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(All amounts in release are in Canadian dollars)

OTTAWA, May 11, 2022 – Calian® Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its results for the second quarter ended March 31, 2022. Calian reports consolidated revenues of $142 million for its four operating segments, which is a 3% increase from the $138 million reported in the same quarter of the previous year.

Second quarter highlights:

  • Revenue of $142 million, a 3% increase over Q2 FY21
  • Gross margin of 28%, a new record for the Company (24% in the prior year)
  • Adjusted EBITDA of $16.5 million is a new high and a 18% increase over Q2 FY21
  • Adjusted net profit of $13.3 million, a 28% increase over Q2 FY21
  • New contract signings of $160 million

Access the full report on the Calian Financial Results web page.

Register for the conference call on Thursday, May 12, 2022 8:30 a.m. Eastern Time

“This quarter’s performance establishes that the long-term strategic investments we made in the rapidly growing Cybersecurity and Global Defence markets are delivering returns for Calian.” said Kevin Ford, Calian CEO. “Our initiative to deploy capital to drive long-term value was evident with the impressive performance of our Cybersecurity offerings including a strong start for our recent acquisition of Computex in the United States. Our strong pedigree in the military training market is yielding results in Europe as well as introduction of innovative technology in Canada.”

The second quarter of 2022 carries on the Company’s continued growth through acquisition and margin expansion. The Company signed an additional $160 million in new contracts during the quarter and exits with a strong backlog of $1.3 billion.

“Our performance this quarter was due to our diversified four piston engine. As one-time projects from our COVID response efforts last year wound down, we were able to more than offset these with tremendous growth in our IT and Cyber and Learning segments, at significantly higher gross margin and EBITDA margins,” said Patrick Houston, Calian Chief Financial Officer.

“Our four guiding pillars of growth continue to deliver innovation to new and retained long-time customers as we continue our transformation into an innovative global company,” said Kevin Ford. “Our guidance indicates another record year for Calian.”

Guidance

CAD '000s

  • Revenue: Low $580,000, High $625,000
  • Adjusted EBITDA: Low $61,000, High $65,500
  • Adjusted net profit: Low $41,500, High $45,500




About Calian

We keep the world moving forward. Calian® helps people communicate, innovate, learn, stay safe and lead healthy lives with confidence. Every day, our employees live our values of customer-commitment, integrity, innovation and teamwork to engineer reliable solutions that solve complex problems. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American and International markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries: [email protected] 613-599-8600 x 2298 Investor Relations inquiries: [email protected]

DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: [email protected]

Q2 2022 Financial Results

Q2-FY22-Financial-Results.pdf

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