*High Growth is defined as high-single to double digit revenue CAGR, Strong Growth is defined as 5% plus revenue CAGR, and Market Growth is defined as revenue CAGR in line with the overall market.
1 Adjusted EPS and adjusted EPS CAGR are non-GAAP ratios that do not have standardized meanings prescribed by GAAP, and are therefore unlikely to be comparable to similar measures presented by other companies. See discussion under the headings "Non-GAAP Measures" and "Caution Regarding Forward Looking Information - Assumptions related to long term financial objectives" in TMX's 2024 Annual MD&A (which is incorporated by reference and available under our profile on SEDAR at www.sedarplus.ca) for information on the composition of adjusted EPS.
2 Dividend payout ratio is a non-GAAP ratio. See discussion under the heading "Non-GAAP Measures" in TMX's 2024 Annual MD&A.
3 Debt/Adjusted EBITDA is a non-GAAP ratio. See discussion under the heading "Non-GAAP Measures" in TMX's 2024 Annual MD&A.
4 Long term growth objectives exclude BOX
5 Revenue including acquisitions and divestitures in comparative period compound annual growth rate (CAGR)
Transformational Objectives:
I Recurring revenue streams include substantially all of Global Insights as well as sustaining fees, custody fees, transfer agency fees, and other access/subscription based revenues.
II Revenue based on the country to which customer invoices are addressed.
III Global Insights segment revenue as a percentage of total TMX revenue.