needs. For low spend potential customers, YP will develop and implement an automation/self-serve model to offer greater flexibility for customers and allow the Company to place resources on high-spend, high-potential customers. Build the future state of the business In the near term, YP will expand its customer offering to include services that facilitate commercial transactions to businesses. The Company will look to integrate transaction-oriented solutions across its customer base addressing needs such as appointment scheduling and payment, making these services easily accessible and affordable to SMEs in Canada. Our Mission Stay Connected Sign up to automatically receive email alerts from Yellow Pages Limited Sign Up Thank you for subscribing to Yellow Pages' distribution list. An activation email will be sent to you shortly. You may unsubscribe from our email alerts at any time. Please refer to our privacy policy or contact us for more details.
- Q2 2014 Financial and Operational Results | YP Corporate Live
Back to News 6 août 2014 Résultats financiers et opérationnels du 2e trimestre de 2014 Ajouter à mon agenda Rapport de gestion (236,0 Kio) États financiers (156,2 Kio) Complément d'information (en anglais) (686,5 Kio) Fiche d'information (3,3 Mio) Webdiffusion de la conférence téléphonique (en anglais) Retour aux événements Événements
- Panel/Roundtable: MDM Roundtable | YP Corporate Live
Back to News 21 octobre 2014 Panel/Roundtable: MDM Roundtable (en anglais seulement) Ajouter à mon agenda Retour aux événements Événements
- Yellow Pages Limited Announces Appointment of Treena Cooper to Board of Directors | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), December 29, 2023 — Yellow Pages Limited (TSX:Y) ("Yellow Pages" or the "Company"), a leading Canadian digital media and marketing company, is pleased to announce the appointment of Treena Cooper to its board of directors (the "Board"), effective January 1, 2024. Ms. Cooper brings a wealth of experience to the Board. She has over 20 years of legal experience, with expertise in the areas of corporate and commercial law, mergers and acquisitions, corporate governance, intellectual property, and labour and employment law. Ms. Cooper currently serves as Vice-President, Legal and General Counsel at IPEX and has held this role since 2023. Prior to joining IPEX, Ms. Cooper held progressively senior positions at Yellow Pages between 2008 and 2023, including her most recent role as Senior Vice-President, General Counsel and Secretary. Treena holds an LLB from the University of Ottawa and was called to the Bar in 2001 and 2004 in Ontario and Quebec, respectively. Treena replaces Paul W. Russo, who is stepping off the Board effective December 31, 2023. The Board and management of the Company would like to thank Mr. Russo for his crucial contributions to the Company. About Yellow Pages Limited Yellow Pages Limited (TSX:Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada's leading local online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Investors & Media: Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca Yellow Pages Limited Announces Appointment of Treena Cooper to Board of Directors Back to News Print Print
- Yellow Pages Limited Reports First Quarter 2024 Financial and Operating Results and Declares a Cash Dividend1 | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), May 9, 2024 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, released its operating and financial results today for the quarter ended March 31, 2024. “In the first quarter, we resumed our march toward revenue stability and, as usual, we delivered good profitability and a healthy cash balance, all despite continued headwinds in the global economy and, particularly, the Canadian small business sector,” said David A. Eckert, President and CEO of Yellow Pages Limited. Eckert commented on the key developments: Resumption of climb toward revenue stability. “As expected, we resumed our climb toward revenue stability during the first quarter of 2024, as our rate of change in revenue was better than the change reported for the fourth quarter of 2023.” Strong earnings. “Our Adjusted EBITDA2 for the quarter was 27.8% of revenue, even with our continued investments in revenue initiatives, including the steady further expansion of our sales force.” Healthy cash balance. “Even after certain regular, seasonal cash disbursements during the quarter, cash on hand stood at approximately $27 million at the end of April.” Progress on revenue initiatives. “Although we continue to deal with the challenges of the current Canadian economic conditions, we are pleased with our progress on underlying metrics, including the size of our sales force, our rate of customer churn, and our rate of gaining new accounts. In particular, our rate of gaining new accounts was 20% higher than in the previous year. We believe these fundamentals bode well for our medium- and long-term future.” Pension plan funding on track. “Consistent with our deficit-reduction plan announced in May 2021, in the first quarter of 2024 we made $1.5 million of voluntary incremental payments toward our Defined Benefit Pension Plan’s wind-up deficit.” Quarterly dividend declared . “Our Board has declared a dividend of $0.25 per common share, to be paid on June 17, 2024 to shareholders of record as of May 28, 2024.” Financial Highlights (In thousands of Canadian dollars, except percentage information and per share information) (1) The dividend will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends. (2) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. First Quarter of 2024 Results • Total Revenues decreased 12.3% year-over-year and amounted to $55.0 million for the three-month period ended March 31, 2024, an improvement from the decrease of 13.4% reported last quarter. • Adjusted EBITDA less CAPEX1 totalled $14.3 million and the EBITDA less CAPEX margin1 was 26.0%. • Net income amounted to $8.4 million, or to $0.61 diluted income per share. Financial Results for the First Quarter of 2024 Total revenues for the first quarter ended March 31, 2024 decreased by 12.3% to $55.0 million, as compared to $62.7 million for the same period last year. The decrease in revenues is mainly due to the decline of our higher margin digital media and print products and to a lesser extent to our lower margin digital services products, thereby creating pressure on our gross profit margins. Total digital revenues decreased 11.9% year-over-year and amounted to $43.7 million for the three-month period ended March 31, 2024, as compared to $49.6 million for the same period last year. The revenue decline for the period ended March 31, 2024, was mainly attributable to a decrease in digital customers and to a lesser extent, a decrease in spend per customer. Total print revenues decreased 13.9% year-over-year and amounted to $11.3 million for three-month period ended March 31, 2024. The revenue decline is mainly attributable to the decrease in the number of print customers while the spend per customer has improved year-over-year driven by price increases. The decline rate of revenues increased year-over-year. The higher decline rate is attributable, in part, to (a) the headwinds in the global economy, whereby, customer renewal rates decreased slightly but remained strong while average spend per customer slowed as customers look to optimize their spend and (b) customer claim rates remaining stable in the first quarter of 2024, while the first quarter of 2023 benefited from a substantial improvement. These factors were partially offset by an increase in the number of new accounts and increases in pricing. Adjusted EBITDA1 decreased to $15.3 million or 27.8% of revenues in the first quarter ended March 31, 2024, relative to $20.8 million or 33.1% of revenues for the same period last year. The decrease in Adjusted EBITDA for the first quarter of 2024 is the result of revenue pressures, partially offset by optimizations in cost of sales and reductions in other operating costs including reductions in our workforce and associated employee expenses. Revenue pressures partially offset by continued optimizations, will continue to cause some pressure on margins in upcoming quarters. Adjusted EBITDA less CAPEX decreased by $5.5 million or 27.8% to $14.3 million during the first quarter of 2024, compared to $19.8 million during the same period last year. The decrease in Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin is driven by the decrease in Adjusted EBITDA, while the CAPEX spend was stable year over year. Net income for the three-month period ended March 31, 2024 amounted to $8.4 million as compared to net income of $12.4 million for the same period last year due to lower Adjusted EBITDA. Cash flows from operating activities decreased by $4.3 million to $5.5 million for the three-month period ended March 31, 2024 from $9.8 million for the same period last year. The decrease is mainly due to lower Adjusted EBITDA of $5.5 million, partially offset by the decrease in stock-based compensation cash settlements of $0.5 million and lower income taxes paid of $0.5 million. As at March 31, 2024, the Company had $23.7 million of cash. (1) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX, Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. Conference Call & Webcast Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on May 9, 2024 to discuss first quarter 2024 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, Passcode 6613383#. Please be prepared to join the conference at least 5 minutes prior to the conference start time. The call will be simultaneously webcast on the Company’s website at: https://corporate.yp.ca/en/investors/financial-reports . The conference call will be archived in the Investors section of the site at: https://corporate.yp.ca/en/investors/financial-events-presentations . About Yellow Pages Limited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains forward-looking statements about the objectives, strategies, financial conditions and results of operations and businesses of YP (including, without limitation, payment of a cash dividend per share per quarter to its common shareholders and completion of the plan of arrangement). These statements are forward-looking as they are based on our current expectations, as at May 8, 2024, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our May 8, 2024 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contact: Investors & Media Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca communications@yp.ca Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin In order to provide a better understanding of the results, the Company uses the terms Adjusted EBITDA and Adjusted EBITDA margin. Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA margin is defined as the percentage of Adjusted EBITDA to revenues. Adjusted EBITDA and Adjusted EBITDA margin are not performance measures defined under IFRS and are not considered an alternative to income from operations or net income in the context of measuring Yellow Pages performance. Adjusted EBITDA and Adjusted EBITDA margin do not have a standardized meaning under IFRS and are therefore not likely to be comparable to similar measures used by other publicly traded companies. Adjusted EBITDA and Adjusted EBITDA margin should not be used as exclusive measures of cash flow since they do not account for the impact of working capital changes, income taxes, interest payments, pension funding, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed on page 10 of our May 8, 2024 MD&A. Management uses Adjusted EBITDA and Adjusted EBITDA margin to evaluate the performance of its business as it reflects its ongoing profitability. Management believes that certain investors and analysts use Adjusted EBITDA and Adjusted EBITDA margin to measure a company’s ability to service debt and to meet other payment obligations or as common measurement to value companies in the media and marketing solutions industry as well as to evaluate the performance of a business. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin The Company also uses Adjusted EBITDA less CAPEX, which is defined as Adjusted EBITDA, as defined above, less CAPEX which we define as additions to intangible assets and additions to property and equipment as reported in the Investing Activities section of the Company’s consolidated statements of cash flows. Adjusted EBITDA less CAPEX margin is defined as the percentage of Adjusted EBITDA less CAPEX to revenues. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS. Therefore, are unlikely to be comparable to similar measures presented by other publicly traded companies. We use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of our business as it reflects cash generated from business activities. We believe that certain investors and analysts use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of businesses in our industry. The most comparable IFRS financial measure to Adjusted EBITDA less CAPEX is Income from operations before depreciation and amortization and restructuring and other charges (defined above as Adjusted EBITDA) as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Refer to page 7 of the May 8, 2024 MD&A for a reconciliation of Adjusted EBITDA less CAPEX. Yellow Pages Limited Reports First Quarter 2024 Financial and Operating Results and Declares a Cash Dividend1 Back to News Print Print
- Yellow Pages Limited Completes Arrangement | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), October 5, 2022 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, today announced completion of the Company’s previously announced arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”). The Arrangement became effective at 11:59 p.m. (Eastern time) on October 4, 2022. Under the Arrangement, the Company repurchased from Shareholders pro rata an aggregate of 7,949,125 common shares at a purchase price of $12.58 per share and also advanced $6 million as part of the previously announced voluntary incremental cash contributions to the Company’s defined benefit pension plan (the “Pension Plan”). Pursuant to the Arrangement, the Company will also advance to the Pension Plan an additional $18 million prior to December 31, 2022, bringing total 2022 cash payments to the Pension Plan’s wind-up deficit to $30 million by the end of the year. The Company has delivered to TSX Trust Company, as paying agent, sufficient funds to satisfy the aggregate consideration payable to the Shareholders under the Arrangement. It is anticipated that Shareholders will receive payment for their repurchased shares on October 7, 2022. Additional information regarding the terms of the Arrangement is set out in the Company’s management proxy circular dated August 26, 2022, which is available under the Company’s profile at www.sedar.com and on the Company’s website at www.corporate.yp.ca . About Yellow Pages Limited Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements, including the timing of receipt of payment by shareholders for their repurchased shares are forward-looking as they are based on our current expectations, as at October 5, 2022. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contacts: Investors Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca Media Treena Cooper Senior Vice President, Secretary and General Counsel communications@yp.ca Yellow Pages Limited Completes Arrangement Back to News Print Print

