{ "docId": "019de518-6c13-7688-9e04-f869216d1137", "docSlug": "a19ba31f63ec03ccbe6c4b190ef2b206", "documentTitle": "GlobalFoundries | Results Presentation Deck | 22 slides", "authorId": "globalfoundries", "authorName": "GlobalFoundries", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 21, "pageCount": 22, "prevPage": 20, "nextPage": 22, "slideType": "disclaimer", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-6c13-7688-9e04-f869216d1137/21", "deckHref": "/decks/019de518-6c13-7688-9e04-f869216d1137", "deckJsonHref": "/decks/019de518-6c13-7688-9e04-f869216d1137.json", "deckAnchorHref": "/decks/019de518-6c13-7688-9e04-f869216d1137#slide-21", "components": [ { "bbox": { "h": 0.01, "w": 0.017, "x": 0.958, "y": 0.95 }, "kind": "other", "text": "21", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d413825e-7137-4580-b352-7d5e860671d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.267, "w": 0.88, "x": 0.08, "y": 0.106 }, "kind": "paragraph", "text": "In addition to the financial information presented in accordance with IFRS, this presentation and the accompanying oral presentation include the following Non-IFRS metrics: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS diluted earnings per share (\"EPS\"), Non-IFRS EBITDA, Non-IFRS free cash flow and any related margins. We define each of Non-IFRS gross profit, Non-IFRS selling, general and administrative and Non-IFRS research and development as each respective IFRS measure adjusted for share-based compensation. We define Non-IFRS operating profit as operating profit adjusted for share-based compensation and restructuring charges. We define Non-IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS net income as net income adjusted for share-based compensation, restructuring charges and the associated tax impact. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS EBITDA as net income, adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, labor optimization initiatives and divestiture gains and associated expenses, legal settlements and transaction expenses. We define Non-IFRS gross margin as Non-IFRS gross profit divided by revenue. We define Non-IFRS operating margin as Non-IFRS operating profit divided by net revenue. We define Non-IFRS EBITDA margin as Non-IFRS EBITDA divided by net revenue.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6fa794f1-9266-4d9d-998b-0287babf3595", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.147, "w": 0.88, "x": 0.08, "y": 0.358 }, "kind": "paragraph", "text": "We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These Non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. Management believes that Non-IFRS free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period. For further information regarding these Non-IFRS measures, please refer to \"Unaudited Reconciliation of IFRS to Non-IFRS\" table above.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8ff587a0-4f8a-4388-8ce7-85bf938799c8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.88, "x": 0.08, "y": 0.507 }, "kind": "paragraph", "text": "Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as a comparative measure.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d93a7c31-93b8-4ed7-b64f-e9a85c183e54", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.19, "x": 0.717, "y": 0.95 }, "kind": "source-note", "text": "GlobalFoundries © 2024 All Rights Reserved", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "02390d80-4d98-41dd-bcdb-fafa5b62a255", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.334, "x": 0.333, "y": 0.04 }, "kind": "title", "text": "Financial Measures (Non-IFRS)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0f5b92d9-dc0f-4a08-b46f-de9796388168", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }