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Tj ET Q q 0 0 0 rg BT 286.25 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.14 316.25 Td (United ) Tj ET Q q 0 0 0 rg BT 335.03 316.25 Td (States ) Tj ET Q q 0 0 0 rg BT 364.42 316.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 406.31 316.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 430.69 316.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 499.09 316.25 Td (information ) Tj ET Q q 0 0 0 rg BT 547.48 316.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 302.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 118.09 302.75 Td (include ) Tj ET Q q 0 0 0 rg BT 149.18 302.75 Td (all ) Tj ET Q q 0 0 0 rg BT 160.76 302.75 Td (information ) Tj ET Q q 0 0 0 rg BT 207.85 302.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.43 302.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.02 302.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 312.62 302.75 Td (CGI) Tj ET Q q 0 0 0 rg BT 330.46 302.75 Td (s ) Tj ET Q q 0 0 0 rg BT 337.53 302.75 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 381.13 302.75 Td (plans, ) Tj ET Q q 0 0 0 rg BT 407.71 302.75 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 463.32 302.75 Td (beliefs, ) Tj ET Q q 0 0 0 rg BT 494.40 302.75 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 539.49 302.75 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 289.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 127.19 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.87 289.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 176.21 289.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.38 289.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.54 289.25 Td (well ) Tj ET Q q 0 0 0 rg BT 211.71 289.25 Td (as ) Tj ET Q q 0 0 0 rg BT 223.88 289.25 Td (any ) Tj ET Q q 0 0 0 rg BT 241.05 289.25 Td (other ) Tj ET Q q 0 0 0 rg BT 264.23 289.25 Td (information ) Tj ET Q q 0 0 0 rg BT 311.42 289.25 Td (or ) Tj ET Q q 0 0 0 rg BT 322.08 289.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 368.76 289.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.44 289.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 411.61 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.78 289.25 Td (future ) Tj ET Q q 0 0 0 rg BT 447.46 289.25 Td (events ) Tj ET Q q 0 0 0 rg BT 476.64 289.25 Td (or ) Tj ET Q q 0 0 0 rg BT 487.31 289.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 547.48 289.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 275.75 Td (which ) Tj ET Q q 0 0 0 rg BT 96.32 275.75 Td (do ) Tj ET Q q 0 0 0 rg BT 108.14 275.75 Td (not ) Tj ET Q q 0 0 0 rg BT 122.46 275.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 152.78 275.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.60 275.75 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 214.93 275.75 Td (relate ) Tj ET Q q 0 0 0 rg BT 239.25 275.75 Td (to ) Tj ET Q q 0 0 0 rg BT 248.57 275.75 Td (historical ) Tj ET Q q 0 0 0 rg BT 285.89 275.75 Td (facts. ) Tj ET Q q 0 0 0 rg BT 309.20 275.75 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 375.54 275.75 Td (information ) Tj ET Q q 0 0 0 rg BT 421.87 275.75 Td (and ) Tj ET Q q 0 0 0 rg BT 438.69 275.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 484.52 275.75 Td (often ) Tj ET Q q 0 0 0 rg BT 506.35 275.75 Td (but ) Tj ET Q q 0 0 0 rg BT 520.67 275.75 Td (not ) Tj ET Q q 0 0 0 rg BT 534.99 275.75 Td (always ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 262.25 Td (use ) Tj ET Q q 0 0 0 rg BT 89.14 262.25 Td (words ) Tj ET Q q 0 0 0 rg BT 116.28 262.25 Td (such ) Tj ET Q q 0 0 0 rg BT 138.43 262.25 Td (as ) Tj ET Q q 0 0 0 rg BT 151.07 262.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 191.21 262.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 236.85 262.25 Td (expect, ) Tj ET Q q 0 0 0 rg BT 275.00 262.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 311.15 262.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 361.30 262.25 Td (foresee, ) Tj ET Q q 0 0 0 rg BT 402.95 262.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 431.59 262.25 Td (predict, ) Tj ET Q q 0 0 0 rg BT 470.23 262.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 508.87 262.25 Td (aim, ) Tj ET Q q 0 0 0 rg BT 535.00 262.25 Td (seek, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 248.75 Td (strive, ) Tj ET Q q 0 0 0 rg BT 103.31 248.75 Td (potential, ) Tj ET Q q 0 0 0 rg BT 147.65 248.75 Td (continue, ) Tj ET Q q 0 0 0 rg BT 191.99 248.75 Td (target, ) Tj ET Q q 0 0 0 rg BT 225.32 248.75 Td (may, ) Tj ET Q q 0 0 0 rg BT 252.64 248.75 Td (might, ) Tj ET Q q 0 0 0 rg BT 284.96 248.75 Td (could, ) Tj ET Q q 0 0 0 rg BT 316.78 248.75 Td (should, ) Tj ET Q q 0 0 0 rg BT 353.62 248.75 Td (and ) Tj ET Q q 0 0 0 rg BT 370.45 248.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 398.27 248.75 Td (expressions ) Tj ET Q q 0 0 0 rg BT 448.11 248.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.94 248.75 Td (variations ) Tj ET Q q 0 0 0 rg BT 505.28 248.75 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 537.50 248.75 Td (These ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 235.25 Td (information ) Tj ET Q q 0 0 0 rg BT 121.24 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.47 235.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 190.71 235.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.93 235.25 Td (based ) Tj ET Q q 0 0 0 rg BT 238.67 235.25 Td (on ) Tj ET Q q 0 0 0 rg BT 253.90 235.25 Td (our ) Tj ET Q q 0 0 0 rg BT 272.12 235.25 Td (perception ) Tj ET Q q 0 0 0 rg BT 319.36 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.09 235.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 365.81 235.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 398.54 235.25 Td (current ) Tj ET Q q 0 0 0 rg BT 431.77 235.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 477.51 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.74 235.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 539.49 235.25 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 221.75 Td (developments, ) Tj ET Q q 0 0 0 rg BT 132.17 221.75 Td (as ) Tj ET Q q 0 0 0 rg BT 143.80 221.75 Td (well ) Tj ET Q q 0 0 0 rg BT 161.44 221.75 Td (as ) Tj ET Q q 0 0 0 rg BT 173.08 221.75 Td (other ) Tj ET Q q 0 0 0 rg BT 195.72 221.75 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 250.88 221.75 Td (both ) Tj ET Q q 0 0 0 rg BT 270.53 221.75 Td (general ) Tj ET Q q 0 0 0 rg BT 302.68 221.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.83 221.75 Td (specific, ) Tj ET Q q 0 0 0 rg BT 354.47 221.75 Td (that ) Tj ET Q q 0 0 0 rg BT 371.62 221.75 Td (we ) Tj ET Q q 0 0 0 rg BT 385.25 221.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 415.91 221.75 Td (are ) Tj ET Q q 0 0 0 rg BT 431.05 221.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 478.71 221.75 Td (in ) Tj ET Q q 0 0 0 rg BT 487.85 221.75 Td (the ) Tj ET Q q 0 0 0 rg BT 502.49 221.75 Td (circumstances. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 208.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 93.97 208.25 Td (information ) Tj ET Q q 0 0 0 rg BT 140.45 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.43 208.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 203.40 208.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 220.87 208.25 Td (however) Tj ET Q q 0 0 0 rg BT 254.39 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 258.85 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 270.32 208.25 Td (their ) Tj ET Q q 0 0 0 rg BT 289.78 208.25 Td (very ) Tj ET Q q 0 0 0 rg BT 308.74 208.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 338.72 208.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 369.20 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.66 208.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 413.14 208.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 433.60 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.57 208.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 506.06 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.52 208.25 Td (which ) Tj ET Q q 0 0 0 rg BT 540.49 208.25 Td (many ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 194.75 Td (are ) Tj ET Q q 0 0 0 rg BT 87.36 194.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 119.74 194.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.11 194.75 Td (control ) Tj ET Q q 0 0 0 rg BT 164.98 194.75 Td (of ) Tj ET Q q 0 0 0 rg BT 175.34 194.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.70 194.75 Td (Company) Tj ET Q q 0 0 0 rg BT 228.55 194.75 Td (, ) Tj ET Q q 0 0 0 rg BT 233.91 194.75 Td (and ) Tj ET Q q 0 0 0 rg BT 251.78 194.75 Td (which ) Tj ET Q q 0 0 0 rg BT 277.64 194.75 Td (give ) Tj ET Q q 0 0 0 rg BT 297.01 194.75 Td (rise ) Tj ET Q q 0 0 0 rg BT 314.36 194.75 Td (to ) Tj ET Q q 0 0 0 rg BT 324.72 194.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.09 194.75 Td (possibility ) Tj ET Q q 0 0 0 rg BT 381.96 194.75 Td (that ) Tj ET Q q 0 0 0 rg BT 399.83 194.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 426.70 194.75 Td (results ) Tj ET Q q 0 0 0 rg BT 456.06 194.75 Td (could ) Tj ET Q q 0 0 0 rg BT 480.43 194.75 Td (dif) Tj ET Q q 0 0 0 rg BT 489.77 194.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 503.13 194.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 544.49 194.75 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 181.25 Td (our ) Tj ET Q q 0 0 0 rg BT 86.45 181.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 138.92 181.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 182.38 181.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 193.82 181.25 Td (or ) Tj ET Q q 0 0 0 rg BT 203.76 181.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 234.21 181.25 Td (by) Tj ET Q q 0 0 0 rg BT 243.05 181.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.48 181.25 Td (such ) Tj ET Q q 0 0 0 rg BT 268.43 181.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 331.90 181.25 Td (information ) Tj ET Q q 0 0 0 rg BT 378.36 181.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.30 181.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 451.76 181.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 500.09 181.25 Td (These ) Tj ET Q q 0 0 0 rg BT 527.04 181.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 547.48 181.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 167.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 125.11 167.75 Td (include ) Tj ET Q q 0 0 0 rg BT 156.22 167.75 Td (but ) Tj ET Q q 0 0 0 rg BT 171.32 167.75 Td (are ) Tj ET Q q 0 0 0 rg BT 186.91 167.75 Td (not ) Tj ET Q q 0 0 0 rg BT 202.00 167.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 241.60 167.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 254.19 167.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 275.27 167.75 Td (related ) Tj ET Q q 0 0 0 rg BT 305.38 167.75 Td (to ) Tj ET Q q 0 0 0 rg BT 315.47 167.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.56 167.75 Td (market ) Tj ET Q q 0 0 0 rg BT 360.65 167.75 Td (such ) Tj ET Q q 0 0 0 rg BT 382.25 167.75 Td (as ) Tj ET Q q 0 0 0 rg BT 394.34 167.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.44 167.75 Td (level ) Tj ET Q q 0 0 0 rg BT 430.53 167.75 Td (of ) Tj ET Q q 0 0 0 rg BT 440.62 167.75 Td (business ) Tj ET Q q 0 0 0 rg BT 478.73 167.75 Td (activity ) Tj ET Q q 0 0 0 rg BT 508.82 167.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.91 167.75 Td (our ) Tj ET Q q 0 0 0 rg BT 534.50 167.75 Td (clients, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 154.25 Td (which ) Tj ET Q q 0 0 0 rg BT 97.45 154.25 Td (is ) Tj ET Q q 0 0 0 rg BT 106.89 154.25 Td (af) Tj ET Q q 0 0 0 rg BT 114.23 154.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 141.69 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 154.13 154.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 195.59 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.55 154.25 Td (political ) Tj ET Q q 0 0 0 rg BT 246.50 154.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 292.47 154.25 Td (external ) Tj ET Q q 0 0 0 rg BT 327.43 154.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 348.87 154.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 373.81 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.26 154.25 Td (pandemics\) ) Tj ET Q q 0 0 0 rg BT 435.72 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.67 154.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.62 154.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 495.57 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.02 154.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 545.99 154.25 Td (new ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 140.75 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 112.61 140.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 133.20 140.75 Td (related ) Tj ET Q q 0 0 0 rg BT 162.81 140.75 Td (to ) Tj ET Q q 0 0 0 rg BT 172.41 140.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.51 140.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 221.11 140.75 Td (such ) Tj ET Q q 0 0 0 rg BT 242.22 140.75 Td (as ) Tj ET Q q 0 0 0 rg BT 253.81 140.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 301.93 140.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.04 140.75 Td (our ) Tj ET Q q 0 0 0 rg BT 334.14 140.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 359.24 140.75 Td (to ) Tj ET Q q 0 0 0 rg BT 368.84 140.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 395.94 140.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.05 140.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 437.66 140.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 473.28 140.75 Td (employees, ) Tj ET Q q 0 0 0 rg BT 521.39 140.75 Td (to ) Tj ET Q q 0 0 0 rg BT 530.99 140.75 Td (develop ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.42 127.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 119.86 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.78 127.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 172.19 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.61 127.25 Td (penetrate ) Tj ET Q q 0 0 0 rg BT 221.54 127.25 Td (new ) Tj ET Q q 0 0 0 rg BT 239.96 127.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 276.38 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.30 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.71 127.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 332.14 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 347.05 127.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 391.49 127.25 Td (property ) Tj ET Q q 0 0 0 rg BT 426.41 127.25 Td (rights; ) Tj ET Q q 0 0 0 rg BT 452.83 127.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 473.23 127.25 Td (related ) Tj ET Q q 0 0 0 rg BT 502.66 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.07 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.99 127.25 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 113.75 Td (such ) Tj ET Q q 0 0 0 rg BT 92.95 113.75 Td (as ) Tj ET Q q 0 0 0 rg BT 104.89 113.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 125.82 113.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 171.28 113.75 Td (with ) Tj ET Q q 0 0 0 rg BT 189.72 113.75 Td (our ) Tj ET Q q 0 0 0 rg BT 205.17 113.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 234.61 113.75 Td (strategy) Tj ET Q q 0 0 0 rg BT 265.96 113.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.90 113.75 Td (including ) Tj ET Q q 0 0 0 rg BT 308.86 113.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.80 113.75 Td (integration ) Tj ET Q q 0 0 0 rg BT 368.27 113.75 Td (of ) Tj ET Q q 0 0 0 rg BT 378.21 113.75 Td (new ) Tj ET Q q 0 0 0 rg BT 397.16 113.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 444.12 113.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.58 113.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.03 113.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 544.00 113.75 Td (risks ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 100.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 105.67 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.31 100.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 155.97 100.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 202.14 100.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 231.30 100.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 271.97 100.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 294.61 100.25 Td (income ) Tj ET Q q 0 0 0 rg BT 325.26 100.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 338.91 100.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 361.06 100.25 Td (our ) Tj ET Q q 0 0 0 rg BT 375.71 100.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.36 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.50 100.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 448.18 100.25 Td (favourable ) Tj ET Q q 0 0 0 rg BT 491.85 100.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 537.51 100.25 Td (terms, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 86.75 Td (to ) Tj ET Q q 0 0 0 rg BT 81.29 86.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 110.08 86.75 Td (our ) Tj ET Q q 0 0 0 rg BT 125.36 86.75 Td (services ) Tj ET Q q 0 0 0 rg BT 160.65 86.75 Td (and ) Tj ET Q q 0 0 0 rg BT 177.95 86.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.73 86.75 Td (collect ) Tj ET Q q 0 0 0 rg BT 215.52 86.75 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 265.82 86.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.12 86.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.91 86.75 Td (reputational ) Tj ET Q q 0 0 0 rg BT 347.22 86.75 Td (and ) Tj ET Q q 0 0 0 rg BT 364.52 86.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.82 86.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 420.59 86.75 Td (attendant ) Tj ET Q q 0 0 0 rg BT 460.41 86.75 Td (to ) Tj ET Q q 0 0 0 rg BT 470.19 86.75 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 525.49 86.75 Td (breaches ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg 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560.45 Td (that ) Tj ET Q q 0 0 0 rg BT 528.35 560.45 Td (the ) Tj ET Q q 0 0 0 rg BT 544.00 560.45 Td (risks ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 546.95 Td (described ) Tj ET Q q 0 0 0 rg BT 113.11 546.95 Td (in ) Tj ET Q q 0 0 0 rg BT 122.71 546.95 Td (the ) Tj ET Q q 0 0 0 rg BT 137.81 546.95 Td (previously ) Tj ET Q q 0 0 0 rg BT 180.92 546.95 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 225.54 546.95 Td (section ) Tj ET Q q 0 0 0 rg BT 256.65 546.95 Td (and ) Tj ET Q q 0 0 0 rg BT 274.25 546.95 Td (in ) Tj ET Q q 0 0 0 rg BT 283.85 546.95 Td (other ) Tj ET Q q 0 0 0 rg BT 306.95 546.95 Td (sections ) Tj ET Q q 0 0 0 rg BT 342.56 546.95 Td (of ) Tj ET Q q 0 0 0 rg BT 352.66 546.95 Td (this ) Tj ET Q q 0 0 0 rg BT 369.25 546.95 Td (MD&A) Tj ET Q q 0 0 0 rg BT 394.76 546.95 Td ( ) Tj ET Q q 0 0 0 rg BT 397.35 546.95 Td (are ) Tj ET Q q 0 0 0 rg BT 412.95 546.95 Td (not ) Tj ET Q q 0 0 0 rg BT 428.05 546.95 Td (the ) Tj ET Q q 0 0 0 rg BT 443.15 546.95 Td (only ) Tj ET Q q 0 0 0 rg BT 462.25 546.95 Td (ones ) Tj ET Q q 0 0 0 rg BT 484.36 546.95 Td (that ) Tj ET Q q 0 0 0 rg BT 501.96 546.95 Td (could ) Tj ET Q q 0 0 0 rg BT 526.07 546.95 Td (af) Tj ET Q q 0 0 0 rg BT 533.41 546.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 550.51 546.95 Td (us. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 533.45 Td (Additional ) Tj ET Q q 0 0 0 rg BT 114.22 533.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 135.90 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 154.11 533.45 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 208.33 533.45 Td (not ) Tj ET Q q 0 0 0 rg BT 224.03 533.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 261.73 533.45 Td (known ) Tj ET Q q 0 0 0 rg BT 290.93 533.45 Td (to ) Tj ET Q q 0 0 0 rg BT 301.63 533.45 Td (us ) Tj ET Q q 0 0 0 rg BT 314.32 533.45 Td (or ) Tj ET Q q 0 0 0 rg BT 325.51 533.45 Td (that ) Tj ET Q q 0 0 0 rg BT 343.71 533.45 Td (we ) Tj ET Q q 0 0 0 rg BT 358.41 533.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 396.10 533.45 Td (deem ) Tj ET Q q 0 0 0 rg BT 421.81 533.45 Td (to ) Tj ET Q q 0 0 0 rg BT 432.50 533.45 Td (be ) Tj ET Q q 0 0 0 rg BT 445.70 533.45 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 490.40 533.45 Td (could ) Tj ET Q q 0 0 0 rg BT 515.10 533.45 Td (also ) Tj ET Q q 0 0 0 rg BT 534.80 533.45 Td (have ) Tj ET Q q 0 0 0 rg BT 557.51 533.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 519.95 Td (material ) Tj ET Q q 0 0 0 rg BT 106.01 519.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 140.53 519.95 Td (ef) Tj ET Q q 0 0 0 rg BT 147.87 519.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 164.88 519.95 Td (on ) Tj ET Q q 0 0 0 rg BT 177.39 519.95 Td (our ) Tj ET Q q 0 0 0 rg BT 192.90 519.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.42 519.95 Td (position, ) Tj ET Q q 0 0 0 rg BT 264.44 519.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.96 519.95 Td (performance, ) Tj ET Q q 0 0 0 rg BT 355.49 519.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 377.00 519.95 Td (flows, ) Tj ET Q q 0 0 0 rg BT 402.50 519.95 Td (business ) Tj ET Q q 0 0 0 rg BT 440.53 519.95 Td (or ) Tj ET Q q 0 0 0 rg BT 451.03 519.95 Td (reputation.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 706.80 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 133.78 706.80 Td ( ) Tj ET Q q 0 0 0 rg BT 137.11 706.80 Td (and ) Tj ET Q q 0 0 0 rg BT 161.78 706.80 Td (Key ) Tj ET Q q 0 0 0 rg BT 187.13 706.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 263.82 706.80 Td (Measures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 687.30 Td (The ) Tj ET Q q 0 0 0 rg BT 89.23 687.30 Td (reader ) Tj ET Q q 0 0 0 rg BT 116.97 687.30 Td (should ) Tj ET Q q 0 0 0 rg BT 145.22 687.30 Td (note ) Tj ET Q q 0 0 0 rg BT 164.46 687.30 Td (that ) Tj ET Q q 0 0 0 rg BT 181.19 687.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.43 687.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.67 687.30 Td (reports ) Tj ET Q q 0 0 0 rg BT 265.41 687.30 Td (its ) Tj ET Q q 0 0 0 rg BT 276.13 687.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.88 687.30 Td (results ) Tj ET Q q 0 0 0 rg BT 339.11 687.30 Td (in ) Tj ET Q q 0 0 0 rg BT 347.84 687.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 396.09 687.30 Td (with ) Tj ET Q q 0 0 0 rg BT 413.82 687.30 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 438.54 687.30 Td (However) Tj ET Q q 0 0 0 rg BT 473.56 687.30 Td (, ) Tj ET Q q 0 0 0 rg BT 477.78 687.30 Td (we ) Tj ET Q q 0 0 0 rg BT 491.01 687.30 Td (use ) Tj ET Q q 0 0 0 rg BT 507.25 687.30 Td (a ) Tj ET Q q 0 0 0 rg BT 513.98 687.30 Td (combination ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 673.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.54 673.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.59 673.80 Td (measures, ) Tj ET Q q 0 0 0 rg BT 163.64 673.80 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 191.18 673.80 Td (and ) Tj ET Q q 0 0 0 rg BT 209.23 673.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 252.09 673.80 Td ( ) Tj ET Q q 0 0 0 rg BT 255.12 673.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 297.67 673.80 Td (to ) Tj ET Q q 0 0 0 rg BT 308.21 673.80 Td (assess ) Tj ET Q q 0 0 0 rg BT 339.25 673.80 Td (the ) Tj ET Q q 0 0 0 rg BT 354.80 673.80 Td (Company) Tj ET Q q 0 0 0 rg BT 395.15 673.80 Td (s ) Tj ET Q q 0 0 0 rg BT 402.69 673.80 Td (performance. ) Tj ET Q q 0 0 0 rg BT 458.54 673.80 Td (The ) Tj ET Q q 0 0 0 rg BT 477.09 673.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 519.95 673.80 Td ( ) Tj ET Q q 0 0 0 rg BT 522.98 673.80 Td (measures ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 660.30 Td (used ) Tj ET Q q 0 0 0 rg BT 94.21 660.30 Td (in ) Tj ET Q q 0 0 0 rg BT 103.92 660.30 Td (this ) Tj ET Q q 0 0 0 rg BT 120.62 660.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 146.12 660.30 Td ( ) Tj ET Q q 0 0 0 rg BT 148.82 660.30 Td (do ) Tj ET Q q 0 0 0 rg BT 161.53 660.30 Td (not ) Tj ET Q q 0 0 0 rg BT 176.74 660.30 Td (have ) Tj ET Q q 0 0 0 rg BT 198.95 660.30 Td (any ) Tj ET Q q 0 0 0 rg BT 216.16 660.30 Td (standardized ) Tj ET Q q 0 0 0 rg BT 270.39 660.30 Td (meaning ) Tj ET Q q 0 0 0 rg BT 307.61 660.30 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 352.33 660.30 Td (by ) Tj ET Q q 0 0 0 rg BT 364.53 660.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 387.73 660.30 Td (and ) Tj ET Q q 0 0 0 rg BT 405.44 660.30 Td (are ) Tj ET Q q 0 0 0 rg BT 421.15 660.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 459.87 660.30 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 492.58 660.30 Td (to ) Tj ET Q q 0 0 0 rg BT 502.78 660.30 Td (be ) Tj ET Q q 0 0 0 rg BT 515.49 660.30 Td (comparable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 646.80 Td (to ) Tj ET Q q 0 0 0 rg BT 81.67 646.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 109.82 646.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 151.50 646.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 193.69 646.80 Td (by ) Tj ET Q q 0 0 0 rg BT 205.35 646.80 Td (other ) Tj ET Q q 0 0 0 rg BT 228.03 646.80 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 261.05 646.80 Td (These ) Tj ET Q q 0 0 0 rg BT 288.23 646.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 329.90 646.80 Td (should ) Tj ET Q q 0 0 0 rg BT 358.58 646.80 Td (be ) Tj ET Q q 0 0 0 rg BT 370.75 646.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 416.94 646.80 Td (as ) Tj ET Q q 0 0 0 rg BT 428.61 646.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 484.30 646.80 Td (in ) Tj ET Q q 0 0 0 rg BT 493.47 646.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 521.14 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 538.32 646.80 Td (not ) Tj ET Q q 0 0 0 rg BT 552.99 646.80 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 633.30 Td (a ) Tj ET Q q 0 0 0 rg BT 79.51 633.30 Td (substitute ) Tj ET Q q 0 0 0 rg BT 120.53 633.30 Td (for ) Tj ET Q q 0 0 0 rg BT 133.53 633.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.54 633.30 Td (related ) Tj ET Q q 0 0 0 rg BT 178.56 633.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.08 633.30 Td (information ) Tj ET Q q 0 0 0 rg BT 261.11 633.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 299.63 633.30 Td (in ) Tj ET Q q 0 0 0 rg BT 309.14 633.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 358.17 633.30 Td (with ) Tj ET Q q 0 0 0 rg BT 376.67 633.30 Td (IFRS.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 613.80 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 613.80 Td (table ) Tj ET Q q 0 0 0 rg BT 112.03 613.80 Td (below ) Tj ET Q q 0 0 0 rg BT 138.04 613.80 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 189.05 613.80 Td (our ) Tj ET Q q 0 0 0 rg BT 204.56 613.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 247.42 613.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.92 613.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 291.93 613.80 Td (and ) Tj ET Q q 0 0 0 rg BT 309.45 613.80 Td (most ) Tj ET Q q 0 0 0 rg BT 331.45 613.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 365.97 613.80 Td (key ) Tj ET Q q 0 0 0 rg BT 382.48 613.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 435.50 613.80 Td (measures:) Tj ET Q 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 597.30 68.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 593.30 68.00 -68.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 525.30 68.00 -54.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 471.30 68.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 458.30 68.00 -29.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 429.30 68.00 -27.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 402.30 68.00 -68.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 334.30 68.00 -68.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 266.30 68.00 -81.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 185.30 68.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 181.30 68.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 177.30 68.00 -42.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 135.30 68.00 -84.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 51.30 68.00 -4.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 597.3 m 72.25 593.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 597.3 m 140.25 593.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 597.3 m 140.25 597.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 597.3 m 149.25 597.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 597.3 m 561.25 593.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 597.3 m 561.25 597.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 593.3 m 72.25 525.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 593.3 m 140.25 525.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 593.3 m 561.25 525.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 525.3 m 72.25 471.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 525.3 m 140.25 471.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 525.3 m 140.25 471.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 525.3 m 561.25 471.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 471.29999999999995 m 72.25 458.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 471.29999999999995 m 140.25 458.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 471.29999999999995 m 140.25 458.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 471.29999999999995 m 561.25 458.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 458.29999999999995 m 72.25 429.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 458.29999999999995 m 140.25 429.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 458.29999999999995 m 140.25 429.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 458.29999999999995 m 561.25 429.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 429.29999999999995 m 72.25 402.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 429.29999999999995 m 140.25 402.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 429.29999999999995 m 140.25 402.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 429.29999999999995 m 561.25 402.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 402.29999999999995 m 72.25 334.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 402.29999999999995 m 140.25 334.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 402.29999999999995 m 140.25 334.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 402.29999999999995 m 561.25 334.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 334.29999999999995 m 72.25 266.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 334.29999999999995 m 140.25 266.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 334.29999999999995 m 140.25 266.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 334.29999999999995 m 561.25 266.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 266.29999999999995 m 72.25 185.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 266.29999999999995 m 140.25 185.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 266.29999999999995 m 140.25 185.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 266.29999999999995 m 561.25 185.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 185.29999999999995 m 72.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 185.29999999999995 m 140.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 181.29999999999995 m 140.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 181.29999999999995 m 149.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 185.29999999999995 m 561.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 181.29999999999995 m 561.25 181.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 181.29999999999995 m 72.25 177.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 181.29999999999995 m 140.25 177.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 181.29999999999995 m 561.25 177.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 177.29999999999995 m 72.25 135.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 177.29999999999995 m 140.25 135.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 177.29999999999995 m 140.25 135.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 177.29999999999995 m 561.25 135.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 135.29999999999995 m 72.25 51.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 135.29999999999995 m 140.25 51.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 135.29999999999995 m 140.25 51.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 135.29999999999995 m 561.25 51.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 51.299999999999955 m 72.25 47.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 51.299999999999955 m 140.25 47.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 47.299999999999955 m 140.25 47.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 47.299999999999955 m 149.25 47.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 51.299999999999955 m 561.25 47.299999999999955 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 47.299999999999955 m 561.25 47.299999999999955 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.75 584.25 Td (Profitability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 583.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 584.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.15 584.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 210.07 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.36 584.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 265.75 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.12 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 283.99 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 292.37 584.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 330.76 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.63 584.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 379.53 584.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 420.92 584.25 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 497.34 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.72 584.25 Td (integration ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 570.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 176.74 570.75 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 228.24 570.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 253.24 570.75 Td (net ) Tj ET Q q 0 0 0 rg BT 267.23 570.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 297.74 570.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.23 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.73 570.75 Td (income ) Tj ET Q q 0 0 0 rg BT 367.23 570.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.72 570.75 Td (expense. ) Tj ET Q q 0 0 0 rg BT 418.73 570.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 472.75 570.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 507.25 570.75 Td (this ) Tj ET Q q 0 0 0 rg BT 522.74 570.75 Td (measure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 160.09 557.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 185.95 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.30 557.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 233.16 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 244.51 557.25 Td (it ) Tj ET Q q 0 0 0 rg BT 250.85 557.25 Td (best ) Tj ET Q q 0 0 0 rg BT 269.71 557.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 300.56 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.91 557.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 367.28 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.63 557.25 Td (its ) Tj ET Q q 0 0 0 rg BT 387.48 557.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 423.83 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.69 557.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 467.54 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 479.89 557.25 Td (better ) Tj ET Q q 0 0 0 rg BT 504.75 557.25 Td (comparability ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 543.75 Td (from ) Tj ET Q q 0 0 0 rg BT 171.66 543.75 Td (period ) Tj ET Q q 0 0 0 rg BT 198.59 543.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.01 543.75 Td (period ) Tj ET Q q 0 0 0 rg BT 234.94 543.75 Td (as ) Tj ET Q q 0 0 0 rg BT 246.36 543.75 Td (well ) Tj ET Q q 0 0 0 rg BT 263.78 543.75 Td (as ) Tj ET Q q 0 0 0 rg BT 275.20 543.75 Td (to ) Tj ET Q q 0 0 0 rg BT 284.62 543.75 Td (trend ) Tj ET Q q 0 0 0 rg BT 307.04 543.75 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 343.84 543.75 Td (A) Tj ET Q q 0 0 0 rg BT 349.35 543.75 Td ( ) Tj ET Q q 0 0 0 rg BT 351.01 543.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 405.45 543.75 Td (of ) Tj ET Q q 0 0 0 rg BT 414.87 543.75 Td (the ) Tj ET Q q 0 0 0 rg BT 429.30 543.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 465.24 543.75 Td (EBIT) Tj ET Q q 0 0 0 rg BT 485.16 543.75 Td ( ) Tj ET Q q 0 0 0 rg BT 486.99 543.75 Td (to ) Tj ET Q q 0 0 0 rg BT 496.41 543.75 Td (its ) Tj ET Q q 0 0 0 rg BT 507.32 543.75 Td (closest ) Tj ET Q q 0 0 0 rg BT 537.25 543.75 Td (IFRS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 530.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 189.27 530.25 Td (can ) Tj ET Q q 0 0 0 rg BT 206.28 530.25 Td (be ) Tj ET Q q 0 0 0 rg BT 218.79 530.25 Td (found ) Tj ET Q q 0 0 0 rg BT 243.81 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.32 530.25 Td (section ) Tj ET Q q 0 0 0 rg BT 284.33 530.25 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 301.85 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.85 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.86 530.25 Td (present ) Tj ET Q q 0 0 0 rg BT 359.38 530.25 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 515.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 516.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 191.03 516.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 210.96 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.13 516.25 Td (margin ) Tj ET Q q 0 0 0 rg BT 246.90 516.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 300.18 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.44 516.25 Td (is ) Tj ET Q q 0 0 0 rg BT 320.20 516.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 358.99 516.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.76 516.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 407.54 516.25 Td (our ) Tj ET Q q 0 0 0 rg BT 424.81 516.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 463.09 516.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 483.01 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.19 516.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.96 516.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.22 516.25 Td (revenues. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 502.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 205.74 502.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 240.22 502.75 Td (this ) Tj ET Q q 0 0 0 rg BT 255.68 502.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 292.16 502.75 Td (is ) Tj ET Q q 0 0 0 rg BT 300.11 502.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 325.59 502.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.55 502.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 372.02 502.75 Td (as ) Tj ET Q q 0 0 0 rg BT 382.99 502.75 Td (it ) Tj ET Q q 0 0 0 rg BT 388.94 502.75 Td (best ) Tj ET Q q 0 0 0 rg BT 407.41 502.75 Td (reflects ) Tj ET Q q 0 0 0 rg BT 437.88 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.85 502.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 503.83 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 512.79 502.75 Td (its ) Tj ET Q q 0 0 0 rg BT 523.25 502.75 Td (activities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 489.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.19 489.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 196.63 489.25 Td (for ) Tj ET Q q 0 0 0 rg BT 209.56 489.25 Td (better ) Tj ET Q q 0 0 0 rg BT 235.01 489.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 290.45 489.25 Td (from ) Tj ET Q q 0 0 0 rg BT 310.88 489.25 Td (period ) Tj ET Q q 0 0 0 rg BT 338.33 489.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.26 489.25 Td (period ) Tj ET Q q 0 0 0 rg BT 375.71 489.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.64 489.25 Td (well ) Tj ET Q q 0 0 0 rg BT 405.57 489.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.51 489.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.44 489.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 450.38 489.25 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 487.59 489.25 Td (A) Tj ET Q q 0 0 0 rg BT 493.10 489.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.28 489.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 550.24 489.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.76 475.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 203.29 475.75 Td (EBIT) Tj ET Q q 0 0 0 rg BT 223.21 475.75 Td ( ) Tj ET Q q 0 0 0 rg BT 225.63 475.75 Td (to ) Tj ET Q q 0 0 0 rg BT 235.64 475.75 Td (its ) Tj ET Q q 0 0 0 rg BT 247.14 475.75 Td (closest ) Tj ET Q q 0 0 0 rg BT 277.65 475.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 300.65 475.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 338.17 475.75 Td (can ) Tj ET Q q 0 0 0 rg BT 355.18 475.75 Td (be ) Tj ET Q q 0 0 0 rg BT 367.69 475.75 Td (found ) Tj ET Q q 0 0 0 rg BT 392.71 475.75 Td (in ) Tj ET Q q 0 0 0 rg BT 402.22 475.75 Td (section ) Tj ET Q q 0 0 0 rg BT 433.23 475.75 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 450.75 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 460.75 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 475.76 475.75 Td (present ) Tj ET Q q 0 0 0 rg BT 508.28 475.75 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 461.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 462.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 168.26 462.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 205.28 462.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.79 462.25 Td (is ) Tj ET Q q 0 0 0 rg BT 221.79 462.25 Td (a ) Tj ET Q q 0 0 0 rg BT 229.29 462.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 266.81 462.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.81 462.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 313.84 462.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 356.87 462.25 Td (for ) Tj ET Q q 0 0 0 rg BT 369.88 462.25 Td (shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 448.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 449.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 167.11 449.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 202.98 449.25 Td (margin ) Tj ET Q q 0 0 0 rg BT 231.84 449.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 282.21 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.57 449.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.42 449.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 332.30 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.16 449.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 375.03 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.39 449.25 Td (net ) Tj ET Q q 0 0 0 rg BT 403.25 449.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 439.13 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 449.99 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 464.35 449.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 505.22 449.25 Td (Management ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 435.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 187.11 435.75 Td (a ) Tj ET Q q 0 0 0 rg BT 194.46 435.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 241.84 435.75 Td (of ) Tj ET Q q 0 0 0 rg BT 251.68 435.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.55 435.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 323.91 435.75 Td (is ) Tj ET Q q 0 0 0 rg BT 332.75 435.75 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 379.12 435.75 Td (for ) Tj ET Q q 0 0 0 rg BT 391.96 435.75 Td (better ) Tj ET Q q 0 0 0 rg BT 417.32 435.75 Td (comparability ) Tj ET Q q 0 0 0 rg BT 472.68 435.75 Td (from ) Tj ET Q q 0 0 0 rg BT 493.02 435.75 Td (period ) Tj ET Q q 0 0 0 rg BT 520.38 435.75 Td (to ) Tj ET Q q 0 0 0 rg BT 530.23 435.75 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 419.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 420.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 182.63 420.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 220.01 420.25 Td (per ) Tj ET Q q 0 0 0 rg BT 235.88 420.25 Td (share ) Tj ET Q q 0 0 0 rg BT 261.25 420.25 Td (\(diluted ) Tj ET Q q 0 0 0 rg BT 293.63 420.25 Td (EPS\) ) Tj ET Q q 0 0 0 rg BT 317.50 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.36 420.25 Td (is ) Tj ET Q q 0 0 0 rg BT 334.73 420.25 Td (a ) Tj ET Q q 0 0 0 rg BT 342.59 420.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 380.47 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.83 420.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 428.22 420.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 471.61 420.25 Td (for ) Tj ET Q q 0 0 0 rg BT 484.98 420.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 539.87 420.25 Td (on ) Tj ET Q q 0 0 0 rg BT 552.74 420.25 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 406.75 Td (per ) Tj ET Q q 0 0 0 rg BT 167.26 406.75 Td (share ) Tj ET Q q 0 0 0 rg BT 192.27 406.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 218.28 406.75 Td (assuming ) Tj ET Q q 0 0 0 rg BT 259.30 406.75 Td (all ) Tj ET Q q 0 0 0 rg BT 270.81 406.75 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 301.32 406.75 Td (elements ) Tj ET Q q 0 0 0 rg BT 340.34 406.75 Td (are ) Tj ET Q q 0 0 0 rg BT 355.85 406.75 Td (exercised.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 392.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 393.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 167.85 393.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 204.46 393.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 244.58 393.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 276.69 393.25 Td (items ) Tj ET Q q 0 0 0 rg BT 300.28 393.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 351.39 393.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.49 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 367.08 393.25 Td (a ) Tj ET Q q 0 0 0 rg BT 374.18 393.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 411.29 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.89 393.25 Td (net ) Tj ET Q q 0 0 0 rg BT 435.49 393.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 472.11 393.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 512.23 393.25 Td (acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 379.75 Td (related ) Tj ET Q q 0 0 0 rg BT 183.75 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.25 379.75 Td (integration ) Tj ET Q q 0 0 0 rg BT 249.76 379.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 277.75 379.75 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 332.25 379.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.74 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.23 379.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.72 379.75 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 449.23 379.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 506.24 379.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 543.75 379.75 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 366.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 190.47 366.25 Td (is ) Tj ET Q q 0 0 0 rg BT 200.68 366.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 228.41 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.62 366.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 279.34 366.25 Td (as ) Tj ET Q q 0 0 0 rg BT 292.55 366.25 Td (it ) Tj ET Q q 0 0 0 rg BT 300.76 366.25 Td (best ) Tj ET Q q 0 0 0 rg BT 321.48 366.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 354.20 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.42 366.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 418.86 366.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 473.09 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.82 366.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 520.53 366.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 366.25 Td (better ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 352.75 Td (comparability ) Tj ET Q q 0 0 0 rg BT 207.73 352.75 Td (from ) Tj ET Q q 0 0 0 rg BT 228.69 352.75 Td (period ) Tj ET Q q 0 0 0 rg BT 256.67 352.75 Td (to ) Tj ET Q q 0 0 0 rg BT 267.13 352.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 297.27 352.75 Td (A) Tj ET Q q 0 0 0 rg BT 302.78 352.75 Td ( ) Tj ET Q q 0 0 0 rg BT 305.49 352.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 360.98 352.75 Td (of ) Tj ET Q q 0 0 0 rg BT 371.44 352.75 Td (the ) Tj ET Q q 0 0 0 rg BT 386.91 352.75 Td (net ) Tj ET Q q 0 0 0 rg BT 402.38 352.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 439.86 352.75 Td (excluding ) Tj ET Q q 0 0 0 rg BT 480.85 352.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 513.82 352.75 Td (items ) Tj ET Q q 0 0 0 rg BT 538.28 352.75 Td (to ) Tj ET Q q 0 0 0 rg BT 548.75 352.75 Td (its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 339.25 Td (closest ) Tj ET Q q 0 0 0 rg BT 182.26 339.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 205.26 339.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 242.78 339.25 Td (can ) Tj ET Q q 0 0 0 rg BT 259.79 339.25 Td (be ) Tj ET Q q 0 0 0 rg BT 272.30 339.25 Td (found ) Tj ET Q q 0 0 0 rg BT 297.32 339.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.83 339.25 Td (section ) Tj ET Q q 0 0 0 rg BT 337.85 339.25 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 362.86 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.87 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.88 339.25 Td (present ) Tj ET Q q 0 0 0 rg BT 420.40 339.25 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 324.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 325.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 168.99 325.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 206.75 325.25 Td (margin ) Tj ET Q q 0 0 0 rg BT 237.49 325.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 278.76 325.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 312.00 325.25 Td (items ) Tj ET Q q 0 0 0 rg BT 336.74 325.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 388.99 325.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.23 325.25 Td (is ) Tj ET Q q 0 0 0 rg BT 406.97 325.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 444.73 325.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.48 325.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 491.23 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 507.47 325.25 Td (net ) Tj ET Q q 0 0 0 rg BT 523.22 325.25 Td (earnings ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 311.75 Td (excluding ) Tj ET Q q 0 0 0 rg BT 192.37 311.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 224.97 311.75 Td (items ) Tj ET Q q 0 0 0 rg BT 249.07 311.75 Td (by ) Tj ET Q q 0 0 0 rg BT 261.17 311.75 Td (our ) Tj ET Q q 0 0 0 rg BT 276.77 311.75 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 318.89 311.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 374.01 311.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 409.63 311.75 Td (this ) Tj ET Q q 0 0 0 rg BT 426.22 311.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 463.83 311.75 Td (is ) Tj ET Q q 0 0 0 rg BT 472.93 311.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 499.53 311.75 Td (to ) Tj ET Q q 0 0 0 rg BT 509.63 311.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 548.24 311.75 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 298.25 Td (it ) Tj ET Q q 0 0 0 rg BT 158.79 298.25 Td (best ) Tj ET Q q 0 0 0 rg BT 178.34 298.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 209.89 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.94 298.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 272.22 298.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 325.29 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.84 298.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 370.39 298.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.44 298.25 Td (better ) Tj ET Q q 0 0 0 rg BT 408.99 298.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 464.55 298.25 Td (from ) Tj ET Q q 0 0 0 rg BT 485.10 298.25 Td (period ) Tj ET Q q 0 0 0 rg BT 512.65 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.70 298.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 552.50 298.25 Td (A) Tj ET Q q 0 0 0 rg BT 558.01 298.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 284.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 206.95 284.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.13 284.75 Td (the ) Tj ET Q q 0 0 0 rg BT 232.32 284.75 Td (net ) Tj ET Q q 0 0 0 rg BT 247.51 284.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 284.71 284.75 Td (excluding ) Tj ET Q q 0 0 0 rg BT 325.41 284.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 358.09 284.75 Td (items ) Tj ET Q q 0 0 0 rg BT 382.27 284.75 Td (to ) Tj ET Q q 0 0 0 rg BT 392.45 284.75 Td (its ) Tj ET Q q 0 0 0 rg BT 404.13 284.75 Td (closest ) Tj ET Q q 0 0 0 rg BT 434.81 284.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 457.99 284.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 495.68 284.75 Td (can ) Tj ET Q q 0 0 0 rg BT 512.87 284.75 Td (be ) Tj ET Q q 0 0 0 rg BT 525.55 284.75 Td (found ) Tj ET Q q 0 0 0 rg BT 550.75 284.75 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 271.25 Td (section ) Tj ET Q q 0 0 0 rg BT 182.77 271.25 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 207.78 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.79 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.80 271.25 Td (present ) Tj ET Q q 0 0 0 rg BT 265.32 271.25 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 256.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 257.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 181.18 257.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 217.13 257.25 Td (per ) Tj ET Q q 0 0 0 rg BT 231.55 257.25 Td (share ) Tj ET Q q 0 0 0 rg BT 255.49 257.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 294.93 257.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 326.36 257.25 Td (items ) Tj ET Q q 0 0 0 rg BT 349.28 257.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 399.72 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.14 257.25 Td (is ) Tj ET Q q 0 0 0 rg BT 414.06 257.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 445.00 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.93 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.86 257.25 Td (net ) Tj ET Q q 0 0 0 rg BT 483.79 257.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 519.73 257.25 Td (excluding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 243.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 184.28 243.75 Td (items ) Tj ET Q q 0 0 0 rg BT 208.30 243.75 Td (on ) Tj ET Q q 0 0 0 rg BT 220.83 243.75 Td (a ) Tj ET Q q 0 0 0 rg BT 228.35 243.75 Td (per ) Tj ET Q q 0 0 0 rg BT 243.88 243.75 Td (share ) Tj ET Q q 0 0 0 rg BT 268.91 243.75 Td (basis. ) Tj ET Q q 0 0 0 rg BT 294.94 243.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 350.00 243.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 385.53 243.75 Td (that ) Tj ET Q q 0 0 0 rg BT 403.07 243.75 Td (this ) Tj ET Q q 0 0 0 rg BT 419.59 243.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 457.12 243.75 Td (is ) Tj ET Q q 0 0 0 rg BT 466.14 243.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 492.68 243.75 Td (to ) Tj ET Q q 0 0 0 rg BT 502.70 243.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 541.24 243.75 Td (as ) Tj ET Q q 0 0 0 rg BT 553.26 243.75 Td (it ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 230.25 Td (best ) Tj ET Q q 0 0 0 rg BT 171.17 230.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 202.58 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.50 230.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 264.64 230.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.57 230.25 Td (on ) Tj ET Q q 0 0 0 rg BT 329.99 230.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.40 230.25 Td (per ) Tj ET Q q 0 0 0 rg BT 352.81 230.25 Td (share ) Tj ET Q q 0 0 0 rg BT 377.73 230.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 401.15 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.57 230.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 445.99 230.25 Td (for ) Tj ET Q q 0 0 0 rg BT 458.90 230.25 Td (better ) Tj ET Q q 0 0 0 rg BT 484.32 230.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 539.74 230.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 216.75 Td (period ) Tj ET Q q 0 0 0 rg BT 178.41 216.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.55 216.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 216.69 216.75 Td (The ) Tj ET Q q 0 0 0 rg BT 233.75 216.75 Td (diluted ) Tj ET Q q 0 0 0 rg BT 261.91 216.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 298.08 216.75 Td (per ) Tj ET Q q 0 0 0 rg BT 312.72 216.75 Td (share ) Tj ET Q q 0 0 0 rg BT 336.88 216.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 372.04 216.75 Td (in ) Tj ET Q q 0 0 0 rg BT 380.68 216.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 428.85 216.75 Td (with ) Tj ET Q q 0 0 0 rg BT 446.50 216.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 468.64 216.75 Td (can ) Tj ET Q q 0 0 0 rg BT 484.79 216.75 Td (be ) Tj ET Q q 0 0 0 rg BT 496.44 216.75 Td (found ) Tj ET Q q 0 0 0 rg BT 520.60 216.75 Td (in ) Tj ET Q q 0 0 0 rg BT 529.24 216.75 Td (section ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 203.25 Td (3.8. ) Tj ET Q q 0 0 0 rg BT 168.75 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.24 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.73 203.25 Td (present ) Tj ET Q q 0 0 0 rg BT 224.74 203.25 Td (document ) Tj ET Q q 0 0 0 rg BT 266.25 203.25 Td (while ) Tj ET Q q 0 0 0 rg BT 288.74 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.24 203.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 326.24 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.24 203.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 371.74 203.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 408.25 203.25 Td (per ) Tj ET Q q 0 0 0 rg BT 423.25 203.25 Td (share ) Tj ET Q q 0 0 0 rg BT 447.74 203.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 487.76 203.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 519.75 203.25 Td (items ) Tj ET Q q 0 0 0 rg BT 543.24 203.25 Td (can ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 189.75 Td (be ) Tj ET Q q 0 0 0 rg BT 164.26 189.75 Td (found ) Tj ET Q q 0 0 0 rg BT 189.28 189.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.79 189.75 Td (section ) Tj ET Q q 0 0 0 rg BT 229.81 189.75 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 254.82 189.75 Td (of ) Tj ET Q q 0 0 0 rg BT 264.83 189.75 Td (the ) Tj ET Q q 0 0 0 rg BT 279.84 189.75 Td (present ) Tj ET Q q 0 0 0 rg BT 312.36 189.75 Td (document.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.75 168.25 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 167.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 168.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 175.25 168.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 212.26 168.25 Td (by ) Tj ET Q q 0 0 0 rg BT 224.25 168.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 264.26 168.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 301.26 168.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.75 168.25 Td (is ) Tj ET Q q 0 0 0 rg BT 317.73 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.23 168.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 362.73 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.72 168.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.22 168.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 437.24 168.25 Td (from ) Tj ET Q q 0 0 0 rg BT 457.72 168.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 499.74 168.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.23 168.25 Td (day-to-day ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 154.75 Td (business ) Tj ET Q q 0 0 0 rg BT 189.14 154.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 235.54 154.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 289.95 154.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 324.84 154.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 351.73 154.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.13 154.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.01 154.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 429.88 154.75 Td (is ) Tj ET Q q 0 0 0 rg BT 438.26 154.75 Td (indicative ) Tj ET Q q 0 0 0 rg BT 477.65 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 487.03 154.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 521.92 154.75 Td (flexibility) Tj ET Q q 0 0 0 rg BT 555.26 154.75 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 141.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 186.77 141.25 Td (us ) Tj ET Q q 0 0 0 rg BT 198.78 141.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.78 141.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 242.80 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.82 141.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 305.05 141.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 336.40 141.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 125.87 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 126.25 Td (Days ) Tj ET Q q 0 0 0 rg BT 174.09 126.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 196.93 126.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 245.30 126.25 Td (\(DSO\) ) Tj ET Q q 0 0 0 rg BT 272.63 126.25 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 323.47 126.25 Td ( ) Tj ET Q q 0 0 0 rg BT 330.31 126.25 Td (is ) Tj ET Q q 0 0 0 rg BT 338.64 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.99 126.25 Td (average ) Tj ET Q q 0 0 0 rg BT 387.34 126.25 Td (number ) Tj ET Q q 0 0 0 rg BT 419.69 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.03 126.25 Td (days ) Tj ET Q q 0 0 0 rg BT 449.87 126.25 Td (needed ) Tj ET Q q 0 0 0 rg BT 481.73 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.07 126.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 522.41 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 537.25 126.25 Td (trade ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 112.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 199.26 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.26 112.75 Td (work ) Tj ET Q q 0 0 0 rg BT 237.25 112.75 Td (in ) Tj ET Q q 0 0 0 rg BT 246.24 112.75 Td (progress ) Tj ET Q q 0 0 0 rg BT 283.24 112.75 Td (into ) Tj ET Q q 0 0 0 rg BT 299.74 112.75 Td (cash. ) Tj ET Q q 0 0 0 rg BT 323.24 112.75 Td (DSO ) Tj ET Q q 0 0 0 rg BT 344.73 112.75 Td (is ) Tj ET Q q 0 0 0 rg BT 353.21 112.75 Td (obtained ) Tj ET Q q 0 0 0 rg BT 389.73 112.75 Td (by ) Tj ET Q q 0 0 0 rg BT 401.22 112.75 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 447.23 112.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 482.74 112.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 517.25 112.75 Td (from ) Tj ET Q q 0 0 0 rg BT 537.24 112.75 Td (trade ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 99.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 190.85 99.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 234.95 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.04 99.25 Td (work ) Tj ET Q q 0 0 0 rg BT 275.12 99.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.20 99.25 Td (progress; ) Tj ET Q q 0 0 0 rg BT 325.79 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.38 99.25 Td (result ) Tj ET Q q 0 0 0 rg BT 366.46 99.25 Td (is ) Tj ET Q q 0 0 0 rg BT 376.03 99.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 407.63 99.25 Td (by ) Tj ET Q q 0 0 0 rg BT 420.21 99.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.29 99.25 Td (most ) Tj ET Q q 0 0 0 rg BT 458.87 99.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 486.96 99.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 515.81 99.25 Td () Tj ET Q q 0 0 0 rg BT 517.65 99.25 Td (s ) Tj ET Q q 0 0 0 rg BT 525.23 99.25 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 85.75 Td (over ) Tj ET Q q 0 0 0 rg BT 172.29 85.75 Td (90 ) Tj ET Q q 0 0 0 rg BT 185.34 85.75 Td (days. ) Tj ET Q q 0 0 0 rg BT 209.89 85.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 265.45 85.75 Td (tracks ) Tj ET Q q 0 0 0 rg BT 292.49 85.75 Td (this ) Tj ET Q q 0 0 0 rg BT 309.53 85.75 Td (metric ) Tj ET Q q 0 0 0 rg BT 337.07 85.75 Td (closely ) Tj ET Q q 0 0 0 rg BT 367.61 85.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.15 85.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 408.71 85.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 435.24 85.75 Td (collection ) Tj ET Q q 0 0 0 rg BT 475.80 85.75 Td (and ) Tj ET Q q 0 0 0 rg BT 493.85 85.75 Td (healthy ) Tj ET Q q 0 0 0 rg BT 525.91 85.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 555.25 85.75 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 72.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 207.22 72.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 243.17 72.25 Td (this ) Tj ET Q q 0 0 0 rg BT 260.11 72.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 298.06 72.25 Td (is ) Tj ET Q q 0 0 0 rg BT 307.50 72.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 334.45 72.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.89 72.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 383.84 72.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.28 72.25 Td (it ) Tj ET Q q 0 0 0 rg BT 403.71 72.25 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 461.18 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.62 72.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 524.29 72.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 550.24 72.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 58.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 177.75 58.75 Td (convert ) Tj ET Q q 0 0 0 rg BT 209.77 58.75 Td (its ) Tj ET Q q 0 0 0 rg BT 221.27 58.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 244.28 58.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 292.30 58.75 Td (and ) Tj ET Q q 0 0 0 rg BT 309.82 58.75 Td (work ) Tj ET Q q 0 0 0 rg BT 331.32 58.75 Td (in ) Tj ET Q q 0 0 0 rg BT 340.83 58.75 Td (progress ) Tj ET Q q 0 0 0 rg BT 378.35 58.75 Td (into ) Tj ET Q q 0 0 0 rg BT 395.36 58.75 Td (cash.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 679.55 68.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 675.55 68.00 -67.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 608.55 68.00 -81.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 527.55 68.00 -108.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 419.55 68.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 415.55 68.00 -79.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 336.55 68.00 -66.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 270.55 68.00 -80.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 190.55 68.00 -81.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 72.25 109.55 68.00 -4.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 679.55 m 72.25 675.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 679.55 m 140.25 675.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 679.55 m 140.25 679.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 679.55 m 149.25 679.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 679.55 m 561.25 675.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 679.55 m 561.25 679.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 675.55 m 72.25 608.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 675.55 m 140.25 608.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 675.55 m 140.25 608.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 675.55 m 561.25 608.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 608.55 m 72.25 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 608.55 m 140.25 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 608.55 m 140.25 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 608.55 m 561.25 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 527.55 m 72.25 419.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 527.55 m 140.25 419.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 527.55 m 140.25 419.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 527.55 m 561.25 419.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 419.54999999999995 m 72.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 419.54999999999995 m 140.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 415.54999999999995 m 140.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 415.54999999999995 m 149.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 419.54999999999995 m 561.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 415.54999999999995 m 561.25 415.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 415.54999999999995 m 72.25 336.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 415.54999999999995 m 140.25 336.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 415.54999999999995 m 140.25 336.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 415.54999999999995 m 561.25 336.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 336.54999999999995 m 72.25 270.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 336.54999999999995 m 140.25 270.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 336.54999999999995 m 140.25 270.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 336.54999999999995 m 561.25 270.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 270.54999999999995 m 72.25 190.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 270.54999999999995 m 140.25 190.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 270.54999999999995 m 140.25 190.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 270.54999999999995 m 561.25 190.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 190.54999999999995 m 72.25 109.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 190.54999999999995 m 140.25 109.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 190.54999999999995 m 140.25 109.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 190.54999999999995 m 561.25 109.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 109.54999999999995 m 72.25 105.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 109.54999999999995 m 140.25 105.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 105.54999999999995 m 140.25 105.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.25 105.54999999999995 m 149.25 105.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 561.25 109.54999999999995 m 561.25 105.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.25 105.54999999999995 m 561.25 105.54999999999995 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.75 666.50 Td (Growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 666.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 666.50 Td (Constant ) Tj ET Q q 0 0 0 rg BT 191.87 666.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 230.49 666.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 261.60 666.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 314.72 666.50 Td ( ) Tj ET Q q 0 0 0 rg BT 323.83 666.50 Td (is ) Tj ET Q q 0 0 0 rg BT 334.43 666.50 Td (a ) Tj ET Q q 0 0 0 rg BT 343.53 666.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 382.65 666.50 Td (of ) Tj ET Q q 0 0 0 rg BT 394.26 666.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 430.88 666.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 462.00 666.50 Td (before ) Tj ET Q q 0 0 0 rg BT 491.62 666.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.24 666.50 Td (currency ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 653.00 Td (translation ) Tj ET Q q 0 0 0 rg BT 195.27 653.00 Td (impacts. ) Tj ET Q q 0 0 0 rg BT 230.73 653.00 Td (This ) Tj ET Q q 0 0 0 rg BT 249.64 653.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 278.65 653.00 Td (is ) Tj ET Q q 0 0 0 rg BT 287.15 653.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 329.67 653.00 Td (by ) Tj ET Q q 0 0 0 rg BT 341.17 653.00 Td (translating ) Tj ET Q q 0 0 0 rg BT 384.69 653.00 Td (current ) Tj ET Q q 0 0 0 rg BT 414.70 653.00 Td (period ) Tj ET Q q 0 0 0 rg BT 441.71 653.00 Td (results ) Tj ET Q q 0 0 0 rg BT 470.22 653.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.22 653.00 Td (local ) Tj ET Q q 0 0 0 rg BT 499.72 653.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 536.23 653.00 Td (using ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.65 639.50 Td (conversion ) Tj ET Q q 0 0 0 rg BT 212.57 639.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 234.97 639.50 Td (in ) Tj ET Q q 0 0 0 rg BT 244.37 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.27 639.50 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 302.70 639.50 Td (period ) Tj ET Q q 0 0 0 rg BT 330.11 639.50 Td (from ) Tj ET Q q 0 0 0 rg BT 350.50 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 365.41 639.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 385.81 639.50 Td (year) Tj ET Q q 0 0 0 rg BT 403.06 639.50 Td (. ) Tj ET Q q 0 0 0 rg BT 407.71 639.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 462.64 639.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 498.05 639.50 Td (that ) Tj ET Q q 0 0 0 rg BT 515.45 639.50 Td (it ) Tj ET Q q 0 0 0 rg BT 522.35 639.50 Td (is ) Tj ET Q q 0 0 0 rg BT 531.24 639.50 Td (helpful ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 626.00 Td (to ) Tj ET Q q 0 0 0 rg BT 160.93 626.00 Td (adjust ) Tj ET Q q 0 0 0 rg BT 186.62 626.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 220.82 626.00 Td (to ) Tj ET Q q 0 0 0 rg BT 230.01 626.00 Td (exclude ) Tj ET Q q 0 0 0 rg BT 262.70 626.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.89 626.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 305.08 626.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.26 626.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 350.44 626.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 397.65 626.00 Td (to ) Tj ET Q q 0 0 0 rg BT 406.83 626.00 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 441.52 626.00 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 506.73 626.00 Td (comparisons ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 612.50 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 612.50 Td (business ) Tj ET Q q 0 0 0 rg BT 199.78 612.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 252.80 612.50 Td (and ) Tj ET Q q 0 0 0 rg BT 270.32 612.50 Td (that ) Tj ET Q q 0 0 0 rg BT 287.83 612.50 Td (this ) Tj ET Q q 0 0 0 rg BT 304.34 612.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 341.85 612.50 Td (is ) Tj ET Q q 0 0 0 rg BT 350.85 612.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 377.37 612.50 Td (to ) Tj ET Q q 0 0 0 rg BT 387.38 612.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 425.89 612.50 Td (for ) Tj ET Q q 0 0 0 rg BT 438.89 612.50 Td (the ) Tj ET Q q 0 0 0 rg BT 453.90 612.50 Td (same ) Tj ET Q q 0 0 0 rg BT 478.41 612.50 Td (reason.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 599.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 599.50 Td (Backlog ) Tj ET Q q 0 0 0 rg BT 186.52 599.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 238.30 599.50 Td ( ) Tj ET Q q 0 0 0 rg BT 246.06 599.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 281.83 599.50 Td (new ) Tj ET Q q 0 0 0 rg BT 301.10 599.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 335.87 599.50 Td (wins, ) Tj ET Q q 0 0 0 rg BT 359.13 599.50 Td (extensions ) Tj ET Q q 0 0 0 rg BT 404.91 599.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.69 599.50 Td (renewals ) Tj ET Q q 0 0 0 rg BT 461.46 599.50 Td (\(bookings ) Tj ET Q q 0 0 0 rg BT 503.24 599.50 Td (\(non-GAAP\)\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 586.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 187.36 586.00 Td (for ) Tj ET Q q 0 0 0 rg BT 199.44 586.00 Td (the ) Tj ET Q q 0 0 0 rg BT 213.53 586.00 Td (backlog ) Tj ET Q q 0 0 0 rg BT 246.13 586.00 Td (consumed ) Tj ET Q q 0 0 0 rg BT 289.24 586.00 Td (during ) Tj ET Q q 0 0 0 rg BT 315.83 586.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.93 586.00 Td (period ) Tj ET Q q 0 0 0 rg BT 356.52 586.00 Td (as ) Tj ET Q q 0 0 0 rg BT 367.61 586.00 Td (a ) Tj ET Q q 0 0 0 rg BT 374.19 586.00 Td (result ) Tj ET Q q 0 0 0 rg BT 397.78 586.00 Td (of ) Tj ET Q q 0 0 0 rg BT 406.87 586.00 Td (client ) Tj ET Q q 0 0 0 rg BT 429.46 586.00 Td (work ) Tj ET Q q 0 0 0 rg BT 450.04 586.00 Td (performed ) Tj ET Q q 0 0 0 rg BT 492.64 586.00 Td (and ) Tj ET Q q 0 0 0 rg BT 509.24 586.00 Td (adjustments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 572.50 Td (related ) Tj ET Q q 0 0 0 rg BT 181.05 572.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.35 572.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.64 572.50 Td (volume, ) Tj ET Q q 0 0 0 rg BT 237.94 572.50 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 287.26 572.50 Td (and ) Tj ET Q q 0 0 0 rg BT 304.06 572.50 Td (the ) Tj ET Q q 0 0 0 rg BT 318.36 572.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 346.65 572.50 Td (of ) Tj ET Q q 0 0 0 rg BT 355.95 572.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 385.25 572.50 Td (currencies ) Tj ET Q q 0 0 0 rg BT 428.55 572.50 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 572.50 Td (our ) Tj ET Q q 0 0 0 rg BT 452.64 572.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 484.94 572.50 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 525.74 572.50 Td (Backlog ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 559.00 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 203.43 559.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 244.09 559.00 Td (from ) Tj ET Q q 0 0 0 rg BT 264.24 559.00 Td (management ) Tj ET Q q 0 0 0 rg BT 318.92 559.00 Td (that ) Tj ET Q q 0 0 0 rg BT 336.08 559.00 Td (are ) Tj ET Q q 0 0 0 rg BT 351.24 559.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.91 559.00 Td (to ) Tj ET Q q 0 0 0 rg BT 391.56 559.00 Td (change. ) Tj ET Q q 0 0 0 rg BT 425.74 559.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 480.42 559.00 Td (tracks ) Tj ET Q q 0 0 0 rg BT 506.58 559.00 Td (this ) Tj ET Q q 0 0 0 rg BT 522.73 559.00 Td (measure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 545.50 Td (as ) Tj ET Q q 0 0 0 rg BT 163.22 545.50 Td (it ) Tj ET Q q 0 0 0 rg BT 169.68 545.50 Td (is ) Tj ET Q q 0 0 0 rg BT 178.15 545.50 Td (a ) Tj ET Q q 0 0 0 rg BT 185.12 545.50 Td (key ) Tj ET Q q 0 0 0 rg BT 201.09 545.50 Td (indicator ) Tj ET Q q 0 0 0 rg BT 237.07 545.50 Td (of ) Tj ET Q q 0 0 0 rg BT 246.54 545.50 Td (our ) Tj ET Q q 0 0 0 rg BT 261.51 545.50 Td (best ) Tj ET Q q 0 0 0 rg BT 280.49 545.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 316.47 545.50 Td (of ) Tj ET Q q 0 0 0 rg BT 325.94 545.50 Td (contracted ) Tj ET Q q 0 0 0 rg BT 369.93 545.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 404.41 545.50 Td (to ) Tj ET Q q 0 0 0 rg BT 413.88 545.50 Td (be ) Tj ET Q q 0 0 0 rg BT 425.86 545.50 Td (realized ) Tj ET Q q 0 0 0 rg BT 459.34 545.50 Td (in ) Tj ET Q q 0 0 0 rg BT 468.31 545.50 Td (the ) Tj ET Q q 0 0 0 rg BT 482.79 545.50 Td (future ) Tj ET Q q 0 0 0 rg BT 507.76 545.50 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 545.50 Td (believes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 532.00 Td (that ) Tj ET Q q 0 0 0 rg BT 169.26 532.00 Td (this ) Tj ET Q q 0 0 0 rg BT 185.77 532.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 223.28 532.00 Td (is ) Tj ET Q q 0 0 0 rg BT 232.28 532.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 258.80 532.00 Td (to ) Tj ET Q q 0 0 0 rg BT 268.81 532.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 307.32 532.00 Td (for ) Tj ET Q q 0 0 0 rg BT 320.32 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 335.34 532.00 Td (same ) Tj ET Q q 0 0 0 rg BT 359.84 532.00 Td (reason.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 518.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 518.50 Td (Book-to-bill ) Tj ET Q q 0 0 0 rg BT 198.51 518.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 217.75 518.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 268.51 518.50 Td ( ) Tj ET Q q 0 0 0 rg BT 275.25 518.50 Td (is ) Tj ET Q q 0 0 0 rg BT 283.49 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 290.23 518.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 326.99 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.23 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 350.48 518.50 Td (proportion ) Tj ET Q q 0 0 0 rg BT 392.75 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 401.99 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.24 518.50 Td (value ) Tj ET Q q 0 0 0 rg BT 439.50 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 448.74 518.50 Td (our ) Tj ET Q q 0 0 0 rg BT 463.49 518.50 Td (bookings ) Tj ET Q q 0 0 0 rg BT 501.25 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 510.50 518.50 Td (our ) Tj ET Q q 0 0 0 rg BT 525.25 518.50 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 505.00 Td (in ) Tj ET Q q 0 0 0 rg BT 161.32 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 176.39 505.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 206.38 505.00 Td (This ) Tj ET Q q 0 0 0 rg BT 225.87 505.00 Td (metric ) Tj ET Q q 0 0 0 rg BT 252.93 505.00 Td (allows ) Tj ET Q q 0 0 0 rg BT 280.50 505.00 Td (management ) Tj ET Q q 0 0 0 rg BT 335.59 505.00 Td (to ) Tj ET Q q 0 0 0 rg BT 345.66 505.00 Td (monitor ) Tj ET Q q 0 0 0 rg BT 378.23 505.00 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 505.00 Td (Company) Tj ET Q q 0 0 0 rg BT 433.74 505.00 Td (s ) Tj ET Q q 0 0 0 rg BT 440.72 505.00 Td (business ) Tj ET Q q 0 0 0 rg BT 478.80 505.00 Td (development ) Tj ET Q q 0 0 0 rg BT 532.90 505.00 Td (ef) Tj ET Q q 0 0 0 rg BT 540.32 505.00 Td (forts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 491.50 Td (to ) Tj ET Q q 0 0 0 rg BT 161.34 491.50 Td (ensure ) Tj ET Q q 0 0 0 rg BT 190.94 491.50 Td (we ) Tj ET Q q 0 0 0 rg BT 204.52 491.50 Td (grow ) Tj ET Q q 0 0 0 rg BT 226.11 491.50 Td (our ) Tj ET Q q 0 0 0 rg BT 241.20 491.50 Td (backlog ) Tj ET Q q 0 0 0 rg BT 274.30 491.50 Td (and ) Tj ET Q q 0 0 0 rg BT 291.40 491.50 Td (our ) Tj ET Q q 0 0 0 rg BT 306.48 491.50 Td (business ) Tj ET Q q 0 0 0 rg BT 344.09 491.50 Td (over ) Tj ET Q q 0 0 0 rg BT 363.67 491.50 Td (time ) Tj ET Q q 0 0 0 rg BT 382.76 491.50 Td (and ) Tj ET Q q 0 0 0 rg BT 399.85 491.50 Td (management ) Tj ET Q q 0 0 0 rg BT 454.47 491.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 489.57 491.50 Td (that ) Tj ET Q q 0 0 0 rg BT 506.66 491.50 Td (this ) Tj ET Q q 0 0 0 rg BT 522.75 491.50 Td (measure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 478.00 Td (is ) Tj ET Q q 0 0 0 rg BT 160.79 478.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 187.34 478.00 Td (to ) Tj ET Q q 0 0 0 rg BT 197.38 478.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 235.93 478.00 Td (for ) Tj ET Q q 0 0 0 rg BT 248.97 478.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 478.00 Td (same ) Tj ET Q q 0 0 0 rg BT 288.57 478.00 Td (reason. ) Tj ET Q q 0 0 0 rg BT 321.12 478.00 Td (Management's ) Tj ET Q q 0 0 0 rg BT 382.41 478.00 Td (objective ) Tj ET Q q 0 0 0 rg BT 420.47 478.00 Td (is ) Tj ET Q q 0 0 0 rg BT 429.50 478.00 Td (to ) Tj ET Q q 0 0 0 rg BT 439.55 478.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 476.10 478.00 Td (a ) Tj ET Q q 0 0 0 rg BT 483.65 478.00 Td (target ) Tj ET Q q 0 0 0 rg BT 509.20 478.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 529.24 478.00 Td (greater ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 464.50 Td (than ) Tj ET Q q 0 0 0 rg BT 172.23 464.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 198.21 464.50 Td (over ) Tj ET Q q 0 0 0 rg BT 218.69 464.50 Td (a ) Tj ET Q q 0 0 0 rg BT 226.66 464.50 Td (trailing ) Tj ET Q q 0 0 0 rg BT 256.13 464.50 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 312.62 464.50 Td (period. ) Tj ET Q q 0 0 0 rg BT 343.10 464.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 398.60 464.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 434.58 464.50 Td (that ) Tj ET Q q 0 0 0 rg BT 452.56 464.50 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 497.54 464.50 Td (the ) Tj ET Q q 0 0 0 rg BT 513.02 464.50 Td (Company's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 451.00 Td (bookings ) Tj ET Q q 0 0 0 rg BT 190.01 451.00 Td (over ) Tj ET Q q 0 0 0 rg BT 209.76 451.00 Td (a ) Tj ET Q q 0 0 0 rg BT 217.00 451.00 Td (longer ) Tj ET Q q 0 0 0 rg BT 244.26 451.00 Td (period ) Tj ET Q q 0 0 0 rg BT 271.51 451.00 Td (is ) Tj ET Q q 0 0 0 rg BT 280.25 451.00 Td (a ) Tj ET Q q 0 0 0 rg BT 287.50 451.00 Td (more ) Tj ET Q q 0 0 0 rg BT 310.24 451.00 Td (representative ) Tj ET Q q 0 0 0 rg BT 369.51 451.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 406.76 451.00 Td (as ) Tj ET Q q 0 0 0 rg BT 418.50 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 433.25 451.00 Td (services ) Tj ET Q q 0 0 0 rg BT 468.50 451.00 Td (and ) Tj ET Q q 0 0 0 rg BT 485.75 451.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 520.00 451.00 Td (type, ) Tj ET Q q 0 0 0 rg BT 541.75 451.00 Td (size ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 437.50 Td (and ) Tj ET Q q 0 0 0 rg BT 169.19 437.50 Td (timing ) Tj ET Q q 0 0 0 rg BT 195.62 437.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.55 437.50 Td (bookings ) Tj ET Q q 0 0 0 rg BT 244.00 437.50 Td (could ) Tj ET Q q 0 0 0 rg BT 267.95 437.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 294.39 437.50 Td (this ) Tj ET Q q 0 0 0 rg BT 310.82 437.50 Td (measurement ) Tj ET Q q 0 0 0 rg BT 368.27 437.50 Td (to ) Tj ET Q q 0 0 0 rg BT 378.20 437.50 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 414.64 437.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 463.59 437.50 Td (if ) Tj ET Q q 0 0 0 rg BT 470.51 437.50 Td (taken ) Tj ET Q q 0 0 0 rg BT 494.95 437.50 Td (for ) Tj ET Q q 0 0 0 rg BT 507.88 437.50 Td (only ) Tj ET Q q 0 0 0 rg BT 526.82 437.50 Td (a ) Tj ET Q q 0 0 0 rg BT 534.25 437.50 Td (three-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 424.00 Td (month ) Tj ET Q q 0 0 0 rg BT 179.26 424.00 Td (period.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.75 406.50 Td (Capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.75 393.00 Td (Structure) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 406.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 406.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 168.01 406.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 187.78 406.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 239.05 406.50 Td ( ) Tj ET Q q 0 0 0 rg BT 246.30 406.50 Td (is ) Tj ET Q q 0 0 0 rg BT 255.06 406.50 Td (obtained ) Tj ET Q q 0 0 0 rg BT 291.84 406.50 Td (by ) Tj ET Q q 0 0 0 rg BT 303.60 406.50 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 349.88 406.50 Td (from ) Tj ET Q q 0 0 0 rg BT 370.13 406.50 Td (our ) Tj ET Q q 0 0 0 rg BT 385.39 406.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 405.16 406.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.43 406.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 446.19 406.50 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 484.96 406.50 Td (our ) Tj ET Q q 0 0 0 rg BT 500.22 406.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 521.48 406.50 Td (and ) Tj ET Q q 0 0 0 rg BT 538.75 406.50 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 393.00 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 201.06 393.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 243.34 393.00 Td (investments, ) Tj ET Q q 0 0 0 rg BT 295.14 393.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 334.43 393.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 383.73 393.00 Td (and ) Tj ET Q q 0 0 0 rg BT 400.02 393.00 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 437.32 393.00 Td (for ) Tj ET Q q 0 0 0 rg BT 449.10 393.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.88 393.00 Td (value ) Tj ET Q q 0 0 0 rg BT 485.68 393.00 Td (of ) Tj ET Q q 0 0 0 rg BT 494.46 393.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.25 393.00 Td (currency ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 379.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 193.43 379.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.62 379.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 279.30 379.50 Td (related ) Tj ET Q q 0 0 0 rg BT 309.98 379.50 Td (to ) Tj ET Q q 0 0 0 rg BT 320.65 379.50 Td (debt. ) Tj ET Q q 0 0 0 rg BT 343.83 379.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 399.53 379.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 421.71 379.50 Td (the ) Tj ET Q q 0 0 0 rg BT 437.38 379.50 Td (net ) Tj ET Q q 0 0 0 rg BT 453.06 379.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 473.74 379.50 Td (metric ) Tj ET Q q 0 0 0 rg BT 501.40 379.50 Td (to ) Tj ET Q q 0 0 0 rg BT 512.07 379.50 Td (monitor ) Tj ET Q q 0 0 0 rg BT 545.25 379.50 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 366.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 199.43 366.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 235.39 366.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 272.85 366.00 Td (and ) Tj ET Q q 0 0 0 rg BT 290.81 366.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 326.77 366.00 Td (that ) Tj ET Q q 0 0 0 rg BT 344.72 366.00 Td (this ) Tj ET Q q 0 0 0 rg BT 361.66 366.00 Td (metric ) Tj ET Q q 0 0 0 rg BT 389.10 366.00 Td (is ) Tj ET Q q 0 0 0 rg BT 398.54 366.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 425.50 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 435.94 366.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 474.90 366.00 Td (as ) Tj ET Q q 0 0 0 rg BT 487.34 366.00 Td (it ) Tj ET Q q 0 0 0 rg BT 494.78 366.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 531.74 366.00 Td (insight ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 352.50 Td (into ) Tj ET Q q 0 0 0 rg BT 168.30 352.50 Td (its ) Tj ET Q q 0 0 0 rg BT 179.34 352.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.40 352.50 Td (strength. ) Tj ET Q q 0 0 0 rg BT 251.30 352.50 Td (A) Tj ET Q q 0 0 0 rg BT 256.81 352.50 Td ( ) Tj ET Q q 0 0 0 rg BT 258.60 352.50 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 313.17 352.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.71 352.50 Td (net ) Tj ET Q q 0 0 0 rg BT 337.26 352.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 356.82 352.50 Td (to ) Tj ET Q q 0 0 0 rg BT 366.36 352.50 Td (its ) Tj ET Q q 0 0 0 rg BT 377.40 352.50 Td (closest ) Tj ET Q q 0 0 0 rg BT 407.45 352.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 429.99 352.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 467.04 352.50 Td (can ) Tj ET Q q 0 0 0 rg BT 483.59 352.50 Td (be ) Tj ET Q q 0 0 0 rg BT 495.64 352.50 Td (found ) Tj ET Q q 0 0 0 rg BT 520.20 352.50 Td (in ) Tj ET Q q 0 0 0 rg BT 529.25 352.50 Td (section ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 339.00 Td (4.5. ) Tj ET Q q 0 0 0 rg BT 169.26 339.00 Td (of ) Tj ET Q q 0 0 0 rg BT 179.27 339.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.28 339.00 Td (present ) Tj ET Q q 0 0 0 rg BT 226.80 339.00 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 327.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 327.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 167.24 327.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 186.25 327.50 Td (to ) Tj ET Q q 0 0 0 rg BT 195.24 327.50 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 248.76 327.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 267.75 327.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 318.26 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 324.75 327.50 Td (is ) Tj ET Q q 0 0 0 rg BT 332.74 327.50 Td (a ) Tj ET Q q 0 0 0 rg BT 339.23 327.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 375.73 327.50 Td (of ) Tj ET Q q 0 0 0 rg BT 384.73 327.50 Td (our ) Tj ET Q q 0 0 0 rg BT 399.22 327.50 Td (level ) Tj ET Q q 0 0 0 rg BT 419.22 327.50 Td (of ) Tj ET Q q 0 0 0 rg BT 428.21 327.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.72 327.50 Td (leverage ) Tj ET Q q 0 0 0 rg BT 498.73 327.50 Td (and ) Tj ET Q q 0 0 0 rg BT 515.23 327.50 Td (is ) Tj ET Q q 0 0 0 rg BT 523.22 327.50 Td (obtained ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 314.00 Td (by ) Tj ET Q q 0 0 0 rg BT 163.62 314.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 196.50 314.00 Td (the ) Tj ET Q q 0 0 0 rg BT 211.37 314.00 Td (net ) Tj ET Q q 0 0 0 rg BT 226.25 314.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.13 314.00 Td (by ) Tj ET Q q 0 0 0 rg BT 257.99 314.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.87 314.00 Td (sum ) Tj ET Q q 0 0 0 rg BT 292.23 314.00 Td (of ) Tj ET Q q 0 0 0 rg BT 302.10 314.00 Td (shareholder's ) Tj ET Q q 0 0 0 rg BT 358.21 314.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 384.59 314.00 Td (and ) Tj ET Q q 0 0 0 rg BT 401.97 314.00 Td (debt. ) Tj ET Q q 0 0 0 rg BT 424.35 314.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 479.24 314.00 Td (uses ) Tj ET Q q 0 0 0 rg BT 500.62 314.00 Td (the ) Tj ET Q q 0 0 0 rg BT 515.49 314.00 Td (net ) Tj ET Q q 0 0 0 rg BT 530.36 314.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 550.24 314.00 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 300.50 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 207.71 300.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 229.16 300.50 Td (to ) Tj ET Q q 0 0 0 rg BT 240.60 300.50 Td (monitor ) Tj ET Q q 0 0 0 rg BT 274.54 300.50 Td (the ) Tj ET Q q 0 0 0 rg BT 290.98 300.50 Td (proportion ) Tj ET Q q 0 0 0 rg BT 335.44 300.50 Td (of ) Tj ET Q q 0 0 0 rg BT 346.88 300.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.33 300.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 398.78 300.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 428.72 300.50 Td (used ) Tj ET Q q 0 0 0 rg BT 452.17 300.50 Td (to ) Tj ET Q q 0 0 0 rg BT 463.61 300.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 496.57 300.50 Td (the ) Tj ET Q q 0 0 0 rg BT 513.01 300.50 Td (Company's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 287.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 195.33 287.00 Td (and ) Tj ET Q q 0 0 0 rg BT 211.90 287.00 Td (to ) Tj ET Q q 0 0 0 rg BT 220.96 287.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 250.52 287.00 Td (its ) Tj ET Q q 0 0 0 rg BT 261.08 287.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.65 287.00 Td (strength. ) Tj ET Q q 0 0 0 rg BT 332.23 287.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 386.31 287.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 420.88 287.00 Td (that ) Tj ET Q q 0 0 0 rg BT 437.45 287.00 Td (this ) Tj ET Q q 0 0 0 rg BT 453.01 287.00 Td (metric ) Tj ET Q q 0 0 0 rg BT 479.06 287.00 Td (is ) Tj ET Q q 0 0 0 rg BT 487.11 287.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 512.68 287.00 Td (to ) Tj ET Q q 0 0 0 rg BT 521.74 287.00 Td (investors ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 273.50 Td (for ) Tj ET Q q 0 0 0 rg BT 164.75 273.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.77 273.50 Td (same ) Tj ET Q q 0 0 0 rg BT 204.27 273.50 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 261.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 261.50 Td (Return ) Tj ET Q q 0 0 0 rg BT 181.64 261.50 Td (on ) Tj ET Q q 0 0 0 rg BT 194.53 261.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 221.43 261.50 Td (\(ROE\) ) Tj ET Q q 0 0 0 rg BT 249.80 261.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 301.70 261.50 Td ( ) Tj ET Q q 0 0 0 rg BT 309.58 261.50 Td (is ) Tj ET Q q 0 0 0 rg BT 318.96 261.50 Td (a ) Tj ET Q q 0 0 0 rg BT 326.85 261.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 364.74 261.50 Td (of ) Tj ET Q q 0 0 0 rg BT 375.12 261.50 Td (the ) Tj ET Q q 0 0 0 rg BT 390.51 261.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.90 261.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.29 261.50 Td (return ) Tj ET Q q 0 0 0 rg BT 445.68 261.50 Td (on ) Tj ET Q q 0 0 0 rg BT 458.57 261.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.96 261.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 517.86 261.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 550.25 261.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 248.00 Td (our ) Tj ET Q q 0 0 0 rg BT 167.05 248.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 221.38 248.00 Td (and ) Tj ET Q q 0 0 0 rg BT 238.68 248.00 Td (is ) Tj ET Q q 0 0 0 rg BT 247.48 248.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 290.30 248.00 Td (as ) Tj ET Q q 0 0 0 rg BT 302.09 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.90 248.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 359.72 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 369.52 248.00 Td (net ) Tj ET Q q 0 0 0 rg BT 384.32 248.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 421.14 248.00 Td (for ) Tj ET Q q 0 0 0 rg BT 433.93 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 448.74 248.00 Td (last ) Tj ET Q q 0 0 0 rg BT 465.04 248.00 Td (12 ) Tj ET Q q 0 0 0 rg BT 477.34 248.00 Td (months ) Tj ET Q q 0 0 0 rg BT 509.15 248.00 Td (over ) Tj ET Q q 0 0 0 rg BT 528.95 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 543.75 248.00 Td (last ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 234.50 Td (four ) Tj ET Q q 0 0 0 rg BT 170.85 234.50 Td (quarters' ) Tj ET Q q 0 0 0 rg BT 209.18 234.50 Td (average ) Tj ET Q q 0 0 0 rg BT 245.30 234.50 Td (shareholder's ) Tj ET Q q 0 0 0 rg BT 302.64 234.50 Td (equity) Tj ET Q q 0 0 0 rg BT 326.32 234.50 Td (. ) Tj ET Q q 0 0 0 rg BT 332.08 234.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 388.21 234.50 Td (looks ) Tj ET Q q 0 0 0 rg BT 412.81 234.50 Td (at ) Tj ET Q q 0 0 0 rg BT 423.91 234.50 Td (ROE ) Tj ET Q q 0 0 0 rg BT 447.01 234.50 Td (to ) Tj ET Q q 0 0 0 rg BT 458.10 234.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 496.71 234.50 Td (its ) Tj ET Q q 0 0 0 rg BT 509.31 234.50 Td (ef) Tj ET Q q 0 0 0 rg BT 516.73 234.50 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 550.25 234.50 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 221.00 Td (generating ) Tj ET Q q 0 0 0 rg BT 196.67 221.00 Td (net ) Tj ET Q q 0 0 0 rg BT 211.57 221.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 248.48 221.00 Td (for ) Tj ET Q q 0 0 0 rg BT 261.38 221.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.27 221.00 Td (Company) Tj ET Q q 0 0 0 rg BT 316.71 221.00 Td (s ) Tj ET Q q 0 0 0 rg BT 323.52 221.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 377.94 221.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.34 221.00 Td (how ) Tj ET Q q 0 0 0 rg BT 414.24 221.00 Td (well ) Tj ET Q q 0 0 0 rg BT 432.13 221.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.03 221.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 487.94 221.00 Td (uses ) Tj ET Q q 0 0 0 rg BT 509.34 221.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.24 221.00 Td (invested ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 207.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 175.87 207.50 Td (to ) Tj ET Q q 0 0 0 rg BT 185.48 207.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 223.12 207.50 Td (net ) Tj ET Q q 0 0 0 rg BT 237.73 207.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 274.36 207.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 303.48 207.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.60 207.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 355.73 207.50 Td (that ) Tj ET Q q 0 0 0 rg BT 372.84 207.50 Td (this ) Tj ET Q q 0 0 0 rg BT 388.95 207.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 426.07 207.50 Td (is ) Tj ET Q q 0 0 0 rg BT 434.68 207.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 460.80 207.50 Td (to ) Tj ET Q q 0 0 0 rg BT 470.41 207.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 508.53 207.50 Td (for ) Tj ET Q q 0 0 0 rg BT 521.14 207.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.75 207.50 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 194.00 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 181.12 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 181.50 Td (Return ) Tj ET Q q 0 0 0 rg BT 180.94 181.50 Td (on ) Tj ET Q q 0 0 0 rg BT 193.13 181.50 Td (invested ) Tj ET Q q 0 0 0 rg BT 228.83 181.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 257.02 181.50 Td (\(ROIC\) ) Tj ET Q q 0 0 0 rg BT 287.69 181.50 Td (\(non-GAAP\) ) Tj ET Q q 0 0 0 rg BT 338.88 181.50 Td ( ) Tj ET Q q 0 0 0 rg BT 346.06 181.50 Td (is ) Tj ET Q q 0 0 0 rg BT 354.74 181.50 Td (a ) Tj ET Q q 0 0 0 rg BT 361.92 181.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 399.12 181.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.80 181.50 Td (the ) Tj ET Q q 0 0 0 rg BT 423.49 181.50 Td (Company) Tj ET Q q 0 0 0 rg BT 463.84 181.50 Td (s ) Tj ET Q q 0 0 0 rg BT 470.52 181.50 Td (ef) Tj ET Q q 0 0 0 rg BT 477.86 181.50 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 510.05 181.50 Td (at ) Tj ET Q q 0 0 0 rg BT 519.73 181.50 Td (allocating ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 165.69 168.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.13 168.00 Td (under ) Tj ET Q q 0 0 0 rg BT 217.58 168.00 Td (its ) Tj ET Q q 0 0 0 rg BT 228.00 168.00 Td (control ) Tj ET Q q 0 0 0 rg BT 256.44 168.00 Td (to ) Tj ET Q q 0 0 0 rg BT 265.38 168.00 Td (profitable ) Tj ET Q q 0 0 0 rg BT 303.83 168.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 353.28 168.00 Td (and ) Tj ET Q q 0 0 0 rg BT 369.72 168.00 Td (is ) Tj ET Q q 0 0 0 rg BT 377.65 168.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 419.60 168.00 Td (as ) Tj ET Q q 0 0 0 rg BT 430.53 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.47 168.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 486.42 168.00 Td (of ) Tj ET Q q 0 0 0 rg BT 495.36 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 509.30 168.00 Td (net ) Tj ET Q q 0 0 0 rg BT 523.23 168.00 Td (earnings ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 154.50 Td (excluding ) Tj ET Q q 0 0 0 rg BT 191.84 154.50 Td (net ) Tj ET Q q 0 0 0 rg BT 206.42 154.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 237.51 154.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 260.58 154.50 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 295.66 154.50 Td (for ) Tj ET Q q 0 0 0 rg BT 308.23 154.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.81 154.50 Td (last ) Tj ET Q q 0 0 0 rg BT 338.88 154.50 Td (12 ) Tj ET Q q 0 0 0 rg BT 350.96 154.50 Td (months, ) Tj ET Q q 0 0 0 rg BT 385.04 154.50 Td (over ) Tj ET Q q 0 0 0 rg BT 404.61 154.50 Td (the ) Tj ET Q q 0 0 0 rg BT 419.19 154.50 Td (last ) Tj ET Q q 0 0 0 rg BT 435.26 154.50 Td (four ) Tj ET Q q 0 0 0 rg BT 452.84 154.50 Td (quarters' ) Tj ET Q q 0 0 0 rg BT 489.64 154.50 Td (average ) Tj ET Q q 0 0 0 rg BT 524.23 154.50 Td (invested ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 141.00 Td (capital, ) Tj ET Q q 0 0 0 rg BT 182.92 141.00 Td (which ) Tj ET Q q 0 0 0 rg BT 208.59 141.00 Td (is ) Tj ET Q q 0 0 0 rg BT 217.75 141.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 249.93 141.00 Td (as ) Tj ET Q q 0 0 0 rg BT 262.09 141.00 Td (the ) Tj ET Q q 0 0 0 rg BT 277.26 141.00 Td (sum ) Tj ET Q q 0 0 0 rg BT 296.92 141.00 Td (of ) Tj ET Q q 0 0 0 rg BT 307.08 141.00 Td (shareholder's' ) Tj ET Q q 0 0 0 rg BT 365.21 141.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 391.88 141.00 Td (and ) Tj ET Q q 0 0 0 rg BT 409.55 141.00 Td (net ) Tj ET Q q 0 0 0 rg BT 424.72 141.00 Td (debt. ) Tj ET Q q 0 0 0 rg BT 447.39 141.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 502.58 141.00 Td (examines ) Tj ET Q q 0 0 0 rg BT 543.76 141.00 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 127.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 171.56 127.50 Td (to ) Tj ET Q q 0 0 0 rg BT 181.37 127.50 Td (assess ) Tj ET Q q 0 0 0 rg BT 211.69 127.50 Td (how ) Tj ET Q q 0 0 0 rg BT 230.51 127.50 Td (well ) Tj ET Q q 0 0 0 rg BT 248.31 127.50 Td (it ) Tj ET Q q 0 0 0 rg BT 255.12 127.50 Td (is ) Tj ET Q q 0 0 0 rg BT 263.92 127.50 Td (using ) Tj ET Q q 0 0 0 rg BT 287.75 127.50 Td (its ) Tj ET Q q 0 0 0 rg BT 299.05 127.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 323.37 127.50 Td (to ) Tj ET Q q 0 0 0 rg BT 333.18 127.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 371.02 127.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 401.33 127.50 Td (and ) Tj ET Q q 0 0 0 rg BT 418.66 127.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 453.98 127.50 Td (that ) Tj ET Q q 0 0 0 rg BT 471.30 127.50 Td (this ) Tj ET Q q 0 0 0 rg BT 487.61 127.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 524.93 127.50 Td (is ) Tj ET Q q 0 0 0 rg BT 533.73 127.50 Td (useful ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.75 114.00 Td (to ) Tj ET Q q 0 0 0 rg BT 161.76 114.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 200.27 114.00 Td (for ) Tj ET Q q 0 0 0 rg BT 213.27 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.29 114.00 Td (same ) Tj ET Q q 0 0 0 rg BT 252.79 114.00 Td (reason.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 706.80 Td (Change ) Tj ET Q q 0 0 0 rg BT 119.34 706.80 Td (in ) Tj ET Q q 0 0 0 rg BT 133.34 706.80 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 193.33 706.80 Td (Segments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 687.30 Td (Ef) Tj ET Q q 0 0 0 rg BT 79.84 687.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 108.79 687.30 Td (October ) Tj ET Q q 0 0 0 rg BT 143.74 687.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 154.18 687.30 Td (2019, ) Tj ET Q q 0 0 0 rg BT 179.64 687.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.09 687.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 236.55 687.30 Td (realigned ) Tj ET Q q 0 0 0 rg BT 276.51 687.30 Td (its ) Tj ET Q q 0 0 0 rg BT 288.45 687.30 Td (management ) Tj ET Q q 0 0 0 rg BT 343.92 687.30 Td (structure, ) Tj ET Q q 0 0 0 rg BT 384.37 687.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 421.33 687.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 458.26 687.30 Td (in ) Tj ET Q q 0 0 0 rg BT 468.21 687.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.66 687.30 Td (creation ) Tj ET Q q 0 0 0 rg BT 518.61 687.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.05 687.30 Td (two ) Tj ET Q q 0 0 0 rg BT 546.00 687.30 Td (new ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 673.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 110.62 673.80 Td (segments, ) Tj ET Q q 0 0 0 rg BT 153.73 673.80 Td (namely ) Tj ET Q q 0 0 0 rg BT 184.33 673.80 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 234.95 673.80 Td (\(Sweden, ) Tj ET Q q 0 0 0 rg BT 274.56 673.80 Td (Denmark ) Tj ET Q q 0 0 0 rg BT 312.66 673.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.26 673.80 Td (Norway\) ) Tj ET Q q 0 0 0 rg BT 364.35 673.80 Td (and ) Tj ET Q q 0 0 0 rg BT 380.96 673.80 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 414.57 673.80 Td (Poland ) Tj ET Q q 0 0 0 rg BT 444.18 673.80 Td (and ) Tj ET Q q 0 0 0 rg BT 460.78 673.80 Td (Baltics, ) Tj ET Q q 0 0 0 rg BT 491.38 673.80 Td (collectively ) Tj ET Q q 0 0 0 rg BT 536.48 673.80 Td (known ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 660.30 Td (as ) Tj ET Q q 0 0 0 rg BT 84.29 660.30 Td (Northern ) Tj ET Q q 0 0 0 rg BT 122.59 660.30 Td (Europe ) Tj ET Q q 0 0 0 rg BT 154.90 660.30 Td (in ) Tj ET Q q 0 0 0 rg BT 165.18 660.30 Td (the ) Tj ET Q q 0 0 0 rg BT 180.98 660.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 202.27 660.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 226.06 660.30 Td (year) Tj ET Q q 0 0 0 rg BT 243.07 660.30 Td (. ) Tj ET Q q 0 0 0 rg BT 248.20 660.30 Td (As ) Tj ET Q q 0 0 0 rg BT 261.99 660.30 Td (a ) Tj ET Q q 0 0 0 rg BT 270.28 660.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 298.07 660.30 Td (the ) Tj ET Q q 0 0 0 rg BT 313.87 660.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.67 660.30 Td (is ) Tj ET Q q 0 0 0 rg BT 365.45 660.30 Td (now ) Tj ET Q q 0 0 0 rg BT 385.25 660.30 Td (managed ) Tj ET Q q 0 0 0 rg BT 426.06 660.30 Td (through ) Tj ET Q q 0 0 0 rg BT 459.87 660.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 480.17 660.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 520.98 660.30 Td (segments, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 646.80 Td (namely: ) Tj ET Q q 0 0 0 rg BT 105.18 646.80 Td (W) Tj ET Q q 0 0 0 rg BT 113.51 646.80 Td (estern ) Tj ET Q q 0 0 0 rg BT 140.69 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 157.87 646.80 Td (Southern ) Tj ET Q q 0 0 0 rg BT 196.56 646.80 Td (Europe ) Tj ET Q q 0 0 0 rg BT 227.74 646.80 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 266.90 646.80 Td (France, ) Tj ET Q q 0 0 0 rg BT 299.58 646.80 Td (Portugal ) Tj ET Q q 0 0 0 rg BT 335.26 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 352.44 646.80 Td (Belgium\); ) Tj ET Q q 0 0 0 rg BT 392.62 646.80 Td (United ) Tj ET Q q 0 0 0 rg BT 420.80 646.80 Td (States ) Tj ET Q q 0 0 0 rg BT 448.48 646.80 Td (\(U.S.\) ) Tj ET Q q 0 0 0 rg BT 474.14 646.80 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 524.31 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 541.49 646.80 Td (State ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 633.30 Td (Government; ) Tj ET Q q 0 0 0 rg BT 126.33 633.30 Td (Canada; ) Tj ET Q q 0 0 0 rg BT 163.17 633.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 183.48 633.30 Td (Federal; ) Tj ET Q q 0 0 0 rg BT 219.31 633.30 Td (United ) Tj ET Q q 0 0 0 rg BT 248.14 633.30 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 286.47 633.30 Td (\(U.K.\) ) Tj ET Q q 0 0 0 rg BT 312.78 633.30 Td (and ) Tj ET Q q 0 0 0 rg BT 330.05 633.30 Td (Australia; ) Tj ET Q q 0 0 0 rg BT 370.37 633.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 402.20 633.30 Td (and ) Tj ET Q q 0 0 0 rg BT 420.02 633.30 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 453.85 633.30 Td (Europe ) Tj ET Q q 0 0 0 rg BT 485.68 633.30 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 525.49 633.30 Td (Germany ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.08 619.80 Td (the ) Tj ET Q q 0 0 0 rg BT 102.16 619.80 Td (Netherlands\); 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0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 350.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 337.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 324.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 311.40 107.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 307.40 107.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 303.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 290.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 277.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 264.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 251.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 238.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 225.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 212.40 107.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 208.40 107.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 204.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 191.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 178.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.50 165.40 107.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 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0 rg BT 228.54 341.35 Td (EBIT) Tj ET Q q 0 0 0 rg BT 248.46 341.35 Td ( ) Tj ET Q q 0 0 0 rg BT 250.88 341.35 Td (by ) Tj ET Q q 0 0 0 rg BT 262.89 341.35 Td (Segment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 328.35 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 181.51 328.35 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 229.54 328.35 Td (Before ) Tj ET Q q 0 0 0 rg BT 258.55 328.35 Td (Income ) Tj ET Q q 0 0 0 rg BT 290.49 328.35 Td (T) Tj ET Q q 0 0 0 rg BT 295.40 328.35 Td (axes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 315.35 Td (3.8. ) Tj ET Q q 0 0 0 rg BT 181.51 315.35 Td (Net ) Tj ET Q q 0 0 0 rg BT 208.02 315.35 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 246.04 315.35 Td (and ) Tj ET Q q 0 0 0 rg BT 263.56 315.35 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 301.58 315.35 Td (Per ) Tj ET Q q 0 0 0 rg BT 318.09 315.35 Td (Share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 294.35 Td (4.Liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 294.35 Td (4.1. ) Tj ET Q q 0 0 0 rg BT 181.51 294.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 246.55 294.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 294.57 294.35 Td (of ) Tj ET Q q 0 0 0 rg BT 304.58 294.35 Td (Cash ) Tj ET Q q 0 0 0 rg BT 328.09 294.35 Td (Flows) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 281.35 Td (4.2. ) Tj ET Q q 0 0 0 rg BT 181.51 281.35 Td (Capital ) Tj ET Q q 0 0 0 rg BT 222.03 281.35 Td (Resources) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 268.35 Td (4.3. ) Tj ET Q q 0 0 0 rg BT 181.51 268.35 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 240.04 268.35 Td (Obligations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 255.35 Td (4.4. ) Tj ET Q q 0 0 0 rg BT 181.51 255.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 230.03 255.35 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 279.55 255.35 Td (and ) Tj ET Q q 0 0 0 rg BT 297.07 255.35 Td (Hedging ) Tj ET Q q 0 0 0 rg BT 333.01 255.35 Td (T) Tj ET Q q 0 0 0 rg BT 338.26 255.35 Td (ransactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 242.35 Td (4.5. ) Tj ET Q q 0 0 0 rg BT 181.51 242.35 Td (Selected ) Tj ET Q q 0 0 0 rg BT 229.04 242.35 Td (Measures ) Tj ET Q q 0 0 0 rg BT 271.06 242.35 Td (of ) Tj ET Q q 0 0 0 rg BT 281.06 242.35 Td (Capital ) Tj ET Q q 0 0 0 rg BT 311.58 242.35 Td (Resources ) Tj ET Q q 0 0 0 rg BT 357.10 242.35 Td (and ) Tj ET Q q 0 0 0 rg BT 374.61 242.35 Td (Liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 229.35 Td (4.6. ) Tj ET Q q 0 0 0 rg BT 181.51 229.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 229.35 Td (Guarantees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 216.35 Td (4.7. ) Tj ET Q q 0 0 0 rg BT 181.51 216.35 Td (Capability ) Tj ET Q q 0 0 0 rg BT 233.53 216.35 Td (to ) Tj ET Q q 0 0 0 rg BT 243.54 216.35 Td (Deliver ) Tj ET Q q 0 0 0 rg BT 274.05 216.35 Td (Results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 195.35 Td (5.Fourth Quarter) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 195.35 Td (5.1. ) Tj ET Q q 0 0 0 rg BT 181.51 195.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.01 195.35 Td ( ) Tj ET Q q 0 0 0 rg BT 186.51 195.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 195.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 195.35 Td (Bookings ) Tj ET Q q 0 0 0 rg BT 231.04 195.35 Td (and ) Tj ET Q q 0 0 0 rg BT 248.56 195.35 Td (Book-to-Bill ) Tj ET Q q 0 0 0 rg BT 297.07 195.35 Td (Ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 77.00 182.35 Td (Results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 182.35 Td (5.2. ) Tj ET Q q 0 0 0 rg BT 181.51 182.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.01 182.35 Td ( ) Tj ET Q q 0 0 0 rg BT 186.51 182.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 182.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 182.35 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 224.53 182.35 Td (Exchange) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 169.35 Td (5.3. ) Tj ET Q q 0 0 0 rg BT 181.51 169.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 230.04 169.35 Td (Distribution) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 156.35 Td (5.4. ) Tj ET Q q 0 0 0 rg BT 181.51 156.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.01 156.35 Td ( ) Tj ET Q q 0 0 0 rg BT 186.51 156.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 156.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 156.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 230.04 156.35 Td (by ) Tj ET Q q 0 0 0 rg BT 242.05 156.35 Td (Segment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 143.35 Td (5.5. ) Tj ET Q q 0 0 0 rg BT 181.51 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.01 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 186.51 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.27 143.35 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 228.54 143.35 Td (EBIT) Tj ET Q q 0 0 0 rg BT 248.46 143.35 Td ( ) Tj ET Q q 0 0 0 rg BT 250.88 143.35 Td (by ) Tj ET Q q 0 0 0 rg BT 262.89 143.35 Td (Segment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 130.35 Td (5.6. ) Tj ET Q q 0 0 0 rg BT 181.51 130.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.01 130.35 Td ( ) Tj ET Q q 0 0 0 rg BT 186.51 130.35 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 130.35 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 130.35 Td (Net ) Tj ET Q q 0 0 0 rg BT 208.02 130.35 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 246.04 130.35 Td (and ) Tj ET Q q 0 0 0 rg BT 263.56 130.35 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 301.58 130.35 Td (Per ) Tj ET Q q 0 0 0 rg BT 318.09 130.35 Td (Share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.00 117.35 Td (5.7. ) Tj ET Q q 0 0 0 rg BT 181.51 117.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 246.55 117.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 294.57 117.35 Td (of ) Tj ET Q q 0 0 0 rg BT 304.58 117.35 Td (Cash ) Tj ET Q q 0 0 0 rg BT 328.09 117.35 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 539.35 Td (8) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 526.35 Td (9) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 513.35 Td (10) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 492.35 Td (12) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 479.35 Td (13) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 466.35 Td (14) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 453.35 Td (15) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 440.35 Td (16) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 427.35 Td (16) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 406.35 Td (17) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 393.35 Td (18) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 380.35 Td (19) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 367.35 Td (20) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 354.35 Td (23) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 341.35 Td (24) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 328.35 Td (26) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 315.35 Td (27) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 294.35 Td (29) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 281.35 Td (32) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 268.35 Td (33) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 255.35 Td (33) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 242.35 Td (34) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 229.35 Td (34) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 216.35 Td (35) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 195.35 Td (36) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 182.35 Td (37) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 169.35 Td (38) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 156.35 Td (39) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 143.35 Td (42) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 130.35 Td (44) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.45 117.35 Td (46) Tj ET Q BT /F2 9.00 Tf ET endstream endobj 17 0 obj <><><><><><>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 715.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 711.00 108.00 -30.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 681.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 677.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 673.00 108.00 -31.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 642.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 638.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 634.00 108.00 -31.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 603.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 599.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 595.00 108.00 -31.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 564.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 560.00 108.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 556.00 108.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 543.00 108.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 50.00 530.00 108.00 -4.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 715 m 50 711 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 715 m 158 711 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 715 m 158 715 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 715 m 158 711 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 715 m 162 715 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 715 m 518 715 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 715 m 518 711 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 715 m 563 711 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 715 m 563 715 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 711 m 50 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 711 m 158 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 711 m 158 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 711 m 518 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 711 m 518 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 711 m 563 681 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 681 m 50 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 681 m 158 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 681 m 158 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 681 m 518 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 681 m 563 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 677 m 563 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 677 m 50 673 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 677 m 158 673 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 677 m 158 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 677 m 158 673 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 677 m 162 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 677 m 518 673 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 677 m 518 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 677 m 563 673 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 677 m 563 677 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 673 m 50 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 673 m 158 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 673 m 158 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 673 m 518 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 673 m 518 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 673 m 563 642 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 642 m 50 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 642 m 158 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 642 m 158 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 642 m 518 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 642 m 563 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 638 m 563 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 638 m 50 634 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 638 m 158 634 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 638 m 158 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 638 m 158 634 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 638 m 162 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 638 m 518 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 638 m 518 634 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 638 m 563 634 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 634 m 50 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 634 m 158 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 634 m 158 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 634 m 518 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 634 m 518 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 634 m 563 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 603 m 50 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 603 m 158 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 603 m 158 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 603 m 518 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 603 m 563 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 599 m 563 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 599 m 50 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 599 m 158 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 599 m 158 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 599 m 158 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 599 m 162 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 599 m 518 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 599 m 518 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 599 m 563 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 595 m 50 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 595 m 158 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 595 m 158 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 595 m 518 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 595 m 518 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 595 m 563 564 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 564 m 50 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 564 m 158 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 564 m 158 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 564 m 518 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 564 m 563 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 560 m 563 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 560 m 50 556 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 560 m 158 556 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 560 m 158 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 560 m 158 556 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 560 m 162 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 560 m 518 560 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 560 m 518 556 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 560 m 563 556 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 556 m 50 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 556 m 158 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 556 m 158 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 556 m 518 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 556 m 518 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 556 m 563 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 543 m 50 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 543 m 158 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 543 m 158 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 543 m 518 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 543 m 518 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 543 m 563 530 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 530 m 50 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 530 m 158 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 526 m 158 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 530 m 158 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 158 526 m 162 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 530 m 518 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162 526 m 518 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 530 m 518 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 563 530 m 563 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518 526 m 563 526 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 700.45 Td (6.Eight Quarter) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 686.95 Td (Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 700.45 Td (A) Tj ET Q q 0 0 0 rg BT 170.25 700.45 Td ( ) Tj ET Q q 0 0 0 rg BT 172.16 700.45 Td (summary ) Tj ET Q q 0 0 0 rg BT 211.32 700.45 Td (of ) Tj ET Q q 0 0 0 rg BT 220.98 700.45 Td (the ) Tj ET Q q 0 0 0 rg BT 235.64 700.45 Td (past ) Tj ET Q q 0 0 0 rg BT 254.81 700.45 Td (eight ) Tj ET Q q 0 0 0 rg BT 276.48 700.45 Td (quarters) Tj ET Q q 0 0 0 rg BT 311.33 700.45 Td ( ) Tj ET Q q 0 0 0 rg BT 313.32 700.45 Td (key ) Tj ET Q q 0 0 0 rg BT 329.48 700.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 382.16 700.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 423.83 700.45 Td (and ) Tj ET Q q 0 0 0 rg BT 441.00 700.45 Td (a ) Tj ET Q q 0 0 0 rg BT 448.16 700.45 Td (discussion ) Tj ET Q q 0 0 0 rg BT 492.33 700.45 Td (of ) Tj ET Q q 0 0 0 rg BT 501.99 700.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 686.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 194.01 686.95 Td (that ) Tj ET Q q 0 0 0 rg BT 211.52 686.95 Td (could ) Tj ET Q q 0 0 0 rg BT 235.54 686.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 264.55 686.95 Td (our ) Tj ET Q q 0 0 0 rg BT 280.05 686.95 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 317.57 686.95 Td (results.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 661.95 Td (7. ) Tj ET Q q 0 0 0 rg BT 75.00 661.95 Td (Changes in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 648.45 Td (Accounting Policies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 655.20 Td (A) Tj ET Q q 0 0 0 rg BT 170.25 655.20 Td ( ) Tj ET Q q 0 0 0 rg BT 172.51 655.20 Td (summary ) Tj ET Q q 0 0 0 rg BT 212.01 655.20 Td (of ) Tj ET Q q 0 0 0 rg BT 222.02 655.20 Td (the ) Tj ET Q q 0 0 0 rg BT 237.03 655.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 283.06 655.20 Td (standard ) Tj ET Q q 0 0 0 rg BT 320.58 655.20 Td (changes.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 624.95 Td (8.Critical ) Tj ET Q q 0 0 0 rg BT 104.76 624.95 Td (Accounting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 611.45 Td (Estimates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 622.95 Td (A) Tj ET Q q 0 0 0 rg BT 170.25 622.95 Td ( ) Tj ET Q q 0 0 0 rg BT 172.91 622.95 Td (discussion ) Tj ET Q q 0 0 0 rg BT 217.84 622.95 Td (of ) Tj ET Q q 0 0 0 rg BT 228.26 622.95 Td (the ) Tj ET Q q 0 0 0 rg BT 243.68 622.95 Td (critical ) Tj ET Q q 0 0 0 rg BT 272.09 622.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 318.53 622.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 359.95 622.95 Td (made ) Tj ET Q q 0 0 0 rg BT 385.37 622.95 Td (in ) Tj ET Q q 0 0 0 rg BT 395.28 622.95 Td (the ) Tj ET Q q 0 0 0 rg BT 410.70 622.95 Td (preparation ) Tj ET Q q 0 0 0 rg BT 459.14 622.95 Td (of ) Tj ET Q q 0 0 0 rg BT 469.56 622.95 Td (the ) Tj ET Q q 0 0 0 rg BT 484.98 622.95 Td (audited ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 609.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 217.54 609.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 253.06 609.45 Td (statements.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 585.95 Td (9.Integrity of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 572.45 Td (Disclosure) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 581.90 Td (A) Tj ET Q q 0 0 0 rg BT 170.01 581.90 Td ( ) Tj ET Q q 0 0 0 rg BT 171.81 581.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 215.63 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 224.94 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 239.25 581.90 Td (existence ) Tj ET Q q 0 0 0 rg BT 279.08 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 288.38 581.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 335.72 581.90 Td (information ) Tj ET Q q 0 0 0 rg BT 382.04 581.90 Td (systems, ) Tj ET Q q 0 0 0 rg BT 419.35 581.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 466.18 581.90 Td (and ) Tj ET Q q 0 0 0 rg BT 482.99 581.90 Td (controls ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 568.40 Td (to ) Tj ET Q q 0 0 0 rg BT 173.62 568.40 Td (ensure ) Tj ET Q q 0 0 0 rg BT 202.74 568.40 Td (that ) Tj ET Q q 0 0 0 rg BT 219.36 568.40 Td (information ) Tj ET Q q 0 0 0 rg BT 265.49 568.40 Td (used ) Tj ET Q q 0 0 0 rg BT 286.62 568.40 Td (internally ) Tj ET Q q 0 0 0 rg BT 324.25 568.40 Td (and ) Tj ET Q q 0 0 0 rg BT 340.87 568.40 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 380.00 568.40 Td (externally ) Tj ET Q q 0 0 0 rg BT 420.13 568.40 Td (is ) Tj ET Q q 0 0 0 rg BT 428.24 568.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 466.37 568.40 Td (and ) Tj ET Q q 0 0 0 rg BT 482.99 568.40 Td (reliable.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 546.95 Td (10. Risk Environment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 546.95 Td (10.1. ) Tj ET Q q 0 0 0 rg BT 187.02 546.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 219.02 546.95 Td (and ) Tj ET Q q 0 0 0 rg BT 236.54 546.95 Td (Uncertainties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.50 533.95 Td (10.2.Legal ) Tj ET Q q 0 0 0 rg BT 219.04 533.95 Td (Proceedings) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 693.70 Td (48) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 655.20 Td (50) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 616.20 Td (52) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 577.20 Td (55) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 546.95 Td (57) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 533.95 Td (66) Tj ET Q BT /F2 9.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Corporate Overview) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 696.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 692.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 142.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 692.3 m 228.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 692.3 m 313.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 692.3 m 431.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 692.3 m 561.5 692.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 57.5 688.3 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 666.30 Td (1.1. ) Tj ET Q q 0 0 0 rg BT 90.68 666.30 Td (ABOUT ) Tj ET Q q 0 0 0 rg BT 125.18 666.30 Td (CGI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 646.80 Td (Founded ) Tj ET Q q 0 0 0 rg BT 109.04 646.80 Td (in ) Tj ET Q q 0 0 0 rg BT 118.06 646.80 Td (1976 ) Tj ET Q q 0 0 0 rg BT 140.09 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 157.12 646.80 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 217.68 646.80 Td (in ) Tj ET Q q 0 0 0 rg BT 226.70 646.80 Td (Montral, ) Tj ET Q q 0 0 0 rg BT 266.23 646.80 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 302.27 646.80 Td (CGI ) Tj ET Q q 0 0 0 rg BT 320.28 646.80 Td (is ) Tj ET Q q 0 0 0 rg BT 328.79 646.80 Td (among ) Tj ET Q q 0 0 0 rg BT 358.32 646.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.84 646.80 Td (largest ) Tj ET Q q 0 0 0 rg BT 401.87 646.80 Td (information ) Tj ET Q q 0 0 0 rg BT 448.40 646.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 493.95 646.80 Td (\(IT\) ) Tj ET Q q 0 0 0 rg BT 509.95 646.80 Td (and ) Tj ET Q q 0 0 0 rg BT 526.98 646.80 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 633.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 115.31 633.30 Td (services ) Tj ET Q q 0 0 0 rg BT 151.61 633.30 Td (firms ) Tj ET Q q 0 0 0 rg BT 174.39 633.30 Td (in ) Tj ET Q q 0 0 0 rg BT 184.68 633.30 Td (the ) Tj ET Q q 0 0 0 rg BT 200.48 633.30 Td (world. ) Tj ET Q q 0 0 0 rg BT 227.56 633.30 Td (The ) Tj ET Q q 0 0 0 rg BT 246.35 633.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 288.16 633.30 Td (delivers ) Tj ET Q q 0 0 0 rg BT 322.46 633.30 Td (a ) Tj ET Q q 0 0 0 rg BT 330.75 633.30 Td (full ) Tj ET Q q 0 0 0 rg BT 345.54 633.30 Td (range ) Tj ET Q q 0 0 0 rg BT 371.84 633.30 Td (of ) Tj ET Q q 0 0 0 rg BT 382.64 633.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 421.43 633.30 Td (including ) Tj ET Q q 0 0 0 rg BT 460.24 633.30 Td (strategic ) Tj ET Q q 0 0 0 rg BT 497.54 633.30 Td (IT) Tj ET Q q 0 0 0 rg BT 505.38 633.30 Td ( ) Tj ET Q q 0 0 0 rg BT 508.67 633.30 Td (and ) Tj ET Q q 0 0 0 rg BT 526.97 633.30 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 619.80 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 116.39 619.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 151.25 619.80 Td (integration, ) Tj ET Q q 0 0 0 rg BT 197.64 619.80 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 242.03 619.80 Td (property ) Tj ET Q q 0 0 0 rg BT 276.91 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 293.78 619.80 Td (managed ) Tj ET Q q 0 0 0 rg BT 333.17 619.80 Td (IT) Tj ET Q q 0 0 0 rg BT 341.01 619.80 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 359.75 619.80 Td (business ) Tj ET Q q 0 0 0 rg BT 397.13 619.80 Td (process ) Tj ET Q q 0 0 0 rg BT 430.50 619.80 Td (services ) Tj ET Q q 0 0 0 rg BT 465.37 619.80 Td (to ) Tj ET Q q 0 0 0 rg BT 474.74 619.80 Td (help ) Tj ET Q q 0 0 0 rg BT 493.61 619.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 520.98 619.80 Td (accelerate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 606.30 Td (digitization, ) Tj ET Q q 0 0 0 rg BT 118.94 606.30 Td (achieve ) Tj ET Q q 0 0 0 rg BT 152.37 606.30 Td (immediate ) Tj ET Q q 0 0 0 rg BT 196.29 606.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.21 606.30 Td (savings, ) Tj ET Q q 0 0 0 rg BT 250.64 606.30 Td (and ) Tj ET Q q 0 0 0 rg BT 268.06 606.30 Td (drive ) Tj ET Q q 0 0 0 rg BT 289.98 606.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 324.91 606.30 Td (growth. ) Tj ET Q q 0 0 0 rg BT 356.84 606.30 Td (CGI ) Tj ET Q q 0 0 0 rg BT 375.25 606.30 Td (employs ) Tj ET Q q 0 0 0 rg BT 411.17 606.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 469.61 606.30 Td (76,000 ) Tj ET Q q 0 0 0 rg BT 499.54 606.30 Td (consultants ) Tj ET Q q 0 0 0 rg BT 547.48 606.30 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 592.80 Td (professionals ) Tj ET Q q 0 0 0 rg BT 127.03 592.80 Td (worldwide, ) Tj ET Q q 0 0 0 rg BT 172.05 592.80 Td (whom ) Tj ET Q q 0 0 0 rg BT 198.55 592.80 Td (are ) Tj ET Q q 0 0 0 rg BT 214.06 592.80 Td (called ) Tj ET Q q 0 0 0 rg BT 240.08 592.80 Td (members ) Tj ET Q q 0 0 0 rg BT 280.09 592.80 Td (as ) Tj ET Q q 0 0 0 rg BT 292.09 592.80 Td (they ) Tj ET Q q 0 0 0 rg BT 311.60 592.80 Td (are ) Tj ET Q q 0 0 0 rg BT 327.11 592.80 Td (also ) Tj ET Q q 0 0 0 rg BT 346.12 592.80 Td (owners.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.50 573.30 Td (End-to-end ) Tj ET Q q 0 0 0 rg BT 121.49 573.30 Td (services ) Tj ET Q q 0 0 0 rg BT 160.02 573.30 Td (and ) Tj ET Q q 0 0 0 rg BT 178.52 573.30 Td (solutions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 553.80 Td (CGI ) Tj ET Q q 0 0 0 rg BT 89.96 553.80 Td (delivers ) Tj ET Q q 0 0 0 rg BT 123.43 553.80 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 169.42 553.80 Td (services ) Tj ET Q q 0 0 0 rg BT 204.88 553.80 Td (that ) Tj ET Q q 0 0 0 rg BT 222.35 553.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 246.82 553.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.79 553.80 Td (full ) Tj ET Q q 0 0 0 rg BT 275.75 553.80 Td (spectrum ) Tj ET Q q 0 0 0 rg BT 315.22 553.80 Td (of ) Tj ET Q q 0 0 0 rg BT 325.18 553.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 371.17 553.80 Td (delivery; ) Tj ET Q q 0 0 0 rg BT 407.14 553.80 Td (from ) Tj ET Q q 0 0 0 rg BT 427.60 553.80 Td (digital ) Tj ET Q q 0 0 0 rg BT 453.57 553.80 Td (strategy ) Tj ET Q q 0 0 0 rg BT 488.04 553.80 Td (and ) Tj ET Q q 0 0 0 rg BT 505.52 553.80 Td (architecture ) Tj ET Q q 0 0 0 rg BT 554.99 553.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 540.30 Td (solution ) Tj ET Q q 0 0 0 rg BT 105.02 540.30 Td (design, ) Tj ET Q q 0 0 0 rg BT 136.54 540.30 Td (development, ) Tj ET Q q 0 0 0 rg BT 193.08 540.30 Td (integration, ) Tj ET Q q 0 0 0 rg BT 240.11 540.30 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 306.14 540.30 Td (and ) Tj ET Q q 0 0 0 rg BT 323.66 540.30 Td (operations. ) Tj ET Q q 0 0 0 rg BT 370.69 540.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 388.19 540.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 422.71 540.30 Td (encompasses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 519.30 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.50 519.30 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 150.79 519.30 Td (IT ) Tj ET Q q 0 0 0 rg BT 161.56 519.30 Td (and ) Tj ET Q q 0 0 0 rg BT 180.34 519.30 Td (business ) Tj ET Q q 0 0 0 rg BT 222.13 519.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 270.41 519.30 Td (and ) Tj ET Q q 0 0 0 rg BT 289.18 519.30 Td (systems ) Tj ET Q q 0 0 0 rg BT 327.98 519.30 Td (integration: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.26 519.30 Td (CGI ) Tj ET Q q 0 0 0 rg BT 399.03 519.30 Td (helps ) Tj ET Q q 0 0 0 rg BT 423.33 519.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 451.61 519.30 Td (define ) Tj ET Q q 0 0 0 rg BT 478.91 519.30 Td (their ) Tj ET Q q 0 0 0 rg BT 499.19 519.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 525.49 519.30 Td (strategy ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 505.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.62 505.80 Td (roadmap, ) Tj ET Q q 0 0 0 rg BT 168.74 505.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.86 505.80 Td (advance ) Tj ET Q q 0 0 0 rg BT 223.98 505.80 Td (their ) Tj ET Q q 0 0 0 rg BT 244.59 505.80 Td (IT) Tj ET Q q 0 0 0 rg BT 252.43 505.80 Td ( ) Tj ET Q q 0 0 0 rg BT 255.53 505.80 Td (modernization ) Tj ET Q q 0 0 0 rg BT 315.16 505.80 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 355.28 505.80 Td (through ) Tj ET Q q 0 0 0 rg BT 388.90 505.80 Td (an ) Tj ET Q q 0 0 0 rg BT 402.02 505.80 Td (agile, ) Tj ET Q q 0 0 0 rg BT 426.63 505.80 Td (iterative ) Tj ET Q q 0 0 0 rg BT 461.25 505.80 Td (approach ) Tj ET Q q 0 0 0 rg BT 501.88 505.80 Td (that ) Tj ET Q q 0 0 0 rg BT 519.99 505.80 Td (facilitates ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 492.30 Td (innovation, ) Tj ET Q q 0 0 0 rg BT 155.53 492.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 201.57 492.30 Td (and ) Tj ET Q q 0 0 0 rg BT 219.08 492.30 Td (optimization ) Tj ET Q q 0 0 0 rg BT 269.61 492.30 Td (of ) Tj ET Q q 0 0 0 rg BT 279.61 492.30 Td (mission-critical ) Tj ET Q q 0 0 0 rg BT 341.12 492.30 Td (systems ) Tj ET Q q 0 0 0 rg BT 376.62 492.30 Td (to ) Tj ET Q q 0 0 0 rg BT 386.63 492.30 Td (deliver ) Tj ET Q q 0 0 0 rg BT 415.64 492.30 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 479.67 492.30 Td (change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 471.30 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.50 471.30 Td (Managed ) Tj ET Q q 0 0 0 rg BT 151.27 471.30 Td (IT ) Tj ET Q q 0 0 0 rg BT 162.04 471.30 Td (and ) Tj ET Q q 0 0 0 rg BT 180.80 471.30 Td (business ) Tj ET Q q 0 0 0 rg BT 222.58 471.30 Td (process ) Tj ET Q q 0 0 0 rg BT 259.87 471.30 Td (services: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.66 471.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 319.43 471.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 347.71 471.30 Td (entrust ) Tj ET Q q 0 0 0 rg BT 377.99 471.30 Td (us ) Tj ET Q q 0 0 0 rg BT 390.26 471.30 Td (with ) Tj ET Q q 0 0 0 rg BT 409.03 471.30 Td (full ) Tj ET Q q 0 0 0 rg BT 423.30 471.30 Td (or ) Tj ET Q q 0 0 0 rg BT 434.07 471.30 Td (partial ) Tj ET Q q 0 0 0 rg BT 461.35 471.30 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 516.13 471.30 Td (for ) Tj ET Q q 0 0 0 rg BT 529.40 471.30 Td (their ) Tj ET Q q 0 0 0 rg BT 549.68 471.30 Td (IT) Tj ET Q q 0 0 0 rg BT 557.51 471.30 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 457.80 Td (and ) Tj ET Q q 0 0 0 rg BT 126.50 457.80 Td (business ) Tj ET Q q 0 0 0 rg BT 164.01 457.80 Td (functions ) Tj ET Q q 0 0 0 rg BT 202.02 457.80 Td ( ) Tj ET Q q 0 0 0 rg BT 204.00 457.80 Td (to ) Tj ET Q q 0 0 0 rg BT 213.49 457.80 Td (help ) Tj ET Q q 0 0 0 rg BT 232.49 457.80 Td (them ) Tj ET Q q 0 0 0 rg BT 254.49 457.80 Td (become ) Tj ET Q q 0 0 0 rg BT 288.49 457.80 Td (more ) Tj ET Q q 0 0 0 rg BT 310.98 457.80 Td (agile ) Tj ET Q q 0 0 0 rg BT 331.98 457.80 Td (and ) Tj ET Q q 0 0 0 rg BT 348.98 457.80 Td (to ) Tj ET Q q 0 0 0 rg BT 358.47 457.80 Td (build ) Tj ET Q q 0 0 0 rg BT 379.47 457.80 Td (resilience ) Tj ET Q q 0 0 0 rg BT 419.48 457.80 Td (into ) Tj ET Q q 0 0 0 rg BT 435.97 457.80 Td (their ) Tj ET Q q 0 0 0 rg BT 455.47 457.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 500.98 457.80 Td (supply ) Tj ET Q q 0 0 0 rg BT 528.98 457.80 Td (chains. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 444.30 Td (In ) Tj ET Q q 0 0 0 rg BT 120.05 444.30 Td (return, ) Tj ET Q q 0 0 0 rg BT 149.10 444.30 Td (we ) Tj ET Q q 0 0 0 rg BT 163.65 444.30 Td (deliver ) Tj ET Q q 0 0 0 rg BT 193.20 444.30 Td (innovation, ) Tj ET Q q 0 0 0 rg BT 239.78 444.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 282.84 444.30 Td (ef) Tj ET Q q 0 0 0 rg BT 290.19 444.30 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 323.24 444.30 Td (gains, ) Tj ET Q q 0 0 0 rg BT 350.30 444.30 Td (and ) Tj ET Q q 0 0 0 rg BT 368.36 444.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 387.90 444.30 Td (savings. ) Tj ET Q q 0 0 0 rg BT 423.76 444.30 Td (T) Tj ET Q q 0 0 0 rg BT 428.77 444.30 Td (ypical ) Tj ET Q q 0 0 0 rg BT 454.82 444.30 Td (services ) Tj ET Q q 0 0 0 rg BT 490.87 444.30 Td (in ) Tj ET Q q 0 0 0 rg BT 500.92 444.30 Td (an ) Tj ET Q q 0 0 0 rg BT 513.97 444.30 Td (end-to-end ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 430.80 Td (engagement ) Tj ET Q q 0 0 0 rg BT 167.38 430.80 Td (include: ) Tj ET Q q 0 0 0 rg BT 206.25 430.80 Td (application ) Tj ET Q q 0 0 0 rg BT 257.12 430.80 Td (development, ) Tj ET Q q 0 0 0 rg BT 319.00 430.80 Td (integration ) Tj ET Q q 0 0 0 rg BT 368.87 430.80 Td (and ) Tj ET Q q 0 0 0 rg BT 391.73 430.80 Td (maintenance; ) Tj ET Q q 0 0 0 rg BT 453.61 430.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 504.98 430.80 Td (infrastructure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 417.30 Td (management; ) Tj ET Q q 0 0 0 rg BT 167.46 417.30 Td (and ) Tj ET Q q 0 0 0 rg BT 185.39 417.30 Td (business ) Tj ET Q q 0 0 0 rg BT 223.84 417.30 Td (process ) Tj ET Q q 0 0 0 rg BT 258.27 417.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 296.71 417.30 Td (such ) Tj ET Q q 0 0 0 rg BT 318.64 417.30 Td (as ) Tj ET Q q 0 0 0 rg BT 331.07 417.30 Td (in ) Tj ET Q q 0 0 0 rg BT 340.99 417.30 Td (collections ) Tj ET Q q 0 0 0 rg BT 385.94 417.30 Td (and ) Tj ET Q q 0 0 0 rg BT 403.88 417.30 Td (payroll ) Tj ET Q q 0 0 0 rg BT 433.31 417.30 Td (management. ) Tj ET Q q 0 0 0 rg BT 491.27 417.30 Td (Managed ) Tj ET Q q 0 0 0 rg BT 531.72 417.30 Td (IT) Tj ET Q q 0 0 0 rg BT 539.56 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 542.48 417.30 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 403.80 Td (business ) Tj ET Q q 0 0 0 rg BT 146.85 403.80 Td (process ) Tj ET Q q 0 0 0 rg BT 180.20 403.80 Td (services ) Tj ET Q q 0 0 0 rg BT 215.04 403.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 253.38 403.80 Td (are ) Tj ET Q q 0 0 0 rg BT 268.22 403.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 308.07 403.80 Td (in ) Tj ET Q q 0 0 0 rg BT 316.90 403.80 Td (nature, ) Tj ET Q q 0 0 0 rg BT 346.75 403.80 Td (with ) Tj ET Q q 0 0 0 rg BT 364.59 403.80 Td (a ) Tj ET Q q 0 0 0 rg BT 371.43 403.80 Td (typical ) Tj ET Q q 0 0 0 rg BT 398.77 403.80 Td (duration ) Tj ET Q q 0 0 0 rg BT 433.12 403.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 463.47 403.80 Td (than ) Tj ET Q q 0 0 0 rg BT 482.82 403.80 Td (five ) Tj ET Q q 0 0 0 rg BT 498.66 403.80 Td (years, ) Tj ET Q q 0 0 0 rg BT 525.00 403.80 Td (allowing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 390.30 Td (our ) Tj ET Q q 0 0 0 rg BT 125.01 390.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 153.02 390.30 Td (to ) Tj ET Q q 0 0 0 rg BT 163.03 390.30 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 197.04 390.30 Td (savings, ) Tj ET Q q 0 0 0 rg BT 232.56 390.30 Td (alongside ) Tj ET Q q 0 0 0 rg BT 273.59 390.30 Td (CGI, ) Tj ET Q q 0 0 0 rg BT 294.59 390.30 Td (in ) Tj ET Q q 0 0 0 rg BT 304.09 390.30 Td (their ) Tj ET Q q 0 0 0 rg BT 324.10 390.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 350.12 390.30 Td (transformation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.50 370.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.50 370.80 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 158.11 370.80 Td (property ) Tj ET Q q 0 0 0 rg BT 196.22 370.80 Td (\(IP\): ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 215.31 370.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 231.91 370.80 Td (IP) Tj ET Q q 0 0 0 rg BT 240.25 370.80 Td ( ) Tj ET Q q 0 0 0 rg BT 241.85 370.80 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 275.47 370.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 310.09 370.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 367.72 370.80 Td (175 ) Tj ET Q q 0 0 0 rg BT 384.33 370.80 Td (business ) Tj ET Q q 0 0 0 rg BT 421.45 370.80 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 461.08 370.80 Td (some ) Tj ET Q q 0 0 0 rg BT 484.68 370.80 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 370.80 Td (which ) Tj ET Q q 0 0 0 rg BT 518.40 370.80 Td (are ) Tj ET Q q 0 0 0 rg BT 533.01 370.80 Td (cross-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 357.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 144.51 357.30 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 186.03 357.30 Td (Designed ) Tj ET Q q 0 0 0 rg BT 227.55 357.30 Td (in ) Tj ET Q q 0 0 0 rg BT 238.05 357.30 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 292.58 357.30 Td (with ) Tj ET Q q 0 0 0 rg BT 312.08 357.30 Td (clients, ) Tj ET Q q 0 0 0 rg BT 343.59 357.30 Td (our ) Tj ET Q q 0 0 0 rg BT 360.10 357.30 Td (IP) Tj ET Q q 0 0 0 rg BT 368.44 357.30 Td ( ) Tj ET Q q 0 0 0 rg BT 371.93 357.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 410.95 357.30 Td (act ) Tj ET Q q 0 0 0 rg BT 426.45 357.30 Td (as ) Tj ET Q q 0 0 0 rg BT 439.45 357.30 Td (business ) Tj ET Q q 0 0 0 rg BT 478.47 357.30 Td (accelerators ) Tj ET Q q 0 0 0 rg BT 530.99 357.30 Td (for ) Tj ET Q q 0 0 0 rg BT 544.99 357.30 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 343.80 Td (industries ) Tj ET Q q 0 0 0 rg BT 150.72 343.80 Td (we ) Tj ET Q q 0 0 0 rg BT 164.93 343.80 Td (serve. ) Tj ET Q q 0 0 0 rg BT 191.97 343.80 Td (These ) Tj ET Q q 0 0 0 rg BT 219.69 343.80 Td (include ) Tj ET Q q 0 0 0 rg BT 250.92 343.80 Td (business ) Tj ET Q q 0 0 0 rg BT 289.14 343.80 Td (solutions ) Tj ET Q q 0 0 0 rg BT 327.37 343.80 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 388.11 343.80 Td (commercial ) Tj ET Q q 0 0 0 rg BT 436.82 343.80 Td (software ) Tj ET Q q 0 0 0 rg BT 473.54 343.80 Td (embedded ) Tj ET Q q 0 0 0 rg BT 518.78 343.80 Td (within ) Tj ET Q q 0 0 0 rg BT 544.50 343.80 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 330.30 Td (end-to-end-services, ) Tj ET Q q 0 0 0 rg BT 193.52 330.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.52 330.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 236.01 330.30 Td (enablers ) Tj ET Q q 0 0 0 rg BT 272.52 330.30 Td (such ) Tj ET Q q 0 0 0 rg BT 293.51 330.30 Td (as ) Tj ET Q q 0 0 0 rg BT 305.00 330.30 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 365.52 330.30 Td (and ) Tj ET Q q 0 0 0 rg BT 382.52 330.30 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 431.00 330.30 Td (to ) Tj ET Q q 0 0 0 rg BT 440.49 330.30 Td (drive ) Tj ET Q q 0 0 0 rg BT 461.98 330.30 Td (change ) Tj ET Q q 0 0 0 rg BT 493.49 330.30 Td (across ) Tj ET Q q 0 0 0 rg BT 521.98 330.30 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.50 316.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.02 316.80 Td (IT) Tj ET Q q 0 0 0 rg BT 134.85 316.80 Td ( ) Tj ET Q q 0 0 0 rg BT 137.35 316.80 Td (processes.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.50 297.30 Td (Deep ) Tj ET Q q 0 0 0 rg BT 96.01 297.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 134.01 297.30 Td (expertise) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 277.80 Td (CGI ) Tj ET Q q 0 0 0 rg BT 90.40 277.80 Td (has ) Tj ET Q q 0 0 0 rg BT 107.81 277.80 Td (long ) Tj ET Q q 0 0 0 rg BT 127.72 277.80 Td (standing ) Tj ET Q q 0 0 0 rg BT 164.65 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 182.56 277.80 Td (focused ) Tj ET Q q 0 0 0 rg BT 216.98 277.80 Td (practices ) Tj ET Q q 0 0 0 rg BT 255.89 277.80 Td (in ) Tj ET Q q 0 0 0 rg BT 265.80 277.80 Td (all ) Tj ET Q q 0 0 0 rg BT 277.70 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 288.10 277.80 Td (its ) Tj ET Q q 0 0 0 rg BT 300.00 277.80 Td (core ) Tj ET Q q 0 0 0 rg BT 320.41 277.80 Td (industries, ) Tj ET Q q 0 0 0 rg BT 364.33 277.80 Td (providing ) Tj ET Q q 0 0 0 rg BT 403.75 277.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 432.16 277.80 Td (with ) Tj ET Q q 0 0 0 rg BT 451.06 277.80 Td (a ) Tj ET Q q 0 0 0 rg BT 458.96 277.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 490.38 277.80 Td (that ) Tj ET Q q 0 0 0 rg BT 508.29 277.80 Td (is ) Tj ET Q q 0 0 0 rg BT 517.69 277.80 Td (not ) Tj ET Q q 0 0 0 rg BT 533.10 277.80 Td (only ) Tj ET Q q 0 0 0 rg BT 552.50 277.80 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 264.30 Td (expert ) Tj ET Q q 0 0 0 rg BT 98.45 264.30 Td (in ) Tj ET Q q 0 0 0 rg BT 107.39 264.30 Td (IT) Tj ET Q q 0 0 0 rg BT 114.39 264.30 Td (, ) Tj ET Q q 0 0 0 rg BT 118.83 264.30 Td (but ) Tj ET Q q 0 0 0 rg BT 133.28 264.30 Td (also ) Tj ET Q q 0 0 0 rg BT 151.73 264.30 Td (expert ) Tj ET Q q 0 0 0 rg BT 178.68 264.30 Td (in ) Tj ET Q q 0 0 0 rg BT 187.62 264.30 Td (their ) Tj ET Q q 0 0 0 rg BT 207.07 264.30 Td (industries. ) Tj ET Q q 0 0 0 rg BT 249.90 264.30 Td (This ) Tj ET Q q 0 0 0 rg BT 268.84 264.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 319.30 264.30 Td (of ) Tj ET Q q 0 0 0 rg BT 328.75 264.30 Td (business ) Tj ET Q q 0 0 0 rg BT 366.21 264.30 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 411.17 264.30 Td (and ) Tj ET Q q 0 0 0 rg BT 428.13 264.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 453.58 264.30 Td (technology ) Tj ET Q q 0 0 0 rg BT 499.05 264.30 Td (expertise ) Tj ET Q q 0 0 0 rg BT 537.51 264.30 Td (allows ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 250.80 Td (us ) Tj ET Q q 0 0 0 rg BT 83.44 250.80 Td (to ) Tj ET Q q 0 0 0 rg BT 93.39 250.80 Td (help ) Tj ET Q q 0 0 0 rg BT 112.85 250.80 Td (our ) Tj ET Q q 0 0 0 rg BT 128.29 250.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 156.24 250.80 Td (navigate ) Tj ET Q q 0 0 0 rg BT 192.71 250.80 Td (complex ) Tj ET Q q 0 0 0 rg BT 228.66 250.80 Td (challenges ) Tj ET Q q 0 0 0 rg BT 274.13 250.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.59 250.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 315.54 250.80 Td (on ) Tj ET Q q 0 0 0 rg BT 327.99 250.80 Td (how ) Tj ET Q q 0 0 0 rg BT 346.94 250.80 Td (to ) Tj ET Q q 0 0 0 rg BT 356.88 250.80 Td (create ) Tj ET Q q 0 0 0 rg BT 384.34 250.80 Td (value. ) Tj ET Q q 0 0 0 rg BT 410.79 250.80 Td (In ) Tj ET Q q 0 0 0 rg BT 420.74 250.80 Td (the ) Tj ET Q q 0 0 0 rg BT 435.69 250.80 Td (process, ) Tj ET Q q 0 0 0 rg BT 472.14 250.80 Td (we ) Tj ET Q q 0 0 0 rg BT 486.08 250.80 Td (evolve ) Tj ET Q q 0 0 0 rg BT 514.54 250.80 Td (the ) Tj ET Q q 0 0 0 rg BT 529.49 250.80 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 237.30 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 237.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 127.04 237.30 Td (we ) Tj ET Q q 0 0 0 rg BT 141.04 237.30 Td (deliver ) Tj ET Q q 0 0 0 rg BT 170.06 237.30 Td (within ) Tj ET Q q 0 0 0 rg BT 195.57 237.30 Td (our ) Tj ET Q q 0 0 0 rg BT 211.07 237.30 Td (targeted ) Tj ET Q q 0 0 0 rg BT 246.60 237.30 Td (industries.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 217.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.41 217.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 129.34 217.80 Td (industries ) Tj ET Q q 0 0 0 rg BT 172.76 217.80 Td (include ) Tj ET Q q 0 0 0 rg BT 206.18 217.80 Td (communications ) Tj ET Q q 0 0 0 rg BT 276.11 217.80 Td (and ) Tj ET Q q 0 0 0 rg BT 296.03 217.80 Td (media, ) Tj ET Q q 0 0 0 rg BT 327.95 217.80 Td (banking, ) Tj ET Q q 0 0 0 rg BT 366.88 217.80 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 413.31 217.80 Td (government, ) Tj ET Q q 0 0 0 rg BT 468.24 217.80 Td (health ) Tj ET Q q 0 0 0 rg BT 497.67 217.80 Td (& ) Tj ET Q q 0 0 0 rg BT 508.58 217.80 Td (life ) Tj ET Q q 0 0 0 rg BT 524.98 217.80 Td (sciences, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 204.30 Td (manufacturing, ) Tj ET Q q 0 0 0 rg BT 133.52 204.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 155.51 204.30 Td (& ) Tj ET Q q 0 0 0 rg BT 164.00 204.30 Td (consumer) Tj ET Q q 0 0 0 rg BT 203.02 204.30 Td (, ) Tj ET Q q 0 0 0 rg BT 208.00 204.30 Td (transportation ) Tj ET Q q 0 0 0 rg BT 265.52 204.30 Td (and ) Tj ET Q q 0 0 0 rg BT 283.02 204.30 Td (logistics, ) Tj ET Q q 0 0 0 rg BT 320.01 204.30 Td (energy ) Tj ET Q q 0 0 0 rg BT 350.02 204.30 Td (and ) Tj ET Q q 0 0 0 rg BT 367.52 204.30 Td (utilities ) Tj ET Q q 0 0 0 rg BT 397.51 204.30 Td (and ) Tj ET Q q 0 0 0 rg BT 415.01 204.30 Td (space. ) Tj ET Q q 0 0 0 rg BT 444.01 204.30 Td (While ) Tj ET Q q 0 0 0 rg BT 469.00 204.30 Td (these ) Tj ET Q q 0 0 0 rg BT 493.50 204.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 534.01 204.30 Td (our ) Tj ET Q q 0 0 0 rg BT 549.50 204.30 Td (go-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 190.80 Td (to-market ) Tj ET Q q 0 0 0 rg BT 112.31 190.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 146.63 190.80 Td (targets, ) Tj ET Q q 0 0 0 rg BT 179.45 190.80 Td (we ) Tj ET Q q 0 0 0 rg BT 193.76 190.80 Td (group ) Tj ET Q q 0 0 0 rg BT 219.58 190.80 Td (these ) Tj ET Q q 0 0 0 rg BT 244.40 190.80 Td (industries ) Tj ET Q q 0 0 0 rg BT 285.73 190.80 Td (into ) Tj ET Q q 0 0 0 rg BT 303.04 190.80 Td (the ) Tj ET Q q 0 0 0 rg BT 318.36 190.80 Td (following ) Tj ET Q q 0 0 0 rg BT 356.18 190.80 Td (for ) Tj ET Q q 0 0 0 rg BT 369.49 190.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 407.82 190.80 Td (purposes: ) Tj ET Q q 0 0 0 rg BT 450.15 190.80 Td (government; ) Tj ET Q q 0 0 0 rg BT 502.98 190.80 Td (manufacturing, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 177.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 93.51 177.30 Td (& ) Tj ET Q q 0 0 0 rg BT 102.01 177.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 148.04 177.30 Td (\(MRD\); ) Tj ET Q q 0 0 0 rg BT 179.53 177.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.05 177.30 Td (services; ) Tj ET Q q 0 0 0 rg BT 253.06 177.30 Td (communications ) Tj ET Q q 0 0 0 rg BT 320.58 177.30 Td (& ) Tj ET Q q 0 0 0 rg BT 329.09 177.30 Td (utilities; ) Tj ET Q q 0 0 0 rg BT 361.60 177.30 Td (and ) Tj ET Q q 0 0 0 rg BT 379.11 177.30 Td (health.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 157.80 Td (As ) Tj ET Q q 0 0 0 rg BT 83.68 157.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.88 157.80 Td (move ) Tj ET Q q 0 0 0 rg BT 121.57 157.80 Td (toward ) Tj ET Q q 0 0 0 rg BT 150.26 157.80 Td (digitization ) Tj ET Q q 0 0 0 rg BT 194.47 157.80 Td (continues ) Tj ET Q q 0 0 0 rg BT 234.67 157.80 Td (across ) Tj ET Q q 0 0 0 rg BT 262.86 157.80 Td (industries, ) Tj ET Q q 0 0 0 rg BT 305.56 157.80 Td (CGI ) Tj ET Q q 0 0 0 rg BT 323.25 157.80 Td (partners ) Tj ET Q q 0 0 0 rg BT 357.94 157.80 Td (with ) Tj ET Q q 0 0 0 rg BT 375.63 157.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 402.82 157.80 Td (to ) Tj ET Q q 0 0 0 rg BT 412.01 157.80 Td (help ) Tj ET Q q 0 0 0 rg BT 430.70 157.80 Td (guide ) Tj ET Q q 0 0 0 rg BT 454.41 157.80 Td (them ) Tj ET Q q 0 0 0 rg BT 476.10 157.80 Td (in ) Tj ET Q q 0 0 0 rg BT 484.78 157.80 Td (becoming ) Tj ET Q q 0 0 0 rg BT 525.49 157.80 Td (customer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 144.30 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 144.30 Td (citizen-centric ) Tj ET Q q 0 0 0 rg BT 146.53 144.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 172.55 144.30 Td (organizations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.50 124.80 Td (Applied ) Tj ET Q q 0 0 0 rg BT 107.00 124.80 Td (innovation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 105.30 Td (At ) Tj ET Q q 0 0 0 rg BT 83.76 105.30 Td (CGI, ) Tj ET Q q 0 0 0 rg BT 106.01 105.30 Td (innovation ) Tj ET Q q 0 0 0 rg BT 150.79 105.30 Td (happens ) Tj ET Q q 0 0 0 rg BT 189.08 105.30 Td (across ) Tj ET Q q 0 0 0 rg BT 219.34 105.30 Td (many ) Tj ET Q q 0 0 0 rg BT 245.10 105.30 Td (interconnected ) Tj ET Q q 0 0 0 rg BT 307.89 105.30 Td (fronts. ) Tj ET Q q 0 0 0 rg BT 336.65 105.30 Td (It ) Tj ET Q q 0 0 0 rg BT 345.40 105.30 Td (starts ) Tj ET Q q 0 0 0 rg BT 371.16 105.30 Td (in ) Tj ET Q q 0 0 0 rg BT 381.91 105.30 Td (our ) Tj ET Q q 0 0 0 rg BT 398.67 105.30 Td (everyday ) Tj ET Q q 0 0 0 rg BT 438.94 105.30 Td (work ) Tj ET Q q 0 0 0 rg BT 461.70 105.30 Td (on ) Tj ET Q q 0 0 0 rg BT 475.46 105.30 Td (client ) Tj ET Q q 0 0 0 rg BT 500.22 105.30 Td (projects, ) Tj ET Q q 0 0 0 rg BT 537.99 105.30 Td (where ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 91.80 Td (thousands ) Tj ET Q q 0 0 0 rg BT 116.11 91.80 Td (of ) Tj ET Q q 0 0 0 rg BT 126.69 91.80 Td (innovations ) Tj ET Q q 0 0 0 rg BT 175.29 91.80 Td (are ) Tj ET Q q 0 0 0 rg BT 191.37 91.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 223.47 91.80 Td (daily) Tj ET Q q 0 0 0 rg BT 241.31 91.80 Td (. ) Tj ET Q q 0 0 0 rg BT 246.69 91.80 Td (Through ) Tj ET Q q 0 0 0 rg BT 283.28 91.80 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 330.87 91.80 Td (in-person ) Tj ET Q q 0 0 0 rg BT 371.47 91.80 Td (interviews ) Tj ET Q q 0 0 0 rg BT 414.55 91.80 Td (we ) Tj ET Q q 0 0 0 rg BT 429.13 91.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 463.73 91.80 Td (each ) Tj ET Q q 0 0 0 rg BT 486.32 91.80 Td (year) Tj ET Q q 0 0 0 rg BT 503.33 91.80 Td (, ) Tj ET Q q 0 0 0 rg BT 508.90 91.80 Td (business ) Tj ET Q q 0 0 0 rg BT 547.50 91.80 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 78.30 Td (technology ) Tj ET Q q 0 0 0 rg BT 117.27 78.30 Td (executives ) Tj ET Q q 0 0 0 rg BT 162.02 78.30 Td (share ) Tj ET Q q 0 0 0 rg BT 186.77 78.30 Td (their ) Tj ET Q q 0 0 0 rg BT 206.52 78.30 Td (priorities ) Tj ET Q q 0 0 0 rg BT 242.76 78.30 Td (with ) Tj ET Q q 0 0 0 rg BT 261.00 78.30 Td (us, ) Tj ET Q q 0 0 0 rg BT 275.24 78.30 Td (informing ) Tj ET Q q 0 0 0 rg BT 314.49 78.30 Td (our ) Tj ET Q q 0 0 0 rg BT 329.74 78.30 Td (own ) Tj ET Q q 0 0 0 rg BT 348.48 78.30 Td (innovation ) Tj ET Q q 0 0 0 rg BT 391.75 78.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 442.00 78.30 Td (and ) Tj ET Q q 0 0 0 rg BT 459.25 78.30 Td (driving ) Tj ET Q q 0 0 0 rg BT 488.00 78.30 Td (our ) Tj ET Q q 0 0 0 rg BT 503.25 78.30 Td (client ) Tj ET Q q 0 0 0 rg BT 526.49 78.30 Td (proximity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 64.80 Td (teams' ) Tj ET Q q 0 0 0 rg BT 100.23 64.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 124.24 64.80 Td (on ) Tj ET Q q 0 0 0 rg BT 136.75 64.80 Td (local ) Tj ET Q q 0 0 0 rg BT 157.76 64.80 Td (client ) Tj ET Q q 0 0 0 rg BT 181.27 64.80 Td (priorities. ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.85 22.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 708.95 Td (Since ) Tj ET Q q 0 0 0 rg BT 95.92 708.95 Td (1976, ) Tj ET Q q 0 0 0 rg BT 120.35 708.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 138.26 708.95 Td (is ) Tj ET Q q 0 0 0 rg BT 146.66 708.95 Td (a ) Tj ET Q q 0 0 0 rg BT 153.58 708.95 Td (trusted ) Tj ET Q q 0 0 0 rg BT 183.00 708.95 Td (partner ) Tj ET Q q 0 0 0 rg BT 213.42 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 222.33 708.95 Td (delivering ) Tj ET Q q 0 0 0 rg BT 262.76 708.95 Td (innovative, ) Tj ET Q q 0 0 0 rg BT 307.70 708.95 Td (client-inspired ) Tj ET Q q 0 0 0 rg BT 365.13 708.95 Td (business ) Tj ET Q q 0 0 0 rg BT 402.56 708.95 Td (services ) Tj ET Q q 0 0 0 rg BT 437.47 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 454.40 708.95 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 494.32 708.95 Td (W) Tj ET Q q 0 0 0 rg BT 502.66 708.95 Td (e ) Tj ET Q q 0 0 0 rg BT 509.57 708.95 Td (help ) Tj ET Q q 0 0 0 rg BT 528.49 708.95 Td (develop, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 695.45 Td (innovate ) Tj ET Q q 0 0 0 rg BT 107.92 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 125.33 695.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 155.24 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 170.15 695.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 216.08 695.45 Td (that ) Tj ET Q q 0 0 0 rg BT 233.49 695.45 Td (enables ) Tj ET Q q 0 0 0 rg BT 267.41 695.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 295.31 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 305.21 695.45 Td (achieve ) Tj ET Q q 0 0 0 rg BT 338.63 695.45 Td (their ) Tj ET Q q 0 0 0 rg BT 358.53 695.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 384.44 695.45 Td (transformation ) Tj ET Q q 0 0 0 rg BT 444.36 695.45 Td (goals ) Tj ET Q q 0 0 0 rg BT 468.28 695.45 Td (faster) Tj ET Q q 0 0 0 rg BT 490.29 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 495.18 695.45 Td (with ) Tj ET Q q 0 0 0 rg BT 513.58 695.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 548.50 695.45 Td (risk ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 681.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 681.95 Td (enduring ) Tj ET Q q 0 0 0 rg BT 126.55 681.95 Td (results. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 662.45 Td (W) Tj ET Q q 0 0 0 rg BT 79.83 662.45 Td (e ) Tj ET Q q 0 0 0 rg BT 87.52 662.45 Td (partner ) Tj ET Q q 0 0 0 rg BT 118.71 662.45 Td (with ) Tj ET Q q 0 0 0 rg BT 137.39 662.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 165.58 662.45 Td (to ) Tj ET Q q 0 0 0 rg BT 175.77 662.45 Td (enable ) Tj ET Q q 0 0 0 rg BT 205.47 662.45 Td (their ) Tj ET Q q 0 0 0 rg BT 225.66 662.45 Td (business ) Tj ET Q q 0 0 0 rg BT 263.86 662.45 Td (agility ) Tj ET Q q 0 0 0 rg BT 289.55 662.45 Td (through ) Tj ET Q q 0 0 0 rg BT 322.75 662.45 Td (a ) Tj ET Q q 0 0 0 rg BT 330.44 662.45 Td (range ) Tj ET Q q 0 0 0 rg BT 356.13 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 366.32 662.45 Td (business ) Tj ET Q q 0 0 0 rg BT 404.52 662.45 Td (and ) Tj ET Q q 0 0 0 rg BT 422.21 662.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 448.41 662.45 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 488.10 662.45 Td (focused ) Tj ET Q q 0 0 0 rg BT 522.30 662.45 Td (on ) Tj ET Q q 0 0 0 rg BT 534.99 662.45 Td (human ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 648.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 100.74 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 118.97 648.95 Td (culture ) Tj ET Q q 0 0 0 rg BT 149.20 648.95 Td (practices, ) Tj ET Q q 0 0 0 rg BT 190.94 648.95 Td (process ) Tj ET Q q 0 0 0 rg BT 225.67 648.95 Td (automation, ) Tj ET Q q 0 0 0 rg BT 275.92 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 294.16 648.95 Td (data ) Tj ET Q q 0 0 0 rg BT 314.89 648.95 Td (analytics. ) Tj ET Q q 0 0 0 rg BT 355.42 648.95 Td (T) Tj ET Q q 0 0 0 rg BT 359.92 648.95 Td (echnology ) Tj ET Q q 0 0 0 rg BT 404.17 648.95 Td (is ) Tj ET Q q 0 0 0 rg BT 413.89 648.95 Td (a ) Tj ET Q q 0 0 0 rg BT 422.11 648.95 Td (key ) Tj ET Q q 0 0 0 rg BT 439.34 648.95 Td (element ) Tj ET Q q 0 0 0 rg BT 474.58 648.95 Td (of ) Tj ET Q q 0 0 0 rg BT 485.30 648.95 Td (the ) Tj ET Q q 0 0 0 rg BT 501.03 648.95 Td (value ) Tj ET Q q 0 0 0 rg BT 525.77 648.95 Td (chains ) Tj ET Q q 0 0 0 rg BT 555.01 648.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 635.45 Td (organizations ) Tj ET Q q 0 0 0 rg BT 127.07 635.45 Td (today) Tj ET Q q 0 0 0 rg BT 148.42 635.45 Td (. ) Tj ET Q q 0 0 0 rg BT 152.95 635.45 Td (W) Tj ET Q q 0 0 0 rg BT 161.28 635.45 Td (e ) Tj ET Q q 0 0 0 rg BT 168.32 635.45 Td (help ) Tj ET Q q 0 0 0 rg BT 187.37 635.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 214.91 635.45 Td (adopt ) Tj ET Q q 0 0 0 rg BT 239.46 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 256.51 635.45 Td (harmonize ) Tj ET Q q 0 0 0 rg BT 300.57 635.45 Td (a ) Tj ET Q q 0 0 0 rg BT 307.60 635.45 Td (number ) Tj ET Q q 0 0 0 rg BT 340.15 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 349.69 635.45 Td (technologies ) Tj ET Q q 0 0 0 rg BT 402.26 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 419.31 635.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 456.85 635.45 Td (such ) Tj ET Q q 0 0 0 rg BT 477.89 635.45 Td (as ) Tj ET Q q 0 0 0 rg BT 489.43 635.45 Td (cloud, ) Tj ET Q q 0 0 0 rg BT 515.48 635.45 Td (automation, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 621.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 621.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 129.05 621.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 167.05 621.95 Td (to ) Tj ET Q q 0 0 0 rg BT 177.06 621.95 Td (build ) Tj ET Q q 0 0 0 rg BT 198.58 621.95 Td (agility) Tj ET Q q 0 0 0 rg BT 220.92 621.95 Td (, ) Tj ET Q q 0 0 0 rg BT 225.92 621.95 Td (elasticity) Tj ET Q q 0 0 0 rg BT 259.76 621.95 Td (, ) Tj ET Q q 0 0 0 rg BT 264.76 621.95 Td (security ) Tj ET Q q 0 0 0 rg BT 298.27 621.95 Td (and ) Tj ET Q q 0 0 0 rg BT 315.79 621.95 Td (resiliency ) Tj ET Q q 0 0 0 rg BT 355.80 621.95 Td (into ) Tj ET Q q 0 0 0 rg BT 372.81 621.95 Td (their ) Tj ET Q q 0 0 0 rg BT 392.82 621.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 438.85 621.95 Td (supply ) Tj ET Q q 0 0 0 rg BT 467.37 621.95 Td (chains. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 602.45 Td (Digital ) Tj ET Q q 0 0 0 rg BT 99.30 602.45 Td (engagement ) Tj ET Q q 0 0 0 rg BT 152.13 602.45 Td (with ) Tj ET Q q 0 0 0 rg BT 170.92 602.45 Td (customers ) Tj ET Q q 0 0 0 rg BT 215.23 602.45 Td (and ) Tj ET Q q 0 0 0 rg BT 233.03 602.45 Td (citizens ) Tj ET Q q 0 0 0 rg BT 265.83 602.45 Td (has ) Tj ET Q q 0 0 0 rg BT 283.13 602.45 Td (taken ) Tj ET Q q 0 0 0 rg BT 307.94 602.45 Td (on ) Tj ET Q q 0 0 0 rg BT 320.74 602.45 Td (new ) Tj ET Q q 0 0 0 rg BT 340.04 602.45 Td (importance. ) Tj ET Q q 0 0 0 rg BT 389.85 602.45 Td (W) Tj ET Q q 0 0 0 rg BT 398.18 602.45 Td (e ) Tj ET Q q 0 0 0 rg BT 405.98 602.45 Td (help ) Tj ET Q q 0 0 0 rg BT 425.79 602.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 454.09 602.45 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 490.90 602.45 Td (their ) Tj ET Q q 0 0 0 rg BT 511.20 602.45 Td (work ) Tj ET Q q 0 0 0 rg BT 532.99 602.45 Td (culture, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 588.95 Td (organizational ) Tj ET Q q 0 0 0 rg BT 129.30 588.95 Td (models, ) Tj ET Q q 0 0 0 rg BT 162.58 588.95 Td (and ) Tj ET Q q 0 0 0 rg BT 179.37 588.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 231.65 588.95 Td (management, ) Tj ET Q q 0 0 0 rg BT 288.45 588.95 Td (as ) Tj ET Q q 0 0 0 rg BT 299.72 588.95 Td (well ) Tj ET Q q 0 0 0 rg BT 316.99 588.95 Td (as ) Tj ET Q q 0 0 0 rg BT 328.26 588.95 Td (adopt ) Tj ET Q q 0 0 0 rg BT 352.55 588.95 Td (modern ) Tj ET Q q 0 0 0 rg BT 384.83 588.95 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 437.63 588.95 Td (and ) Tj ET Q q 0 0 0 rg BT 454.41 588.95 Td (resilient ) Tj ET Q q 0 0 0 rg BT 487.19 588.95 Td (business ) Tj ET Q q 0 0 0 rg BT 524.48 588.95 Td (continuity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 575.45 Td (plans.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 555.95 Td (T) Tj ET Q q 0 0 0 rg BT 76.00 555.95 Td (echnology ) Tj ET Q q 0 0 0 rg BT 119.53 555.95 Td (will ) Tj ET Q q 0 0 0 rg BT 134.53 555.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 171.06 555.95 Td (to ) Tj ET Q q 0 0 0 rg BT 181.06 555.95 Td (be ) Tj ET Q q 0 0 0 rg BT 193.58 555.95 Td (at ) Tj ET Q q 0 0 0 rg BT 203.58 555.95 Td (the ) Tj ET Q q 0 0 0 rg BT 218.59 555.95 Td (heart ) Tj ET Q q 0 0 0 rg BT 241.61 555.95 Td (of ) Tj ET Q q 0 0 0 rg BT 251.61 555.95 Td (the ) Tj ET Q q 0 0 0 rg BT 266.63 555.95 Td (future ) Tj ET Q q 0 0 0 rg BT 292.14 555.95 Td (value ) Tj ET Q q 0 0 0 rg BT 316.16 555.95 Td (chains ) Tj ET Q q 0 0 0 rg BT 344.67 555.95 Td (that ) Tj ET Q q 0 0 0 rg BT 362.19 555.95 Td (serve ) Tj ET Q q 0 0 0 rg BT 386.69 555.95 Td (our ) Tj ET Q q 0 0 0 rg BT 402.20 555.95 Td (clients) Tj ET Q q 0 0 0 rg BT 429.38 555.95 Td ( ) Tj ET Q q 0 0 0 rg BT 431.88 555.95 Td (consumers ) Tj ET Q q 0 0 0 rg BT 478.39 555.95 Td (and ) Tj ET Q q 0 0 0 rg BT 495.91 555.95 Td (citizens. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.50 536.45 Td (Quality ) Tj ET Q q 0 0 0 rg BT 104.51 536.45 Td (processes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 516.95 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 96.03 516.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 123.86 516.95 Td (expect ) Tj ET Q q 0 0 0 rg BT 152.69 516.95 Td (consistency ) Tj ET Q q 0 0 0 rg BT 202.03 516.95 Td (of ) Tj ET Q q 0 0 0 rg BT 211.85 516.95 Td (service ) Tj ET Q q 0 0 0 rg BT 242.68 516.95 Td (wherever ) Tj ET Q q 0 0 0 rg BT 282.01 516.95 Td (and ) Tj ET Q q 0 0 0 rg BT 299.34 516.95 Td (whenever ) Tj ET Q q 0 0 0 rg BT 340.68 516.95 Td (they ) Tj ET Q q 0 0 0 rg BT 360.01 516.95 Td (engage ) Tj ET Q q 0 0 0 rg BT 392.35 516.95 Td (us. ) Tj ET Q q 0 0 0 rg BT 406.68 516.95 Td (W) Tj ET Q q 0 0 0 rg BT 415.01 516.95 Td (e ) Tj ET Q q 0 0 0 rg BT 422.33 516.95 Td (have ) Tj ET Q q 0 0 0 rg BT 444.16 516.95 Td (an ) Tj ET Q q 0 0 0 rg BT 456.49 516.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 505.34 516.95 Td (track ) Tj ET Q q 0 0 0 rg BT 527.16 516.95 Td (record ) Tj ET Q q 0 0 0 rg BT 554.99 516.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 503.45 Td (on-time, ) Tj ET Q q 0 0 0 rg BT 108.01 503.45 Td (within-budget ) Tj ET Q q 0 0 0 rg BT 165.55 503.45 Td (delivery ) Tj ET Q q 0 0 0 rg BT 200.57 503.45 Td (as ) Tj ET Q q 0 0 0 rg BT 214.08 503.45 Td (a ) Tj ET Q q 0 0 0 rg BT 223.09 503.45 Td (result ) Tj ET Q q 0 0 0 rg BT 249.10 503.45 Td (of ) Tj ET Q q 0 0 0 rg BT 260.61 503.45 Td (our ) Tj ET Q q 0 0 0 rg BT 277.62 503.45 Td (commitment ) Tj ET Q q 0 0 0 rg BT 330.63 503.45 Td (to ) Tj ET Q q 0 0 0 rg BT 342.14 503.45 Td (excellence ) Tj ET Q q 0 0 0 rg BT 388.67 503.45 Td (and ) Tj ET Q q 0 0 0 rg BT 407.69 503.45 Td (our ) Tj ET Q q 0 0 0 rg BT 424.70 503.45 Td (robust ) Tj ET Q q 0 0 0 rg BT 453.72 503.45 Td (governance ) Tj ET Q q 0 0 0 rg BT 504.76 503.45 Td (model ) Tj ET Q q 0 0 0 rg BT 533.28 503.45 Td (- ) Tj ET Q q 0 0 0 rg BT 540.28 503.45 Td (CGI's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 489.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.12 489.95 Td (Foundation. ) Tj ET Q q 0 0 0 rg BT 175.74 489.95 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 200.04 489.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 254.66 489.95 Td (Foundation ) Tj ET Q q 0 0 0 rg BT 301.78 489.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 337.88 489.95 Td (a ) Tj ET Q q 0 0 0 rg BT 344.98 489.95 Td (common ) Tj ET Q q 0 0 0 rg BT 381.57 489.95 Td (business ) Tj ET Q q 0 0 0 rg BT 419.18 489.95 Td (language, ) Tj ET Q q 0 0 0 rg BT 460.80 489.95 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 509.39 489.95 Td (and ) Tj ET Q q 0 0 0 rg BT 526.50 489.95 Td (practices ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 476.45 Td (for ) Tj ET Q q 0 0 0 rg BT 85.41 476.45 Td (managing ) Tj ET Q q 0 0 0 rg BT 128.35 476.45 Td (all ) Tj ET Q q 0 0 0 rg BT 140.76 476.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 186.20 476.45 Td (consistently ) Tj ET Q q 0 0 0 rg BT 236.63 476.45 Td (across ) Tj ET Q q 0 0 0 rg BT 266.54 476.45 Td (the ) Tj ET Q q 0 0 0 rg BT 282.46 476.45 Td (globe, ) Tj ET Q q 0 0 0 rg BT 310.39 476.45 Td (driving ) Tj ET Q q 0 0 0 rg BT 340.31 476.45 Td (a ) Tj ET Q q 0 0 0 rg BT 348.72 476.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 373.64 476.45 Td (on ) Tj ET Q q 0 0 0 rg BT 387.06 476.45 Td (continuous ) Tj ET Q q 0 0 0 rg BT 434.00 476.45 Td (improvement. ) Tj ET Q q 0 0 0 rg BT 491.93 476.45 Td (W) Tj ET Q q 0 0 0 rg BT 500.26 476.45 Td (e ) Tj ET Q q 0 0 0 rg BT 508.67 476.45 Td (also ) Tj ET Q q 0 0 0 rg BT 528.59 476.45 Td (invest ) Tj ET Q q 0 0 0 rg BT 555.51 476.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 462.95 Td (rigorous ) Tj ET Q q 0 0 0 rg BT 106.54 462.95 Td (quality ) Tj ET Q q 0 0 0 rg BT 135.07 462.95 Td (and ) Tj ET Q q 0 0 0 rg BT 152.61 462.95 Td (service ) Tj ET Q q 0 0 0 rg BT 183.64 462.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 217.17 462.95 Td (standards ) Tj ET Q q 0 0 0 rg BT 259.22 462.95 Td (\(including ) Tj ET Q q 0 0 0 rg BT 300.26 462.95 Td (ISO ) Tj ET Q q 0 0 0 rg BT 318.29 462.95 Td (and ) Tj ET Q q 0 0 0 rg BT 335.83 462.95 Td (Capability ) Tj ET Q q 0 0 0 rg BT 377.87 462.95 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 412.40 462.95 Td (Model ) Tj ET Q q 0 0 0 rg BT 439.43 462.95 Td (Integration ) Tj ET Q q 0 0 0 rg BT 484.48 462.95 Td (\(CMMI\) ) Tj ET Q q 0 0 0 rg BT 516.99 462.95 Td (certification ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 449.45 Td (programs\), ) Tj ET Q q 0 0 0 rg BT 117.56 449.45 Td (as ) Tj ET Q q 0 0 0 rg BT 129.62 449.45 Td (well ) Tj ET Q q 0 0 0 rg BT 147.68 449.45 Td (as ) Tj ET Q q 0 0 0 rg BT 159.74 449.45 Td (a ) Tj ET Q q 0 0 0 rg BT 167.30 449.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 230.89 449.45 Td (Client ) Tj ET Q q 0 0 0 rg BT 256.45 449.45 Td (Satisfaction ) Tj ET Q q 0 0 0 rg BT 305.02 449.45 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 356.59 449.45 Td (Program, ) Tj ET Q q 0 0 0 rg BT 396.16 449.45 Td (with ) Tj ET Q q 0 0 0 rg BT 414.72 449.45 Td (signed ) Tj ET Q q 0 0 0 rg BT 443.79 449.45 Td (client ) Tj ET Q q 0 0 0 rg BT 467.36 449.45 Td (assessments, ) Tj ET Q q 0 0 0 rg BT 524.93 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 534.99 449.45 Td (ensure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 435.95 Td (high ) Tj ET Q q 0 0 0 rg BT 91.02 435.95 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 138.54 435.95 Td (on ) Tj ET Q q 0 0 0 rg BT 151.05 435.95 Td (an ) Tj ET Q q 0 0 0 rg BT 163.56 435.95 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 198.09 435.95 Td (basis.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 410.45 Td (1.2. ) Tj ET Q q 0 0 0 rg BT 91.01 410.45 Td (VISION ) Tj ET Q q 0 0 0 rg BT 123.69 410.45 Td (AND ) Tj ET Q q 0 0 0 rg BT 145.68 410.45 Td (STRA) Tj ET Q q 0 0 0 rg BT 169.52 410.45 Td (TEGY) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 390.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 89.69 390.95 Td (is ) Tj ET Q q 0 0 0 rg BT 98.39 390.95 Td (unique ) Tj ET Q q 0 0 0 rg BT 127.61 390.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 169.82 390.95 Td (to ) Tj ET Q q 0 0 0 rg BT 179.52 390.95 Td (most ) Tj ET Q q 0 0 0 rg BT 201.22 390.95 Td (companies, ) Tj ET Q q 0 0 0 rg BT 249.44 390.95 Td (as ) Tj ET Q q 0 0 0 rg BT 261.14 390.95 Td (our ) Tj ET Q q 0 0 0 rg BT 276.34 390.95 Td (vision ) Tj ET Q q 0 0 0 rg BT 301.54 390.95 Td (is ) Tj ET Q q 0 0 0 rg BT 310.23 390.95 Td (based ) Tj ET Q q 0 0 0 rg BT 336.95 390.95 Td (on ) Tj ET Q q 0 0 0 rg BT 349.15 390.95 Td (a ) Tj ET Q q 0 0 0 rg BT 356.35 390.95 Td (dream: ) Tj ET Q q 0 0 0 rg BT 386.56 390.95 Td (T) Tj ET Q q 0 0 0 rg BT 394.06 390.95 Td (o ) Tj ET Q q 0 0 0 rg BT 401.25 390.95 Td (create ) Tj ET Q q 0 0 0 rg BT 428.46 390.95 Td (an ) Tj ET Q q 0 0 0 rg BT 440.67 390.95 Td (environment ) Tj ET Q q 0 0 0 rg BT 492.39 390.95 Td (in ) Tj ET Q q 0 0 0 rg BT 501.59 390.95 Td (which ) Tj ET Q q 0 0 0 rg BT 526.79 390.95 Td (we ) Tj ET Q q 0 0 0 rg BT 540.49 390.95 Td (enjoy ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 377.45 Td (working ) Tj ET Q q 0 0 0 rg BT 105.01 377.45 Td (together ) Tj ET Q q 0 0 0 rg BT 140.53 377.45 Td (and, ) Tj ET Q q 0 0 0 rg BT 160.54 377.45 Td (as ) Tj ET Q q 0 0 0 rg BT 172.54 377.45 Td (owners, ) Tj ET Q q 0 0 0 rg BT 206.55 377.45 Td (contribute ) Tj ET Q q 0 0 0 rg BT 248.57 377.45 Td (to ) Tj ET Q q 0 0 0 rg BT 258.57 377.45 Td (building ) Tj ET Q q 0 0 0 rg BT 292.09 377.45 Td (a ) Tj ET Q q 0 0 0 rg BT 299.59 377.45 Td (company ) Tj ET Q q 0 0 0 rg BT 338.61 377.45 Td (we ) Tj ET Q q 0 0 0 rg BT 352.61 377.45 Td (can ) Tj ET Q q 0 0 0 rg BT 369.61 377.45 Td (be ) Tj ET Q q 0 0 0 rg BT 382.12 377.45 Td (proud ) Tj ET Q q 0 0 0 rg BT 407.64 377.45 Td (of. ) Tj ET Q q 0 0 0 rg BT 422.97 377.45 Td (This ) Tj ET Q q 0 0 0 rg BT 442.47 377.45 Td (dream ) Tj ET Q q 0 0 0 rg BT 470.48 377.45 Td (has ) Tj ET Q q 0 0 0 rg BT 487.48 377.45 Td (motivated ) Tj ET Q q 0 0 0 rg BT 529.00 377.45 Td (us ) Tj ET Q q 0 0 0 rg BT 541.00 377.45 Td (since ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 363.95 Td (our ) Tj ET Q q 0 0 0 rg BT 86.56 363.95 Td (founding ) Tj ET Q q 0 0 0 rg BT 123.13 363.95 Td (in ) Tj ET Q q 0 0 0 rg BT 132.19 363.95 Td (1976 ) Tj ET Q q 0 0 0 rg BT 154.26 363.95 Td (and ) Tj ET Q q 0 0 0 rg BT 171.32 363.95 Td (drives ) Tj ET Q q 0 0 0 rg BT 197.37 363.95 Td (our ) Tj ET Q q 0 0 0 rg BT 212.43 363.95 Td (vision: ) Tj ET Q q 0 0 0 rg BT 239.99 363.95 Td (T) Tj ET Q q 0 0 0 rg BT 247.48 363.95 Td (o ) Tj ET Q q 0 0 0 rg BT 254.54 363.95 Td (be ) Tj ET Q q 0 0 0 rg BT 266.59 363.95 Td (a ) Tj ET Q q 0 0 0 rg BT 273.65 363.95 Td (global, ) Tj ET Q q 0 0 0 rg BT 302.22 363.95 Td (world-class ) Tj ET Q q 0 0 0 rg BT 349.27 363.95 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 394.85 363.95 Td (IT) Tj ET Q q 0 0 0 rg BT 402.69 363.95 Td ( ) Tj ET Q q 0 0 0 rg BT 404.73 363.95 Td (and ) Tj ET Q q 0 0 0 rg BT 421.80 363.95 Td (business ) Tj ET Q q 0 0 0 rg BT 459.37 363.95 Td (consulting ) Tj ET Q q 0 0 0 rg BT 501.94 363.95 Td (services ) Tj ET Q q 0 0 0 rg BT 536.99 363.95 Td (leader ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 350.45 Td (helping ) Tj ET Q q 0 0 0 rg BT 103.03 350.45 Td (our ) Tj ET Q q 0 0 0 rg BT 118.53 350.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 146.55 350.45 Td (succeed.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 330.95 Td (In ) Tj ET Q q 0 0 0 rg BT 80.84 330.95 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 117.20 330.95 Td (our ) Tj ET Q q 0 0 0 rg BT 132.05 330.95 Td (dream ) Tj ET Q q 0 0 0 rg BT 159.39 330.95 Td (and ) Tj ET Q q 0 0 0 rg BT 176.25 330.95 Td (vision, ) Tj ET Q q 0 0 0 rg BT 203.59 330.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 221.43 330.95 Td (has ) Tj ET Q q 0 0 0 rg BT 237.78 330.95 Td (been ) Tj ET Q q 0 0 0 rg BT 259.63 330.95 Td (highly ) Tj ET Q q 0 0 0 rg BT 284.99 330.95 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 328.85 330.95 Td (throughout ) Tj ET Q q 0 0 0 rg BT 373.72 330.95 Td (its ) Tj ET Q q 0 0 0 rg BT 384.56 330.95 Td (history ) Tj ET Q q 0 0 0 rg BT 412.90 330.95 Td (in ) Tj ET Q q 0 0 0 rg BT 421.74 330.95 Td (executing ) Tj ET Q q 0 0 0 rg BT 462.10 330.95 Td (a ) Tj ET Q q 0 0 0 rg BT 468.95 330.95 Td (Build ) Tj ET Q q 0 0 0 rg BT 490.80 330.95 Td (and ) Tj ET Q q 0 0 0 rg BT 507.65 330.95 Td (Buy ) Tj ET Q q 0 0 0 rg BT 524.99 330.95 Td (profitable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 317.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 101.01 317.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 135.53 317.45 Td (comprised ) Tj ET Q q 0 0 0 rg BT 179.54 317.45 Td (of ) Tj ET Q q 0 0 0 rg BT 189.55 317.45 Td (four ) Tj ET Q q 0 0 0 rg BT 207.56 317.45 Td (pillars ) Tj ET Q q 0 0 0 rg BT 233.57 317.45 Td (that ) Tj ET Q q 0 0 0 rg BT 251.08 317.45 Td (combine ) Tj ET Q q 0 0 0 rg BT 287.60 317.45 Td (profitable ) Tj ET Q q 0 0 0 rg BT 327.12 317.45 Td (organic ) Tj ET Q q 0 0 0 rg BT 359.14 317.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 388.65 317.45 Td (\(Build\) ) Tj ET Q q 0 0 0 rg BT 417.16 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.68 317.45 Td (accretive ) Tj ET Q q 0 0 0 rg BT 473.19 317.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 522.72 317.45 Td (\(Buy\):) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.00 297.95 Td (Pillar ) Tj ET Q q 0 0 0 rg BT 109.51 297.95 Td (1: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.02 297.95 Td (Win, ) Tj ET Q q 0 0 0 rg BT 140.52 297.95 Td (renew ) Tj ET Q q 0 0 0 rg BT 167.53 297.95 Td (and ) Tj ET Q q 0 0 0 rg BT 185.05 297.95 Td (extend ) Tj ET Q q 0 0 0 rg BT 214.57 297.95 Td (contracts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.00 278.45 Td (Pillar ) Tj ET Q q 0 0 0 rg BT 109.51 278.45 Td (2: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.02 278.45 Td (New ) Tj ET Q q 0 0 0 rg BT 140.52 278.45 Td (large ) Tj ET Q q 0 0 0 rg BT 163.03 278.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 203.06 278.45 Td (IT) Tj ET Q q 0 0 0 rg BT 210.90 278.45 Td ( ) Tj ET Q q 0 0 0 rg BT 213.40 278.45 Td (and ) Tj ET Q q 0 0 0 rg BT 230.92 278.45 Td (business ) Tj ET Q q 0 0 0 rg BT 268.94 278.45 Td (process ) Tj ET Q q 0 0 0 rg BT 302.95 278.45 Td (services ) Tj ET Q q 0 0 0 rg BT 338.46 278.45 Td (contracts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 256.80 Td (These ) Tj ET Q q 0 0 0 rg BT 98.92 256.80 Td (first ) Tj ET Q q 0 0 0 rg BT 115.83 256.80 Td (two ) Tj ET Q q 0 0 0 rg BT 132.24 256.80 Td (pillars ) Tj ET Q q 0 0 0 rg BT 158.16 256.80 Td (relate ) Tj ET Q q 0 0 0 rg BT 183.08 256.80 Td (to ) Tj ET Q q 0 0 0 rg BT 192.99 256.80 Td (driving ) Tj ET Q q 0 0 0 rg BT 221.92 256.80 Td (profitable ) Tj ET Q q 0 0 0 rg BT 261.35 256.80 Td (organic ) Tj ET Q q 0 0 0 rg BT 293.27 256.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 322.70 256.80 Td (through ) Tj ET Q q 0 0 0 rg BT 355.63 256.80 Td (the ) Tj ET Q q 0 0 0 rg BT 370.55 256.80 Td (pursuit ) Tj ET Q q 0 0 0 rg BT 399.97 256.80 Td (of ) Tj ET Q q 0 0 0 rg BT 409.89 256.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 448.81 256.80 Td (with ) Tj ET Q q 0 0 0 rg BT 467.22 256.80 Td (new ) Tj ET Q q 0 0 0 rg BT 486.14 256.80 Td (and ) Tj ET Q q 0 0 0 rg BT 503.57 256.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 536.49 256.80 Td (clients ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 241.15 Td (in ) Tj ET Q q 0 0 0 rg BT 81.02 241.15 Td (our ) Tj ET Q q 0 0 0 rg BT 96.54 241.15 Td (targeted ) Tj ET Q q 0 0 0 rg BT 132.08 241.15 Td (industries. ) Tj ET Q q 0 0 0 rg BT 175.61 241.15 Td (Successes ) Tj ET Q q 0 0 0 rg BT 221.64 241.15 Td (in ) Tj ET Q q 0 0 0 rg BT 231.16 241.15 Td (these ) Tj ET Q q 0 0 0 rg BT 255.69 241.15 Td (pillars ) Tj ET Q q 0 0 0 rg BT 281.70 241.15 Td (reflect ) Tj ET Q q 0 0 0 rg BT 308.73 241.15 Td (the ) Tj ET Q q 0 0 0 rg BT 323.75 241.15 Td (strength ) Tj ET Q q 0 0 0 rg BT 358.78 241.15 Td (of ) Tj ET Q q 0 0 0 rg BT 368.80 241.15 Td (our ) Tj ET Q q 0 0 0 rg BT 384.32 241.15 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 430.37 241.15 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 464.90 241.15 Td (of ) Tj ET Q q 0 0 0 rg BT 474.92 241.15 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 524.45 241.15 Td (the ) Tj ET Q q 0 0 0 rg BT 539.48 241.15 Td (depth ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 81.89 225.50 Td (expertise ) Tj ET Q q 0 0 0 rg BT 121.30 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.69 225.50 Td (our ) Tj ET Q q 0 0 0 rg BT 147.59 225.50 Td (consultants ) Tj ET Q q 0 0 0 rg BT 196.00 225.50 Td (in ) Tj ET Q q 0 0 0 rg BT 205.90 225.50 Td (business ) Tj ET Q q 0 0 0 rg BT 244.31 225.50 Td (and ) Tj ET Q q 0 0 0 rg BT 262.21 225.50 Td (IT) Tj ET Q q 0 0 0 rg BT 269.21 225.50 Td (, ) Tj ET Q q 0 0 0 rg BT 274.60 225.50 Td (and ) Tj ET Q q 0 0 0 rg BT 292.50 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.90 225.50 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 359.82 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 370.22 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 225.50 Td (proximity ) Tj ET Q q 0 0 0 rg BT 424.51 225.50 Td (model ) Tj ET Q q 0 0 0 rg BT 451.91 225.50 Td (by ) Tj ET Q q 0 0 0 rg BT 464.30 225.50 Td (our ) Tj ET Q q 0 0 0 rg BT 480.20 225.50 Td (clients, ) Tj ET Q q 0 0 0 rg BT 511.09 225.50 Td (both ) Tj ET Q q 0 0 0 rg BT 531.50 225.50 Td (existing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 209.85 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 209.85 Td (potential.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.00 190.35 Td (Pillar ) Tj ET Q q 0 0 0 rg BT 109.51 190.35 Td (3: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.02 190.35 Td (Metro ) Tj ET Q q 0 0 0 rg BT 145.52 190.35 Td (market ) Tj ET Q q 0 0 0 rg BT 175.53 190.35 Td (acquisitions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 168.65 Td (The ) Tj ET Q q 0 0 0 rg BT 89.49 168.65 Td (third ) Tj ET Q q 0 0 0 rg BT 109.49 168.65 Td (pillar ) Tj ET Q q 0 0 0 rg BT 130.98 168.65 Td (focuses ) Tj ET Q q 0 0 0 rg BT 164.48 168.65 Td (on ) Tj ET Q q 0 0 0 rg BT 176.98 168.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 206.48 168.65 Td (through ) Tj ET Q q 0 0 0 rg BT 239.49 168.65 Td (metro ) Tj ET Q q 0 0 0 rg BT 264.98 168.65 Td (market ) Tj ET Q q 0 0 0 rg BT 294.97 168.65 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 346.98 168.65 Td (complementing ) Tj ET Q q 0 0 0 rg BT 410.50 168.65 Td (the ) Tj ET Q q 0 0 0 rg BT 425.50 168.65 Td (proximity ) Tj ET Q q 0 0 0 rg BT 463.99 168.65 Td (model, ) Tj ET Q q 0 0 0 rg BT 493.49 168.65 Td (helping ) Tj ET Q q 0 0 0 rg BT 525.00 168.65 Td (provide ) Tj ET Q q 0 0 0 rg BT 557.00 168.65 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 153.00 Td (fuller ) Tj ET Q q 0 0 0 rg BT 94.90 153.00 Td (range ) Tj ET Q q 0 0 0 rg BT 121.82 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.22 153.00 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 180.65 153.00 Td (services. ) Tj ET Q q 0 0 0 rg BT 220.05 153.00 Td (W) Tj ET Q q 0 0 0 rg BT 228.38 153.00 Td (e ) Tj ET Q q 0 0 0 rg BT 237.29 153.00 Td (identify ) Tj ET Q q 0 0 0 rg BT 269.70 153.00 Td (metro ) Tj ET Q q 0 0 0 rg BT 296.60 153.00 Td (market ) Tj ET Q q 0 0 0 rg BT 328.00 153.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 378.92 153.00 Td (through ) Tj ET Q q 0 0 0 rg BT 413.34 153.00 Td (a ) Tj ET Q q 0 0 0 rg BT 422.24 153.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 460.15 153.00 Td (qualification ) Tj ET Q q 0 0 0 rg BT 511.58 153.00 Td (process ) Tj ET Q q 0 0 0 rg BT 546.99 153.00 Td (that ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 137.35 Td (systematically ) Tj ET Q q 0 0 0 rg BT 130.25 137.35 Td (searches ) Tj ET Q q 0 0 0 rg BT 169.50 137.35 Td (for ) Tj ET Q q 0 0 0 rg BT 182.74 137.35 Td (targets ) Tj ET Q q 0 0 0 rg BT 212.99 137.35 Td (to ) Tj ET Q q 0 0 0 rg BT 223.24 137.35 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 268.50 137.35 Td (our ) Tj ET Q q 0 0 0 rg BT 284.25 137.35 Td (proximity ) Tj ET Q q 0 0 0 rg BT 322.99 137.35 Td (model, ) Tj ET Q q 0 0 0 rg BT 352.74 137.35 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 397.00 137.35 Td (strong ) Tj ET Q q 0 0 0 rg BT 424.75 137.35 Td (local ) Tj ET Q q 0 0 0 rg BT 446.00 137.35 Td (relationships ) Tj ET Q q 0 0 0 rg BT 499.26 137.35 Td (with ) Tj ET Q q 0 0 0 rg BT 518.00 137.35 Td (customers, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 121.70 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 121.70 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 133.05 121.70 Td (our ) Tj ET Q q 0 0 0 rg BT 148.56 121.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 182.58 121.70 Td (expertise, ) Tj ET Q q 0 0 0 rg BT 224.10 121.70 Td (services ) Tj ET Q q 0 0 0 rg BT 259.60 121.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.12 121.70 Td (solutions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.00 102.20 Td (Pillar ) Tj ET Q q 0 0 0 rg BT 109.51 102.20 Td (4: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.02 102.20 Td (Large, ) Tj ET Q q 0 0 0 rg BT 148.04 102.20 Td (transformational ) Tj ET Q q 0 0 0 rg BT 215.06 102.20 Td (acquisitions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 82.70 Td (W) Tj ET Q q 0 0 0 rg BT 79.83 82.70 Td (e ) Tj ET Q q 0 0 0 rg BT 86.94 82.70 Td (also ) Tj ET Q q 0 0 0 rg BT 105.56 82.70 Td (pursue ) Tj ET Q q 0 0 0 rg BT 135.18 82.70 Td (large ) Tj ET Q q 0 0 0 rg BT 157.30 82.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 206.43 82.70 Td (to ) Tj ET Q q 0 0 0 rg BT 216.05 82.70 Td (further ) Tj ET Q q 0 0 0 rg BT 244.16 82.70 Td (expand ) Tj ET Q q 0 0 0 rg BT 275.80 82.70 Td (our ) Tj ET Q q 0 0 0 rg BT 290.91 82.70 Td (geographic ) Tj ET Q q 0 0 0 rg BT 337.55 82.70 Td (presence ) Tj ET Q q 0 0 0 rg BT 376.68 82.70 Td (and ) Tj ET Q q 0 0 0 rg BT 393.80 82.70 Td (critical ) Tj ET Q q 0 0 0 rg BT 421.41 82.70 Td (mass, ) Tj ET Q q 0 0 0 rg BT 447.52 82.70 Td (which ) Tj ET Q q 0 0 0 rg BT 472.63 82.70 Td (enables ) Tj ET Q q 0 0 0 rg BT 506.27 82.70 Td (us ) Tj ET Q q 0 0 0 rg BT 517.88 82.70 Td (to ) Tj ET Q q 0 0 0 rg BT 527.49 82.70 Td (compete ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 69.20 Td (for ) Tj ET Q q 0 0 0 rg BT 84.66 69.20 Td (large ) Tj ET Q q 0 0 0 rg BT 107.34 69.20 Td (managed ) Tj ET Q q 0 0 0 rg BT 147.53 69.20 Td (IT) Tj ET Q q 0 0 0 rg BT 155.37 69.20 Td ( ) Tj ET Q q 0 0 0 rg BT 158.03 69.20 Td (and ) Tj ET Q q 0 0 0 rg BT 175.70 69.20 Td (business ) Tj ET Q q 0 0 0 rg BT 213.89 69.20 Td (process ) Tj ET Q q 0 0 0 rg BT 248.06 69.20 Td (services ) Tj ET Q q 0 0 0 rg BT 283.73 69.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 322.91 69.20 Td (and ) Tj ET Q q 0 0 0 rg BT 340.58 69.20 Td (broaden ) Tj ET Q q 0 0 0 rg BT 376.28 69.20 Td (our ) Tj ET Q q 0 0 0 rg BT 391.94 69.20 Td (client ) Tj ET Q q 0 0 0 rg BT 415.62 69.20 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 471.31 69.20 Td (CGI ) Tj ET Q q 0 0 0 rg BT 489.97 69.20 Td (will ) Tj ET Q q 0 0 0 rg BT 505.13 69.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 541.82 69.20 Td (to ) Tj ET Q q 0 0 0 rg BT 551.98 69.20 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 55.70 Td (a ) Tj ET Q q 0 0 0 rg BT 79.01 55.70 Td (consolidator ) Tj ET Q q 0 0 0 rg BT 130.04 55.70 Td (in ) Tj ET Q q 0 0 0 rg BT 139.54 55.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.55 55.70 Td (IT) Tj ET Q q 0 0 0 rg BT 162.39 55.70 Td ( ) Tj ET Q q 0 0 0 rg BT 164.89 55.70 Td (services ) Tj ET Q q 0 0 0 rg BT 200.40 55.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 234.41 55.70 Td (by ) Tj ET Q q 0 0 0 rg BT 246.42 55.70 Td (being ) Tj ET Q q 0 0 0 rg BT 270.94 55.70 Td (active ) Tj ET Q q 0 0 0 rg BT 296.95 55.70 Td (on ) Tj ET Q q 0 0 0 rg BT 309.46 55.70 Td (both ) Tj ET Q q 0 0 0 rg BT 329.48 55.70 Td (of ) Tj ET Q q 0 0 0 rg BT 339.48 55.70 Td (these ) Tj ET Q q 0 0 0 rg BT 364.00 55.70 Td (last ) Tj ET Q q 0 0 0 rg BT 380.51 55.70 Td (pillars.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 742.45 Td (Executing our strategy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 722.95 Td (CGI) Tj ET Q q 0 0 0 rg BT 89.84 722.95 Td (s strategy is executed through a unique business model that combines client proximity with an extensive global ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 709.45 Td (delivery network to deliver the following benefits: ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.50 687.80 Td ( ) Tj ET Q q 0 0 0 rg BT 91.25 687.80 Td (Local ) Tj ET Q q 0 0 0 rg BT 117.36 687.80 Td (relationships ) Tj ET Q q 0 0 0 rg BT 175.98 687.80 Td (and ) Tj ET Q q 0 0 0 rg BT 194.58 687.80 Td (accountability:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.09 687.80 Td ( ) Tj ET Q q 0 0 0 rg BT 260.69 687.80 Td (W) Tj ET Q q 0 0 0 rg BT 269.02 687.80 Td (e ) Tj ET Q q 0 0 0 rg BT 276.63 687.80 Td (live ) Tj ET Q q 0 0 0 rg BT 292.74 687.80 Td (and ) Tj ET Q q 0 0 0 rg BT 310.35 687.80 Td (work ) Tj ET Q q 0 0 0 rg BT 331.96 687.80 Td (near ) Tj ET Q q 0 0 0 rg BT 352.57 687.80 Td (our ) Tj ET Q q 0 0 0 rg BT 368.18 687.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 396.30 687.80 Td (to ) Tj ET Q q 0 0 0 rg BT 406.40 687.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 438.52 687.80 Td (a ) Tj ET Q q 0 0 0 rg BT 446.13 687.80 Td (high ) Tj ET Q q 0 0 0 rg BT 465.75 687.80 Td (level ) Tj ET Q q 0 0 0 rg BT 486.86 687.80 Td (of ) Tj ET Q q 0 0 0 rg BT 496.97 687.80 Td (responsiveness, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 672.15 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 135.14 672.15 Td (and ) Tj ET Q q 0 0 0 rg BT 152.26 672.15 Td (innovation. ) Tj ET Q q 0 0 0 rg BT 197.90 672.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 215.02 672.15 Td (local ) Tj ET Q q 0 0 0 rg BT 235.64 672.15 Td (CGI ) Tj ET Q q 0 0 0 rg BT 253.75 672.15 Td (members ) Tj ET Q q 0 0 0 rg BT 293.36 672.15 Td (speak ) Tj ET Q q 0 0 0 rg BT 319.49 672.15 Td (our ) Tj ET Q q 0 0 0 rg BT 334.61 672.15 Td (clients' ) Tj ET Q q 0 0 0 rg BT 363.95 672.15 Td (language, ) Tj ET Q q 0 0 0 rg BT 405.59 672.15 Td (understand ) Tj ET Q q 0 0 0 rg BT 452.74 672.15 Td (their ) Tj ET Q q 0 0 0 rg BT 472.36 672.15 Td (business ) Tj ET Q q 0 0 0 rg BT 509.99 672.15 Td (environment, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 656.50 Td (and ) Tj ET Q q 0 0 0 rg BT 103.02 656.50 Td (collaborate ) Tj ET Q q 0 0 0 rg BT 149.55 656.50 Td (to ) Tj ET Q q 0 0 0 rg BT 159.55 656.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 182.06 656.50 Td (their ) Tj ET Q q 0 0 0 rg BT 202.07 656.50 Td (goals ) Tj ET Q q 0 0 0 rg BT 226.09 656.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.60 656.50 Td (advance ) Tj ET Q q 0 0 0 rg BT 280.13 656.50 Td (their ) Tj ET Q q 0 0 0 rg BT 300.14 656.50 Td (business.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.50 634.85 Td ( ) Tj ET Q q 0 0 0 rg BT 91.60 634.85 Td (Global ) Tj ET Q q 0 0 0 rg BT 122.55 634.85 Td (reach:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 149.56 634.85 Td ( ) Tj ET Q q 0 0 0 rg BT 152.51 634.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 170.46 634.85 Td (local ) Tj ET Q q 0 0 0 rg BT 191.92 634.85 Td (presence ) Tj ET Q q 0 0 0 rg BT 231.90 634.85 Td (is ) Tj ET Q q 0 0 0 rg BT 241.34 634.85 Td (complemented ) Tj ET Q q 0 0 0 rg BT 303.32 634.85 Td (by ) Tj ET Q q 0 0 0 rg BT 315.78 634.85 Td (an ) Tj ET Q q 0 0 0 rg BT 328.74 634.85 Td (expansive ) Tj ET Q q 0 0 0 rg BT 372.21 634.85 Td (global ) Tj ET Q q 0 0 0 rg BT 399.18 634.85 Td (delivery ) Tj ET Q q 0 0 0 rg BT 433.14 634.85 Td (network ) Tj ET Q q 0 0 0 rg BT 467.60 634.85 Td (that ) Tj ET Q q 0 0 0 rg BT 485.56 634.85 Td (ensures ) Tj ET Q q 0 0 0 rg BT 520.53 634.85 Td (our ) Tj ET Q q 0 0 0 rg BT 536.49 634.85 Td (clients ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 619.15 Td (have ) Tj ET Q q 0 0 0 rg BT 107.65 619.15 Td (24/7 ) Tj ET Q q 0 0 0 rg BT 127.80 619.15 Td (access ) Tj ET Q q 0 0 0 rg BT 158.44 619.15 Td (to ) Tj ET Q q 0 0 0 rg BT 168.57 619.15 Td (best-fit ) Tj ET Q q 0 0 0 rg BT 198.21 619.15 Td (digital ) Tj ET Q q 0 0 0 rg BT 224.36 619.15 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 271.52 619.15 Td (and ) Tj ET Q q 0 0 0 rg BT 289.17 619.15 Td (resources ) Tj ET Q q 0 0 0 rg BT 331.31 619.15 Td (to ) Tj ET Q q 0 0 0 rg BT 341.45 619.15 Td (meet ) Tj ET Q q 0 0 0 rg BT 364.09 619.15 Td (their ) Tj ET Q q 0 0 0 rg BT 384.23 619.15 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 430.39 619.15 Td (needs. ) Tj ET Q q 0 0 0 rg BT 460.05 619.15 Td (In ) Tj ET Q q 0 0 0 rg BT 470.18 619.15 Td (addition, ) Tj ET Q q 0 0 0 rg BT 506.84 619.15 Td (clients ) Tj ET Q q 0 0 0 rg BT 534.98 619.15 Td (benefit ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 603.50 Td (from ) Tj ET Q q 0 0 0 rg BT 106.00 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 121.51 603.50 Td (unique ) Tj ET Q q 0 0 0 rg BT 151.04 603.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 202.06 603.50 Td (of ) Tj ET Q q 0 0 0 rg BT 212.07 603.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 246.08 603.50 Td (domain ) Tj ET Q q 0 0 0 rg BT 278.10 603.50 Td (and ) Tj ET Q q 0 0 0 rg BT 295.62 603.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 341.65 603.50 Td (expertise ) Tj ET Q q 0 0 0 rg BT 380.67 603.50 Td (within ) Tj ET Q q 0 0 0 rg BT 406.18 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 421.69 603.50 Td (global ) Tj ET Q q 0 0 0 rg BT 448.21 603.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 481.72 603.50 Td (model.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.50 581.85 Td ( ) Tj ET Q q 0 0 0 rg BT 91.44 581.85 Td (Committed ) Tj ET Q q 0 0 0 rg BT 141.24 581.85 Td (experts: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.05 581.85 Td (One ) Tj ET Q q 0 0 0 rg BT 198.85 581.85 Td (of ) Tj ET Q q 0 0 0 rg BT 209.15 581.85 Td (our ) Tj ET Q q 0 0 0 rg BT 224.95 581.85 Td (key ) Tj ET Q q 0 0 0 rg BT 241.75 581.85 Td (strategic ) Tj ET Q q 0 0 0 rg BT 278.56 581.85 Td (goals ) Tj ET Q q 0 0 0 rg BT 302.87 581.85 Td (is ) Tj ET Q q 0 0 0 rg BT 312.16 581.85 Td (to ) Tj ET Q q 0 0 0 rg BT 322.46 581.85 Td (be ) Tj ET Q q 0 0 0 rg BT 335.26 581.85 Td (our ) Tj ET Q q 0 0 0 rg BT 351.06 581.85 Td (clients) Tj ET Q q 0 0 0 rg BT 378.24 581.85 Td ( ) Tj ET Q q 0 0 0 rg BT 381.03 581.85 Td (partner ) Tj ET Q q 0 0 0 rg BT 412.34 581.85 Td (and ) Tj ET Q q 0 0 0 rg BT 430.15 581.85 Td (expert ) Tj ET Q q 0 0 0 rg BT 457.96 581.85 Td (of ) Tj ET Q q 0 0 0 rg BT 468.26 581.85 Td (choice. ) Tj ET Q q 0 0 0 rg BT 499.39 581.85 Td (T) Tj ET Q q 0 0 0 rg BT 503.89 581.85 Td (o ) Tj ET Q q 0 0 0 rg BT 511.69 581.85 Td (achieve ) Tj ET Q q 0 0 0 rg BT 545.50 581.85 Td (this, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 566.20 Td (we ) Tj ET Q q 0 0 0 rg BT 98.64 566.20 Td (invest ) Tj ET Q q 0 0 0 rg BT 123.79 566.20 Td (in ) Tj ET Q q 0 0 0 rg BT 132.43 566.20 Td (developing ) Tj ET Q q 0 0 0 rg BT 177.60 566.20 Td (and ) Tj ET Q q 0 0 0 rg BT 194.25 566.20 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 232.91 566.20 Td (professionals ) Tj ET Q q 0 0 0 rg BT 287.57 566.20 Td (with ) Tj ET Q q 0 0 0 rg BT 305.21 566.20 Td (extensive ) Tj ET Q q 0 0 0 rg BT 344.87 566.20 Td (industry) Tj ET Q q 0 0 0 rg BT 375.71 566.20 Td (, ) Tj ET Q q 0 0 0 rg BT 379.85 566.20 Td (business ) Tj ET Q q 0 0 0 rg BT 417.01 566.20 Td (and ) Tj ET Q q 0 0 0 rg BT 433.66 566.20 Td (in-demand ) Tj ET Q q 0 0 0 rg BT 477.82 566.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 522.99 566.20 Td (expertise. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 550.55 Td (In ) Tj ET Q q 0 0 0 rg BT 96.02 550.55 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.06 550.55 Td (a ) Tj ET Q q 0 0 0 rg BT 141.08 550.55 Td (majority ) Tj ET Q q 0 0 0 rg BT 175.60 550.55 Td (of ) Tj ET Q q 0 0 0 rg BT 186.13 550.55 Td (CGI ) Tj ET Q q 0 0 0 rg BT 205.14 550.55 Td (consultants ) Tj ET Q q 0 0 0 rg BT 253.69 550.55 Td (and ) Tj ET Q q 0 0 0 rg BT 271.72 550.55 Td (professionals ) Tj ET Q q 0 0 0 rg BT 327.76 550.55 Td (are ) Tj ET Q q 0 0 0 rg BT 343.79 550.55 Td (also ) Tj ET Q q 0 0 0 rg BT 363.31 550.55 Td (owners ) Tj ET Q q 0 0 0 rg BT 395.34 550.55 Td (through ) Tj ET Q q 0 0 0 rg BT 428.88 550.55 Td (our ) Tj ET Q q 0 0 0 rg BT 444.90 550.55 Td (Share ) Tj ET Q q 0 0 0 rg BT 471.93 550.55 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 512.97 550.55 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 536.50 550.55 Td (which, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 534.85 Td (combined ) Tj ET Q q 0 0 0 rg BT 127.02 534.85 Td (with ) Tj ET Q q 0 0 0 rg BT 145.53 534.85 Td (the ) Tj ET Q q 0 0 0 rg BT 160.54 534.85 Td (Profit ) Tj ET Q q 0 0 0 rg BT 184.05 534.85 Td (Participation ) Tj ET Q q 0 0 0 rg BT 236.07 534.85 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 259.09 534.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 291.11 534.85 Td (an ) Tj ET Q q 0 0 0 rg BT 303.62 534.85 Td (added ) Tj ET Q q 0 0 0 rg BT 331.15 534.85 Td (level ) Tj ET Q q 0 0 0 rg BT 352.16 534.85 Td (of ) Tj ET Q q 0 0 0 rg BT 362.16 534.85 Td (commitment ) Tj ET Q q 0 0 0 rg BT 413.67 534.85 Td (to ) Tj ET Q q 0 0 0 rg BT 423.68 534.85 Td (the ) Tj ET Q q 0 0 0 rg BT 438.69 534.85 Td (success ) Tj ET Q q 0 0 0 rg BT 473.70 534.85 Td (of ) Tj ET Q q 0 0 0 rg BT 483.71 534.85 Td (our ) Tj ET Q q 0 0 0 rg BT 499.21 534.85 Td (clients.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.50 513.20 Td ( ) Tj ET Q q 0 0 0 rg BT 90.02 513.20 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 158.92 513.20 Td (quality ) Tj ET Q q 0 0 0 rg BT 189.29 513.20 Td (processes:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.82 513.20 Td ( ) Tj ET Q q 0 0 0 rg BT 238.19 513.20 Td (CGI) Tj ET Q q 0 0 0 rg BT 256.03 513.20 Td (s ) Tj ET Q q 0 0 0 rg BT 261.90 513.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 306.80 513.20 Td (in ) Tj ET Q q 0 0 0 rg BT 315.17 513.20 Td (quality ) Tj ET Q q 0 0 0 rg BT 342.56 513.20 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 390.44 513.20 Td (and ) Tj ET Q q 0 0 0 rg BT 406.83 513.20 Td (rigorous ) Tj ET Q q 0 0 0 rg BT 440.72 513.20 Td (client ) Tj ET Q q 0 0 0 rg BT 463.10 513.20 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 509.49 513.20 Td (assessments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 497.55 Td (has ) Tj ET Q q 0 0 0 rg BT 101.65 497.55 Td (resulted ) Tj ET Q q 0 0 0 rg BT 135.32 497.55 Td (in ) Tj ET Q q 0 0 0 rg BT 143.96 497.55 Td (a ) Tj ET Q q 0 0 0 rg BT 150.61 497.55 Td (consistent ) Tj ET Q q 0 0 0 rg BT 192.78 497.55 Td (track ) Tj ET Q q 0 0 0 rg BT 213.93 497.55 Td (record ) Tj ET Q q 0 0 0 rg BT 241.08 497.55 Td (of ) Tj ET Q q 0 0 0 rg BT 250.23 497.55 Td (on-time ) Tj ET Q q 0 0 0 rg BT 281.88 497.55 Td (and ) Tj ET Q q 0 0 0 rg BT 298.54 497.55 Td (within-budget ) Tj ET Q q 0 0 0 rg BT 353.72 497.55 Td (project ) Tj ET Q q 0 0 0 rg BT 382.38 497.55 Td (delivery) Tj ET Q q 0 0 0 rg BT 412.72 497.55 Td (. ) Tj ET Q q 0 0 0 rg BT 416.87 497.55 Td (With ) Tj ET Q q 0 0 0 rg BT 436.51 497.55 Td (regular ) Tj ET Q q 0 0 0 rg BT 466.17 497.55 Td (reviews ) Tj ET Q q 0 0 0 rg BT 498.32 497.55 Td (of ) Tj ET Q q 0 0 0 rg BT 507.47 497.55 Td (engagements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 481.90 Td (and ) Tj ET Q q 0 0 0 rg BT 102.84 481.90 Td (transparency ) Tj ET Q q 0 0 0 rg BT 157.18 481.90 Td (at ) Tj ET Q q 0 0 0 rg BT 167.01 481.90 Td (all ) Tj ET Q q 0 0 0 rg BT 178.33 481.90 Td (levels, ) Tj ET Q q 0 0 0 rg BT 206.16 481.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.99 481.90 Td (company ) Tj ET Q q 0 0 0 rg BT 259.83 481.90 Td (ensures ) Tj ET Q q 0 0 0 rg BT 294.17 481.90 Td (that ) Tj ET Q q 0 0 0 rg BT 311.50 481.90 Td (client ) Tj ET Q q 0 0 0 rg BT 334.83 481.90 Td (objectives ) Tj ET Q q 0 0 0 rg BT 377.17 481.90 Td (and ) Tj ET Q q 0 0 0 rg BT 394.51 481.90 Td (its ) Tj ET Q q 0 0 0 rg BT 405.83 481.90 Td (own ) Tj ET Q q 0 0 0 rg BT 424.66 481.90 Td (targets ) Tj ET Q q 0 0 0 rg BT 454.49 481.90 Td (are ) Tj ET Q q 0 0 0 rg BT 469.82 481.90 Td (consistently ) Tj ET Q q 0 0 0 rg BT 519.16 481.90 Td (followed ) Tj ET Q q 0 0 0 rg BT 554.50 481.90 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 98.21 466.25 Td (times. ) Tj ET Q q 0 0 0 rg BT 125.67 466.25 Td (This ) Tj ET Q q 0 0 0 rg BT 146.37 466.25 Td (thorough ) Tj ET Q q 0 0 0 rg BT 185.60 466.25 Td (process ) Tj ET Q q 0 0 0 rg BT 220.82 466.25 Td (enables ) Tj ET Q q 0 0 0 rg BT 256.04 466.25 Td (CGI ) Tj ET Q q 0 0 0 rg BT 275.74 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.95 466.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 326.18 466.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 373.41 466.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 433.63 466.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.84 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 460.54 466.25 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 515.27 466.25 Td (by ) Tj ET Q q 0 0 0 rg BT 528.48 466.25 Td (applying ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 450.55 Td (corrective ) Tj ET Q q 0 0 0 rg BT 127.01 450.55 Td (measures ) Tj ET Q q 0 0 0 rg BT 169.03 450.55 Td (as ) Tj ET Q q 0 0 0 rg BT 181.03 450.55 Td (soon ) Tj ET Q q 0 0 0 rg BT 203.05 450.55 Td (as ) Tj ET Q q 0 0 0 rg BT 215.06 450.55 Td (they ) Tj ET Q q 0 0 0 rg BT 234.57 450.55 Td (are ) Tj ET Q q 0 0 0 rg BT 250.08 450.55 Td (required. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.50 428.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.73 428.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 137.82 428.90 Td (social ) Tj ET Q q 0 0 0 rg BT 166.42 428.90 Td (responsibility: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.02 428.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 274.12 428.90 Td (social ) Tj ET Q q 0 0 0 rg BT 300.22 428.90 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 355.32 428.90 Td (is ) Tj ET Q q 0 0 0 rg BT 364.91 428.90 Td (one ) Tj ET Q q 0 0 0 rg BT 383.01 428.90 Td (of ) Tj ET Q q 0 0 0 rg BT 393.60 428.90 Td (CGI) Tj ET Q q 0 0 0 rg BT 411.43 428.90 Td (s ) Tj ET Q q 0 0 0 rg BT 419.02 428.90 Td (core ) Tj ET Q q 0 0 0 rg BT 439.61 428.90 Td (values. ) Tj ET Q q 0 0 0 rg BT 471.21 428.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 489.30 428.90 Td (business ) Tj ET Q q 0 0 0 rg BT 527.90 428.90 Td (model ) Tj ET Q q 0 0 0 rg BT 555.50 428.90 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 413.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 124.60 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.68 413.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 164.77 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.36 413.25 Td (we ) Tj ET Q q 0 0 0 rg BT 196.44 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.02 413.25 Td (close ) Tj ET Q q 0 0 0 rg BT 235.60 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.68 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 261.26 413.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 289.34 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.93 413.25 Td (communities. ) Tj ET Q q 0 0 0 rg BT 362.01 413.25 Td (At ) Tj ET Q q 0 0 0 rg BT 373.08 413.25 Td (CGI, ) Tj ET Q q 0 0 0 rg BT 394.16 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.74 413.25 Td (members ) Tj ET Q q 0 0 0 rg BT 449.82 413.25 Td (embrace ) Tj ET Q q 0 0 0 rg BT 487.41 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 502.99 413.25 Td (responsibilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.52 397.60 Td (contribute ) Tj ET Q q 0 0 0 rg BT 137.56 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.59 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.61 397.60 Td (continuous ) Tj ET Q q 0 0 0 rg BT 208.66 397.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 263.20 397.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.22 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.25 397.60 Td (economic, ) Tj ET Q q 0 0 0 rg BT 331.78 397.60 Td (social ) Tj ET Q q 0 0 0 rg BT 357.31 397.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.84 397.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 433.89 397.60 Td (well-being ) Tj ET Q q 0 0 0 rg BT 476.93 397.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.95 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.98 397.60 Td (communities ) Tj ET Q q 0 0 0 rg BT 555.01 397.60 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 381.95 Td (which ) Tj ET Q q 0 0 0 rg BT 111.01 381.95 Td (we ) Tj ET Q q 0 0 0 rg BT 125.02 381.95 Td (live ) Tj ET Q q 0 0 0 rg BT 141.02 381.95 Td (and ) Tj ET Q q 0 0 0 rg BT 158.54 381.95 Td (work.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 362.45 Td (1.3. ) Tj ET Q q 0 0 0 rg BT 89.51 362.45 Td (COMPETITIVE ) Tj ET Q q 0 0 0 rg BT 153.02 362.45 Td (ENVIRONMENT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 342.95 Td (In ) Tj ET Q q 0 0 0 rg BT 81.54 342.95 Td (today) Tj ET Q q 0 0 0 rg BT 105.39 342.95 Td (s ) Tj ET Q q 0 0 0 rg BT 111.92 342.95 Td (digital ) Tj ET Q q 0 0 0 rg BT 137.47 342.95 Td (era, ) Tj ET Q q 0 0 0 rg BT 155.00 342.95 Td (there ) Tj ET Q q 0 0 0 rg BT 177.55 342.95 Td (is ) Tj ET Q q 0 0 0 rg BT 186.08 342.95 Td (a ) Tj ET Q q 0 0 0 rg BT 193.11 342.95 Td (competitive ) Tj ET Q q 0 0 0 rg BT 240.66 342.95 Td (urgency ) Tj ET Q q 0 0 0 rg BT 274.71 342.95 Td (for ) Tj ET Q q 0 0 0 rg BT 287.24 342.95 Td (organizations ) Tj ET Q q 0 0 0 rg BT 342.81 342.95 Td (across ) Tj ET Q q 0 0 0 rg BT 371.35 342.95 Td (industries ) Tj ET Q q 0 0 0 rg BT 411.90 342.95 Td (to ) Tj ET Q q 0 0 0 rg BT 421.43 342.95 Td (become ) Tj ET Q q 0 0 0 rg BT 455.48 342.95 Td (digital ) Tj ET Q q 0 0 0 rg BT 481.03 342.95 Td (in ) Tj ET Q q 0 0 0 rg BT 490.06 342.95 Td (a ) Tj ET Q q 0 0 0 rg BT 497.10 342.95 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 544.66 342.95 Td (way) Tj ET Q q 0 0 0 rg BT 560.00 342.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 329.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 329.45 Td (pressure ) Tj ET Q q 0 0 0 rg BT 128.23 329.45 Td (is ) Tj ET Q q 0 0 0 rg BT 137.59 329.45 Td (on ) Tj ET Q q 0 0 0 rg BT 150.45 329.45 Td (to ) Tj ET Q q 0 0 0 rg BT 160.81 329.45 Td (modernize ) Tj ET Q q 0 0 0 rg BT 205.69 329.45 Td (legacy ) Tj ET Q q 0 0 0 rg BT 234.56 329.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 263.42 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 281.29 329.45 Td (connect ) Tj ET Q q 0 0 0 rg BT 315.67 329.45 Td (them ) Tj ET Q q 0 0 0 rg BT 338.53 329.45 Td (to ) Tj ET Q q 0 0 0 rg BT 348.89 329.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 375.26 329.45 Td (business ) Tj ET Q q 0 0 0 rg BT 413.64 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 431.51 329.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 471.89 329.45 Td (models. ) Tj ET Q q 0 0 0 rg BT 506.26 329.45 Td (Central ) Tj ET Q q 0 0 0 rg BT 538.13 329.45 Td (to ) Tj ET Q q 0 0 0 rg BT 548.49 329.45 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 315.95 Td (massive ) Tj ET Q q 0 0 0 rg BT 107.63 315.95 Td (transformation ) Tj ET Q q 0 0 0 rg BT 167.77 315.95 Td (is ) Tj ET Q q 0 0 0 rg BT 176.89 315.95 Td (the ) Tj ET Q q 0 0 0 rg BT 192.02 315.95 Td (evolving ) Tj ET Q q 0 0 0 rg BT 227.66 315.95 Td (role ) Tj ET Q q 0 0 0 rg BT 245.29 315.95 Td (of ) Tj ET Q q 0 0 0 rg BT 255.42 315.95 Td (technology) Tj ET Q q 0 0 0 rg BT 298.28 315.95 Td (. ) Tj ET Q q 0 0 0 rg BT 303.23 315.95 Td (T) Tj ET Q q 0 0 0 rg BT 308.40 315.95 Td (raditionally ) Tj ET Q q 0 0 0 rg BT 354.04 315.95 Td (viewed ) Tj ET Q q 0 0 0 rg BT 384.67 315.95 Td (as ) Tj ET Q q 0 0 0 rg BT 396.80 315.95 Td (an ) Tj ET Q q 0 0 0 rg BT 409.43 315.95 Td (enabler) Tj ET Q q 0 0 0 rg BT 438.96 315.95 Td (, ) Tj ET Q q 0 0 0 rg BT 444.08 315.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 490.23 315.95 Td (is ) Tj ET Q q 0 0 0 rg BT 499.35 315.95 Td (now ) Tj ET Q q 0 0 0 rg BT 518.48 315.95 Td (recognized ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 302.45 Td (also ) Tj ET Q q 0 0 0 rg BT 90.42 302.45 Td (as ) Tj ET Q q 0 0 0 rg BT 101.83 302.45 Td (a ) Tj ET Q q 0 0 0 rg BT 108.74 302.45 Td (driver ) Tj ET Q q 0 0 0 rg BT 133.15 302.45 Td (of ) Tj ET Q q 0 0 0 rg BT 142.56 302.45 Td (business ) Tj ET Q q 0 0 0 rg BT 179.99 302.45 Td (transformation. ) Tj ET Q q 0 0 0 rg BT 241.79 302.45 Td (The ) Tj ET Q q 0 0 0 rg BT 259.21 302.45 Td (promise ) Tj ET Q q 0 0 0 rg BT 293.12 302.45 Td (of ) Tj ET Q q 0 0 0 rg BT 302.53 302.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 327.96 302.45 Td (creates ) Tj ET Q q 0 0 0 rg BT 359.38 302.45 Td (an ) Tj ET Q q 0 0 0 rg BT 371.29 302.45 Td (enormous ) Tj ET Q q 0 0 0 rg BT 413.22 302.45 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 459.65 302.45 Td (to ) Tj ET Q q 0 0 0 rg BT 469.07 302.45 Td (transform ) Tj ET Q q 0 0 0 rg BT 508.98 302.45 Td (organizations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 288.95 Td (end-to-end, ) Tj ET Q q 0 0 0 rg BT 120.53 288.95 Td (and ) Tj ET Q q 0 0 0 rg BT 138.04 288.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 156.54 288.95 Td (is ) Tj ET Q q 0 0 0 rg BT 165.54 288.95 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 227.56 288.95 Td (to ) Tj ET Q q 0 0 0 rg BT 237.57 288.95 Td (serve ) Tj ET Q q 0 0 0 rg BT 262.07 288.95 Td (as ) Tj ET Q q 0 0 0 rg BT 274.07 288.95 Td (a ) Tj ET Q q 0 0 0 rg BT 281.58 288.95 Td (digital ) Tj ET Q q 0 0 0 rg BT 307.59 288.95 Td (partner ) Tj ET Q q 0 0 0 rg BT 338.60 288.95 Td (and ) Tj ET Q q 0 0 0 rg BT 356.11 288.95 Td (expert ) Tj ET Q q 0 0 0 rg BT 383.62 288.95 Td (of ) Tj ET Q q 0 0 0 rg BT 393.63 288.95 Td (choice. ) Tj ET Q q 0 0 0 rg BT 424.64 288.95 Td (W) Tj ET Q q 0 0 0 rg BT 432.97 288.95 Td (e ) Tj ET Q q 0 0 0 rg BT 440.47 288.95 Td (are ) Tj ET Q q 0 0 0 rg BT 455.98 288.95 Td (working ) Tj ET Q q 0 0 0 rg BT 489.48 288.95 Td (with ) Tj ET Q q 0 0 0 rg BT 507.99 288.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 535.99 288.95 Td (across ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 275.45 Td (the ) Tj ET Q q 0 0 0 rg BT 87.53 275.45 Td (globe ) Tj ET Q q 0 0 0 rg BT 112.57 275.45 Td (to ) Tj ET Q q 0 0 0 rg BT 123.09 275.45 Td (implement ) Tj ET Q q 0 0 0 rg BT 167.63 275.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 194.16 275.45 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 238.70 275.45 Td (roadmaps ) Tj ET Q q 0 0 0 rg BT 281.74 275.45 Td (and ) Tj ET Q q 0 0 0 rg BT 299.77 275.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 338.31 275.45 Td (that ) Tj ET Q q 0 0 0 rg BT 356.34 275.45 Td (revolutionize ) Tj ET Q q 0 0 0 rg BT 409.88 275.45 Td (the ) Tj ET Q q 0 0 0 rg BT 425.41 275.45 Td (customer/citizen ) Tj ET Q q 0 0 0 rg BT 493.45 275.45 Td (experience, ) Tj ET Q q 0 0 0 rg BT 543.00 275.45 Td (drive ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 261.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 261.95 Td (launch ) Tj ET Q q 0 0 0 rg BT 116.03 261.95 Td (of ) Tj ET Q q 0 0 0 rg BT 126.04 261.95 Td (new ) Tj ET Q q 0 0 0 rg BT 145.05 261.95 Td (products ) Tj ET Q q 0 0 0 rg BT 182.07 261.95 Td (and ) Tj ET Q q 0 0 0 rg BT 199.59 261.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 237.59 261.95 Td (and ) Tj ET Q q 0 0 0 rg BT 255.11 261.95 Td (deliver ) Tj ET Q q 0 0 0 rg BT 284.12 261.95 Td (ef) Tj ET Q q 0 0 0 rg BT 291.47 261.95 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 330.98 261.95 Td (and ) Tj ET Q q 0 0 0 rg BT 348.50 261.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 367.51 261.95 Td (savings. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 242.45 Td (As ) Tj ET Q q 0 0 0 rg BT 84.10 242.45 Td (the ) Tj ET Q q 0 0 0 rg BT 98.22 242.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 132.34 242.45 Td (for ) Tj ET Q q 0 0 0 rg BT 144.44 242.45 Td (digitalization ) Tj ET Q q 0 0 0 rg BT 195.57 242.45 Td (increases, ) Tj ET Q q 0 0 0 rg BT 238.19 242.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 285.82 242.45 Td (within ) Tj ET Q q 0 0 0 rg BT 310.43 242.45 Td (the ) Tj ET Q q 0 0 0 rg BT 324.54 242.45 Td (global ) Tj ET Q q 0 0 0 rg BT 350.16 242.45 Td (IT) Tj ET Q q 0 0 0 rg BT 358.00 242.45 Td ( ) Tj ET Q q 0 0 0 rg BT 359.60 242.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 392.71 242.45 Td (is ) Tj ET Q q 0 0 0 rg BT 400.81 242.45 Td (intensifying. ) Tj ET Q q 0 0 0 rg BT 449.94 242.45 Td (CGI) Tj ET Q q 0 0 0 rg BT 467.78 242.45 Td (s ) Tj ET Q q 0 0 0 rg BT 473.88 242.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 521.50 242.45 Td (comprises ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 228.95 Td (a ) Tj ET Q q 0 0 0 rg BT 78.68 228.95 Td (variety ) Tj ET Q q 0 0 0 rg BT 106.86 228.95 Td (of ) Tj ET Q q 0 0 0 rg BT 116.04 228.95 Td (players, ) Tj ET Q q 0 0 0 rg BT 149.23 228.95 Td (from ) Tj ET Q q 0 0 0 rg BT 168.90 228.95 Td (metro ) Tj ET Q q 0 0 0 rg BT 193.58 228.95 Td (market ) Tj ET Q q 0 0 0 rg BT 222.76 228.95 Td (companies ) Tj ET Q q 0 0 0 rg BT 267.96 228.95 Td (providing ) Tj ET Q q 0 0 0 rg BT 306.15 228.95 Td (specialized ) Tj ET Q q 0 0 0 rg BT 352.35 228.95 Td (services ) Tj ET Q q 0 0 0 rg BT 387.03 228.95 Td (and ) Tj ET Q q 0 0 0 rg BT 403.72 228.95 Td (software, ) Tj ET Q q 0 0 0 rg BT 441.91 228.95 Td (to ) Tj ET Q q 0 0 0 rg BT 451.09 228.95 Td (global, ) Tj ET Q q 0 0 0 rg BT 479.29 228.95 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 524.49 228.95 Td (IT) Tj ET Q q 0 0 0 rg BT 532.33 228.95 Td ( ) Tj ET Q q 0 0 0 rg BT 534.00 228.95 Td (service ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 215.45 Td (providers, ) Tj ET Q q 0 0 0 rg BT 114.32 215.45 Td (to ) Tj ET Q q 0 0 0 rg BT 124.64 215.45 Td (large ) Tj ET Q q 0 0 0 rg BT 147.46 215.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 190.79 215.45 Td (firms ) Tj ET Q q 0 0 0 rg BT 213.09 215.45 Td (and ) Tj ET Q q 0 0 0 rg BT 230.91 215.45 Td (government ) Tj ET Q q 0 0 0 rg BT 281.25 215.45 Td (pure-plays. ) Tj ET Q q 0 0 0 rg BT 328.02 215.45 Td (All ) Tj ET Q q 0 0 0 rg BT 340.83 215.45 Td (of ) Tj ET Q q 0 0 0 rg BT 351.14 215.45 Td (these ) Tj ET Q q 0 0 0 rg BT 375.96 215.45 Td (players ) Tj ET Q q 0 0 0 rg BT 407.78 215.45 Td (are ) Tj ET Q q 0 0 0 rg BT 423.60 215.45 Td (competing ) Tj ET Q q 0 0 0 rg BT 467.93 215.45 Td (to ) Tj ET Q q 0 0 0 rg BT 478.24 215.45 Td (deliver ) Tj ET Q q 0 0 0 rg BT 507.56 215.45 Td (some ) Tj ET Q q 0 0 0 rg BT 532.38 215.45 Td (or ) Tj ET Q q 0 0 0 rg BT 543.19 215.45 Td (all ) Tj ET Q q 0 0 0 rg BT 555.00 215.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 201.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 201.95 Td (services ) Tj ET Q q 0 0 0 rg BT 122.52 201.95 Td (we ) Tj ET Q q 0 0 0 rg BT 136.52 201.95 Td (provide.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 182.45 Td ( Many factors distinguish the industry leaders, including the following:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 162.95 Td ( Depth and breadth of industry and technology expertise;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 143.45 Td ( Local presence and strength of client relationships;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 123.95 Td ( Consistent, on-time, within-budget delivery everywhere the client operates;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 104.45 Td ( Breadth of digital IP) Tj ET Q q 0 0 0 rg BT 169.54 104.45 Td ( solutions;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 84.95 Td ( ) Tj ET Q q 0 0 0 rg BT 90.65 84.95 Td (Ability to deliver practical innovation for measurable results;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 65.45 Td ( ) Tj ET Q q 0 0 0 rg BT 90.99 65.45 Td (T) Tj ET Q q 0 0 0 rg BT 95.49 65.45 Td (otal cost of services and value delivered; and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 45.95 Td ( ) Tj ET Q q 0 0 0 rg BT 91.15 45.95 Td (Unique ) Tj ET Q q 0 0 0 rg BT 122.17 45.95 Td (global ) Tj ET Q q 0 0 0 rg BT 148.69 45.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 182.21 45.95 Td (network) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.72 45.95 Td (,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 215.97 45.95 Td ( ) Tj ET Q q 0 0 0 rg BT 218.47 45.95 Td (including ) Tj ET Q q 0 0 0 rg BT 256.50 45.95 Td (onshore, ) Tj ET Q q 0 0 0 rg BT 294.02 45.95 Td (nearshore ) Tj ET Q q 0 0 0 rg BT 337.05 45.95 Td (and ) Tj ET Q q 0 0 0 rg BT 354.56 45.95 Td (of) Tj ET Q q 0 0 0 rg BT 361.91 45.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 389.42 45.95 Td (options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.44 45.95 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 551.45 22.10 Td (1) Tj ET Q q 0 0 0 rg BT 554.82 22.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 708.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 90.19 708.95 Td (is ) Tj ET Q q 0 0 0 rg BT 99.37 708.95 Td (one ) Tj ET Q q 0 0 0 rg BT 117.07 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 127.26 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 142.46 708.95 Td (leaders ) Tj ET Q q 0 0 0 rg BT 174.66 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 184.35 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 199.55 708.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 233.75 708.95 Td (with ) Tj ET Q q 0 0 0 rg BT 252.44 708.95 Td (respect ) Tj ET Q q 0 0 0 rg BT 284.63 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 294.83 708.95 Td (all ) Tj ET Q q 0 0 0 rg BT 306.52 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 316.71 708.95 Td (these ) Tj ET Q q 0 0 0 rg BT 341.41 708.95 Td (factors. ) Tj ET Q q 0 0 0 rg BT 373.60 708.95 Td (W) Tj ET Q q 0 0 0 rg BT 381.93 708.95 Td (e ) Tj ET Q q 0 0 0 rg BT 389.62 708.95 Td (are ) Tj ET Q q 0 0 0 rg BT 405.32 708.95 Td (not ) Tj ET Q q 0 0 0 rg BT 420.51 708.95 Td (only ) Tj ET Q q 0 0 0 rg BT 439.71 708.95 Td (delivering ) Tj ET Q q 0 0 0 rg BT 480.92 708.95 Td (all ) Tj ET Q q 0 0 0 rg BT 492.61 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 502.80 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 517.99 708.95 Td (capabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 695.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 99.12 695.45 Td (need ) Tj ET Q q 0 0 0 rg BT 121.25 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 130.87 695.45 Td (compete ) Tj ET Q q 0 0 0 rg BT 167.50 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 176.61 695.45 Td (a ) Tj ET Q q 0 0 0 rg BT 183.73 695.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 209.35 695.45 Td (world, ) Tj ET Q q 0 0 0 rg BT 235.47 695.45 Td (but ) Tj ET Q q 0 0 0 rg BT 250.09 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 695.45 Td (immediate ) Tj ET Q q 0 0 0 rg BT 308.34 695.45 Td (results ) Tj ET Q q 0 0 0 rg BT 336.95 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 354.08 695.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 394.20 695.45 Td (value ) Tj ET Q q 0 0 0 rg BT 417.83 695.45 Td (they ) Tj ET Q q 0 0 0 rg BT 436.95 695.45 Td (expect. ) Tj ET Q q 0 0 0 rg BT 467.66 695.45 Td (As ) Tj ET Q q 0 0 0 rg BT 480.27 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 494.89 695.45 Td (market ) Tj ET Q q 0 0 0 rg BT 524.51 695.45 Td (dynamics ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 681.95 Td (and ) Tj ET Q q 0 0 0 rg BT 88.92 681.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 122.83 681.95 Td (trends ) Tj ET Q q 0 0 0 rg BT 150.24 681.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 186.67 681.95 Td (to ) Tj ET Q q 0 0 0 rg BT 196.57 681.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 232.99 681.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 267.91 681.95 Td (for ) Tj ET Q q 0 0 0 rg BT 280.81 681.95 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 323.23 681.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 361.15 681.95 Td (from ) Tj ET Q q 0 0 0 rg BT 381.55 681.95 Td (global, ) Tj ET Q q 0 0 0 rg BT 410.47 681.95 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 456.40 681.95 Td (IT) Tj ET Q q 0 0 0 rg BT 464.24 681.95 Td ( ) Tj ET Q q 0 0 0 rg BT 466.64 681.95 Td (and ) Tj ET Q q 0 0 0 rg BT 484.05 681.95 Td (business ) Tj ET Q q 0 0 0 rg BT 521.97 681.95 Td (consulting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 668.45 Td (services ) Tj ET Q q 0 0 0 rg BT 107.01 668.45 Td (firms, ) Tj ET Q q 0 0 0 rg BT 131.50 668.45 Td (CGI ) Tj ET Q q 0 0 0 rg BT 150.00 668.45 Td (is ) Tj ET Q q 0 0 0 rg BT 159.00 668.45 Td (one ) Tj ET Q q 0 0 0 rg BT 176.52 668.45 Td (of ) Tj ET Q q 0 0 0 rg BT 186.53 668.45 Td (few ) Tj ET Q q 0 0 0 rg BT 203.03 668.45 Td (firms ) Tj ET Q q 0 0 0 rg BT 225.03 668.45 Td (with ) Tj ET Q q 0 0 0 rg BT 243.53 668.45 Td (the ) Tj ET Q q 0 0 0 rg BT 258.54 668.45 Td (scale, ) Tj ET Q q 0 0 0 rg BT 284.56 668.45 Td (reach, ) Tj ET Q q 0 0 0 rg BT 312.07 668.45 Td (and ) Tj ET Q q 0 0 0 rg BT 329.59 668.45 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 376.61 668.45 Td (to ) Tj ET Q q 0 0 0 rg BT 386.62 668.45 Td (meet ) Tj ET Q q 0 0 0 rg BT 409.13 668.45 Td (clients) Tj ET Q q 0 0 0 rg BT 436.30 668.45 Td ( ) Tj ET Q q 0 0 0 rg BT 438.80 668.45 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 481.33 668.45 Td (needs.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td () Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 52.83 706.80 Td (2. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Highlights and Key Performance Measures) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 696.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 692.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 142.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 692.3 m 228.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 692.3 m 337.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 692.3 m 475.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 692.3 m 561.5 692.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 57.5 688.3 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 672.00 Td (2.1. FISCAL) Tj ET Q q 0 0 0 rg BT 125.85 672.00 Td ( 2020 HIGHLIGHTS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 652.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 652.50 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 142.03 652.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 152.03 652.50 Td ($12.16 ) Tj ET Q q 0 0 0 rg BT 182.06 652.50 Td (billion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.08 652.50 Td (, ) Tj ET Q q 0 0 0 rg BT 210.08 652.50 Td (up ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 222.59 652.50 Td (0.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.10 652.50 Td ( ) Tj ET Q q 0 0 0 rg BT 245.60 652.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.12 652.50 Td (essentially ) Tj ET Q q 0 0 0 rg BT 307.64 652.50 Td (stable ) Tj ET Q q 0 0 0 rg BT 334.16 652.50 Td (in ) Tj ET Q q 0 0 0 rg BT 343.66 652.50 Td (constant ) Tj ET Q q 0 0 0 rg BT 380.18 652.50 Td (currency; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 633.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 633.00 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 141.02 633.00 Td (EBIT) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 161.03 636.34 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.56 633.00 Td ( ) Tj ET Q q 0 0 0 rg BT 166.06 633.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.07 633.00 Td ($1,862.9 ) Tj ET Q q 0 0 0 rg BT 213.60 633.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.11 633.00 Td (, ) Tj ET Q q 0 0 0 rg BT 244.11 633.00 Td (up ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.62 633.00 Td (2.1%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 277.13 633.00 Td ( ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 279.08 636.34 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.34 633.00 Td (; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 613.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 613.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 141.02 613.50 Td (EBIT) Tj ET Q q 0 0 0 rg BT 160.87 613.50 Td ( ) Tj ET Q q 0 0 0 rg BT 163.37 613.50 Td (margin) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 190.88 616.84 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 193.41 613.50 Td ( ) Tj ET Q q 0 0 0 rg BT 195.91 613.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.91 613.50 Td (15.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.43 613.50 Td (, ) Tj ET Q q 0 0 0 rg BT 236.43 613.50 Td (up ) Tj ET Q q 0 0 0 rg BT 248.94 613.50 Td (20 ) Tj ET Q q 0 0 0 rg BT 261.46 613.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 284.97 613.50 Td (points; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 594.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 594.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 120.01 594.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 157.03 594.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 167.04 594.00 Td ($1,1) Tj ET Q q 0 0 0 rg BT 183.88 594.00 Td (17.9 ) Tj ET Q q 0 0 0 rg BT 203.90 594.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.41 594.00 Td (, ) Tj ET Q q 0 0 0 rg BT 234.41 594.00 Td (down ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.42 594.00 Td (1) Tj ET Q q 0 0 0 rg BT 262.76 594.00 Td (1.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.28 594.00 Td (;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 574.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 574.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 120.01 574.50 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 159.53 574.50 Td (excluding ) Tj ET Q q 0 0 0 rg BT 200.06 574.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 232.57 574.50 Td (items) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 254.07 578.79 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.32 574.50 Td ( ) Tj ET Q q 0 0 0 rg BT 259.82 574.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.83 574.50 Td ($1,300.1 ) Tj ET Q q 0 0 0 rg BT 307.36 574.50 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.87 574.50 Td (, ) Tj ET Q q 0 0 0 rg BT 337.87 574.50 Td (down ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.89 574.50 Td (0.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.40 574.50 Td (; ) Tj ET Q q 0 0 0 rg BT 387.40 574.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 555.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 555.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 120.01 555.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 157.03 555.00 Td (margin ) Tj ET Q q 0 0 0 rg BT 187.04 555.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.05 555.00 Td (9.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.56 555.00 Td (, ) Tj ET Q q 0 0 0 rg BT 222.56 555.00 Td (down ) Tj ET Q q 0 0 0 rg BT 246.58 555.00 Td (120 ) Tj ET Q q 0 0 0 rg BT 264.09 555.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 287.60 555.00 Td (points;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 535.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 535.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 120.01 535.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 157.03 535.50 Td (margin, ) Tj ET Q q 0 0 0 rg BT 189.54 535.50 Td (excluding ) Tj ET Q q 0 0 0 rg BT 230.07 535.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 262.58 535.50 Td (items) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 284.08 539.79 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.33 535.50 Td ( ) Tj ET Q q 0 0 0 rg BT 289.83 535.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.84 535.50 Td (10.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.36 535.50 Td (, ) Tj ET Q q 0 0 0 rg BT 330.36 535.50 Td (down ) Tj ET Q q 0 0 0 rg BT 354.38 535.50 Td (10 ) Tj ET Q q 0 0 0 rg BT 366.89 535.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 390.40 535.50 Td (points; ) Tj ET Q q 0 0 0 rg BT 419.42 535.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 516.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 516.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 134.02 516.00 Td (EPS ) Tj ET Q q 0 0 0 rg BT 154.52 516.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.53 516.00 Td ($4.20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.05 516.00 Td (, ) Tj ET Q q 0 0 0 rg BT 192.05 516.00 Td (down ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.07 516.00 Td (7.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.58 516.00 Td (;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 496.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 496.50 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 134.02 496.50 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 157.03 496.50 Td (excluding ) Tj ET Q q 0 0 0 rg BT 197.55 496.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 230.06 496.50 Td (items) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 251.56 500.79 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.82 496.50 Td (, ) Tj ET Q q 0 0 0 rg BT 259.82 496.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.83 496.50 Td ($4.89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.35 496.50 Td (, ) Tj ET Q q 0 0 0 rg BT 297.35 496.50 Td (up ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.86 496.50 Td (4.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.37 496.50 Td (;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 477.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 477.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.01 477.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 164.03 477.00 Td (by ) Tj ET Q q 0 0 0 rg BT 176.04 477.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.07 477.00 Td (activities) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 250.58 480.34 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 253.11 477.00 Td ( ) Tj ET Q q 0 0 0 rg BT 255.61 477.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.62 477.00 Td ($1,938.6 ) Tj ET Q q 0 0 0 rg BT 303.15 477.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.66 477.00 Td (, ) Tj ET Q q 0 0 0 rg BT 333.66 477.00 Td (up ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.17 477.00 Td (18.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.69 477.00 Td (, ) Tj ET Q q 0 0 0 rg BT 376.69 477.00 Td (representing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.22 477.00 Td (15.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.74 477.00 Td ( ) Tj ET Q q 0 0 0 rg BT 457.24 477.00 Td (of ) Tj ET Q q 0 0 0 rg BT 467.25 477.00 Td (revenue;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 457.50 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 457.50 Td (Bookings ) Tj ET Q q 0 0 0 rg BT 143.02 457.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 153.03 457.50 Td ($1) Tj ET Q q 0 0 0 rg BT 162.37 457.50 Td (1.85 ) Tj ET Q q 0 0 0 rg BT 182.39 457.50 Td (billion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.40 457.50 Td (, ) Tj ET Q q 0 0 0 rg BT 210.41 457.50 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.91 457.50 Td (97.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.43 457.50 Td ( ) Tj ET Q q 0 0 0 rg BT 248.93 457.50 Td (of ) Tj ET Q q 0 0 0 rg BT 258.93 457.50 Td (revenue; ) Tj ET Q q 0 0 0 rg BT 296.46 457.50 Td (and,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 438.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.50 438.00 Td (Backlog ) Tj ET Q q 0 0 0 rg BT 138.02 438.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.03 438.00 Td ($22.67 ) Tj ET Q q 0 0 0 rg BT 178.05 438.00 Td (billion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.07 438.00 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 363.00 Td ( ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 87.44 366.34 Td (1 ) Tj ET Q BT /F2 4.55 Tf ET q 0 0 0 rg BT 91.24 366.34 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 103.50 363.00 Td (Includes ) Tj ET Q q 0 0 0 rg BT 131.52 363.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.19 363.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.75 363.00 Td (of ) Tj ET Q q 0 0 0 rg BT 173.54 363.00 Td (the ) Tj ET Q q 0 0 0 rg BT 185.21 363.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 214.02 363.00 Td (of ) Tj ET Q q 0 0 0 rg BT 221.80 363.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.48 363.00 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 251.36 363.00 Td (16 ) Tj ET Q q 0 0 0 rg BT 261.10 363.00 Td (which ) Tj ET Q q 0 0 0 rg BT 280.94 363.00 Td (is ) Tj ET Q q 0 0 0 rg BT 287.94 363.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 321.01 363.00 Td (in ) Tj ET Q q 0 0 0 rg BT 328.40 363.00 Td (section ) Tj ET Q q 0 0 0 rg BT 352.53 363.00 Td (2.5. ) Tj ET Q q 0 0 0 rg BT 366.15 363.00 Td (of ) Tj ET Q q 0 0 0 rg BT 373.93 363.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 363.00 Td (present ) Tj ET Q q 0 0 0 rg BT 410.90 363.00 Td (document.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 352.50 Td ( ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 87.44 355.84 Td (2 ) Tj ET Q BT /F2 4.55 Tf ET q 0 0 0 rg BT 91.24 355.84 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 103.50 352.50 Td (Specific ) Tj ET Q q 0 0 0 rg BT 129.49 352.50 Td (items ) Tj ET Q q 0 0 0 rg BT 147.69 352.50 Td (are ) Tj ET Q q 0 0 0 rg BT 159.28 352.50 Td (comprised ) Tj ET Q q 0 0 0 rg BT 193.04 352.50 Td (of ) Tj ET Q q 0 0 0 rg BT 200.36 352.50 Td (acquisition-related, ) Tj ET Q q 0 0 0 rg BT 260.59 352.50 Td (integration ) Tj ET Q q 0 0 0 rg BT 294.75 352.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.57 352.50 Td (and ) Tj ET Q q 0 0 0 rg BT 325.72 352.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 366.10 352.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 383.91 352.50 Td (net ) Tj ET Q q 0 0 0 rg BT 395.12 352.50 Td (of ) Tj ET Q q 0 0 0 rg BT 402.43 352.50 Td (tax, ) Tj ET Q q 0 0 0 rg BT 415.19 352.50 Td (which ) Tj ET Q q 0 0 0 rg BT 434.56 352.50 Td (are ) Tj ET Q q 0 0 0 rg BT 446.16 352.50 Td (discussed ) Tj ET Q q 0 0 0 rg BT 478.76 352.50 Td (in ) Tj ET Q q 0 0 0 rg BT 485.68 352.50 Td (sections ) Tj ET Q q 0 0 0 rg BT 512.84 352.50 Td (3.7.1. ) Tj ET Q q 0 0 0 rg BT 531.83 352.50 Td (and ) Tj ET Q q 0 0 0 rg BT 544.98 352.50 Td (3.7.2. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 103.50 342.00 Td (of ) Tj ET Q q 0 0 0 rg BT 111.28 342.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.96 342.00 Td (present ) Tj ET Q q 0 0 0 rg BT 148.25 342.00 Td (document. ) Tj ET Q q 0 0 0 rg BT 182.88 342.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 199.61 342.00 Td (year ) Tj ET Q q 0 0 0 rg BT 215.17 342.00 Td (also ) Tj ET Q q 0 0 0 rg BT 229.95 342.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 257.58 342.00 Td (a ) Tj ET Q q 0 0 0 rg BT 263.42 342.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.70 342.00 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 312.83 342.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 345.91 342.00 Td (in ) Tj ET Q q 0 0 0 rg BT 353.30 342.00 Td (section ) Tj ET Q q 0 0 0 rg BT 377.42 342.00 Td (3.8.1.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (2.2. SELECTED ) Tj ET Q q 0 0 0 rg BT 141.36 708.95 Td (YEARL) Tj ET Q q 0 0 0 rg BT 171.03 708.95 Td (Y) Tj ET Q q 0 0 0 rg BT 176.87 708.95 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 220.70 708.95 Td (TION& KEY) Tj ET Q q 0 0 0 rg BT 272.04 708.95 Td ( PERFORMANCE MEASURES) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 398.55 712.29 Td (1) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 73.00 692.45 209.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 282.00 692.45 56.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 338.00 692.45 56.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 394.00 692.45 56.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 450.00 692.45 56.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 506.00 692.45 56.00 -23.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 73.00 659.45 209.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 282.00 659.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 338.00 659.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 394.00 659.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 450.00 659.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 506.00 659.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 645.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 645.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 631.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 631.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 617.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 617.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 603.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 603.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 589.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 589.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 575.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 575.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 73.00 561.45 209.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 282.00 561.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 338.00 561.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 394.00 561.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 450.00 561.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 506.00 561.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 547.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 547.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 533.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 533.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 519.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 519.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 505.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 505.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 491.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 491.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 477.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 477.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 463.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 463.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 449.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 449.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 73.00 435.45 209.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 282.00 435.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 338.00 435.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 394.00 435.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 450.00 435.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 506.00 435.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 421.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 421.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 407.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 407.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 393.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 393.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 73.00 379.45 209.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 282.00 379.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 338.00 379.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 394.00 379.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 450.00 379.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 506.00 379.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 365.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 365.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 351.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 351.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 337.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 337.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 323.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 323.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 73.00 309.45 209.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 282.00 309.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 338.00 309.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 394.00 309.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 450.00 309.45 56.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 506.00 309.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 295.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 295.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 281.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 281.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 282.00 267.45 56.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 450.00 267.45 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73 692.45 m 282 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 282 692.45 m 338 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 692.45 m 394 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 692.45 m 450 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450 692.45 m 506 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 692.45 m 562 692.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73 253.45000000000005 m 282 253.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 282 253.45000000000005 m 338 253.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 253.45000000000005 m 394 253.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 253.45000000000005 m 450 253.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450 253.45000000000005 m 506 253.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 253.45000000000005 m 562 253.45000000000005 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.50 678.93 Td (As at and for the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 300.60 678.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 356.60 678.93 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 412.60 678.93 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 462.80 682.93 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 456.35 674.93 Td (2020 / 2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 518.80 682.93 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 512.35 674.93 Td (2019 / 2018) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.50 661.18 Td (In millions of CAD unless otherwise noted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.50 651.13 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 636.43 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.90 635.68 Td (12,164.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.90 635.68 Td (12,1) Tj ET Q q 0 0 0 rg BT 365.47 635.68 Td (1) Tj ET Q q 0 0 0 rg BT 369.92 635.68 Td (1.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.90 635.68 Td (1) Tj ET Q q 0 0 0 rg BT 410.35 635.68 Td (1,506.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 635.68 Td (52.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 635.68 Td (604.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 622.43 Td (Y) Tj ET Q q 0 0 0 rg BT 80.47 622.43 Td (ear-over-year revenue growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.35 621.68 Td (0.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.35 621.68 Td (5.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.35 621.68 Td (6.1%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 622.43 Td (\(4.9%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.70 622.43 Td (\(0.8%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 608.43 Td (Constant currency year-over-year revenue growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.70 608.43 Td (\(0.1%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.35 608.43 Td (5.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.35 608.43 Td (4.6%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 608.43 Td (\(6.0%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 607.68 Td (1.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 594.43 Td (Backlog) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.25 593.68 Td (22,673) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.25 593.68 Td (22,61) Tj ET Q q 0 0 0 rg BT 373.27 593.68 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.25 593.68 Td (22,577) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.05 593.68 Td (62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.05 593.68 Td (34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 580.43 Td (Bookings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.25 579.68 Td (1) Tj ET Q q 0 0 0 rg BT 301.70 579.68 Td (1,848) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.25 579.68 Td (12,646) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.25 579.68 Td (13,493) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.15 579.68 Td (\(798\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.15 579.68 Td (\(847\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 566.43 Td (Book-to-bill ratio) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.15 565.68 Td (97.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.90 565.68 Td (104.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.90 565.68 Td (1) Tj ET Q q 0 0 0 rg BT 412.35 565.68 Td (17.3%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 566.43 Td (\(7.0%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.45 566.43 Td (\(12.9%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.50 553.13 Td (Profitability) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 119.50 556.47 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 538.43 Td (Adjusted EBIT) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 126.64 541.77 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 537.68 Td (1,862.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 537.68 Td (1,825.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 537.68 Td (1,701.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 537.68 Td (37.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 537.68 Td (123.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.50 524.38 Td (Adjusted EBIT margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 298.15 523.68 Td (15.3%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.15 523.63 Td (15.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 410.15 523.63 Td (14.8%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.35 524.43 Td (0.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 524.43 Td (0.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 510.43 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 509.68 Td (1,1) Tj ET Q q 0 0 0 rg BT 307.27 509.68 Td (17.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 509.68 Td (1,263.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 509.68 Td (1,141.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.80 509.68 Td (\(145.3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 509.68 Td (121.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.50 496.38 Td (Net earnings margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 300.35 495.68 Td (9.2%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.15 495.63 Td (10.4%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 412.35 495.63 Td (9.9%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 496.43 Td (\(1.2%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 495.68 Td (0.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 482.43 Td (Diluted EPS \(in dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.70 481.68 Td (4.20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.70 481.68 Td (4.55) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.70 481.68 Td (3.95) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.05 481.68 Td (\(0.35\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.70 481.68 Td (0.60) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 468.43 Td (Net earnings excluding specific items) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 207.12 471.77 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 467.68 Td (1,300.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 467.68 Td (1,305.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 467.68 Td (1,210.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.25 467.68 Td (\(5.8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.70 467.68 Td (95.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.50 454.38 Td (Net earnings margin excluding specific items) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 298.15 453.68 Td (10.7%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.15 453.63 Td (10.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 410.15 453.63 Td (10.5%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 454.43 Td (\(0.1%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 454.43 Td (0.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 440.43 Td (Diluted EPS excluding specific items \(in dollars\)) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 244.46 443.77 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.70 439.68 Td (4.89) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.70 439.68 Td (4.70) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.70 439.68 Td (4.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 439.68 Td (0.19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.70 439.68 Td (0.51) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.50 427.13 Td (Liquidity) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 108.83 430.47 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 412.43 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 411.68 Td (1,938.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 411.68 Td (1,633.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 411.68 Td (1,493.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.45 411.68 Td (304.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 411.68 Td (140.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.50 398.38 Td (As a % of revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 298.15 397.68 Td (15.9%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.15 397.63 Td (13.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 410.15 397.63 Td (13.0%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.35 397.68 Td (2.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 397.68 Td (0.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 384.43 Td (Days sales outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.05 383.68 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.05 383.68 Td (50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.05 383.68 Td (52) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.60 383.68 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.60 383.68 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.50 371.13 Td (Capital structure) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 139.07 374.47 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 356.43 Td (Net debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 355.68 Td (2,777.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 355.68 Td (2,1) Tj ET Q q 0 0 0 rg BT 363.27 355.68 Td (17.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 355.68 Td (1,640.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.45 355.68 Td (660.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 355.68 Td (476.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 342.43 Td (Net debt to capitalization ratio) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.15 341.68 Td (23.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 341.68 Td (22.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.15 341.68 Td (19.2%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.35 341.68 Td (0.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 341.68 Td (3.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 328.43 Td (Return on equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.15 327.68 Td (16.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 327.68 Td (18.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.15 327.68 Td (17.3%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 328.43 Td (\(2.5%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 327.68 Td (1.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 314.43 Td (Return on invested capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.15 313.68 Td (12.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 313.68 Td (15.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.15 313.68 Td (14.5%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.70 314.43 Td (\(3.0%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 313.68 Td (0.6%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.50 301.13 Td (Balance sheet) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 129.30 304.47 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 286.43 Td (Cash and cash equivalents, and short-term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 285.68 Td (1,709.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.45 285.68 Td (223.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.45 285.68 Td (184.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.15 285.68 Td (1,485.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.70 285.68 Td (39.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 272.43 Td (T) Tj ET Q q 0 0 0 rg BT 79.50 272.43 Td (otal assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.90 271.68 Td (15,550.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.90 271.68 Td (12,621.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.90 271.68 Td (1) Tj ET Q q 0 0 0 rg BT 410.35 271.68 Td (1,919.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.15 271.68 Td (2,928.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 271.68 Td (702.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 257.68 Td (Long-term financial liabilities) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 175.99 261.02 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.15 257.68 Td (4,030.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.15 257.68 Td (2,236.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 257.68 Td (1,530.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.15 257.68 Td (1,794.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.45 257.68 Td (705.9) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 239.29 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.53 235.95 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 235.95 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 235.95 Td (As ) Tj ET Q q 0 0 0 rg BT 95.85 235.95 Td (of ) Tj ET Q q 0 0 0 rg BT 103.87 235.95 Td (the ) Tj ET Q q 0 0 0 rg BT 115.78 235.95 Td (periods ) Tj ET Q q 0 0 0 rg BT 140.92 235.95 Td (ending ) Tj ET Q q 0 0 0 rg BT 164.13 235.95 Td (December ) Tj ET Q q 0 0 0 rg BT 198.60 235.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 210.51 235.95 Td (2019, ) Tj ET Q q 0 0 0 rg BT 230.21 235.95 Td (figures ) Tj ET Q q 0 0 0 rg BT 253.40 235.95 Td (include ) Tj ET Q q 0 0 0 rg BT 277.77 235.95 Td (the ) Tj ET Q q 0 0 0 rg BT 289.68 235.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 312.48 235.95 Td (of ) Tj ET Q q 0 0 0 rg BT 320.50 235.95 Td (the ) Tj ET Q q 0 0 0 rg BT 332.41 235.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 361.45 235.95 Td (of ) Tj ET Q q 0 0 0 rg BT 369.47 235.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 387.60 235.95 Td (16, ) Tj ET Q q 0 0 0 rg BT 399.51 235.95 Td (while ) Tj ET Q q 0 0 0 rg BT 417.65 235.95 Td (previous ) Tj ET Q q 0 0 0 rg BT 446.29 235.95 Td (years ) Tj ET Q q 0 0 0 rg BT 465.59 235.95 Td (are ) Tj ET Q q 0 0 0 rg BT 477.89 235.95 Td (not ) Tj ET Q q 0 0 0 rg BT 489.80 235.95 Td (restated ) Tj ET Q q 0 0 0 rg BT 517.28 235.95 Td (as ) Tj ET Q q 0 0 0 rg BT 526.85 235.95 Td (indicated ) Tj ET Q q 0 0 0 rg BT 557.05 235.95 Td (in ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 227.55 Td (section ) Tj ET Q q 0 0 0 rg BT 109.62 227.55 Td (7. ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 218.89 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.53 220.08 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.16 215.55 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 215.55 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 215.55 Td (Please ) Tj ET Q q 0 0 0 rg BT 108.85 215.55 Td (refer ) Tj ET Q q 0 0 0 rg BT 125.19 215.55 Td (to ) Tj ET Q q 0 0 0 rg BT 132.97 215.55 Td (sections ) Tj ET Q q 0 0 0 rg BT 160.59 215.55 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 174.21 215.55 Td (and ) Tj ET Q q 0 0 0 rg BT 187.84 215.55 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 207.30 215.55 Td (of ) Tj ET Q q 0 0 0 rg BT 215.08 215.55 Td (each ) Tj ET Q q 0 0 0 rg BT 232.20 215.55 Td (year's ) Tj ET Q q 0 0 0 rg BT 252.60 215.55 Td (respective ) Tj ET Q q 0 0 0 rg BT 286.45 215.55 Td (MD&A) Tj ET Q q 0 0 0 rg BT 306.29 215.55 Td ( ) Tj ET Q q 0 0 0 rg BT 308.23 215.55 Td (for ) Tj ET Q q 0 0 0 rg BT 318.35 215.55 Td (the ) Tj ET Q q 0 0 0 rg BT 330.02 215.55 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 372.82 215.55 Td (of ) Tj ET Q q 0 0 0 rg BT 380.60 215.55 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 413.94 215.55 Td ( ) Tj ET Q q 0 0 0 rg BT 415.88 215.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.51 215.55 Td (measures ) Tj ET Q q 0 0 0 rg BT 476.19 215.55 Td (for ) Tj ET Q q 0 0 0 rg BT 486.30 215.55 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 504.20 215.55 Td (2018 ) Tj ET Q q 0 0 0 rg BT 521.71 215.55 Td (and ) Tj ET Q q 0 0 0 rg BT 535.34 215.55 Td (2019.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 206.89 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.53 208.08 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.16 203.55 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 203.55 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 203.55 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 119.35 203.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.98 203.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 175.38 203.55 Td (include ) Tj ET Q q 0 0 0 rg BT 199.50 203.55 Td (the ) Tj ET Q q 0 0 0 rg BT 211.18 203.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 242.69 203.55 Td (portion ) Tj ET Q q 0 0 0 rg BT 266.04 203.55 Td (of ) Tj ET Q q 0 0 0 rg BT 273.82 203.55 Td (the ) Tj ET Q q 0 0 0 rg BT 285.50 203.55 Td (debt, ) Tj ET Q q 0 0 0 rg BT 303.01 203.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 334.52 203.55 Td (lease ) Tj ET Q q 0 0 0 rg BT 353.20 203.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 381.60 203.55 Td (and ) Tj ET Q q 0 0 0 rg BT 395.22 203.55 Td (the ) Tj ET Q q 0 0 0 rg BT 406.90 203.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 438.41 203.55 Td (derivative ) Tj ET Q q 0 0 0 rg BT 470.31 203.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.94 203.55 Td (instruments.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (2.3. ST) Tj ET Q q 0 0 0 rg BT 100.85 708.95 Td (OCK PERFORMANCE) Tj ET Q /GS0 gs q 466.00 0 0 359.00 72.00 344.95 cm /I3 Do Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 301.15 Td (2.3.1. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.52 301.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 126.53 301.15 Td (2020) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.55 301.15 Td ( ) Tj ET Q q 0 0 0 rg BT 149.06 301.15 Td (T) Tj ET Q q 0 0 0 rg BT 154.06 301.15 Td (rading ) Tj ET Q q 0 0 0 rg BT 184.06 301.15 Td (Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 284.65 Td (CGI) Tj ET Q q 0 0 0 rg BT 89.84 284.65 Td (s ) Tj ET Q q 0 0 0 rg BT 96.04 284.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.75 284.65 Td (are ) Tj ET Q q 0 0 0 rg BT 139.46 284.65 Td (listed ) Tj ET Q q 0 0 0 rg BT 162.17 284.65 Td (on ) Tj ET Q q 0 0 0 rg BT 173.88 284.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.98 284.65 Td (T) Tj ET Q q 0 0 0 rg BT 192.48 284.65 Td (oronto ) Tj ET Q q 0 0 0 rg BT 219.70 284.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 243.91 284.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 285.63 284.65 Td (\(TSX\) ) Tj ET Q q 0 0 0 rg BT 310.83 284.65 Td (\(stock ) Tj ET Q q 0 0 0 rg BT 336.53 284.65 Td (quote ) Tj ET Q q 0 0 0 rg BT 360.76 284.65 Td ( ) Tj ET Q q 0 0 0 rg BT 367.46 284.65 Td (GIB.A\) ) Tj ET Q q 0 0 0 rg BT 396.17 284.65 Td (and ) Tj ET Q q 0 0 0 rg BT 412.88 284.65 Td (the ) Tj ET Q q 0 0 0 rg BT 427.09 284.65 Td (New ) Tj ET Q q 0 0 0 rg BT 446.69 284.65 Td (Y) Tj ET Q q 0 0 0 rg BT 451.86 284.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 466.06 284.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 490.27 284.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 532.00 284.65 Td (\(NYSE\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 271.15 Td (\(stock ) Tj ET Q q 0 0 0 rg BT 98.50 271.15 Td (quote ) Tj ET Q q 0 0 0 rg BT 123.53 271.15 Td ( ) Tj ET Q q 0 0 0 rg BT 131.03 271.15 Td (GIB\) ) Tj ET Q q 0 0 0 rg BT 152.03 271.15 Td (and ) Tj ET Q q 0 0 0 rg BT 169.55 271.15 Td (are ) Tj ET Q q 0 0 0 rg BT 185.06 271.15 Td (included ) Tj ET Q q 0 0 0 rg BT 221.08 271.15 Td (in ) Tj ET Q q 0 0 0 rg BT 230.59 271.15 Td (key ) Tj ET Q q 0 0 0 rg BT 247.10 271.15 Td (indices ) Tj ET Q q 0 0 0 rg BT 277.61 271.15 Td (such ) Tj ET Q q 0 0 0 rg BT 299.12 271.15 Td (as ) Tj ET Q q 0 0 0 rg BT 311.13 271.15 Td (the ) Tj ET Q q 0 0 0 rg BT 326.14 271.15 Td (S&P/TSX ) Tj ET Q q 0 0 0 rg BT 366.65 271.15 Td (60 ) Tj ET Q q 0 0 0 rg BT 379.16 271.15 Td (Index.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 250.05 Td (TSX) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.00 250.05 Td (\(CAD\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.00 250.05 Td (NYSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 250.05 Td (\(USD\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 236.60 Td (Open:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.45 235.05 Td (105.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 236.60 Td (Open:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 235.05 Td (79.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 221.60 Td (High:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.45 220.05 Td (1) Tj ET Q q 0 0 0 rg BT 274.46 220.05 Td (14.49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 221.60 Td (High:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 220.05 Td (87.13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 206.60 Td (Low:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.45 205.05 Td (67.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 206.60 Td (Low:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 205.05 Td (46.32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 191.60 Td (Close:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.45 190.05 Td (90.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 191.60 Td (Close:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.45 190.05 Td (67.77) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 176.60 Td (CDN average daily trading volumes) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 216.57 180.89 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.82 176.60 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.45 175.05 Td (986,534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 176.60 Td (NYSE average daily trading volumes:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.45 175.05 Td (240,724) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 160.09 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.53 156.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 156.75 Td (Includes the average daily volumes of both the ) Tj ET Q q 0 0 0 rg BT 231.69 156.75 Td (TSX and alternative trading systems.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (2.3.2. ) Tj ET Q q 0 0 0 rg BT 97.02 708.95 Td (Normal ) Tj ET Q q 0 0 0 rg BT 130.53 708.95 Td (Course ) Tj ET Q q 0 0 0 rg BT 164.03 708.95 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 193.05 708.95 Td (Bid ) Tj ET Q q 0 0 0 rg BT 210.05 708.95 Td (\(NCIB\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (On ) Tj ET Q q 0 0 0 rg BT 86.34 689.45 Td (January ) Tj ET Q q 0 0 0 rg BT 120.70 689.45 Td (29, ) Tj ET Q q 0 0 0 rg BT 135.55 689.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 160.41 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.25 689.45 Td (Company) Tj ET Q q 0 0 0 rg BT 215.61 689.45 Td (s ) Tj ET Q q 0 0 0 rg BT 222.45 689.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 248.80 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 258.64 689.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 296.98 689.45 Td (authorized ) Tj ET Q q 0 0 0 rg BT 341.35 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 358.70 689.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 414.08 689.45 Td (received ) Tj ET Q q 0 0 0 rg BT 450.43 689.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 492.79 689.45 Td (approval ) Tj ET Q q 0 0 0 rg BT 529.65 689.45 Td (from ) Tj ET Q q 0 0 0 rg BT 549.99 689.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (TSX ) Tj ET Q q 0 0 0 rg BT 92.21 675.95 Td (for ) Tj ET Q q 0 0 0 rg BT 105.41 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 120.62 675.95 Td (renewal ) Tj ET Q q 0 0 0 rg BT 154.84 675.95 Td (of ) Tj ET Q q 0 0 0 rg BT 165.05 675.95 Td ( ) Tj ET Q q 0 0 0 rg BT 167.75 675.95 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 192.67 675.95 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 216.88 675.95 Td (which ) Tj ET Q q 0 0 0 rg BT 242.59 675.95 Td (allows ) Tj ET Q q 0 0 0 rg BT 270.30 675.95 Td (for ) Tj ET Q q 0 0 0 rg BT 283.51 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.72 675.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 338.45 675.95 Td (for ) Tj ET Q q 0 0 0 rg BT 351.65 675.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 401.89 675.95 Td (of ) Tj ET Q q 0 0 0 rg BT 412.09 675.95 Td (up ) Tj ET Q q 0 0 0 rg BT 424.81 675.95 Td (to ) Tj ET Q q 0 0 0 rg BT 435.01 675.95 Td (20,149,100 ) Tj ET Q q 0 0 0 rg BT 482.76 675.95 Td (Class) Tj ET Q q 0 0 0 rg BT 507.27 675.95 Td (A) Tj ET Q q 0 0 0 rg BT 512.78 675.95 Td ( ) Tj ET Q q 0 0 0 rg BT 515.48 675.95 Td (subordinate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 662.45 Td (voting ) Tj ET Q q 0 0 0 rg BT 98.81 662.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 128.63 662.45 Td (\(Class ) Tj ET Q q 0 0 0 rg BT 156.37 662.45 Td (A) Tj ET Q q 0 0 0 rg BT 161.88 662.45 Td ( ) Tj ET Q q 0 0 0 rg BT 164.67 662.45 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 198.99 662.45 Td (representing ) Tj ET Q q 0 0 0 rg BT 251.82 662.45 Td (10% ) Tj ET Q q 0 0 0 rg BT 272.63 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 282.93 662.45 Td (the ) Tj ET Q q 0 0 0 rg BT 298.24 662.45 Td (Company) Tj ET Q q 0 0 0 rg BT 338.60 662.45 Td (s ) Tj ET Q q 0 0 0 rg BT 345.90 662.45 Td (public ) Tj ET Q q 0 0 0 rg BT 372.21 662.45 Td (float ) Tj ET Q q 0 0 0 rg BT 392.02 662.45 Td (as ) Tj ET Q q 0 0 0 rg BT 404.32 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 414.63 662.45 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 662.45 Td (close ) Tj ET Q q 0 0 0 rg BT 453.74 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 464.05 662.45 Td (business ) Tj ET Q q 0 0 0 rg BT 502.37 662.45 Td (on ) Tj ET Q q 0 0 0 rg BT 515.18 662.45 Td (January ) Tj ET Q q 0 0 0 rg BT 549.99 662.45 Td (22, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (2020. ) Tj ET Q q 0 0 0 rg BT 96.56 648.95 Td (Class) Tj ET Q q 0 0 0 rg BT 121.07 648.95 Td (A) Tj ET Q q 0 0 0 rg BT 126.58 648.95 Td ( ) Tj ET Q q 0 0 0 rg BT 128.62 648.95 Td (Shares ) Tj ET Q q 0 0 0 rg BT 159.17 648.95 Td (may ) Tj ET Q q 0 0 0 rg BT 178.22 648.95 Td (be ) Tj ET Q q 0 0 0 rg BT 190.27 648.95 Td (purchased ) Tj ET Q q 0 0 0 rg BT 234.34 648.95 Td (for ) Tj ET Q q 0 0 0 rg BT 246.88 648.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 296.45 648.95 Td (under ) Tj ET Q q 0 0 0 rg BT 321.51 648.95 Td (the ) Tj ET Q q 0 0 0 rg BT 336.06 648.95 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 359.60 648.95 Td (commencing ) Tj ET Q q 0 0 0 rg BT 412.66 648.95 Td (on ) Tj ET Q q 0 0 0 rg BT 424.71 648.95 Td (February6, ) Tj ET Q q 0 0 0 rg BT 472.77 648.95 Td (2020 ) Tj ET Q q 0 0 0 rg BT 494.83 648.95 Td (until ) Tj ET Q q 0 0 0 rg BT 513.38 648.95 Td (no ) Tj ET Q q 0 0 0 rg BT 525.44 648.95 Td (later ) Tj ET Q q 0 0 0 rg BT 544.98 648.95 Td (than ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 635.45 Td (February ) Tj ET Q q 0 0 0 rg BT 110.78 635.45 Td (5, ) Tj ET Q q 0 0 0 rg BT 121.05 635.45 Td (2021, ) Tj ET Q q 0 0 0 rg BT 146.34 635.45 Td (or ) Tj ET Q q 0 0 0 rg BT 157.11 635.45 Td (on ) Tj ET Q q 0 0 0 rg BT 169.88 635.45 Td (such ) Tj ET Q q 0 0 0 rg BT 191.66 635.45 Td (earlier ) Tj ET Q q 0 0 0 rg BT 219.43 635.45 Td (date ) Tj ET Q q 0 0 0 rg BT 239.72 635.45 Td (when ) Tj ET Q q 0 0 0 rg BT 264.00 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.27 635.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 320.56 635.45 Td (has ) Tj ET Q q 0 0 0 rg BT 337.83 635.45 Td (either ) Tj ET Q q 0 0 0 rg BT 363.11 635.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 400.40 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 415.68 635.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 457.45 635.45 Td (number ) Tj ET Q q 0 0 0 rg BT 490.73 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 501.00 635.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 525.72 635.45 Td (A) Tj ET Q q 0 0 0 rg BT 531.23 635.45 Td ( ) Tj ET Q q 0 0 0 rg BT 533.99 635.45 Td (Shares ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 621.95 Td (allowable ) Tj ET Q q 0 0 0 rg BT 112.03 621.95 Td (under ) Tj ET Q q 0 0 0 rg BT 137.54 621.95 Td (the ) Tj ET Q q 0 0 0 rg BT 152.56 621.95 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 176.56 621.95 Td (or ) Tj ET Q q 0 0 0 rg BT 187.06 621.95 Td (elects ) Tj ET Q q 0 0 0 rg BT 213.07 621.95 Td (to ) Tj ET Q q 0 0 0 rg BT 223.08 621.95 Td (terminate ) Tj ET Q q 0 0 0 rg BT 263.10 621.95 Td (the ) Tj ET Q q 0 0 0 rg BT 278.11 621.95 Td (bid.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 602.45 Td (During ) Tj ET Q q 0 0 0 rg BT 100.40 602.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 114.80 602.45 Td (year ) Tj ET Q q 0 0 0 rg BT 134.19 602.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 161.10 602.45 Td (September ) Tj ET Q q 0 0 0 rg BT 207.01 602.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 221.41 602.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.43 602.45 Td (, ) Tj ET Q q 0 0 0 rg BT 245.82 602.45 Td (the ) Tj ET Q q 0 0 0 rg BT 260.22 602.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.62 602.45 Td (purchased ) Tj ET Q q 0 0 0 rg BT 344.54 602.45 Td (for ) Tj ET Q q 0 0 0 rg BT 356.93 602.45 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 406.34 602.45 Td (10,605,464 ) Tj ET Q q 0 0 0 rg BT 453.27 602.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 477.29 602.45 Td (A) Tj ET Q q 0 0 0 rg BT 482.80 602.45 Td ( ) Tj ET Q q 0 0 0 rg BT 484.68 602.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 515.08 602.45 Td (for ) Tj ET Q q 0 0 0 rg BT 527.47 602.45 Td ($1,043.5 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 588.95 Td (million ) Tj ET Q q 0 0 0 rg BT 99.44 588.95 Td (at ) Tj ET Q q 0 0 0 rg BT 108.88 588.95 Td (a ) Tj ET Q q 0 0 0 rg BT 115.82 588.95 Td (weighted ) Tj ET Q q 0 0 0 rg BT 153.78 588.95 Td (average ) Tj ET Q q 0 0 0 rg BT 188.24 588.95 Td (price ) Tj ET Q q 0 0 0 rg BT 209.69 588.95 Td (of ) Tj ET Q q 0 0 0 rg BT 219.13 588.95 Td ($98.39 ) Tj ET Q q 0 0 0 rg BT 248.59 588.95 Td (under ) Tj ET Q q 0 0 0 rg BT 273.54 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 287.99 588.95 Td (previous ) Tj ET Q q 0 0 0 rg BT 323.94 588.95 Td (and ) Tj ET Q q 0 0 0 rg BT 340.89 588.95 Td (current ) Tj ET Q q 0 0 0 rg BT 370.84 588.95 Td (NCIB. ) Tj ET Q q 0 0 0 rg BT 396.65 588.95 Td (The ) Tj ET Q q 0 0 0 rg BT 414.09 588.95 Td (purchased ) Tj ET Q q 0 0 0 rg BT 458.06 588.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 487.01 588.95 Td (included ) Tj ET Q q 0 0 0 rg BT 522.47 588.95 Td (6,008,905 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 575.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 96.09 575.45 Td (A) Tj ET Q q 0 0 0 rg BT 101.60 575.45 Td ( ) Tj ET Q q 0 0 0 rg BT 103.58 575.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 134.07 575.45 Td (purchased ) Tj ET Q q 0 0 0 rg BT 178.08 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 190.56 575.45 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 240.07 575.45 Td (from ) Tj ET Q q 0 0 0 rg BT 260.05 575.45 Td (Caisse ) Tj ET Q q 0 0 0 rg BT 289.54 575.45 Td (de ) Tj ET Q q 0 0 0 rg BT 301.53 575.45 Td (dpt ) Tj ET Q q 0 0 0 rg BT 326.03 575.45 Td (et ) Tj ET Q q 0 0 0 rg BT 335.51 575.45 Td (de ) Tj ET Q q 0 0 0 rg BT 347.50 575.45 Td (placement ) Tj ET Q q 0 0 0 rg BT 391.01 575.45 Td (du ) Tj ET Q q 0 0 0 rg BT 403.00 575.45 Td (Qubec ) Tj ET Q q 0 0 0 rg BT 436.50 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 448.98 575.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.97 575.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 525.48 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 534.97 575.45 Td ($600.0 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 561.95 Td (million. ) Tj ET Q q 0 0 0 rg BT 101.22 561.95 Td (The ) Tj ET Q q 0 0 0 rg BT 118.02 561.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 156.34 561.95 Td (was ) Tj ET Q q 0 0 0 rg BT 173.64 561.95 Td (made ) Tj ET Q q 0 0 0 rg BT 197.44 561.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 233.76 561.95 Td (to ) Tj ET Q q 0 0 0 rg BT 242.56 561.95 Td (an ) Tj ET Q q 0 0 0 rg BT 253.87 561.95 Td (exemption ) Tj ET Q q 0 0 0 rg BT 296.69 561.95 Td (order ) Tj ET Q q 0 0 0 rg BT 318.99 561.95 Td (issued ) Tj ET Q q 0 0 0 rg BT 346.30 561.95 Td (by ) Tj ET Q q 0 0 0 rg BT 357.10 561.95 Td (the ) Tj ET Q q 0 0 0 rg BT 370.65 561.95 Td (Autorit ) Tj ET Q q 0 0 0 rg BT 402.96 561.95 Td (des ) Tj ET Q q 0 0 0 rg BT 418.77 561.95 Td (marchs ) Tj ET Q q 0 0 0 rg BT 454.57 561.95 Td (financiers ) Tj ET Q q 0 0 0 rg BT 494.38 561.95 Td (and ) Tj ET Q q 0 0 0 rg BT 510.69 561.95 Td (is ) Tj ET Q q 0 0 0 rg BT 518.49 561.95 Td (considered ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 548.45 Td (within ) Tj ET Q q 0 0 0 rg BT 97.51 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 112.52 548.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 142.05 548.45 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 185.08 548.45 Td (limit ) Tj ET Q q 0 0 0 rg BT 203.58 548.45 Td (that ) Tj ET Q q 0 0 0 rg BT 221.09 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 236.10 548.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.12 548.45 Td (is ) Tj ET Q q 0 0 0 rg BT 286.12 548.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 317.65 548.45 Td (to ) Tj ET Q q 0 0 0 rg BT 327.65 548.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 367.18 548.45 Td (under ) Tj ET Q q 0 0 0 rg BT 392.70 548.45 Td (its ) Tj ET Q q 0 0 0 rg BT 404.20 548.45 Td (current ) Tj ET Q q 0 0 0 rg BT 434.71 548.45 Td (NCIB.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 528.95 Td (As ) Tj ET Q q 0 0 0 rg BT 85.17 528.95 Td (at ) Tj ET Q q 0 0 0 rg BT 95.35 528.95 Td (September ) Tj ET Q q 0 0 0 rg BT 142.04 528.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 157.23 528.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.25 528.95 Td (, ) Tj ET Q q 0 0 0 rg BT 182.42 528.95 Td (the ) Tj ET Q q 0 0 0 rg BT 197.60 528.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.79 528.95 Td (can ) Tj ET Q q 0 0 0 rg BT 255.97 528.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 295.66 528.95 Td (up ) Tj ET Q q 0 0 0 rg BT 308.35 528.95 Td (to ) Tj ET Q q 0 0 0 rg BT 318.52 528.95 Td (10,037,936 ) Tj ET Q q 0 0 0 rg BT 366.24 528.95 Td (Class ) Tj ET Q q 0 0 0 rg BT 390.88 528.95 Td (A) Tj ET Q q 0 0 0 rg BT 396.39 528.95 Td ( ) Tj ET Q q 0 0 0 rg BT 399.06 528.95 Td (Shares ) Tj ET Q q 0 0 0 rg BT 430.24 528.95 Td (for ) Tj ET Q q 0 0 0 rg BT 443.42 528.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 493.62 528.95 Td (under ) Tj ET Q q 0 0 0 rg BT 519.31 528.95 Td (the ) Tj ET Q q 0 0 0 rg BT 534.49 528.95 Td (current ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 515.45 Td (NCIB. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 486.95 Td (2.3.3. ) Tj ET Q q 0 0 0 rg BT 97.02 486.95 Td (Capital ) Tj ET Q q 0 0 0 rg BT 129.52 486.95 Td (Stock ) Tj ET Q q 0 0 0 rg BT 156.53 486.95 Td (and ) Tj ET Q q 0 0 0 rg BT 175.03 486.95 Td (Options ) Tj ET Q q 0 0 0 rg BT 211.53 486.95 Td (Outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 73.50 467.45 Td (The following table provides a summary of the Capital Stock and Options Outstanding as at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.20 467.45 Td (November6, 2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.24 467.45 Td (:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 450.95 379.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 451.50 450.95 110.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 451.50 437.95 110.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 451.50 424.95 110.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 451.50 411.95 110.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 450.95 m 451.5 450.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 450.95 m 561.5 450.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 398.95 m 451.5 398.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 398.95 m 561.5 398.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 442.43 Td (Capital Stock and Options Outstanding) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 462.15 442.43 Td (As at November 6, 2020) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 429.43 Td (Class) Tj ET Q q 0 0 0 rg BT 97.01 429.43 Td (A) Tj ET Q q 0 0 0 rg BT 101.90 429.43 Td ( subordinate voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.80 429.23 Td (229,981,039) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 416.43 Td (Class B multiple voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 416.23 Td (28,945,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 403.43 Td (Options to purchase Class) Tj ET Q q 0 0 0 rg BT 170.61 403.43 Td (A) Tj ET Q q 0 0 0 rg BT 175.50 403.43 Td ( subordinate voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.70 403.23 Td (8,849,802) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 373.95 Td ( 2.4. INVESTMENTS IN SUBSIDIARIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 354.45 Td (On ) Tj ET Q q 0 0 0 rg BT 85.46 354.45 Td (December ) Tj ET Q q 0 0 0 rg BT 128.44 354.45 Td (18, ) Tj ET Q q 0 0 0 rg BT 142.41 354.45 Td (2019, ) Tj ET Q q 0 0 0 rg BT 166.39 354.45 Td (the ) Tj ET Q q 0 0 0 rg BT 180.36 354.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.34 354.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.32 354.45 Td (all ) Tj ET Q q 0 0 0 rg BT 266.78 354.45 Td (of ) Tj ET Q q 0 0 0 rg BT 275.75 354.45 Td (the ) Tj ET Q q 0 0 0 rg BT 289.72 354.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 337.72 354.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.19 354.45 Td (of ) Tj ET Q q 0 0 0 rg BT 375.15 354.45 Td (SCISYS ) Tj ET Q q 0 0 0 rg BT 409.62 354.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 436.10 354.45 Td (Plc ) Tj ET Q q 0 0 0 rg BT 450.06 354.45 Td (\(SCISYS\). ) Tj ET Q q 0 0 0 rg BT 493.02 354.45 Td (SCISYS ) Tj ET Q q 0 0 0 rg BT 527.49 354.45 Td (operates ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 340.95 Td (in ) Tj ET Q q 0 0 0 rg BT 80.85 340.95 Td (several ) Tj ET Q q 0 0 0 rg BT 111.71 340.95 Td (sectors, ) Tj ET Q q 0 0 0 rg BT 145.06 340.95 Td (with ) Tj ET Q q 0 0 0 rg BT 162.91 340.95 Td (deep ) Tj ET Q q 0 0 0 rg BT 184.78 340.95 Td (expertise ) Tj ET Q q 0 0 0 rg BT 223.14 340.95 Td (and ) Tj ET Q q 0 0 0 rg BT 240.00 340.95 Td (industry ) Tj ET Q q 0 0 0 rg BT 273.36 340.95 Td (leading ) Tj ET Q q 0 0 0 rg BT 304.23 340.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 341.59 340.95 Td (in ) Tj ET Q q 0 0 0 rg BT 350.44 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 364.80 340.95 Td (space ) Tj ET Q q 0 0 0 rg BT 390.66 340.95 Td (and ) Tj ET Q q 0 0 0 rg BT 407.52 340.95 Td (defense ) Tj ET Q q 0 0 0 rg BT 441.39 340.95 Td (sectors, ) Tj ET Q q 0 0 0 rg BT 474.75 340.95 Td (as ) Tj ET Q q 0 0 0 rg BT 486.10 340.95 Td (well ) Tj ET Q q 0 0 0 rg BT 503.45 340.95 Td (as ) Tj ET Q q 0 0 0 rg BT 514.80 340.95 Td (in ) Tj ET Q q 0 0 0 rg BT 523.65 340.95 Td (the ) Tj ET Q q 0 0 0 rg BT 538.00 340.95 Td (media ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 327.45 Td (and ) Tj ET Q q 0 0 0 rg BT 88.54 327.45 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 129.58 327.45 Td (news ) Tj ET Q q 0 0 0 rg BT 152.11 327.45 Td (industries ) Tj ET Q q 0 0 0 rg BT 192.15 327.45 Td (and ) Tj ET Q q 0 0 0 rg BT 208.69 327.45 Td (is ) Tj ET Q q 0 0 0 rg BT 216.70 327.45 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 276.77 327.45 Td (in ) Tj ET Q q 0 0 0 rg BT 285.30 327.45 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 314.83 327.45 Td (Ireland. ) Tj ET Q q 0 0 0 rg BT 346.27 327.45 Td (This ) Tj ET Q q 0 0 0 rg BT 364.80 327.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 408.84 327.45 Td (added ) Tj ET Q q 0 0 0 rg BT 435.39 327.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 492.93 327.45 Td (670 ) Tj ET Q q 0 0 0 rg BT 509.47 327.45 Td (professionals ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 313.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 313.95 Td (the ) Tj ET Q q 0 0 0 rg BT 97.02 313.95 Td (Company) Tj ET Q q 0 0 0 rg BT 134.87 313.95 Td (, ) Tj ET Q q 0 0 0 rg BT 139.87 313.95 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 198.90 313.95 Td (based ) Tj ET Q q 0 0 0 rg BT 225.92 313.95 Td (in ) Tj ET Q q 0 0 0 rg BT 235.43 313.95 Td (the ) Tj ET Q q 0 0 0 rg BT 250.44 313.95 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 270.44 313.95 Td (andGermany) Tj ET Q q 0 0 0 rg BT 324.30 313.95 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 294.45 Td (On ) Tj ET Q q 0 0 0 rg BT 86.29 294.45 Td (January ) Tj ET Q q 0 0 0 rg BT 120.60 294.45 Td (20, ) Tj ET Q q 0 0 0 rg BT 135.40 294.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 160.21 294.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.01 294.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.82 294.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 252.63 294.45 Td (all ) Tj ET Q q 0 0 0 rg BT 263.92 294.45 Td (of ) Tj ET Q q 0 0 0 rg BT 273.71 294.45 Td (the ) Tj ET Q q 0 0 0 rg BT 288.51 294.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 337.34 294.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.64 294.45 Td (of ) Tj ET Q q 0 0 0 rg BT 376.43 294.45 Td (Meti ) Tj ET Q q 0 0 0 rg BT 395.72 294.45 Td (Logiciels ) Tj ET Q q 0 0 0 rg BT 433.03 294.45 Td (et ) Tj ET Q q 0 0 0 rg BT 442.83 294.45 Td (Services ) Tj ET Q q 0 0 0 rg BT 479.63 294.45 Td (SAS ) Tj ET Q q 0 0 0 rg BT 499.92 294.45 Td (\(Meti\). ) Tj ET Q q 0 0 0 rg BT 527.71 294.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 555.51 294.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 280.95 Td (France, ) Tj ET Q q 0 0 0 rg BT 104.87 280.95 Td (Meti ) Tj ET Q q 0 0 0 rg BT 124.23 280.95 Td (is ) Tj ET Q q 0 0 0 rg BT 133.09 280.95 Td (specialized ) Tj ET Q q 0 0 0 rg BT 179.97 280.95 Td (in ) Tj ET Q q 0 0 0 rg BT 189.33 280.95 Td (the ) Tj ET Q q 0 0 0 rg BT 204.20 280.95 Td (development ) Tj ET Q q 0 0 0 rg BT 258.09 280.95 Td (of ) Tj ET Q q 0 0 0 rg BT 267.95 280.95 Td (software ) Tj ET Q q 0 0 0 rg BT 304.33 280.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 342.20 280.95 Td (for ) Tj ET Q q 0 0 0 rg BT 355.06 280.95 Td (the ) Tj ET Q q 0 0 0 rg BT 369.93 280.95 Td (retail ) Tj ET Q q 0 0 0 rg BT 391.80 280.95 Td (sector ) Tj ET Q q 0 0 0 rg BT 418.66 280.95 Td (across ) Tj ET Q q 0 0 0 rg BT 447.53 280.95 Td (Europe ) Tj ET Q q 0 0 0 rg BT 478.91 280.95 Td (and ) Tj ET Q q 0 0 0 rg BT 496.28 280.95 Td (works ) Tj ET Q q 0 0 0 rg BT 522.14 280.95 Td (with ) Tj ET Q q 0 0 0 rg BT 540.50 280.95 Td (some ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 267.45 Td (of ) Tj ET Q q 0 0 0 rg BT 82.01 267.45 Td (Europe's ) Tj ET Q q 0 0 0 rg BT 119.75 267.45 Td (largest ) Tj ET Q q 0 0 0 rg BT 149.26 267.45 Td (retailers. ) Tj ET Q q 0 0 0 rg BT 186.11 267.45 Td (This ) Tj ET Q q 0 0 0 rg BT 205.61 267.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 250.64 267.45 Td (added ) Tj ET Q q 0 0 0 rg BT 278.17 267.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 336.69 267.45 Td (300 ) Tj ET Q q 0 0 0 rg BT 354.21 267.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 409.74 267.45 Td (to ) Tj ET Q q 0 0 0 rg BT 419.74 267.45 Td (the ) Tj ET Q q 0 0 0 rg BT 434.76 267.45 Td (Company) Tj ET Q q 0 0 0 rg BT 472.61 267.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 247.95 Td (On ) Tj ET Q q 0 0 0 rg BT 85.78 247.95 Td (March ) Tj ET Q q 0 0 0 rg BT 112.55 247.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 126.84 247.95 Td (2020, ) Tj ET Q q 0 0 0 rg BT 151.13 247.95 Td (the ) Tj ET Q q 0 0 0 rg BT 165.41 247.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.70 247.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 242.00 247.95 Td (all ) Tj ET Q q 0 0 0 rg BT 252.77 247.95 Td (of ) Tj ET Q q 0 0 0 rg BT 262.05 247.95 Td (the ) Tj ET Q q 0 0 0 rg BT 276.33 247.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 324.64 247.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.43 247.95 Td (of ) Tj ET Q q 0 0 0 rg BT 362.59 247.95 Td (T) Tj ET Q q 0 0 0 rg BT 367.09 247.95 Td (eraThink ) Tj ET Q q 0 0 0 rg BT 403.88 247.95 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 452.67 247.95 Td (\(T) Tj ET Q q 0 0 0 rg BT 460.17 247.95 Td (eraThink\). ) Tj ET Q q 0 0 0 rg BT 502.46 247.95 Td (Headquartered ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 234.45 Td (in ) Tj ET Q q 0 0 0 rg BT 81.26 234.45 Td (Reston, ) Tj ET Q q 0 0 0 rg BT 114.53 234.45 Td (V) Tj ET Q q 0 0 0 rg BT 120.37 234.45 Td (irginia, ) Tj ET Q q 0 0 0 rg BT 148.99 234.45 Td (T) Tj ET Q q 0 0 0 rg BT 153.49 234.45 Td (eraThink ) Tj ET Q q 0 0 0 rg BT 190.76 234.45 Td (is ) Tj ET Q q 0 0 0 rg BT 199.51 234.45 Td (an ) Tj ET Q q 0 0 0 rg BT 211.78 234.45 Td (information ) Tj ET Q q 0 0 0 rg BT 258.55 234.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 304.34 234.45 Td (and ) Tj ET Q q 0 0 0 rg BT 321.61 234.45 Td (management ) Tj ET Q q 0 0 0 rg BT 376.39 234.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 419.17 234.45 Td (firm ) Tj ET Q q 0 0 0 rg BT 436.42 234.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 475.20 234.45 Td (digitization, ) Tj ET Q q 0 0 0 rg BT 522.48 234.45 Td (enterprise ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 220.95 Td (finance, ) Tj ET Q q 0 0 0 rg BT 105.88 220.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.24 220.95 Td (management, ) Tj ET Q q 0 0 0 rg BT 179.63 220.95 Td (and ) Tj ET Q q 0 0 0 rg BT 197.01 220.95 Td (data ) Tj ET Q q 0 0 0 rg BT 216.88 220.95 Td (analytics ) Tj ET Q q 0 0 0 rg BT 254.26 220.95 Td (services ) Tj ET Q q 0 0 0 rg BT 289.63 220.95 Td (to ) Tj ET Q q 0 0 0 rg BT 299.49 220.95 Td (the ) Tj ET Q q 0 0 0 rg BT 314.36 220.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 334.23 220.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 364.10 220.95 Td (government. ) Tj ET Q q 0 0 0 rg BT 416.34 220.95 Td (The ) Tj ET Q q 0 0 0 rg BT 434.21 220.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 479.09 220.95 Td (added ) Tj ET Q q 0 0 0 rg BT 506.48 220.95 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 207.45 Td (250 ) Tj ET Q q 0 0 0 rg BT 89.52 207.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 145.05 207.45 Td (to ) Tj ET Q q 0 0 0 rg BT 155.05 207.45 Td (the ) Tj ET Q q 0 0 0 rg BT 170.06 207.45 Td (Company) Tj ET Q q 0 0 0 rg BT 207.91 207.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 187.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 187.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.03 187.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 175.05 187.95 Td (these ) Tj ET Q q 0 0 0 rg BT 199.57 187.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 249.10 187.95 Td (for ) Tj ET Q q 0 0 0 rg BT 262.10 187.95 Td (a ) Tj ET Q q 0 0 0 rg BT 269.60 187.95 Td (total ) Tj ET Q q 0 0 0 rg BT 289.12 187.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 328.64 187.95 Td (price ) Tj ET Q q 0 0 0 rg BT 350.65 187.95 Td (of ) Tj ET Q q 0 0 0 rg BT 360.65 187.95 Td (approximately ) Tj ET Q q 0 0 0 rg BT 419.18 187.95 Td ($273 ) Tj ET Q q 0 0 0 rg BT 441.70 187.95 Td (million. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 168.45 Td (With ) Tj ET Q q 0 0 0 rg BT 91.90 168.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 133.82 168.45 Td (strategic ) Tj ET Q q 0 0 0 rg BT 169.73 168.45 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 214.65 168.45 Td (system ) Tj ET Q q 0 0 0 rg BT 245.05 168.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 288.98 168.45 Td (and ) Tj ET Q q 0 0 0 rg BT 305.89 168.45 Td (customer-centric ) Tj ET Q q 0 0 0 rg BT 374.31 168.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 399.72 168.45 Td (innovation ) Tj ET Q q 0 0 0 rg BT 442.65 168.45 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 491.57 168.45 Td (these ) Tj ET Q q 0 0 0 rg BT 515.48 168.45 Td (acquisitions ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 154.95 Td (were ) Tj ET Q q 0 0 0 rg BT 93.95 154.95 Td (made ) Tj ET Q q 0 0 0 rg BT 118.90 154.95 Td (to ) Tj ET Q q 0 0 0 rg BT 128.84 154.95 Td (complement ) Tj ET Q q 0 0 0 rg BT 180.31 154.95 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 204.96 154.95 Td (proximity ) Tj ET Q q 0 0 0 rg BT 243.41 154.95 Td (model ) Tj ET Q q 0 0 0 rg BT 270.36 154.95 Td (and ) Tj ET Q q 0 0 0 rg BT 287.81 154.95 Td (expertise ) Tj ET Q q 0 0 0 rg BT 326.77 154.95 Td (across ) Tj ET Q q 0 0 0 rg BT 355.72 154.95 Td (key ) Tj ET Q q 0 0 0 rg BT 372.17 154.95 Td (sectors, ) Tj ET Q q 0 0 0 rg BT 406.11 154.95 Td (including ) Tj ET Q q 0 0 0 rg BT 444.08 154.95 Td (communications, ) Tj ET Q q 0 0 0 rg BT 514.04 154.95 Td (retail, ) Tj ET Q q 0 0 0 rg BT 538.49 154.95 Td (space ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 141.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 141.45 Td (defense ) Tj ET Q q 0 0 0 rg BT 124.04 141.45 Td (and ) Tj ET Q q 0 0 0 rg BT 141.56 141.45 Td (government. ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 742.45 Td (2.5. IMP) Tj ET Q q 0 0 0 rg BT 105.34 742.45 Td (ACT OF THE ) Tj ET Q q 0 0 0 rg BT 161.51 742.45 Td (ADOPTION OF IFRS 16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 722.95 Td (On ) Tj ET Q q 0 0 0 rg BT 86.21 722.95 Td (October ) Tj ET Q q 0 0 0 rg BT 119.94 722.95 Td (1st, ) Tj ET Q q 0 0 0 rg BT 136.15 722.95 Td (2019, ) Tj ET Q q 0 0 0 rg BT 160.38 722.95 Td (the ) Tj ET Q q 0 0 0 rg BT 174.60 722.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.83 722.95 Td (adopted ) Tj ET Q q 0 0 0 rg BT 249.07 722.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 271.27 722.95 Td (16, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 285.49 722.95 Td (Leases) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.52 722.95 Td (, ) Tj ET Q q 0 0 0 rg BT 318.72 722.95 Td (which ) Tj ET Q q 0 0 0 rg BT 343.44 722.95 Td (sets ) Tj ET Q q 0 0 0 rg BT 361.66 722.95 Td (out ) Tj ET Q q 0 0 0 rg BT 375.88 722.95 Td (the ) Tj ET Q q 0 0 0 rg BT 390.09 722.95 Td (principles ) Tj ET Q q 0 0 0 rg BT 429.82 722.95 Td (for ) Tj ET Q q 0 0 0 rg BT 442.03 722.95 Td (the ) Tj ET Q q 0 0 0 rg BT 456.25 722.95 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 504.49 722.95 Td (measurement, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 709.45 Td (presentation ) Tj ET Q q 0 0 0 rg BT 123.51 709.45 Td (and ) Tj ET Q q 0 0 0 rg BT 139.99 709.45 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 181.98 709.45 Td (of ) Tj ET Q q 0 0 0 rg BT 190.96 709.45 Td (leases ) Tj ET Q q 0 0 0 rg BT 218.44 709.45 Td (for ) Tj ET Q q 0 0 0 rg BT 230.41 709.45 Td (both ) Tj ET Q q 0 0 0 rg BT 249.40 709.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 277.88 709.45 Td (in ) Tj ET Q q 0 0 0 rg BT 286.36 709.45 Td (a ) Tj ET Q q 0 0 0 rg BT 292.84 709.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 315.82 709.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 360.32 709.45 Td (in ) Tj ET Q q 0 0 0 rg BT 368.79 709.45 Td (replacement ) Tj ET Q q 0 0 0 rg BT 419.79 709.45 Td (of ) Tj ET Q q 0 0 0 rg BT 428.77 709.45 Td (International ) Tj ET Q q 0 0 0 rg BT 479.48 709.45 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 525.48 709.45 Td (Standard ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 695.95 Td (\(IAS\) ) Tj ET Q q 0 0 0 rg BT 95.50 695.95 Td (17, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 110.51 695.95 Td (Leases) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 139.53 695.95 Td ( ) Tj ET Q q 0 0 0 rg BT 142.03 695.95 Td (\(please ) Tj ET Q q 0 0 0 rg BT 174.05 695.95 Td (refer ) Tj ET Q q 0 0 0 rg BT 195.06 695.95 Td (to ) Tj ET Q q 0 0 0 rg BT 205.07 695.95 Td (section ) Tj ET Q q 0 0 0 rg BT 236.08 695.95 Td (7 ) Tj ET Q q 0 0 0 rg BT 243.59 695.95 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 695.95 Td (the ) Tj ET Q q 0 0 0 rg BT 268.61 695.95 Td (present ) Tj ET Q q 0 0 0 rg BT 301.13 695.95 Td (document\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 676.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.10 676.45 Td (impacts ) Tj ET Q q 0 0 0 rg BT 125.19 676.45 Td (on ) Tj ET Q q 0 0 0 rg BT 138.29 676.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.89 676.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 191.51 676.45 Td (date ) Tj ET Q q 0 0 0 rg BT 212.11 676.45 Td (on ) Tj ET Q q 0 0 0 rg BT 225.21 676.45 Td (the ) Tj ET Q q 0 0 0 rg BT 240.81 676.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 294.44 676.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 329.05 676.45 Td (sheet ) Tj ET Q q 0 0 0 rg BT 354.16 676.45 Td (are ) Tj ET Q q 0 0 0 rg BT 370.25 676.45 Td (presented ) Tj ET Q q 0 0 0 rg BT 413.37 676.45 Td (in ) Tj ET Q q 0 0 0 rg BT 423.46 676.45 Td (note ) Tj ET Q q 0 0 0 rg BT 444.07 676.45 Td (3 ) Tj ET Q q 0 0 0 rg BT 452.16 676.45 Td (of ) Tj ET Q q 0 0 0 rg BT 462.75 676.45 Td (our ) Tj ET Q q 0 0 0 rg BT 478.85 676.45 Td (audited ) Tj ET Q q 0 0 0 rg BT 511.46 676.45 Td (consolidated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 662.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.32 662.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 153.14 662.95 Td (and ) Tj ET Q q 0 0 0 rg BT 169.95 662.95 Td (consists ) Tj ET Q q 0 0 0 rg BT 204.26 662.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 240.05 662.95 Td (in ) Tj ET Q q 0 0 0 rg BT 248.86 662.95 Td (the ) Tj ET Q q 0 0 0 rg BT 263.17 662.95 Td (on-balance ) Tj ET Q q 0 0 0 rg BT 309.50 662.95 Td (sheet ) Tj ET Q q 0 0 0 rg BT 333.31 662.95 Td (recognition ) Tj ET Q q 0 0 0 rg BT 379.14 662.95 Td (of ) Tj ET Q q 0 0 0 rg BT 388.44 662.95 Td (our ) Tj ET Q q 0 0 0 rg BT 403.25 662.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 426.56 662.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 475.88 662.95 Td (of ) Tj ET Q q 0 0 0 rg BT 485.19 662.95 Td (Right-of-use ) Tj ET Q q 0 0 0 rg BT 536.00 662.95 Td (assets ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 649.45 Td (and ) Tj ET Q q 0 0 0 rg BT 90.02 649.45 Td (Lease ) Tj ET Q q 0 0 0 rg BT 117.04 649.45 Td (liabilities.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 629.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.77 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 102.06 629.95 Td (year ) Tj ET Q q 0 0 0 rg BT 121.34 629.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.14 629.95 Td (September ) Tj ET Q q 0 0 0 rg BT 193.94 629.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 208.22 629.95 Td (2020, ) Tj ET Q q 0 0 0 rg BT 232.51 629.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 254.79 629.95 Td (16 ) Tj ET Q q 0 0 0 rg BT 266.57 629.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 302.88 629.95 Td (had ) Tj ET Q q 0 0 0 rg BT 319.67 629.95 Td (an ) Tj ET Q q 0 0 0 rg BT 331.45 629.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 359.73 629.95 Td (on ) Tj ET Q q 0 0 0 rg BT 371.51 629.95 Td (our ) Tj ET Q q 0 0 0 rg BT 386.29 629.95 Td (audited ) Tj ET Q q 0 0 0 rg BT 417.59 629.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 469.90 629.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 515.70 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 524.98 629.95 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 564.50 629.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 616.45 Td (presenting ) Tj ET Q q 0 0 0 rg BT 117.01 616.45 Td (a ) Tj ET Q q 0 0 0 rg BT 124.50 616.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.01 616.45 Td (in ) Tj ET Q q 0 0 0 rg BT 173.50 616.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 192.49 616.45 Td (of ) Tj ET Q q 0 0 0 rg BT 202.48 616.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 240.47 616.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 268.47 616.45 Td (and ) Tj ET Q q 0 0 0 rg BT 285.97 616.45 Td (administrative ) Tj ET Q q 0 0 0 rg BT 343.98 616.45 Td (of ) Tj ET Q q 0 0 0 rg BT 353.97 616.45 Td ($195.8 ) Tj ET Q q 0 0 0 rg BT 383.98 616.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 414.47 616.45 Td (an ) Tj ET Q q 0 0 0 rg BT 426.97 616.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.47 616.45 Td (in ) Tj ET Q q 0 0 0 rg BT 472.96 616.45 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 524.48 616.45 Td (of ) Tj ET Q q 0 0 0 rg BT 534.47 616.45 Td ($158.0 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 602.95 Td (million ) Tj ET Q q 0 0 0 rg BT 100.31 602.95 Td (for ) Tj ET Q q 0 0 0 rg BT 113.11 602.95 Td (a ) Tj ET Q q 0 0 0 rg BT 120.42 602.95 Td (net ) Tj ET Q q 0 0 0 rg BT 135.23 602.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 164.03 602.95 Td (on ) Tj ET Q q 0 0 0 rg BT 176.35 602.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 212.67 602.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 232.51 602.95 Td ( ) Tj ET Q q 0 0 0 rg BT 234.81 602.95 Td (of ) Tj ET Q q 0 0 0 rg BT 244.62 602.95 Td ($37.9 ) Tj ET Q q 0 0 0 rg BT 269.44 602.95 Td (million ) Tj ET Q q 0 0 0 rg BT 297.25 602.95 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 342.57 602.95 Td (in ) Tj ET Q q 0 0 0 rg BT 351.87 602.95 Td (section ) Tj ET Q q 0 0 0 rg BT 382.69 602.95 Td (3.6.\) ) Tj ET Q q 0 0 0 rg BT 403.00 602.95 Td (which ) Tj ET Q q 0 0 0 rg BT 428.31 602.95 Td (is ) Tj ET Q q 0 0 0 rg BT 437.11 602.95 Td (partially ) Tj ET Q q 0 0 0 rg BT 470.42 602.95 Td (of) Tj ET Q q 0 0 0 rg BT 477.76 602.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 494.57 602.95 Td (by ) Tj ET Q q 0 0 0 rg BT 506.38 602.95 Td (an ) Tj ET Q q 0 0 0 rg BT 518.69 602.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 555.01 602.95 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 589.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 104.02 589.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.53 589.45 Td (of ) Tj ET Q q 0 0 0 rg BT 137.53 589.45 Td ($32.0 ) Tj ET Q q 0 0 0 rg BT 162.56 589.45 Td (million ) Tj ET Q q 0 0 0 rg BT 190.56 589.45 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 236.08 589.45 Td (in ) Tj ET Q q 0 0 0 rg BT 245.59 589.45 Td (section ) Tj ET Q q 0 0 0 rg BT 276.60 589.45 Td (3.7.3. ) Tj ET Q q 0 0 0 rg BT 301.62 589.45 Td (of ) Tj ET Q q 0 0 0 rg BT 311.63 589.45 Td (the ) Tj ET Q q 0 0 0 rg BT 326.64 589.45 Td (present ) Tj ET Q q 0 0 0 rg BT 359.16 589.45 Td (document\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 569.95 Td (In ) Tj ET Q q 0 0 0 rg BT 83.27 569.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.56 569.95 Td (section ) Tj ET Q q 0 0 0 rg BT 152.34 569.95 Td (4.1. ) Tj ET Q q 0 0 0 rg BT 170.61 569.95 Td (of ) Tj ET Q q 0 0 0 rg BT 181.38 569.95 Td (the ) Tj ET Q q 0 0 0 rg BT 197.15 569.95 Td (present ) Tj ET Q q 0 0 0 rg BT 230.43 569.95 Td (document ) Tj ET Q q 0 0 0 rg BT 273.22 569.95 Td (presents ) Tj ET Q q 0 0 0 rg BT 311.00 569.95 Td (the ) Tj ET Q q 0 0 0 rg BT 326.77 569.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 356.54 569.95 Td (on ) Tj ET Q q 0 0 0 rg BT 369.82 569.95 Td (the ) Tj ET Q q 0 0 0 rg BT 385.59 569.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 439.39 569.95 Td (statement ) Tj ET Q q 0 0 0 rg BT 482.17 569.95 Td (of ) Tj ET Q q 0 0 0 rg BT 492.94 569.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 515.21 569.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 538.98 569.95 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 556.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 113.89 556.45 Td (our ) Tj ET Q q 0 0 0 rg BT 129.26 556.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.63 556.45 Td (provided ) Tj ET Q q 0 0 0 rg BT 187.51 556.45 Td (by ) Tj ET Q q 0 0 0 rg BT 199.38 556.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 239.27 556.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 276.15 556.45 Td (by ) Tj ET Q q 0 0 0 rg BT 288.01 556.45 Td ($165.3 ) Tj ET Q q 0 0 0 rg BT 317.90 556.45 Td (million ) Tj ET Q q 0 0 0 rg BT 345.77 556.45 Td (for ) Tj ET Q q 0 0 0 rg BT 358.64 556.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.51 556.45 Td (year ) Tj ET Q q 0 0 0 rg BT 393.38 556.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.77 556.45 Td (September ) Tj ET Q q 0 0 0 rg BT 467.16 556.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 482.03 556.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 506.91 556.45 Td (with ) Tj ET Q q 0 0 0 rg BT 525.28 556.45 Td (the ) Tj ET Q q 0 0 0 rg BT 540.16 556.45 Td (of) Tj ET Q q 0 0 0 rg BT 547.50 556.45 Td (fset ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 542.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 115.75 542.95 Td (in ) Tj ET Q q 0 0 0 rg BT 125.98 542.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.21 542.95 Td (used ) Tj ET Q q 0 0 0 rg BT 170.95 542.95 Td (in ) Tj ET Q q 0 0 0 rg BT 181.18 542.95 Td (financing ) Tj ET Q q 0 0 0 rg BT 220.43 542.95 Td (activities. ) Tj ET Q q 0 0 0 rg BT 260.67 542.95 Td (Section ) Tj ET Q q 0 0 0 rg BT 293.91 542.95 Td (4.5. ) Tj ET Q q 0 0 0 rg BT 312.14 542.95 Td (of ) Tj ET Q q 0 0 0 rg BT 322.87 542.95 Td (the ) Tj ET Q q 0 0 0 rg BT 338.61 542.95 Td (present ) Tj ET Q q 0 0 0 rg BT 371.85 542.95 Td (document ) Tj ET Q q 0 0 0 rg BT 414.60 542.95 Td (presents ) Tj ET Q q 0 0 0 rg BT 452.34 542.95 Td (the ) Tj ET Q q 0 0 0 rg BT 468.07 542.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 502.30 542.95 Td (to ) Tj ET Q q 0 0 0 rg BT 513.03 542.95 Td (some ) Tj ET Q q 0 0 0 rg BT 538.26 542.95 Td (of ) Tj ET Q q 0 0 0 rg BT 548.99 542.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 529.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 101.02 529.45 Td (structure ) Tj ET Q q 0 0 0 rg BT 138.53 529.45 Td (ratios.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 509.95 Td (Finally) Tj ET Q q 0 0 0 rg BT 97.84 509.95 Td (,the ) Tj ET Q q 0 0 0 rg BT 118.08 509.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 155.33 509.95 Td (of ) Tj ET Q q 0 0 0 rg BT 165.56 509.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 188.79 509.95 Td (16 ) Tj ET Q q 0 0 0 rg BT 201.53 509.95 Td (doesnt ) Tj ET Q q 0 0 0 rg BT 233.27 509.95 Td (have ) Tj ET Q q 0 0 0 rg BT 255.51 509.95 Td (an ) Tj ET Q q 0 0 0 rg BT 268.25 509.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.48 509.95 Td (on ) Tj ET Q q 0 0 0 rg BT 310.22 509.95 Td (the ) Tj ET Q q 0 0 0 rg BT 325.45 509.95 Td (Company) Tj ET Q q 0 0 0 rg BT 365.81 509.95 Td (s ) Tj ET Q q 0 0 0 rg BT 373.03 509.95 Td (external ) Tj ET Q q 0 0 0 rg BT 407.78 509.95 Td (covenants ) Tj ET Q q 0 0 0 rg BT 451.53 509.95 Td (and ) Tj ET Q q 0 0 0 rg BT 469.27 509.95 Td (conditions ) Tj ET Q q 0 0 0 rg BT 512.52 509.95 Td (related ) Tj ET Q q 0 0 0 rg BT 542.77 509.95 Td (to ) Tj ET Q q 0 0 0 rg BT 553.00 509.95 Td (its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 496.45 Td (debts. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 476.95 Td (2.6. COVID-19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 457.45 Td (While ) Tj ET Q q 0 0 0 rg BT 96.86 457.45 Td (we ) Tj ET Q q 0 0 0 rg BT 110.22 457.45 Td (are ) Tj ET Q q 0 0 0 rg BT 125.08 457.45 Td (unable ) Tj ET Q q 0 0 0 rg BT 153.97 457.45 Td (to ) Tj ET Q q 0 0 0 rg BT 163.33 457.45 Td (predict ) Tj ET Q q 0 0 0 rg BT 192.20 457.45 Td (the ) Tj ET Q q 0 0 0 rg BT 206.57 457.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 232.94 457.45 Td (to ) Tj ET Q q 0 0 0 rg BT 242.30 457.45 Td (which ) Tj ET Q q 0 0 0 rg BT 267.17 457.45 Td (the ) Tj ET Q q 0 0 0 rg BT 281.53 457.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 324.90 457.45 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 365.78 457.45 Td (may ) Tj ET Q q 0 0 0 rg BT 384.64 457.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 425.01 457.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 453.38 457.45 Td (our ) Tj ET Q q 0 0 0 rg BT 468.24 457.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 512.12 457.45 Td (and ) Tj ET Q q 0 0 0 rg BT 529.00 457.45 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 443.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 125.92 443.95 Td (in ) Tj ET Q q 0 0 0 rg BT 135.82 443.95 Td (future ) Tj ET Q q 0 0 0 rg BT 161.72 443.95 Td (quarters, ) Tj ET Q q 0 0 0 rg BT 200.13 443.95 Td (our ) Tj ET Q q 0 0 0 rg BT 216.04 443.95 Td (executive ) Tj ET Q q 0 0 0 rg BT 256.95 443.95 Td (crisis ) Tj ET Q q 0 0 0 rg BT 280.34 443.95 Td (management ) Tj ET Q q 0 0 0 rg BT 335.77 443.95 Td (team ) Tj ET Q q 0 0 0 rg BT 358.67 443.95 Td (and ) Tj ET Q q 0 0 0 rg BT 376.58 443.95 Td (our ) Tj ET Q q 0 0 0 rg BT 392.48 443.95 Td (network ) Tj ET Q q 0 0 0 rg BT 426.89 443.95 Td (of ) Tj ET Q q 0 0 0 rg BT 437.28 443.95 Td (local ) Tj ET Q q 0 0 0 rg BT 458.69 443.95 Td (crisis ) Tj ET Q q 0 0 0 rg BT 482.08 443.95 Td (management ) Tj ET Q q 0 0 0 rg BT 537.50 443.95 Td (teams ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 430.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 110.78 430.45 Td (to ) Tj ET Q q 0 0 0 rg BT 122.53 430.45 Td (closely ) Tj ET Q q 0 0 0 rg BT 154.29 430.45 Td (monitor ) Tj ET Q q 0 0 0 rg BT 188.55 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 205.31 430.45 Td (evolving ) Tj ET Q q 0 0 0 rg BT 242.58 430.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 288.35 430.45 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 334.12 430.45 Td (executing ) Tj ET Q q 0 0 0 rg BT 376.90 430.45 Td (on ) Tj ET Q q 0 0 0 rg BT 391.16 430.45 Td (our ) Tj ET Q q 0 0 0 rg BT 408.41 430.45 Td (business ) Tj ET Q q 0 0 0 rg BT 448.19 430.45 Td (continuity ) Tj ET Q q 0 0 0 rg BT 490.46 430.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 511.72 430.45 Td (and ) Tj ET Q q 0 0 0 rg BT 530.99 430.45 Td (working ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 416.95 Td (collaboratively ) Tj ET Q q 0 0 0 rg BT 131.99 416.95 Td (with ) Tj ET Q q 0 0 0 rg BT 150.46 416.95 Td (our ) Tj ET Q q 0 0 0 rg BT 165.93 416.95 Td (clients. ) Tj ET Q q 0 0 0 rg BT 196.41 416.95 Td (W) Tj ET Q q 0 0 0 rg BT 204.74 416.95 Td (e ) Tj ET Q q 0 0 0 rg BT 212.21 416.95 Td (have ) Tj ET Q q 0 0 0 rg BT 234.19 416.95 Td (established ) Tj ET Q q 0 0 0 rg BT 282.18 416.95 Td (key ) Tj ET Q q 0 0 0 rg BT 298.65 416.95 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 341.65 416.95 Td (and ) Tj ET Q q 0 0 0 rg BT 359.13 416.95 Td (procedures ) Tj ET Q q 0 0 0 rg BT 406.62 416.95 Td (related ) Tj ET Q q 0 0 0 rg BT 436.60 416.95 Td (to ) Tj ET Q q 0 0 0 rg BT 446.57 416.95 Td (security ) Tj ET Q q 0 0 0 rg BT 480.04 416.95 Td (and ) Tj ET Q q 0 0 0 rg BT 497.52 416.95 Td (access ) Tj ET Q q 0 0 0 rg BT 528.00 416.95 Td (controls, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 403.45 Td (member ) Tj ET Q q 0 0 0 rg BT 107.77 403.45 Td (health ) Tj ET Q q 0 0 0 rg BT 134.56 403.45 Td (screening, ) Tj ET Q q 0 0 0 rg BT 178.35 403.45 Td (member ) Tj ET Q q 0 0 0 rg BT 213.62 403.45 Td (isolation ) Tj ET Q q 0 0 0 rg BT 248.91 403.45 Td (and ) Tj ET Q q 0 0 0 rg BT 266.19 403.45 Td (quarantine, ) Tj ET Q q 0 0 0 rg BT 313.49 403.45 Td (and ) Tj ET Q q 0 0 0 rg BT 330.78 403.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 358.05 403.45 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 415.33 403.45 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 469.13 403.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.42 403.45 Td (cleaning, ) Tj ET Q q 0 0 0 rg BT 524.71 403.45 Td (to ) Tj ET Q q 0 0 0 rg BT 534.48 403.45 Td (ensure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 389.95 Td (that ) Tj ET Q q 0 0 0 rg BT 89.76 389.95 Td (our ) Tj ET Q q 0 0 0 rg BT 105.02 389.95 Td (workplace ) Tj ET Q q 0 0 0 rg BT 147.79 389.95 Td (practices ) Tj ET Q q 0 0 0 rg BT 186.06 389.95 Td (are ) Tj ET Q q 0 0 0 rg BT 201.32 389.95 Td (in ) Tj ET Q q 0 0 0 rg BT 210.57 389.95 Td (line ) Tj ET Q q 0 0 0 rg BT 226.83 389.95 Td (with ) Tj ET Q q 0 0 0 rg BT 245.09 389.95 Td (local ) Tj ET Q q 0 0 0 rg BT 265.85 389.95 Td (government ) Tj ET Q q 0 0 0 rg BT 315.63 389.95 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 389.41 389.95 Td (and ) Tj ET Q q 0 0 0 rg BT 406.68 389.95 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 463.96 389.95 Td (as ) Tj ET Q q 0 0 0 rg BT 475.71 389.95 Td (well ) Tj ET Q q 0 0 0 rg BT 493.47 389.95 Td (as ) Tj ET Q q 0 0 0 rg BT 505.23 389.95 Td (compliant ) Tj ET Q q 0 0 0 rg BT 546.00 389.95 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 376.45 Td (the ) Tj ET Q q 0 0 0 rg BT 87.10 376.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 134.72 376.45 Td (standards ) Tj ET Q q 0 0 0 rg BT 176.33 376.45 Td (of ) Tj ET Q q 0 0 0 rg BT 185.92 376.45 Td (safety) Tj ET Q q 0 0 0 rg BT 209.27 376.45 Td (, ) Tj ET Q q 0 0 0 rg BT 213.86 376.45 Td (health, ) Tj ET Q q 0 0 0 rg BT 242.97 376.45 Td (wellness ) Tj ET Q q 0 0 0 rg BT 279.57 376.45 Td (and ) Tj ET Q q 0 0 0 rg BT 296.67 376.45 Td (required ) Tj ET Q q 0 0 0 rg BT 331.78 376.45 Td (workplace ) Tj ET Q q 0 0 0 rg BT 374.39 376.45 Td (readiness ) Tj ET Q q 0 0 0 rg BT 415.50 376.45 Td (certifications. ) Tj ET Q q 0 0 0 rg BT 469.69 376.45 Td (As ) Tj ET Q q 0 0 0 rg BT 482.28 376.45 Td (of ) Tj ET Q q 0 0 0 rg BT 491.88 376.45 Td (today) Tj ET Q q 0 0 0 rg BT 513.22 376.45 Td (, ) Tj ET Q q 0 0 0 rg BT 517.81 376.45 Td (most ) Tj ET Q q 0 0 0 rg BT 539.40 376.45 Td (of ) Tj ET Q q 0 0 0 rg BT 549.00 376.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 362.95 Td (members ) Tj ET Q q 0 0 0 rg BT 112.51 362.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 149.04 362.95 Td (working ) Tj ET Q q 0 0 0 rg BT 182.55 362.95 Td (remotely) Tj ET Q q 0 0 0 rg BT 216.39 362.95 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 343.45 Td (During ) Tj ET Q q 0 0 0 rg BT 100.95 343.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.39 343.45 Td (last ) Tj ET Q q 0 0 0 rg BT 131.33 343.45 Td (two ) Tj ET Q q 0 0 0 rg BT 147.27 343.45 Td (quarters ) Tj ET Q q 0 0 0 rg BT 182.22 343.45 Td (of ) Tj ET Q q 0 0 0 rg BT 191.66 343.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 214.10 343.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 238.56 343.45 Td (our ) Tj ET Q q 0 0 0 rg BT 253.50 343.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 292.46 343.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 330.91 343.45 Td (declined ) Tj ET Q q 0 0 0 rg BT 366.37 343.45 Td (across ) Tj ET Q q 0 0 0 rg BT 394.81 343.45 Td (our ) Tj ET Q q 0 0 0 rg BT 409.76 343.45 Td (segments ) Tj ET Q q 0 0 0 rg BT 450.71 343.45 Td (when ) Tj ET Q q 0 0 0 rg BT 474.16 343.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.11 343.45 Td (to ) Tj ET Q q 0 0 0 rg BT 525.55 343.45 Td (the ) Tj ET Q q 0 0 0 rg BT 540.00 343.45 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 329.95 Td (period ) Tj ET Q q 0 0 0 rg BT 100.13 329.95 Td (last ) Tj ET Q q 0 0 0 rg BT 116.74 329.95 Td (year) Tj ET Q q 0 0 0 rg BT 133.75 329.95 Td (. ) Tj ET Q q 0 0 0 rg BT 138.86 329.95 Td (W) Tj ET Q q 0 0 0 rg BT 147.19 329.95 Td (e ) Tj ET Q q 0 0 0 rg BT 154.80 329.95 Td (experienced ) Tj ET Q q 0 0 0 rg BT 206.44 329.95 Td (reduced ) Tj ET Q q 0 0 0 rg BT 241.57 329.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 276.70 329.95 Td (for ) Tj ET Q q 0 0 0 rg BT 289.81 329.95 Td (our ) Tj ET Q q 0 0 0 rg BT 305.43 329.95 Td (services ) Tj ET Q q 0 0 0 rg BT 341.04 329.95 Td (during ) Tj ET Q q 0 0 0 rg BT 368.67 329.95 Td (the ) Tj ET Q q 0 0 0 rg BT 383.79 329.95 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 427.90 329.95 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 469.53 329.95 Td (due ) Tj ET Q q 0 0 0 rg BT 487.16 329.95 Td (to ) Tj ET Q q 0 0 0 rg BT 497.27 329.95 Td (the ) Tj ET Q q 0 0 0 rg BT 512.39 329.95 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 554.51 329.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 316.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 109.51 316.45 Td (in ) Tj ET Q q 0 0 0 rg BT 119.02 316.45 Td (some ) Tj ET Q q 0 0 0 rg BT 143.52 316.45 Td (of ) Tj ET Q q 0 0 0 rg BT 153.53 316.45 Td (our ) Tj ET Q q 0 0 0 rg BT 169.04 316.45 Td (markets, ) Tj ET Q q 0 0 0 rg BT 206.05 316.45 Td (particularly ) Tj ET Q q 0 0 0 rg BT 252.06 316.45 Td (in ) Tj ET Q q 0 0 0 rg BT 261.57 316.45 Td (the ) Tj ET Q q 0 0 0 rg BT 276.58 316.45 Td (manufacturing, ) Tj ET Q q 0 0 0 rg BT 338.61 316.45 Td (retail ) Tj ET Q q 0 0 0 rg BT 360.62 316.45 Td (& ) Tj ET Q q 0 0 0 rg BT 369.12 316.45 Td (distribution ) Tj ET Q q 0 0 0 rg BT 415.15 316.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 446.15 316.45 Td (market. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 296.95 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 296.95 Td (o ) Tj ET Q q 0 0 0 rg BT 85.21 296.95 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 119.92 296.95 Td (the ) Tj ET Q q 0 0 0 rg BT 135.64 296.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 169.85 296.95 Td (of ) Tj ET Q q 0 0 0 rg BT 180.56 296.95 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 225.27 296.95 Td (on ) Tj ET Q q 0 0 0 rg BT 238.48 296.95 Td (our ) Tj ET Q q 0 0 0 rg BT 254.69 296.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 295.92 296.95 Td (we ) Tj ET Q q 0 0 0 rg BT 310.63 296.95 Td (have ) Tj ET Q q 0 0 0 rg BT 333.34 296.95 Td (proactively ) Tj ET Q q 0 0 0 rg BT 379.56 296.95 Td (implemented ) Tj ET Q q 0 0 0 rg BT 434.29 296.95 Td (various ) Tj ET Q q 0 0 0 rg BT 466.51 296.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 486.22 296.95 Td (reduction ) Tj ET Q q 0 0 0 rg BT 526.44 296.95 Td (ef) Tj ET Q q 0 0 0 rg BT 533.79 296.95 Td (forts ) Tj ET Q q 0 0 0 rg BT 554.49 296.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 283.45 Td (adjust ) Tj ET Q q 0 0 0 rg BT 98.22 283.45 Td (our ) Tj ET Q q 0 0 0 rg BT 112.94 283.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 135.65 283.45 Td (based ) Tj ET Q q 0 0 0 rg BT 161.88 283.45 Td (on ) Tj ET Q q 0 0 0 rg BT 173.60 283.45 Td (our ) Tj ET Q q 0 0 0 rg BT 188.31 283.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 222.54 283.45 Td (level, ) Tj ET Q q 0 0 0 rg BT 245.26 283.45 Td (such ) Tj ET Q q 0 0 0 rg BT 265.98 283.45 Td (as ) Tj ET Q q 0 0 0 rg BT 277.19 283.45 Td (implementing ) Tj ET Q q 0 0 0 rg BT 332.42 283.45 Td (our ) Tj ET Q q 0 0 0 rg BT 347.14 283.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 398.86 283.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 417.59 283.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.31 283.45 Td (reducing ) Tj ET Q q 0 0 0 rg BT 470.54 283.45 Td (travel ) Tj ET Q q 0 0 0 rg BT 494.25 283.45 Td (related ) Tj ET Q q 0 0 0 rg BT 523.48 283.45 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 269.95 Td (following ) Tj ET Q q 0 0 0 rg BT 110.02 269.95 Td (government ) Tj ET Q q 0 0 0 rg BT 160.05 269.95 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 208.56 269.95 Td (Please ) Tj ET Q q 0 0 0 rg BT 238.58 269.95 Td (refer ) Tj ET Q q 0 0 0 rg BT 259.58 269.95 Td (to ) Tj ET Q q 0 0 0 rg BT 269.59 269.95 Td (sections ) Tj ET Q q 0 0 0 rg BT 305.11 269.95 Td (3.4., ) Tj ET Q q 0 0 0 rg BT 325.12 269.95 Td (3.5.1., ) Tj ET Q q 0 0 0 rg BT 352.64 269.95 Td (3.6. ) Tj ET Q q 0 0 0 rg BT 370.15 269.95 Td (and ) Tj ET Q q 0 0 0 rg BT 387.67 269.95 Td (3.7.2. ) Tj ET Q q 0 0 0 rg BT 412.69 269.95 Td (for ) Tj ET Q q 0 0 0 rg BT 425.69 269.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 466.72 269.95 Td (information. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 250.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.32 250.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.16 250.45 Td (maintains ) Tj ET Q q 0 0 0 rg BT 171.99 250.45 Td (a ) Tj ET Q q 0 0 0 rg BT 179.31 250.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 206.64 250.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 240.48 250.45 Td (sheet ) Tj ET Q q 0 0 0 rg BT 264.81 250.45 Td (and ) Tj ET Q q 0 0 0 rg BT 282.14 250.45 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 314.47 250.45 Td (position. ) Tj ET Q q 0 0 0 rg BT 350.31 250.45 Td (On ) Tj ET Q q 0 0 0 rg BT 364.17 250.45 Td (April ) Tj ET Q q 0 0 0 rg BT 384.49 250.45 Td (2, ) Tj ET Q q 0 0 0 rg BT 394.31 250.45 Td (2020 ) Tj ET Q q 0 0 0 rg BT 416.65 250.45 Td (the ) Tj ET Q q 0 0 0 rg BT 431.47 250.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.30 250.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 512.15 250.45 Td (and ) Tj ET Q q 0 0 0 rg BT 529.48 250.45 Td (restated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 236.95 Td (its ) Tj ET Q q 0 0 0 rg BT 84.33 236.95 Td (two-year ) Tj ET Q q 0 0 0 rg BT 121.67 236.95 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 166.53 236.95 Td (committed ) Tj ET Q q 0 0 0 rg BT 210.88 236.95 Td (term ) Tj ET Q q 0 0 0 rg BT 231.71 236.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 251.56 236.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 276.39 236.95 Td (facility ) Tj ET Q q 0 0 0 rg BT 304.23 236.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 322.57 236.95 Td (2020 ) Tj ET Q q 0 0 0 rg BT 345.24 236.95 Td (T) Tj ET Q q 0 0 0 rg BT 349.74 236.95 Td (erm ) Tj ET Q q 0 0 0 rg BT 368.07 236.95 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 393.92 236.95 Td (for ) Tj ET Q q 0 0 0 rg BT 407.26 236.95 Td (a ) Tj ET Q q 0 0 0 rg BT 415.09 236.95 Td (total ) Tj ET Q q 0 0 0 rg BT 434.94 236.95 Td (principal ) Tj ET Q q 0 0 0 rg BT 471.28 236.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 504.13 236.95 Td (of ) Tj ET Q q 0 0 0 rg BT 514.47 236.95 Td (US$1,250.0 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 223.45 Td (million.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 203.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.86 203.95 Td (highest ) Tj ET Q q 0 0 0 rg BT 123.24 203.95 Td (priority ) Tj ET Q q 0 0 0 rg BT 153.61 203.95 Td (remains ) Tj ET Q q 0 0 0 rg BT 188.97 203.95 Td (the ) Tj ET Q q 0 0 0 rg BT 204.84 203.95 Td (health ) Tj ET Q q 0 0 0 rg BT 232.72 203.95 Td (and ) Tj ET Q q 0 0 0 rg BT 251.10 203.95 Td (safety ) Tj ET Q q 0 0 0 rg BT 278.47 203.95 Td (of ) Tj ET Q q 0 0 0 rg BT 289.33 203.95 Td (our ) Tj ET Q q 0 0 0 rg BT 305.70 203.95 Td (members ) Tj ET Q q 0 0 0 rg BT 346.57 203.95 Td (and ) Tj ET Q q 0 0 0 rg BT 364.94 203.95 Td (providing ) Tj ET Q q 0 0 0 rg BT 404.82 203.95 Td (service ) Tj ET Q q 0 0 0 rg BT 436.69 203.95 Td (continuity ) Tj ET Q q 0 0 0 rg BT 478.07 203.95 Td (for ) Tj ET Q q 0 0 0 rg BT 491.93 203.95 Td (our ) Tj ET Q q 0 0 0 rg BT 508.30 203.95 Td (clients. ) Tj ET Q q 0 0 0 rg BT 539.67 203.95 Td (CGI) Tj ET Q q 0 0 0 rg BT 557.51 203.95 Td (s ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 190.45 Td (proximity-based ) Tj ET Q q 0 0 0 rg BT 139.01 190.45 Td (business ) Tj ET Q q 0 0 0 rg BT 177.51 190.45 Td (model ) Tj ET Q q 0 0 0 rg BT 205.01 190.45 Td (and ) Tj ET Q q 0 0 0 rg BT 223.01 190.45 Td (robust ) Tj ET Q q 0 0 0 rg BT 251.01 190.45 Td (internal ) Tj ET Q q 0 0 0 rg BT 283.51 190.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 339.01 190.45 Td (limited ) Tj ET Q q 0 0 0 rg BT 368.00 190.45 Td (the ) Tj ET Q q 0 0 0 rg BT 383.50 190.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 412.99 190.45 Td (of ) Tj ET Q q 0 0 0 rg BT 423.48 190.45 Td (confinement ) Tj ET Q q 0 0 0 rg BT 475.49 190.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 517.99 190.45 Td (imposed ) Tj ET Q q 0 0 0 rg BT 554.99 190.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 176.95 Td (several ) Tj ET Q q 0 0 0 rg BT 104.01 176.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 143.03 176.95 Td (and ) Tj ET Q q 0 0 0 rg BT 160.55 176.95 Td (allowed ) Tj ET Q q 0 0 0 rg BT 193.57 176.95 Td (the ) Tj ET Q q 0 0 0 rg BT 208.58 176.95 Td (majority ) Tj ET Q q 0 0 0 rg BT 242.59 176.95 Td (of ) Tj ET Q q 0 0 0 rg BT 252.59 176.95 Td (our ) Tj ET Q q 0 0 0 rg BT 268.10 176.95 Td (members ) Tj ET Q q 0 0 0 rg BT 308.11 176.95 Td (to ) Tj ET Q q 0 0 0 rg BT 318.11 176.95 Td (work ) Tj ET Q q 0 0 0 rg BT 339.62 176.95 Td (remotely) Tj ET Q q 0 0 0 rg BT 373.46 176.95 Td (, ) Tj ET Q q 0 0 0 rg BT 378.46 176.95 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 415.48 176.95 Td (service ) Tj ET Q q 0 0 0 rg BT 446.49 176.95 Td (continuity ) Tj ET Q q 0 0 0 rg BT 487.01 176.95 Td (to ) Tj ET Q q 0 0 0 rg BT 497.02 176.95 Td (our ) Tj ET Q q 0 0 0 rg BT 512.53 176.95 Td (clients.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (3. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Financial Review) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 168.70 706.80 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 696.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 692.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 142.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 692.3 m 228.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 692.3 m 337.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 692.3 m 475.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 692.3 m 561.5 692.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 57.5 688.3 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 666.30 Td (3.1. ) Tj ET Q q 0 0 0 rg BT 91.01 666.30 Td (BOOKINGS ) Tj ET Q q 0 0 0 rg BT 142.18 666.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 164.18 666.30 Td (BOOK-T) Tj ET Q q 0 0 0 rg BT 199.51 666.30 Td (O-BILL) Tj ET Q q 0 0 0 rg BT 229.34 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 231.84 666.30 Td (RA) Tj ET Q q 0 0 0 rg BT 244.17 666.30 Td (TIO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 647.80 Td (Bookings ) Tj ET Q q 0 0 0 rg BT 111.02 647.80 Td (for ) Tj ET Q q 0 0 0 rg BT 123.53 647.80 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 138.04 647.80 Td (year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 155.55 647.80 Td ( ) Tj ET Q q 0 0 0 rg BT 157.55 647.80 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.06 647.80 Td ($1) Tj ET Q q 0 0 0 rg BT 188.40 647.80 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 202.91 647.80 Td (billion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.93 647.80 Td ( ) Tj ET Q q 0 0 0 rg BT 227.93 647.80 Td (representing ) Tj ET Q q 0 0 0 rg BT 279.96 647.80 Td (a ) Tj ET Q q 0 0 0 rg BT 286.97 647.80 Td (book-to-bill ) Tj ET Q q 0 0 0 rg BT 332.99 647.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 352.50 647.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.00 647.80 Td (97.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.52 647.80 Td (. ) Tj ET Q q 0 0 0 rg BT 391.89 647.80 Td (The ) Tj ET Q q 0 0 0 rg BT 409.40 647.80 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 455.43 647.80 Td (of ) Tj ET Q q 0 0 0 rg BT 464.94 647.80 Td (the ) Tj ET Q q 0 0 0 rg BT 479.45 647.80 Td (new ) Tj ET Q q 0 0 0 rg BT 497.96 647.80 Td (bookings ) Tj ET Q q 0 0 0 rg BT 535.99 647.80 Td (signed ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 634.30 Td (during ) Tj ET Q q 0 0 0 rg BT 99.52 634.30 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 114.53 634.30 Td (year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.04 634.30 Td ( ) Tj ET Q q 0 0 0 rg BT 134.54 634.30 Td (is ) Tj ET Q q 0 0 0 rg BT 143.54 634.30 Td (as ) Tj ET Q q 0 0 0 rg BT 155.54 634.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.25 511.8 m 89.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 511.8 m 167.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.25 511.8 m 191.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.25 511.8 m 89.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 511.8 m 167.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.25 511.8 m 191.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.25 511.8 m 212.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.25 511.8 m 290.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.25 511.8 m 314.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.25 511.8 m 337.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.25 511.8 m 415.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 511.8 m 436.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.25 511.8 m 457.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.25 511.8 m 535.25 511.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.25 511.8 m 559.25 511.8 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET q 0 0 0 rg BT 104.45 503.80 Td (Contract T) Tj ET Q q 0 0 0 rg BT 139.19 503.80 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 229.40 503.80 Td (Service T) Tj ET Q q 0 0 0 rg BT 260.27 503.80 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 360.95 503.80 Td (Segment) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 503.80 Td (V) Tj ET Q q 0 0 0 rg BT 475.28 503.80 Td (ertical Market) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 76.75 487.20 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 91.75 487.20 Td (Extensions, renewals) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 91.75 480.20 Td (and add-ons) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 176.70 487.20 Td (75) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 184.50 487.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 198.75 487.20 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.75 487.20 Td (System integration and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.75 477.45 Td (consulting) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 297.60 487.20 Td (51) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 307.50 487.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 487.20 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 487.20 Td (U.S. Commercial and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 480.20 Td (State Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 487.20 Td (17) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 487.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 443.75 487.20 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 487.20 Td (Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.60 487.25 Td (36) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 552.50 487.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 76.75 467.20 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 91.75 467.20 Td (New business) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 176.70 467.20 Td (25) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 184.50 467.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 198.75 467.20 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.75 467.20 Td (Managed IT) Tj ET Q q 0 0 0 rg BT 251.98 467.20 Td ( and ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.75 460.20 Td (Business Process ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.75 453.20 Td (Services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 297.60 467.20 Td (49) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 307.50 467.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 467.20 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 467.20 Td (W) Tj ET Q q 0 0 0 rg BT 346.23 467.20 Td (estern and Southern) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 457.45 Td (Europe) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 467.20 Td (16) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 467.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 443.75 467.20 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 467.20 Td (MRD) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.60 467.25 Td (23) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 552.50 467.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 442.20 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 442.20 Td (U.S. Federal) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 442.20 Td (15) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 442.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 443.75 442.20 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 442.20 Td (Financial services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.60 442.25 Td (21) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 552.50 442.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 427.20 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 427.20 Td (Canada) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 427.20 Td (12) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 427.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 443.75 427.20 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 427.20 Td (Communications &) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 420.20 Td (utilities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.60 427.25 Td (13) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 552.50 427.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 408.20 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 408.20 Td (Central and Eastern) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 401.20 Td (Europe) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 408.20 Td (1) Tj ET Q q 0 0 0 rg BT 425.59 408.20 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 408.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 443.75 408.20 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.75 408.20 Td (Health) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 546.50 408.20 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 552.50 408.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 390.20 Td (F) Tj ET Q q 0 0 0 rg BT 325.64 390.20 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 390.20 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 368.74 390.20 Td (Australia) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 390.20 Td (1) Tj ET Q q 0 0 0 rg BT 425.59 390.20 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 390.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 378.20 Td (G) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 378.20 Td (Scandinavia) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.70 378.20 Td (1) Tj ET Q q 0 0 0 rg BT 425.59 378.20 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 378.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.75 367.20 Td (H.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 367.20 Td (Finland, Poland and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.75 360.20 Td (Baltics) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 425.55 367.20 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 429.50 367.20 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 329.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 119.18 329.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 159.36 329.40 Td (our ) Tj ET Q q 0 0 0 rg BT 174.52 329.40 Td (bookings ) Tj ET Q q 0 0 0 rg BT 212.70 329.40 Td (is ) Tj ET Q q 0 0 0 rg BT 221.36 329.40 Td (a ) Tj ET Q q 0 0 0 rg BT 228.52 329.40 Td (key ) Tj ET Q q 0 0 0 rg BT 244.68 329.40 Td (indicator ) Tj ET Q q 0 0 0 rg BT 280.85 329.40 Td (of ) Tj ET Q q 0 0 0 rg BT 290.51 329.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.18 329.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 336.34 329.40 Td (of ) Tj ET Q q 0 0 0 rg BT 346.00 329.40 Td (our ) Tj ET Q q 0 0 0 rg BT 361.17 329.40 Td (business ) Tj ET Q q 0 0 0 rg BT 398.84 329.40 Td (over ) Tj ET Q q 0 0 0 rg BT 418.50 329.40 Td (time. ) Tj ET Q q 0 0 0 rg BT 440.16 329.40 Td (However) Tj ET Q q 0 0 0 rg BT 475.18 329.40 Td (, ) Tj ET Q q 0 0 0 rg BT 479.83 329.40 Td (due ) Tj ET Q q 0 0 0 rg BT 497.00 329.40 Td (to ) Tj ET Q q 0 0 0 rg BT 506.66 329.40 Td (the ) Tj ET Q q 0 0 0 rg BT 521.33 329.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 547.49 329.40 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 315.90 Td (transition ) Tj ET Q q 0 0 0 rg BT 111.14 315.90 Td (period ) Tj ET Q q 0 0 0 rg BT 138.77 315.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 184.42 315.90 Td (with ) Tj ET Q q 0 0 0 rg BT 203.04 315.90 Td (managed ) Tj ET Q q 0 0 0 rg BT 243.19 315.90 Td (IT) Tj ET Q q 0 0 0 rg BT 251.03 315.90 Td ( ) Tj ET Q q 0 0 0 rg BT 253.65 315.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.28 315.90 Td (business ) Tj ET Q q 0 0 0 rg BT 309.42 315.90 Td (process ) Tj ET Q q 0 0 0 rg BT 343.56 315.90 Td (services ) Tj ET Q q 0 0 0 rg BT 379.18 315.90 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 420.82 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 435.95 315.90 Td (realization ) Tj ET Q q 0 0 0 rg BT 479.59 315.90 Td (of ) Tj ET Q q 0 0 0 rg BT 489.71 315.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 524.86 315.90 Td (related ) Tj ET Q q 0 0 0 rg BT 554.99 315.90 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 302.40 Td (these ) Tj ET Q q 0 0 0 rg BT 96.80 302.40 Td (bookings ) Tj ET Q q 0 0 0 rg BT 135.62 302.40 Td (may ) Tj ET Q q 0 0 0 rg BT 155.40 302.40 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 192.21 302.40 Td (from ) Tj ET Q q 0 0 0 rg BT 213.00 302.40 Td (period ) Tj ET Q q 0 0 0 rg BT 240.80 302.40 Td (to ) Tj ET Q q 0 0 0 rg BT 251.09 302.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 281.22 302.40 Td (The ) Tj ET Q q 0 0 0 rg BT 299.51 302.40 Td (values ) Tj ET Q q 0 0 0 rg BT 328.31 302.40 Td (initially ) Tj ET Q q 0 0 0 rg BT 358.11 302.40 Td (booked ) Tj ET Q q 0 0 0 rg BT 390.42 302.40 Td (may ) Tj ET Q q 0 0 0 rg BT 410.21 302.40 Td (change ) Tj ET Q q 0 0 0 rg BT 442.52 302.40 Td (over ) Tj ET Q q 0 0 0 rg BT 462.82 302.40 Td (time ) Tj ET Q q 0 0 0 rg BT 482.61 302.40 Td (due ) Tj ET Q q 0 0 0 rg BT 500.41 302.40 Td (to ) Tj ET Q q 0 0 0 rg BT 510.70 302.40 Td (their ) Tj ET Q q 0 0 0 rg BT 530.99 302.40 Td (variable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 288.90 Td (attributes, ) Tj ET Q q 0 0 0 rg BT 114.27 288.90 Td (including ) Tj ET Q q 0 0 0 rg BT 152.54 288.90 Td (demand-driven ) Tj ET Q q 0 0 0 rg BT 215.33 288.90 Td (usage, ) Tj ET Q q 0 0 0 rg BT 245.10 288.90 Td (modifications ) Tj ET Q q 0 0 0 rg BT 300.37 288.90 Td (in ) Tj ET Q q 0 0 0 rg BT 310.13 288.90 Td (the ) Tj ET Q q 0 0 0 rg BT 325.39 288.90 Td (scope ) Tj ET Q q 0 0 0 rg BT 352.15 288.90 Td (of ) Tj ET Q q 0 0 0 rg BT 362.41 288.90 Td (work ) Tj ET Q q 0 0 0 rg BT 384.16 288.90 Td (to ) Tj ET Q q 0 0 0 rg BT 394.42 288.90 Td (be ) Tj ET Q q 0 0 0 rg BT 407.18 288.90 Td (performed ) Tj ET Q q 0 0 0 rg BT 450.94 288.90 Td (caused ) Tj ET Q q 0 0 0 rg BT 482.71 288.90 Td (by ) Tj ET Q q 0 0 0 rg BT 494.97 288.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 531.75 288.90 Td (in ) Tj ET Q q 0 0 0 rg BT 541.50 288.90 Td (client ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 275.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 127.60 275.40 Td (as ) Tj ET Q q 0 0 0 rg BT 140.17 275.40 Td (well ) Tj ET Q q 0 0 0 rg BT 158.75 275.40 Td (as ) Tj ET Q q 0 0 0 rg BT 171.33 275.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 218.92 275.40 Td (clauses ) Tj ET Q q 0 0 0 rg BT 252.51 275.40 Td (at ) Tj ET Q q 0 0 0 rg BT 263.08 275.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.67 275.40 Td (option ) Tj ET Q q 0 0 0 rg BT 306.26 275.40 Td (of ) Tj ET Q q 0 0 0 rg BT 316.84 275.40 Td (the ) Tj ET Q q 0 0 0 rg BT 332.42 275.40 Td (client. ) Tj ET Q q 0 0 0 rg BT 358.39 275.40 Td (As ) Tj ET Q q 0 0 0 rg BT 371.97 275.40 Td (such, ) Tj ET Q q 0 0 0 rg BT 396.55 275.40 Td (information ) Tj ET Q q 0 0 0 rg BT 444.14 275.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 485.24 275.40 Td (our ) Tj ET Q q 0 0 0 rg BT 501.32 275.40 Td (bookings ) Tj ET Q q 0 0 0 rg BT 540.42 275.40 Td (is ) Tj ET Q q 0 0 0 rg BT 549.99 275.40 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 261.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 122.06 261.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 135.11 261.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 151.15 261.90 Td (should ) Tj ET Q q 0 0 0 rg BT 180.71 261.90 Td (it ) Tj ET Q q 0 0 0 rg BT 188.24 261.90 Td (be ) Tj ET Q q 0 0 0 rg BT 201.29 261.90 Td (substituted ) Tj ET Q q 0 0 0 rg BT 247.86 261.90 Td (for) Tj ET Q q 0 0 0 rg BT 257.86 261.90 Td (, ) Tj ET Q q 0 0 0 rg BT 263.40 261.90 Td (an ) Tj ET Q q 0 0 0 rg BT 276.45 261.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 312.00 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 322.54 261.90 Td (our ) Tj ET Q q 0 0 0 rg BT 338.59 261.90 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 376.65 261.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 432.22 261.90 Td (however ) Tj ET Q q 0 0 0 rg BT 469.27 261.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 505.33 261.90 Td (that ) Tj ET Q q 0 0 0 rg BT 523.38 261.90 Td (it ) Tj ET Q q 0 0 0 rg BT 530.91 261.90 Td (is ) Tj ET Q q 0 0 0 rg BT 540.45 261.90 Td (a ) Tj ET Q q 0 0 0 rg BT 548.49 261.90 Td (key ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 248.40 Td (indicator ) Tj ET Q q 0 0 0 rg BT 108.52 248.40 Td (of ) Tj ET Q q 0 0 0 rg BT 118.52 248.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 155.05 248.40 Td (future ) Tj ET Q q 0 0 0 rg BT 180.57 248.40 Td (revenue.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 229.90 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 229.90 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 229.90 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 229.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.06 229.90 Td (a ) Tj ET Q q 0 0 0 rg BT 193.57 229.90 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.07 229.90 Td (of ) Tj ET Q q 0 0 0 rg BT 243.08 229.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 229.90 Td (bookings ) Tj ET Q q 0 0 0 rg BT 296.62 229.90 Td (and ) Tj ET Q q 0 0 0 rg BT 314.13 229.90 Td (book-to-bill ) Tj ET Q q 0 0 0 rg BT 360.65 229.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 380.66 229.90 Td (by ) Tj ET Q q 0 0 0 rg BT 392.67 229.90 Td (segment:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 71.75 219.40 206.00 -28.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 277.75 219.40 142.00 -28.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 419.75 219.40 142.00 -28.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 191.40 206.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 277.75 191.40 142.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 419.75 191.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 178.40 142.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 174.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 161.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 148.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 135.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 122.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 109.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 96.40 142.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 277.75 83.40 142.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 219.39999999999998 m 277.75 219.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.75 219.39999999999998 m 419.75 219.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.75 219.39999999999998 m 561.75 219.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 70.39999999999998 m 277.75 70.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.75 70.39999999999998 m 419.75 70.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.75 70.39999999999998 m 561.75 70.39999999999998 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 74.25 203.60 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 308.20 207.38 Td (Bookings for the year ended) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 341.50 199.38 Td (September 30, 2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 422.65 207.38 Td (Book-to-bill ratio for the year ended) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 483.50 199.38 Td (September 30, 2020) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 80.25 182.63 Td (T) Tj ET Q q 0 0 0 rg BT 84.84 182.63 Td (otal CGI) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 182.63 Td (1) Tj ET Q q 0 0 0 rg BT 374.95 182.63 Td (1,847,704) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.50 182.63 Td (97.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 182.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 165.63 Td (W) Tj ET Q q 0 0 0 rg BT 87.73 165.63 Td (estern and Southern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 165.63 Td (1,860,234) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.50 165.63 Td (97.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 165.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 152.63 Td (U.S. Commercial and State Government) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 152.63 Td (2,027,383) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.05 152.63 Td (106.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 152.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 139.63 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 139.63 Td (1,443,508) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.50 139.63 Td (78.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 139.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 126.63 Td (U.S. Federal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 126.63 Td (1,747,090) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.05 126.63 Td (100.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 126.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 113.63 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 114.77 113.63 Td (Australia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 113.63 Td (1,308,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.50 113.63 Td (83.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 113.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 100.63 Td (Central and Eastern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 100.63 Td (1,341,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.05 100.63 Td (107.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 100.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 87.63 Td (Scandinavia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.95 87.63 Td (1,290,579) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.05 87.63 Td (1) Tj ET Q q 0 0 0 rg BT 532.50 87.63 Td (1) Tj ET Q q 0 0 0 rg BT 536.95 87.63 Td (1.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 87.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.25 74.63 Td (Finland, Poland and Baltics) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.60 74.63 Td (829,109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.05 74.63 Td (103.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.10 74.63 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 105.43 0 0 106.00 324.50 515.32 cm /I4 Do Q /GS0 gs q 104.35 0 0 106.00 447.55 515.32 cm /I5 Do Q /GS0 gs q 107.12 0 0 106.00 203.65 515.32 cm /I6 Do Q /GS0 gs q 105.44 0 0 106.00 82.00 515.32 cm /I7 Do Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.2. ) Tj ET Q q 0 0 0 rg BT 91.01 708.95 Td (FOREIGN ) Tj ET Q q 0 0 0 rg BT 134.51 708.95 Td (EXCHANGE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.67 689.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.34 689.45 Td (operates ) Tj ET Q q 0 0 0 rg BT 167.53 689.45 Td (globally ) Tj ET Q q 0 0 0 rg BT 200.21 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 217.38 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 226.04 689.45 Td (exposed ) Tj ET Q q 0 0 0 rg BT 262.22 689.45 Td (to ) Tj ET Q q 0 0 0 rg BT 271.89 689.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 308.07 689.45 Td (in ) Tj ET Q q 0 0 0 rg BT 317.24 689.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 346.92 689.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 383.58 689.45 Td (rates. ) Tj ET Q q 0 0 0 rg BT 407.82 689.45 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 453.68 689.45 Td (, ) Tj ET Q q 0 0 0 rg BT 458.33 689.45 Td (as ) Tj ET Q q 0 0 0 rg BT 470.00 689.45 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 514.18 689.45 Td (by ) Tj ET Q q 0 0 0 rg BT 525.84 689.45 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 551.00 689.45 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (value ) Tj ET Q q 0 0 0 rg BT 95.92 675.95 Td (assets, ) Tj ET Q q 0 0 0 rg BT 126.84 675.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 163.26 675.95 Td (and ) Tj ET Q q 0 0 0 rg BT 180.69 675.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 231.62 675.95 Td (that ) Tj ET Q q 0 0 0 rg BT 249.04 675.95 Td (are ) Tj ET Q q 0 0 0 rg BT 264.46 675.95 Td (measured ) Tj ET Q q 0 0 0 rg BT 306.88 675.95 Td (in ) Tj ET Q q 0 0 0 rg BT 316.30 675.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 346.22 675.95 Td (currencies ) Tj ET Q q 0 0 0 rg BT 390.15 675.95 Td (using ) Tj ET Q q 0 0 0 rg BT 414.07 675.95 Td (various ) Tj ET Q q 0 0 0 rg BT 445.49 675.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.93 675.95 Td (rates. ) Tj ET Q q 0 0 0 rg BT 511.85 675.95 Td (W) Tj ET Q q 0 0 0 rg BT 520.18 675.95 Td (e ) Tj ET Q q 0 0 0 rg BT 527.59 675.95 Td (report ) Tj ET Q q 0 0 0 rg BT 553.51 675.95 Td (all ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 662.45 Td (dollar ) Tj ET Q q 0 0 0 rg BT 96.51 662.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 133.53 662.45 Td (in ) Tj ET Q q 0 0 0 rg BT 143.04 662.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 184.07 662.45 Td (dollars.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.50 637.65 Td (Closing ) Tj ET Q q 0 0 0 rg BT 106.02 637.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 136.03 637.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 177.57 637.65 Td (rates) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 627.15 292.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 364.50 627.15 66.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 430.50 627.15 66.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 496.50 627.15 66.00 -22.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 605.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 592.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 579.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 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532.40 570.38 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 570.38 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 557.38 Td (British pound) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 557.43 Td (1.7216) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 557.43 Td (1.6302) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 557.38 Td (5.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 557.38 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 544.38 Td (Swedish krona) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 544.43 Td (0.1487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 544.43 Td (0.1347) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 544.43 Td (10.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 544.38 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.50 515.85 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 515.85 Td (verage foreign exchange rates) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 505.35 290.00 -22.00 re f /GS0 gs 0.6 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(1.4970) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.05 461.58 Td (0.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 461.58 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 448.58 Td (Indian rupee) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 448.63 Td (0.0183) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 448.63 Td (0.0188) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.40 448.58 Td (\(2.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 448.58 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 435.58 Td (British pound) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 435.63 Td (1.7152) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 435.63 Td (1.6943) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.05 435.58 Td (1.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 435.58 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 422.58 Td (Swedish krona) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 422.63 Td (0.1425) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 422.63 Td (0.1426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.40 422.58 Td (\(0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 422.58 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.3. REVENUE DISTRIBUTION) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 73.50 689.45 Td (The following charts provide additional information regarding our revenue mix for the year:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 551.95 m 92 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 92 551.95 m 140 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 551.95 m 189 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189 551.95 m 238 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 551.95 m 259 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 551.95 m 279 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 551.95 m 393 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 551.95 m 412 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 551.95 m 436 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 551.95 m 539 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 539 551.95 m 562 551.95 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET q 0 0 0 rg BT 144.15 543.95 Td (Service T) Tj ET Q q 0 0 0 rg BT 175.02 543.95 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 308.30 543.95 Td (Client Geography) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 464.25 543.95 Td (V) Tj ET Q q 0 0 0 rg BT 468.53 543.95 Td (ertical Market) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 75.50 527.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.50 527.40 Td (Managed IT) Tj ET Q q 0 0 0 rg BT 131.79 527.40 Td ( and Business Process Services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 244.45 527.40 Td (54) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 252.25 527.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 527.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 527.40 Td (U.S.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 397.45 527.40 Td (30) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 527.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.50 527.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.50 527.40 Td (Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.45 527.40 Td (34) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 555.25 527.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 75.50 518.35 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.50 518.35 Td (System integration and consulting) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 244.45 518.35 Td (46) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 252.25 518.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 518.35 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 518.35 Td (Canada) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 397.45 518.35 Td (15) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 518.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.50 518.35 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.50 518.35 Td (MRD) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.45 518.35 Td (24) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 555.25 518.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 508.35 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 508.35 Td (France) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 397.45 508.35 Td (14) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 508.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.50 508.35 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.50 508.35 Td (Financial services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.45 508.35 Td (22) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 555.25 508.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 498.35 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 498.35 Td (U.K.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 397.45 498.35 Td (12) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 498.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.50 498.35 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.50 498.35 Td (Communications & utilities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.45 498.35 Td (13) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 555.25 498.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 488.35 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 488.35 Td (Sweden) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 401.30 488.35 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 488.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.50 488.35 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.50 488.35 Td (Health) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 551.35 488.35 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 555.25 488.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 478.35 Td (F) Tj ET Q q 0 0 0 rg BT 270.39 478.35 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 478.35 Td (Finland) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 401.30 478.35 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 478.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 468.35 Td (G.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 468.35 Td (Germany) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 401.30 468.35 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 468.35 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.50 458.35 Td (H.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 458.35 Td (Rest of the world) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 397.45 458.35 Td (10) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 405.25 458.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 110.00 0 0 112.00 434.00 557.57 cm /I8 Do Q /GS0 gs q 108.00 0 0 109.00 283.50 559.07 cm /I9 Do Q /GS0 gs q 116.17 0 0 115.00 107.40 555.47 cm /I10 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 427.95 Td (3.3.1. ) Tj ET Q q 0 0 0 rg BT 98.52 427.95 Td (Client ) Tj ET Q q 0 0 0 rg BT 126.02 427.95 Td (Concentration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 408.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 94.74 408.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 133.51 408.45 Td (on ) Tj ET Q q 0 0 0 rg BT 145.75 408.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 182.51 408.45 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 229.76 408.45 Td (defines ) Tj ET Q q 0 0 0 rg BT 261.02 408.45 Td (a ) Tj ET Q q 0 0 0 rg BT 268.26 408.45 Td (single ) Tj ET Q q 0 0 0 rg BT 294.02 408.45 Td (customer ) Tj ET Q q 0 0 0 rg BT 333.26 408.45 Td (as ) Tj ET Q q 0 0 0 rg BT 345.01 408.45 Td (a ) Tj ET Q q 0 0 0 rg BT 352.25 408.45 Td (group ) Tj ET Q q 0 0 0 rg BT 377.50 408.45 Td (of ) Tj ET Q q 0 0 0 rg BT 387.25 408.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 418.00 408.45 Td (that ) Tj ET Q q 0 0 0 rg BT 435.25 408.45 Td (are ) Tj ET Q q 0 0 0 rg BT 450.49 408.45 Td (known ) Tj ET Q q 0 0 0 rg BT 478.74 408.45 Td (to ) Tj ET Q q 0 0 0 rg BT 488.49 408.45 Td (the ) Tj ET Q q 0 0 0 rg BT 503.24 408.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 540.99 408.45 Td (entity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 394.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.72 394.95 Td (be ) Tj ET Q q 0 0 0 rg BT 95.95 394.95 Td (under ) Tj ET Q q 0 0 0 rg BT 122.18 394.95 Td (common ) Tj ET Q q 0 0 0 rg BT 159.91 394.95 Td (control. ) Tj ET Q q 0 0 0 rg BT 192.00 394.95 Td (As ) Tj ET Q q 0 0 0 rg BT 205.72 394.95 Td (a ) Tj ET Q q 0 0 0 rg BT 213.94 394.95 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 273.20 394.95 Td (our ) Tj ET Q q 0 0 0 rg BT 289.42 394.95 Td (work ) Tj ET Q q 0 0 0 rg BT 311.64 394.95 Td (for ) Tj ET Q q 0 0 0 rg BT 325.36 394.95 Td (the ) Tj ET Q q 0 0 0 rg BT 341.09 394.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 361.81 394.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 392.54 394.95 Td (government ) Tj ET Q q 0 0 0 rg BT 443.28 394.95 Td (including ) Tj ET Q q 0 0 0 rg BT 482.02 394.95 Td (its ) Tj ET Q q 0 0 0 rg BT 494.24 394.95 Td (various ) Tj ET Q q 0 0 0 rg BT 526.47 394.95 Td (agencies ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 381.45 Td (represented ) Tj ET Q q 0 0 0 rg BT 122.53 381.45 Td (13.8% ) Tj ET Q q 0 0 0 rg BT 150.55 381.45 Td (of ) Tj ET Q q 0 0 0 rg BT 160.56 381.45 Td (our ) Tj ET Q q 0 0 0 rg BT 176.07 381.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.09 381.45 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.09 381.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 250.10 381.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.12 381.45 Td ( ) Tj ET Q q 0 0 0 rg BT 272.62 381.45 Td (as ) Tj ET Q q 0 0 0 rg BT 284.63 381.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 327.15 381.45 Td (to ) Tj ET Q q 0 0 0 rg BT 337.15 381.45 Td (12.8% ) Tj ET Q q 0 0 0 rg BT 365.17 381.45 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.18 381.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 404.18 381.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.20 381.45 Td (. ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (3.4. ) Tj ET Q q 0 0 0 rg BT 89.51 708.95 Td (REVENUE ) Tj ET Q q 0 0 0 rg BT 135.52 708.95 Td (BY) Tj ET Q q 0 0 0 rg BT 147.86 708.95 Td ( ) Tj ET Q q 0 0 0 rg BT 150.36 708.95 Td (SEGMENT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.50 689.45 Td (segments ) Tj ET Q q 0 0 0 rg BT 131.02 689.45 Td (are ) Tj ET Q q 0 0 0 rg BT 146.53 689.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 182.55 689.45 Td (based ) Tj ET Q q 0 0 0 rg BT 209.58 689.45 Td (on ) Tj ET Q q 0 0 0 rg BT 222.09 689.45 Td (where ) Tj ET Q q 0 0 0 rg BT 249.10 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 264.11 689.45 Td (client's ) Tj ET Q q 0 0 0 rg BT 293.84 689.45 Td (work ) Tj ET Q q 0 0 0 rg BT 315.34 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 324.34 689.45 Td (delivered ) Tj ET Q q 0 0 0 rg BT 363.37 689.45 Td (from ) Tj ET Q q 0 0 0 rg BT 383.87 689.45 Td (within ) Tj ET Q q 0 0 0 rg BT 409.38 689.45 Td (our ) Tj ET Q q 0 0 0 rg BT 424.89 689.45 Td (geographic ) Tj ET Q q 0 0 0 rg BT 471.92 689.45 Td (delivery ) Tj ET Q q 0 0 0 rg BT 505.43 689.45 Td (model.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 669.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.07 669.95 Td (table ) Tj ET Q q 0 0 0 rg BT 110.16 669.95 Td (below ) Tj ET Q q 0 0 0 rg BT 135.24 669.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 170.82 669.95 Td (a ) Tj ET Q q 0 0 0 rg BT 177.39 669.95 Td (summary ) Tj ET Q q 0 0 0 rg BT 215.96 669.95 Td (of ) Tj ET Q q 0 0 0 rg BT 225.03 669.95 Td (the ) Tj ET Q q 0 0 0 rg BT 239.11 669.95 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 299.19 669.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 334.78 669.95 Td (in ) Tj ET Q q 0 0 0 rg BT 343.35 669.95 Td (our ) Tj ET Q q 0 0 0 rg BT 357.92 669.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 394.51 669.95 Td (in ) Tj ET Q q 0 0 0 rg BT 403.08 669.95 Td (total ) Tj ET Q q 0 0 0 rg BT 421.66 669.95 Td (and ) Tj ET Q q 0 0 0 rg BT 438.24 669.95 Td (by ) Tj ET Q q 0 0 0 rg BT 449.31 669.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 485.40 669.95 Td (before ) Tj ET Q q 0 0 0 rg BT 512.48 669.95 Td (eliminations, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 656.45 Td (separately ) Tj ET Q q 0 0 0 rg BT 115.43 656.45 Td (showing ) Tj ET Q q 0 0 0 rg BT 150.35 656.45 Td (the ) Tj ET Q q 0 0 0 rg BT 164.77 656.45 Td (impacts ) Tj ET Q q 0 0 0 rg BT 197.68 656.45 Td (of ) Tj ET Q q 0 0 0 rg BT 207.09 656.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 236.52 656.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 272.93 656.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 313.87 656.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 331.28 656.45 Td (variations ) Tj ET Q q 0 0 0 rg BT 371.70 656.45 Td (between ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.64 656.45 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.14 656.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.04 656.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.06 656.45 Td ( ) Tj ET Q q 0 0 0 rg BT 454.97 656.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.89 656.45 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.39 656.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.30 656.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.32 656.45 Td (. ) Tj ET Q q 0 0 0 rg BT 521.60 656.45 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.01 656.45 Td (Fiscal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 642.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.02 642.95 Td ( ) Tj ET Q q 0 0 0 rg BT 94.84 642.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.18 642.95 Td (by ) Tj ET Q q 0 0 0 rg BT 142.50 642.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 179.84 642.95 Td (was ) Tj ET Q q 0 0 0 rg BT 198.66 642.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 237.00 642.95 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 276.33 642.95 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 642.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 318.49 642.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 348.83 642.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 390.68 642.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 413.50 642.95 Td (for ) Tj ET Q q 0 0 0 rg BT 426.82 642.95 Td (that ) Tj ET Q q 0 0 0 rg BT 444.65 642.95 Td (period. ) Tj ET Q q 0 0 0 rg BT 474.80 642.95 Td (The ) Tj ET Q q 0 0 0 rg BT 493.13 642.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.46 642.95 Td (exchange ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 629.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.61 629.45 Td (is ) Tj ET Q q 0 0 0 rg BT 111.20 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.81 629.45 Td (dif) Tj ET Q q 0 0 0 rg BT 136.15 629.45 Td (ference ) Tj ET Q q 0 0 0 rg BT 169.27 629.45 Td (between ) Tj ET Q q 0 0 0 rg BT 206.40 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 222.00 629.45 Td (current ) Tj ET Q q 0 0 0 rg BT 253.11 629.45 Td (period) Tj ET Q q 0 0 0 rg BT 279.97 629.45 Td (s ) Tj ET Q q 0 0 0 rg BT 287.57 629.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 314.68 629.45 Td (results ) Tj ET Q q 0 0 0 rg BT 344.28 629.45 Td (and ) Tj ET Q q 0 0 0 rg BT 362.40 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 378.01 629.45 Td (same ) Tj ET Q q 0 0 0 rg BT 403.11 629.45 Td (period) Tj ET Q q 0 0 0 rg BT 429.97 629.45 Td (s ) Tj ET Q q 0 0 0 rg BT 437.57 629.45 Td (results ) Tj ET Q q 0 0 0 rg BT 467.17 629.45 Td (converted ) Tj ET Q q 0 0 0 rg BT 509.79 629.45 Td (with ) Tj ET Q q 0 0 0 rg BT 528.90 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 544.50 629.45 Td (prior ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 615.95 Td (year) Tj ET Q q 0 0 0 rg BT 89.84 615.95 Td () Tj ET Q q 0 0 0 rg BT 91.68 615.95 Td (s ) Tj ET Q q 0 0 0 rg BT 98.68 615.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 128.70 615.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 170.23 615.95 Td (rates.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 599.45 241.00 -27.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 313.50 599.45 62.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 375.50 599.45 62.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 437.50 599.45 124.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 313.50 585.45 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 375.50 585.45 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 437.50 585.45 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 499.50 585.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 561.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 561.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 561.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 561.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 561.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 548.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 535.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 522.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 522.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 522.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 522.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 522.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 509.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 505.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 492.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 479.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 466.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 466.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 466.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 466.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 466.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 453.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 449.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 436.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 423.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 410.45 241.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 410.45 62.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 410.45 62.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 410.45 62.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 410.45 62.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 392.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 388.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 375.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 362.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 349.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 349.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 349.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 349.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 349.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 336.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 332.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 319.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 306.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 293.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 293.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 293.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 293.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 293.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 280.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 276.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 263.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 250.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 237.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 237.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 237.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 237.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 237.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 224.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 220.45 62.00 -12.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 208.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 195.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 182.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 182.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 182.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 182.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 182.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 169.45 62.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 165.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 152.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 139.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 126.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 126.45 62.00 -13.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 375.50 126.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 126.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 126.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 113.45 62.00 -6.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 107.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 94.45 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 81.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 68.45 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 68.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 68.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 68.45 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 68.45 62.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 599.45 m 313.5 599.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 599.45 m 375.5 599.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 599.45 m 437.5 599.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 599.45 m 499.5 599.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 599.45 m 561.5 599.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 54.950000000000045 m 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 54.950000000000045 m 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 54.950000000000045 m 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 54.950000000000045 m 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 54.950000000000045 m BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 584.15 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 484.30 590.43 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 348.20 576.68 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 410.20 576.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 470.00 576.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 532.85 576.68 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 564.85 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 552.68 Td (T) Tj ET Q q 0 0 0 rg BT 79.59 552.68 Td (otal CGI revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.15 552.68 Td (12,164,1) Tj ET Q q 0 0 0 rg BT 356.29 552.68 Td (15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.80 552.73 Td (12,1) Tj ET Q q 0 0 0 rg BT 405.37 552.73 Td (1) Tj ET Q q 0 0 0 rg BT 409.82 552.73 Td (1,236) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 552.68 Td (52,879) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 552.68 Td (0.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 552.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 539.68 Td (V) Tj ET Q q 0 0 0 rg BT 80.04 539.68 Td (ariation prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.40 539.68 Td (\(0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.20 539.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 526.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.05 526.68 Td (0.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.20 526.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 513.68 Td (V) Tj ET Q q 0 0 0 rg BT 80.12 513.68 Td (ariation over previous period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.05 513.68 Td (0.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.20 513.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 496.68 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 496.68 Td (estern and Southern Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 483.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 483.68 Td (1,904,508) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 483.73 Td (2,022,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 483.73 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.36 483.73 Td (18,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 483.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 483.68 Td (\(5.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 483.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 470.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.15 470.68 Td (6,969) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 457.68 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 457.68 Td (estern and Southern Europe revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 457.68 Td (1,91) Tj ET Q q 0 0 0 rg BT 345.12 457.68 Td (1,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 457.73 Td (2,022,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 457.73 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.36 457.73 Td (1) Tj ET Q q 0 0 0 rg BT 471.81 457.73 Td (1,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 457.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 457.68 Td (\(5.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 457.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 441.13 Td (U.S. Commercial and State Government) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 427.68 Td (Revenue prior foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 427.68 Td (1,836,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 427.73 Td (1,834,917) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.80 427.73 Td (1,720) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 427.68 Td (0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 427.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 414.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.70 414.68 Td (26,830) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 402.13 Td (U.S. Commercial and State Government revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 396.68 Td (1,863,467) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 396.73 Td (1,834,917) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 396.68 Td (28,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 396.68 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 396.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 380.13 Td (Canada) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 366.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 366.68 Td (1,685,51) Tj ET Q q 0 0 0 rg BT 360.69 366.68 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 366.73 Td (1,768,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 366.68 Td (\(83,413) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 366.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 366.68 Td (\(4.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 366.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 353.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.80 353.68 Td (758) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 341.13 Td (Canada revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 340.68 Td (1,686,269) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 340.73 Td (1,768,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 340.68 Td (\(82,655) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 340.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 340.68 Td (\(4.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 340.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 324.13 Td (U.S. Federal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 310.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 310.68 Td (1,687,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 310.73 Td (1,597,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 310.68 Td (89,870) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 310.68 Td (5.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 310.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 297.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.70 297.68 Td (24,452) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 285.13 Td (U.S. Federal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 284.68 Td (1,712,244) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 284.73 Td (1,597,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.90 284.68 Td (1) Tj ET Q q 0 0 0 rg BT 467.35 284.68 Td (14,322) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 284.68 Td (7.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 284.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 267.68 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.52 267.68 Td (Australia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 254.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 254.68 Td (1,342,848) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 254.73 Td (1,356,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 254.68 Td (\(14,010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 254.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 254.68 Td (\(1.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 254.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 241.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.70 241.68 Td (15,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 228.68 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.52 228.68 Td (Australia revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 228.68 Td (1,358,469) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 228.73 Td (1,356,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.80 228.73 Td (1,61) Tj ET Q q 0 0 0 rg BT 487.37 228.73 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 228.68 Td (0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 228.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 212.13 Td (Central and Eastern Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 199.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 199.68 Td (1,205,805) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 199.73 Td (1,166,486) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 199.68 Td (39,319) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 199.68 Td (3.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 199.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 186.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.15 186.68 Td (6,391) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 173.68 Td (Central and Eastern Europe revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 173.68 Td (1,212,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 173.73 Td (1,166,486) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 173.68 Td (45,710) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 173.68 Td (3.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 173.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 156.68 Td (Scandinavia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 143.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 143.68 Td (1,125,868) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 143.73 Td (1,095,330) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 143.68 Td (30,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 143.68 Td (2.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 143.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 130.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.05 130.68 Td (\(21,747) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.20 130.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 117.68 Td (Scandinavia revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 117.68 Td (1,104,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 117.73 Td (1,095,330) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.80 117.73 Td (8,791) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 117.68 Td (0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 117.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 98.68 Td (Finland, Poland and Baltics) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 85.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.25 85.68 Td (774,21) Tj ET Q q 0 0 0 rg BT 360.72 85.68 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 85.68 Td (787,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 85.68 Td (\(13,429) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 85.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 85.68 Td (\(1.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 85.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 72.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.15 72.68 Td (2,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 59.68 Td (Finland, Poland & Baltics revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.25 59.68 Td (777,152) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 59.68 Td (787,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 59.68 Td (\(10,488) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 59.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 59.68 Td (\(1.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 59.68 Td (%\)) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (21) Tj ET Q BT /F1 10.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 710.00 241.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 313.50 710.00 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 375.50 710.00 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 437.50 710.00 124.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 313.50 697.00 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 375.50 697.00 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 437.50 697.00 62.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 499.50 697.00 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 673.00 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 660.00 62.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 313.50 647.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 634.00 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 634.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 634.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 634.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 634.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 617.00 241.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 313.50 617.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 375.50 617.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 437.50 617.00 62.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 617.00 62.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 710 m 313.5 710 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 710 m 375.5 710 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 710 m 437.5 710 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 710 m 499.5 710 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 710 m 561.5 710 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 604 m 313.5 604 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 604 m 375.5 604 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 604 m 437.5 604 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 604 m 499.5 604 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 604 m 561.5 604 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 695.20 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 484.30 701.48 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 348.20 688.23 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 410.20 688.23 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 470.00 688.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 532.85 688.23 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 676.40 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 664.23 Td (Asia Pacific) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 651.23 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.25 651.23 Td (688,21) Tj ET Q q 0 0 0 rg BT 360.72 651.23 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 651.23 Td (606,252) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 651.23 Td (81,959) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 651.28 Td (13.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 651.23 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 638.23 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.05 638.23 Td (\(13,265) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.20 638.23 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 625.23 Td (Asia Pacific revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.25 625.23 Td (674,946) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.90 625.23 Td (606,252) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.30 625.23 Td (68,694) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 625.28 Td (1) Tj ET Q q 0 0 0 rg BT 534.05 625.28 Td (1.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 625.23 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 608.23 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.55 608.23 Td (\(136,226) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.20 608.23 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.25 608.28 Td (\(125,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.85 608.23 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.70 608.23 Td (\(10,456) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.85 608.23 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 608.23 Td (8.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 608.23 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 582.85 Td (For ) Tj ET Q q 0 0 0 rg BT 87.21 582.85 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.93 582.85 Td (year ) Tj ET Q q 0 0 0 rg BT 121.65 582.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.89 582.85 Td (September ) Tj ET Q q 0 0 0 rg BT 195.13 582.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 209.85 582.85 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.87 582.85 Td (, ) Tj ET Q q 0 0 0 rg BT 234.58 582.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 269.31 582.85 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.53 582.85 Td ($12,164.1 ) Tj ET Q q 0 0 0 rg BT 329.78 582.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.29 582.85 Td (, ) Tj ET Q q 0 0 0 rg BT 360.00 582.85 Td (an ) Tj ET Q q 0 0 0 rg BT 372.22 582.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 408.45 582.85 Td (of ) Tj ET Q q 0 0 0 rg BT 418.17 582.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.17 582.85 Td (52.9 ) Tj ET Q q 0 0 0 rg BT 442.90 582.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.40 582.85 Td (, ) Tj ET Q q 0 0 0 rg BT 473.12 582.85 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.33 582.85 Td (0.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.84 582.85 Td ( ) Tj ET Q q 0 0 0 rg BT 506.05 582.85 Td (over ) Tj ET Q q 0 0 0 rg BT 525.77 582.85 Td (the ) Tj ET Q q 0 0 0 rg BT 540.49 582.85 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 567.20 Td (period ) Tj ET Q q 0 0 0 rg BT 99.13 567.20 Td (last ) Tj ET Q q 0 0 0 rg BT 115.75 567.20 Td (year) Tj ET Q q 0 0 0 rg BT 132.76 567.20 Td (. ) Tj ET Q q 0 0 0 rg BT 137.87 567.20 Td (On ) Tj ET Q q 0 0 0 rg BT 152.49 567.20 Td (a ) Tj ET Q q 0 0 0 rg BT 160.11 567.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 196.75 567.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 233.87 567.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 259.99 567.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 295.13 567.20 Td (was ) Tj ET Q q 0 0 0 rg BT 313.75 567.20 Td (essentially ) Tj ET Q q 0 0 0 rg BT 358.38 567.20 Td (stable. ) Tj ET Q q 0 0 0 rg BT 387.51 567.20 Td (Recent ) Tj ET Q q 0 0 0 rg BT 418.64 567.20 Td (business ) Tj ET Q q 0 0 0 rg BT 456.77 567.20 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 506.41 567.20 Td (were ) Tj ET Q q 0 0 0 rg BT 528.53 567.20 Td (of) Tj ET Q q 0 0 0 rg BT 535.87 567.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 552.99 567.20 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 551.55 Td (the ) Tj ET Q q 0 0 0 rg BT 86.36 551.55 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 128.22 551.55 Td (of ) Tj ET Q q 0 0 0 rg BT 138.07 551.55 Td (activities, ) Tj ET Q q 0 0 0 rg BT 177.42 551.55 Td (primarily ) Tj ET Q q 0 0 0 rg BT 213.77 551.55 Td (in ) Tj ET Q q 0 0 0 rg BT 223.12 551.55 Td (the ) Tj ET Q q 0 0 0 rg BT 237.97 551.55 Td (MRD, ) Tj ET Q q 0 0 0 rg BT 263.31 551.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.68 551.55 Td (services ) Tj ET Q q 0 0 0 rg BT 334.03 551.55 Td (and ) Tj ET Q q 0 0 0 rg BT 351.39 551.55 Td (communications ) Tj ET Q q 0 0 0 rg BT 418.76 551.55 Td (& ) Tj ET Q q 0 0 0 rg BT 427.11 551.55 Td (utilities ) Tj ET Q q 0 0 0 rg BT 456.96 551.55 Td (vertical ) Tj ET Q q 0 0 0 rg BT 487.81 551.55 Td (markets, ) Tj ET Q q 0 0 0 rg BT 524.66 551.55 Td (mostly ) Tj ET Q q 0 0 0 rg BT 553.01 551.55 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 535.90 Td (a ) Tj ET Q q 0 0 0 rg BT 79.01 535.90 Td (result ) Tj ET Q q 0 0 0 rg BT 103.51 535.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.52 535.90 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 513.40 Td (3.4.1. ) Tj ET Q q 0 0 0 rg BT 98.52 513.40 Td (W) Tj ET Q q 0 0 0 rg BT 106.85 513.40 Td (estern ) Tj ET Q q 0 0 0 rg BT 136.36 513.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.86 513.40 Td (Southern ) Tj ET Q q 0 0 0 rg BT 196.86 513.40 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 493.90 Td (For ) Tj ET Q q 0 0 0 rg BT 88.80 493.90 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 104.60 493.90 Td (year ) Tj ET Q q 0 0 0 rg BT 125.41 493.90 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.44 493.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 153.73 493.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 216.06 493.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.09 493.90 Td (, ) Tj ET Q q 0 0 0 rg BT 241.88 493.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 277.70 493.90 Td (in ) Tj ET Q q 0 0 0 rg BT 288.00 493.90 Td (our ) Tj ET Q q 0 0 0 rg BT 304.31 493.90 Td (W) Tj ET Q q 0 0 0 rg BT 312.64 493.90 Td (estern ) Tj ET Q q 0 0 0 rg BT 340.95 493.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.26 493.90 Td (Southern ) Tj ET Q q 0 0 0 rg BT 399.09 493.90 Td (Europe ) Tj ET Q q 0 0 0 rg BT 431.40 493.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 469.22 493.90 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.52 493.90 Td ($1,91) Tj ET Q q 0 0 0 rg BT 510.38 493.90 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 526.18 493.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.69 493.90 Td (, ) Tj ET Q q 0 0 0 rg BT 557.49 493.90 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 480.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 110.79 480.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.05 480.40 Td ($1) Tj ET Q q 0 0 0 rg BT 129.40 480.40 Td (1) Tj ET Q q 0 0 0 rg BT 133.73 480.40 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 148.01 480.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 173.51 480.40 Td ( ) Tj ET Q q 0 0 0 rg BT 175.27 480.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.04 480.40 Td (5.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.55 480.40 Td ( ) Tj ET Q q 0 0 0 rg BT 207.31 480.40 Td (over ) Tj ET Q q 0 0 0 rg BT 226.58 480.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.86 480.40 Td (same ) Tj ET Q q 0 0 0 rg BT 264.63 480.40 Td (period ) Tj ET Q q 0 0 0 rg BT 291.41 480.40 Td (last ) Tj ET Q q 0 0 0 rg BT 307.17 480.40 Td (year) Tj ET Q q 0 0 0 rg BT 324.18 480.40 Td (. ) Tj ET Q q 0 0 0 rg BT 328.45 480.40 Td (On ) Tj ET Q q 0 0 0 rg BT 342.21 480.40 Td (a ) Tj ET Q q 0 0 0 rg BT 348.98 480.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 384.76 480.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 421.04 480.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 446.31 480.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 480.59 480.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 524.39 480.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.65 480.40 Td ($1) Tj ET Q q 0 0 0 rg BT 545.00 480.40 Td (18.2 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 102.34 466.90 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 115.19 466.90 Td (5.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 135.70 466.90 Td (. ) Tj ET Q q 0 0 0 rg BT 142.72 466.90 Td (The ) Tj ET Q q 0 0 0 rg BT 163.07 466.90 Td (change ) Tj ET Q q 0 0 0 rg BT 197.44 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 209.28 466.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 246.64 466.90 Td (was ) Tj ET Q q 0 0 0 rg BT 267.49 466.90 Td (due ) Tj ET Q q 0 0 0 rg BT 287.34 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 299.69 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 317.04 466.90 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 361.40 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 373.74 466.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 413.09 466.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 443.94 466.90 Td (within ) Tj ET Q q 0 0 0 rg BT 471.78 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 489.13 466.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 526.99 466.90 Td (services, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 453.40 Td (communications ) Tj ET Q q 0 0 0 rg BT 139.01 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 156.00 453.40 Td (utilities ) Tj ET Q q 0 0 0 rg BT 185.49 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 202.49 453.40 Td (MRD ) Tj ET Q q 0 0 0 rg BT 224.97 453.40 Td (vertical ) Tj ET Q q 0 0 0 rg BT 255.45 453.40 Td (markets, ) Tj ET Q q 0 0 0 rg BT 291.94 453.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 327.92 453.40 Td (as ) Tj ET Q q 0 0 0 rg BT 339.41 453.40 Td (a ) Tj ET Q q 0 0 0 rg BT 346.39 453.40 Td (result ) Tj ET Q q 0 0 0 rg BT 370.38 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 379.87 453.40 Td (COVID-19. ) Tj ET Q q 0 0 0 rg BT 425.73 453.40 Td (This ) Tj ET Q q 0 0 0 rg BT 444.71 453.40 Td (was ) Tj ET Q q 0 0 0 rg BT 462.70 453.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 495.69 453.40 Td (of) Tj ET Q q 0 0 0 rg BT 503.03 453.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 519.52 453.40 Td (by ) Tj ET Q q 0 0 0 rg BT 531.01 453.40 Td (the ) Tj ET Q q 0 0 0 rg BT 545.50 453.40 Td (Meti ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 439.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 117.03 439.90 Td (and ) Tj ET Q q 0 0 0 rg BT 134.54 439.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 164.06 439.90 Td (within ) Tj ET Q q 0 0 0 rg BT 189.57 439.90 Td (the ) Tj ET Q q 0 0 0 rg BT 204.58 439.90 Td (government ) Tj ET Q q 0 0 0 rg BT 254.61 439.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 285.61 439.90 Td (market.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 420.40 Td (On ) Tj ET Q q 0 0 0 rg BT 86.64 420.40 Td (a ) Tj ET Q q 0 0 0 rg BT 94.28 420.40 Td (client ) Tj ET Q q 0 0 0 rg BT 117.93 420.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 165.10 420.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 191.25 420.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.40 420.40 Td (top ) Tj ET Q q 0 0 0 rg BT 221.54 420.40 Td (two ) Tj ET Q q 0 0 0 rg BT 238.18 420.40 Td (W) Tj ET Q q 0 0 0 rg BT 246.52 420.40 Td (estern ) Tj ET Q q 0 0 0 rg BT 274.17 420.40 Td (and ) Tj ET Q q 0 0 0 rg BT 291.82 420.40 Td (Southern ) Tj ET Q q 0 0 0 rg BT 330.98 420.40 Td (Europe ) Tj ET Q q 0 0 0 rg BT 362.64 420.40 Td (vertical ) Tj ET Q q 0 0 0 rg BT 393.78 420.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 428.42 420.40 Td (were ) Tj ET Q q 0 0 0 rg BT 450.57 420.40 Td (MRD ) Tj ET Q q 0 0 0 rg BT 473.70 420.40 Td (and ) Tj ET Q q 0 0 0 rg BT 491.35 420.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.01 420.40 Td (services, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 406.90 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 406.90 Td (combined ) Tj ET Q q 0 0 0 rg BT 158.56 406.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 406.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.09 406.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.62 406.90 Td ($1,186 ) Tj ET Q q 0 0 0 rg BT 296.64 406.90 Td (million ) Tj ET Q q 0 0 0 rg BT 324.65 406.90 Td (for ) Tj ET Q q 0 0 0 rg BT 337.65 406.90 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.67 406.90 Td (year ) Tj ET Q q 0 0 0 rg BT 372.67 406.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 400.20 406.90 Td (September ) Tj ET Q q 0 0 0 rg BT 446.73 406.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 461.74 406.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.76 406.90 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 378.40 Td (3.4.2. ) Tj ET Q q 0 0 0 rg BT 98.52 378.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 378.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 172.54 378.40 Td (and ) Tj ET Q q 0 0 0 rg BT 191.04 378.40 Td (State ) Tj ET Q q 0 0 0 rg BT 215.55 378.40 Td (Government) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 358.90 Td (For ) Tj ET Q q 0 0 0 rg BT 88.70 358.90 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 104.42 358.90 Td (year ) Tj ET Q q 0 0 0 rg BT 125.13 358.90 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.15 358.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 153.36 358.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 215.60 358.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.62 358.90 Td (, ) Tj ET Q q 0 0 0 rg BT 241.32 358.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 277.05 358.90 Td (in ) Tj ET Q q 0 0 0 rg BT 287.25 358.90 Td (our ) Tj ET Q q 0 0 0 rg BT 303.46 358.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 324.17 358.90 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 375.38 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 393.60 358.90 Td (State ) Tj ET Q q 0 0 0 rg BT 417.81 358.90 Td (Government ) Tj ET Q q 0 0 0 rg BT 470.54 358.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 508.26 358.90 Td (was ) Tj ET Q q 0 0 0 rg BT 527.47 358.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.47 358.90 Td (1,863.5 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 345.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 345.40 Td (, ) Tj ET Q q 0 0 0 rg BT 102.17 345.40 Td (an ) Tj ET Q q 0 0 0 rg BT 114.34 345.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 150.53 345.40 Td (of ) Tj ET Q q 0 0 0 rg BT 160.20 345.40 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 165.20 345.40 Td (28.6 ) Tj ET Q q 0 0 0 rg BT 184.88 345.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.39 345.40 Td ( ) Tj ET Q q 0 0 0 rg BT 212.55 345.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 222.72 345.40 Td (1.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.23 345.40 Td ( ) Tj ET Q q 0 0 0 rg BT 245.39 345.40 Td (over ) Tj ET Q q 0 0 0 rg BT 265.06 345.40 Td (the ) Tj ET Q q 0 0 0 rg BT 279.74 345.40 Td (same ) Tj ET Q q 0 0 0 rg BT 303.91 345.40 Td (period ) Tj ET Q q 0 0 0 rg BT 331.09 345.40 Td (last ) Tj ET Q q 0 0 0 rg BT 347.26 345.40 Td (year) Tj ET Q q 0 0 0 rg BT 364.27 345.40 Td (. ) Tj ET Q q 0 0 0 rg BT 368.94 345.40 Td (On ) Tj ET Q q 0 0 0 rg BT 383.11 345.40 Td (a ) Tj ET Q q 0 0 0 rg BT 390.28 345.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 426.46 345.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 463.14 345.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 488.81 345.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 523.50 345.40 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 331.90 Td (by ) Tj ET Q q 0 0 0 rg BT 83.72 331.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 88.72 331.90 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 103.44 331.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 128.95 331.90 Td ( ) Tj ET Q q 0 0 0 rg BT 131.16 331.90 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 141.37 331.90 Td (0.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.88 331.90 Td (. ) Tj ET Q q 0 0 0 rg BT 166.45 331.90 Td (The ) Tj ET Q q 0 0 0 rg BT 184.17 331.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 220.40 331.90 Td (was ) Tj ET Q q 0 0 0 rg BT 238.61 331.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 266.83 331.90 Td (due ) Tj ET Q q 0 0 0 rg BT 284.05 331.90 Td (to ) Tj ET Q q 0 0 0 rg BT 293.77 331.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 322.99 331.90 Td (within ) Tj ET Q q 0 0 0 rg BT 348.21 331.90 Td (the ) Tj ET Q q 0 0 0 rg BT 362.93 331.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.17 331.90 Td (services ) Tj ET Q q 0 0 0 rg BT 433.38 331.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 464.10 331.90 Td (market ) Tj ET Q q 0 0 0 rg BT 493.81 331.90 Td (and ) Tj ET Q q 0 0 0 rg BT 511.04 331.90 Td (the ) Tj ET Q q 0 0 0 rg BT 525.76 331.90 Td (state ) Tj ET Q q 0 0 0 rg BT 547.48 331.90 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 318.40 Td (local ) Tj ET Q q 0 0 0 rg BT 92.88 318.40 Td (government ) Tj ET Q q 0 0 0 rg BT 142.77 318.40 Td (market. ) Tj ET Q q 0 0 0 rg BT 174.99 318.40 Td (This ) Tj ET Q q 0 0 0 rg BT 194.36 318.40 Td (was ) Tj ET Q q 0 0 0 rg BT 212.73 318.40 Td (in ) Tj ET Q q 0 0 0 rg BT 222.10 318.40 Td (part ) Tj ET Q q 0 0 0 rg BT 239.97 318.40 Td (of) Tj ET Q q 0 0 0 rg BT 247.32 318.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 264.19 318.40 Td (by ) Tj ET Q q 0 0 0 rg BT 276.06 318.40 Td (an ) Tj ET Q q 0 0 0 rg BT 288.44 318.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 334.83 318.40 Td (due ) Tj ET Q q 0 0 0 rg BT 352.21 318.40 Td (to ) Tj ET Q q 0 0 0 rg BT 362.08 318.40 Td (a ) Tj ET Q q 0 0 0 rg BT 369.45 318.40 Td (reevaluation ) Tj ET Q q 0 0 0 rg BT 420.85 318.40 Td (of ) Tj ET Q q 0 0 0 rg BT 430.73 318.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 449.60 318.40 Td (to ) Tj ET Q q 0 0 0 rg BT 459.47 318.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 498.35 318.40 Td (on ) Tj ET Q q 0 0 0 rg BT 510.73 318.40 Td (a ) Tj ET Q q 0 0 0 rg BT 518.10 318.40 Td (project ) Tj ET Q q 0 0 0 rg BT 547.48 318.40 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 304.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 96.01 304.90 Td (work ) Tj ET Q q 0 0 0 rg BT 117.51 304.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 149.02 304.90 Td (within ) Tj ET Q q 0 0 0 rg BT 174.53 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 189.54 304.90 Td (communications ) Tj ET Q q 0 0 0 rg BT 257.07 304.90 Td (& ) Tj ET Q q 0 0 0 rg BT 265.57 304.90 Td (utilities ) Tj ET Q q 0 0 0 rg BT 295.58 304.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 326.59 304.90 Td (market.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.40 Td (On ) Tj ET Q q 0 0 0 rg BT 86.85 285.40 Td (a ) Tj ET Q q 0 0 0 rg BT 94.69 285.40 Td (client ) Tj ET Q q 0 0 0 rg BT 118.55 285.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 165.92 285.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 192.27 285.40 Td (the ) Tj ET Q q 0 0 0 rg BT 207.63 285.40 Td (top ) Tj ET Q q 0 0 0 rg BT 222.98 285.40 Td (two ) Tj ET Q q 0 0 0 rg BT 239.82 285.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 260.17 285.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 311.02 285.40 Td (and ) Tj ET Q q 0 0 0 rg BT 328.87 285.40 Td (State ) Tj ET Q q 0 0 0 rg BT 352.73 285.40 Td (Government ) Tj ET Q q 0 0 0 rg BT 405.09 285.40 Td (vertical ) Tj ET Q q 0 0 0 rg BT 436.44 285.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 471.29 285.40 Td (were ) Tj ET Q q 0 0 0 rg BT 493.64 285.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.50 285.40 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 271.90 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 271.90 Td (government, ) Tj ET Q q 0 0 0 rg BT 142.04 271.90 Td (generating ) Tj ET Q q 0 0 0 rg BT 187.08 271.90 Td (combined ) Tj ET Q q 0 0 0 rg BT 228.60 271.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 268.13 271.90 Td (of ) Tj ET Q q 0 0 0 rg BT 278.13 271.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 336.66 271.90 Td ($1,156 ) Tj ET Q q 0 0 0 rg BT 366.69 271.90 Td (million ) Tj ET Q q 0 0 0 rg BT 394.69 271.90 Td (for ) Tj ET Q q 0 0 0 rg BT 407.70 271.90 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.71 271.90 Td (year ) Tj ET Q q 0 0 0 rg BT 442.72 271.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 470.25 271.90 Td (September ) Tj ET Q q 0 0 0 rg BT 516.77 271.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 531.78 271.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.80 271.90 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 243.40 Td (3.4.3. ) Tj ET Q q 0 0 0 rg BT 99.02 243.40 Td (Canada) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 223.90 Td (For ) Tj ET Q q 0 0 0 rg BT 88.46 223.90 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.42 223.90 Td (year ) Tj ET Q q 0 0 0 rg BT 123.39 223.90 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.42 223.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.87 223.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 212.36 223.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.39 223.90 Td (, ) Tj ET Q q 0 0 0 rg BT 237.34 223.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.32 223.90 Td (in ) Tj ET Q q 0 0 0 rg BT 281.79 223.90 Td (our ) Tj ET Q q 0 0 0 rg BT 297.25 223.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 331.23 223.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 368.21 223.90 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.67 223.90 Td ($1,686.3 ) Tj ET Q q 0 0 0 rg BT 424.16 223.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.67 223.90 Td (, ) Tj ET Q q 0 0 0 rg BT 454.62 223.90 Td (a ) Tj ET Q q 0 0 0 rg BT 462.08 223.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 501.56 223.90 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.53 223.90 Td ($82.7 ) Tj ET Q q 0 0 0 rg BT 536.51 223.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 210.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.92 210.40 Td (4.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.43 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 105.84 210.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 148.27 210.40 Td (to ) Tj ET Q q 0 0 0 rg BT 158.19 210.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.12 210.40 Td (same ) Tj ET Q q 0 0 0 rg BT 197.54 210.40 Td (period ) Tj ET Q q 0 0 0 rg BT 224.97 210.40 Td (last ) Tj ET Q q 0 0 0 rg BT 241.39 210.40 Td (year) Tj ET Q q 0 0 0 rg BT 258.40 210.40 Td (. ) Tj ET Q q 0 0 0 rg BT 263.31 210.40 Td (On ) Tj ET Q q 0 0 0 rg BT 277.73 210.40 Td (a ) Tj ET Q q 0 0 0 rg BT 285.15 210.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 321.58 210.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 358.50 210.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 384.43 210.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 419.36 210.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 463.81 210.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.72 210.40 Td ($83.4 ) Tj ET Q q 0 0 0 rg BT 500.66 210.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.17 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 528.58 210.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.99 210.40 Td (4.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.51 210.40 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 196.90 Td (The ) Tj ET Q q 0 0 0 rg BT 90.63 196.90 Td (change ) Tj ET Q q 0 0 0 rg BT 122.78 196.90 Td (was ) Tj ET Q q 0 0 0 rg BT 141.40 196.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 170.03 196.90 Td (due ) Tj ET Q q 0 0 0 rg BT 187.66 196.90 Td (to ) Tj ET Q q 0 0 0 rg BT 197.79 196.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.92 196.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 242.05 196.90 Td (of ) Tj ET Q q 0 0 0 rg BT 252.17 196.90 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 298.81 196.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 322.93 196.90 Td (work ) Tj ET Q q 0 0 0 rg BT 344.56 196.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 380.69 196.90 Td (and ) Tj ET Q q 0 0 0 rg BT 398.32 196.90 Td (license ) Tj ET Q q 0 0 0 rg BT 428.96 196.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 452.59 196.90 Td (within ) Tj ET Q q 0 0 0 rg BT 478.22 196.90 Td (the ) Tj ET Q q 0 0 0 rg BT 493.35 196.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.99 196.90 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 183.40 Td (vertical ) Tj ET Q q 0 0 0 rg BT 102.85 183.40 Td (market ) Tj ET Q q 0 0 0 rg BT 132.20 183.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 183.40 Td (a ) Tj ET Q q 0 0 0 rg BT 155.90 183.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 182.76 183.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 225.13 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.47 183.40 Td (client ) Tj ET Q q 0 0 0 rg BT 257.33 183.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 290.68 183.40 Td (transferred ) Tj ET Q q 0 0 0 rg BT 336.04 183.40 Td (to ) Tj ET Q q 0 0 0 rg BT 345.39 183.40 Td (our ) Tj ET Q q 0 0 0 rg BT 360.24 183.40 Td (global ) Tj ET Q q 0 0 0 rg BT 386.10 183.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 418.95 183.40 Td (centers ) Tj ET Q q 0 0 0 rg BT 450.31 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 459.65 183.40 Td (excellence ) Tj ET Q q 0 0 0 rg BT 504.02 183.40 Td (in ) Tj ET Q q 0 0 0 rg BT 512.50 183.40 Td (Asia-Pacific.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 163.90 Td (On ) Tj ET Q q 0 0 0 rg BT 87.49 163.90 Td (a ) Tj ET Q q 0 0 0 rg BT 95.49 163.90 Td (client ) Tj ET Q q 0 0 0 rg BT 119.48 163.90 Td (geographic ) Tj ET Q q 0 0 0 rg BT 167.01 163.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 193.51 163.90 Td (the ) Tj ET Q q 0 0 0 rg BT 209.00 163.90 Td (top ) Tj ET Q q 0 0 0 rg BT 224.50 163.90 Td (two ) Tj ET Q q 0 0 0 rg BT 241.50 163.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 276.01 163.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 307.51 163.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 342.50 163.90 Td (were ) Tj ET Q q 0 0 0 rg BT 364.99 163.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.00 163.90 Td (services ) Tj ET Q q 0 0 0 rg BT 437.00 163.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.00 163.90 Td (communications ) Tj ET Q q 0 0 0 rg BT 523.02 163.90 Td (& ) Tj ET Q q 0 0 0 rg BT 532.01 163.90 Td (utilities, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 150.40 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.54 150.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 159.06 150.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.58 150.40 Td (of ) Tj ET Q q 0 0 0 rg BT 208.59 150.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 267.12 150.40 Td ($1,138 ) Tj ET Q q 0 0 0 rg BT 297.14 150.40 Td (million ) Tj ET Q q 0 0 0 rg BT 325.15 150.40 Td (for ) Tj ET Q q 0 0 0 rg BT 338.15 150.40 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.17 150.40 Td (year ) Tj ET Q q 0 0 0 rg BT 373.17 150.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 400.70 150.40 Td (September ) Tj ET Q q 0 0 0 rg BT 447.23 150.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 462.24 150.40 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.26 150.40 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 121.90 Td (3.4.4. ) Tj ET Q q 0 0 0 rg BT 98.52 121.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 121.90 Td (Federal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 102.40 Td (For ) Tj ET Q q 0 0 0 rg BT 88.16 102.40 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.33 102.40 Td (year ) Tj ET Q q 0 0 0 rg BT 123.50 102.40 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.53 102.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.19 102.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 212.89 102.40 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.91 102.40 Td (, ) Tj ET Q q 0 0 0 rg BT 238.07 102.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.25 102.40 Td (in ) Tj ET Q q 0 0 0 rg BT 282.92 102.40 Td (our ) Tj ET Q q 0 0 0 rg BT 298.59 102.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 318.75 102.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 351.93 102.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 389.11 102.40 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.77 102.40 Td ($1,712.2 ) Tj ET Q q 0 0 0 rg BT 445.47 102.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.97 102.40 Td (, ) Tj ET Q q 0 0 0 rg BT 476.13 102.40 Td (an ) Tj ET Q q 0 0 0 rg BT 488.80 102.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 525.48 102.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.65 102.40 Td ($1) Tj ET Q q 0 0 0 rg BT 544.99 102.40 Td (14.3 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 88.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 88.90 Td ( ) Tj ET Q q 0 0 0 rg BT 100.34 88.90 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 111.19 88.90 Td (7.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.70 88.90 Td ( ) Tj ET Q q 0 0 0 rg BT 134.54 88.90 Td (over ) Tj ET Q q 0 0 0 rg BT 154.89 88.90 Td (the ) Tj ET Q q 0 0 0 rg BT 170.24 88.90 Td (same ) Tj ET Q q 0 0 0 rg BT 195.08 88.90 Td (period ) Tj ET Q q 0 0 0 rg BT 222.94 88.90 Td (last ) Tj ET Q q 0 0 0 rg BT 239.78 88.90 Td (year) Tj ET Q q 0 0 0 rg BT 256.79 88.90 Td (. ) Tj ET Q q 0 0 0 rg BT 262.13 88.90 Td (On ) Tj ET Q q 0 0 0 rg BT 276.98 88.90 Td (a ) Tj ET Q q 0 0 0 rg BT 284.82 88.90 Td (constant ) Tj ET Q q 0 0 0 rg BT 321.68 88.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 359.03 88.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 385.38 88.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 420.75 88.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 462.61 88.90 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 88.90 Td ($89.9 ) Tj ET Q q 0 0 0 rg BT 500.31 88.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.82 88.90 Td ( ) Tj ET Q q 0 0 0 rg BT 528.66 88.90 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.50 88.90 Td (5.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.01 88.90 Td (. ) Tj ET Q q 0 0 0 rg BT 565.01 88.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 75.40 Td (The ) Tj ET Q q 0 0 0 rg BT 90.54 75.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 127.58 75.40 Td (was ) Tj ET Q q 0 0 0 rg BT 146.61 75.40 Td (driven ) Tj ET Q q 0 0 0 rg BT 174.16 75.40 Td (by ) Tj ET Q q 0 0 0 rg BT 186.69 75.40 Td (IP) Tj ET Q q 0 0 0 rg BT 195.03 75.40 Td ( ) Tj ET Q q 0 0 0 rg BT 198.06 75.40 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 239.11 75.40 Td (application ) Tj ET Q q 0 0 0 rg BT 285.17 75.40 Td (support ) Tj ET Q q 0 0 0 rg BT 318.21 75.40 Td (and ) Tj ET Q q 0 0 0 rg BT 336.26 75.40 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 392.30 75.40 Td (services ) Tj ET Q q 0 0 0 rg BT 428.33 75.40 Td (and ) Tj ET Q q 0 0 0 rg BT 446.38 75.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 474.42 75.40 Td (business ) Tj ET Q q 0 0 0 rg BT 512.97 75.40 Td (acquisitions. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 61.90 Td (This ) Tj ET Q q 0 0 0 rg BT 91.56 61.90 Td (was ) Tj ET Q q 0 0 0 rg BT 110.12 61.90 Td (partly ) Tj ET Q q 0 0 0 rg BT 134.69 61.90 Td (of) Tj ET Q q 0 0 0 rg BT 142.03 61.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 159.09 61.90 Td (by ) Tj ET Q q 0 0 0 rg BT 171.15 61.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 195.22 61.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 241.80 61.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 277.87 61.90 Td (related ) Tj ET Q q 0 0 0 rg BT 307.94 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 318.00 61.90 Td (our ) Tj ET Q q 0 0 0 rg BT 333.57 61.90 Td (IP) Tj ET Q q 0 0 0 rg BT 341.91 61.90 Td ( ) Tj ET Q q 0 0 0 rg BT 344.47 61.90 Td (business ) Tj ET Q q 0 0 0 rg BT 382.54 61.90 Td (process ) Tj ET Q q 0 0 0 rg BT 416.61 61.90 Td (services, ) Tj ET Q q 0 0 0 rg BT 454.68 61.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 483.24 61.90 Td (due ) Tj ET Q q 0 0 0 rg BT 500.81 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 510.88 61.90 Td (the ) Tj ET Q q 0 0 0 rg BT 525.95 61.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 555.01 61.90 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 48.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 48.40 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 131.02 48.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.54 48.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 199.56 48.40 Td (on ) Tj ET Q q 0 0 0 rg BT 212.08 48.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 241.59 48.40 Td (client ) Tj ET Q q 0 0 0 rg BT 265.10 48.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.11 48.40 Td (in ) Tj ET Q q 0 0 0 rg BT 313.62 48.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 48.40 Td (defense ) Tj ET Q q 0 0 0 rg BT 363.16 48.40 Td (sector) Tj ET Q q 0 0 0 rg BT 387.17 48.40 Td (.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (22) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (For ) Tj ET Q q 0 0 0 rg BT 88.00 708.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.01 708.95 Td (year ) Tj ET Q q 0 0 0 rg BT 123.02 708.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.55 708.95 Td (September ) Tj ET Q q 0 0 0 rg BT 197.07 708.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.08 708.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.11 708.95 Td (, ) Tj ET Q q 0 0 0 rg BT 237.11 708.95 Td (82% ) Tj ET Q q 0 0 0 rg BT 257.62 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 267.63 708.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 307.15 708.95 Td (within ) Tj ET Q q 0 0 0 rg BT 332.66 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 347.67 708.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 367.68 708.95 Td (Federal ) Tj ET Q q 0 0 0 rg BT 400.69 708.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 437.71 708.95 Td (were ) Tj ET Q q 0 0 0 rg BT 459.72 708.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 489.74 708.95 Td (civilian ) Tj ET Q q 0 0 0 rg BT 519.25 708.95 Td (based.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 680.45 Td (3.4.5. ) Tj ET Q q 0 0 0 rg BT 98.52 680.45 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 119.02 680.45 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 680.45 Td (Australia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 660.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.51 660.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.02 660.95 Td (year ) Tj ET Q q 0 0 0 rg BT 121.54 660.95 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.56 660.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.57 660.95 Td (September30, ) Tj ET Q q 0 0 0 rg BT 209.61 660.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.63 660.95 Td (, ) Tj ET Q q 0 0 0 rg BT 234.14 660.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 268.67 660.95 Td (in ) Tj ET Q q 0 0 0 rg BT 277.68 660.95 Td (our ) Tj ET Q q 0 0 0 rg BT 292.69 660.95 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 312.20 660.95 Td (and ) Tj ET Q q 0 0 0 rg BT 328.83 660.95 Td (Australia ) Tj ET Q q 0 0 0 rg BT 365.85 660.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 402.37 660.95 Td (was ) Tj ET Q q 0 0 0 rg BT 420.38 660.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.39 660.95 Td (1,358.5 ) Tj ET Q q 0 0 0 rg BT 457.42 660.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.93 660.95 Td (, ) Tj ET Q q 0 0 0 rg BT 487.43 660.95 Td (an ) Tj ET Q q 0 0 0 rg BT 499.45 660.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 535.48 660.95 Td (of ) Tj ET Q q 0 0 0 rg BT 544.99 660.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.99 660.95 Td (1.6 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 647.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 647.45 Td ( ) Tj ET Q q 0 0 0 rg BT 100.19 647.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 110.89 647.45 Td (0.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.40 647.45 Td ( ) Tj ET Q q 0 0 0 rg BT 134.09 647.45 Td (over ) Tj ET Q q 0 0 0 rg BT 154.28 647.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.48 647.45 Td (same ) Tj ET Q q 0 0 0 rg BT 194.18 647.45 Td (period ) Tj ET Q q 0 0 0 rg BT 221.89 647.45 Td (last ) Tj ET Q q 0 0 0 rg BT 238.58 647.45 Td (year) Tj ET Q q 0 0 0 rg BT 255.59 647.45 Td (. ) Tj ET Q q 0 0 0 rg BT 260.78 647.45 Td (On ) Tj ET Q q 0 0 0 rg BT 275.47 647.45 Td (a ) Tj ET Q q 0 0 0 rg BT 283.17 647.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 319.88 647.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 357.08 647.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 383.28 647.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 418.49 647.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 463.21 647.45 Td (by ) Tj ET Q q 0 0 0 rg BT 475.40 647.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.41 647.45 Td (14.0 ) Tj ET Q q 0 0 0 rg BT 500.61 647.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.12 647.45 Td ( ) Tj ET Q q 0 0 0 rg BT 528.81 647.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.50 647.45 Td (1.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.01 647.45 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 633.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.91 633.95 Td (change ) Tj ET Q q 0 0 0 rg BT 121.84 633.95 Td (was ) Tj ET Q q 0 0 0 rg BT 140.25 633.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 168.66 633.95 Td (due ) Tj ET Q q 0 0 0 rg BT 186.08 633.95 Td (to ) Tj ET Q q 0 0 0 rg BT 195.99 633.95 Td (the ) Tj ET Q q 0 0 0 rg BT 210.90 633.95 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 262.83 633.95 Td (of ) Tj ET Q q 0 0 0 rg BT 272.74 633.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 302.16 633.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 357.08 633.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 396.00 633.95 Td (and ) Tj ET Q q 0 0 0 rg BT 413.42 633.95 Td (the ) Tj ET Q q 0 0 0 rg BT 428.33 633.95 Td (successful ) Tj ET Q q 0 0 0 rg BT 472.75 633.95 Td (completion ) Tj ET Q q 0 0 0 rg BT 518.68 633.95 Td (of ) Tj ET Q q 0 0 0 rg BT 528.58 633.95 Td (the ) Tj ET Q q 0 0 0 rg BT 543.50 633.95 Td (build ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 620.45 Td (phase ) Tj ET Q q 0 0 0 rg BT 99.27 620.45 Td (of ) Tj ET Q q 0 0 0 rg BT 109.52 620.45 Td (a ) Tj ET Q q 0 0 0 rg BT 117.27 620.45 Td (large ) Tj ET Q q 0 0 0 rg BT 140.02 620.45 Td (project ) Tj ET Q q 0 0 0 rg BT 169.78 620.45 Td (within ) Tj ET Q q 0 0 0 rg BT 195.54 620.45 Td (the ) Tj ET Q q 0 0 0 rg BT 210.79 620.45 Td (communications ) Tj ET Q q 0 0 0 rg BT 278.56 620.45 Td (and ) Tj ET Q q 0 0 0 rg BT 296.32 620.45 Td (utilities ) Tj ET Q q 0 0 0 rg BT 326.58 620.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 357.83 620.45 Td (market. ) Tj ET Q q 0 0 0 rg BT 390.40 620.45 Td (This ) Tj ET Q q 0 0 0 rg BT 410.15 620.45 Td (was ) Tj ET Q q 0 0 0 rg BT 428.90 620.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 457.65 620.45 Td (of) Tj ET Q q 0 0 0 rg BT 464.99 620.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 482.24 620.45 Td (by ) Tj ET Q q 0 0 0 rg BT 494.49 620.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 524.25 620.45 Td (within ) Tj ET Q q 0 0 0 rg BT 550.00 620.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 606.95 Td (space, ) Tj ET Q q 0 0 0 rg BT 101.02 606.95 Td (defense ) Tj ET Q q 0 0 0 rg BT 135.54 606.95 Td (and ) Tj ET Q q 0 0 0 rg BT 153.06 606.95 Td (intelligence ) Tj ET Q q 0 0 0 rg BT 200.59 606.95 Td (sector) Tj ET Q q 0 0 0 rg BT 224.60 606.95 Td (, ) Tj ET Q q 0 0 0 rg BT 229.61 606.95 Td (in ) Tj ET Q q 0 0 0 rg BT 239.11 606.95 Td (part ) Tj ET Q q 0 0 0 rg BT 257.12 606.95 Td (driven ) Tj ET Q q 0 0 0 rg BT 284.13 606.95 Td (by ) Tj ET Q q 0 0 0 rg BT 296.14 606.95 Td (the ) Tj ET Q q 0 0 0 rg BT 311.15 606.95 Td (SCISYS ) Tj ET Q q 0 0 0 rg BT 346.66 606.95 Td (acquisition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 587.45 Td (On ) Tj ET Q q 0 0 0 rg BT 85.93 587.45 Td (a ) Tj ET Q q 0 0 0 rg BT 92.86 587.45 Td (client ) Tj ET Q q 0 0 0 rg BT 115.80 587.45 Td (geographic ) Tj ET Q q 0 0 0 rg BT 162.26 587.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.69 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 202.13 587.45 Td (top ) Tj ET Q q 0 0 0 rg BT 216.57 587.45 Td (two ) Tj ET Q q 0 0 0 rg BT 232.50 587.45 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 251.93 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 268.48 587.45 Td (Australia ) Tj ET Q q 0 0 0 rg BT 305.43 587.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 335.86 587.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 369.79 587.45 Td (were ) Tj ET Q q 0 0 0 rg BT 391.22 587.45 Td (government ) Tj ET Q q 0 0 0 rg BT 440.67 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 457.61 587.45 Td (communications ) Tj ET Q q 0 0 0 rg BT 524.57 587.45 Td (& ) Tj ET Q q 0 0 0 rg BT 532.49 587.45 Td (utilities, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 573.95 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 573.95 Td (combined ) Tj ET Q q 0 0 0 rg BT 158.56 573.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 573.95 Td (of ) Tj ET Q q 0 0 0 rg BT 208.09 573.95 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.62 573.95 Td ($1,108 ) Tj ET Q q 0 0 0 rg BT 296.64 573.95 Td (million ) Tj ET Q q 0 0 0 rg BT 324.65 573.95 Td (for ) Tj ET Q q 0 0 0 rg BT 337.65 573.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.67 573.95 Td (year ) Tj ET Q q 0 0 0 rg BT 372.67 573.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 400.20 573.95 Td (September ) Tj ET Q q 0 0 0 rg BT 446.73 573.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 461.74 573.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.76 573.95 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 545.45 Td (3.4.6. ) Tj ET Q q 0 0 0 rg BT 98.52 545.45 Td (Central ) Tj ET Q q 0 0 0 rg BT 132.03 545.45 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 545.45 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 186.04 545.45 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 525.95 Td (For ) Tj ET Q q 0 0 0 rg BT 89.04 525.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 105.10 525.95 Td (year ) Tj ET Q q 0 0 0 rg BT 126.15 525.95 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.17 525.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 154.71 525.95 Td (September30, ) Tj ET Q q 0 0 0 rg BT 217.29 525.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.31 525.95 Td (, ) Tj ET Q q 0 0 0 rg BT 243.36 525.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 279.42 525.95 Td (in ) Tj ET Q q 0 0 0 rg BT 289.97 525.95 Td (our ) Tj ET Q q 0 0 0 rg BT 306.52 525.95 Td (Central ) Tj ET Q q 0 0 0 rg BT 339.07 525.95 Td (and ) Tj ET Q q 0 0 0 rg BT 357.63 525.95 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 392.19 525.95 Td (Europe ) Tj ET Q q 0 0 0 rg BT 424.75 525.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 462.81 525.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.36 525.95 Td ($1,212.2 ) Tj ET Q q 0 0 0 rg BT 520.94 525.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.44 525.95 Td (, ) Tj ET Q q 0 0 0 rg BT 552.48 525.95 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 512.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 108.48 512.45 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 512.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 123.45 512.45 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 143.43 512.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.94 512.45 Td ( ) Tj ET Q q 0 0 0 rg BT 171.40 512.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.87 512.45 Td (3.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.38 512.45 Td ( ) Tj ET Q q 0 0 0 rg BT 204.84 512.45 Td (over ) Tj ET Q q 0 0 0 rg BT 224.81 512.45 Td (the ) Tj ET Q q 0 0 0 rg BT 239.79 512.45 Td (same ) Tj ET Q q 0 0 0 rg BT 264.26 512.45 Td (period ) Tj ET Q q 0 0 0 rg BT 291.74 512.45 Td (last ) Tj ET Q q 0 0 0 rg BT 308.20 512.45 Td (year) Tj ET Q q 0 0 0 rg BT 325.22 512.45 Td (. ) Tj ET Q q 0 0 0 rg BT 330.18 512.45 Td (On ) Tj ET Q q 0 0 0 rg BT 344.65 512.45 Td (a ) Tj ET Q q 0 0 0 rg BT 352.11 512.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 388.60 512.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 425.57 512.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 451.55 512.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 486.53 512.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 528.02 512.45 Td (by ) Tj ET Q q 0 0 0 rg BT 539.99 512.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.99 512.45 Td (39.3 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 498.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 498.95 Td ( ) Tj ET Q q 0 0 0 rg BT 100.23 498.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 110.95 498.95 Td (3.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.47 498.95 Td (. ) Tj ET Q q 0 0 0 rg BT 136.51 498.95 Td (The ) Tj ET Q q 0 0 0 rg BT 154.74 498.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 191.48 498.95 Td (in ) Tj ET Q q 0 0 0 rg BT 201.21 498.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 236.45 498.95 Td (was ) Tj ET Q q 0 0 0 rg BT 255.18 498.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 291.90 498.95 Td (due ) Tj ET Q q 0 0 0 rg BT 309.64 498.95 Td (to ) Tj ET Q q 0 0 0 rg BT 319.87 498.95 Td (the ) Tj ET Q q 0 0 0 rg BT 334.56 498.95 Td (Acando ) Tj ET Q q 0 0 0 rg BT 367.26 498.95 Td (AB ) Tj ET Q q 0 0 0 rg BT 381.99 498.95 Td (\(Acando\) ) Tj ET Q q 0 0 0 rg BT 421.23 498.95 Td (and ) Tj ET Q q 0 0 0 rg BT 438.97 498.95 Td (SCISYS ) Tj ET Q q 0 0 0 rg BT 474.70 498.95 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 526.77 498.95 Td (This ) Tj ET Q q 0 0 0 rg BT 546.50 498.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 485.45 Td (partially ) Tj ET Q q 0 0 0 rg BT 104.38 485.45 Td (of) Tj ET Q q 0 0 0 rg BT 111.72 485.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 127.59 485.45 Td (by ) Tj ET Q q 0 0 0 rg BT 138.47 485.45 Td (the ) Tj ET Q q 0 0 0 rg BT 152.34 485.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.22 485.45 Td (of ) Tj ET Q q 0 0 0 rg BT 189.09 485.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 234.47 485.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 261.84 485.45 Td (within ) Tj ET Q q 0 0 0 rg BT 286.22 485.45 Td (the ) Tj ET Q q 0 0 0 rg BT 300.09 485.45 Td (MRD ) Tj ET Q q 0 0 0 rg BT 321.96 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 338.34 485.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.72 485.45 Td (services ) Tj ET Q q 0 0 0 rg BT 407.10 485.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 436.97 485.45 Td (markets, ) Tj ET Q q 0 0 0 rg BT 472.84 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 489.23 485.45 Td (a ) Tj ET Q q 0 0 0 rg BT 495.60 485.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 521.98 485.45 Td (proportion ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 471.95 Td (of ) Tj ET Q q 0 0 0 rg BT 82.01 471.95 Td (client ) Tj ET Q q 0 0 0 rg BT 105.52 471.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 139.53 471.95 Td (transferred ) Tj ET Q q 0 0 0 rg BT 185.55 471.95 Td (to ) Tj ET Q q 0 0 0 rg BT 195.56 471.95 Td (our ) Tj ET Q q 0 0 0 rg BT 211.06 471.95 Td (global ) Tj ET Q q 0 0 0 rg BT 237.59 471.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 271.10 471.95 Td (centers ) Tj ET Q q 0 0 0 rg BT 303.11 471.95 Td (of ) Tj ET Q q 0 0 0 rg BT 313.12 471.95 Td (excellence ) Tj ET Q q 0 0 0 rg BT 358.15 471.95 Td (in ) Tj ET Q q 0 0 0 rg BT 367.15 471.95 Td (Asia-Pacific.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 452.45 Td (On ) Tj ET Q q 0 0 0 rg BT 87.05 452.45 Td (a ) Tj ET Q q 0 0 0 rg BT 95.10 452.45 Td (client ) Tj ET Q q 0 0 0 rg BT 119.15 452.45 Td (geographic ) Tj ET Q q 0 0 0 rg BT 166.73 452.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 193.29 452.45 Td (the ) Tj ET Q q 0 0 0 rg BT 208.84 452.45 Td (top ) Tj ET Q q 0 0 0 rg BT 224.40 452.45 Td (two ) Tj ET Q q 0 0 0 rg BT 241.45 452.45 Td (Central ) Tj ET Q q 0 0 0 rg BT 273.50 452.45 Td (and ) Tj ET Q q 0 0 0 rg BT 291.56 452.45 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 325.62 452.45 Td (Europe ) Tj ET Q q 0 0 0 rg BT 357.69 452.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 389.24 452.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 424.29 452.45 Td (were ) Tj ET Q q 0 0 0 rg BT 446.84 452.45 Td (MRD ) Tj ET Q q 0 0 0 rg BT 470.38 452.45 Td (and ) Tj ET Q q 0 0 0 rg BT 488.44 452.45 Td (communications ) Tj ET Q q 0 0 0 rg BT 556.51 452.45 Td (& ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 438.95 Td (utilities, ) Tj ET Q q 0 0 0 rg BT 104.51 438.95 Td (generating ) Tj ET Q q 0 0 0 rg BT 149.55 438.95 Td (combined ) Tj ET Q q 0 0 0 rg BT 191.07 438.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 230.59 438.95 Td (of ) Tj ET Q q 0 0 0 rg BT 240.60 438.95 Td (approximately ) Tj ET Q q 0 0 0 rg BT 299.13 438.95 Td ($800 ) Tj ET Q q 0 0 0 rg BT 321.65 438.95 Td (million ) Tj ET Q q 0 0 0 rg BT 349.66 438.95 Td (for ) Tj ET Q q 0 0 0 rg BT 362.66 438.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.67 438.95 Td (year ) Tj ET Q q 0 0 0 rg BT 397.68 438.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 425.21 438.95 Td (September ) Tj ET Q q 0 0 0 rg BT 471.73 438.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 486.74 438.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.76 438.95 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 419.45 Td (3.4.7. ) Tj ET Q q 0 0 0 rg BT 98.52 419.45 Td (Scandinavia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 399.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.21 399.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.43 399.95 Td (year ) Tj ET Q q 0 0 0 rg BT 120.64 399.95 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 145.67 399.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.37 399.95 Td (September30, ) Tj ET Q q 0 0 0 rg BT 208.12 399.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.14 399.95 Td (, ) Tj ET Q q 0 0 0 rg BT 232.35 399.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 266.58 399.95 Td (in ) Tj ET Q q 0 0 0 rg BT 275.29 399.95 Td (our ) Tj ET Q q 0 0 0 rg BT 290.00 399.95 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 340.75 399.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 376.97 399.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.68 399.95 Td ($1,104.1 ) Tj ET Q q 0 0 0 rg BT 431.42 399.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.93 399.95 Td (, ) Tj ET Q q 0 0 0 rg BT 461.14 399.95 Td (an ) Tj ET Q q 0 0 0 rg BT 472.85 399.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.58 399.95 Td (of ) Tj ET Q q 0 0 0 rg BT 517.79 399.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.80 399.95 Td (8.8 ) Tj ET Q q 0 0 0 rg BT 537.02 399.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 386.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 81.64 386.45 Td (0.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.15 386.45 Td ( ) Tj ET Q q 0 0 0 rg BT 103.79 386.45 Td (over ) Tj ET Q q 0 0 0 rg BT 122.94 386.45 Td (the ) Tj ET Q q 0 0 0 rg BT 137.08 386.45 Td (same ) Tj ET Q q 0 0 0 rg BT 160.73 386.45 Td (period ) Tj ET Q q 0 0 0 rg BT 187.38 386.45 Td (last ) Tj ET Q q 0 0 0 rg BT 203.03 386.45 Td (year) Tj ET Q q 0 0 0 rg BT 220.04 386.45 Td (. ) Tj ET Q q 0 0 0 rg BT 224.18 386.45 Td (On ) Tj ET Q q 0 0 0 rg BT 237.82 386.45 Td (a ) Tj ET Q q 0 0 0 rg BT 244.46 386.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 280.12 386.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 316.27 386.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 341.42 386.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 375.58 386.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 416.24 386.45 Td (by ) Tj ET Q q 0 0 0 rg BT 427.38 386.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.39 386.45 Td (30.5 ) Tj ET Q q 0 0 0 rg BT 451.54 386.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.05 386.45 Td ( ) Tj ET Q q 0 0 0 rg BT 478.68 386.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.32 386.45 Td (2.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.84 386.45 Td (.The ) Tj ET Q q 0 0 0 rg BT 528.48 386.45 Td (increase ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 372.95 Td (was ) Tj ET Q q 0 0 0 rg BT 91.20 372.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 120.39 372.95 Td (driven ) Tj ET Q q 0 0 0 rg BT 148.10 372.95 Td (by ) Tj ET Q q 0 0 0 rg BT 160.79 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 175.86 372.95 Td (Acando ) Tj ET Q q 0 0 0 rg BT 209.57 372.95 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 257.58 372.95 Td (This ) Tj ET Q q 0 0 0 rg BT 277.78 372.95 Td (was ) Tj ET Q q 0 0 0 rg BT 296.97 372.95 Td (in ) Tj ET Q q 0 0 0 rg BT 307.17 372.95 Td (part ) Tj ET Q q 0 0 0 rg BT 325.87 372.95 Td (of) Tj ET Q q 0 0 0 rg BT 333.21 372.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 350.91 372.95 Td (by ) Tj ET Q q 0 0 0 rg BT 363.60 372.95 Td (a ) Tj ET Q q 0 0 0 rg BT 371.80 372.95 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 414.51 372.95 Td (of ) Tj ET Q q 0 0 0 rg BT 425.20 372.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 462.90 372.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 500.10 372.95 Td (within ) Tj ET Q q 0 0 0 rg BT 526.30 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 372.95 Td (MRD ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 359.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 103.01 359.45 Td (market, ) Tj ET Q q 0 0 0 rg BT 135.51 359.45 Td (related ) Tj ET Q q 0 0 0 rg BT 165.53 359.45 Td (to ) Tj ET Q q 0 0 0 rg BT 175.54 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 190.55 359.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 219.56 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 229.57 359.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 276.08 359.45 Td (as ) Tj ET Q q 0 0 0 rg BT 288.08 359.45 Td (well ) Tj ET Q q 0 0 0 rg BT 306.09 359.45 Td (as ) Tj ET Q q 0 0 0 rg BT 318.09 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 333.11 359.45 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 385.14 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 395.14 359.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 450.16 359.45 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 339.95 Td (On ) Tj ET Q q 0 0 0 rg BT 87.08 339.95 Td (a ) Tj ET Q q 0 0 0 rg BT 95.17 339.95 Td (client ) Tj ET Q q 0 0 0 rg BT 119.26 339.95 Td (geographic ) Tj ET Q q 0 0 0 rg BT 166.87 339.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 193.46 339.95 Td (the ) Tj ET Q q 0 0 0 rg BT 209.05 339.95 Td (top ) Tj ET Q q 0 0 0 rg BT 224.64 339.95 Td (two ) Tj ET Q q 0 0 0 rg BT 241.72 339.95 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 293.83 339.95 Td (vertical ) Tj ET Q q 0 0 0 rg BT 325.42 339.95 Td (markets ) Tj ET Q q 0 0 0 rg BT 360.50 339.95 Td (were ) Tj ET Q q 0 0 0 rg BT 383.09 339.95 Td (MRD ) Tj ET Q q 0 0 0 rg BT 406.66 339.95 Td (and ) Tj ET Q q 0 0 0 rg BT 424.75 339.95 Td (government, ) Tj ET Q q 0 0 0 rg BT 477.86 339.95 Td (generating ) Tj ET Q q 0 0 0 rg BT 523.47 339.95 Td (combined ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 326.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 111.52 326.45 Td (of ) Tj ET Q q 0 0 0 rg BT 121.53 326.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 180.06 326.45 Td ($870 ) Tj ET Q q 0 0 0 rg BT 202.58 326.45 Td (million ) Tj ET Q q 0 0 0 rg BT 230.59 326.45 Td (for ) Tj ET Q q 0 0 0 rg BT 243.59 326.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.60 326.45 Td (year ) Tj ET Q q 0 0 0 rg BT 278.61 326.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 306.14 326.45 Td (September ) Tj ET Q q 0 0 0 rg BT 352.66 326.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 367.67 326.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.69 326.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 297.95 Td (3.4.8. ) Tj ET Q q 0 0 0 rg BT 99.02 297.95 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 136.02 297.95 Td (Poland ) Tj ET Q q 0 0 0 rg BT 168.52 297.95 Td (and ) Tj ET Q q 0 0 0 rg BT 187.02 297.95 Td (Baltics ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 278.45 Td (For ) Tj ET Q q 0 0 0 rg BT 88.07 278.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.65 278.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.22 278.45 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.25 278.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 149.31 278.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 210.42 278.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.44 278.45 Td (, ) Tj ET Q q 0 0 0 rg BT 235.01 278.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 269.60 278.45 Td (in ) Tj ET Q q 0 0 0 rg BT 278.67 278.45 Td (our ) Tj ET Q q 0 0 0 rg BT 293.74 278.45 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 327.83 278.45 Td (Poland ) Tj ET Q q 0 0 0 rg BT 357.92 278.45 Td (and ) Tj ET Q q 0 0 0 rg BT 375.00 278.45 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 403.58 278.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 440.16 278.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.23 278.45 Td ($777.2 ) Tj ET Q q 0 0 0 rg BT 487.83 278.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.33 278.45 Td (, ) Tj ET Q q 0 0 0 rg BT 517.90 278.45 Td (a ) Tj ET Q q 0 0 0 rg BT 524.97 278.45 Td (decrease ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 264.95 Td (of ) Tj ET Q q 0 0 0 rg BT 82.69 264.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.70 264.95 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 107.90 264.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 133.41 264.95 Td ( ) Tj ET Q q 0 0 0 rg BT 136.10 264.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.79 264.95 Td (1.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 167.30 264.95 Td ( ) Tj ET Q q 0 0 0 rg BT 169.99 264.95 Td (over ) Tj ET Q q 0 0 0 rg BT 190.18 264.95 Td (the ) Tj ET Q q 0 0 0 rg BT 205.38 264.95 Td (same ) Tj ET Q q 0 0 0 rg BT 230.08 264.95 Td (period ) Tj ET Q q 0 0 0 rg BT 257.78 264.95 Td (last ) Tj ET Q q 0 0 0 rg BT 274.48 264.95 Td (year) Tj ET Q q 0 0 0 rg BT 291.49 264.95 Td (. ) Tj ET Q q 0 0 0 rg BT 296.67 264.95 Td (On ) Tj ET Q q 0 0 0 rg BT 311.37 264.95 Td (a ) Tj ET Q q 0 0 0 rg BT 319.06 264.95 Td (constant ) Tj ET Q q 0 0 0 rg BT 355.77 264.95 Td (currency ) Tj ET Q q 0 0 0 rg BT 392.97 264.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 419.17 264.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 454.38 264.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 499.09 264.95 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.29 264.95 Td ($13.4 ) Tj ET Q q 0 0 0 rg BT 536.50 264.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 251.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.10 251.45 Td (1.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.62 251.45 Td ( ) Tj ET Q q 0 0 0 rg BT 104.22 251.45 Td (due ) Tj ET Q q 0 0 0 rg BT 120.84 251.45 Td (to ) Tj ET Q q 0 0 0 rg BT 129.95 251.45 Td (the ) Tj ET Q q 0 0 0 rg BT 144.06 251.45 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 195.19 251.45 Td (of ) Tj ET Q q 0 0 0 rg BT 204.30 251.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 258.42 251.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 296.54 251.45 Td (and ) Tj ET Q q 0 0 0 rg BT 313.16 251.45 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 251.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 355.38 251.45 Td (of ) Tj ET Q q 0 0 0 rg BT 364.49 251.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 410.10 251.45 Td (in ) Tj ET Q q 0 0 0 rg BT 418.71 251.45 Td (part ) Tj ET Q q 0 0 0 rg BT 435.82 251.45 Td (of) Tj ET Q q 0 0 0 rg BT 443.16 251.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 459.27 251.45 Td (by ) Tj ET Q q 0 0 0 rg BT 470.38 251.45 Td (the ) Tj ET Q q 0 0 0 rg BT 484.17 251.45 Td (Acando ) Tj ET Q q 0 0 0 rg BT 515.98 251.45 Td (Acquisition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 231.95 Td (On ) Tj ET Q q 0 0 0 rg BT 86.27 231.95 Td (a ) Tj ET Q q 0 0 0 rg BT 93.04 231.95 Td (client ) Tj ET Q q 0 0 0 rg BT 115.81 231.95 Td (geographic ) Tj ET Q q 0 0 0 rg BT 162.11 231.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.39 231.95 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 231.95 Td (top ) Tj ET Q q 0 0 0 rg BT 215.94 231.95 Td (two ) Tj ET Q q 0 0 0 rg BT 231.71 231.95 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 265.49 231.95 Td (Poland ) Tj ET Q q 0 0 0 rg BT 295.28 231.95 Td (and ) Tj ET Q q 0 0 0 rg BT 312.06 231.95 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 340.33 231.95 Td (vertical ) Tj ET Q q 0 0 0 rg BT 370.60 231.95 Td (markets ) Tj ET Q q 0 0 0 rg BT 404.37 231.95 Td (were ) Tj ET Q q 0 0 0 rg BT 425.64 231.95 Td (government ) Tj ET Q q 0 0 0 rg BT 474.93 231.95 Td (and ) Tj ET Q q 0 0 0 rg BT 491.71 231.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 526.50 231.95 Td (services, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 218.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.54 218.45 Td (combined ) Tj ET Q q 0 0 0 rg BT 159.06 218.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.58 218.45 Td (of ) Tj ET Q q 0 0 0 rg BT 208.59 218.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 267.12 218.45 Td ($473 ) Tj ET Q q 0 0 0 rg BT 289.64 218.45 Td (million ) Tj ET Q q 0 0 0 rg BT 317.64 218.45 Td (for ) Tj ET Q q 0 0 0 rg BT 330.65 218.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.66 218.45 Td (year ) Tj ET Q q 0 0 0 rg BT 365.67 218.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.20 218.45 Td (September ) Tj ET Q q 0 0 0 rg BT 439.72 218.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 454.73 218.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.75 218.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 189.95 Td (3.4.9. ) Tj ET Q q 0 0 0 rg BT 98.18 189.95 Td (Asia ) Tj ET Q q 0 0 0 rg BT 119.70 189.95 Td (Pacific) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 170.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.53 170.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.08 170.45 Td (year ) Tj ET Q q 0 0 0 rg BT 121.62 170.45 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.64 170.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.68 170.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 209.75 170.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.77 170.45 Td (, ) Tj ET Q q 0 0 0 rg BT 234.30 170.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 268.86 170.45 Td (in ) Tj ET Q q 0 0 0 rg BT 277.89 170.45 Td (our ) Tj ET Q q 0 0 0 rg BT 292.53 170.45 Td (Asia ) Tj ET Q q 0 0 0 rg BT 312.07 170.45 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 340.61 170.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 377.16 170.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.20 170.45 Td ($674.9 ) Tj ET Q q 0 0 0 rg BT 424.76 170.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.27 170.45 Td (, ) Tj ET Q q 0 0 0 rg BT 454.80 170.45 Td (an ) Tj ET Q q 0 0 0 rg BT 466.84 170.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 502.90 170.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.43 170.45 Td ($68.7 ) Tj ET Q q 0 0 0 rg BT 536.99 170.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.49 170.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 156.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.88 156.95 Td (1) Tj ET Q q 0 0 0 rg BT 87.22 156.95 Td (1.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.73 156.95 Td ( ) Tj ET Q q 0 0 0 rg BT 110.61 156.95 Td (over ) Tj ET Q q 0 0 0 rg BT 131.00 156.95 Td (the ) Tj ET Q q 0 0 0 rg BT 146.39 156.95 Td (same ) Tj ET Q q 0 0 0 rg BT 171.28 156.95 Td (period ) Tj ET Q q 0 0 0 rg BT 199.18 156.95 Td (last ) Tj ET Q q 0 0 0 rg BT 216.07 156.95 Td (year) Tj ET Q q 0 0 0 rg BT 233.08 156.95 Td (. ) Tj ET Q q 0 0 0 rg BT 238.46 156.95 Td (On ) Tj ET Q q 0 0 0 rg BT 253.34 156.95 Td (a ) Tj ET Q q 0 0 0 rg BT 261.23 156.95 Td (constant ) Tj ET Q q 0 0 0 rg BT 298.13 156.95 Td (currency ) Tj ET Q q 0 0 0 rg BT 335.52 156.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 361.92 156.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 397.32 156.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 439.22 156.95 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.61 156.95 Td ($82.0 ) Tj ET Q q 0 0 0 rg BT 477.01 156.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.52 156.95 Td ( ) Tj ET Q q 0 0 0 rg BT 505.40 156.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.28 156.95 Td (13.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.80 156.95 Td (. ) Tj ET Q q 0 0 0 rg BT 546.99 156.95 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 143.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 109.29 143.45 Td (was ) Tj ET Q q 0 0 0 rg BT 128.57 143.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 157.86 143.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 185.65 143.45 Td (by ) Tj ET Q q 0 0 0 rg BT 198.43 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 214.21 143.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 256.52 143.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 292.32 143.45 Td (for ) Tj ET Q q 0 0 0 rg BT 306.10 143.45 Td (our ) Tj ET Q q 0 0 0 rg BT 322.38 143.45 Td (of) Tj ET Q q 0 0 0 rg BT 329.73 143.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 358.02 143.45 Td (delivery ) Tj ET Q q 0 0 0 rg BT 392.31 143.45 Td (centers, ) Tj ET Q q 0 0 0 rg BT 427.60 143.45 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 487.40 143.45 Td (within ) Tj ET Q q 0 0 0 rg BT 513.69 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 529.48 143.45 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 129.95 Td (services ) Tj ET Q q 0 0 0 rg BT 107.51 129.95 Td (and ) Tj ET Q q 0 0 0 rg BT 125.02 129.95 Td (communications ) Tj ET Q q 0 0 0 rg BT 192.55 129.95 Td (& ) Tj ET Q q 0 0 0 rg BT 201.05 129.95 Td (utilities ) Tj ET Q q 0 0 0 rg BT 231.06 129.95 Td (vertical ) Tj ET Q q 0 0 0 rg BT 262.07 129.95 Td (markets.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (23) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.5. OPERA) Tj ET Q q 0 0 0 rg BT 122.35 708.95 Td (TING EXPENSES) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 698.45 166.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 238.50 698.45 54.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 292.50 698.45 54.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 346.50 698.45 54.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 400.50 698.45 54.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 454.50 698.45 54.00 -22.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 508.50 698.45 54.00 -22.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 238.50 676.45 54.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 292.50 676.45 54.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 238.50 662.45 54.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 292.50 662.45 54.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 238.50 648.45 54.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 292.50 648.45 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 698.45 m 238.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 676.45 m 238.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 698.45 m 292.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 676.45 m 292.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 698.45 m 346.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 676.45 m 346.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 346.5 698.45 m 400.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 346.5 676.45 m 400.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 698.45 m 454.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 676.45 m 454.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 698.45 m 508.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 676.45 m 508.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 698.45 m 562.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 676.45 m 562.5 676.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 634.45 m 238.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 634.45 m 292.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 634.45 m 346.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 346.5 634.45 m 400.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 634.45 m 454.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 634.45 m 508.5 634.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 634.45 m 562.5 634.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 685.43 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 271.20 680.68 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 326.10 688.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 309.65 680.68 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 379.20 680.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 434.10 688.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 417.65 680.68 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 500.55 680.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 551.85 680.68 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 666.40 Td (In thousands of CAD except for percentages) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 653.43 Td (Costs of services, selling and administrative) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 244.75 653.43 Td (10,302,068) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.60 653.43 Td (84.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.20 653.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.80 653.48 Td (10,284,007) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.25 653.48 Td (84.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.85 653.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.30 653.43 Td (18,061) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 653.43 Td (0.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 653.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 639.43 Td (Foreign exchange \(gain\) loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 639.43 Td (\(899) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.85 639.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.05 639.43 Td (0.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.20 639.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.80 639.48 Td (2,234) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.70 639.43 Td (0.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.85 639.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.15 639.43 Td (\(3,133) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.85 639.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.50 639.43 Td (\(140.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 639.43 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 606.45 Td (3.5.1. ) Tj ET Q q 0 0 0 rg BT 98.52 606.45 Td (Costs ) Tj ET Q q 0 0 0 rg BT 126.02 606.45 Td (of ) Tj ET Q q 0 0 0 rg BT 137.02 606.45 Td (Services, ) Tj ET Q q 0 0 0 rg BT 179.05 606.45 Td (Selling ) Tj ET Q q 0 0 0 rg BT 211.06 606.45 Td (and ) Tj ET Q q 0 0 0 rg BT 229.22 606.45 Td (Administrative) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 586.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.19 586.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.39 586.95 Td (year ) Tj ET Q q 0 0 0 rg BT 120.59 586.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.31 586.95 Td (September ) Tj ET Q q 0 0 0 rg BT 193.02 586.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 207.22 586.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 227.24 586.95 Td (, ) Tj ET Q q 0 0 0 rg BT 231.43 586.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.13 586.95 Td (of ) Tj ET Q q 0 0 0 rg BT 263.32 586.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 300.52 586.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 327.73 586.95 Td (and ) Tj ET Q q 0 0 0 rg BT 344.43 586.95 Td (administrative ) Tj ET Q q 0 0 0 rg BT 401.64 586.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 441.86 586.95 Td (amounted ) Tj ET Q q 0 0 0 rg BT 483.58 586.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.78 586.95 Td ($10,302.1 ) Tj ET Q q 0 0 0 rg BT 534.50 586.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.01 586.95 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 573.45 Td (an ) Tj ET Q q 0 0 0 rg BT 85.68 573.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 123.38 573.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 134.56 573.45 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 160.75 573.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.26 573.45 Td ( ) Tj ET Q q 0 0 0 rg BT 189.93 573.45 Td (over ) Tj ET Q q 0 0 0 rg BT 211.11 573.45 Td (the ) Tj ET Q q 0 0 0 rg BT 227.30 573.45 Td (same ) Tj ET Q q 0 0 0 rg BT 252.98 573.45 Td (period ) Tj ET Q q 0 0 0 rg BT 281.67 573.45 Td (last ) Tj ET Q q 0 0 0 rg BT 299.35 573.45 Td (year) Tj ET Q q 0 0 0 rg BT 316.36 573.45 Td (. ) Tj ET Q q 0 0 0 rg BT 321.81 573.45 Td (As ) Tj ET Q q 0 0 0 rg BT 335.98 573.45 Td (a ) Tj ET Q q 0 0 0 rg BT 344.66 573.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 393.37 573.45 Td (of ) Tj ET Q q 0 0 0 rg BT 404.55 573.45 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 443.25 573.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 467.93 573.45 Td (of ) Tj ET Q q 0 0 0 rg BT 479.11 573.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 518.29 573.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 547.48 573.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 559.95 Td (administrative ) Tj ET Q q 0 0 0 rg BT 129.53 559.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 170.07 559.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 214.11 559.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.62 559.95 Td (84.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.14 559.95 Td ( ) Tj ET Q q 0 0 0 rg BT 251.15 559.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.16 559.95 Td (84.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.68 559.95 Td (. ) Tj ET Q q 0 0 0 rg BT 300.79 559.95 Td (As ) Tj ET Q q 0 0 0 rg BT 313.30 559.95 Td (a ) Tj ET Q q 0 0 0 rg BT 320.32 559.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 367.36 559.95 Td (of ) Tj ET Q q 0 0 0 rg BT 376.88 559.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 413.91 559.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.93 559.95 Td (of ) Tj ET Q q 0 0 0 rg BT 446.44 559.95 Td (services ) Tj ET Q q 0 0 0 rg BT 481.46 559.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 522.49 559.95 Td (compared ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 546.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.41 546.45 Td (the ) Tj ET Q q 0 0 0 rg BT 97.83 546.45 Td (same ) Tj ET Q q 0 0 0 rg BT 122.74 546.45 Td (period ) Tj ET Q q 0 0 0 rg BT 150.66 546.45 Td (last ) Tj ET Q q 0 0 0 rg BT 167.57 546.45 Td (year ) Tj ET Q q 0 0 0 rg BT 187.98 546.45 Td (due ) Tj ET Q q 0 0 0 rg BT 205.91 546.45 Td (to ) Tj ET Q q 0 0 0 rg BT 216.32 546.45 Td (the ) Tj ET Q q 0 0 0 rg BT 231.73 546.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 261.15 546.45 Td (of ) Tj ET Q q 0 0 0 rg BT 271.56 546.45 Td (a ) Tj ET Q q 0 0 0 rg BT 279.47 546.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 303.88 546.45 Td (proportion ) Tj ET Q q 0 0 0 rg BT 347.31 546.45 Td (of ) Tj ET Q q 0 0 0 rg BT 357.72 546.45 Td (IP) Tj ET Q q 0 0 0 rg BT 366.06 546.45 Td ( ) Tj ET Q q 0 0 0 rg BT 368.96 546.45 Td (license ) Tj ET Q q 0 0 0 rg BT 399.88 546.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 423.80 546.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 459.23 546.45 Td (and ) Tj ET Q q 0 0 0 rg BT 477.15 546.45 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 528.58 546.45 Td (on ) Tj ET Q q 0 0 0 rg BT 541.49 546.45 Td (client ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 532.95 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 114.01 532.95 Td (This ) Tj ET Q q 0 0 0 rg BT 134.22 532.95 Td (was ) Tj ET Q q 0 0 0 rg BT 153.44 532.95 Td (partly ) Tj ET Q q 0 0 0 rg BT 178.65 532.95 Td (of) Tj ET Q q 0 0 0 rg BT 185.99 532.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 203.71 532.95 Td (by ) Tj ET Q q 0 0 0 rg BT 216.42 532.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 241.14 532.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 294.87 532.95 Td (based ) Tj ET Q q 0 0 0 rg BT 322.60 532.95 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.84 532.95 Td (and ) Tj ET Q q 0 0 0 rg BT 400.06 532.95 Td (planned ) Tj ET Q q 0 0 0 rg BT 435.30 532.95 Td (synergies ) Tj ET Q q 0 0 0 rg BT 477.03 532.95 Td (achieved ) Tj ET Q q 0 0 0 rg BT 516.26 532.95 Td (through ) Tj ET Q q 0 0 0 rg BT 549.99 532.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 519.45 Td (optimization ) Tj ET Q q 0 0 0 rg BT 123.88 519.45 Td (and ) Tj ET Q q 0 0 0 rg BT 142.75 519.45 Td (automation ) Tj ET Q q 0 0 0 rg BT 191.13 519.45 Td (in ) Tj ET Q q 0 0 0 rg BT 201.99 519.45 Td (our ) Tj ET Q q 0 0 0 rg BT 218.85 519.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 275.23 519.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 317.10 519.45 Td (as ) Tj ET Q q 0 0 0 rg BT 330.46 519.45 Td (discussed ) Tj ET Q q 0 0 0 rg BT 374.33 519.45 Td (in ) Tj ET Q q 0 0 0 rg BT 385.19 519.45 Td (section ) Tj ET Q q 0 0 0 rg BT 417.56 519.45 Td (3.6. ) Tj ET Q q 0 0 0 rg BT 436.43 519.45 Td (of ) Tj ET Q q 0 0 0 rg BT 447.79 519.45 Td (the ) Tj ET Q q 0 0 0 rg BT 464.15 519.45 Td (present ) Tj ET Q q 0 0 0 rg BT 498.03 519.45 Td (document. ) Tj ET Q q 0 0 0 rg BT 543.14 519.45 Td (As ) Tj ET Q q 0 0 0 rg BT 557.50 519.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 119.64 505.95 Td (of ) Tj ET Q q 0 0 0 rg BT 129.75 505.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 167.37 505.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 195.49 505.95 Td (and ) Tj ET Q q 0 0 0 rg BT 213.11 505.95 Td (administrative ) Tj ET Q q 0 0 0 rg BT 271.23 505.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 312.36 505.95 Td (improved ) Tj ET Q q 0 0 0 rg BT 351.98 505.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 394.60 505.95 Td (to ) Tj ET Q q 0 0 0 rg BT 404.71 505.95 Td (the ) Tj ET Q q 0 0 0 rg BT 419.82 505.95 Td (same ) Tj ET Q q 0 0 0 rg BT 444.43 505.95 Td (period ) Tj ET Q q 0 0 0 rg BT 472.05 505.95 Td (last ) Tj ET Q q 0 0 0 rg BT 488.66 505.95 Td (year ) Tj ET Q q 0 0 0 rg BT 508.77 505.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 537.38 505.95 Td (due ) Tj ET Q q 0 0 0 rg BT 554.99 505.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 492.45 Td (actions ) Tj ET Q q 0 0 0 rg BT 103.02 492.45 Td (taken ) Tj ET Q q 0 0 0 rg BT 127.53 492.45 Td (to ) Tj ET Q q 0 0 0 rg BT 137.54 492.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 161.55 492.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 202.57 492.45 Td (in ) Tj ET Q q 0 0 0 rg BT 212.08 492.45 Td (response ) Tj ET Q q 0 0 0 rg BT 251.60 492.45 Td (to ) Tj ET Q q 0 0 0 rg BT 261.61 492.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 305.62 492.45 Td (and ) Tj ET Q q 0 0 0 rg BT 323.14 492.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 347.15 492.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 400.17 492.45 Td (based ) Tj ET Q q 0 0 0 rg BT 427.19 492.45 Td (compensation.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 472.95 Td (During ) Tj ET Q q 0 0 0 rg BT 100.81 472.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 115.63 472.95 Td (year ) Tj ET Q q 0 0 0 rg BT 135.44 472.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.76 472.95 Td (September ) Tj ET Q q 0 0 0 rg BT 209.09 472.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 223.90 472.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.92 472.95 Td (, ) Tj ET Q q 0 0 0 rg BT 248.72 472.95 Td (the ) Tj ET Q q 0 0 0 rg BT 263.54 472.95 Td (translation ) Tj ET Q q 0 0 0 rg BT 307.36 472.95 Td (of ) Tj ET Q q 0 0 0 rg BT 317.17 472.95 Td (the ) Tj ET Q q 0 0 0 rg BT 331.98 472.95 Td (results ) Tj ET Q q 0 0 0 rg BT 360.79 472.95 Td (of ) Tj ET Q q 0 0 0 rg BT 370.60 472.95 Td (our ) Tj ET Q q 0 0 0 rg BT 385.91 472.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 415.73 472.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.06 472.95 Td (from ) Tj ET Q q 0 0 0 rg BT 480.36 472.95 Td (their ) Tj ET Q q 0 0 0 rg BT 500.17 472.95 Td (local ) Tj ET Q q 0 0 0 rg BT 520.98 472.95 Td (currencies ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 459.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.22 459.45 Td (the ) Tj ET Q q 0 0 0 rg BT 97.44 459.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 138.69 459.45 Td (dollar ) Tj ET Q q 0 0 0 rg BT 163.41 459.45 Td (unfavourably ) Tj ET Q q 0 0 0 rg BT 217.66 459.45 Td (impacted ) Tj ET Q q 0 0 0 rg BT 256.89 459.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.61 459.45 Td (by ) Tj ET Q q 0 0 0 rg BT 292.83 459.45 Td ($50.3 ) Tj ET Q q 0 0 0 rg BT 318.06 459.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 348.78 459.45 Td (partially ) Tj ET Q q 0 0 0 rg BT 382.51 459.45 Td (of) Tj ET Q q 0 0 0 rg BT 389.85 459.45 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 421.58 459.45 Td (the ) Tj ET Q q 0 0 0 rg BT 436.80 459.45 Td (favourable ) Tj ET Q q 0 0 0 rg BT 481.55 459.45 Td (translation ) Tj ET Q q 0 0 0 rg BT 525.78 459.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 555.00 459.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 445.95 Td ($61.0 ) Tj ET Q q 0 0 0 rg BT 97.02 445.95 Td (million ) Tj ET Q q 0 0 0 rg BT 125.03 445.95 Td (on ) Tj ET Q q 0 0 0 rg BT 137.54 445.95 Td (our ) Tj ET Q q 0 0 0 rg BT 153.05 445.95 Td (revenue.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 417.45 Td (3.5.2. ) Tj ET Q q 0 0 0 rg BT 98.52 417.45 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 134.02 417.45 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 179.03 417.45 Td (\(Gain\) ) Tj ET Q q 0 0 0 rg BT 207.53 417.45 Td (Loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 397.95 Td (During ) Tj ET Q q 0 0 0 rg BT 100.81 397.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 115.63 397.95 Td (year ) Tj ET Q q 0 0 0 rg BT 135.44 397.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.76 397.95 Td (September ) Tj ET Q q 0 0 0 rg BT 209.09 397.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 223.90 397.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.92 397.95 Td (, ) Tj ET Q q 0 0 0 rg BT 248.72 397.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 267.03 397.95 Td (incurred ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.84 397.95 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 321.66 397.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.17 397.95 Td ( ) Tj ET Q q 0 0 0 rg BT 349.47 397.95 Td (of ) Tj ET Q q 0 0 0 rg BT 359.27 397.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 389.09 397.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 430.43 397.95 Td (gains, ) Tj ET Q q 0 0 0 rg BT 456.75 397.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 485.05 397.95 Td (driven ) Tj ET Q q 0 0 0 rg BT 511.87 397.95 Td (by ) Tj ET Q q 0 0 0 rg BT 523.67 397.95 Td (the ) Tj ET Q q 0 0 0 rg BT 538.49 397.95 Td (timing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 82.76 384.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 125.04 384.45 Td (combined ) Tj ET Q q 0 0 0 rg BT 167.32 384.45 Td (with ) Tj ET Q q 0 0 0 rg BT 186.58 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 202.35 384.45 Td (volatility ) Tj ET Q q 0 0 0 rg BT 237.61 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 248.37 384.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 279.15 384.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 321.44 384.45 Td (rates. ) Tj ET Q q 0 0 0 rg BT 346.99 384.45 Td (The ) Tj ET Q q 0 0 0 rg BT 365.76 384.45 Td (Company) Tj ET Q q 0 0 0 rg BT 403.61 384.45 Td (, ) Tj ET Q q 0 0 0 rg BT 409.36 384.45 Td (in ) Tj ET Q q 0 0 0 rg BT 419.62 384.45 Td (addition ) Tj ET Q q 0 0 0 rg BT 454.41 384.45 Td (to ) Tj ET Q q 0 0 0 rg BT 465.17 384.45 Td (its ) Tj ET Q q 0 0 0 rg BT 477.43 384.45 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.20 384.45 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 543.48 384.45 Td (uses ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 370.95 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 117.52 370.95 Td (as ) Tj ET Q q 0 0 0 rg BT 129.52 370.95 Td (a ) Tj ET Q q 0 0 0 rg BT 137.03 370.95 Td (strategy ) Tj ET Q q 0 0 0 rg BT 171.54 370.95 Td (to ) Tj ET Q q 0 0 0 rg BT 181.55 370.95 Td (manage ) Tj ET Q q 0 0 0 rg BT 216.58 370.95 Td (its ) Tj ET Q q 0 0 0 rg BT 228.08 370.95 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 270.10 370.95 Td (to ) Tj ET Q q 0 0 0 rg BT 280.11 370.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.12 370.95 Td (extent ) Tj ET Q q 0 0 0 rg BT 322.14 370.95 Td (possible.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (24) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (3.6. ) Tj ET Q q 0 0 0 rg BT 89.18 708.95 Td (ADJUSTED EBIT BY) Tj ET Q q 0 0 0 rg BT 175.53 708.95 Td ( SEGMENT) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 698.45 259.00 -27.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 331.50 698.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 389.50 698.45 57.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 446.50 698.45 116.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 331.50 685.45 58.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 389.50 685.45 57.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 446.50 685.45 58.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 504.50 685.45 58.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 671.45 58.00 -12.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 659.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 655.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 642.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 629.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 625.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 612.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 599.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 595.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 582.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 569.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 565.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 552.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 539.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 535.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 522.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 509.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 505.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 492.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 479.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 475.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 462.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 449.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 445.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 432.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 419.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 415.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 331.50 402.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 389.45 259.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 331.50 389.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 389.50 389.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 389.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 389.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 376.45 259.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 331.50 376.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 389.50 376.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 376.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 376.45 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 698.45 m 331.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 698.45 m 389.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 698.45 m 446.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 698.45 m 504.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 698.45 m 562.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 363.45 m 331.5 363.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 363.45 m 389.5 363.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 363.45 m 446.5 363.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 363.45 m 504.5 363.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 363.45 m 562.5 363.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 682.93 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 486.30 689.68 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 362.20 675.68 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 419.20 675.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 472.75 675.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 545.85 675.68 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 663.65 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 646.93 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 646.93 Td (estern and Southern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 646.68 Td (264,009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 646.68 Td (275,535) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 646.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 476.81 646.93 Td (1,526) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 646.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 646.93 Td (\(4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 646.93 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 633.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 633.73 Td (13.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 633.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 633.73 Td (13.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 633.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 617.13 Td (U.S. Commercial and State Government) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 616.68 Td (295,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 616.68 Td (333,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 616.93 Td (\(37,415) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 616.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.95 616.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 535.06 616.93 Td (1.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 616.93 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 603.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 603.73 Td (15.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 603.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 603.73 Td (18.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 603.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 586.93 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 586.68 Td (364,424) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 586.68 Td (359,089) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.80 586.98 Td (5,335) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 586.93 Td (1.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 586.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 573.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 573.73 Td (21.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 573.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 573.73 Td (20.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 573.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 557.13 Td (U.S. Federal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 556.68 Td (221,793) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 556.68 Td (230,054) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 556.93 Td (\(8,261) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 556.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 556.93 Td (\(3.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 556.93 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 543.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 543.73 Td (13.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 543.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 543.73 Td (14.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 543.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 526.93 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.52 526.93 Td (Australia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 526.68 Td (215,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 526.68 Td (185,290) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 526.93 Td (30,634) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 526.98 Td (16.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 526.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 513.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 513.73 Td (15.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 513.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 513.73 Td (13.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 513.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 496.93 Td (Central and Eastern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 496.68 Td (122,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 496.68 Td (100,244) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 496.93 Td (22,304) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 496.98 Td (22.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 496.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 483.63 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 483.73 Td (10.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 483.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.70 483.68 Td (8.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 483.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 466.93 Td (Scandinavia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.30 466.68 Td (57,231) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 466.68 Td (76,648) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 466.93 Td (\(19,417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 466.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.95 466.93 Td (\(25.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 466.93 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 453.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.70 453.68 Td (5.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 453.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.70 453.68 Td (7.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 453.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 436.93 Td (Finland, Poland and Baltics) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 436.68 Td (120,959) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 436.68 Td (1) Tj ET Q q 0 0 0 rg BT 414.35 436.68 Td (18,771) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.80 436.98 Td (2,188) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 436.93 Td (1.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 436.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 423.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 423.73 Td (15.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 423.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 423.73 Td (15.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 423.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 406.93 Td (Asia Pacific) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.90 406.68 Td (200,263) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.90 406.68 Td (146,154) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 406.93 Td (54,109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 406.98 Td (37.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 406.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 393.88 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 393.73 Td (29.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 393.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 393.73 Td (24.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 393.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 380.68 Td (Adjusted EBIT) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.25 380.73 Td (1,862,946) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.25 380.73 Td (1,824,995) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 380.68 Td (37,951) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 380.68 Td (2.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 380.68 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 367.68 Td (Adjusted EBIT margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 367.73 Td (15.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.85 367.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 367.73 Td (15.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.85 367.68 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 350.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.60 350.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.21 350.45 Td (year ) Tj ET Q q 0 0 0 rg BT 121.82 350.45 Td (ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 146.85 350.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.95 350.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 210.08 350.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.10 350.45 Td (, ) Tj ET Q q 0 0 0 rg BT 234.70 350.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 270.83 350.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 290.67 350.45 Td ( ) Tj ET Q q 0 0 0 rg BT 292.77 350.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 322.38 350.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 363.51 350.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.11 350.45 Td (15.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.63 350.45 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 350.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.83 350.45 Td (15.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.35 350.45 Td ( ) Tj ET Q q 0 0 0 rg BT 448.45 350.45 Td (for ) Tj ET Q q 0 0 0 rg BT 461.05 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 475.67 350.45 Td (same ) Tj ET Q q 0 0 0 rg BT 499.77 350.45 Td (period ) Tj ET Q q 0 0 0 rg BT 526.89 350.45 Td (last ) Tj ET Q q 0 0 0 rg BT 543.00 350.45 Td (year) Tj ET Q q 0 0 0 rg BT 560.01 350.45 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 336.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.73 336.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 125.97 336.95 Td (was ) Tj ET Q q 0 0 0 rg BT 144.20 336.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 172.43 336.95 Td (due ) Tj ET Q q 0 0 0 rg BT 189.67 336.95 Td (to ) Tj ET Q q 0 0 0 rg BT 199.40 336.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 223.13 336.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 275.88 336.95 Td (based ) Tj ET Q q 0 0 0 rg BT 302.62 336.95 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 363.38 336.95 Td (the ) Tj ET Q q 0 0 0 rg BT 378.11 336.95 Td ($37.9 ) Tj ET Q q 0 0 0 rg BT 402.86 336.95 Td (million ) Tj ET Q q 0 0 0 rg BT 430.59 336.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 459.32 336.95 Td (of ) Tj ET Q q 0 0 0 rg BT 469.05 336.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 505.80 336.95 Td (of ) Tj ET Q q 0 0 0 rg BT 515.53 336.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 538.26 336.95 Td (16, ) Tj ET Q q 0 0 0 rg BT 552.99 336.95 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 323.45 Td (well ) Tj ET Q q 0 0 0 rg BT 90.04 323.45 Td (as ) Tj ET Q q 0 0 0 rg BT 102.08 323.45 Td (synergies ) Tj ET Q q 0 0 0 rg BT 143.14 323.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 181.70 323.45 Td (through ) Tj ET Q q 0 0 0 rg BT 214.76 323.45 Td (the ) Tj ET Q q 0 0 0 rg BT 229.81 323.45 Td (optimization ) Tj ET Q q 0 0 0 rg BT 280.37 323.45 Td (and ) Tj ET Q q 0 0 0 rg BT 297.93 323.45 Td (modernization ) Tj ET Q q 0 0 0 rg BT 356.99 323.45 Td (of ) Tj ET Q q 0 0 0 rg BT 367.04 323.45 Td (our ) Tj ET Q q 0 0 0 rg BT 382.58 323.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 437.64 323.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 478.03 323.45 Td (This ) Tj ET Q q 0 0 0 rg BT 497.57 323.45 Td (was ) Tj ET Q q 0 0 0 rg BT 516.11 323.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 540.66 323.45 Td (of) Tj ET Q q 0 0 0 rg BT 548.00 323.45 Td (fset ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 309.95 Td (by ) Tj ET Q q 0 0 0 rg BT 84.01 309.95 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 135.03 309.95 Td (on ) Tj ET Q q 0 0 0 rg BT 147.54 309.95 Td (client ) Tj ET Q q 0 0 0 rg BT 171.05 309.95 Td (contracts.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 281.45 Td (3.6.1. ) Tj ET Q q 0 0 0 rg BT 98.52 281.45 Td (W) Tj ET Q q 0 0 0 rg BT 106.85 281.45 Td (estern ) Tj ET Q q 0 0 0 rg BT 136.36 281.45 Td (and ) Tj ET Q q 0 0 0 rg BT 154.86 281.45 Td (Southern ) Tj ET Q q 0 0 0 rg BT 196.86 281.45 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 261.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.84 261.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.70 261.95 Td (year ) Tj ET Q q 0 0 0 rg BT 122.55 261.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.92 261.95 Td (September ) Tj ET Q q 0 0 0 rg BT 196.29 261.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 211.15 261.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.17 261.95 Td (, ) Tj ET Q q 0 0 0 rg BT 236.01 261.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 272.38 261.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 292.23 261.95 Td ( ) Tj ET Q q 0 0 0 rg BT 294.57 261.95 Td (in ) Tj ET Q q 0 0 0 rg BT 303.92 261.95 Td (the ) Tj ET Q q 0 0 0 rg BT 318.77 261.95 Td (W) Tj ET Q q 0 0 0 rg BT 327.11 261.95 Td (estern ) Tj ET Q q 0 0 0 rg BT 354.46 261.95 Td (and ) Tj ET Q q 0 0 0 rg BT 371.82 261.95 Td (Southern ) Tj ET Q q 0 0 0 rg BT 410.70 261.95 Td (Europe ) Tj ET Q q 0 0 0 rg BT 442.06 261.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 478.93 261.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.27 261.95 Td ($264.0 ) Tj ET Q q 0 0 0 rg BT 527.15 261.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.65 261.95 Td (, ) Tj ET Q q 0 0 0 rg BT 557.50 261.95 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 248.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 110.94 248.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 120.37 248.45 Td ($1) Tj ET Q q 0 0 0 rg BT 129.71 248.45 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 144.14 248.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 169.65 248.45 Td ( ) Tj ET Q q 0 0 0 rg BT 171.57 248.45 Td (when ) Tj ET Q q 0 0 0 rg BT 195.00 248.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 236.94 248.45 Td (to ) Tj ET Q q 0 0 0 rg BT 246.37 248.45 Td (the ) Tj ET Q q 0 0 0 rg BT 260.80 248.45 Td (same ) Tj ET Q q 0 0 0 rg BT 284.73 248.45 Td (period ) Tj ET Q q 0 0 0 rg BT 311.66 248.45 Td (last ) Tj ET Q q 0 0 0 rg BT 327.59 248.45 Td (year) Tj ET Q q 0 0 0 rg BT 344.60 248.45 Td (. ) Tj ET Q q 0 0 0 rg BT 348.64 248.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 385.58 248.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 405.42 248.45 Td ( ) Tj ET Q q 0 0 0 rg BT 407.34 248.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 436.77 248.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 477.71 248.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.14 248.45 Td (13.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.66 248.45 Td ( ) Tj ET Q q 0 0 0 rg BT 514.58 248.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.50 248.45 Td (13.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.02 248.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 234.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 108.81 234.95 Td (due ) Tj ET Q q 0 0 0 rg BT 126.64 234.95 Td (to ) Tj ET Q q 0 0 0 rg BT 136.95 234.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 161.27 234.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.60 234.95 Td (based ) Tj ET Q q 0 0 0 rg BT 241.93 234.95 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 303.28 234.95 Td (a ) Tj ET Q q 0 0 0 rg BT 311.09 234.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 350.93 234.95 Td (in ) Tj ET Q q 0 0 0 rg BT 360.74 234.95 Td (amortization ) Tj ET Q q 0 0 0 rg BT 412.57 234.95 Td (of ) Tj ET Q q 0 0 0 rg BT 422.89 234.95 Td (client ) Tj ET Q q 0 0 0 rg BT 446.71 234.95 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 502.54 234.95 Td (and ) Tj ET Q q 0 0 0 rg BT 520.37 234.95 Td (to ) Tj ET Q q 0 0 0 rg BT 530.69 234.95 Td (a ) Tj ET Q q 0 0 0 rg BT 538.50 234.95 Td (lesser ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 221.45 Td (extent, ) Tj ET Q q 0 0 0 rg BT 101.93 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.35 221.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.77 221.45 Td (of ) Tj ET Q q 0 0 0 rg BT 157.18 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 172.60 221.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 210.04 221.45 Td (of ) Tj ET Q q 0 0 0 rg BT 220.46 221.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 243.87 221.45 Td (16. ) Tj ET Q q 0 0 0 rg BT 259.10 221.45 Td (This ) Tj ET Q q 0 0 0 rg BT 279.01 221.45 Td (was ) Tj ET Q q 0 0 0 rg BT 297.93 221.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 322.85 221.45 Td (of) Tj ET Q q 0 0 0 rg BT 330.19 221.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 347.60 221.45 Td (by ) Tj ET Q q 0 0 0 rg BT 360.02 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 375.44 221.45 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 417.87 221.45 Td (of ) Tj ET Q q 0 0 0 rg BT 428.29 221.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 465.71 221.45 Td (identified ) Tj ET Q q 0 0 0 rg BT 504.64 221.45 Td (in ) Tj ET Q q 0 0 0 rg BT 514.56 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 529.98 221.45 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 207.95 Td (section, ) Tj ET Q q 0 0 0 rg BT 105.52 207.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 142.02 207.95 Td (as ) Tj ET Q q 0 0 0 rg BT 154.02 207.95 Td (a ) Tj ET Q q 0 0 0 rg BT 161.53 207.95 Td (result ) Tj ET Q q 0 0 0 rg BT 186.04 207.95 Td (of ) Tj ET Q q 0 0 0 rg BT 196.04 207.95 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 179.45 Td (3.6.2. ) Tj ET Q q 0 0 0 rg BT 97.02 179.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 117.02 179.45 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 171.04 179.45 Td (and ) Tj ET Q q 0 0 0 rg BT 189.54 179.45 Td (State ) Tj ET Q q 0 0 0 rg BT 214.05 179.45 Td (Government) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 159.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.75 159.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.50 159.95 Td (year ) Tj ET Q q 0 0 0 rg BT 122.25 159.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.53 159.95 Td (September ) Tj ET Q q 0 0 0 rg BT 195.80 159.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.55 159.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.57 159.95 Td (, ) Tj ET Q q 0 0 0 rg BT 235.32 159.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 271.59 159.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 291.43 159.95 Td ( ) Tj ET Q q 0 0 0 rg BT 293.68 159.95 Td (in ) Tj ET Q q 0 0 0 rg BT 302.93 159.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.68 159.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 337.43 159.95 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 387.68 159.95 Td (and ) Tj ET Q q 0 0 0 rg BT 404.94 159.95 Td (State ) Tj ET Q q 0 0 0 rg BT 428.20 159.95 Td (Government ) Tj ET Q q 0 0 0 rg BT 479.97 159.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 516.74 159.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.99 159.95 Td ($295.8 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 146.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 146.45 Td (, ) Tj ET Q q 0 0 0 rg BT 102.42 146.45 Td (a ) Tj ET Q q 0 0 0 rg BT 109.84 146.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 149.28 146.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.20 146.45 Td ($37.4 ) Tj ET Q q 0 0 0 rg BT 184.14 146.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.64 146.45 Td ( ) Tj ET Q q 0 0 0 rg BT 212.06 146.45 Td (when ) Tj ET Q q 0 0 0 rg BT 235.99 146.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 278.43 146.45 Td (to ) Tj ET Q q 0 0 0 rg BT 288.35 146.45 Td (the ) Tj ET Q q 0 0 0 rg BT 303.27 146.45 Td (same ) Tj ET Q q 0 0 0 rg BT 327.70 146.45 Td (period ) Tj ET Q q 0 0 0 rg BT 355.13 146.45 Td (last ) Tj ET Q q 0 0 0 rg BT 371.55 146.45 Td (year) Tj ET Q q 0 0 0 rg BT 388.56 146.45 Td (. ) Tj ET Q q 0 0 0 rg BT 393.00 146.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 430.44 146.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 450.28 146.45 Td ( ) Tj ET Q q 0 0 0 rg BT 452.69 146.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 482.62 146.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 527.06 146.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.98 146.45 Td (15.9%) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 132.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.65 132.95 Td (18.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 118.17 132.95 Td (. ) Tj ET Q q 0 0 0 rg BT 123.16 132.95 Td (The ) Tj ET Q q 0 0 0 rg BT 141.32 132.95 Td (change ) Tj ET Q q 0 0 0 rg BT 173.50 132.95 Td (in ) Tj ET Q q 0 0 0 rg BT 183.16 132.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 219.84 132.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 239.68 132.95 Td ( ) Tj ET Q q 0 0 0 rg BT 242.34 132.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 272.50 132.95 Td (was ) Tj ET Q q 0 0 0 rg BT 291.16 132.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 319.82 132.95 Td (due ) Tj ET Q q 0 0 0 rg BT 337.49 132.95 Td (to ) Tj ET Q q 0 0 0 rg BT 347.65 132.95 Td (the ) Tj ET Q q 0 0 0 rg BT 362.82 132.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 391.98 132.95 Td (of ) Tj ET Q q 0 0 0 rg BT 402.14 132.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 426.30 132.95 Td (IP) Tj ET Q q 0 0 0 rg BT 434.64 132.95 Td ( ) Tj ET Q q 0 0 0 rg BT 437.29 132.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 460.96 132.95 Td (and ) Tj ET Q q 0 0 0 rg BT 478.63 132.95 Td (solution ) Tj ET Q q 0 0 0 rg BT 512.30 132.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 547.48 132.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 119.45 Td (an ) Tj ET Q q 0 0 0 rg BT 84.37 119.45 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 130.75 119.45 Td (due ) Tj ET Q q 0 0 0 rg BT 148.13 119.45 Td (to ) Tj ET Q q 0 0 0 rg BT 158.00 119.45 Td (a ) Tj ET Q q 0 0 0 rg BT 165.36 119.45 Td (reevaluation ) Tj ET Q q 0 0 0 rg BT 216.76 119.45 Td (of ) Tj ET Q q 0 0 0 rg BT 226.62 119.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 245.49 119.45 Td (to ) Tj ET Q q 0 0 0 rg BT 255.35 119.45 Td (complete ) Tj ET Q q 0 0 0 rg BT 294.23 119.45 Td (on ) Tj ET Q q 0 0 0 rg BT 306.60 119.45 Td (a ) Tj ET Q q 0 0 0 rg BT 313.97 119.45 Td (project. ) Tj ET Q q 0 0 0 rg BT 345.69 119.45 Td (This ) Tj ET Q q 0 0 0 rg BT 365.05 119.45 Td (was ) Tj ET Q q 0 0 0 rg BT 383.41 119.45 Td (in ) Tj ET Q q 0 0 0 rg BT 392.78 119.45 Td (part ) Tj ET Q q 0 0 0 rg BT 410.65 119.45 Td (of) Tj ET Q q 0 0 0 rg BT 417.99 119.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 434.86 119.45 Td (by ) Tj ET Q q 0 0 0 rg BT 446.72 119.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 470.59 119.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 523.97 119.45 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 105.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 105.95 Td (fringe ) Tj ET Q q 0 0 0 rg BT 114.53 105.95 Td (benefits ) Tj ET Q q 0 0 0 rg BT 148.55 105.95 Td (due ) Tj ET Q q 0 0 0 rg BT 166.07 105.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.08 105.95 Td (COVID-19.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (25) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 742.45 Td (3.6.3. ) Tj ET Q q 0 0 0 rg BT 99.02 742.45 Td (Canada) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 722.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.82 722.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.15 722.95 Td (year ) Tj ET Q q 0 0 0 rg BT 121.48 722.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.32 722.95 Td (September ) Tj ET Q q 0 0 0 rg BT 194.17 722.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 208.50 722.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.52 722.95 Td (, ) Tj ET Q q 0 0 0 rg BT 232.84 722.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 268.69 722.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 288.53 722.95 Td ( ) Tj ET Q q 0 0 0 rg BT 290.35 722.95 Td (in ) Tj ET Q q 0 0 0 rg BT 299.17 722.95 Td (the ) Tj ET Q q 0 0 0 rg BT 313.50 722.95 Td (Canada ) Tj ET Q q 0 0 0 rg BT 346.85 722.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 383.18 722.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.01 722.95 Td ($364.4 ) Tj ET Q q 0 0 0 rg BT 430.36 722.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.86 722.95 Td (, ) Tj ET Q q 0 0 0 rg BT 460.18 722.95 Td (an ) Tj ET Q q 0 0 0 rg BT 472.01 722.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 507.85 722.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.17 722.95 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 536.51 722.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 709.45 Td (when ) Tj ET Q q 0 0 0 rg BT 95.91 709.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 137.82 709.45 Td (to ) Tj ET Q q 0 0 0 rg BT 147.22 709.45 Td (the ) Tj ET Q q 0 0 0 rg BT 161.62 709.45 Td (same ) Tj ET Q q 0 0 0 rg BT 185.52 709.45 Td (period ) Tj ET Q q 0 0 0 rg BT 212.43 709.45 Td (last ) Tj ET Q q 0 0 0 rg BT 228.32 709.45 Td (year) Tj ET Q q 0 0 0 rg BT 245.33 709.45 Td (. ) Tj ET Q q 0 0 0 rg BT 249.35 709.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 286.27 709.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 306.11 709.45 Td ( ) Tj ET Q q 0 0 0 rg BT 308.00 709.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 337.40 709.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 378.31 709.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.71 709.45 Td (21.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.23 709.45 Td ( ) Tj ET Q q 0 0 0 rg BT 415.12 709.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.01 709.45 Td (20.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.53 709.45 Td (. ) Tj ET Q q 0 0 0 rg BT 464.80 709.45 Td (The ) Tj ET Q q 0 0 0 rg BT 482.20 709.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 518.11 709.45 Td (was ) Tj ET Q q 0 0 0 rg BT 536.00 709.45 Td (mainly ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 695.95 Td (due ) Tj ET Q q 0 0 0 rg BT 90.29 695.95 Td (to ) Tj ET Q q 0 0 0 rg BT 100.58 695.95 Td (synergies ) Tj ET Q q 0 0 0 rg BT 141.87 695.95 Td (achieved ) Tj ET Q q 0 0 0 rg BT 180.68 695.95 Td (through ) Tj ET Q q 0 0 0 rg BT 213.98 695.95 Td (the ) Tj ET Q q 0 0 0 rg BT 229.27 695.95 Td (optimization ) Tj ET Q q 0 0 0 rg BT 280.07 695.95 Td (and ) Tj ET Q q 0 0 0 rg BT 297.86 695.95 Td (modernization ) Tj ET Q q 0 0 0 rg BT 357.17 695.95 Td (of ) Tj ET Q q 0 0 0 rg BT 367.46 695.95 Td (our ) Tj ET Q q 0 0 0 rg BT 383.24 695.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 438.54 695.95 Td (business ) Tj ET Q q 0 0 0 rg BT 476.84 695.95 Td (and ) Tj ET Q q 0 0 0 rg BT 494.63 695.95 Td (the ) Tj ET Q q 0 0 0 rg BT 509.92 695.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 539.21 695.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.49 695.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 682.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 109.53 682.45 Td (of ) Tj ET Q q 0 0 0 rg BT 119.54 682.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 142.54 682.45 Td (16. ) Tj ET Q q 0 0 0 rg BT 157.39 682.45 Td (This ) Tj ET Q q 0 0 0 rg BT 176.89 682.45 Td (was ) Tj ET Q q 0 0 0 rg BT 195.40 682.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 219.91 682.45 Td (of) Tj ET Q q 0 0 0 rg BT 227.25 682.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 244.26 682.45 Td (by ) Tj ET Q q 0 0 0 rg BT 256.26 682.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.27 682.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.28 682.45 Td (of ) Tj ET Q q 0 0 0 rg BT 310.29 682.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 334.30 682.45 Td (IP) Tj ET Q q 0 0 0 rg BT 342.64 682.45 Td ( ) Tj ET Q q 0 0 0 rg BT 345.14 682.45 Td (license ) Tj ET Q q 0 0 0 rg BT 375.65 682.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 399.16 682.45 Td (and ) Tj ET Q q 0 0 0 rg BT 416.68 682.45 Td (service ) Tj ET Q q 0 0 0 rg BT 447.69 682.45 Td (revenue.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 653.95 Td (3.6.4. ) Tj ET Q q 0 0 0 rg BT 98.52 653.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 653.95 Td (Federal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 634.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.92 634.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.85 634.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.78 634.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.23 634.45 Td (September ) Tj ET Q q 0 0 0 rg BT 196.67 634.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 211.60 634.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.62 634.45 Td (, ) Tj ET Q q 0 0 0 rg BT 236.54 634.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 272.99 634.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 292.83 634.45 Td ( ) Tj ET Q q 0 0 0 rg BT 295.25 634.45 Td (in ) Tj ET Q q 0 0 0 rg BT 304.68 634.45 Td (the ) Tj ET Q q 0 0 0 rg BT 319.61 634.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 339.53 634.45 Td (Federal ) Tj ET Q q 0 0 0 rg BT 372.47 634.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 409.40 634.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.83 634.45 Td ($221.8 ) Tj ET Q q 0 0 0 rg BT 457.78 634.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.28 634.45 Td (, ) Tj ET Q q 0 0 0 rg BT 488.20 634.45 Td (a ) Tj ET Q q 0 0 0 rg BT 495.63 634.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 535.07 634.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 634.45 Td ($8.3 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 620.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 620.95 Td ( ) Tj ET Q q 0 0 0 rg BT 100.04 620.95 Td (when ) Tj ET Q q 0 0 0 rg BT 124.09 620.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 166.64 620.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.68 620.95 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 620.95 Td (same ) Tj ET Q q 0 0 0 rg BT 216.27 620.95 Td (period ) Tj ET Q q 0 0 0 rg BT 243.82 620.95 Td (last ) Tj ET Q q 0 0 0 rg BT 260.36 620.95 Td (year) Tj ET Q q 0 0 0 rg BT 277.37 620.95 Td (. ) Tj ET Q q 0 0 0 rg BT 281.90 620.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 319.46 620.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 339.30 620.95 Td ( ) Tj ET Q q 0 0 0 rg BT 341.84 620.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 371.88 620.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 416.44 620.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.48 620.95 Td (13.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.00 620.95 Td ( ) Tj ET Q q 0 0 0 rg BT 454.53 620.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.07 620.95 Td (14.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.59 620.95 Td (. ) Tj ET Q q 0 0 0 rg BT 505.12 620.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 542.68 620.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 562.52 620.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 607.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 101.69 607.45 Td (changed ) Tj ET Q q 0 0 0 rg BT 138.39 607.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 174.57 607.45 Td (due ) Tj ET Q q 0 0 0 rg BT 191.76 607.45 Td (to ) Tj ET Q q 0 0 0 rg BT 201.44 607.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 225.13 607.45 Td (business ) Tj ET Q q 0 0 0 rg BT 262.82 607.45 Td (process ) Tj ET Q q 0 0 0 rg BT 296.51 607.45 Td (services ) Tj ET Q q 0 0 0 rg BT 331.69 607.45 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 369.88 607.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 398.06 607.45 Td (related ) Tj ET Q q 0 0 0 rg BT 427.76 607.45 Td (to ) Tj ET Q q 0 0 0 rg BT 437.44 607.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 483.63 607.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 507.31 607.45 Td (profitability ) Tj ET Q q 0 0 0 rg BT 552.50 607.45 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 593.95 Td (defense ) Tj ET Q q 0 0 0 rg BT 105.82 593.95 Td (client ) Tj ET Q q 0 0 0 rg BT 128.62 593.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 166.92 593.95 Td (and ) Tj ET Q q 0 0 0 rg BT 183.73 593.95 Td (a ) Tj ET Q q 0 0 0 rg BT 190.53 593.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 225.34 593.95 Td (provision. ) Tj ET Q q 0 0 0 rg BT 265.53 593.95 Td (This ) Tj ET Q q 0 0 0 rg BT 284.33 593.95 Td (was ) Tj ET Q q 0 0 0 rg BT 302.12 593.95 Td (partly ) Tj ET Q q 0 0 0 rg BT 325.92 593.95 Td (of) Tj ET Q q 0 0 0 rg BT 333.26 593.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 349.56 593.95 Td (by ) Tj ET Q q 0 0 0 rg BT 360.86 593.95 Td (the ) Tj ET Q q 0 0 0 rg BT 375.16 593.95 Td (favourable ) Tj ET Q q 0 0 0 rg BT 418.98 593.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 451.78 593.95 Td (of ) Tj ET Q q 0 0 0 rg BT 461.08 593.95 Td (both ) Tj ET Q q 0 0 0 rg BT 480.38 593.95 Td (a ) Tj ET Q q 0 0 0 rg BT 487.18 593.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 520.99 593.95 Td (settlement ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 580.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 580.45 Td (the ) Tj ET Q q 0 0 0 rg BT 104.53 580.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 141.56 580.45 Td (of ) Tj ET Q q 0 0 0 rg BT 151.57 580.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 174.57 580.45 Td (16.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 551.95 Td (3.6.5. ) Tj ET Q q 0 0 0 rg BT 98.52 551.95 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 119.02 551.95 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 551.95 Td (Australia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 532.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.74 532.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.49 532.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.24 532.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.51 532.45 Td (September ) Tj ET Q q 0 0 0 rg BT 195.78 532.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.53 532.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.55 532.45 Td (, ) Tj ET Q q 0 0 0 rg BT 235.30 532.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 271.56 532.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 291.41 532.45 Td ( ) Tj ET Q q 0 0 0 rg BT 293.65 532.45 Td (in ) Tj ET Q q 0 0 0 rg BT 302.89 532.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.65 532.45 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 337.39 532.45 Td (and ) Tj ET Q q 0 0 0 rg BT 354.20 532.45 Td (Australia ) Tj ET Q q 0 0 0 rg BT 391.46 532.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 428.22 532.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.47 532.45 Td ($215.9 ) Tj ET Q q 0 0 0 rg BT 476.24 532.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.74 532.45 Td (, ) Tj ET Q q 0 0 0 rg BT 506.49 532.45 Td (an ) Tj ET Q q 0 0 0 rg BT 518.74 532.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 555.00 532.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 518.95 Td ($30.6 ) Tj ET Q q 0 0 0 rg BT 96.59 518.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.10 518.95 Td ( ) Tj ET Q q 0 0 0 rg BT 124.17 518.95 Td (when ) Tj ET Q q 0 0 0 rg BT 147.75 518.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 189.84 518.95 Td (to ) Tj ET Q q 0 0 0 rg BT 199.42 518.95 Td (the ) Tj ET Q q 0 0 0 rg BT 214.00 518.95 Td (same ) Tj ET Q q 0 0 0 rg BT 238.07 518.95 Td (period ) Tj ET Q q 0 0 0 rg BT 265.16 518.95 Td (last ) Tj ET Q q 0 0 0 rg BT 281.24 518.95 Td (year) Tj ET Q q 0 0 0 rg BT 298.25 518.95 Td (. ) Tj ET Q q 0 0 0 rg BT 302.41 518.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 339.50 518.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 359.34 518.95 Td ( ) Tj ET Q q 0 0 0 rg BT 361.41 518.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 390.99 518.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 432.08 518.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.66 518.95 Td (15.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.18 518.95 Td ( ) Tj ET Q q 0 0 0 rg BT 469.25 518.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.32 518.95 Td (13.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.84 518.95 Td (, ) Tj ET Q q 0 0 0 rg BT 519.41 518.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 547.48 518.95 Td (due ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 505.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 505.45 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 133.03 505.45 Td (on ) Tj ET Q q 0 0 0 rg BT 145.54 505.45 Td (client ) Tj ET Q q 0 0 0 rg BT 169.05 505.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 208.07 505.45 Td (and ) Tj ET Q q 0 0 0 rg BT 225.58 505.45 Td (the ) Tj ET Q q 0 0 0 rg BT 240.60 505.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 269.60 505.45 Td (of ) Tj ET Q q 0 0 0 rg BT 279.61 505.45 Td (the ) Tj ET Q q 0 0 0 rg BT 294.62 505.45 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 314.63 505.45 Td (court ) Tj ET Q q 0 0 0 rg BT 337.14 505.45 Td (ruling ) Tj ET Q q 0 0 0 rg BT 361.65 505.45 Td (on ) Tj ET Q q 0 0 0 rg BT 374.16 505.45 Td (pensionable ) Tj ET Q q 0 0 0 rg BT 425.20 505.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 463.21 505.45 Td (both ) Tj ET Q q 0 0 0 rg BT 483.23 505.45 Td (in ) Tj ET Q q 0 0 0 rg BT 492.73 505.45 Td (the ) Tj ET Q q 0 0 0 rg BT 507.74 505.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 528.25 505.45 Td (year) Tj ET Q q 0 0 0 rg BT 545.26 505.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 476.95 Td (3.6.6. ) Tj ET Q q 0 0 0 rg BT 98.52 476.95 Td (Central ) Tj ET Q q 0 0 0 rg BT 132.03 476.95 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 476.95 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 186.04 476.95 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 457.45 Td (For ) Tj ET Q q 0 0 0 rg BT 88.10 457.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.21 457.45 Td (year ) Tj ET Q q 0 0 0 rg BT 123.32 457.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.94 457.45 Td (September ) Tj ET Q q 0 0 0 rg BT 197.57 457.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.68 457.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.70 457.45 Td (, ) Tj ET Q q 0 0 0 rg BT 237.80 457.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 274.43 457.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 294.27 457.45 Td ( ) Tj ET Q q 0 0 0 rg BT 296.87 457.45 Td (in ) Tj ET Q q 0 0 0 rg BT 306.47 457.45 Td (the ) Tj ET Q q 0 0 0 rg BT 321.58 457.45 Td (Central ) Tj ET Q q 0 0 0 rg BT 353.20 457.45 Td (and ) Tj ET Q q 0 0 0 rg BT 370.81 457.45 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 404.43 457.45 Td (Europe ) Tj ET Q q 0 0 0 rg BT 436.05 457.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 473.17 457.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.77 457.45 Td ($122.5 ) Tj ET Q q 0 0 0 rg BT 521.90 457.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.40 457.45 Td (, ) Tj ET Q q 0 0 0 rg BT 552.50 457.45 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 443.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 108.33 443.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 118.14 443.95 Td ($22.3 ) Tj ET Q q 0 0 0 rg BT 142.97 443.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.48 443.95 Td ( ) Tj ET Q q 0 0 0 rg BT 170.79 443.95 Td (when ) Tj ET Q q 0 0 0 rg BT 194.61 443.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 236.94 443.95 Td (to ) Tj ET Q q 0 0 0 rg BT 246.75 443.95 Td (the ) Tj ET Q q 0 0 0 rg BT 261.57 443.95 Td (same ) Tj ET Q q 0 0 0 rg BT 285.89 443.95 Td (period ) Tj ET Q q 0 0 0 rg BT 313.22 443.95 Td (last ) Tj ET Q q 0 0 0 rg BT 329.53 443.95 Td (year) Tj ET Q q 0 0 0 rg BT 346.54 443.95 Td (. ) Tj ET Q q 0 0 0 rg BT 350.89 443.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 388.23 443.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 408.07 443.95 Td ( ) Tj ET Q q 0 0 0 rg BT 410.38 443.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 440.19 443.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 481.53 443.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.34 443.95 Td (10.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.86 443.95 Td ( ) Tj ET Q q 0 0 0 rg BT 519.17 443.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.48 443.95 Td (8.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.99 443.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 430.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.52 430.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 127.55 430.45 Td (in ) Tj ET Q q 0 0 0 rg BT 137.56 430.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 174.60 430.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 194.44 430.45 Td ( ) Tj ET Q q 0 0 0 rg BT 197.45 430.45 Td (was ) Tj ET Q q 0 0 0 rg BT 216.46 430.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 243.99 430.45 Td (by ) Tj ET Q q 0 0 0 rg BT 256.50 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 272.02 430.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 306.55 430.45 Td (of ) Tj ET Q q 0 0 0 rg BT 317.07 430.45 Td (synergies ) Tj ET Q q 0 0 0 rg BT 358.60 430.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 397.63 430.45 Td (through ) Tj ET Q q 0 0 0 rg BT 431.17 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 430.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 491.73 430.45 Td (of ) Tj ET Q q 0 0 0 rg BT 502.24 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 430.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 538.78 430.45 Td (year's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 416.95 Td (business ) Tj ET Q q 0 0 0 rg BT 109.61 416.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 158.72 416.95 Td (and ) Tj ET Q q 0 0 0 rg BT 175.82 416.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 199.42 416.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 252.03 416.95 Td (based ) Tj ET Q q 0 0 0 rg BT 278.63 416.95 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 339.12 416.95 Td (This ) Tj ET Q q 0 0 0 rg BT 358.21 416.95 Td (was ) Tj ET Q q 0 0 0 rg BT 376.30 416.95 Td (in ) Tj ET Q q 0 0 0 rg BT 385.39 416.95 Td (part ) Tj ET Q q 0 0 0 rg BT 402.99 416.95 Td (of) Tj ET Q q 0 0 0 rg BT 410.33 416.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 426.92 416.95 Td (by ) Tj ET Q q 0 0 0 rg BT 438.51 416.95 Td (the ) Tj ET Q q 0 0 0 rg BT 453.11 416.95 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 494.72 416.95 Td (of ) Tj ET Q q 0 0 0 rg BT 504.31 416.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 540.91 416.95 Td (in ) Tj ET Q q 0 0 0 rg BT 550.00 416.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 403.45 Td (MRD ) Tj ET Q q 0 0 0 rg BT 95.00 403.45 Td (vertical ) Tj ET Q q 0 0 0 rg BT 126.00 403.45 Td (market, ) Tj ET Q q 0 0 0 rg BT 158.51 403.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 187.01 403.45 Td (related ) Tj ET Q q 0 0 0 rg BT 217.03 403.45 Td (to ) Tj ET Q q 0 0 0 rg BT 227.04 403.45 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 374.95 Td (3.6.7. ) Tj ET Q q 0 0 0 rg BT 98.52 374.95 Td (Scandinavia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 355.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.99 355.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.00 355.45 Td (year ) Tj ET Q q 0 0 0 rg BT 123.00 355.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.52 355.45 Td (September ) Tj ET Q q 0 0 0 rg BT 197.04 355.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.04 355.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.06 355.45 Td (, ) Tj ET Q q 0 0 0 rg BT 237.06 355.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 273.58 355.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 293.42 355.45 Td ( ) Tj ET Q q 0 0 0 rg BT 295.91 355.45 Td (in ) Tj ET Q q 0 0 0 rg BT 305.41 355.45 Td (the ) Tj ET Q q 0 0 0 rg BT 320.41 355.45 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 371.94 355.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 408.95 355.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.45 355.45 Td ($57.2 ) Tj ET Q q 0 0 0 rg BT 452.47 355.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.97 355.45 Td (, ) Tj ET Q q 0 0 0 rg BT 482.96 355.45 Td (a ) Tj ET Q q 0 0 0 rg BT 490.46 355.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 529.98 355.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.98 355.45 Td ($19.4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 341.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 341.95 Td ( ) Tj ET Q q 0 0 0 rg BT 100.57 341.95 Td (when ) Tj ET Q q 0 0 0 rg BT 125.15 341.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 168.24 341.95 Td (to ) Tj ET Q q 0 0 0 rg BT 178.81 341.95 Td (the ) Tj ET Q q 0 0 0 rg BT 194.38 341.95 Td (same ) Tj ET Q q 0 0 0 rg BT 219.45 341.95 Td (period ) Tj ET Q q 0 0 0 rg BT 247.54 341.95 Td (last ) Tj ET Q q 0 0 0 rg BT 264.61 341.95 Td (year) Tj ET Q q 0 0 0 rg BT 281.62 341.95 Td (. ) Tj ET Q q 0 0 0 rg BT 286.57 341.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 324.66 341.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 344.50 341.95 Td ( ) Tj ET Q q 0 0 0 rg BT 347.57 341.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 378.14 341.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 423.24 341.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.81 341.95 Td (5.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.32 341.95 Td ( ) Tj ET Q q 0 0 0 rg BT 457.39 341.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.45 341.95 Td (7.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.96 341.95 Td (. ) Tj ET Q q 0 0 0 rg BT 504.33 341.95 Td (The ) Tj ET Q q 0 0 0 rg BT 522.90 341.95 Td (change ) Tj ET Q q 0 0 0 rg BT 555.49 341.95 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 328.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 107.68 328.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 127.52 328.45 Td ( ) Tj ET Q q 0 0 0 rg BT 129.18 328.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 158.35 328.45 Td (was ) Tj ET Q q 0 0 0 rg BT 176.01 328.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 203.67 328.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 229.84 328.45 Td (by ) Tj ET Q q 0 0 0 rg BT 241.00 328.45 Td (a ) Tj ET Q q 0 0 0 rg BT 247.67 328.45 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 288.84 328.45 Td (of ) Tj ET Q q 0 0 0 rg BT 298.01 328.45 Td (activities, ) Tj ET Q q 0 0 0 rg BT 336.67 328.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 364.33 328.45 Td (related ) Tj ET Q q 0 0 0 rg BT 393.51 328.45 Td (to ) Tj ET Q q 0 0 0 rg BT 402.67 328.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 448.34 328.45 Td (the ) Tj ET Q q 0 0 0 rg BT 462.51 328.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 490.67 328.45 Td (of ) Tj ET Q q 0 0 0 rg BT 499.83 328.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 529.50 328.45 Td (capacity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 314.95 Td (in ) Tj ET Q q 0 0 0 rg BT 81.79 314.95 Td (our ) Tj ET Q q 0 0 0 rg BT 97.57 314.95 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 134.37 314.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 189.67 314.95 Td (business ) Tj ET Q q 0 0 0 rg BT 227.97 314.95 Td (and ) Tj ET Q q 0 0 0 rg BT 245.77 314.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 287.08 314.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.87 314.95 Td (related ) Tj ET Q q 0 0 0 rg BT 341.17 314.95 Td (to ) Tj ET Q q 0 0 0 rg BT 351.45 314.95 Td (the ) Tj ET Q q 0 0 0 rg BT 366.74 314.95 Td (ramp ) Tj ET Q q 0 0 0 rg BT 390.03 314.95 Td (up ) Tj ET Q q 0 0 0 rg BT 402.82 314.95 Td (of ) Tj ET Q q 0 0 0 rg BT 413.10 314.95 Td (new ) Tj ET Q q 0 0 0 rg BT 432.40 314.95 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 474.01 314.95 Td (This ) Tj ET Q q 0 0 0 rg BT 493.79 314.95 Td (was ) Tj ET Q q 0 0 0 rg BT 512.58 314.95 Td (in ) Tj ET Q q 0 0 0 rg BT 522.36 314.95 Td (part ) Tj ET Q q 0 0 0 rg BT 540.65 314.95 Td (of) Tj ET Q q 0 0 0 rg BT 547.99 314.95 Td (fset ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 301.45 Td (by ) Tj ET Q q 0 0 0 rg BT 84.01 301.45 Td (the ) Tj ET Q q 0 0 0 rg BT 99.02 301.45 Td (savings ) Tj ET Q q 0 0 0 rg BT 132.03 301.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 175.07 301.45 Td (from ) Tj ET Q q 0 0 0 rg BT 195.57 301.45 Td (the ) Tj ET Q q 0 0 0 rg BT 210.58 301.45 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 266.60 301.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 287.12 301.45 Td (\(see ) Tj ET Q q 0 0 0 rg BT 307.13 301.45 Td (section ) Tj ET Q q 0 0 0 rg BT 338.14 301.45 Td (3.7.2. ) Tj ET Q q 0 0 0 rg BT 363.16 301.45 Td (of ) Tj ET Q q 0 0 0 rg BT 373.17 301.45 Td (the ) Tj ET Q q 0 0 0 rg BT 388.18 301.45 Td (present ) Tj ET Q q 0 0 0 rg BT 420.70 301.45 Td (document\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 272.95 Td (3.6.8. ) Tj ET Q q 0 0 0 rg BT 99.02 272.95 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 136.02 272.95 Td (Poland ) Tj ET Q q 0 0 0 rg BT 168.52 272.95 Td (and ) Tj ET Q q 0 0 0 rg BT 187.02 272.95 Td (Baltics) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 253.45 Td (For ) Tj ET Q q 0 0 0 rg BT 88.78 253.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 104.08 253.45 Td (year ) Tj ET Q q 0 0 0 rg BT 124.37 253.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 152.18 253.45 Td (September ) Tj ET Q q 0 0 0 rg BT 198.99 253.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 214.28 253.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.31 253.45 Td ( ) Tj ET Q q 0 0 0 rg BT 237.09 253.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 273.90 253.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 293.74 253.45 Td ( ) Tj ET Q q 0 0 0 rg BT 296.52 253.45 Td (in ) Tj ET Q q 0 0 0 rg BT 306.31 253.45 Td (our ) Tj ET Q q 0 0 0 rg BT 322.10 253.45 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 356.91 253.45 Td (Poland ) Tj ET Q q 0 0 0 rg BT 387.71 253.45 Td (and ) Tj ET Q q 0 0 0 rg BT 405.51 253.45 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 434.81 253.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 472.11 253.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.90 253.45 Td ($121.0 ) Tj ET Q q 0 0 0 rg BT 521.21 253.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.71 253.45 Td (, ) Tj ET Q q 0 0 0 rg BT 552.00 253.45 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 239.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 108.77 239.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 118.54 239.95 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 138.31 239.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.82 239.95 Td (, ) Tj ET Q q 0 0 0 rg BT 168.57 239.95 Td (when ) Tj ET Q q 0 0 0 rg BT 192.34 239.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 234.62 239.95 Td (to ) Tj ET Q q 0 0 0 rg BT 244.38 239.95 Td (the ) Tj ET Q q 0 0 0 rg BT 259.15 239.95 Td (same ) Tj ET Q q 0 0 0 rg BT 283.42 239.95 Td (period ) Tj ET Q q 0 0 0 rg BT 310.69 239.95 Td (last ) Tj ET Q q 0 0 0 rg BT 326.95 239.95 Td (year) Tj ET Q q 0 0 0 rg BT 343.96 239.95 Td (. ) Tj ET Q q 0 0 0 rg BT 348.27 239.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 385.55 239.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 405.39 239.95 Td ( ) Tj ET Q q 0 0 0 rg BT 407.65 239.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 437.42 239.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 478.70 239.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.46 239.95 Td (15.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.98 239.95 Td ( ) Tj ET Q q 0 0 0 rg BT 516.23 239.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.49 239.95 Td (15.1%) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 226.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 100.19 226.45 Td (due ) Tj ET Q q 0 0 0 rg BT 116.89 226.45 Td (to ) Tj ET Q q 0 0 0 rg BT 126.07 226.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 149.26 226.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 201.96 226.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 242.17 226.45 Td (and ) Tj ET Q q 0 0 0 rg BT 258.87 226.45 Td (the ) Tj ET Q q 0 0 0 rg BT 273.06 226.45 Td (temporary ) Tj ET Q q 0 0 0 rg BT 315.25 226.45 Td (payroll ) Tj ET Q q 0 0 0 rg BT 343.45 226.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.13 226.45 Td (relief, ) Tj ET Q q 0 0 0 rg BT 380.82 226.45 Td (both ) Tj ET Q q 0 0 0 rg BT 400.02 226.45 Td (due ) Tj ET Q q 0 0 0 rg BT 416.72 226.45 Td (to ) Tj ET Q q 0 0 0 rg BT 425.91 226.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 471.60 226.45 Td (and ) Tj ET Q q 0 0 0 rg BT 488.29 226.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 511.48 226.45 Td (performance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 212.95 Td (based ) Tj ET Q q 0 0 0 rg BT 99.52 212.95 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 160.40 212.95 Td (This ) Tj ET Q q 0 0 0 rg BT 179.90 212.95 Td (was ) Tj ET Q q 0 0 0 rg BT 198.40 212.95 Td (in ) Tj ET Q q 0 0 0 rg BT 207.91 212.95 Td (part ) Tj ET Q q 0 0 0 rg BT 225.92 212.95 Td (of) Tj ET Q q 0 0 0 rg BT 233.26 212.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 250.27 212.95 Td (by ) Tj ET Q q 0 0 0 rg BT 262.27 212.95 Td (the ) Tj ET Q q 0 0 0 rg BT 277.29 212.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 306.29 212.95 Td (of ) Tj ET Q q 0 0 0 rg BT 316.30 212.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 340.31 212.95 Td (work ) Tj ET Q q 0 0 0 rg BT 361.81 212.95 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 400.32 212.95 Td (also ) Tj ET Q q 0 0 0 rg BT 419.33 212.95 Td (in ) Tj ET Q q 0 0 0 rg BT 428.84 212.95 Td (part ) Tj ET Q q 0 0 0 rg BT 446.85 212.95 Td (due ) Tj ET Q q 0 0 0 rg BT 464.36 212.95 Td (to ) Tj ET Q q 0 0 0 rg BT 474.37 212.95 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 184.45 Td (3.6.9. ) Tj ET Q q 0 0 0 rg BT 98.18 184.45 Td (Asia ) Tj ET Q q 0 0 0 rg BT 119.70 184.45 Td (Pacific) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 164.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.79 164.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.59 164.95 Td (year ) Tj ET Q q 0 0 0 rg BT 122.39 164.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.71 164.95 Td (September ) Tj ET Q q 0 0 0 rg BT 196.03 164.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.83 164.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.85 164.95 Td (, ) Tj ET Q q 0 0 0 rg BT 235.64 164.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 271.96 164.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 291.80 164.95 Td ( ) Tj ET Q q 0 0 0 rg BT 294.10 164.95 Td (in ) Tj ET Q q 0 0 0 rg BT 303.39 164.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.74 164.95 Td (Asia ) Tj ET Q q 0 0 0 rg BT 337.54 164.95 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 366.34 164.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 403.15 164.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.44 164.95 Td ($200.3 ) Tj ET Q q 0 0 0 rg BT 451.26 164.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.77 164.95 Td (, ) Tj ET Q q 0 0 0 rg BT 481.56 164.95 Td (an ) Tj ET Q q 0 0 0 rg BT 493.86 164.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 530.17 164.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.97 164.95 Td ($54.1 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 151.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 151.45 Td ( ) Tj ET Q q 0 0 0 rg BT 99.96 151.45 Td (when ) Tj ET Q q 0 0 0 rg BT 123.92 151.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 166.40 151.45 Td (to ) Tj ET Q q 0 0 0 rg BT 176.35 151.45 Td (the ) Tj ET Q q 0 0 0 rg BT 191.32 151.45 Td (same ) Tj ET Q q 0 0 0 rg BT 215.78 151.45 Td (period ) Tj ET Q q 0 0 0 rg BT 243.25 151.45 Td (last ) Tj ET Q q 0 0 0 rg BT 259.70 151.45 Td (year) Tj ET Q q 0 0 0 rg BT 276.72 151.45 Td (. ) Tj ET Q q 0 0 0 rg BT 281.18 151.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 318.66 151.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 338.50 151.45 Td ( ) Tj ET Q q 0 0 0 rg BT 340.95 151.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 370.91 151.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 412.39 151.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.34 151.45 Td (29.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.86 151.45 Td ( ) Tj ET Q q 0 0 0 rg BT 450.31 151.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.77 151.45 Td (24.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.29 151.45 Td (. ) Tj ET Q q 0 0 0 rg BT 501.08 151.45 Td (The ) Tj ET Q q 0 0 0 rg BT 519.04 151.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 555.51 151.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 137.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 108.99 137.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 128.83 137.95 Td ( ) Tj ET Q q 0 0 0 rg BT 131.79 137.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 162.26 137.95 Td (was ) Tj ET Q q 0 0 0 rg BT 181.23 137.95 Td (mostly ) Tj ET Q q 0 0 0 rg BT 210.19 137.95 Td (due ) Tj ET Q q 0 0 0 rg BT 228.17 137.95 Td (to ) Tj ET Q q 0 0 0 rg BT 238.64 137.95 Td (automation ) Tj ET Q q 0 0 0 rg BT 286.13 137.95 Td (and ) Tj ET Q q 0 0 0 rg BT 304.11 137.95 Td (other ) Tj ET Q q 0 0 0 rg BT 327.59 137.95 Td (productivity ) Tj ET Q q 0 0 0 rg BT 376.07 137.95 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 438.05 137.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.51 137.95 Td (reduction ) Tj ET Q q 0 0 0 rg BT 497.50 137.95 Td (in ) Tj ET Q q 0 0 0 rg BT 507.47 137.95 Td (transportation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 124.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.07 124.45 Td (facilities ) Tj ET Q q 0 0 0 rg BT 123.14 124.45 Td (due ) Tj ET Q q 0 0 0 rg BT 140.22 124.45 Td (to ) Tj ET Q q 0 0 0 rg BT 149.78 124.45 Td (the ) Tj ET Q q 0 0 0 rg BT 164.35 124.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 207.92 124.45 Td (shutdown, ) Tj ET Q q 0 0 0 rg BT 251.01 124.45 Td (the ) Tj ET Q q 0 0 0 rg BT 265.58 124.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 294.14 124.45 Td (of ) Tj ET Q q 0 0 0 rg BT 303.71 124.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.28 124.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 354.87 124.45 Td (of ) Tj ET Q q 0 0 0 rg BT 364.43 124.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 386.99 124.45 Td (16 ) Tj ET Q q 0 0 0 rg BT 399.06 124.45 Td (and ) Tj ET Q q 0 0 0 rg BT 416.14 124.45 Td (the ) Tj ET Q q 0 0 0 rg BT 430.71 124.45 Td (favourable ) Tj ET Q q 0 0 0 rg BT 474.79 124.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 503.36 124.45 Td (of ) Tj ET Q q 0 0 0 rg BT 512.92 124.45 Td (our ) Tj ET Q q 0 0 0 rg BT 527.99 124.45 Td (currency ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 110.95 Td (forward ) Tj ET Q q 0 0 0 rg BT 104.51 110.95 Td (contracts.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 91.01 708.95 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 141.02 708.95 Td (BEFORE ) Tj ET Q q 0 0 0 rg BT 181.02 708.95 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 219.52 708.95 Td (T) Tj ET Q q 0 0 0 rg BT 224.35 708.95 Td (AXES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.68 689.45 Td (following ) Tj ET Q q 0 0 0 rg BT 126.87 689.45 Td (table ) Tj ET Q q 0 0 0 rg BT 148.56 689.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 184.75 689.45 Td (a ) Tj ET Q q 0 0 0 rg BT 191.92 689.45 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 246.62 689.45 Td (between ) Tj ET Q q 0 0 0 rg BT 282.82 689.45 Td (our ) Tj ET Q q 0 0 0 rg BT 298.00 689.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 334.20 689.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 354.04 689.45 Td ( ) Tj ET Q q 0 0 0 rg BT 356.21 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 373.39 689.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 410.09 689.45 Td (before ) Tj ET Q q 0 0 0 rg BT 437.78 689.45 Td (income ) Tj ET Q q 0 0 0 rg BT 468.96 689.45 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 495.15 689.45 Td (which ) Tj ET Q q 0 0 0 rg BT 520.33 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 529.00 689.45 Td (reported ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (in ) Tj ET Q q 0 0 0 rg BT 81.51 675.95 Td (accordance ) Tj ET Q q 0 0 0 rg BT 130.54 675.95 Td (with ) Tj ET Q q 0 0 0 rg BT 149.04 675.95 Td (IFRS:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 659.45 184.00 -34.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 256.50 659.45 204.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 460.50 659.45 102.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 256.50 646.45 51.00 -21.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 307.50 646.45 51.00 -21.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 358.50 646.45 51.00 -21.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 409.50 646.45 51.00 -21.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 460.50 646.45 51.00 -21.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 511.50 646.45 51.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 625.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 625.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 611.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 611.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 597.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 597.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 583.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 583.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 569.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 569.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 256.50 555.45 51.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 307.50 555.45 51.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 541.45 184.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 256.50 541.45 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 307.50 541.45 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 358.50 541.45 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 409.50 541.45 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 460.50 541.45 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 511.50 541.45 51.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 659.45 m 256.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 659.45 m 307.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 659.45 m 358.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 659.45 m 409.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 659.45 m 460.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 659.45 m 511.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 659.45 m 562.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 528.45 m 256.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 528.45 m 307.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 528.45 m 358.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 528.45 m 409.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 528.45 m 460.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 528.45 m 511.5 528.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 528.45 m 562.5 528.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 640.43 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 502.00 650.68 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 280.20 629.68 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 332.10 637.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 315.65 629.68 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 382.20 629.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 434.10 637.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 417.65 629.68 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 490.00 629.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 541.00 629.68 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 615.40 Td (In thousands of CAD except for percentage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 603.13 Td (Adjusted EBIT) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 262.70 601.68 Td (1,862,946) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.25 601.73 Td (15.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.85 601.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.70 601.73 Td (1,824,995) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 601.68 Td (15.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.20 601.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 479.30 601.68 Td (37,951) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 602.43 Td (2.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 602.43 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 589.13 Td (Minus the following items:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 574.43 Td (Acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 573.68 Td (76,794) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.70 573.68 Td (0.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.85 573.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.80 573.73 Td (77,417) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.05 573.68 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.20 573.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.80 573.73 Td (\(623) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.85 573.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 573.68 Td (\(0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 573.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 560.43 Td (Restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.35 559.68 Td (155,41) Tj ET Q q 0 0 0 rg BT 293.82 559.68 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.70 559.68 Td (1.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.85 559.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.25 559.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 559.68 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.90 559.68 Td (155,41) Tj ET Q q 0 0 0 rg BT 499.37 559.68 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.00 559.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 547.13 Td (Net finance costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.35 545.68 Td (1) Tj ET Q q 0 0 0 rg BT 273.80 545.68 Td (14,474) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.70 546.43 Td (0.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.85 546.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.80 545.73 Td (70,630) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.05 545.68 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.20 545.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 479.30 545.68 Td (43,844) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 546.48 Td (62.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 546.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 532.93 Td (Earnings before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 262.70 532.93 Td (1,516,267) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.25 532.98 Td (12.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.85 532.93 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.70 532.98 Td (1,676,948) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 532.93 Td (13.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.20 532.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 532.98 Td (\(160,681) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.85 532.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 532.68 Td (\(9.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 532.68 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 497.45 Td (3.7.1. ) Tj ET Q q 0 0 0 rg BT 98.68 497.45 Td (Acquisition-Related ) Tj ET Q q 0 0 0 rg BT 185.69 497.45 Td (and ) Tj ET Q q 0 0 0 rg BT 204.19 497.45 Td (Integration ) Tj ET Q q 0 0 0 rg BT 253.19 497.45 Td (Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 477.95 Td (For ) Tj ET Q q 0 0 0 rg BT 88.73 477.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.98 477.95 Td (year ) Tj ET Q q 0 0 0 rg BT 124.22 477.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.98 477.95 Td (September ) Tj ET Q q 0 0 0 rg BT 198.74 477.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 213.98 477.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.01 477.95 Td (, ) Tj ET Q q 0 0 0 rg BT 239.24 477.95 Td (the ) Tj ET Q q 0 0 0 rg BT 254.49 477.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 295.74 477.95 Td (incurred ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.99 477.95 Td ($76.8 ) Tj ET Q q 0 0 0 rg BT 356.24 477.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.75 477.95 Td (, ) Tj ET Q q 0 0 0 rg BT 386.98 477.95 Td (for ) Tj ET Q q 0 0 0 rg BT 400.22 477.95 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 476.00 477.95 Td (and ) Tj ET Q q 0 0 0 rg BT 493.75 477.95 Td (integration ) Tj ET Q q 0 0 0 rg BT 538.51 477.95 Td (costs, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 464.45 Td (acquisitions' ) Tj ET Q q 0 0 0 rg BT 124.06 464.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 168.90 464.45 Td (towards ) Tj ET Q q 0 0 0 rg BT 203.23 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 218.56 464.45 Td (CGI ) Tj ET Q q 0 0 0 rg BT 237.38 464.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 277.72 464.45 Td (model. ) Tj ET Q q 0 0 0 rg BT 307.37 464.45 Td (These ) Tj ET Q q 0 0 0 rg BT 335.19 464.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 359.02 464.45 Td (were ) Tj ET Q q 0 0 0 rg BT 381.34 464.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 410.16 464.45 Td (related ) Tj ET Q q 0 0 0 rg BT 440.50 464.45 Td (to ) Tj ET Q q 0 0 0 rg BT 450.82 464.45 Td (terminations ) Tj ET Q q 0 0 0 rg BT 502.65 464.45 Td (of ) Tj ET Q q 0 0 0 rg BT 512.97 464.45 Td (employment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 450.95 Td (and ) Tj ET Q q 0 0 0 rg BT 90.02 450.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 141.05 450.95 Td (fees.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 425.45 Td (3.7.2. ) Tj ET Q q 0 0 0 rg BT 99.02 425.45 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 160.52 425.45 Td (Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 405.95 Td (During ) Tj ET Q q 0 0 0 rg BT 100.38 405.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 114.26 405.95 Td (year ) Tj ET Q q 0 0 0 rg BT 133.14 405.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.54 405.95 Td (September ) Tj ET Q q 0 0 0 rg BT 204.93 405.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 218.81 405.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 238.84 405.95 Td (, ) Tj ET Q q 0 0 0 rg BT 242.71 405.95 Td (the ) Tj ET Q q 0 0 0 rg BT 256.59 405.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.48 405.95 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 332.86 405.95 Td (as ) Tj ET Q q 0 0 0 rg BT 343.74 405.95 Td (part ) Tj ET Q q 0 0 0 rg BT 360.62 405.95 Td (of ) Tj ET Q q 0 0 0 rg BT 369.49 405.95 Td (its ) Tj ET Q q 0 0 0 rg BT 379.86 405.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 397.74 405.95 Td (reduction ) Tj ET Q q 0 0 0 rg BT 436.13 405.95 Td (ef) Tj ET Q q 0 0 0 rg BT 443.48 405.95 Td (forts ) Tj ET Q q 0 0 0 rg BT 462.35 405.95 Td (in ) Tj ET Q q 0 0 0 rg BT 470.72 405.95 Td (response ) Tj ET Q q 0 0 0 rg BT 509.12 405.95 Td (to ) Tj ET Q q 0 0 0 rg BT 517.99 405.95 Td (COVID-19, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 392.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 124.24 392.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 146.97 392.45 Td (related ) Tj ET Q q 0 0 0 rg BT 176.21 392.45 Td (to ) Tj ET Q q 0 0 0 rg BT 185.44 392.45 Td (terminations ) Tj ET Q q 0 0 0 rg BT 236.18 392.45 Td (of ) Tj ET Q q 0 0 0 rg BT 245.41 392.45 Td (employment, ) Tj ET Q q 0 0 0 rg BT 298.66 392.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 334.38 392.45 Td (in ) Tj ET Q q 0 0 0 rg BT 343.11 392.45 Td (France, ) Tj ET Q q 0 0 0 rg BT 375.34 392.45 Td (Canada ) Tj ET Q q 0 0 0 rg BT 408.59 392.45 Td (and ) Tj ET Q q 0 0 0 rg BT 425.33 392.45 Td (Germany) Tj ET Q q 0 0 0 rg BT 461.67 392.45 Td (. ) Tj ET Q q 0 0 0 rg BT 465.78 392.45 Td (The ) Tj ET Q q 0 0 0 rg BT 483.01 392.45 Td (initiative ) Tj ET Q q 0 0 0 rg BT 517.25 392.45 Td (is ) Tj ET Q q 0 0 0 rg BT 525.47 392.45 Td (expected ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 378.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.51 378.95 Td (help ) Tj ET Q q 0 0 0 rg BT 102.02 378.95 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 136.04 378.95 Td (the ) Tj ET Q q 0 0 0 rg BT 151.05 378.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 185.57 378.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 219.08 378.95 Td (of ) Tj ET Q q 0 0 0 rg BT 229.08 378.95 Td (COVID-19.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 359.45 Td (During ) Tj ET Q q 0 0 0 rg BT 102.28 359.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 118.05 359.45 Td (year ) Tj ET Q q 0 0 0 rg BT 138.82 359.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 167.11 359.45 Td (September ) Tj ET Q q 0 0 0 rg BT 214.40 359.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 230.18 359.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.20 359.45 Td (, ) Tj ET Q q 0 0 0 rg BT 255.96 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.74 359.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.52 359.45 Td (also ) Tj ET Q q 0 0 0 rg BT 333.29 359.45 Td (announced ) Tj ET Q q 0 0 0 rg BT 381.10 359.45 Td (a ) Tj ET Q q 0 0 0 rg BT 389.37 359.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 442.65 359.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 462.93 359.45 Td (\(the ) Tj ET Q q 0 0 0 rg BT 481.70 359.45 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 538.49 359.45 Td (Plan\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 345.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 99.99 345.95 Td (for ) Tj ET Q q 0 0 0 rg BT 111.98 345.95 Td (the ) Tj ET Q q 0 0 0 rg BT 125.98 345.95 Td (closure ) Tj ET Q q 0 0 0 rg BT 156.48 345.95 Td (of ) Tj ET Q q 0 0 0 rg BT 165.47 345.95 Td (our ) Tj ET Q q 0 0 0 rg BT 179.96 345.95 Td (Brazil ) Tj ET Q q 0 0 0 rg BT 203.95 345.95 Td (operations, ) Tj ET Q q 0 0 0 rg BT 249.97 345.95 Td (the ) Tj ET Q q 0 0 0 rg BT 263.97 345.95 Td (refocusing ) Tj ET Q q 0 0 0 rg BT 306.98 345.95 Td (of ) Tj ET Q q 0 0 0 rg BT 315.97 345.95 Td (the ) Tj ET Q q 0 0 0 rg BT 329.96 345.95 Td (Portugal ) Tj ET Q q 0 0 0 rg BT 364.97 345.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 418.98 345.95 Td (business ) Tj ET Q q 0 0 0 rg BT 455.98 345.95 Td (towards ) Tj ET Q q 0 0 0 rg BT 488.98 345.95 Td (nearshore ) Tj ET Q q 0 0 0 rg BT 530.99 345.95 Td (delivery ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 332.45 Td (and ) Tj ET Q q 0 0 0 rg BT 90.64 332.45 Td (the ) Tj ET Q q 0 0 0 rg BT 106.28 332.45 Td (optimization ) Tj ET Q q 0 0 0 rg BT 157.43 332.45 Td (of ) Tj ET Q q 0 0 0 rg BT 168.07 332.45 Td (the ) Tj ET Q q 0 0 0 rg BT 183.71 332.45 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 219.36 332.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 275.01 332.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 315.95 332.45 Td (These ) Tj ET Q q 0 0 0 rg BT 344.09 332.45 Td (actions ) Tj ET Q q 0 0 0 rg BT 375.74 332.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 419.40 332.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 454.05 332.45 Td (throughout ) Tj ET Q q 0 0 0 rg BT 500.21 332.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 526.84 332.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 552.49 332.45 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 318.95 Td (discussed ) Tj ET Q q 0 0 0 rg BT 115.02 318.95 Td (in ) Tj ET Q q 0 0 0 rg BT 124.53 318.95 Td (section ) Tj ET Q q 0 0 0 rg BT 155.54 318.95 Td (3.6. ) Tj ET Q q 0 0 0 rg BT 173.06 318.95 Td (of ) Tj ET Q q 0 0 0 rg BT 183.06 318.95 Td (the ) Tj ET Q q 0 0 0 rg BT 198.07 318.95 Td (present ) Tj ET Q q 0 0 0 rg BT 230.59 318.95 Td (document.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 299.45 Td (As ) Tj ET Q q 0 0 0 rg BT 85.50 299.45 Td (a ) Tj ET Q q 0 0 0 rg BT 93.01 299.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 120.02 299.45 Td (a ) Tj ET Q q 0 0 0 rg BT 127.52 299.45 Td (total ) Tj ET Q q 0 0 0 rg BT 147.04 299.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 157.04 299.45 Td ($155.4 ) Tj ET Q q 0 0 0 rg BT 187.07 299.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.58 299.45 Td ( ) Tj ET Q q 0 0 0 rg BT 215.08 299.45 Td (was ) Tj ET Q q 0 0 0 rg BT 233.58 299.45 Td (expensed ) Tj ET Q q 0 0 0 rg BT 275.11 299.45 Td (during ) Tj ET Q q 0 0 0 rg BT 302.63 299.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.64 299.45 Td (year ) Tj ET Q q 0 0 0 rg BT 337.65 299.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.18 299.45 Td (September ) Tj ET Q q 0 0 0 rg BT 411.71 299.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 426.72 299.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.74 299.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 270.95 Td (3.7.3. ) Tj ET Q q 0 0 0 rg BT 99.02 270.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 116.02 270.95 Td (Finance ) Tj ET Q q 0 0 0 rg BT 152.53 270.95 Td (Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 251.45 Td (Net ) Tj ET Q q 0 0 0 rg BT 88.84 251.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 120.20 251.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 143.54 251.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 171.89 251.45 Td (include ) Tj ET Q q 0 0 0 rg BT 202.74 251.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.60 251.45 Td (on ) Tj ET Q q 0 0 0 rg BT 246.94 251.45 Td (our ) Tj ET Q q 0 0 0 rg BT 262.29 251.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 302.64 251.45 Td (debt. ) Tj ET Q q 0 0 0 rg BT 324.99 251.45 Td (For ) Tj ET Q q 0 0 0 rg BT 340.83 251.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.68 251.45 Td (year ) Tj ET Q q 0 0 0 rg BT 375.52 251.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 402.88 251.45 Td (September ) Tj ET Q q 0 0 0 rg BT 449.25 251.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 464.09 251.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.12 251.45 Td (, ) Tj ET Q q 0 0 0 rg BT 488.95 251.45 Td (the ) Tj ET Q q 0 0 0 rg BT 503.80 251.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 540.16 251.45 Td (in ) Tj ET Q q 0 0 0 rg BT 549.50 251.45 Td (net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 237.95 Td (finance ) Tj ET Q q 0 0 0 rg BT 103.83 237.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.15 237.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.97 237.95 Td ($43.8 ) Tj ET Q q 0 0 0 rg BT 161.80 237.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.31 237.95 Td ( ) Tj ET Q q 0 0 0 rg BT 189.62 237.95 Td (was ) Tj ET Q q 0 0 0 rg BT 207.93 237.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 236.25 237.95 Td (due ) Tj ET Q q 0 0 0 rg BT 253.58 237.95 Td (to ) Tj ET Q q 0 0 0 rg BT 263.39 237.95 Td (the ) Tj ET Q q 0 0 0 rg BT 278.22 237.95 Td (recognition ) Tj ET Q q 0 0 0 rg BT 324.56 237.95 Td (of ) Tj ET Q q 0 0 0 rg BT 334.37 237.95 Td ($32.0 ) Tj ET Q q 0 0 0 rg BT 359.21 237.95 Td (million ) Tj ET Q q 0 0 0 rg BT 387.02 237.95 Td (of ) Tj ET Q q 0 0 0 rg BT 396.84 237.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 428.66 237.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 465.00 237.95 Td (on ) Tj ET Q q 0 0 0 rg BT 477.32 237.95 Td (leases ) Tj ET Q q 0 0 0 rg BT 505.65 237.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 541.98 237.95 Td (upon ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 224.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 109.53 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 119.54 224.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 142.54 224.45 Td (16 ) Tj ET Q q 0 0 0 rg BT 155.05 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 172.57 224.45 Td (our ) Tj ET Q q 0 0 0 rg BT 188.08 224.45 Td (2020 ) Tj ET Q q 0 0 0 rg BT 210.44 224.45 Td (T) Tj ET Q q 0 0 0 rg BT 214.94 224.45 Td (erm ) Tj ET Q q 0 0 0 rg BT 232.94 224.45 Td (Loan.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (27) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.8. NET EARNINGS ) Tj ET Q q 0 0 0 rg BT 161.18 708.95 Td (AND EARNINGS PER SHARE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (The following table sets out the information supporting the earnings per share calculations:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 678.95 199.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 271.50 678.95 73.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 344.50 678.95 73.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 417.50 678.95 146.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 271.50 665.95 73.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 344.50 665.95 73.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 417.50 665.95 73.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 490.50 665.95 73.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 652.95 73.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 642.95 73.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 629.95 73.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 616.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 603.95 199.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 271.50 603.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 344.50 603.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 417.50 603.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 490.50 603.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 590.95 199.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 271.50 590.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 344.50 590.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 417.50 590.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 490.50 590.95 73.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 577.95 73.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 573.95 73.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 555.95 73.00 -28.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 527.95 73.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 523.95 73.00 -33.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 271.50 490.95 73.00 -4.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 486.95 199.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 271.50 486.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 344.50 486.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 417.50 486.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 490.50 486.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 473.95 199.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 271.50 473.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 344.50 473.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 417.50 473.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 490.50 473.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 460.95 199.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 271.50 460.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 344.50 460.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 417.50 460.95 73.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 490.50 460.95 73.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 678.95 m 271.5 678.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 678.95 m 344.5 678.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344.5 678.95 m 417.5 678.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 678.95 m 490.5 678.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 678.95 m 563.5 678.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 447.95 m 271.5 447.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 447.95 m 344.5 447.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344.5 447.95 m 417.5 447.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 447.95 m 490.5 447.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 447.95 m 563.5 447.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 657.18 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 475.30 670.18 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 317.20 657.18 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 390.20 657.18 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 465.00 657.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 546.85 657.18 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 645.35 Td (In thousands of CAD except for percentage and shares data) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 634.18 Td (Earnings before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.25 634.23 Td (1,516,267) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.25 634.23 Td (1,676,948) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.25 634.23 Td (\(160,681) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 634.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 634.18 Td (\(9.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 634.18 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 621.18 Td (Income tax expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.90 621.23 Td (398,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.90 621.18 Td (413,741) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.70 621.18 Td (\(15,336) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 621.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 621.18 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 621.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 608.13 Td (Effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 315.25 608.23 Td (26.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 330.85 608.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.25 608.43 Td (24.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.85 608.38 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 595.18 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.25 595.23 Td (1,1) Tj ET Q q 0 0 0 rg BT 312.37 595.23 Td (17,862) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.25 595.23 Td (1,263,207) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.25 595.48 Td (\(145,345) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 595.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.95 595.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 536.06 595.43 Td (1.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 595.43 Td (%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 582.18 Td (Net earnings margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 319.70 582.18 Td (9.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 330.85 582.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.25 582.18 Td (10.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.85 582.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 560.18 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 560.18 Td (eighted average number of shares outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 540.18 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 540.18 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 540.18 Td ( subordinate voting shares and Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 532.18 Td (multiple voting shares \(basic\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.35 539.98 Td (262,005,521) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.30 539.93 Td (272,719,309) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.05 539.93 Td (\(10,713,788) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 539.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 539.93 Td (\(3.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 539.93 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 503.18 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 503.18 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 503.18 Td ( subordinate voting shares and Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 495.18 Td (multiple voting shares \(diluted\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.35 505.48 Td (266,104,062) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.30 505.43 Td (277,785,725) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.05 505.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 447.16 505.43 Td (1,681,663) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 505.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 505.43 Td (\(4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 505.43 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 478.18 Td (Earnings per share \(in dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 465.18 Td (Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.25 465.48 Td (4.27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 465.23 Td (4.63) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.55 465.43 Td (\(0.36) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 465.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 465.43 Td (\(7.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 465.43 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 452.18 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.25 452.48 Td (4.20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.25 452.23 Td (4.55) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.55 452.43 Td (\(0.35) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 452.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 452.43 Td (\(7.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 547.20 452.43 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 419.95 Td (3.8.1. ) Tj ET Q q 0 0 0 rg BT 98.52 419.95 Td (Income ) Tj ET Q q 0 0 0 rg BT 132.53 419.95 Td (T) Tj ET Q q 0 0 0 rg BT 137.36 419.95 Td (ax ) Tj ET Q q 0 0 0 rg BT 149.87 419.95 Td (Expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 400.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.93 400.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.88 400.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.82 400.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.28 400.45 Td (September ) Tj ET Q q 0 0 0 rg BT 196.74 400.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 211.68 400.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.70 400.45 Td (, ) Tj ET Q q 0 0 0 rg BT 236.64 400.45 Td (income ) Tj ET Q q 0 0 0 rg BT 268.08 400.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 282.52 400.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 318.98 400.45 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.42 400.45 Td ($398.4 ) Tj ET Q q 0 0 0 rg BT 367.38 400.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.88 400.45 Td ( ) Tj ET Q q 0 0 0 rg BT 395.32 400.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 437.77 400.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.71 400.45 Td ($413.7 ) Tj ET Q q 0 0 0 rg BT 477.67 400.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.18 400.45 Td ( ) Tj ET Q q 0 0 0 rg BT 505.61 400.45 Td (over ) Tj ET Q q 0 0 0 rg BT 525.55 400.45 Td (the ) Tj ET Q q 0 0 0 rg BT 540.50 400.45 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 386.95 Td (period ) Tj ET Q q 0 0 0 rg BT 99.78 386.95 Td (last ) Tj ET Q q 0 0 0 rg BT 116.55 386.95 Td (year) Tj ET Q q 0 0 0 rg BT 133.56 386.95 Td (, ) Tj ET Q q 0 0 0 rg BT 138.83 386.95 Td (while ) Tj ET Q q 0 0 0 rg BT 162.10 386.95 Td (our ) Tj ET Q q 0 0 0 rg BT 177.87 386.95 Td (ef) Tj ET Q q 0 0 0 rg BT 185.22 386.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 213.99 386.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 228.76 386.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 247.03 386.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 288.82 386.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.09 386.95 Td (26.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.61 386.95 Td ( ) Tj ET Q q 0 0 0 rg BT 327.38 386.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.14 386.95 Td (24.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.66 386.95 Td (. ) Tj ET Q q 0 0 0 rg BT 378.74 386.95 Td (The ) Tj ET Q q 0 0 0 rg BT 397.02 386.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 417.78 386.95 Td (year ) Tj ET Q q 0 0 0 rg BT 438.06 386.95 Td (ef) Tj ET Q q 0 0 0 rg BT 445.40 386.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 474.17 386.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 488.94 386.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 507.22 386.95 Td (was ) Tj ET Q q 0 0 0 rg BT 525.99 386.95 Td (impacted ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 373.45 Td (by ) Tj ET Q q 0 0 0 rg BT 83.47 373.45 Td (a ) Tj ET Q q 0 0 0 rg BT 90.45 373.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.42 373.45 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 150.42 373.45 Td (from ) Tj ET Q q 0 0 0 rg BT 170.39 373.45 Td (a ) Tj ET Q q 0 0 0 rg BT 177.36 373.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 220.85 373.45 Td (with ) Tj ET Q q 0 0 0 rg BT 238.82 373.45 Td (the ) Tj ET Q q 0 0 0 rg BT 253.31 373.45 Td (German ) Tj ET Q q 0 0 0 rg BT 287.79 373.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.76 373.45 Td (authorities ) Tj ET Q q 0 0 0 rg BT 345.25 373.45 Td (where ) Tj ET Q q 0 0 0 rg BT 371.74 373.45 Td (the ) Tj ET Q q 0 0 0 rg BT 386.22 373.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.70 373.45 Td (booked ) Tj ET Q q 0 0 0 rg BT 458.20 373.45 Td ($1) Tj ET Q q 0 0 0 rg BT 467.54 373.45 Td (15.5 ) Tj ET Q q 0 0 0 rg BT 487.03 373.45 Td (million ) Tj ET Q q 0 0 0 rg BT 514.50 373.45 Td (of ) Tj ET Q q 0 0 0 rg BT 523.98 373.45 Td (additional ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 359.95 Td (corporate ) Tj ET Q q 0 0 0 rg BT 112.52 359.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.03 359.95 Td (losses, ) Tj ET Q q 0 0 0 rg BT 157.54 359.95 Td (and ) Tj ET Q q 0 0 0 rg BT 175.06 359.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 213.08 359.95 Td (a ) Tj ET Q q 0 0 0 rg BT 220.58 359.95 Td ($18.5 ) Tj ET Q q 0 0 0 rg BT 245.61 359.95 Td (million ) Tj ET Q q 0 0 0 rg BT 273.61 359.95 Td (income ) Tj ET Q q 0 0 0 rg BT 305.13 359.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 319.63 359.95 Td (recovery) Tj ET Q q 0 0 0 rg BT 353.47 359.95 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 340.45 Td (When ) Tj ET Q q 0 0 0 rg BT 97.66 340.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 137.84 340.45 Td (that ) Tj ET Q q 0 0 0 rg BT 155.00 340.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 169.15 340.45 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 215.33 340.45 Td (and ) Tj ET Q q 0 0 0 rg BT 232.49 340.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.16 340.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.31 340.45 Td (ef) Tj ET Q q 0 0 0 rg BT 268.65 340.45 Td (fects ) Tj ET Q q 0 0 0 rg BT 289.81 340.45 Td (from ) Tj ET Q q 0 0 0 rg BT 309.96 340.45 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 385.15 340.45 Td (and ) Tj ET Q q 0 0 0 rg BT 402.32 340.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 446.50 340.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 469.65 340.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.82 340.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 538.99 340.45 Td (costs, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 326.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.78 326.95 Td (ef) Tj ET Q q 0 0 0 rg BT 94.13 326.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 122.41 326.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.69 326.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 154.47 326.95 Td (would ) Tj ET Q q 0 0 0 rg BT 180.25 326.95 Td (have ) Tj ET Q q 0 0 0 rg BT 202.04 326.95 Td (been ) Tj ET Q q 0 0 0 rg BT 224.34 326.95 Td (25.6% ) Tj ET Q q 0 0 0 rg BT 252.13 326.95 Td (for ) Tj ET Q q 0 0 0 rg BT 264.90 326.95 Td (both ) Tj ET Q q 0 0 0 rg BT 284.69 326.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.98 326.95 Td (years. ) Tj ET Q q 0 0 0 rg BT 346.62 326.95 Td (The ) Tj ET Q q 0 0 0 rg BT 364.40 326.95 Td (ef) Tj ET Q q 0 0 0 rg BT 371.74 326.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 400.02 326.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.30 326.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 432.08 326.95 Td (excluding ) Tj ET Q q 0 0 0 rg BT 472.38 326.95 Td (specific ) Tj ET Q q 0 0 0 rg BT 504.66 326.95 Td (items ) Tj ET Q q 0 0 0 rg BT 528.44 326.95 Td (is ) Tj ET Q q 0 0 0 rg BT 537.21 326.95 Td (a ) Tj ET Q q 0 0 0 rg BT 544.48 326.95 Td (non-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 313.45 Td (GAAP) Tj ET Q q 0 0 0 rg BT 96.85 313.45 Td ( ) Tj ET Q q 0 0 0 rg BT 99.35 313.45 Td (measure ) Tj ET Q q 0 0 0 rg BT 136.86 313.45 Td (that ) Tj ET Q q 0 0 0 rg BT 154.38 313.45 Td (management ) Tj ET Q q 0 0 0 rg BT 209.41 313.45 Td (believes ) Tj ET Q q 0 0 0 rg BT 244.93 313.45 Td (is ) Tj ET Q q 0 0 0 rg BT 253.93 313.45 Td (useful ) Tj ET Q q 0 0 0 rg BT 280.45 313.45 Td (when ) Tj ET Q q 0 0 0 rg BT 304.46 313.45 Td (comparing ) Tj ET Q q 0 0 0 rg BT 348.98 313.45 Td (our ) Tj ET Q q 0 0 0 rg BT 364.49 313.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 417.52 313.45 Td (to ) Tj ET Q q 0 0 0 rg BT 427.52 313.45 Td (the ) Tj ET Q q 0 0 0 rg BT 442.53 313.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 463.04 313.45 Td (year) Tj ET Q q 0 0 0 rg BT 480.05 313.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 293.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 293.95 Td (table ) Tj ET Q q 0 0 0 rg BT 112.03 293.95 Td (in ) Tj ET Q q 0 0 0 rg BT 121.53 293.95 Td (section ) Tj ET Q q 0 0 0 rg BT 152.55 293.95 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 177.57 293.95 Td (shows ) Tj ET Q q 0 0 0 rg BT 205.58 293.95 Td (the ) Tj ET Q q 0 0 0 rg BT 220.59 293.95 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 281.61 293.95 Td (comparison ) Tj ET Q q 0 0 0 rg BT 330.63 293.95 Td (of ) Tj ET Q q 0 0 0 rg BT 340.63 293.95 Td (the ) Tj ET Q q 0 0 0 rg BT 355.65 293.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.15 293.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 388.16 293.95 Td (with ) Tj ET Q q 0 0 0 rg BT 406.67 293.95 Td (the ) Tj ET Q q 0 0 0 rg BT 421.68 293.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 450.69 293.95 Td (of ) Tj ET Q q 0 0 0 rg BT 460.69 293.95 Td (specific ) Tj ET Q q 0 0 0 rg BT 493.20 293.95 Td (items ) Tj ET Q q 0 0 0 rg BT 517.21 293.95 Td (removed.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 274.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 100.20 274.45 Td (on ) Tj ET Q q 0 0 0 rg BT 112.89 274.45 Td (the ) Tj ET Q q 0 0 0 rg BT 128.07 274.45 Td (enacted ) Tj ET Q q 0 0 0 rg BT 162.78 274.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 185.47 274.45 Td (at ) Tj ET Q q 0 0 0 rg BT 195.65 274.45 Td (the ) Tj ET Q q 0 0 0 rg BT 210.84 274.45 Td (end ) Tj ET Q q 0 0 0 rg BT 228.53 274.45 Td (of ) Tj ET Q q 0 0 0 rg BT 238.72 274.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 264.90 274.45 Td (2020 ) Tj ET Q q 0 0 0 rg BT 287.59 274.45 Td (and ) Tj ET Q q 0 0 0 rg BT 305.29 274.45 Td (our ) Tj ET Q q 0 0 0 rg BT 320.97 274.45 Td (current ) Tj ET Q q 0 0 0 rg BT 351.66 274.45 Td (business ) Tj ET Q q 0 0 0 rg BT 389.86 274.45 Td (mix, ) Tj ET Q q 0 0 0 rg BT 409.04 274.45 Td (we ) Tj ET Q q 0 0 0 rg BT 423.22 274.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 452.41 274.45 Td (our ) Tj ET Q q 0 0 0 rg BT 468.10 274.45 Td (ef) Tj ET Q q 0 0 0 rg BT 475.44 274.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 504.13 274.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 518.81 274.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 537.00 274.45 Td (before ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 260.95 Td (any ) Tj ET Q q 0 0 0 rg BT 89.01 260.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.53 260.95 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 182.56 260.95 Td (to ) Tj ET Q q 0 0 0 rg BT 192.56 260.95 Td (be ) Tj ET Q q 0 0 0 rg BT 205.08 260.95 Td (in ) Tj ET Q q 0 0 0 rg BT 214.58 260.95 Td (the ) Tj ET Q q 0 0 0 rg BT 229.59 260.95 Td (range ) Tj ET Q q 0 0 0 rg BT 255.11 260.95 Td (of ) Tj ET Q q 0 0 0 rg BT 265.12 260.95 Td (25.0% ) Tj ET Q q 0 0 0 rg BT 293.14 260.95 Td (to ) Tj ET Q q 0 0 0 rg BT 303.14 260.95 Td (27.0% ) Tj ET Q q 0 0 0 rg BT 331.16 260.95 Td (in ) Tj ET Q q 0 0 0 rg BT 340.67 260.95 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 389.71 260.95 Td (periods.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 232.45 Td (3.8.2. ) Tj ET Q q 0 0 0 rg BT 98.52 232.45 Td (W) Tj ET Q q 0 0 0 rg BT 106.85 232.45 Td (eighted ) Tj ET Q q 0 0 0 rg BT 141.02 232.45 Td (A) Tj ET Q q 0 0 0 rg BT 147.18 232.45 Td (verage ) Tj ET Q q 0 0 0 rg BT 178.71 232.45 Td (Number ) Tj ET Q q 0 0 0 rg BT 215.21 232.45 Td (of ) Tj ET Q q 0 0 0 rg BT 226.21 232.45 Td (Shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 212.95 Td (For ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.84 212.95 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 111.34 212.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.68 212.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 133.70 212.95 Td (, ) Tj ET Q q 0 0 0 rg BT 138.53 212.95 Td (CGI) Tj ET Q q 0 0 0 rg BT 156.37 212.95 Td (s ) Tj ET Q q 0 0 0 rg BT 163.21 212.95 Td (basic ) Tj ET Q q 0 0 0 rg BT 186.56 212.95 Td (and ) Tj ET Q q 0 0 0 rg BT 203.91 212.95 Td (diluted ) Tj ET Q q 0 0 0 rg BT 232.77 212.95 Td (weighted ) Tj ET Q q 0 0 0 rg BT 271.13 212.95 Td (average ) Tj ET Q q 0 0 0 rg BT 305.99 212.95 Td (number ) Tj ET Q q 0 0 0 rg BT 338.84 212.95 Td (of ) Tj ET Q q 0 0 0 rg BT 348.69 212.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 378.04 212.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 422.40 212.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 464.76 212.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 212.95 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.11 212.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.44 212.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.46 212.95 Td ( ) Tj ET Q q 0 0 0 rg BT 522.80 212.95 Td (due ) Tj ET Q q 0 0 0 rg BT 540.15 212.95 Td (to ) Tj ET Q q 0 0 0 rg BT 550.00 212.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 199.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 100.50 199.45 Td (of ) Tj ET Q q 0 0 0 rg BT 110.00 199.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 149.01 199.45 Td (for ) Tj ET Q q 0 0 0 rg BT 161.51 199.45 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 211.03 199.45 Td (of ) Tj ET Q q 0 0 0 rg BT 220.52 199.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 244.63 199.45 Td (A) Tj ET Q q 0 0 0 rg BT 250.13 199.45 Td ( ) Tj ET Q q 0 0 0 rg BT 252.12 199.45 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 285.13 199.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 309.13 199.45 Td (of) Tj ET Q q 0 0 0 rg BT 316.47 199.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 332.97 199.45 Td (by ) Tj ET Q q 0 0 0 rg BT 344.47 199.45 Td (the ) Tj ET Q q 0 0 0 rg BT 358.97 199.45 Td (grant ) Tj ET Q q 0 0 0 rg BT 381.47 199.45 Td (and ) Tj ET Q q 0 0 0 rg BT 398.48 199.45 Td (the ) Tj ET Q q 0 0 0 rg BT 412.98 199.45 Td (exercise ) Tj ET Q q 0 0 0 rg BT 448.49 199.45 Td (of ) Tj ET Q q 0 0 0 rg BT 457.98 199.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 480.98 199.45 Td (options. ) Tj ET Q q 0 0 0 rg BT 514.50 199.45 Td (Please ) Tj ET Q q 0 0 0 rg BT 544.00 199.45 Td (refer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 185.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 185.95 Td (notes ) Tj ET Q q 0 0 0 rg BT 106.52 185.95 Td (19, ) Tj ET Q q 0 0 0 rg BT 121.54 185.95 Td (20 ) Tj ET Q q 0 0 0 rg BT 134.05 185.95 Td (and ) Tj ET Q q 0 0 0 rg BT 151.56 185.95 Td (21 ) Tj ET Q q 0 0 0 rg BT 164.07 185.95 Td (of ) Tj ET Q q 0 0 0 rg BT 174.08 185.95 Td (our ) Tj ET Q q 0 0 0 rg BT 189.59 185.95 Td (audited ) Tj ET Q q 0 0 0 rg BT 221.62 185.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 274.65 185.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.17 185.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.70 185.95 Td (for ) Tj ET Q q 0 0 0 rg BT 369.70 185.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 410.73 185.95 Td (information.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 98.52 708.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 115.52 708.95 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 156.53 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 175.03 708.95 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 216.04 708.95 Td (per ) Tj ET Q q 0 0 0 rg BT 232.55 708.95 Td (Share ) Tj ET Q q 0 0 0 rg BT 260.06 708.95 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 305.57 708.95 Td (Specific ) Tj ET Q q 0 0 0 rg BT 342.58 708.95 Td (Items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (Below ) Tj ET Q q 0 0 0 rg BT 98.94 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 107.86 689.45 Td (a ) Tj ET Q q 0 0 0 rg BT 115.29 689.45 Td (table ) Tj ET Q q 0 0 0 rg BT 137.23 689.45 Td (showing ) Tj ET Q q 0 0 0 rg BT 172.67 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 187.61 689.45 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 248.55 689.45 Td (comparison ) Tj ET Q q 0 0 0 rg BT 297.49 689.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 337.94 689.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 370.37 689.45 Td (items ) Tj ET Q q 0 0 0 rg BT 394.30 689.45 Td (namely) Tj ET Q q 0 0 0 rg BT 422.64 689.45 Td (, ) Tj ET Q q 0 0 0 rg BT 427.57 689.45 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 503.03 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 520.47 689.45 Td (integration ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.51 675.95 Td (and ) Tj ET Q q 0 0 0 rg BT 113.02 675.95 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 165.54 675.95 Td (costs.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 659.45 227.00 -25.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 299.50 659.45 66.00 -12.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 365.50 659.45 65.00 -12.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 430.50 659.45 132.00 -12.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 299.50 647.45 66.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 365.50 647.45 65.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 430.50 647.45 66.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 496.50 647.45 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 634.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 620.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 606.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 592.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 578.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 564.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 564.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 564.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 564.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 564.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 550.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 550.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 550.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 550.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 550.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 536.45 66.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 532.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 518.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 504.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 490.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 476.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 462.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 448.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 434.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 420.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 406.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 406.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 406.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 406.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 406.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 392.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 392.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 392.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 392.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 392.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 378.45 66.00 -4.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 374.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 374.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 374.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 374.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 374.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 360.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 360.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 360.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 360.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 360.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 346.45 66.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 342.45 66.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 328.45 66.00 -22.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 306.45 66.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 302.45 66.00 -22.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 299.50 280.45 66.00 -4.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 276.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 276.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 276.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 276.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 276.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 262.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 262.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 262.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 262.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 262.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 248.45 227.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 299.50 248.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 365.50 248.45 65.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 430.50 248.45 66.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 496.50 248.45 66.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 659.45 m 299.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 659.45 m 365.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 365.5 659.45 m 430.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 659.45 m 496.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 659.45 m 562.5 659.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 234.45000000000005 m 299.5 234.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 234.45000000000005 m 365.5 234.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 365.5 234.45000000000005 m 430.5 234.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 234.45000000000005 m 496.5 234.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 234.45000000000005 m 562.5 234.45000000000005 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 644.93 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 481.30 651.13 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 338.20 638.68 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 403.20 638.68 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 488.55 638.68 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 545.85 638.68 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 626.85 Td (In thousands of CAD except for percentages and shares data) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 610.68 Td (Earnings before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.60 610.68 Td (1,516,267) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.55 610.68 Td (1,676,948) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.25 610.73 Td (\(160,681) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 610.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 610.68 Td (\(9.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 610.68 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 596.63 Td (Add back:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 582.68 Td (Acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.70 582.68 Td (76,794) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.70 582.68 Td (77,417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.80 582.73 Td (\(623) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 582.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 582.68 Td (\(0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 582.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 568.68 Td (Restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.25 568.68 Td (155,41) Tj ET Q q 0 0 0 rg BT 350.72 568.68 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.20 568.68 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.90 568.68 Td (155,41) Tj ET Q q 0 0 0 rg BT 484.37 568.68 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 568.68 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 554.68 Td (Earnings before income taxes excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.60 554.68 Td (1,748,472) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.55 554.68 Td (1,754,365) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 554.68 Td (\(5,893) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 554.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 554.68 Td (\(0.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 554.68 Td (%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 540.68 Td (Margin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.55 540.63 Td (14.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.20 540.63 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 398.55 540.63 Td (14.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 540.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 522.68 Td (Income tax expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.25 522.68 Td (398,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.25 522.68 Td (413,741) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.70 522.68 Td (\(15,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.85 522.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 522.68 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 522.68 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 508.63 Td (Effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.55 508.68 Td (26.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.20 508.68 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 398.55 508.63 Td (24.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 508.63 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 494.63 Td (Add back:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 480.68 Td (T) Tj ET Q q 0 0 0 rg BT 91.44 480.68 Td (ax deduction on acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.70 480.68 Td (14,717) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.70 480.68 Td (16,307) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 480.68 Td (\(1,590) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 480.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 480.68 Td (\(9.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 480.68 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 466.63 Td (Impact on effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 335.40 466.68 Td (\(0.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.20 466.68 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 400.40 466.63 Td (\(0.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 466.63 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 452.68 Td (T) Tj ET Q q 0 0 0 rg BT 91.44 452.68 Td (ax deduction on restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.70 452.68 Td (35,278) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.20 452.68 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.30 452.68 Td (35,278) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 452.68 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 438.63 Td (Impact on effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 335.40 438.68 Td (\(0.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.20 438.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.20 438.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 424.68 Td (T) Tj ET Q q 0 0 0 rg BT 91.00 424.68 Td (ax adjustment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.20 424.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.70 424.68 Td (18,451) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.70 424.68 Td (\(18,451) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 424.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.50 424.68 Td (\(100.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 424.68 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 410.63 Td (Impact on effective tax rate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.20 410.68 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.05 410.63 Td (1.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 410.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 396.68 Td (Income tax expense excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.25 396.68 Td (448,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.25 396.68 Td (448,499) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.25 396.73 Td (\(99) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 396.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.20 396.68 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 396.68 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 382.68 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.93 382.68 Td (fective tax rate excluding specific items) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.55 382.68 Td (25.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.20 382.68 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 398.55 382.63 Td (25.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 382.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 364.68 Td (Net earnings excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.60 364.68 Td (1,300,072) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.55 364.68 Td (1,305,866) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 364.68 Td (\(5,794) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 364.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 364.68 Td (\(0.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 364.68 Td (%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 350.68 Td (Net earnings margin excluding specific items) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.55 350.68 Td (10.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.20 350.68 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 398.55 350.63 Td (10.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.20 350.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 332.68 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 332.68 Td (eighted average number of shares outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 318.68 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 318.68 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 318.68 Td ( subordinate voting shares and Class B multiple) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 310.68 Td (voting shares \(basic\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.70 310.68 Td (262,005,521) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.70 310.68 Td (272,719,309) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 310.68 Td (\(3.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 310.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 292.68 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 292.68 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 292.68 Td ( subordinate voting shares and Class B multiple) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 284.68 Td (voting shares \(diluted\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.70 284.68 Td (266,104,062) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.70 284.68 Td (277,785,725) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 284.68 Td (\(4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 284.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 266.68 Td (Earnings per share excluding specific items \(in dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 252.68 Td (Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.55 252.68 Td (4.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.55 252.68 Td (4.79) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.25 252.73 Td (0.17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 252.68 Td (3.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 252.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 238.68 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.55 238.68 Td (4.89) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.55 238.68 Td (4.70) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.25 238.73 Td (0.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 238.68 Td (4.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 238.68 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td () Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 52.83 706.80 Td (4. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Liquidity) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 694.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 142.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 690.3 m 228.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 690.3 m 337.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 690.3 m 475.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 690.3 m 561.5 690.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 57.5 686.3 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 664.30 Td (4.1. ) Tj ET Q q 0 0 0 rg BT 91.01 664.30 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 144.34 664.30 Td (TED ) Tj ET Q q 0 0 0 rg BT 164.84 664.30 Td (ST) Tj ET Q q 0 0 0 rg BT 175.68 664.30 Td (A) Tj ET Q q 0 0 0 rg BT 181.51 664.30 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 227.01 664.30 Td (OF ) Tj ET Q q 0 0 0 rg BT 242.01 664.30 Td (CASH ) Tj ET Q q 0 0 0 rg BT 270.01 664.30 Td (FLOWS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 642.65 Td (CGI) Tj ET Q q 0 0 0 rg BT 89.34 642.65 Td (s ) Tj ET Q q 0 0 0 rg BT 96.07 642.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 125.31 642.65 Td (is ) Tj ET Q q 0 0 0 rg BT 134.04 642.65 Td (financed ) Tj ET Q q 0 0 0 rg BT 170.30 642.65 Td (through ) Tj ET Q q 0 0 0 rg BT 203.05 642.65 Td (a ) Tj ET Q q 0 0 0 rg BT 210.29 642.65 Td (combination ) Tj ET Q q 0 0 0 rg BT 261.05 642.65 Td (of ) Tj ET Q q 0 0 0 rg BT 270.79 642.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.03 642.65 Td (flow ) Tj ET Q q 0 0 0 rg BT 310.26 642.65 Td (from ) Tj ET Q q 0 0 0 rg BT 330.49 642.65 Td (operations, ) Tj ET Q q 0 0 0 rg BT 377.25 642.65 Td (drawing ) Tj ET Q q 0 0 0 rg BT 411.00 642.65 Td (on ) Tj ET Q q 0 0 0 rg BT 423.24 642.65 Td (our ) Tj ET Q q 0 0 0 rg BT 438.48 642.65 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 482.74 642.65 Td (committed ) Tj ET Q q 0 0 0 rg BT 526.48 642.65 Td (revolving ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 626.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 95.44 626.95 Td (facility) Tj ET Q q 0 0 0 rg BT 119.78 626.95 Td (, ) Tj ET Q q 0 0 0 rg BT 124.21 626.95 Td (the ) Tj ET Q q 0 0 0 rg BT 138.65 626.95 Td (issuance ) Tj ET Q q 0 0 0 rg BT 176.11 626.95 Td (of ) Tj ET Q q 0 0 0 rg BT 185.55 626.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 225.49 626.95 Td (debt, ) Tj ET Q q 0 0 0 rg BT 247.44 626.95 Td (and ) Tj ET Q q 0 0 0 rg BT 264.39 626.95 Td (the ) Tj ET Q q 0 0 0 rg BT 278.83 626.95 Td (issuance ) Tj ET Q q 0 0 0 rg BT 316.29 626.95 Td (of ) Tj ET Q q 0 0 0 rg BT 325.73 626.95 Td (equity) Tj ET Q q 0 0 0 rg BT 349.07 626.95 Td (. ) Tj ET Q q 0 0 0 rg BT 353.51 626.95 Td (One ) Tj ET Q q 0 0 0 rg BT 372.45 626.95 Td (of ) Tj ET Q q 0 0 0 rg BT 381.89 626.95 Td (our ) Tj ET Q q 0 0 0 rg BT 396.83 626.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.78 626.95 Td (priorities ) Tj ET Q q 0 0 0 rg BT 467.73 626.95 Td (is ) Tj ET Q q 0 0 0 rg BT 476.16 626.95 Td (to ) Tj ET Q q 0 0 0 rg BT 485.60 626.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 521.55 626.95 Td (an ) Tj ET Q q 0 0 0 rg BT 533.49 626.95 Td (optimal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 611.30 Td (level ) Tj ET Q q 0 0 0 rg BT 92.51 611.30 Td (of ) Tj ET Q q 0 0 0 rg BT 102.52 611.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 135.03 611.30 Td (through ) Tj ET Q q 0 0 0 rg BT 168.06 611.30 Td (the ) Tj ET Q q 0 0 0 rg BT 183.07 611.30 Td (active ) Tj ET Q q 0 0 0 rg BT 209.08 611.30 Td (management ) Tj ET Q q 0 0 0 rg BT 264.11 611.30 Td (of ) Tj ET Q q 0 0 0 rg BT 274.12 611.30 Td (our ) Tj ET Q q 0 0 0 rg BT 289.63 611.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 318.14 611.30 Td (and ) Tj ET Q q 0 0 0 rg BT 335.66 611.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 372.17 611.30 Td (as ) Tj ET Q q 0 0 0 rg BT 384.18 611.30 Td (well ) Tj ET Q q 0 0 0 rg BT 402.18 611.30 Td (as ) Tj ET Q q 0 0 0 rg BT 414.19 611.30 Td (our ) Tj ET Q q 0 0 0 rg BT 429.69 611.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 451.21 611.30 Td (flows.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 591.80 Td (As ) Tj ET Q q 0 0 0 rg BT 84.94 591.80 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.88 591.80 Td (September30, ) Tj ET Q q 0 0 0 rg BT 156.36 591.80 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.38 591.80 Td (, ) Tj ET Q q 0 0 0 rg BT 181.32 591.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.77 591.80 Td (and ) Tj ET Q q 0 0 0 rg BT 220.22 591.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.67 591.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 289.64 591.80 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.59 591.80 Td ($1,708.0 ) Tj ET Q q 0 0 0 rg BT 349.06 591.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.56 591.80 Td (. ) Tj ET Q q 0 0 0 rg BT 379.34 591.80 Td (The ) Tj ET Q q 0 0 0 rg BT 397.29 591.80 Td (following ) Tj ET Q q 0 0 0 rg BT 434.75 591.80 Td (table ) Tj ET Q q 0 0 0 rg BT 456.70 591.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 493.16 591.80 Td (a ) Tj ET Q q 0 0 0 rg BT 500.60 591.80 Td (summary ) Tj ET Q q 0 0 0 rg BT 540.04 591.80 Td (of ) Tj ET Q q 0 0 0 rg BT 549.98 591.80 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 578.30 Td (generation ) Tj ET Q q 0 0 0 rg BT 117.04 578.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.55 578.30 Td (use ) Tj ET Q q 0 0 0 rg BT 151.56 578.30 Td (of ) Tj ET Q q 0 0 0 rg BT 161.57 578.30 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.08 578.30 Td (for ) Tj ET Q q 0 0 0 rg BT 196.08 578.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.10 578.30 Td (years ) Tj ET Q q 0 0 0 rg BT 235.60 578.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 263.13 578.30 Td (September ) Tj ET Q q 0 0 0 rg BT 309.66 578.30 Td (30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 322.17 578.30 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.67 578.30 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.69 578.30 Td ( ) Tj ET Q q 0 0 0 rg BT 347.19 578.30 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.71 578.30 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.73 578.30 Td (.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 561.80 280.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 352.50 561.80 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 422.50 561.80 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 492.50 561.80 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 548.80 70.00 -12.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 536.80 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 523.80 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 510.80 70.00 -20.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 490.80 70.00 -23.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 467.80 280.00 -19.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 352.50 467.80 70.00 -19.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 422.50 467.80 70.00 -19.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 492.50 467.80 70.00 -19.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 448.8 m 352.5 448.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 448.8 m 422.5 448.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 448.8 m 492.5 448.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 448.8 m 562.5 448.8 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 553.28 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 395.20 553.28 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 465.20 553.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 553.28 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 540.75 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 528.03 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.70 528.08 Td (1,938,556) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.70 528.08 Td (1,633,919) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 528.08 Td (304,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 515.03 Td (Cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.70 515.08 Td (\(572,453) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 515.03 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 515.08 Td (\(950,809) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 515.03 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 515.08 Td (378,356) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 495.03 Td (Cash provided by \(used in\) financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.80 495.08 Td (94,172) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 495.08 Td (\(629,109) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 495.03 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 495.08 Td (723,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 472.03 Td (Ef) Tj ET Q q 0 0 0 rg BT 82.41 472.03 Td (fect of foreign exchange rate changes on cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.80 472.08 Td (33,879) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 472.03 Td (\(24,261) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 472.03 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.80 472.08 Td (58,140) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 456.28 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.70 456.33 Td (1,494,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.80 456.33 Td (29,740) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.70 456.33 Td (1,464,414) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 423.50 Td (4.1.1. ) Tj ET Q q 0 0 0 rg BT 98.52 423.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.03 423.50 Td (Provided ) Tj ET Q q 0 0 0 rg BT 164.04 423.50 Td (by ) Tj ET Q q 0 0 0 rg BT 177.04 423.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 221.71 423.50 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 407.00 Td (For ) Tj ET Q q 0 0 0 rg BT 88.71 407.00 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 104.43 407.00 Td (year ) Tj ET Q q 0 0 0 rg BT 125.14 407.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 153.38 407.00 Td (September ) Tj ET Q q 0 0 0 rg BT 200.61 407.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 216.33 407.00 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.35 407.00 Td (, ) Tj ET Q q 0 0 0 rg BT 242.06 407.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.27 407.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 302.01 407.00 Td (by ) Tj ET Q q 0 0 0 rg BT 314.72 407.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.46 407.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 393.17 407.00 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.39 407.00 Td ($1,938.6 ) Tj ET Q q 0 0 0 rg BT 450.63 407.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.13 407.00 Td ( ) Tj ET Q q 0 0 0 rg BT 479.34 407.00 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.55 407.00 Td (15.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.07 407.00 Td ( ) Tj ET Q q 0 0 0 rg BT 519.28 407.00 Td (of ) Tj ET Q q 0 0 0 rg BT 529.99 407.00 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 393.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 114.52 393.50 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 124.53 393.50 Td ($1,633.9 ) Tj ET Q q 0 0 0 rg BT 162.06 393.50 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.57 393.50 Td ( ) Tj ET Q q 0 0 0 rg BT 190.07 393.50 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.57 393.50 Td (13.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.09 393.50 Td ( ) Tj ET Q q 0 0 0 rg BT 228.59 393.50 Td (for ) Tj ET Q q 0 0 0 rg BT 241.59 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 393.50 Td (same ) Tj ET Q q 0 0 0 rg BT 281.11 393.50 Td (period ) Tj ET Q q 0 0 0 rg BT 308.63 393.50 Td (last ) Tj ET Q q 0 0 0 rg BT 325.14 393.50 Td (year) Tj ET Q q 0 0 0 rg BT 342.15 393.50 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 374.00 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 374.00 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 374.00 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 374.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.06 374.00 Td (a ) Tj ET Q q 0 0 0 rg BT 193.57 374.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.07 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 243.08 374.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 374.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 303.13 374.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.64 374.00 Td (use ) Tj ET Q q 0 0 0 rg BT 337.65 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.66 374.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.17 374.00 Td (from ) Tj ET Q q 0 0 0 rg BT 389.67 374.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 429.70 374.00 Td (activities:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 363.50 337.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 409.50 363.50 51.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 460.50 363.50 51.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 511.50 363.50 51.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 350.50 51.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 340.50 51.00 -17.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 323.50 51.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 308.50 51.00 -16.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 292.50 51.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 271.50 51.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 258.50 51.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 245.50 51.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 224.50 51.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 409.50 211.50 51.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 198.50 337.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 409.50 198.50 51.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 460.50 198.50 51.00 -18.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 511.50 198.50 51.00 -18.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 180.5 m 409.5 180.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 180.5 m 460.5 180.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 180.5 m 511.5 180.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 180.5 m 562.5 180.5 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 354.73 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 433.20 354.98 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 484.20 354.98 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 354.98 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 342.90 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 327.73 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 327.78 Td (1,1) Tj ET Q q 0 0 0 rg BT 428.37 327.78 Td (17,862) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 327.78 Td (1,263,207) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.25 327.78 Td (\(145,345) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.85 327.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 312.73 Td (Amortization, depreciation and impairment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.90 312.73 Td (565,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.90 312.73 Td (392,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 312.73 Td (173,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 296.73 Td (Other adjustments) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 140.36 300.54 Td (1) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 428.3 296.008203125 m 452.76875 296.008203125 l s q 0 0 0 rg BT 428.30 297.28 Td (36,838) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 479.3 295.73515625 m 503.76875 295.73515625 l s q 0 0 0 rg BT 479.30 296.88 Td (34,662) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 534.8 296.008203125 m 554.81953125 296.008203125 l s q 0 0 0 rg BT 534.80 297.28 Td (2,176) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 283.98 Td (Cash flow from operating activities before net change in non-cash working capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 275.98 Td (items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 275.78 Td (1,720,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 275.78 Td (1,690,170) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 275.78 Td (30,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 263.18 Td (Net change in non-cash working capital items:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 250.18 Td (Accounts receivable, work in progress and deferred revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.90 250.18 Td (256,986) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.30 250.18 Td (21,859) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 250.18 Td (235,127) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 237.18 Td (Accounts payable and accrued liabilities, accrued compensation, provisions and long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 229.18 Td (liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.30 228.73 Td (12,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.70 228.73 Td (\(21,620) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.85 228.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 228.78 Td (33,813) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 215.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 107.01 219.54 Td (2) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 425.7 215.00820312500002 m 452.8328125 215.00820312500002 l s q 0 0 0 rg BT 425.70 216.28 Td (\(51,015) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 452.85 214.45820312499995 m 455.5140625 214.45820312499995 l s q 0 0 0 rg BT 452.85 215.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 476.7 214.73515625000005 m 503.8328125 214.73515625000005 l s q 0 0 0 rg BT 476.70 215.88 Td (\(56,490) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 503.85 214.58515624999995 m 506.5140625 214.58515624999995 l s q 0 0 0 rg BT 503.85 215.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 534.8 215.00820312500002 m 554.81953125 215.00820312500002 l s q 0 0 0 rg BT 534.80 216.28 Td (5,475) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 202.73 Td (Net change in non-cash working capital items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.90 202.73 Td (218,164) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.70 202.73 Td (\(56,251) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.85 202.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 202.73 Td (274,415) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 187.48 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 187.53 Td (1,938,556) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 187.53 Td (1,633,919) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 187.48 Td (304,637) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 172.34 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.53 169.00 Td ( ) Tj ET Q q 0 0 0 rg BT 77.03 169.00 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 169.00 Td (Comprised ) Tj ET Q q 0 0 0 rg BT 121.29 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.07 169.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 157.09 169.00 Td (income ) Tj ET Q q 0 0 0 rg BT 181.60 169.00 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 202.22 169.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 225.57 169.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 257.87 169.00 Td (\(gain\) ) Tj ET Q q 0 0 0 rg BT 277.71 169.00 Td (loss, ) Tj ET Q q 0 0 0 rg BT 294.05 169.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 308.44 169.00 Td (on ) Tj ET Q q 0 0 0 rg BT 318.17 169.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 332.96 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 340.74 169.00 Td (business ) Tj ET Q q 0 0 0 rg BT 370.32 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 383.94 169.00 Td (share-based ) Tj ET Q q 0 0 0 rg BT 424.80 169.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 453.59 169.00 Td (costs.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 163.64 Td (2 ) Tj ET Q BT /F2 4.55 Tf ET q 0 0 0 rg BT 76.50 163.64 Td ( ) Tj ET Q BT /F2 4.55 Tf ET q 0 0 0 rg BT 77.76 163.64 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 160.30 Td (Comprised ) Tj ET Q q 0 0 0 rg BT 121.65 160.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.80 160.30 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 155.46 160.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.74 160.30 Td (and ) Tj ET Q q 0 0 0 rg BT 201.73 160.30 Td (other ) Tj ET Q q 0 0 0 rg BT 219.99 160.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 244.48 160.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 276.35 160.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.34 160.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 328.83 160.30 Td (retirement ) Tj ET Q q 0 0 0 rg BT 362.65 160.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 389.48 160.30 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 427.20 160.30 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.47 160.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.46 160.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 525.95 160.30 Td (and ) Tj ET Q q 0 0 0 rg BT 539.94 160.30 Td (income ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 151.90 Td (taxes.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 138.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.09 138.10 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.19 138.10 Td (year ) Tj ET Q q 0 0 0 rg BT 123.28 138.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.90 138.10 Td (September ) Tj ET Q q 0 0 0 rg BT 197.51 138.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.61 138.10 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.63 138.10 Td (, ) Tj ET Q q 0 0 0 rg BT 237.72 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.81 138.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 289.42 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.01 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.61 138.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 336.21 138.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 373.32 138.10 Td (by ) Tj ET Q q 0 0 0 rg BT 385.41 138.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.53 138.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 462.62 138.10 Td (was ) Tj ET Q q 0 0 0 rg BT 481.22 138.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 509.81 138.10 Td (due ) Tj ET Q q 0 0 0 rg BT 527.41 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.50 138.10 Td (higher ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 124.60 Td (collection ) Tj ET Q q 0 0 0 rg BT 112.24 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.47 124.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 170.72 124.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.46 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.69 124.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 232.92 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.15 124.60 Td ($165.3 ) Tj ET Q q 0 0 0 rg BT 273.40 124.60 Td (million ) Tj ET Q q 0 0 0 rg BT 301.63 124.60 Td (coming ) Tj ET Q q 0 0 0 rg BT 333.36 124.60 Td (from ) Tj ET Q q 0 0 0 rg BT 354.09 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.32 124.60 Td (change ) Tj ET Q q 0 0 0 rg BT 401.57 124.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.30 124.60 Td (presentation ) Tj ET Q q 0 0 0 rg BT 463.55 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.78 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.02 124.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 526.26 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 536.49 124.60 Td (leases ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 111.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 108.52 111.10 Td (from ) Tj ET Q q 0 0 0 rg BT 129.02 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.03 111.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 181.06 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.07 111.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 214.07 111.10 Td (16. ) Tj ET Q q 0 0 0 rg BT 228.92 111.10 Td (This ) Tj ET Q q 0 0 0 rg BT 248.42 111.10 Td (was ) Tj ET Q q 0 0 0 rg BT 266.93 111.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 300.44 111.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.78 111.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 324.79 111.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.80 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.81 111.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 378.32 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.32 111.10 Td (payables.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 91.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 91.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 116.52 91.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 91.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.03 91.60 Td (working ) Tj ET Q q 0 0 0 rg BT 175.54 91.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.06 91.60 Td (inflows ) Tj ET Q q 0 0 0 rg BT 234.07 91.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.59 91.60 Td (outflows ) Tj ET Q q 0 0 0 rg BT 287.10 91.60 Td (will ) Tj ET Q q 0 0 0 rg BT 302.10 91.60 Td (always ) Tj ET Q q 0 0 0 rg BT 332.11 91.60 Td (have ) Tj ET Q q 0 0 0 rg BT 354.13 91.60 Td (an ) Tj ET Q q 0 0 0 rg BT 366.64 91.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.65 91.60 Td (on ) Tj ET Q q 0 0 0 rg BT 408.16 91.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.17 91.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.68 91.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 463.19 91.60 Td (from ) Tj ET Q q 0 0 0 rg BT 483.69 91.60 Td (operations.) 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0.6901960784313725 rg /GS0 gs 436.50 544.95 63.00 -14.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 499.50 544.95 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 530.95 m 373.5 530.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.95 m 436.5 530.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 530.95 m 499.5 530.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 530.95 m 562.5 530.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 629.18 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 409.20 630.43 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 472.20 630.43 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 630.43 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 617.35 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 605.18 Td (Business acquisitions 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Td ($378.4 ) Tj ET Q q 0 0 0 rg BT 167.81 508.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 193.32 508.95 Td ( ) Tj ET Q q 0 0 0 rg BT 195.38 508.95 Td (in ) Tj ET Q q 0 0 0 rg BT 204.44 508.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.51 508.95 Td (used ) Tj ET Q q 0 0 0 rg BT 247.09 508.95 Td (in ) Tj ET Q q 0 0 0 rg BT 256.16 508.95 Td (investing ) Tj ET Q q 0 0 0 rg BT 293.74 508.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 330.31 508.95 Td (during ) Tj ET Q q 0 0 0 rg BT 357.39 508.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.96 508.95 Td (year ) Tj ET Q q 0 0 0 rg BT 391.53 508.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 418.62 508.95 Td (September ) Tj ET Q q 0 0 0 rg BT 464.70 508.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 479.28 508.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.30 508.95 Td ( ) Tj ET Q q 0 0 0 rg BT 501.36 508.95 Td (was ) Tj ET Q q 0 0 0 rg BT 519.42 508.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 547.49 508.95 Td (due ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 495.45 Td (to ) Tj ET Q q 0 0 0 rg BT 81.71 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 96.42 495.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 135.65 495.45 Td (in ) Tj ET Q q 0 0 0 rg BT 144.86 495.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 166.07 495.45 Td (used ) Tj ET Q q 0 0 0 rg BT 187.79 495.45 Td (in ) Tj ET Q q 0 0 0 rg BT 197.00 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 211.72 495.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 231.93 495.45 Td (year ) Tj ET Q q 0 0 0 rg BT 251.64 495.45 Td (for ) Tj ET Q q 0 0 0 rg BT 264.34 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.06 495.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 323.79 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 333.06 495.45 Td (Acando, ) Tj ET Q q 0 0 0 rg BT 368.29 495.45 Td (as ) Tj ET Q q 0 0 0 rg BT 380.00 495.45 Td (well ) Tj ET Q q 0 0 0 rg BT 397.71 495.45 Td (as ) Tj ET Q q 0 0 0 rg BT 409.41 495.45 Td (a ) Tj ET Q q 0 0 0 rg BT 416.62 495.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 455.85 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 465.56 495.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 515.78 495.45 Td (in ) Tj ET Q q 0 0 0 rg BT 524.99 495.45 Td (computer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 481.95 Td (equipment ) Tj ET Q q 0 0 0 rg BT 116.53 481.95 Td (and ) Tj ET Q q 0 0 0 rg BT 134.05 481.95 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 175.08 481.95 Td (improvements. ) Tj ET Q q 0 0 0 rg BT 236.43 481.95 Td (This ) Tj ET Q q 0 0 0 rg BT 255.94 481.95 Td (was ) Tj ET Q q 0 0 0 rg BT 274.44 481.95 Td (partially ) Tj ET Q q 0 0 0 rg BT 307.96 481.95 Td (of) Tj ET Q q 0 0 0 rg BT 315.30 481.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 332.31 481.95 Td (by ) Tj ET Q q 0 0 0 rg BT 344.31 481.95 Td (an ) Tj ET Q q 0 0 0 rg BT 356.82 481.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 393.34 481.95 Td (of ) Tj ET Q q 0 0 0 rg BT 403.35 481.95 Td (investment ) Tj ET Q q 0 0 0 rg BT 449.37 481.95 Td (in ) Tj ET Q q 0 0 0 rg BT 458.87 481.95 Td (business ) Tj ET Q q 0 0 0 rg BT 496.89 481.95 Td (acquisitions.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (4.1.3. ) Tj ET Q q 0 0 0 rg BT 98.52 708.95 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.03 708.95 Td (Provided ) Tj ET Q q 0 0 0 rg BT 164.04 708.95 Td (by ) Tj ET Q q 0 0 0 rg BT 177.04 708.95 Td (\(Used ) Tj ET Q q 0 0 0 rg BT 204.54 708.95 Td (in\) ) Tj ET Q q 0 0 0 rg BT 218.04 708.95 Td (Financing ) Tj ET Q q 0 0 0 rg BT 262.71 708.95 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.76 689.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.54 689.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.31 689.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.60 689.45 Td (September ) Tj ET Q q 0 0 0 rg BT 195.89 689.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.66 689.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.69 689.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.45 689.45 Td ($94.2 ) Tj ET Q q 0 0 0 rg BT 260.23 689.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.74 689.45 Td ( ) Tj ET Q q 0 0 0 rg BT 288.00 689.45 Td (was ) Tj ET Q q 0 0 0 rg BT 306.27 689.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 349.07 689.45 Td (from ) Tj ET Q q 0 0 0 rg BT 369.34 689.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 407.63 689.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 444.40 689.45 Td (while ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.17 689.45 Td ($629.1 ) Tj ET Q q 0 0 0 rg BT 496.96 689.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.47 689.45 Td ( ) Tj ET Q q 0 0 0 rg BT 524.73 689.45 Td (was ) Tj ET Q q 0 0 0 rg BT 543.00 689.45 Td (used ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (over ) Tj ET Q q 0 0 0 rg BT 92.01 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 107.02 675.95 Td (same ) Tj ET Q q 0 0 0 rg BT 131.53 675.95 Td (period ) Tj ET Q q 0 0 0 rg BT 159.05 675.95 Td (last ) Tj ET Q q 0 0 0 rg BT 175.55 675.95 Td (year) Tj ET Q q 0 0 0 rg BT 192.56 675.95 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 656.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 656.45 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 656.45 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 656.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.06 656.45 Td (a ) Tj ET Q q 0 0 0 rg BT 193.57 656.45 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.07 656.45 Td (of ) Tj ET Q q 0 0 0 rg BT 243.08 656.45 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 656.45 Td (generation ) Tj ET Q q 0 0 0 rg BT 303.13 656.45 Td (and ) Tj ET Q q 0 0 0 rg BT 320.64 656.45 Td (use ) Tj ET Q q 0 0 0 rg BT 337.65 656.45 Td (of ) Tj ET Q q 0 0 0 rg BT 347.66 656.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.17 656.45 Td (from ) Tj ET Q q 0 0 0 rg BT 389.67 656.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 428.20 656.45 Td (activities:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 639.95 289.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 361.50 639.95 67.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 428.50 639.95 67.00 -14.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 495.50 639.95 67.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 625.95 67.00 -12.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 613.95 67.00 -17.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 596.95 67.00 -17.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 579.95 67.00 -17.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 562.95 67.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 549.95 67.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 534.95 67.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 519.95 67.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 504.95 67.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 489.95 67.00 -15.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 361.50 474.95 67.00 -15.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 459.95 289.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 361.50 459.95 67.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 428.50 459.95 67.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 495.50 459.95 67.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 446.95 m 361.5 446.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 446.95 m 428.5 446.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 446.95 m 495.5 446.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 446.95 m 562.5 446.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 630.93 Td (For the years ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 401.20 630.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 468.20 630.93 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 630.93 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 617.90 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 603.43 Td (Net change in unsecured committed revolving credit facility) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.70 601.23 Td (\(334,370) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 601.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 601.18 Td (139,575) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.70 601.23 Td (\(473,945) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 601.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 586.43 Td (Payment of lease liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.70 586.48 Td (\(175,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 586.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 584.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.70 584.23 Td (\(175,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 584.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 569.43 Td (Net change in long-term debt) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 383.7 566.458203125 m 419.28984375 566.458203125 l s q 0 0 0 rg BT 383.70 567.73 Td (1,700,671) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 457.3 566.18515625 m 486.21796875 566.18515625 l s q 0 0 0 rg BT 457.30 567.33 Td (331,404) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 517.7 566.458203125 m 553.28984375 566.458203125 l s q 0 0 0 rg BT 517.70 567.73 Td (1,369,267) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 554.23 Td (1,190,981) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 554.18 Td (470,979) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 554.23 Td (720,002) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 540.43 Td (Repayment of debt assumed from business acquisitions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 539.18 Td (\(28,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 539.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.55 539.18 Td (\(2,141) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 539.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.15 539.18 Td (\(26,140) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 539.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 525.43 Td (Payment for remaining shares of ) Tj ET Q q 0 0 0 rg BT 192.61 525.43 Td (Acando) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 524.18 Td (\(23,123) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 524.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.25 524.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.15 524.18 Td (\(23,123) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 524.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 510.43 Td (Purchase of Class) Tj ET Q q 0 0 0 rg BT 141.92 510.43 Td (A) Tj ET Q q 0 0 0 rg BT 146.81 510.43 Td ( subordinate voting shares held in trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 509.18 Td (\(55,287) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 509.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.15 509.18 Td (\(30,740) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 509.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.15 509.18 Td (\(24,547) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 509.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 495.43 Td (Settlement of derivative financial instruments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.55 494.18 Td (\(3,903) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 494.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.25 494.23 Td (\(554) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 494.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 494.23 Td (\(3,349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 494.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 480.43 Td (Purchase and cancellation of Class) Tj ET Q q 0 0 0 rg BT 201.96 480.43 Td (A) Tj ET Q q 0 0 0 rg BT 206.86 480.43 Td ( subordinate voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.00 479.23 Td (\(1,043,517) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.30 479.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.00 479.23 Td (\(1,130,255) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 479.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.80 479.23 Td (86,738) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 465.43 Td (Issuance of Class) Tj ET Q q 0 0 0 rg BT 139.92 465.43 Td (A) Tj ET Q q 0 0 0 rg BT 144.82 465.43 Td ( subordinate voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.80 464.23 Td (57,302) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 464.23 Td (63,602) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 464.23 Td (\(6,300) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 464.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 451.43 Td (Cash provided by \(used in\) financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.80 451.48 Td (94,172) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.70 451.48 Td (\(629,109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.30 451.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 451.48 Td (723,281) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 424.95 Td (For ) Tj ET Q q 0 0 0 rg BT 87.97 424.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.94 424.95 Td (year ) Tj ET Q q 0 0 0 rg BT 122.92 424.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.41 424.95 Td (September ) Tj ET Q q 0 0 0 rg BT 196.90 424.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 211.88 424.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.90 424.95 Td (, ) Tj ET Q q 0 0 0 rg BT 236.87 424.95 Td (the ) Tj ET Q q 0 0 0 rg BT 251.85 424.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.83 424.95 Td (received ) Tj ET Q q 0 0 0 rg BT 329.31 424.95 Td (through ) Tj ET Q q 0 0 0 rg BT 362.30 424.95 Td (the ) Tj ET Q q 0 0 0 rg BT 377.28 424.95 Td (2020 ) Tj ET Q q 0 0 0 rg BT 399.61 424.95 Td (T) Tj ET Q q 0 0 0 rg BT 404.11 424.95 Td (erm ) Tj ET Q q 0 0 0 rg BT 422.08 424.95 Td (Loan ) Tj ET Q q 0 0 0 rg BT 444.56 424.95 Td (an ) Tj ET Q q 0 0 0 rg BT 457.04 424.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 489.53 424.95 Td (of ) Tj ET Q q 0 0 0 rg BT 499.50 424.95 Td ($1,764.7 ) Tj ET Q q 0 0 0 rg BT 537.00 424.95 Td (million ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 411.45 Td (\(US$1,250.0 ) Tj ET Q q 0 0 0 rg BT 125.44 411.45 Td (million\), ) Tj ET Q q 0 0 0 rg BT 159.34 411.45 Td (had ) Tj ET Q q 0 0 0 rg BT 177.26 411.45 Td (a ) Tj ET Q q 0 0 0 rg BT 185.17 411.45 Td (net ) Tj ET Q q 0 0 0 rg BT 200.58 411.45 Td (repayment ) Tj ET Q q 0 0 0 rg BT 246.00 411.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.41 411.45 Td ($334.4 ) Tj ET Q q 0 0 0 rg BT 286.84 411.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.35 411.45 Td ( ) Tj ET Q q 0 0 0 rg BT 315.25 411.45 Td (under ) Tj ET Q q 0 0 0 rg BT 341.17 411.45 Td (our ) Tj ET Q q 0 0 0 rg BT 357.08 411.45 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 402.01 411.45 Td (committed ) Tj ET Q q 0 0 0 rg BT 446.43 411.45 Td (revolving ) Tj ET Q q 0 0 0 rg BT 485.35 411.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 510.26 411.45 Td (facility) Tj ET Q q 0 0 0 rg BT 534.59 411.45 Td (, ) Tj ET Q q 0 0 0 rg BT 540.00 411.45 Td (made ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 397.95 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 115.50 397.95 Td (repayments ) Tj ET Q q 0 0 0 rg BT 165.00 397.95 Td (of ) Tj ET Q q 0 0 0 rg BT 174.97 397.95 Td (senior ) Tj ET Q q 0 0 0 rg BT 201.96 397.95 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 246.46 397.95 Td (notes ) Tj ET Q q 0 0 0 rg BT 270.94 397.95 Td (in ) Tj ET Q q 0 0 0 rg BT 280.42 397.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.40 397.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 327.89 397.95 Td (of ) Tj ET Q q 0 0 0 rg BT 337.87 397.95 Td ($65.9 ) Tj ET Q q 0 0 0 rg BT 362.86 397.95 Td (million. ) Tj ET Q q 0 0 0 rg BT 393.34 397.95 Td (In ) Tj ET Q q 0 0 0 rg BT 403.32 397.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 439.82 397.95 Td (we) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.32 397.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.54 397.95 Td (paid ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.03 397.95 Td ($175.3 ) Tj ET Q q 0 0 0 rg BT 503.03 397.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.54 397.95 Td ( ) Tj ET Q q 0 0 0 rg BT 531.01 397.95 Td (of ) Tj ET Q q 0 0 0 rg BT 540.98 397.95 Td (lease ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 384.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 111.22 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 121.42 384.45 Td (which ) Tj ET Q q 0 0 0 rg BT 147.14 384.45 Td ($165.3 ) Tj ET Q q 0 0 0 rg BT 177.37 384.45 Td (million ) Tj ET Q q 0 0 0 rg BT 205.57 384.45 Td (is ) Tj ET Q q 0 0 0 rg BT 214.78 384.45 Td (related ) Tj ET Q q 0 0 0 rg BT 245.00 384.45 Td (to ) Tj ET Q q 0 0 0 rg BT 255.20 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.42 384.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 307.65 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 317.86 384.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 341.06 384.45 Td (16, ) Tj ET Q q 0 0 0 rg BT 356.28 384.45 Td (and ) Tj ET Q q 0 0 0 rg BT 373.99 384.45 Td (used ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.21 384.45 Td ($28.3 ) Tj ET Q q 0 0 0 rg BT 421.44 384.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.94 384.45 Td ( ) Tj ET Q q 0 0 0 rg BT 449.64 384.45 Td (to ) Tj ET Q q 0 0 0 rg BT 459.85 384.45 Td (repay ) Tj ET Q q 0 0 0 rg BT 485.07 384.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 505.29 384.45 Td (assumed ) Tj ET Q q 0 0 0 rg BT 544.51 384.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 370.95 Td (business ) Tj ET Q q 0 0 0 rg BT 110.02 370.95 Td (acquisitions.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 351.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.98 351.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.98 351.45 Td (year ) Tj ET Q q 0 0 0 rg BT 122.97 351.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 150.48 351.45 Td (September ) Tj ET Q q 0 0 0 rg BT 196.99 351.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 211.99 351.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.01 351.45 Td (, ) Tj ET Q q 0 0 0 rg BT 236.99 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 251.99 351.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.99 351.45 Td (drew ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.98 351.45 Td ($139.6 ) Tj ET Q q 0 0 0 rg BT 345.00 351.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.50 351.45 Td ( ) Tj ET Q q 0 0 0 rg BT 372.99 351.45 Td (under ) Tj ET Q q 0 0 0 rg BT 398.49 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 413.48 351.45 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 458.00 351.45 Td (committed ) Tj ET Q q 0 0 0 rg BT 501.99 351.45 Td (revolving ) Tj ET Q q 0 0 0 rg BT 540.50 351.45 Td (credit ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 337.95 Td (facility ) Tj ET Q q 0 0 0 rg BT 98.71 337.95 Td (and ) Tj ET Q q 0 0 0 rg BT 115.44 337.95 Td (entered ) Tj ET Q q 0 0 0 rg BT 147.67 337.95 Td (into ) Tj ET Q q 0 0 0 rg BT 163.89 337.95 Td (a ) Tj ET Q q 0 0 0 rg BT 170.61 337.95 Td (five-year ) Tj ET Q q 0 0 0 rg BT 206.83 337.95 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 250.57 337.95 Td (committed ) Tj ET Q q 0 0 0 rg BT 293.79 337.95 Td (term ) Tj ET Q q 0 0 0 rg BT 313.50 337.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 332.22 337.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 355.94 337.95 Td (facility ) Tj ET Q q 0 0 0 rg BT 382.65 337.95 Td (of ) Tj ET Q q 0 0 0 rg BT 391.87 337.95 Td ($670.0 ) Tj ET Q q 0 0 0 rg BT 421.11 337.95 Td (million ) Tj ET Q q 0 0 0 rg BT 448.32 337.95 Td (\(swapped ) Tj ET Q q 0 0 0 rg BT 489.05 337.95 Td (into ) Tj ET Q q 0 0 0 rg BT 505.27 337.95 Td (euro ) Tj ET Q q 0 0 0 rg BT 525.00 337.95 Td (currency\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 324.45 Td (which ) Tj ET Q q 0 0 0 rg BT 97.33 324.45 Td (was ) Tj ET Q q 0 0 0 rg BT 115.65 324.45 Td (in ) Tj ET Q q 0 0 0 rg BT 124.98 324.45 Td (part ) Tj ET Q q 0 0 0 rg BT 142.81 324.45 Td (used ) Tj ET Q q 0 0 0 rg BT 164.64 324.45 Td (for ) Tj ET Q q 0 0 0 rg BT 177.47 324.45 Td (the ) Tj ET Q q 0 0 0 rg BT 192.30 324.45 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 235.65 324.45 Td (repayments ) Tj ET Q q 0 0 0 rg BT 284.99 324.45 Td (of ) Tj ET Q q 0 0 0 rg BT 294.82 324.45 Td (the ) Tj ET Q q 0 0 0 rg BT 309.65 324.45 Td (Senior ) Tj ET Q q 0 0 0 rg BT 337.98 324.45 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 382.33 324.45 Td (notes ) Tj ET Q q 0 0 0 rg BT 406.67 324.45 Td (in ) Tj ET Q q 0 0 0 rg BT 415.99 324.45 Td (the ) Tj ET Q q 0 0 0 rg BT 430.82 324.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 463.16 324.45 Td (of ) Tj ET Q q 0 0 0 rg BT 472.99 324.45 Td ($306.8 ) Tj ET Q q 0 0 0 rg BT 502.83 324.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 533.16 324.45 Td (used ) Tj ET Q q 0 0 0 rg BT 555.00 324.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 310.95 Td (invest ) Tj ET Q q 0 0 0 rg BT 98.01 310.95 Td (in ) Tj ET Q q 0 0 0 rg BT 107.52 310.95 Td (business ) Tj ET Q q 0 0 0 rg BT 145.54 310.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 195.06 310.95 Td (and ) Tj ET Q q 0 0 0 rg BT 212.58 310.95 Td (in ) Tj ET Q q 0 0 0 rg BT 222.09 310.95 Td (the ) Tj ET Q q 0 0 0 rg BT 237.10 310.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 276.62 310.95 Td (for ) Tj ET Q q 0 0 0 rg BT 289.63 310.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 339.66 310.95 Td (of ) Tj ET Q q 0 0 0 rg BT 349.66 310.95 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 310.95 Td (A) Tj ET Q q 0 0 0 rg BT 379.68 310.95 Td ( ) Tj ET Q q 0 0 0 rg BT 382.18 310.95 Td (Shares.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 291.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.41 291.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.82 291.45 Td (year ) Tj ET Q q 0 0 0 rg BT 121.24 291.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.17 291.45 Td (September ) Tj ET Q q 0 0 0 rg BT 194.10 291.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 208.52 291.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.54 291.45 Td (, ) Tj ET Q q 0 0 0 rg BT 232.94 291.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.36 291.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.78 291.45 Td (paid ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.71 291.45 Td ($23.1 ) Tj ET Q q 0 0 0 rg BT 331.13 291.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.64 291.45 Td ( ) Tj ET Q q 0 0 0 rg BT 358.55 291.45 Td (to ) Tj ET Q q 0 0 0 rg BT 367.96 291.45 Td (acquire ) Tj ET Q q 0 0 0 rg BT 399.38 291.45 Td (the ) Tj ET Q q 0 0 0 rg BT 413.80 291.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 455.22 291.45 Td (3.9% ) Tj ET Q q 0 0 0 rg BT 477.64 291.45 Td (of ) Tj ET Q q 0 0 0 rg BT 487.05 291.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 535.50 291.45 Td (shares ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 277.95 Td (of ) Tj ET Q q 0 0 0 rg BT 81.51 277.95 Td (Acando.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 258.45 Td (For ) Tj ET Q q 0 0 0 rg BT 87.24 258.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.50 258.45 Td (year ) Tj ET Q q 0 0 0 rg BT 120.75 258.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.51 258.45 Td (September ) Tj ET Q q 0 0 0 rg BT 193.28 258.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 207.53 258.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 227.56 258.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.80 258.45 Td ($55.3 ) Tj ET Q q 0 0 0 rg BT 256.06 258.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.57 258.45 Td ( ) Tj ET Q q 0 0 0 rg BT 283.31 258.45 Td (was ) Tj ET Q q 0 0 0 rg BT 301.06 258.45 Td (used ) Tj ET Q q 0 0 0 rg BT 322.32 258.45 Td (to ) Tj ET Q q 0 0 0 rg BT 331.56 258.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 370.33 258.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 394.23 258.45 Td (A) Tj ET Q q 0 0 0 rg BT 399.74 258.45 Td ( ) Tj ET Q q 0 0 0 rg BT 401.48 258.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 431.74 258.45 Td (in ) Tj ET Q q 0 0 0 rg BT 440.49 258.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 485.76 258.45 Td (with ) Tj ET Q q 0 0 0 rg BT 503.51 258.45 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 258.45 Td (Company's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 244.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 126.71 244.95 Td (Share ) Tj ET Q q 0 0 0 rg BT 153.92 244.95 Td (Unit ) Tj ET Q q 0 0 0 rg BT 173.12 244.95 Td (Plans ) Tj ET Q q 0 0 0 rg BT 198.82 244.95 Td (\(PSU ) Tj ET Q q 0 0 0 rg BT 223.52 244.95 Td (Plans\) ) Tj ET Q q 0 0 0 rg BT 252.22 244.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 295.43 244.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.13 244.95 Td ($30.7 ) Tj ET Q q 0 0 0 rg BT 331.84 244.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.35 244.95 Td ( ) Tj ET Q q 0 0 0 rg BT 360.54 244.95 Td (during ) Tj ET Q q 0 0 0 rg BT 388.75 244.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.45 244.95 Td (year ) Tj ET Q q 0 0 0 rg BT 425.15 244.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 453.37 244.95 Td (September ) Tj ET Q q 0 0 0 rg BT 500.58 244.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 516.29 244.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.31 244.95 Td (. ) Tj ET Q q 0 0 0 rg BT 542.00 244.95 Td (More ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 231.45 Td (information ) Tj ET Q q 0 0 0 rg BT 119.02 231.45 Td (concerning ) Tj ET Q q 0 0 0 rg BT 165.55 231.45 Td (the ) Tj ET Q q 0 0 0 rg BT 180.56 231.45 Td (PSU ) Tj ET Q q 0 0 0 rg BT 201.57 231.45 Td (Plans ) Tj ET Q q 0 0 0 rg BT 226.58 231.45 Td (can ) Tj ET Q q 0 0 0 rg BT 243.59 231.45 Td (be ) Tj ET Q q 0 0 0 rg BT 256.10 231.45 Td (found ) Tj ET Q q 0 0 0 rg BT 281.13 231.45 Td (in ) Tj ET Q q 0 0 0 rg BT 290.63 231.45 Td (note ) Tj ET Q q 0 0 0 rg BT 310.65 231.45 Td (20 ) Tj ET Q q 0 0 0 rg BT 323.16 231.45 Td (of ) Tj ET Q q 0 0 0 rg BT 333.17 231.45 Td (the ) Tj ET Q q 0 0 0 rg BT 348.18 231.45 Td (audited ) Tj ET Q q 0 0 0 rg BT 380.21 231.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 433.24 231.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.76 231.45 Td (statements.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 211.95 Td (For ) Tj ET Q q 0 0 0 rg BT 88.35 211.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.72 211.95 Td (year ) Tj ET Q q 0 0 0 rg BT 124.08 211.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.96 211.95 Td (September ) Tj ET Q q 0 0 0 rg BT 198.84 211.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 214.20 211.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.22 211.95 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.58 211.95 Td ($1,043.5 ) Tj ET Q q 0 0 0 rg BT 277.46 211.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.97 211.95 Td ( ) Tj ET Q q 0 0 0 rg BT 305.82 211.95 Td (was ) Tj ET Q q 0 0 0 rg BT 324.68 211.95 Td (used ) Tj ET Q q 0 0 0 rg BT 347.05 211.95 Td (to ) Tj ET Q q 0 0 0 rg BT 357.41 211.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 374.78 211.95 Td (for ) Tj ET Q q 0 0 0 rg BT 388.13 211.95 Td (the ) Tj ET Q q 0 0 0 rg BT 403.50 211.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 443.37 211.95 Td (for ) Tj ET Q q 0 0 0 rg BT 456.73 211.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 507.12 211.95 Td (of ) Tj ET Q q 0 0 0 rg BT 517.48 211.95 Td (10,605,464 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 198.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 97.11 198.45 Td (A) Tj ET Q q 0 0 0 rg BT 102.62 198.45 Td ( ) Tj ET Q q 0 0 0 rg BT 105.87 198.45 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 140.13 198.45 Td (During ) Tj ET Q q 0 0 0 rg BT 169.89 198.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.66 198.45 Td (year ) Tj ET Q q 0 0 0 rg BT 206.41 198.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.69 198.45 Td (September ) Tj ET Q q 0 0 0 rg BT 281.96 198.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 297.73 198.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.75 198.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.50 198.45 Td ($1,130.3 ) Tj ET Q q 0 0 0 rg BT 361.78 198.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.29 198.45 Td ( ) Tj ET Q q 0 0 0 rg BT 390.54 198.45 Td (was ) Tj ET Q q 0 0 0 rg BT 409.79 198.45 Td (used ) Tj ET Q q 0 0 0 rg BT 432.56 198.45 Td (to ) Tj ET Q q 0 0 0 rg BT 443.31 198.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 483.59 198.45 Td (12,510,232 ) Tj ET Q q 0 0 0 rg BT 531.88 198.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 556.99 198.45 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 198.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 184.95 Td (Shares ) Tj ET Q q 0 0 0 rg BT 103.02 184.95 Td (for ) Tj ET Q q 0 0 0 rg BT 116.02 184.95 Td (cancellation.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 165.45 Td (Finally) Tj ET Q q 0 0 0 rg BT 97.34 165.45 Td (, ) Tj ET Q q 0 0 0 rg BT 102.81 165.45 Td (for ) Tj ET Q q 0 0 0 rg BT 116.28 165.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.76 165.45 Td (year ) Tj ET Q q 0 0 0 rg BT 152.24 165.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 180.23 165.45 Td (September ) Tj ET Q q 0 0 0 rg BT 227.23 165.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 242.71 165.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.73 165.45 Td (, ) Tj ET Q q 0 0 0 rg BT 268.20 165.45 Td (we ) Tj ET Q q 0 0 0 rg BT 282.67 165.45 Td (received ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.66 165.45 Td ($57.3 ) Tj ET Q q 0 0 0 rg BT 345.15 165.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.66 165.45 Td ( ) Tj ET Q q 0 0 0 rg BT 373.63 165.45 Td (in ) Tj ET Q q 0 0 0 rg BT 383.60 165.45 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 423.59 165.45 Td (from ) Tj ET Q q 0 0 0 rg BT 444.56 165.45 Td (the ) Tj ET Q q 0 0 0 rg BT 460.04 165.45 Td (exercise ) Tj ET Q q 0 0 0 rg BT 496.53 165.45 Td (of ) Tj ET Q q 0 0 0 rg BT 507.00 165.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 530.98 165.45 Td (options, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 151.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 114.52 151.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 124.53 151.95 Td ($63.6 ) Tj ET Q q 0 0 0 rg BT 149.55 151.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.06 151.95 Td ( ) Tj ET Q q 0 0 0 rg BT 177.56 151.95 Td (during ) Tj ET Q q 0 0 0 rg BT 205.08 151.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.09 151.95 Td (year ) Tj ET Q q 0 0 0 rg BT 240.10 151.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 267.62 151.95 Td (September ) Tj ET Q q 0 0 0 rg BT 314.15 151.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 329.16 151.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.18 151.95 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 126.15 Td (4.1.4. ) Tj ET Q q 0 0 0 rg BT 98.52 126.15 Td (Effect ) Tj ET Q q 0 0 0 rg BT 126.02 126.15 Td (of ) Tj ET Q q 0 0 0 rg BT 137.02 126.15 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 172.52 126.15 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 217.54 126.15 Td (Rate ) Tj ET Q q 0 0 0 rg BT 239.54 126.15 Td (Changes ) Tj ET Q q 0 0 0 rg BT 280.05 126.15 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 126.15 Td (Cash ) Tj ET Q q 0 0 0 rg BT 318.06 126.15 Td (and ) Tj ET Q q 0 0 0 rg BT 336.56 126.15 Td (Cash ) Tj ET Q q 0 0 0 rg BT 361.06 126.15 Td (Equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 109.65 Td (For ) Tj ET Q q 0 0 0 rg BT 87.84 109.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.20 109.65 Td (year ) Tj ET Q q 0 0 0 rg BT 123.55 109.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.42 109.65 Td (September ) Tj ET Q q 0 0 0 rg BT 198.28 109.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 213.64 109.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.66 109.65 Td (, ) Tj ET Q q 0 0 0 rg BT 239.00 109.65 Td (the ) Tj ET Q q 0 0 0 rg BT 254.35 109.65 Td (ef) Tj ET Q q 0 0 0 rg BT 261.70 109.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 279.04 109.65 Td (of ) Tj ET Q q 0 0 0 rg BT 289.39 109.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 319.75 109.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 361.63 109.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 379.98 109.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 416.85 109.65 Td (on ) Tj ET Q q 0 0 0 rg BT 429.70 109.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 451.55 109.65 Td (and ) Tj ET Q q 0 0 0 rg BT 469.41 109.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.27 109.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 539.64 109.65 Td (had ) Tj ET Q q 0 0 0 rg BT 557.50 109.65 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 96.15 Td (favourable ) Tj ET Q q 0 0 0 rg BT 116.54 96.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.05 96.15 Td (of ) Tj ET Q q 0 0 0 rg BT 156.56 96.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.57 96.15 Td ($33.9million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.09 96.15 Td (. ) Tj ET Q q 0 0 0 rg BT 215.41 96.15 Td (This ) Tj ET Q q 0 0 0 rg BT 235.41 96.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.44 96.15 Td (had ) Tj ET Q q 0 0 0 rg BT 286.46 96.15 Td (no ) Tj ET Q q 0 0 0 rg BT 299.48 96.15 Td (ef) Tj ET Q q 0 0 0 rg BT 306.82 96.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 324.33 96.15 Td (on ) Tj ET Q q 0 0 0 rg BT 337.35 96.15 Td (net ) Tj ET Q q 0 0 0 rg BT 352.87 96.15 Td (earnings ) Tj ET Q q 0 0 0 rg BT 390.40 96.15 Td (as ) Tj ET Q q 0 0 0 rg BT 402.91 96.15 Td (it ) Tj ET Q q 0 0 0 rg BT 410.41 96.15 Td (was ) Tj ET Q q 0 0 0 rg BT 429.42 96.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 467.95 96.15 Td (in ) Tj ET Q q 0 0 0 rg BT 477.96 96.15 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 96.15 Td (comprehensive ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 82.65 Td (income.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (32) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (4.2. CAPIT) Tj ET Q q 0 0 0 rg BT 117.34 708.95 Td (AL) Tj ET Q q 0 0 0 rg BT 129.18 708.95 Td ( RESOURCES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.69 708.95 Td () Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 698.45 403.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 475.50 698.45 87.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 475.50 685.45 87.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 475.50 675.45 87.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 475.50 662.45 87.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 475.50 649.45 87.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 475.50 636.45 87.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 623.45 403.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 475.50 623.45 87.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 698.45 m 475.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 698.45 m 562.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 610.45 m 475.5 610.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 610.45 m 562.5 610.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 689.93 Td (As at September 30, 2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 518.15 689.93 Td (A) Tj ET Q q 1 1 1 rg BT 523.63 689.93 Td (vailable) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 677.85 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 666.68 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.70 666.73 Td (1,707,985) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 653.68 Td (Short-term investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 653.73 Td (1,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 640.68 Td (Long-term investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 640.73 Td (22,612) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 627.68 Td (Unsecured committed revolving credit facility) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 233.28 631.49 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.70 627.73 Td (1,490,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 614.68 Td (T) Tj ET Q q 0 0 0 rg BT 79.29 614.68 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.70 614.73 Td (3,222,371) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 599.89 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.53 596.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 596.55 Td (As at ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 103.40 596.55 Td (September30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 166.83 596.55 Td (, letters of credit in the amount of $9.7 million were outstanding against the $1.5 billion unsecured committed revolving credit ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 588.15 Td (facility) Tj ET Q q 0 0 0 rg BT 104.43 588.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 568.65 Td (As ) Tj ET Q q 0 0 0 rg BT 84.50 568.65 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.51 568.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 156.05 568.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.07 568.65 Td (, ) Tj ET Q q 0 0 0 rg BT 181.07 568.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.58 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 220.10 568.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.61 568.65 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 289.64 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 307.16 568.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 357.68 568.65 Td (represented ) Tj ET Q q 0 0 0 rg BT 408.21 568.65 Td ($1,732.1 ) Tj ET Q q 0 0 0 rg BT 445.74 568.65 Td (million.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 549.15 Td (Cash ) Tj ET Q q 0 0 0 rg BT 94.94 549.15 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 142.90 549.15 Td (include ) Tj ET Q q 0 0 0 rg BT 173.85 549.15 Td (term ) Tj ET Q q 0 0 0 rg BT 194.28 549.15 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 232.73 549.15 Td (all ) Tj ET Q q 0 0 0 rg BT 244.17 549.15 Td (with ) Tj ET Q q 0 0 0 rg BT 262.60 549.15 Td (maturities ) Tj ET Q q 0 0 0 rg BT 304.04 549.15 Td (of ) Tj ET Q q 0 0 0 rg BT 313.98 549.15 Td (90 ) Tj ET Q q 0 0 0 rg BT 326.42 549.15 Td (days ) Tj ET Q q 0 0 0 rg BT 347.86 549.15 Td (or ) Tj ET Q q 0 0 0 rg BT 358.29 549.15 Td (less. ) Tj ET Q q 0 0 0 rg BT 379.23 549.15 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 424.16 549.15 Td (investments ) Tj ET Q q 0 0 0 rg BT 474.61 549.15 Td (include ) Tj ET Q q 0 0 0 rg BT 505.56 549.15 Td (money ) Tj ET Q q 0 0 0 rg BT 535.00 549.15 Td (market ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 535.65 Td (securities, ) Tj ET Q q 0 0 0 rg BT 114.37 535.65 Td (with ) Tj ET Q q 0 0 0 rg BT 132.74 535.65 Td (initial ) Tj ET Q q 0 0 0 rg BT 155.61 535.65 Td (maturities ) Tj ET Q q 0 0 0 rg BT 196.98 535.65 Td (ranging ) Tj ET Q q 0 0 0 rg BT 229.36 535.65 Td (from ) Tj ET Q q 0 0 0 rg BT 249.72 535.65 Td (91 ) Tj ET Q q 0 0 0 rg BT 262.09 535.65 Td (days ) Tj ET Q q 0 0 0 rg BT 283.46 535.65 Td (to ) Tj ET Q q 0 0 0 rg BT 293.33 535.65 Td (one ) Tj ET Q q 0 0 0 rg BT 310.70 535.65 Td (year) Tj ET Q q 0 0 0 rg BT 327.71 535.65 Td (. ) Tj ET Q q 0 0 0 rg BT 332.57 535.65 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 375.95 535.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 426.33 535.65 Td (include ) Tj ET Q q 0 0 0 rg BT 457.21 535.65 Td (corporate ) Tj ET Q q 0 0 0 rg BT 497.59 535.65 Td (and ) Tj ET Q q 0 0 0 rg BT 514.97 535.65 Td (government ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 522.15 Td (bonds ) Tj ET Q q 0 0 0 rg BT 98.52 522.15 Td (with ) Tj ET Q q 0 0 0 rg BT 117.03 522.15 Td (maturities ) Tj ET Q q 0 0 0 rg BT 158.54 522.15 Td (ranging ) Tj ET Q q 0 0 0 rg BT 191.06 522.15 Td (from ) Tj ET Q q 0 0 0 rg BT 211.56 522.15 Td (one ) Tj ET Q q 0 0 0 rg BT 229.08 522.15 Td (to ) Tj ET Q q 0 0 0 rg BT 239.09 522.15 Td (five ) Tj ET Q q 0 0 0 rg BT 255.59 522.15 Td (years, ) Tj ET Q q 0 0 0 rg BT 282.60 522.15 Td (with ) Tj ET Q q 0 0 0 rg BT 301.11 522.15 Td (a ) Tj ET Q q 0 0 0 rg BT 308.61 522.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 333.12 522.15 Td (rating ) Tj ET Q q 0 0 0 rg BT 358.13 522.15 Td (of ) Tj ET Q q 0 0 0 rg BT 367.64 522.15 Td (A- ) Tj ET Q q 0 0 0 rg BT 379.14 522.15 Td (or ) Tj ET Q q 0 0 0 rg BT 389.65 522.15 Td (higher) Tj ET Q q 0 0 0 rg BT 414.17 522.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 502.65 Td (As ) Tj ET Q q 0 0 0 rg BT 84.93 502.65 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 95.36 502.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 157.32 502.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.34 502.65 Td (, ) Tj ET Q q 0 0 0 rg BT 182.76 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 198.20 502.65 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 241.66 502.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 274.60 502.65 Td (of ) Tj ET Q q 0 0 0 rg BT 285.03 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 300.47 502.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 329.41 502.65 Td (resources ) Tj ET Q q 0 0 0 rg BT 371.85 502.65 Td (available ) Tj ET Q q 0 0 0 rg BT 410.30 502.65 Td (to ) Tj ET Q q 0 0 0 rg BT 420.73 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 436.16 502.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 477.61 502.65 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.54 502.65 Td ($3,222.4 ) Tj ET Q q 0 0 0 rg BT 534.49 502.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.00 502.65 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 489.15 Td (The ) Tj ET Q q 0 0 0 rg BT 89.30 489.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 129.61 489.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 149.42 489.15 Td (agreements ) Tj ET Q q 0 0 0 rg BT 199.24 489.15 Td (contain ) Tj ET Q q 0 0 0 rg BT 230.56 489.15 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 276.38 489.15 Td (which ) Tj ET Q q 0 0 0 rg BT 301.68 489.15 Td (require ) Tj ET Q q 0 0 0 rg BT 331.99 489.15 Td (us ) Tj ET Q q 0 0 0 rg BT 343.79 489.15 Td (to ) Tj ET Q q 0 0 0 rg BT 353.59 489.15 Td (maintain ) Tj ET Q q 0 0 0 rg BT 389.90 489.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 419.21 489.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.52 489.15 Td (ratios. ) Tj ET Q q 0 0 0 rg BT 480.87 489.15 Td (As ) Tj ET Q q 0 0 0 rg BT 493.67 489.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.47 489.15 Td (September30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 475.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 91.52 475.65 Td (, ) Tj ET Q q 0 0 0 rg BT 96.52 475.65 Td (CGI ) Tj ET Q q 0 0 0 rg BT 115.02 475.65 Td (was ) Tj ET Q q 0 0 0 rg BT 133.53 475.65 Td (in ) Tj ET Q q 0 0 0 rg BT 143.03 475.65 Td (compliance ) Tj ET Q q 0 0 0 rg BT 191.06 475.65 Td (with ) Tj ET Q q 0 0 0 rg BT 209.56 475.65 Td (these ) Tj ET Q q 0 0 0 rg BT 234.08 475.65 Td (covenants.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 456.15 Td (T) Tj ET Q q 0 0 0 rg BT 76.00 456.15 Td (otal ) Tj ET Q q 0 0 0 rg BT 93.63 456.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.27 456.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 156.42 456.15 Td (by ) Tj ET Q q 0 0 0 rg BT 169.05 456.15 Td ($1,255.9 ) Tj ET Q q 0 0 0 rg BT 207.20 456.15 Td (million ) Tj ET Q q 0 0 0 rg BT 235.83 456.15 Td (to ) Tj ET Q q 0 0 0 rg BT 246.46 456.15 Td ($3,587.1 ) Tj ET Q q 0 0 0 rg BT 284.62 456.15 Td (million ) Tj ET Q q 0 0 0 rg BT 313.25 456.15 Td (as ) Tj ET Q q 0 0 0 rg BT 325.88 456.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.50 456.15 Td (September30, ) Tj ET Q q 0 0 0 rg BT 398.66 456.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.69 456.15 Td ( ) Tj ET Q q 0 0 0 rg BT 421.81 456.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 464.95 456.15 Td (to ) Tj ET Q q 0 0 0 rg BT 475.58 456.15 Td ($2,331.2 ) Tj ET Q q 0 0 0 rg BT 513.74 456.15 Td (million ) Tj ET Q q 0 0 0 rg BT 542.37 456.15 Td (as ) Tj ET Q q 0 0 0 rg BT 555.00 456.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 442.65 Td (September ) Tj ET Q q 0 0 0 rg BT 118.21 442.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 133.40 442.65 Td (2019. ) Tj ET Q q 0 0 0 rg BT 158.43 442.65 Td (The ) Tj ET Q q 0 0 0 rg BT 176.62 442.65 Td (variance ) Tj ET Q q 0 0 0 rg BT 213.32 442.65 Td (was ) Tj ET Q q 0 0 0 rg BT 232.00 442.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 260.69 442.65 Td (due ) Tj ET Q q 0 0 0 rg BT 278.39 442.65 Td (to ) Tj ET Q q 0 0 0 rg BT 288.57 442.65 Td (the ) Tj ET Q q 0 0 0 rg BT 303.77 442.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 344.98 442.65 Td ($1,764.7 ) Tj ET Q q 0 0 0 rg BT 382.69 442.65 Td (million ) Tj ET Q q 0 0 0 rg BT 410.88 442.65 Td (\(US$1,250.0 ) Tj ET Q q 0 0 0 rg BT 464.09 442.65 Td (million\) ) Tj ET Q q 0 0 0 rg BT 495.28 442.65 Td (received ) Tj ET Q q 0 0 0 rg BT 531.98 442.65 Td (through ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 429.15 Td (the ) Tj ET Q q 0 0 0 rg BT 86.43 429.15 Td (2020 ) Tj ET Q q 0 0 0 rg BT 108.71 429.15 Td (T) Tj ET Q q 0 0 0 rg BT 113.21 429.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 131.12 429.15 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 156.06 429.15 Td (partially ) Tj ET Q q 0 0 0 rg BT 189.49 429.15 Td (of) Tj ET Q q 0 0 0 rg BT 196.83 429.15 Td (fset ) Tj ET Q q 0 0 0 rg BT 213.76 429.15 Td (by ) Tj ET Q q 0 0 0 rg BT 225.68 429.15 Td (the ) Tj ET Q q 0 0 0 rg BT 240.60 429.15 Td (change ) Tj ET Q q 0 0 0 rg BT 272.55 429.15 Td (in ) Tj ET Q q 0 0 0 rg BT 281.97 429.15 Td (the ) Tj ET Q q 0 0 0 rg BT 296.90 429.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 341.34 429.15 Td (committed ) Tj ET Q q 0 0 0 rg BT 385.27 429.15 Td (revolving ) Tj ET Q q 0 0 0 rg BT 423.70 429.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 448.12 429.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 475.55 429.15 Td (of ) Tj ET Q q 0 0 0 rg BT 485.47 429.15 Td ($334.4 ) Tj ET Q q 0 0 0 rg BT 515.41 429.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.92 429.15 Td (,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.17 429.15 Td ( ) Tj ET Q q 0 0 0 rg BT 545.58 429.15 Td (by ) Tj ET Q q 0 0 0 rg BT 557.50 429.15 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 415.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 100.61 415.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 141.24 415.65 Td (translation ) Tj ET Q q 0 0 0 rg BT 184.36 415.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 212.46 415.65 Td (of ) Tj ET Q q 0 0 0 rg BT 221.56 415.65 Td ($77.1 ) Tj ET Q q 0 0 0 rg BT 245.68 415.65 Td (million ) Tj ET Q q 0 0 0 rg BT 272.78 415.65 Td (and ) Tj ET Q q 0 0 0 rg BT 289.39 415.65 Td (by ) Tj ET Q q 0 0 0 rg BT 300.49 415.65 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 343.12 415.65 Td (repayments ) Tj ET Q q 0 0 0 rg BT 391.73 415.65 Td (of ) Tj ET Q q 0 0 0 rg BT 400.83 415.65 Td (the ) Tj ET Q q 0 0 0 rg BT 414.94 415.65 Td (Senior ) Tj ET Q q 0 0 0 rg BT 442.55 415.65 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 486.17 415.65 Td (notes ) Tj ET Q q 0 0 0 rg BT 509.79 415.65 Td (in ) Tj ET Q q 0 0 0 rg BT 518.38 415.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.49 415.65 Td (amount ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 402.15 Td (of ) Tj ET Q q 0 0 0 rg BT 81.51 402.15 Td ($65.9 ) Tj ET Q q 0 0 0 rg BT 106.53 402.15 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.03 402.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 382.65 Td (As ) Tj ET Q q 0 0 0 rg BT 84.24 382.65 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 93.99 382.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 155.27 382.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.29 382.65 Td (, ) Tj ET Q q 0 0 0 rg BT 180.03 382.65 Td (CGI ) Tj ET Q q 0 0 0 rg BT 198.28 382.65 Td (was ) Tj ET Q q 0 0 0 rg BT 216.52 382.65 Td (showing ) Tj ET Q q 0 0 0 rg BT 251.78 382.65 Td (a ) Tj ET Q q 0 0 0 rg BT 259.03 382.65 Td (positive ) Tj ET Q q 0 0 0 rg BT 291.79 382.65 Td (working ) Tj ET Q q 0 0 0 rg BT 325.04 382.65 Td (capital) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 351.06 385.99 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.59 382.65 Td ( ) Tj ET Q q 0 0 0 rg BT 355.83 382.65 Td (of ) Tj ET Q q 0 0 0 rg BT 365.58 382.65 Td ($1,280.2 ) Tj ET Q q 0 0 0 rg BT 402.85 382.65 Td (million. ) Tj ET Q q 0 0 0 rg BT 432.96 382.65 Td (The ) Tj ET Q q 0 0 0 rg BT 450.71 382.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.46 382.65 Td (also ) Tj ET Q q 0 0 0 rg BT 510.22 382.65 Td (had ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.47 382.65 Td ($1,490.3 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 369.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.01 369.15 Td ( ) Tj ET Q q 0 0 0 rg BT 100.05 369.15 Td (available ) Tj ET Q q 0 0 0 rg BT 138.62 369.15 Td (under ) Tj ET Q q 0 0 0 rg BT 164.68 369.15 Td (its ) Tj ET Q q 0 0 0 rg BT 176.73 369.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 221.80 369.15 Td (committed ) Tj ET Q q 0 0 0 rg BT 266.36 369.15 Td (revolving ) Tj ET Q q 0 0 0 rg BT 305.42 369.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.47 369.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 358.52 369.15 Td (and ) Tj ET Q q 0 0 0 rg BT 376.59 369.15 Td (is ) Tj ET Q q 0 0 0 rg BT 386.13 369.15 Td (generating ) Tj ET Q q 0 0 0 rg BT 431.71 369.15 Td (a ) Tj ET Q q 0 0 0 rg BT 439.76 369.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 482.83 369.15 Td (level ) Tj ET Q q 0 0 0 rg BT 504.38 369.15 Td (of ) Tj ET Q q 0 0 0 rg BT 514.93 369.15 Td (cash, ) Tj ET Q q 0 0 0 rg BT 539.49 369.15 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 355.65 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 96.75 355.65 Td (management ) Tj ET Q q 0 0 0 rg BT 152.32 355.65 Td (currently ) Tj ET Q q 0 0 0 rg BT 189.86 355.65 Td (considers ) Tj ET Q q 0 0 0 rg BT 231.42 355.65 Td (will ) Tj ET Q q 0 0 0 rg BT 246.95 355.65 Td (allow ) Tj ET Q q 0 0 0 rg BT 270.49 355.65 Td (the ) Tj ET Q q 0 0 0 rg BT 286.04 355.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.59 355.65 Td (to ) Tj ET Q q 0 0 0 rg BT 338.13 355.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 358.68 355.65 Td (its ) Tj ET Q q 0 0 0 rg BT 370.71 355.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 415.78 355.65 Td (while ) Tj ET Q q 0 0 0 rg BT 439.32 355.65 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 488.38 355.65 Td (adequate ) Tj ET Q q 0 0 0 rg BT 528.96 355.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 555.00 355.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 342.15 Td (liquidity) Tj ET Q q 0 0 0 rg BT 100.85 342.15 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 320.50 Td (The ) Tj ET Q q 0 0 0 rg BT 89.51 320.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.02 320.50 Td (implications ) Tj ET Q q 0 0 0 rg BT 153.53 320.50 Td (and ) Tj ET Q q 0 0 0 rg BT 171.05 320.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 200.06 320.50 Td (related ) Tj ET Q q 0 0 0 rg BT 230.08 320.50 Td (to ) Tj ET Q q 0 0 0 rg BT 240.08 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.09 320.50 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 302.62 320.50 Td (of ) Tj ET Q q 0 0 0 rg BT 312.63 320.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.14 320.50 Td (will ) Tj ET Q q 0 0 0 rg BT 349.14 320.50 Td (not ) Tj ET Q q 0 0 0 rg BT 364.15 320.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 405.16 320.50 Td (af) Tj ET Q q 0 0 0 rg BT 412.50 320.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.51 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 444.52 320.50 Td (Company) Tj ET Q q 0 0 0 rg BT 484.88 320.50 Td (s ) Tj ET Q q 0 0 0 rg BT 491.88 320.50 Td (liquidity) Tj ET Q q 0 0 0 rg BT 521.22 320.50 Td (.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 71.50 247.94 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.03 244.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 244.60 Td (W) Tj ET Q q 0 0 0 rg BT 91.98 244.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 112.99 244.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 135.17 244.60 Td (is ) Tj ET Q q 0 0 0 rg BT 142.17 244.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 167.08 244.60 Td (as ) Tj ET Q q 0 0 0 rg BT 176.42 244.60 Td (total ) Tj ET Q q 0 0 0 rg BT 191.59 244.60 Td (current ) Tj ET Q q 0 0 0 rg BT 215.32 244.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.50 244.60 Td (minus ) Tj ET Q q 0 0 0 rg BT 258.12 244.60 Td (total ) Tj ET Q q 0 0 0 rg BT 273.29 244.60 Td (current ) Tj ET Q q 0 0 0 rg BT 297.02 244.60 Td (liabilities.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (33) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 708.95 Td (4.3. ) Tj ET Q q 0 0 0 rg BT 91.01 708.95 Td (CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 159.84 708.95 Td ( ) Tj ET Q q 0 0 0 rg BT 162.34 708.95 Td (OBLIGA) Tj ET Q q 0 0 0 rg BT 196.67 708.95 Td (TIONS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 689.45 Td (e ) Tj ET Q q 0 0 0 rg BT 88.00 689.45 Td (are ) Tj ET Q q 0 0 0 rg BT 103.67 689.45 Td (committed ) Tj ET Q q 0 0 0 rg BT 147.85 689.45 Td (under ) Tj ET Q q 0 0 0 rg BT 173.53 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 689.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 213.87 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 224.04 689.45 Td (contractual ) Tj ET Q q 0 0 0 rg BT 270.73 689.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 316.42 689.45 Td (which ) Tj ET Q q 0 0 0 rg BT 342.10 689.45 Td (have ) Tj ET Q q 0 0 0 rg BT 364.28 689.45 Td (various ) Tj ET Q q 0 0 0 rg BT 395.95 689.45 Td (expiration ) Tj ET Q q 0 0 0 rg BT 437.64 689.45 Td (dates, ) Tj ET Q q 0 0 0 rg BT 464.82 689.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 501.49 689.45 Td (for ) Tj ET Q q 0 0 0 rg BT 514.65 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 529.83 689.45 Td (rental ) Tj ET Q q 0 0 0 rg BT 555.01 689.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (premises, ) Tj ET Q q 0 0 0 rg BT 115.46 675.95 Td (computer ) Tj ET Q q 0 0 0 rg BT 157.42 675.95 Td (equipment ) Tj ET Q q 0 0 0 rg BT 203.90 675.95 Td (used ) Tj ET Q q 0 0 0 rg BT 227.86 675.95 Td (in ) Tj ET Q q 0 0 0 rg BT 239.32 675.95 Td (outsourcing ) Tj ET Q q 0 0 0 rg BT 290.29 675.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 331.25 675.95 Td (and ) Tj ET Q q 0 0 0 rg BT 350.72 675.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 393.18 675.95 Td (service ) Tj ET Q q 0 0 0 rg BT 426.13 675.95 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 480.61 675.95 Td (For ) Tj ET Q q 0 0 0 rg BT 498.56 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 515.52 675.95 Td (year ) Tj ET Q q 0 0 0 rg BT 537.47 675.95 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 662.45 Td (September ) Tj ET Q q 0 0 0 rg BT 118.86 662.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 134.21 662.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 159.57 662.45 Td (the ) Tj ET Q q 0 0 0 rg BT 174.92 662.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.28 662.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 258.14 662.45 Td (its ) Tj ET Q q 0 0 0 rg BT 269.98 662.45 Td (commitments ) Tj ET Q q 0 0 0 rg BT 326.33 662.45 Td (by ) Tj ET Q q 0 0 0 rg BT 338.67 662.45 Td ($1,319.5 ) Tj ET Q q 0 0 0 rg BT 376.55 662.45 Td (million ) Tj ET Q q 0 0 0 rg BT 404.89 662.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 433.74 662.45 Td (due ) Tj ET Q q 0 0 0 rg BT 451.59 662.45 Td (to ) Tj ET Q q 0 0 0 rg BT 461.94 662.45 Td (the ) Tj ET Q q 0 0 0 rg BT 477.29 662.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 514.14 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 524.49 662.45 Td (long-term ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (debt.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 71.75 632.45 225.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 296.75 632.45 53.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 349.75 632.45 53.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 402.75 632.45 53.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 455.75 632.45 53.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 508.75 632.45 53.00 -23.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 530.45 225.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 296.75 530.45 53.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 349.75 530.45 53.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 402.75 530.45 53.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 455.75 530.45 53.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 508.75 530.45 53.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 632.45 m 296.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 296.75 632.45 m 349.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.75 632.45 m 402.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.75 632.45 m 455.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 455.75 632.45 m 508.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.75 632.45 m 561.75 632.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 517.45 m 296.75 517.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 296.75 517.45 m 349.75 517.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.75 517.45 m 402.75 517.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.75 517.45 m 455.75 517.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 455.75 517.45 m 508.75 517.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.75 517.45 m 561.75 517.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 74.25 618.93 Td (Commitment type) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 327.70 618.93 Td (T) Tj ET Q q 1 1 1 rg BT 331.99 618.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 355.20 624.13 Td (Less than 1) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 382.75 613.73 Td (year) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 413.10 618.93 Td (1 - 3 years) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 466.10 618.93 Td (3 - 5 years) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 513.35 624.13 Td (More than 5) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 537.30 613.73 Td (years) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.25 601.85 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 589.68 Td (Long-term debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.95 589.73 Td (3,582,216) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.55 589.68 Td (310,726) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.95 589.73 Td (2,137,273) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.95 589.73 Td (1,134,210) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.10 589.73 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 576.68 Td (Estimated interest on long-term debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.60 576.73 Td (189,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.05 576.73 Td (84,472) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.05 576.73 Td (84,659) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.05 576.73 Td (20,592) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 563.68 Td (Lease liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.60 563.73 Td (876,370) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.55 563.68 Td (178,720) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 563.68 Td (280,259) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.55 563.68 Td (202,565) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 563.73 Td (214,826) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 547.68 Td (Estimated interest on lease liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.60 547.73 Td (126,123) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.05 547.73 Td (28,897) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.05 547.73 Td (45,705) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.05 547.73 Td (27,306) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.05 547.73 Td (24,215) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 534.68 Td (Long-term service agreements and other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.60 534.73 Td (235,781) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.55 534.68 Td (124,776) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 534.68 Td (1) Tj ET Q q 0 0 0 rg BT 428.00 534.68 Td (10,790) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.20 534.73 Td (215) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 521.68 Td (T) Tj ET Q q 0 0 0 rg BT 78.54 521.68 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.95 521.73 Td (5,010,213) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.55 521.68 Td (727,591) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.95 521.73 Td (2,658,686) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.95 521.73 Td (1,384,888) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 521.73 Td (239,048) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 489.45 Td (4.4. ) Tj ET Q q 0 0 0 rg BT 91.01 489.45 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 139.34 489.45 Td ( ) Tj ET Q q 0 0 0 rg BT 141.84 489.45 Td (INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 209.01 489.45 Td (AND ) Tj ET Q q 0 0 0 rg BT 231.01 489.45 Td (HEDGING ) Tj ET Q q 0 0 0 rg BT 275.51 489.45 Td (TRANSACTIONS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 469.95 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 469.95 Td (e ) Tj ET Q q 0 0 0 rg BT 87.61 469.95 Td (use ) Tj ET Q q 0 0 0 rg BT 104.39 469.95 Td (various ) Tj ET Q q 0 0 0 rg BT 135.68 469.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.97 469.95 Td (instruments ) Tj ET Q q 0 0 0 rg BT 219.76 469.95 Td (to ) Tj ET Q q 0 0 0 rg BT 229.54 469.95 Td (help ) Tj ET Q q 0 0 0 rg BT 248.82 469.95 Td (us ) Tj ET Q q 0 0 0 rg BT 260.60 469.95 Td (manage ) Tj ET Q q 0 0 0 rg BT 295.40 469.95 Td (our ) Tj ET Q q 0 0 0 rg BT 310.68 469.95 Td (exposure ) Tj ET Q q 0 0 0 rg BT 349.97 469.95 Td (to ) Tj ET Q q 0 0 0 rg BT 359.75 469.95 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 407.55 469.95 Td (of ) Tj ET Q q 0 0 0 rg BT 417.33 469.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 447.12 469.95 Td (currency ) Tj ET Q q 0 0 0 rg BT 483.90 469.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 525.20 469.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 547.48 469.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 456.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 103.79 456.45 Td (rates. ) Tj ET Q q 0 0 0 rg BT 128.57 456.45 Td (Please ) Tj ET Q q 0 0 0 rg BT 158.36 456.45 Td (refer ) Tj ET Q q 0 0 0 rg BT 179.14 456.45 Td (to ) Tj ET Q q 0 0 0 rg BT 188.92 456.45 Td (note ) Tj ET Q q 0 0 0 rg BT 208.72 456.45 Td (3 ) Tj ET Q q 0 0 0 rg BT 216.00 456.45 Td (and ) Tj ET Q q 0 0 0 rg BT 233.29 456.45 Td (32 ) Tj ET Q q 0 0 0 rg BT 245.57 456.45 Td (of ) Tj ET Q q 0 0 0 rg BT 255.35 456.45 Td (our ) Tj ET Q q 0 0 0 rg BT 270.63 456.45 Td (audited ) Tj ET Q q 0 0 0 rg BT 302.43 456.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 355.25 456.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.54 456.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.84 456.45 Td (for ) Tj ET Q q 0 0 0 rg BT 449.61 456.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 490.42 456.45 Td (information ) Tj ET Q q 0 0 0 rg BT 537.21 456.45 Td (on ) Tj ET Q q 0 0 0 rg BT 549.50 456.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 442.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.52 442.95 Td (instruments ) Tj ET Q q 0 0 0 rg BT 156.54 442.95 Td (and ) Tj ET Q q 0 0 0 rg BT 174.05 442.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 208.59 442.95 Td (transactions.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (34) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (4.5. SELECTED MEASURES OF CAPIT) Tj ET Q q 0 0 0 rg BT 234.86 708.95 Td (AL) Tj ET Q q 0 0 0 rg BT 246.69 708.95 Td ( RESOURCES ) Tj ET Q q 0 0 0 rg BT 308.37 708.95 Td (AND LIQUIDITY) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 698.45 327.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 399.50 698.45 82.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 481.50 698.45 81.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 685.45 82.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 675.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 662.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 649.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 636.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 623.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 610.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 597.45 82.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 584.45 327.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 399.50 584.45 82.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 481.50 584.45 81.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 571.45 82.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 567.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 554.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 541.45 82.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 399.50 528.45 82.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 698.45 m 399.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 399.5 698.45 m 481.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 698.45 m 562.5 698.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 515.45 m 399.5 515.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 399.5 515.45 m 481.5 515.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 515.45 m 562.5 515.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 689.93 Td (As at September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 454.20 689.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 535.20 689.93 Td (2019) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 677.85 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 666.68 Td (Reconciliation between net debt and long-term debt including the current portion:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 653.68 Td (Net debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 653.73 Td (2,777,928) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.25 653.73 Td (2,1) Tj ET Q q 0 0 0 rg BT 530.37 653.73 Td (17,229) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 640.63 Td (Add back:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 627.68 Td (Cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 627.73 Td (1,707,985) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.90 627.68 Td (213,831) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 614.68 Td (Short-term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.80 614.73 Td (1,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.80 614.73 Td (9,889) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 601.68 Td (Long-term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.30 601.68 Td (22,612) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.35 601.73 Td (24,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 588.68 Td (Fair value of foreign currency derivative financial instruments related to debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.70 588.68 Td (\(46,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.85 588.68 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.70 588.68 Td (\(34,338) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.85 588.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 575.93 Td (Long-term debt \(including the current portion\) and lease liabilities) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 325.68 579.27 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 575.98 Td (4,463,465) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.25 575.98 Td (2,331,207) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 558.68 Td (Net debt to capitalization ratio) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 558.73 Td (23.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.85 558.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 558.73 Td (22.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.85 558.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 545.68 Td (Return on equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 545.73 Td (16.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.85 545.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 545.73 Td (18.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.85 545.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 532.68 Td (Return on invested capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 532.73 Td (12.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.85 532.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 532.73 Td (15.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.85 532.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 519.68 Td (Days sales outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.95 519.68 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 519.68 Td (50) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 510.89 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.53 507.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 507.55 Td (As at ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 103.40 507.55 Td (September30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 166.83 507.55 Td (, long-term debt including the current portion was $3,587.1 million and lease liabilities were $876.4 million.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 485.05 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 485.05 Td (e ) Tj ET Q q 0 0 0 rg BT 87.07 485.05 Td (use ) Tj ET Q q 0 0 0 rg BT 103.32 485.05 Td (the ) Tj ET Q q 0 0 0 rg BT 117.56 485.05 Td (net ) Tj ET Q q 0 0 0 rg BT 131.81 485.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 151.06 485.05 Td (to ) Tj ET Q q 0 0 0 rg BT 160.30 485.05 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 214.06 485.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 233.30 485.05 Td (as ) Tj ET Q q 0 0 0 rg BT 244.54 485.05 Td (an ) Tj ET Q q 0 0 0 rg BT 256.29 485.05 Td (indication ) Tj ET Q q 0 0 0 rg BT 296.05 485.05 Td (of ) Tj ET Q q 0 0 0 rg BT 305.29 485.05 Td (our ) Tj ET Q q 0 0 0 rg BT 320.03 485.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.78 485.05 Td (leverage ) Tj ET Q q 0 0 0 rg BT 391.04 485.05 Td (in ) Tj ET Q q 0 0 0 rg BT 399.78 485.05 Td (order ) Tj ET Q q 0 0 0 rg BT 422.52 485.05 Td (to ) Tj ET Q q 0 0 0 rg BT 431.76 485.05 Td (realize ) Tj ET Q q 0 0 0 rg BT 460.01 485.05 Td (our ) Tj ET Q q 0 0 0 rg BT 474.75 485.05 Td (Build ) Tj ET Q q 0 0 0 rg BT 496.50 485.05 Td (and ) Tj ET Q q 0 0 0 rg BT 513.25 485.05 Td (Buy ) Tj ET Q q 0 0 0 rg BT 530.49 485.05 Td (strategy ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 471.55 Td (\(please ) Tj ET Q q 0 0 0 rg BT 104.24 471.55 Td (refer ) Tj ET Q q 0 0 0 rg BT 125.46 471.55 Td (to ) Tj ET Q q 0 0 0 rg BT 135.69 471.55 Td (section ) Tj ET Q q 0 0 0 rg BT 166.93 471.55 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 182.16 471.55 Td (of ) Tj ET Q q 0 0 0 rg BT 192.38 471.55 Td (the ) Tj ET Q q 0 0 0 rg BT 207.62 471.55 Td (present ) Tj ET Q q 0 0 0 rg BT 240.35 471.55 Td (document ) Tj ET Q q 0 0 0 rg BT 282.60 471.55 Td (for ) Tj ET Q q 0 0 0 rg BT 295.82 471.55 Td (additional ) Tj ET Q q 0 0 0 rg BT 337.07 471.55 Td (information ) Tj ET Q q 0 0 0 rg BT 384.31 471.55 Td (on ) Tj ET Q q 0 0 0 rg BT 397.05 471.55 Td (our ) Tj ET Q q 0 0 0 rg BT 412.77 471.55 Td (Build ) Tj ET Q q 0 0 0 rg BT 435.51 471.55 Td (and ) Tj ET Q q 0 0 0 rg BT 453.24 471.55 Td (Buy ) Tj ET Q q 0 0 0 rg BT 471.47 471.55 Td (strategy\). ) Tj ET Q q 0 0 0 rg BT 511.53 471.55 Td (The ) Tj ET Q q 0 0 0 rg BT 529.76 471.55 Td (net ) Tj ET Q q 0 0 0 rg BT 544.99 471.55 Td (debt ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 458.05 Td (to ) Tj ET Q q 0 0 0 rg BT 81.90 458.05 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 136.32 458.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 156.22 458.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 197.63 458.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.53 458.05 Td (23.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.05 458.05 Td ( ) Tj ET Q q 0 0 0 rg BT 235.44 458.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.84 458.05 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.34 458.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.73 458.05 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.75 458.05 Td (. ) Tj ET Q q 0 0 0 rg BT 295.65 458.05 Td (When ) Tj ET Q q 0 0 0 rg BT 321.55 458.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 361.97 458.05 Td (the ) Tj ET Q q 0 0 0 rg BT 376.87 458.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 405.77 458.05 Td (of ) Tj ET Q q 0 0 0 rg BT 415.67 458.05 Td (the ) Tj ET Q q 0 0 0 rg BT 430.57 458.05 Td (adoption ) Tj ET Q q 0 0 0 rg BT 467.49 458.05 Td (of ) Tj ET Q q 0 0 0 rg BT 477.39 458.05 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 500.28 458.05 Td (16, ) Tj ET Q q 0 0 0 rg BT 515.19 458.05 Td (the ) Tj ET Q q 0 0 0 rg BT 530.09 458.05 Td (net ) Tj ET Q q 0 0 0 rg BT 544.99 458.05 Td (debt ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 444.55 Td (to ) Tj ET Q q 0 0 0 rg BT 81.04 444.55 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 134.61 444.55 Td (ratio ) Tj ET Q q 0 0 0 rg BT 153.65 444.55 Td (would ) Tj ET Q q 0 0 0 rg BT 178.70 444.55 Td (have ) Tj ET Q q 0 0 0 rg BT 199.76 444.55 Td (been ) Tj ET Q q 0 0 0 rg BT 221.31 444.55 Td (17.6% ) Tj ET Q q 0 0 0 rg BT 248.37 444.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.91 444.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.41 444.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.95 444.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.97 444.55 Td ( ) Tj ET Q q 0 0 0 rg BT 303.51 444.55 Td (down ) Tj ET Q q 0 0 0 rg BT 326.56 444.55 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.09 444.55 Td (22.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.61 444.55 Td ( ) Tj ET Q q 0 0 0 rg BT 373.15 444.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.69 444.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.19 444.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.73 444.55 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.75 444.55 Td (, ) Tj ET Q q 0 0 0 rg BT 430.79 444.55 Td (mostly ) Tj ET Q q 0 0 0 rg BT 458.33 444.55 Td (due ) Tj ET Q q 0 0 0 rg BT 474.88 444.55 Td (to ) Tj ET Q q 0 0 0 rg BT 483.92 444.55 Td (higher ) Tj ET Q q 0 0 0 rg BT 510.47 444.55 Td (capitalization ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 431.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 100.51 431.05 Td (as ) Tj ET Q q 0 0 0 rg BT 112.51 431.05 Td (a ) Tj ET Q q 0 0 0 rg BT 120.02 431.05 Td (result ) Tj ET Q q 0 0 0 rg BT 144.53 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 154.53 431.05 Td (the ) Tj ET Q q 0 0 0 rg BT 169.55 431.05 Td (2020 ) Tj ET Q q 0 0 0 rg BT 191.90 431.05 Td (T) Tj ET Q q 0 0 0 rg BT 196.40 431.05 Td (erm ) Tj ET Q q 0 0 0 rg BT 214.40 431.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 236.93 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 254.44 431.05 Td (a ) Tj ET Q q 0 0 0 rg BT 261.95 431.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 289.47 431.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 310.98 431.05 Td (generation.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 408.55 Td (ROE ) Tj ET Q q 0 0 0 rg BT 93.75 408.55 Td (is ) Tj ET Q q 0 0 0 rg BT 102.50 408.55 Td (a ) Tj ET Q q 0 0 0 rg BT 109.76 408.55 Td (measure ) Tj ET Q q 0 0 0 rg BT 147.02 408.55 Td (of ) Tj ET Q q 0 0 0 rg BT 156.78 408.55 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 408.55 Td (return ) Tj ET Q q 0 0 0 rg BT 197.30 408.55 Td (we ) Tj ET Q q 0 0 0 rg BT 211.06 408.55 Td (are ) Tj ET Q q 0 0 0 rg BT 226.31 408.55 Td (generating ) Tj ET Q q 0 0 0 rg BT 271.10 408.55 Td (for ) Tj ET Q q 0 0 0 rg BT 283.85 408.55 Td (our ) Tj ET Q q 0 0 0 rg BT 299.11 408.55 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 355.89 408.55 Td (ROE ) Tj ET Q q 0 0 0 rg BT 377.64 408.55 Td (decreased ) Tj ET Q q 0 0 0 rg BT 421.92 408.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.68 408.55 Td (16.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.20 408.55 Td ( ) Tj ET Q q 0 0 0 rg BT 459.45 408.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.70 408.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.21 408.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.46 408.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.48 408.55 Td ( ) Tj ET Q q 0 0 0 rg BT 516.73 408.55 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.98 408.55 Td (18.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.50 408.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 395.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 81.57 395.05 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 105.07 395.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.64 395.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 127.66 395.05 Td (. ) Tj ET Q q 0 0 0 rg BT 132.73 395.05 Td (When ) Tj ET Q q 0 0 0 rg BT 158.81 395.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 199.40 395.05 Td (the ) Tj ET Q q 0 0 0 rg BT 214.48 395.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 243.56 395.05 Td (of ) Tj ET Q q 0 0 0 rg BT 253.63 395.05 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 276.70 395.05 Td (16, ) Tj ET Q q 0 0 0 rg BT 291.78 395.05 Td (our ) Tj ET Q q 0 0 0 rg BT 307.36 395.05 Td (ROE ) Tj ET Q q 0 0 0 rg BT 329.43 395.05 Td (would ) Tj ET Q q 0 0 0 rg BT 355.51 395.05 Td (have ) Tj ET Q q 0 0 0 rg BT 377.59 395.05 Td (been ) Tj ET Q q 0 0 0 rg BT 400.18 395.05 Td (15.9% ) Tj ET Q q 0 0 0 rg BT 428.27 395.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.84 395.05 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.35 395.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.91 395.05 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.93 395.05 Td (. ) Tj ET Q q 0 0 0 rg BT 488.84 395.05 Td (The ) Tj ET Q q 0 0 0 rg BT 506.91 395.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 546.50 395.05 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 381.55 Td (mainly ) Tj ET Q q 0 0 0 rg BT 100.51 381.55 Td (due ) Tj ET Q q 0 0 0 rg BT 118.02 381.55 Td (to ) Tj ET Q q 0 0 0 rg BT 128.03 381.55 Td (lower ) Tj ET Q q 0 0 0 rg BT 152.04 381.55 Td (net ) Tj ET Q q 0 0 0 rg BT 167.05 381.55 Td (earnings ) Tj ET Q q 0 0 0 rg BT 204.07 381.55 Td (over ) Tj ET Q q 0 0 0 rg BT 224.08 381.55 Td (the ) Tj ET Q q 0 0 0 rg BT 239.09 381.55 Td (last ) Tj ET Q q 0 0 0 rg BT 255.60 381.55 Td (four ) Tj ET Q q 0 0 0 rg BT 273.61 381.55 Td (quarters.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 362.05 Td (ROIC ) Tj ET Q q 0 0 0 rg BT 96.54 362.05 Td (is ) Tj ET Q q 0 0 0 rg BT 105.07 362.05 Td (a ) Tj ET Q q 0 0 0 rg BT 112.12 362.05 Td (measure ) Tj ET Q q 0 0 0 rg BT 149.17 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.71 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 173.26 362.05 Td (Company) Tj ET Q q 0 0 0 rg BT 213.62 362.05 Td (s ) Tj ET Q q 0 0 0 rg BT 220.16 362.05 Td (ef) Tj ET Q q 0 0 0 rg BT 227.50 362.05 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 259.55 362.05 Td (in ) Tj ET Q q 0 0 0 rg BT 268.59 362.05 Td (allocating ) Tj ET Q q 0 0 0 rg BT 308.65 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 323.20 362.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 351.25 362.05 Td (under ) Tj ET Q q 0 0 0 rg BT 376.31 362.05 Td (our ) Tj ET Q q 0 0 0 rg BT 391.36 362.05 Td (control ) Tj ET Q q 0 0 0 rg BT 420.41 362.05 Td (to ) Tj ET Q q 0 0 0 rg BT 429.95 362.05 Td (profitable ) Tj ET Q q 0 0 0 rg BT 469.01 362.05 Td (investments. ) Tj ET Q q 0 0 0 rg BT 521.44 362.05 Td (The ) Tj ET Q q 0 0 0 rg BT 538.98 362.05 Td (return ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 348.55 Td (on ) Tj ET Q q 0 0 0 rg BT 84.65 348.55 Td (invested ) Tj ET Q q 0 0 0 rg BT 120.81 348.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 149.46 348.55 Td (ratio ) Tj ET Q q 0 0 0 rg BT 169.61 348.55 Td (decreased ) Tj ET Q q 0 0 0 rg BT 214.28 348.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.42 348.55 Td (12.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.94 348.55 Td ( ) Tj ET Q q 0 0 0 rg BT 252.58 348.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.22 348.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.73 348.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.36 348.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.39 348.55 Td ( ) Tj ET Q q 0 0 0 rg BT 311.02 348.55 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.66 348.55 Td (15.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.18 348.55 Td ( ) Tj ET Q q 0 0 0 rg BT 359.82 348.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.46 348.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.97 348.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.61 348.55 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.63 348.55 Td (. ) Tj ET Q q 0 0 0 rg BT 420.77 348.55 Td (When ) Tj ET Q q 0 0 0 rg BT 446.92 348.55 Td (excluding ) Tj ET Q q 0 0 0 rg BT 487.58 348.55 Td (the ) Tj ET Q q 0 0 0 rg BT 502.73 348.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 531.88 348.55 Td (of ) Tj ET Q q 0 0 0 rg BT 542.02 348.55 Td (IFRS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 335.05 Td (16, ) Tj ET Q q 0 0 0 rg BT 86.86 335.05 Td (the ) Tj ET Q q 0 0 0 rg BT 101.73 335.05 Td (ROIC ) Tj ET Q q 0 0 0 rg BT 126.58 335.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 146.44 335.05 Td (would ) Tj ET Q q 0 0 0 rg BT 172.31 335.05 Td (have ) Tj ET Q q 0 0 0 rg BT 194.18 335.05 Td (been ) Tj ET Q q 0 0 0 rg BT 216.55 335.05 Td (12.7%. ) Tj ET Q q 0 0 0 rg BT 246.77 335.05 Td (The ) Tj ET Q q 0 0 0 rg BT 264.63 335.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 304.01 335.05 Td (in ) Tj ET Q q 0 0 0 rg BT 313.36 335.05 Td (ROIC ) Tj ET Q q 0 0 0 rg BT 338.22 335.05 Td (was ) Tj ET Q q 0 0 0 rg BT 356.57 335.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 384.93 335.05 Td (the ) Tj ET Q q 0 0 0 rg BT 399.80 335.05 Td (result ) Tj ET Q q 0 0 0 rg BT 424.16 335.05 Td (of ) Tj ET Q q 0 0 0 rg BT 434.02 335.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 457.88 335.05 Td (net ) Tj ET Q q 0 0 0 rg BT 472.74 335.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 509.62 335.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 549.99 335.05 Td (net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 321.55 Td (finance ) Tj ET Q q 0 0 0 rg BT 103.52 321.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.03 321.55 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 162.54 321.55 Td (over ) Tj ET Q q 0 0 0 rg BT 182.55 321.55 Td (the ) Tj ET Q q 0 0 0 rg BT 197.56 321.55 Td (last ) Tj ET Q q 0 0 0 rg BT 214.07 321.55 Td (four ) Tj ET Q q 0 0 0 rg BT 232.08 321.55 Td (quarters.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 300.55 Td (DSO ) Tj ET Q q 0 0 0 rg BT 94.08 300.55 Td (decreased ) Tj ET Q q 0 0 0 rg BT 138.68 300.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.77 300.55 Td (47) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.78 300.55 Td ( ) Tj ET Q q 0 0 0 rg BT 161.35 300.55 Td (days ) Tj ET Q q 0 0 0 rg BT 182.94 300.55 Td (at ) Tj ET Q q 0 0 0 rg BT 193.02 300.55 Td (the ) Tj ET Q q 0 0 0 rg BT 208.11 300.55 Td (end ) Tj ET Q q 0 0 0 rg BT 225.70 300.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.78 300.55 Td (Fiscal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.29 300.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.86 300.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.88 300.55 Td ( ) Tj ET Q q 0 0 0 rg BT 284.46 300.55 Td (when ) Tj ET Q q 0 0 0 rg BT 308.55 300.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 351.15 300.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.23 300.55 Td (50) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.24 300.55 Td ( ) Tj ET Q q 0 0 0 rg BT 373.82 300.55 Td (days ) Tj ET Q q 0 0 0 rg BT 395.40 300.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.99 300.55 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.49 300.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.06 300.55 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.08 300.55 Td (. ) Tj ET Q q 0 0 0 rg BT 456.16 300.55 Td (In ) Tj ET Q q 0 0 0 rg BT 466.24 300.55 Td (calculating ) Tj ET Q q 0 0 0 rg BT 511.35 300.55 Td (the ) Tj ET Q q 0 0 0 rg BT 526.43 300.55 Td (DSO, ) Tj ET Q q 0 0 0 rg BT 551.01 300.55 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 287.05 Td (subtract ) Tj ET Q q 0 0 0 rg BT 107.06 287.05 Td (the ) Tj ET Q q 0 0 0 rg BT 122.61 287.05 Td (deferred ) Tj ET Q q 0 0 0 rg BT 159.17 287.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 194.74 287.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 229.30 287.05 Td (from ) Tj ET Q q 0 0 0 rg BT 250.35 287.05 Td (trade ) Tj ET Q q 0 0 0 rg BT 273.90 287.05 Td (accounts ) Tj ET Q q 0 0 0 rg BT 312.96 287.05 Td (receivable ) Tj ET Q q 0 0 0 rg BT 357.03 287.05 Td (and ) Tj ET Q q 0 0 0 rg BT 375.09 287.05 Td (work ) Tj ET Q q 0 0 0 rg BT 397.13 287.05 Td (in ) Tj ET Q q 0 0 0 rg BT 407.18 287.05 Td (progress; ) Tj ET Q q 0 0 0 rg BT 447.73 287.05 Td (for ) Tj ET Q q 0 0 0 rg BT 461.28 287.05 Td (that ) Tj ET Q q 0 0 0 rg BT 479.33 287.05 Td (reason, ) Tj ET Q q 0 0 0 rg BT 512.39 287.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.95 287.05 Td (timing ) Tj ET Q q 0 0 0 rg BT 554.99 287.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 273.55 Td (payments ) Tj ET Q q 0 0 0 rg BT 113.51 273.55 Td (received ) Tj ET Q q 0 0 0 rg BT 150.03 273.55 Td (from ) Tj ET Q q 0 0 0 rg BT 170.52 273.55 Td (managed ) Tj ET Q q 0 0 0 rg BT 210.55 273.55 Td (IT) Tj ET Q q 0 0 0 rg BT 218.38 273.55 Td ( ) Tj ET Q q 0 0 0 rg BT 220.88 273.55 Td (and ) Tj ET Q q 0 0 0 rg BT 238.39 273.55 Td (business ) Tj ET Q q 0 0 0 rg BT 276.41 273.55 Td (process ) Tj ET Q q 0 0 0 rg BT 310.42 273.55 Td (services ) Tj ET Q q 0 0 0 rg BT 345.92 273.55 Td (clients ) Tj ET Q q 0 0 0 rg BT 373.93 273.55 Td (in ) Tj ET Q q 0 0 0 rg BT 383.43 273.55 Td (advance ) Tj ET Q q 0 0 0 rg BT 419.95 273.55 Td (of ) Tj ET Q q 0 0 0 rg BT 429.95 273.55 Td (the ) Tj ET Q q 0 0 0 rg BT 444.96 273.55 Td (work ) Tj ET Q q 0 0 0 rg BT 466.45 273.55 Td (to ) Tj ET Q q 0 0 0 rg BT 476.46 273.55 Td (be ) Tj ET Q q 0 0 0 rg BT 488.96 273.55 Td (performed ) Tj ET Q q 0 0 0 rg BT 532.48 273.55 Td (and ) Tj ET Q q 0 0 0 rg BT 549.99 273.55 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 260.05 Td (timing ) Tj ET Q q 0 0 0 rg BT 98.51 260.05 Td (of ) Tj ET Q q 0 0 0 rg BT 108.51 260.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 150.03 260.05 Td (related ) Tj ET Q q 0 0 0 rg BT 180.05 260.05 Td (to ) Tj ET Q q 0 0 0 rg BT 190.06 260.05 Td (project ) Tj ET Q q 0 0 0 rg BT 219.57 260.05 Td (milestones ) Tj ET Q q 0 0 0 rg BT 265.09 260.05 Td (can ) Tj ET Q q 0 0 0 rg BT 282.10 260.05 Td (af) Tj ET Q q 0 0 0 rg BT 289.45 260.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 306.45 260.05 Td (the ) Tj ET Q q 0 0 0 rg BT 321.46 260.05 Td (DSO. ) Tj ET Q q 0 0 0 rg BT 345.81 260.05 Td (The ) Tj ET Q q 0 0 0 rg BT 363.81 260.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 404.83 260.05 Td (maintains ) Tj ET Q q 0 0 0 rg BT 445.85 260.05 Td (a ) Tj ET Q q 0 0 0 rg BT 453.36 260.05 Td (target ) Tj ET Q q 0 0 0 rg BT 478.87 260.05 Td (DSO ) Tj ET Q q 0 0 0 rg BT 500.88 260.05 Td (of ) Tj ET Q q 0 0 0 rg BT 510.88 260.05 Td (45 ) Tj ET Q q 0 0 0 rg BT 523.39 260.05 Td (days.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 228.55 Td (4.6. ) Tj ET Q q 0 0 0 rg BT 89.51 228.55 Td (GUARANTEES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 209.05 Td (In ) Tj ET Q q 0 0 0 rg BT 81.99 209.05 Td (the ) Tj ET Q q 0 0 0 rg BT 97.49 209.05 Td (normal ) Tj ET Q q 0 0 0 rg BT 127.99 209.05 Td (course ) Tj ET Q q 0 0 0 rg BT 157.99 209.05 Td (of ) Tj ET Q q 0 0 0 rg BT 168.48 209.05 Td (operations, ) Tj ET Q q 0 0 0 rg BT 215.99 209.05 Td (we ) Tj ET Q q 0 0 0 rg BT 230.48 209.05 Td (may ) Tj ET Q q 0 0 0 rg BT 250.47 209.05 Td (enter ) Tj ET Q q 0 0 0 rg BT 273.97 209.05 Td (into ) Tj ET Q q 0 0 0 rg BT 291.47 209.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 341.98 209.05 Td (to ) Tj ET Q q 0 0 0 rg BT 352.48 209.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.98 209.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.99 209.05 Td (or ) Tj ET Q q 0 0 0 rg BT 431.98 209.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 485.49 209.05 Td (assurances ) Tj ET Q q 0 0 0 rg BT 534.50 209.05 Td (to ) Tj ET Q q 0 0 0 rg BT 544.99 209.05 Td (third ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 195.55 Td (parties ) Tj ET Q q 0 0 0 rg BT 101.01 195.55 Td (on ) Tj ET Q q 0 0 0 rg BT 113.52 195.55 Td (the ) Tj ET Q q 0 0 0 rg BT 128.54 195.55 Td (sale ) Tj ET Q q 0 0 0 rg BT 147.55 195.55 Td (of ) Tj ET Q q 0 0 0 rg BT 157.55 195.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 188.57 195.55 Td (business ) Tj ET Q q 0 0 0 rg BT 226.59 195.55 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 274.61 195.55 Td (and ) Tj ET Q q 0 0 0 rg BT 292.12 195.55 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 339.66 195.55 Td (on ) Tj ET Q q 0 0 0 rg BT 352.17 195.55 Td (government ) Tj ET Q q 0 0 0 rg BT 402.20 195.55 Td (and ) Tj ET Q q 0 0 0 rg BT 419.71 195.55 Td (commercial ) Tj ET Q q 0 0 0 rg BT 468.22 195.55 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 176.05 Td (In ) Tj ET Q q 0 0 0 rg BT 81.74 176.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 128.01 176.05 Td (with ) Tj ET Q q 0 0 0 rg BT 146.75 176.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 170.50 176.05 Td (of ) Tj ET Q q 0 0 0 rg BT 180.74 176.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.49 176.05 Td (and ) Tj ET Q q 0 0 0 rg BT 227.24 176.05 Td (business ) Tj ET Q q 0 0 0 rg BT 265.50 176.05 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 316.25 176.05 Td (the ) Tj ET Q q 0 0 0 rg BT 331.50 176.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.76 176.05 Td (may ) Tj ET Q q 0 0 0 rg BT 392.49 176.05 Td (be ) Tj ET Q q 0 0 0 rg BT 405.24 176.05 Td (required ) Tj ET Q q 0 0 0 rg BT 441.00 176.05 Td (to ) Tj ET Q q 0 0 0 rg BT 451.24 176.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 468.49 176.05 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 528.26 176.05 Td (for ) Tj ET Q q 0 0 0 rg BT 541.50 176.05 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 162.55 Td (and ) Tj ET Q q 0 0 0 rg BT 88.44 162.55 Td (losses ) Tj ET Q q 0 0 0 rg BT 115.87 162.55 Td (incurred ) Tj ET Q q 0 0 0 rg BT 150.30 162.55 Td (as ) Tj ET Q q 0 0 0 rg BT 161.73 162.55 Td (a ) Tj ET Q q 0 0 0 rg BT 168.65 162.55 Td (result ) Tj ET Q q 0 0 0 rg BT 192.58 162.55 Td (of ) Tj ET Q q 0 0 0 rg BT 202.01 162.55 Td (breaches ) Tj ET Q q 0 0 0 rg BT 240.95 162.55 Td (in ) Tj ET Q q 0 0 0 rg BT 249.88 162.55 Td (our ) Tj ET Q q 0 0 0 rg BT 264.81 162.55 Td (contractual ) Tj ET Q q 0 0 0 rg BT 310.75 162.55 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 358.20 162.55 Td (representations ) Tj ET Q q 0 0 0 rg BT 422.16 162.55 Td (and ) Tj ET Q q 0 0 0 rg BT 439.10 162.55 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 485.03 162.55 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 529.48 162.55 Td (property ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 149.05 Td (right ) Tj ET Q q 0 0 0 rg BT 92.23 149.05 Td (infringement ) Tj ET Q q 0 0 0 rg BT 144.97 149.05 Td (and ) Tj ET Q q 0 0 0 rg BT 163.21 149.05 Td (litigation ) Tj ET Q q 0 0 0 rg BT 199.44 149.05 Td (against ) Tj ET Q q 0 0 0 rg BT 231.68 149.05 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 294.43 149.05 Td (among ) Tj ET Q q 0 0 0 rg BT 325.17 149.05 Td (others. ) Tj ET Q q 0 0 0 rg BT 355.90 149.05 Td (While ) Tj ET Q q 0 0 0 rg BT 381.63 149.05 Td (some ) Tj ET Q q 0 0 0 rg BT 406.85 149.05 Td (of ) Tj ET Q q 0 0 0 rg BT 417.58 149.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.31 149.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 484.05 149.05 Td (specify ) Tj ET Q q 0 0 0 rg BT 515.28 149.05 Td (a ) Tj ET Q q 0 0 0 rg BT 523.50 149.05 Td (maximum ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 135.55 Td (potential ) Tj ET Q q 0 0 0 rg BT 108.23 135.55 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 150.45 135.55 Td (others ) Tj ET Q q 0 0 0 rg BT 178.16 135.55 Td (do ) Tj ET Q q 0 0 0 rg BT 190.87 135.55 Td (not ) Tj ET Q q 0 0 0 rg BT 206.08 135.55 Td (specify ) Tj ET Q q 0 0 0 rg BT 236.79 135.55 Td (a ) Tj ET Q q 0 0 0 rg BT 244.49 135.55 Td (maximum ) Tj ET Q q 0 0 0 rg BT 286.19 135.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.91 135.55 Td (or ) Tj ET Q q 0 0 0 rg BT 329.61 135.55 Td (limited ) Tj ET Q q 0 0 0 rg BT 358.31 135.55 Td (period. ) Tj ET Q q 0 0 0 rg BT 388.53 135.55 Td (It ) Tj ET Q q 0 0 0 rg BT 396.23 135.55 Td (is ) Tj ET Q q 0 0 0 rg BT 405.43 135.55 Td (not ) Tj ET Q q 0 0 0 rg BT 420.64 135.55 Td (possible ) Tj ET Q q 0 0 0 rg BT 456.36 135.55 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 135.55 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 513.29 135.55 Td (estimate ) Tj ET Q q 0 0 0 rg BT 550.00 135.55 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 122.05 Td (maximum ) Tj ET Q q 0 0 0 rg BT 112.78 122.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.08 122.05 Td (that ) Tj ET Q q 0 0 0 rg BT 162.38 122.05 Td (may ) Tj ET Q q 0 0 0 rg BT 181.66 122.05 Td (have ) Tj ET Q q 0 0 0 rg BT 203.46 122.05 Td (to ) Tj ET Q q 0 0 0 rg BT 213.25 122.05 Td (be ) Tj ET Q q 0 0 0 rg BT 225.54 122.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 244.84 122.05 Td (under ) Tj ET Q q 0 0 0 rg BT 270.14 122.05 Td (such ) Tj ET Q q 0 0 0 rg BT 291.43 122.05 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 341.10 122.05 Td (The ) Tj ET Q q 0 0 0 rg BT 358.89 122.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 395.69 122.05 Td (are ) Tj ET Q q 0 0 0 rg BT 410.98 122.05 Td (dependent ) Tj ET Q q 0 0 0 rg BT 455.80 122.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 478.11 122.05 Td (the ) Tj ET Q q 0 0 0 rg BT 492.90 122.05 Td (outcome ) Tj ET Q q 0 0 0 rg BT 529.70 122.05 Td (of ) Tj ET Q q 0 0 0 rg BT 539.49 122.05 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 108.55 Td (contingent ) Tj ET Q q 0 0 0 rg BT 116.00 108.55 Td (events, ) Tj ET Q q 0 0 0 rg BT 147.99 108.55 Td (the ) Tj ET Q q 0 0 0 rg BT 163.47 108.55 Td (nature ) Tj ET Q q 0 0 0 rg BT 191.96 108.55 Td (and ) Tj ET Q q 0 0 0 rg BT 209.94 108.55 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 250.44 108.55 Td (of ) Tj ET Q q 0 0 0 rg BT 260.91 108.55 Td (which ) Tj ET Q q 0 0 0 rg BT 286.89 108.55 Td (cannot ) Tj ET Q q 0 0 0 rg BT 316.88 108.55 Td (be ) Tj ET Q q 0 0 0 rg BT 329.86 108.55 Td (determined ) Tj ET Q q 0 0 0 rg BT 377.86 108.55 Td (at ) Tj ET Q q 0 0 0 rg BT 388.33 108.55 Td (this ) Tj ET Q q 0 0 0 rg BT 405.31 108.55 Td (time. ) Tj ET Q q 0 0 0 rg BT 427.59 108.55 Td (The ) Tj ET Q q 0 0 0 rg BT 446.06 108.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 487.55 108.55 Td (does ) Tj ET Q q 0 0 0 rg BT 510.04 108.55 Td (not ) Tj ET Q q 0 0 0 rg BT 525.52 108.55 Td (expect ) Tj ET Q q 0 0 0 rg BT 555.00 108.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 95.05 Td (incur ) Tj ET Q q 0 0 0 rg BT 93.94 95.05 Td (any ) Tj ET Q q 0 0 0 rg BT 111.39 95.05 Td (potential ) Tj ET Q q 0 0 0 rg BT 148.36 95.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 185.81 95.05 Td (in ) Tj ET Q q 0 0 0 rg BT 195.76 95.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 242.23 95.05 Td (with ) Tj ET Q q 0 0 0 rg BT 261.17 95.05 Td (these ) Tj ET Q q 0 0 0 rg BT 286.12 95.05 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 334.10 95.05 Td (that ) Tj ET Q q 0 0 0 rg BT 352.04 95.05 Td (could ) Tj ET Q q 0 0 0 rg BT 376.50 95.05 Td (have ) Tj ET Q q 0 0 0 rg BT 398.95 95.05 Td (a ) Tj ET Q q 0 0 0 rg BT 406.89 95.05 Td (materially ) Tj ET Q q 0 0 0 rg BT 448.34 95.05 Td (adverse ) Tj ET Q q 0 0 0 rg BT 483.30 95.05 Td (ef) Tj ET Q q 0 0 0 rg BT 490.64 95.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.08 95.05 Td (on ) Tj ET Q q 0 0 0 rg BT 521.03 95.05 Td (its ) Tj ET Q q 0 0 0 rg BT 532.97 95.05 Td (audited ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 81.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 124.54 81.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.06 81.55 Td (statements.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 62.05 Td (In ) Tj ET Q q 0 0 0 rg BT 81.29 62.05 Td (the ) Tj ET Q q 0 0 0 rg BT 96.08 62.05 Td (normal ) Tj ET Q q 0 0 0 rg BT 125.87 62.05 Td (course ) Tj ET Q q 0 0 0 rg BT 155.16 62.05 Td (of ) Tj ET Q q 0 0 0 rg BT 164.95 62.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 205.25 62.05 Td (we ) Tj ET Q q 0 0 0 rg BT 219.04 62.05 Td (may ) Tj ET Q q 0 0 0 rg BT 238.32 62.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 270.12 62.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.41 62.05 Td (clients, ) Tj ET Q q 0 0 0 rg BT 329.71 62.05 Td (principally ) Tj ET Q q 0 0 0 rg BT 372.00 62.05 Td (governmental ) Tj ET Q q 0 0 0 rg BT 428.81 62.05 Td (entities, ) Tj ET Q q 0 0 0 rg BT 462.11 62.05 Td (with ) Tj ET Q q 0 0 0 rg BT 480.40 62.05 Td (bid ) Tj ET Q q 0 0 0 rg BT 494.69 62.05 Td (and ) Tj ET Q q 0 0 0 rg BT 511.99 62.05 Td (performance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 48.55 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 101.39 48.55 Td (In ) Tj ET Q q 0 0 0 rg BT 111.76 48.55 Td (general, ) Tj ET Q q 0 0 0 rg BT 147.14 48.55 Td (we ) Tj ET Q q 0 0 0 rg BT 161.51 48.55 Td (would ) Tj ET Q q 0 0 0 rg BT 187.89 48.55 Td (only ) Tj ET Q q 0 0 0 rg BT 207.27 48.55 Td (be ) Tj ET Q q 0 0 0 rg BT 220.14 48.55 Td (liable ) Tj ET Q q 0 0 0 rg BT 244.02 48.55 Td (for ) Tj ET Q q 0 0 0 rg BT 257.39 48.55 Td (the ) Tj ET Q q 0 0 0 rg BT 272.76 48.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.65 48.55 Td (of ) Tj ET Q q 0 0 0 rg BT 316.02 48.55 Td (the ) Tj ET Q q 0 0 0 rg BT 331.39 48.55 Td (bid ) Tj ET Q q 0 0 0 rg BT 346.27 48.55 Td (bonds ) Tj ET Q q 0 0 0 rg BT 373.65 48.55 Td (if ) Tj ET Q q 0 0 0 rg BT 381.02 48.55 Td (we ) Tj ET Q q 0 0 0 rg BT 395.39 48.55 Td (refuse ) Tj ET Q q 0 0 0 rg BT 423.26 48.55 Td (to ) Tj ET Q q 0 0 0 rg BT 433.63 48.55 Td (perform ) Tj ET Q q 0 0 0 rg BT 467.51 48.55 Td (the ) Tj ET Q q 0 0 0 rg BT 482.88 48.55 Td (project ) Tj ET Q q 0 0 0 rg BT 512.76 48.55 Td (once ) Tj ET Q q 0 0 0 rg BT 535.14 48.55 Td (we ) Tj ET Q q 0 0 0 rg BT 549.51 48.55 Td (are ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (35) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 708.95 Td (awarded ) Tj ET Q q 0 0 0 rg BT 109.45 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 125.39 708.95 Td (bid. ) Tj ET Q q 0 0 0 rg BT 143.33 708.95 Td (W) Tj ET Q q 0 0 0 rg BT 151.66 708.95 Td (e ) Tj ET Q q 0 0 0 rg BT 160.09 708.95 Td (would ) Tj ET Q q 0 0 0 rg BT 187.03 708.95 Td (also ) Tj ET Q q 0 0 0 rg BT 206.97 708.95 Td (be ) Tj ET Q q 0 0 0 rg BT 220.41 708.95 Td (liable ) Tj ET Q q 0 0 0 rg BT 244.85 708.95 Td (for ) Tj ET Q q 0 0 0 rg BT 258.78 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 274.72 708.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 328.67 708.95 Td (bonds ) Tj ET Q q 0 0 0 rg BT 356.62 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 367.05 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 382.99 708.95 Td (event ) Tj ET Q q 0 0 0 rg BT 408.43 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 419.37 708.95 Td (a ) Tj ET Q q 0 0 0 rg BT 427.80 708.95 Td (default ) Tj ET Q q 0 0 0 rg BT 458.25 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 468.68 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 484.62 708.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 538.57 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.50 708.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 695.45 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 118.41 695.45 Td (As ) Tj ET Q q 0 0 0 rg BT 130.64 695.45 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 139.87 695.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 200.63 695.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.65 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 224.87 695.45 Td (we ) Tj ET Q q 0 0 0 rg BT 238.10 695.45 Td (had ) Tj ET Q q 0 0 0 rg BT 254.84 695.45 Td (committed ) Tj ET Q q 0 0 0 rg BT 298.07 695.45 Td (a ) Tj ET Q q 0 0 0 rg BT 304.80 695.45 Td (total ) Tj ET Q q 0 0 0 rg BT 323.53 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 332.76 695.45 Td ($32.1 ) Tj ET Q q 0 0 0 rg BT 357.00 695.45 Td (million ) Tj ET Q q 0 0 0 rg BT 384.23 695.45 Td (for ) Tj ET Q q 0 0 0 rg BT 396.46 695.45 Td (these ) Tj ET Q q 0 0 0 rg BT 420.20 695.45 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 448.83 695.45 Td (T) Tj ET Q q 0 0 0 rg BT 453.33 695.45 Td (o ) Tj ET Q q 0 0 0 rg BT 460.06 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 474.29 695.45 Td (best ) Tj ET Q q 0 0 0 rg BT 493.03 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 502.26 695.45 Td (our ) Tj ET Q q 0 0 0 rg BT 516.99 695.45 Td (knowledge, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 681.95 Td (we ) Tj ET Q q 0 0 0 rg BT 85.15 681.95 Td (complied ) Tj ET Q q 0 0 0 rg BT 123.31 681.95 Td (with ) Tj ET Q q 0 0 0 rg BT 141.46 681.95 Td (our ) Tj ET Q q 0 0 0 rg BT 156.62 681.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.28 681.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 254.46 681.95 Td (under ) Tj ET Q q 0 0 0 rg BT 279.62 681.95 Td (all ) Tj ET Q q 0 0 0 rg BT 290.77 681.95 Td (service ) Tj ET Q q 0 0 0 rg BT 321.43 681.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 360.08 681.95 Td (for ) Tj ET Q q 0 0 0 rg BT 372.73 681.95 Td (which ) Tj ET Q q 0 0 0 rg BT 397.89 681.95 Td (there ) Tj ET Q q 0 0 0 rg BT 420.55 681.95 Td (was ) Tj ET Q q 0 0 0 rg BT 438.70 681.95 Td (a ) Tj ET Q q 0 0 0 rg BT 445.85 681.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 498.52 681.95 Td (or ) Tj ET Q q 0 0 0 rg BT 508.66 681.95 Td (bid ) Tj ET Q q 0 0 0 rg BT 522.82 681.95 Td (bond, ) Tj ET Q q 0 0 0 rg BT 547.49 681.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 668.45 Td (the ) Tj ET Q q 0 0 0 rg BT 87.26 668.45 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 122.02 668.45 Td (liability) Tj ET Q q 0 0 0 rg BT 148.36 668.45 Td (, ) Tj ET Q q 0 0 0 rg BT 154.11 668.45 Td (if ) Tj ET Q q 0 0 0 rg BT 161.86 668.45 Td (any) Tj ET Q q 0 0 0 rg BT 175.70 668.45 Td (, ) Tj ET Q q 0 0 0 rg BT 181.45 668.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 217.22 668.45 Td (in ) Tj ET Q q 0 0 0 rg BT 227.47 668.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 274.25 668.45 Td (with ) Tj ET Q q 0 0 0 rg BT 293.51 668.45 Td (these ) Tj ET Q q 0 0 0 rg BT 318.77 668.45 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 367.06 668.45 Td (would ) Tj ET Q q 0 0 0 rg BT 393.82 668.45 Td (not ) Tj ET Q q 0 0 0 rg BT 409.58 668.45 Td (have ) Tj ET Q q 0 0 0 rg BT 432.35 668.45 Td (a ) Tj ET Q q 0 0 0 rg BT 440.60 668.45 Td (material ) Tj ET Q q 0 0 0 rg BT 475.86 668.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 511.13 668.45 Td (ef) Tj ET Q q 0 0 0 rg BT 518.47 668.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 536.23 668.45 Td (on ) Tj ET Q q 0 0 0 rg BT 549.49 668.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 654.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 124.54 654.95 Td (results ) Tj ET Q q 0 0 0 rg BT 153.55 654.95 Td (of ) Tj ET Q q 0 0 0 rg BT 163.55 654.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.08 654.95 Td (or ) Tj ET Q q 0 0 0 rg BT 218.58 654.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.11 654.95 Td (condition.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 623.45 Td (4.7. ) Tj ET Q q 0 0 0 rg BT 89.51 623.45 Td (CAP) Tj ET Q q 0 0 0 rg BT 107.85 623.45 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 142.68 623.45 Td ( ) Tj ET Q q 0 0 0 rg BT 145.18 623.45 Td (T) Tj ET Q q 0 0 0 rg BT 150.52 623.45 Td (O ) Tj ET Q q 0 0 0 rg BT 160.02 623.45 Td (DELIVER ) Tj ET Q q 0 0 0 rg BT 201.52 623.45 Td (RESUL) Tj ET Q q 0 0 0 rg BT 231.36 623.45 Td (TS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 603.95 Td (Despite ) Tj ET Q q 0 0 0 rg BT 105.46 603.95 Td (the ) Tj ET Q q 0 0 0 rg BT 120.92 603.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 150.37 603.95 Td (of ) Tj ET Q q 0 0 0 rg BT 160.83 603.95 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 207.78 603.95 Td (as ) Tj ET Q q 0 0 0 rg BT 220.23 603.95 Td (outlined ) Tj ET Q q 0 0 0 rg BT 254.71 603.95 Td (in ) Tj ET Q q 0 0 0 rg BT 264.66 603.95 Td (section ) Tj ET Q q 0 0 0 rg BT 296.12 603.95 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 311.58 603.95 Td (of ) Tj ET Q q 0 0 0 rg BT 322.03 603.95 Td (the ) Tj ET Q q 0 0 0 rg BT 337.49 603.95 Td (present ) Tj ET Q q 0 0 0 rg BT 370.45 603.95 Td (document, ) Tj ET Q q 0 0 0 rg BT 415.42 603.95 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 440.59 603.95 Td (management ) Tj ET Q q 0 0 0 rg BT 496.07 603.95 Td (believes ) Tj ET Q q 0 0 0 rg BT 532.04 603.95 Td (that ) Tj ET Q q 0 0 0 rg BT 549.99 603.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 590.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.82 590.45 Td (has ) Tj ET Q q 0 0 0 rg BT 131.64 590.45 Td (suf) Tj ET Q q 0 0 0 rg BT 143.48 590.45 Td (ficient ) Tj ET Q q 0 0 0 rg BT 170.30 590.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.62 590.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 242.44 590.45 Td (to ) Tj ET Q q 0 0 0 rg BT 253.25 590.45 Td (support ) Tj ET Q q 0 0 0 rg BT 286.58 590.45 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 321.91 590.45 Td (business ) Tj ET Q q 0 0 0 rg BT 360.74 590.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 406.07 590.45 Td (and ) Tj ET Q q 0 0 0 rg BT 424.39 590.45 Td (execute ) Tj ET Q q 0 0 0 rg BT 459.22 590.45 Td (the ) Tj ET Q q 0 0 0 rg BT 475.04 590.45 Td (Build ) Tj ET Q q 0 0 0 rg BT 498.36 590.45 Td (and ) Tj ET Q q 0 0 0 rg BT 516.68 590.45 Td (Buy ) Tj ET Q q 0 0 0 rg BT 535.49 590.45 Td (growth ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 576.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 103.35 576.95 Td (. ) Tj ET Q q 0 0 0 rg BT 108.48 576.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 126.11 576.95 Td (principal ) Tj ET Q q 0 0 0 rg BT 162.26 576.95 Td (and ) Tj ET Q q 0 0 0 rg BT 179.90 576.95 Td (most ) Tj ET Q q 0 0 0 rg BT 202.04 576.95 Td (accretive ) Tj ET Q q 0 0 0 rg BT 240.68 576.95 Td (uses ) Tj ET Q q 0 0 0 rg BT 262.32 576.95 Td (of ) Tj ET Q q 0 0 0 rg BT 272.45 576.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 294.10 576.95 Td (are: ) Tj ET Q q 0 0 0 rg BT 312.23 576.95 Td (to ) Tj ET Q q 0 0 0 rg BT 322.37 576.95 Td (invest ) Tj ET Q q 0 0 0 rg BT 348.51 576.95 Td (in ) Tj ET Q q 0 0 0 rg BT 358.14 576.95 Td (our ) Tj ET Q q 0 0 0 rg BT 373.78 576.95 Td (business ) Tj ET Q q 0 0 0 rg BT 411.93 576.95 Td (\(procuring ) Tj ET Q q 0 0 0 rg BT 455.08 576.95 Td (new ) Tj ET Q q 0 0 0 rg BT 474.22 576.95 Td (large ) Tj ET Q q 0 0 0 rg BT 496.86 576.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 537.02 576.95 Td (IT) Tj ET Q q 0 0 0 rg BT 544.86 576.95 Td ( ) Tj ET Q q 0 0 0 rg BT 547.49 576.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 563.45 Td (business ) Tj ET Q q 0 0 0 rg BT 111.02 563.45 Td (process ) Tj ET Q q 0 0 0 rg BT 146.02 563.45 Td (services ) Tj ET Q q 0 0 0 rg BT 182.52 563.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 222.53 563.45 Td (and ) Tj ET Q q 0 0 0 rg BT 241.04 563.45 Td (developing ) Tj ET Q q 0 0 0 rg BT 288.07 563.45 Td (business ) Tj ET Q q 0 0 0 rg BT 327.09 563.45 Td (and ) Tj ET Q q 0 0 0 rg BT 345.60 563.45 Td (IP) Tj ET Q q 0 0 0 rg BT 353.94 563.45 Td ( ) Tj ET Q q 0 0 0 rg BT 357.43 563.45 Td (solutions\); ) Tj ET Q q 0 0 0 rg BT 401.95 563.45 Td (to ) Tj ET Q q 0 0 0 rg BT 412.95 563.45 Td (pursue ) Tj ET Q q 0 0 0 rg BT 443.96 563.45 Td (accretive ) Tj ET Q q 0 0 0 rg BT 483.47 563.45 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 536.49 563.45 Td (and ) Tj ET Q q 0 0 0 rg BT 555.00 563.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 549.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 110.58 549.95 Td (for ) Tj ET Q q 0 0 0 rg BT 122.63 549.95 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 171.71 549.95 Td (Class ) Tj ET Q q 0 0 0 rg BT 195.46 549.95 Td (A) Tj ET Q q 0 0 0 rg BT 200.97 549.95 Td ( ) Tj ET Q q 0 0 0 rg BT 202.52 549.95 Td (Shares ) Tj ET Q q 0 0 0 rg BT 232.59 549.95 Td (and ) Tj ET Q q 0 0 0 rg BT 249.16 549.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 265.22 549.95 Td (down ) Tj ET Q q 0 0 0 rg BT 288.29 549.95 Td (debt. ) Tj ET Q q 0 0 0 rg BT 309.85 549.95 Td (In ) Tj ET Q q 0 0 0 rg BT 318.91 549.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 342.96 549.95 Td (of ) Tj ET Q q 0 0 0 rg BT 352.02 549.95 Td (financing, ) Tj ET Q q 0 0 0 rg BT 392.10 549.95 Td (we ) Tj ET Q q 0 0 0 rg BT 405.16 549.95 Td (are ) Tj ET Q q 0 0 0 rg BT 419.72 549.95 Td (well ) Tj ET Q q 0 0 0 rg BT 436.77 549.95 Td (positioned ) Tj ET Q q 0 0 0 rg BT 479.35 549.95 Td (to ) Tj ET Q q 0 0 0 rg BT 488.41 549.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 523.99 549.95 Td (executing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 536.45 Td (our ) Tj ET Q q 0 0 0 rg BT 87.51 536.45 Td (four-pillar ) Tj ET Q q 0 0 0 rg BT 127.52 536.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 157.03 536.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 191.55 536.45 Td (in ) Tj ET Q q 0 0 0 rg BT 201.05 536.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 227.06 536.45 Td (2021.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 516.95 Td (T) Tj ET Q q 0 0 0 rg BT 76.50 516.95 Td (o ) Tj ET Q q 0 0 0 rg BT 83.08 516.95 Td (successfully ) Tj ET Q q 0 0 0 rg BT 133.17 516.95 Td (implement ) Tj ET Q q 0 0 0 rg BT 176.26 516.95 Td (the ) Tj ET Q q 0 0 0 rg BT 190.35 516.95 Td (Company's ) Tj ET Q q 0 0 0 rg BT 236.66 516.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 268.01 516.95 Td (, ) Tj ET Q q 0 0 0 rg BT 272.08 516.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 289.66 516.95 Td (relies ) Tj ET Q q 0 0 0 rg BT 312.74 516.95 Td (on ) Tj ET Q q 0 0 0 rg BT 324.33 516.95 Td (a ) Tj ET Q q 0 0 0 rg BT 330.91 516.95 Td (strong ) Tj ET Q q 0 0 0 rg BT 357.49 516.95 Td (leadership ) Tj ET Q q 0 0 0 rg BT 400.60 516.95 Td (team, ) Tj ET Q q 0 0 0 rg BT 424.68 516.95 Td (supported ) Tj ET Q q 0 0 0 rg BT 466.29 516.95 Td (by ) Tj ET Q q 0 0 0 rg BT 477.37 516.95 Td (highly ) Tj ET Q q 0 0 0 rg BT 502.46 516.95 Td (knowledgeable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 503.45 Td (members ) Tj ET Q q 0 0 0 rg BT 111.78 503.45 Td (with ) Tj ET Q q 0 0 0 rg BT 130.06 503.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 164.36 503.45 Td (relationships ) Tj ET Q q 0 0 0 rg BT 217.16 503.45 Td (and ) Tj ET Q q 0 0 0 rg BT 234.45 503.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 276.75 503.45 Td (experience ) Tj ET Q q 0 0 0 rg BT 323.06 503.45 Td (in ) Tj ET Q q 0 0 0 rg BT 332.34 503.45 Td (both ) Tj ET Q q 0 0 0 rg BT 352.13 503.45 Td (IT) Tj ET Q q 0 0 0 rg BT 359.96 503.45 Td ( ) Tj ET Q q 0 0 0 rg BT 362.24 503.45 Td (and ) Tj ET Q q 0 0 0 rg BT 379.53 503.45 Td (our ) Tj ET Q q 0 0 0 rg BT 394.82 503.45 Td (targeted ) Tj ET Q q 0 0 0 rg BT 430.12 503.45 Td (industries. ) Tj ET Q q 0 0 0 rg BT 473.41 503.45 Td (CGI ) Tj ET Q q 0 0 0 rg BT 491.69 503.45 Td (fosters ) Tj ET Q q 0 0 0 rg BT 520.97 503.45 Td (leadership ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 489.95 Td (development ) Tj ET Q q 0 0 0 rg BT 126.30 489.95 Td (through ) Tj ET Q q 0 0 0 rg BT 159.59 489.95 Td (the ) Tj ET Q q 0 0 0 rg BT 174.87 489.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 193.63 489.95 Td (Leadership ) Tj ET Q q 0 0 0 rg BT 240.93 489.95 Td (Institute ) Tj ET Q q 0 0 0 rg BT 275.22 489.95 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 312.51 489.95 Td (continuity ) Tj ET Q q 0 0 0 rg BT 353.29 489.95 Td (and ) Tj ET Q q 0 0 0 rg BT 371.07 489.95 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 416.87 489.95 Td (transfer ) Tj ET Q q 0 0 0 rg BT 450.15 489.95 Td (across ) Tj ET Q q 0 0 0 rg BT 479.42 489.95 Td (the ) Tj ET Q q 0 0 0 rg BT 494.70 489.95 Td (organization. ) Tj ET Q q 0 0 0 rg BT 549.00 489.95 Td (For ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 476.45 Td (key ) Tj ET Q q 0 0 0 rg BT 88.51 476.45 Td (positions, ) Tj ET Q q 0 0 0 rg BT 129.03 476.45 Td (a ) Tj ET Q q 0 0 0 rg BT 136.53 476.45 Td (detailed ) Tj ET Q q 0 0 0 rg BT 170.56 476.45 Td (succession ) Tj ET Q q 0 0 0 rg BT 217.58 476.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 237.10 476.45 Td (is ) Tj ET Q q 0 0 0 rg BT 246.10 476.45 Td (established ) Tj ET Q q 0 0 0 rg BT 294.13 476.45 Td (and ) Tj ET Q q 0 0 0 rg BT 311.65 476.45 Td (revised ) Tj ET Q q 0 0 0 rg BT 343.16 476.45 Td (frequently) Tj ET Q q 0 0 0 rg BT 382.02 476.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 456.95 Td (As ) Tj ET Q q 0 0 0 rg BT 85.28 456.95 Td (a ) Tj ET Q q 0 0 0 rg BT 93.06 456.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 456.95 Td (built ) Tj ET Q q 0 0 0 rg BT 153.64 456.95 Td (on ) Tj ET Q q 0 0 0 rg BT 166.43 456.95 Td (human ) Tj ET Q q 0 0 0 rg BT 196.72 456.95 Td (capital, ) Tj ET Q q 0 0 0 rg BT 228.02 456.95 Td (our ) Tj ET Q q 0 0 0 rg BT 243.80 456.95 Td (professionals ) Tj ET Q q 0 0 0 rg BT 299.61 456.95 Td (and ) Tj ET Q q 0 0 0 rg BT 317.40 456.95 Td (their ) Tj ET Q q 0 0 0 rg BT 337.68 456.95 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 383.49 456.95 Td (are ) Tj ET Q q 0 0 0 rg BT 399.27 456.95 Td (critical ) Tj ET Q q 0 0 0 rg BT 427.55 456.95 Td (to ) Tj ET Q q 0 0 0 rg BT 437.83 456.95 Td (delivering ) Tj ET Q q 0 0 0 rg BT 479.13 456.95 Td (quality ) Tj ET Q q 0 0 0 rg BT 507.93 456.95 Td (service ) Tj ET Q q 0 0 0 rg BT 539.21 456.95 Td (to ) Tj ET Q q 0 0 0 rg BT 549.49 456.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 443.45 Td (clients. ) Tj ET Q q 0 0 0 rg BT 102.30 443.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 119.60 443.45 Td (human ) Tj ET Q q 0 0 0 rg BT 149.41 443.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 191.22 443.45 Td (program ) Tj ET Q q 0 0 0 rg BT 227.03 443.45 Td (allows ) Tj ET Q q 0 0 0 rg BT 254.33 443.45 Td (us ) Tj ET Q q 0 0 0 rg BT 266.13 443.45 Td (to ) Tj ET Q q 0 0 0 rg BT 275.92 443.45 Td (attract ) Tj ET Q q 0 0 0 rg BT 303.23 443.45 Td (and ) Tj ET Q q 0 0 0 rg BT 320.54 443.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 345.34 443.45 Td (the ) Tj ET Q q 0 0 0 rg BT 360.15 443.45 Td (best ) Tj ET Q q 0 0 0 rg BT 379.45 443.45 Td (talent ) Tj ET Q q 0 0 0 rg BT 403.76 443.45 Td (as ) Tj ET Q q 0 0 0 rg BT 415.56 443.45 Td (it ) Tj ET Q q 0 0 0 rg BT 422.35 443.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 458.66 443.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 506.47 443.45 Td (compensation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 429.95 Td (and ) Tj ET Q q 0 0 0 rg BT 91.83 429.95 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 130.66 429.95 Td (a ) Tj ET Q q 0 0 0 rg BT 140.48 429.95 Td (favourable ) Tj ET Q q 0 0 0 rg BT 187.32 429.95 Td (working ) Tj ET Q q 0 0 0 rg BT 223.14 429.95 Td (environment, ) Tj ET Q q 0 0 0 rg BT 279.98 429.95 Td (training ) Tj ET Q q 0 0 0 rg BT 314.31 429.95 Td (programs ) Tj ET Q q 0 0 0 rg BT 357.14 429.95 Td (and ) Tj ET Q q 0 0 0 rg BT 376.96 429.95 Td (career ) Tj ET Q q 0 0 0 rg BT 407.28 429.95 Td (development ) Tj ET Q q 0 0 0 rg BT 463.63 429.95 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 522.48 429.95 Td (Employee ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 416.45 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 119.76 416.45 Td (is ) Tj ET Q q 0 0 0 rg BT 128.99 416.45 Td (monitored ) Tj ET Q q 0 0 0 rg BT 171.75 416.45 Td (annually ) Tj ET Q q 0 0 0 rg BT 208.01 416.45 Td (through ) Tj ET Q q 0 0 0 rg BT 241.27 416.45 Td (a ) Tj ET Q q 0 0 0 rg BT 249.01 416.45 Td (Company-wide ) Tj ET Q q 0 0 0 rg BT 311.77 416.45 Td (survey) Tj ET Q q 0 0 0 rg BT 337.61 416.45 Td (. ) Tj ET Q q 0 0 0 rg BT 342.30 416.45 Td (Also, ) Tj ET Q q 0 0 0 rg BT 365.04 416.45 Td (a ) Tj ET Q q 0 0 0 rg BT 372.78 416.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 407.02 416.45 Td (of ) Tj ET Q q 0 0 0 rg BT 417.26 416.45 Td (our ) Tj ET Q q 0 0 0 rg BT 433.01 416.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 488.77 416.45 Td (are ) Tj ET Q q 0 0 0 rg BT 504.51 416.45 Td (owners ) Tj ET Q q 0 0 0 rg BT 536.26 416.45 Td (of ) Tj ET Q q 0 0 0 rg BT 546.50 416.45 Td (CGI ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 402.95 Td (through ) Tj ET Q q 0 0 0 rg BT 105.25 402.95 Td (our ) Tj ET Q q 0 0 0 rg BT 120.98 402.95 Td (Share ) Tj ET Q q 0 0 0 rg BT 147.71 402.95 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 188.46 402.95 Td (Plan ) Tj ET Q q 0 0 0 rg BT 209.19 402.95 Td (which, ) Tj ET Q q 0 0 0 rg BT 237.42 402.95 Td (along ) Tj ET Q q 0 0 0 rg BT 262.17 402.95 Td (with ) Tj ET Q q 0 0 0 rg BT 280.89 402.95 Td (the ) Tj ET Q q 0 0 0 rg BT 296.13 402.95 Td (Profit ) Tj ET Q q 0 0 0 rg BT 319.85 402.95 Td (Participation ) Tj ET Q q 0 0 0 rg BT 372.10 402.95 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 395.34 402.95 Td (allow ) Tj ET Q q 0 0 0 rg BT 418.57 402.95 Td (them ) Tj ET Q q 0 0 0 rg BT 441.30 402.95 Td (to ) Tj ET Q q 0 0 0 rg BT 451.52 402.95 Td (share ) Tj ET Q q 0 0 0 rg BT 476.76 402.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.00 402.95 Td (successes, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 389.45 Td (further ) Tj ET Q q 0 0 0 rg BT 100.51 389.45 Td (aligning ) Tj ET Q q 0 0 0 rg BT 134.04 389.45 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 187.57 389.45 Td (interests.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 369.95 Td (In ) Tj ET Q q 0 0 0 rg BT 82.91 369.95 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.85 369.95 Td (to ) Tj ET Q q 0 0 0 rg BT 128.76 369.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 158.18 369.95 Td (resources ) Tj ET Q q 0 0 0 rg BT 201.11 369.95 Td (and ) Tj ET Q q 0 0 0 rg BT 219.53 369.95 Td (talent, ) Tj ET Q q 0 0 0 rg BT 247.46 369.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 266.86 369.95 Td (has ) Tj ET Q q 0 0 0 rg BT 284.78 369.95 Td (established ) Tj ET Q q 0 0 0 rg BT 333.72 369.95 Td (the ) Tj ET Q q 0 0 0 rg BT 349.64 369.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 405.58 369.95 Td (Foundation ) Tj ET Q q 0 0 0 rg BT 454.02 369.95 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 515.47 369.95 Td (governance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 356.45 Td (policies, ) Tj ET Q q 0 0 0 rg BT 107.61 356.45 Td (organizational ) Tj ET Q q 0 0 0 rg BT 166.75 356.45 Td (model ) Tj ET Q q 0 0 0 rg BT 194.36 356.45 Td (and ) Tj ET Q q 0 0 0 rg BT 212.47 356.45 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 268.10 356.45 Td (management ) Tj ET Q q 0 0 0 rg BT 323.72 356.45 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 373.33 356.45 Td (for ) Tj ET Q q 0 0 0 rg BT 386.93 356.45 Td (its ) Tj ET Q q 0 0 0 rg BT 399.02 356.45 Td (business ) Tj ET Q q 0 0 0 rg BT 437.64 356.45 Td (units ) Tj ET Q q 0 0 0 rg BT 459.75 356.45 Td (and ) Tj ET Q q 0 0 0 rg BT 477.86 356.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 518.98 356.45 Td (processes. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 342.95 Td (This ) Tj ET Q q 0 0 0 rg BT 91.92 342.95 Td (robust ) Tj ET Q q 0 0 0 rg BT 119.85 342.95 Td (governance ) Tj ET Q q 0 0 0 rg BT 169.80 342.95 Td (model ) Tj ET Q q 0 0 0 rg BT 197.23 342.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 234.16 342.95 Td (a ) Tj ET Q q 0 0 0 rg BT 242.08 342.95 Td (common ) Tj ET Q q 0 0 0 rg BT 279.51 342.95 Td (business ) Tj ET Q q 0 0 0 rg BT 317.94 342.95 Td (language ) Tj ET Q q 0 0 0 rg BT 357.90 342.95 Td (for ) Tj ET Q q 0 0 0 rg BT 371.31 342.95 Td (managing ) Tj ET Q q 0 0 0 rg BT 413.76 342.95 Td (all ) Tj ET Q q 0 0 0 rg BT 425.68 342.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 470.62 342.95 Td (consistently ) Tj ET Q q 0 0 0 rg BT 520.56 342.95 Td (across ) Tj ET Q q 0 0 0 rg BT 549.98 342.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 329.45 Td (globe, ) Tj ET Q q 0 0 0 rg BT 99.48 329.45 Td (driving ) Tj ET Q q 0 0 0 rg BT 128.95 329.45 Td (a ) Tj ET Q q 0 0 0 rg BT 136.91 329.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 161.38 329.45 Td (on ) Tj ET Q q 0 0 0 rg BT 174.35 329.45 Td (continuous ) Tj ET Q q 0 0 0 rg BT 220.84 329.45 Td (improvement. ) Tj ET Q q 0 0 0 rg BT 278.32 329.45 Td (CGI) Tj ET Q q 0 0 0 rg BT 296.16 329.45 Td (s ) Tj ET Q q 0 0 0 rg BT 303.62 329.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.60 329.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 385.58 329.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 434.07 329.45 Td (certifications ) Tj ET Q q 0 0 0 rg BT 487.05 329.45 Td (in ) Tj ET Q q 0 0 0 rg BT 497.01 329.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 546.50 329.45 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 315.95 Td (service ) Tj ET Q q 0 0 0 rg BT 103.01 315.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 158.03 315.95 Td (such ) Tj ET Q q 0 0 0 rg BT 179.54 315.95 Td (as ) Tj ET Q q 0 0 0 rg BT 191.55 315.95 Td (the ) Tj ET Q q 0 0 0 rg BT 206.56 315.95 Td (ISO ) Tj ET Q q 0 0 0 rg BT 224.56 315.95 Td (and ) Tj ET Q q 0 0 0 rg BT 242.08 315.95 Td (the ) Tj ET Q q 0 0 0 rg BT 257.09 315.95 Td (Capability ) Tj ET Q q 0 0 0 rg BT 299.11 315.95 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 333.62 315.95 Td (Model ) Tj ET Q q 0 0 0 rg BT 360.63 315.95 Td (Integration ) Tj ET Q q 0 0 0 rg BT 405.66 315.95 Td (\(CMMI\) ) Tj ET Q q 0 0 0 rg BT 438.15 315.95 Td (certification ) Tj ET Q q 0 0 0 rg BT 486.17 315.95 Td (programs.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (36) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (5. ) Tj ET Q q 0 0 0 rg BT 85.50 740.30 Td (Fourth Quarter Results \(Unaudited\) ) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 729.8 m 57.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 725.8 m 57.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 725.8 m 142.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 725.8 m 228.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 725.8 m 337.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 725.8 m 475.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 725.8 m 561.5 725.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 725.8 m 57.5 721.8 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 709.50 Td (5.1. ) Tj ET Q q 0 0 0 rg BT 91.51 709.50 Td (BOOKINGS ) Tj ET Q q 0 0 0 rg BT 142.68 709.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 164.68 709.50 Td (BOOK-T) Tj ET Q q 0 0 0 rg BT 200.01 709.50 Td (O-BILL) Tj ET Q q 0 0 0 rg BT 229.84 709.50 Td ( ) Tj ET Q q 0 0 0 rg BT 232.34 709.50 Td (RA) Tj ET Q q 0 0 0 rg BT 244.67 709.50 Td (TIO ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 690.00 Td (Bookings ) Tj ET Q q 0 0 0 rg BT 113.60 690.00 Td (for ) Tj ET Q q 0 0 0 rg BT 128.17 690.00 Td (the ) Tj ET Q q 0 0 0 rg BT 144.75 690.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 177.34 690.00 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.44 690.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 269.55 690.00 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.57 690.00 Td ( ) Tj ET Q q 0 0 0 rg BT 293.64 690.00 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.22 690.00 Td ($3.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.74 690.00 Td ( ) Tj ET Q q 0 0 0 rg BT 338.81 690.00 Td (billion ) Tj ET Q q 0 0 0 rg BT 365.89 690.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 420.00 690.00 Td (a ) Tj ET Q q 0 0 0 rg BT 429.08 690.00 Td (book-to-bill ) Tj ET Q q 0 0 0 rg BT 477.17 690.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 498.75 690.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.32 690.00 Td (1) Tj ET Q q 0 0 0 rg BT 514.66 690.00 Td (18.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.18 690.00 Td (. ) Tj ET Q q 0 0 0 rg BT 546.49 690.00 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 676.50 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 119.03 676.50 Td (of ) Tj ET Q q 0 0 0 rg BT 129.04 676.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.05 676.50 Td (new ) Tj ET Q q 0 0 0 rg BT 163.06 676.50 Td (bookings ) Tj ET Q q 0 0 0 rg BT 201.58 676.50 Td (signed ) Tj ET Q q 0 0 0 rg BT 230.61 676.50 Td (during ) Tj ET Q q 0 0 0 rg BT 258.13 676.50 Td (the ) Tj ET Q q 0 0 0 rg BT 273.14 676.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 304.15 676.50 Td (is ) Tj ET Q q 0 0 0 rg BT 313.15 676.50 Td (as ) Tj ET Q q 0 0 0 rg BT 325.16 676.50 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.25 562 m 86.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 86.25 562 m 168.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.25 562 m 192.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.25 562 m 213.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.25 562 m 295.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.25 562 m 319.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.25 562 m 339.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.25 562 m 413.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.25 562 m 434.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.25 562 m 455.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.25 562 m 537.25 562 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 537.25 562 m 561.25 562 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET q 0 0 0 rg BT 103.45 554.00 Td (Contract T) Tj ET Q q 0 0 0 rg BT 138.19 554.00 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 232.40 554.00 Td (Service T) Tj ET Q q 0 0 0 rg BT 263.27 554.00 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 360.95 554.00 Td (Segment) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 554.00 Td (V) Tj ET Q q 0 0 0 rg BT 475.28 554.00 Td (ertical Market) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.75 537.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 88.75 537.40 Td (Extensions, renewals) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 88.75 530.40 Td (and add-ons) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 175.60 537.40 Td (78) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 185.50 537.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 199.75 537.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 215.75 537.40 Td (Managed IT) Tj ET Q q 0 0 0 rg BT 253.04 537.40 Td ( and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 215.75 527.65 Td (Business Process) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 215.75 517.85 Td (Services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 302.60 537.40 Td (57) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 312.50 537.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 537.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 537.40 Td (U.S. Federal) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.55 532.70 Td (26) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 532.70 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 441.75 537.40 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 537.40 Td (Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.60 537.45 Td (42) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.50 537.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.75 516.40 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 88.75 516.40 Td (New business) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 175.60 516.40 Td (22) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 185.50 516.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 516.40 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 516.40 Td (U.S. Commercial and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 509.40 Td (State Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.55 513.20 Td (14) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 513.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 441.75 516.40 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 516.40 Td (Financial Services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.60 516.45 Td (26) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.50 516.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 199.75 498.40 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 215.75 498.40 Td (System integration and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 215.75 488.65 Td (consulting) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 302.60 498.40 Td (43) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 312.50 498.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 498.40 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 493.20 Td (U.K.and ) Tj ET Q q 0 0 0 rg BT 368.60 493.20 Td (Australia) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.55 493.20 Td (14) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 493.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 441.75 498.40 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 498.40 Td (MRD) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.60 498.45 Td (16) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.50 498.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 476.40 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 476.40 Td (Canada) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.55 475.20 Td (13) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 475.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 441.75 476.40 Td (D) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 476.40 Td (Health) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 548.50 476.40 Td (8) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.50 476.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 462.40 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 462.40 Td (W) Tj ET Q q 0 0 0 rg BT 348.29 462.40 Td (estern and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 455.40 Td (Southern Europe) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.55 459.20 Td (1) Tj ET Q q 0 0 0 rg BT 421.44 459.20 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 459.20 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 441.75 462.40 Td (E) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 462.40 Td (Communication &) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 457.75 455.40 Td (Utilities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 548.50 462.40 Td (8) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.50 462.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 444.40 Td (F) Tj ET Q q 0 0 0 rg BT 330.64 444.40 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 444.40 Td (Central and Eastern) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 437.40 Td (Europe) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.50 439.70 Td (9) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 439.70 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 423.40 Td (G.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 423.40 Td (Scandinavia) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.50 423.40 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 423.40 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.75 413.40 Td (H.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 413.40 Td (Finland, Poland and) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.75 406.40 Td (Baltics) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.50 413.40 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.50 413.40 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 381.00 Td (The ) Tj ET Q q 0 0 0 rg BT 90.51 381.00 Td (following ) Tj ET Q q 0 0 0 rg BT 128.03 381.00 Td (table ) Tj ET Q q 0 0 0 rg BT 150.05 381.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.56 381.00 Td (a ) Tj ET Q q 0 0 0 rg BT 194.07 381.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.57 381.00 Td (of ) Tj ET Q q 0 0 0 rg BT 243.58 381.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.59 381.00 Td (bookings ) Tj ET Q q 0 0 0 rg BT 297.12 381.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.63 381.00 Td (book-to-bill ) Tj ET Q q 0 0 0 rg BT 361.15 381.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 381.16 381.00 Td (by ) Tj ET Q q 0 0 0 rg BT 393.17 381.00 Td (segment:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 71.25 364.50 209.00 -29.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 280.25 364.50 94.00 -29.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 374.25 364.50 94.00 -29.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 468.25 364.50 94.00 -29.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.25 335.50 209.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 280.25 335.50 94.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 374.25 335.50 94.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 468.25 335.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 322.50 94.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 318.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 305.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 292.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 279.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 266.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 253.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 240.50 94.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 280.25 227.50 94.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.25 364.5 m 280.25 364.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.25 364.5 m 374.25 364.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.25 364.5 m 468.25 364.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.25 364.5 m 562.25 364.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.25 214.5 m 280.25 214.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.25 214.5 m 374.25 214.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.25 214.5 m 468.25 214.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.25 214.5 m 562.25 214.5 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 73.75 348.20 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 285.40 355.98 Td (Bookings for the three) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 316.05 347.98 Td (months ended) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 296.00 339.98 Td (September 30, 2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 382.50 355.98 Td (Bookings for the year) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 384.25 347.98 Td (ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 446.95 339.98 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 481.85 355.98 Td (Book-to-bill ratio for) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 502.25 347.98 Td (the year ended) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 484.00 339.98 Td (September 30, 2020) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.75 326.73 Td (T) Tj ET Q q 0 0 0 rg BT 84.34 326.73 Td (otal CGI) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.45 326.78 Td (3,474,148) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 326.73 Td (1) Tj ET Q q 0 0 0 rg BT 417.75 326.73 Td (1,847,704) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.80 326.78 Td (97.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 326.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 309.73 Td (W) Tj ET Q q 0 0 0 rg BT 87.23 309.73 Td (estern and Southern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 309.73 Td (391,598) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 309.78 Td (1,860,234) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.80 309.78 Td (97.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 309.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 296.73 Td (U.S. Commercial and State Government) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 296.73 Td (495,585) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 296.78 Td (2,027,383) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.35 296.78 Td (106.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 296.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 283.73 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 283.73 Td (458,330) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 283.78 Td (1,443,508) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.80 283.78 Td (78.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 283.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 270.73 Td (U.S. Federal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 270.73 Td (879,881) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 270.78 Td (1,747,090) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.35 270.78 Td (100.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 270.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 257.73 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 114.27 257.73 Td (Australia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 257.73 Td (491,920) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 257.78 Td (1,308,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.80 257.78 Td (83.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 257.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 244.73 Td (Central and Eastern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 244.73 Td (321,158) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 244.78 Td (1,341,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.35 244.78 Td (107.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 244.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 231.73 Td (Scandinavia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 231.73 Td (224,027) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.80 231.78 Td (1,290,579) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.35 231.78 Td (1) Tj ET Q q 0 0 0 rg BT 531.80 231.78 Td (1) Tj ET Q q 0 0 0 rg BT 536.25 231.78 Td (1.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 231.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 79.75 218.73 Td (Finland, Poland and Baltics) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.05 218.73 Td (21) Tj ET Q q 0 0 0 rg BT 344.95 218.73 Td (1,649) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.45 218.73 Td (829,109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.35 218.78 Td (103.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 548.60 218.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 100.12 0 0 98.00 449.65 565.52 cm /I11 Do Q /GS0 gs q 100.68 0 0 98.00 330.90 565.52 cm /I12 Do Q /GS0 gs q 96.00 0 0 96.00 212.25 566.67 cm /I13 Do Q /GS0 gs q 100.00 0 0 98.00 84.25 565.52 cm /I14 Do Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (37) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.2. FOREIGN EXCHANGE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.67 725.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.34 725.95 Td (operates ) Tj ET Q q 0 0 0 rg BT 167.53 725.95 Td (globally ) Tj ET Q q 0 0 0 rg BT 200.21 725.95 Td (and ) Tj ET Q q 0 0 0 rg BT 217.38 725.95 Td (is ) Tj ET Q q 0 0 0 rg BT 226.04 725.95 Td (exposed ) Tj ET Q q 0 0 0 rg BT 262.22 725.95 Td (to ) Tj ET Q q 0 0 0 rg BT 271.89 725.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 308.07 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 317.24 725.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 346.92 725.95 Td (currency ) Tj ET Q q 0 0 0 rg BT 383.58 725.95 Td (rates. ) Tj ET Q q 0 0 0 rg BT 407.82 725.95 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 453.68 725.95 Td (, ) Tj ET Q q 0 0 0 rg BT 458.33 725.95 Td (as ) Tj ET Q q 0 0 0 rg BT 470.00 725.95 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 514.18 725.95 Td (by ) Tj ET Q q 0 0 0 rg BT 525.84 725.95 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 551.00 725.95 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 712.45 Td (value ) Tj ET Q q 0 0 0 rg BT 95.92 712.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 126.84 712.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 163.26 712.45 Td (and ) Tj ET Q q 0 0 0 rg BT 180.69 712.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 231.62 712.45 Td (that ) Tj ET Q q 0 0 0 rg BT 249.04 712.45 Td (are ) Tj ET Q q 0 0 0 rg BT 264.46 712.45 Td (measured ) Tj ET Q q 0 0 0 rg BT 306.88 712.45 Td (in ) Tj ET Q q 0 0 0 rg BT 316.30 712.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 346.22 712.45 Td (currencies ) Tj ET Q q 0 0 0 rg BT 390.15 712.45 Td (using ) Tj ET Q q 0 0 0 rg BT 414.07 712.45 Td (various ) Tj ET Q q 0 0 0 rg BT 445.49 712.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.93 712.45 Td (rates. ) Tj ET Q q 0 0 0 rg BT 511.85 712.45 Td (W) Tj ET Q q 0 0 0 rg BT 520.18 712.45 Td (e ) Tj ET Q q 0 0 0 rg BT 527.59 712.45 Td (report ) Tj ET Q q 0 0 0 rg BT 553.51 712.45 Td (all ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 698.95 Td (dollar ) Tj ET Q q 0 0 0 rg BT 96.51 698.95 Td (amounts ) Tj ET Q q 0 0 0 rg BT 133.53 698.95 Td (in ) Tj ET Q q 0 0 0 rg BT 143.04 698.95 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 184.07 698.95 Td (dollars.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.50 654.65 Td (Closing ) Tj ET Q q 0 0 0 rg BT 106.02 654.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 136.03 654.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 177.57 654.65 Td (rates) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 644.15 292.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 364.50 644.15 66.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 430.50 644.15 66.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 496.50 644.15 66.00 -26.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 618.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 605.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 592.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 579.15 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 566.15 66.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 644.15 m 364.5 644.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 644.15 m 430.5 644.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 644.15 m 496.5 644.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 644.15 m 562.5 644.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 553.15 m 364.5 553.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 553.15 m 430.5 553.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 553.15 m 496.5 553.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 553.15 m 562.5 553.15 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 629.13 Td (As at September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 409.20 629.13 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 475.20 629.13 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 629.13 Td (Change) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 609.38 Td (U.S. dollar) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 609.43 Td (1.3325) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 609.43 Td (1.3246) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 609.38 Td (0.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 609.38 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 596.38 Td (Euro) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 596.43 Td (1.5622) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 596.43 Td (1.4446) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 596.38 Td (8.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 596.38 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 583.38 Td (Indian rupee) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 583.43 Td (0.0181) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 583.43 Td (0.0188) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 583.38 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 583.38 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 570.38 Td (British pound) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 570.43 Td (1.7216) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 570.43 Td (1.6302) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 570.38 Td (5.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 570.38 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 557.38 Td (Swedish krona) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 557.43 Td (0.1487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 557.43 Td (0.1347) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 557.43 Td (10.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 557.38 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.50 528.85 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 528.85 Td (verage foreign exchange rates) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 518.35 292.00 -27.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 364.50 518.35 66.00 -27.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 430.50 518.35 66.00 -27.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 496.50 518.35 66.00 -27.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 491.35 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 478.35 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 465.35 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 452.35 66.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 364.50 439.35 66.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 518.35 m 364.5 518.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 518.35 m 430.5 518.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 518.35 m 496.5 518.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 518.35 m 562.5 518.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 426.35 m 364.5 426.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 426.35 m 430.5 426.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 426.35 m 496.5 426.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 426.35 m 562.5 426.35 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 502.83 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 403.20 502.83 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 469.20 502.83 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 502.83 Td (Change) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 482.58 Td (U.S. dollar) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 482.63 Td (1.3327) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 482.63 Td (1.3205) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 482.58 Td (0.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 482.58 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 469.58 Td (Euro) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 469.63 Td (1.5579) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 469.63 Td (1.4689) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 469.58 Td (6.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 469.58 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 456.58 Td (Indian rupee) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 456.63 Td (0.0179) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 456.63 Td (0.0188) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 456.58 Td (\(4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 456.58 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 443.58 Td (British pound) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 443.63 Td (1.7215) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 443.63 Td (1.6285) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 443.58 Td (5.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 443.58 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 430.58 Td (Swedish krona) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 430.63 Td (0.1503) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 430.63 Td (0.1378) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 430.58 Td (9.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 430.58 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (38) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 742.45 Td (5.3. REVENUE DISTRIBUTION) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 722.95 Td (The following charts provide additional information regarding our revenue mix for the quarter ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.73 722.95 Td (September30, 2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.28 722.95 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.5 593.45 m 91.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 91.5 593.45 m 111.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111.5 593.45 m 216.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 593.45 m 237.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 593.45 m 258.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 593.45 m 282.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 593.45 m 390.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 593.45 m 411.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 593.45 m 435.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 593.45 m 538.5 593.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 593.45 m 561.5 593.45 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET q 0 0 0 rg BT 144.15 585.45 Td (Service T) Tj ET Q q 0 0 0 rg BT 175.02 585.45 Td (ype) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 307.80 585.45 Td (Client Geography) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 463.75 585.45 Td (V) Tj ET Q q 0 0 0 rg BT 468.03 585.45 Td (ertical Market) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 76.00 568.85 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.00 568.85 Td (Managed IT) Tj ET Q q 0 0 0 rg BT 131.29 568.85 Td ( and Business Process Services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 243.95 568.85 Td (56) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.75 568.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 568.85 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 568.85 Td (U.S.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 396.95 568.85 Td (31) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 568.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.00 568.85 Td (A.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.00 568.85 Td (Government) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 546.95 568.85 Td (35) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.75 568.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 76.00 558.85 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.00 558.85 Td (System integration and consulting) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 243.95 558.85 Td (44) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.75 558.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 558.85 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 558.85 Td (Canada) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 396.95 558.85 Td (15) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 558.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.00 558.85 Td (B.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.00 558.85 Td (MRD) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 546.95 558.85 Td (22) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.75 558.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 548.85 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 548.85 Td (U.K.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 396.95 548.85 Td (13) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 548.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.00 548.85 Td (C.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.00 548.85 Td (Financial services) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 546.95 548.85 Td (22) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.75 548.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 538.85 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 538.85 Td (France) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 396.95 538.85 Td (13) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 538.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.00 538.85 Td (D.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.00 538.85 Td (Communications & utilities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 546.95 538.85 Td (14) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.75 538.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 528.85 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 528.85 Td (Germany) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 400.80 528.85 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 528.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.00 528.85 Td (E.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 438.00 528.85 Td (Health) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.85 528.85 Td (7) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 554.75 528.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 518.85 Td (F) Tj ET Q q 0 0 0 rg BT 269.89 518.85 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 518.85 Td (Sweden) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 400.80 518.85 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 518.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 508.85 Td (G.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 508.85 Td (Finland) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 400.80 508.85 Td (6) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 508.85 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 266.00 498.85 Td (H.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.00 498.85 Td (Rest of the world) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 396.95 498.85 Td (10) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 404.75 498.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 2.00 0 0 1.98 414.00 610.12 cm /I15 Do Q /GS0 gs q 99.00 0 0 99.00 287.50 598.12 cm /I16 Do Q /GS0 gs q 104.00 0 0 103.00 113.50 598.12 cm /I17 Do Q /GS0 gs q 107.00 0 0 107.00 435.00 596.97 cm /I18 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 456.45 Td (5.3.1. ) Tj ET Q q 0 0 0 rg BT 99.02 456.45 Td (Client ) Tj ET Q q 0 0 0 rg BT 126.52 456.45 Td (Concentration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 436.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 95.19 436.95 Td (guidance ) Tj ET Q q 0 0 0 rg BT 133.91 436.95 Td (on ) Tj ET Q q 0 0 0 rg BT 146.10 436.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 182.81 436.95 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 230.01 436.95 Td (defines ) Tj ET Q q 0 0 0 rg BT 261.22 436.95 Td (a ) Tj ET Q q 0 0 0 rg BT 268.41 436.95 Td (single ) Tj ET Q q 0 0 0 rg BT 294.11 436.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 333.31 436.95 Td (as ) Tj ET Q q 0 0 0 rg BT 345.00 436.95 Td (a ) Tj ET Q q 0 0 0 rg BT 352.19 436.95 Td (group ) Tj ET Q q 0 0 0 rg BT 377.40 436.95 Td (of ) Tj ET Q q 0 0 0 rg BT 387.09 436.95 Td (entities ) Tj ET Q q 0 0 0 rg BT 417.79 436.95 Td (that ) Tj ET Q q 0 0 0 rg BT 434.99 436.95 Td (are ) Tj ET Q q 0 0 0 rg BT 450.19 436.95 Td (known ) Tj ET Q q 0 0 0 rg BT 478.39 436.95 Td (to ) Tj ET Q q 0 0 0 rg BT 488.08 436.95 Td (the ) Tj ET Q q 0 0 0 rg BT 502.78 436.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 540.49 436.95 Td (entity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 423.45 Td (to ) Tj ET Q q 0 0 0 rg BT 83.17 423.45 Td (be ) Tj ET Q q 0 0 0 rg BT 96.34 423.45 Td (under ) Tj ET Q q 0 0 0 rg BT 122.51 423.45 Td (common ) Tj ET Q q 0 0 0 rg BT 160.18 423.45 Td (control. ) Tj ET Q q 0 0 0 rg BT 192.23 423.45 Td (As ) Tj ET Q q 0 0 0 rg BT 205.89 423.45 Td (a ) Tj ET Q q 0 0 0 rg BT 214.06 423.45 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 273.26 423.45 Td (our ) Tj ET Q q 0 0 0 rg BT 289.43 423.45 Td (work ) Tj ET Q q 0 0 0 rg BT 311.59 423.45 Td (for ) Tj ET Q q 0 0 0 rg BT 325.25 423.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.92 423.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 361.59 423.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 392.26 423.45 Td (government ) Tj ET Q q 0 0 0 rg BT 442.95 423.45 Td (including ) Tj ET Q q 0 0 0 rg BT 481.64 423.45 Td (its ) Tj ET Q q 0 0 0 rg BT 493.80 423.45 Td (various ) Tj ET Q q 0 0 0 rg BT 525.97 423.45 Td (agencies ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 409.95 Td (represented ) Tj ET Q q 0 0 0 rg BT 123.03 409.95 Td (14.5% ) Tj ET Q q 0 0 0 rg BT 151.05 409.95 Td (of ) Tj ET Q q 0 0 0 rg BT 161.06 409.95 Td (our ) Tj ET Q q 0 0 0 rg BT 176.57 409.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.59 409.95 Td (for ) Tj ET Q q 0 0 0 rg BT 224.59 409.95 Td (Q4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.10 409.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.12 409.95 Td ( ) Tj ET Q q 0 0 0 rg BT 261.62 409.95 Td (as ) Tj ET Q q 0 0 0 rg BT 273.63 409.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 316.15 409.95 Td (to ) Tj ET Q q 0 0 0 rg BT 326.16 409.95 Td (13.7% ) Tj ET Q q 0 0 0 rg BT 354.18 409.95 Td (for ) Tj ET Q q 0 0 0 rg BT 367.18 409.95 Td (Q4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.69 409.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.71 409.95 Td (.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (39) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.4. REVENUE BY) Tj ET Q q 0 0 0 rg BT 149.36 742.45 Td ( SEGMENT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.27 725.95 Td (following ) Tj ET Q q 0 0 0 rg BT 128.06 725.95 Td (table ) Tj ET Q q 0 0 0 rg BT 150.34 725.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 187.12 725.95 Td (a ) Tj ET Q q 0 0 0 rg BT 194.89 725.95 Td (summary ) Tj ET Q q 0 0 0 rg BT 234.65 725.95 Td (of ) Tj ET Q q 0 0 0 rg BT 244.92 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 260.20 725.95 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 321.48 725.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 358.27 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 368.04 725.95 Td (our ) Tj ET Q q 0 0 0 rg BT 383.81 725.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 421.60 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 431.37 725.95 Td (total ) Tj ET Q q 0 0 0 rg BT 451.15 725.95 Td (and ) Tj ET Q q 0 0 0 rg BT 468.93 725.95 Td (by ) Tj ET Q q 0 0 0 rg BT 481.20 725.95 Td (segment, ) Tj ET Q q 0 0 0 rg BT 520.98 725.95 Td (separately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 712.45 Td (showing ) Tj ET Q q 0 0 0 rg BT 107.46 712.45 Td (the ) Tj ET Q q 0 0 0 rg BT 122.41 712.45 Td (impacts ) Tj ET Q q 0 0 0 rg BT 155.86 712.45 Td (of ) Tj ET Q q 0 0 0 rg BT 165.81 712.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 195.77 712.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 232.72 712.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 274.19 712.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 292.14 712.45 Td (variations ) Tj ET Q q 0 0 0 rg BT 333.10 712.45 Td (between ) Tj ET Q q 0 0 0 rg BT 369.56 712.45 Td (the ) Tj ET Q q 0 0 0 rg BT 384.52 712.45 Td (Q4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.96 712.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.98 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 421.42 712.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.88 712.45 Td (Q4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.33 712.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.35 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 475.79 712.45 Td (periods. ) Tj ET Q q 0 0 0 rg BT 510.09 712.45 Td (The ) Tj ET Q q 0 0 0 rg BT 528.04 712.45 Td (Q4 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.48 712.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 698.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 106.60 698.95 Td (by ) Tj ET Q q 0 0 0 rg BT 118.19 698.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 154.79 698.95 Td (was ) Tj ET Q q 0 0 0 rg BT 172.87 698.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 210.47 698.95 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 249.07 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 263.66 698.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 289.75 698.95 Td (average ) Tj ET Q q 0 0 0 rg BT 324.36 698.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 353.95 698.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 395.06 698.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 417.15 698.95 Td (for ) Tj ET Q q 0 0 0 rg BT 429.73 698.95 Td (that ) Tj ET Q q 0 0 0 rg BT 446.83 698.95 Td (period. ) Tj ET Q q 0 0 0 rg BT 476.29 698.95 Td (The ) Tj ET Q q 0 0 0 rg BT 493.88 698.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.47 698.95 Td (exchange ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 685.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.27 685.45 Td (is ) Tj ET Q q 0 0 0 rg BT 110.54 685.45 Td (the ) Tj ET Q q 0 0 0 rg BT 125.81 685.45 Td (dif) Tj ET Q q 0 0 0 rg BT 135.15 685.45 Td (ference ) Tj ET Q q 0 0 0 rg BT 167.94 685.45 Td (between ) Tj ET Q q 0 0 0 rg BT 204.73 685.45 Td (the ) Tj ET Q q 0 0 0 rg BT 220.00 685.45 Td (current ) Tj ET Q q 0 0 0 rg BT 250.78 685.45 Td (period) Tj ET Q q 0 0 0 rg BT 277.63 685.45 Td (s ) Tj ET Q q 0 0 0 rg BT 284.90 685.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 311.68 685.45 Td (results ) Tj ET Q q 0 0 0 rg BT 340.95 685.45 Td (and ) Tj ET Q q 0 0 0 rg BT 358.73 685.45 Td (the ) Tj ET Q q 0 0 0 rg BT 374.01 685.45 Td (current ) Tj ET Q q 0 0 0 rg BT 404.78 685.45 Td (period) Tj ET Q q 0 0 0 rg BT 431.64 685.45 Td (s ) Tj ET Q q 0 0 0 rg BT 438.90 685.45 Td (results ) Tj ET Q q 0 0 0 rg BT 468.17 685.45 Td (converted ) Tj ET Q q 0 0 0 rg BT 510.46 685.45 Td (with ) Tj ET Q q 0 0 0 rg BT 529.23 685.45 Td (the ) Tj ET Q q 0 0 0 rg BT 544.50 685.45 Td (prior ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 671.95 Td (year) Tj ET Q q 0 0 0 rg BT 89.84 671.95 Td () Tj ET Q q 0 0 0 rg BT 91.68 671.95 Td (s ) Tj ET Q q 0 0 0 rg BT 98.68 671.95 Td (average ) Tj ET Q q 0 0 0 rg BT 133.70 671.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 163.72 671.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 205.26 671.95 Td (rates.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.25 661.45 257.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.25 661.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.25 661.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.25 661.45 116.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.25 648.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.25 648.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.25 648.45 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 503.25 648.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 635.45 58.00 -10.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 625.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 625.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 625.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 625.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 625.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 612.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 599.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 586.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 586.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 586.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 586.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 586.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 573.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 569.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 556.45 58.00 -14.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 542.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 529.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 529.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 529.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 529.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 529.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 516.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 512.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 499.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 486.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 473.45 257.00 -20.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 473.45 58.00 -20.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 473.45 58.00 -20.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 473.45 58.00 -20.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 473.45 58.00 -20.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 453.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 449.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 436.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 423.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 410.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 410.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 410.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 410.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 410.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 397.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 393.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 380.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 367.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 354.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 354.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 354.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 354.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 354.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 341.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 337.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 324.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 311.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 298.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 298.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 298.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 298.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 298.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 285.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 281.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 268.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 255.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 242.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 242.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 242.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 242.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 242.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 229.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 225.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 212.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 199.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 186.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 186.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 186.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 186.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 186.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 173.45 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 169.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 156.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 143.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 130.45 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 130.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 130.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 130.45 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 130.45 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 117.45 58.00 -4.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 661.45 m 329.25 661.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.25 661.45 m 387.25 661.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.25 661.45 m 445.25 661.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.25 661.45 m 503.25 661.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 661.45 m 561.25 661.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 74.75 639.68 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 495.75 652.93 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 359.95 639.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 417.95 639.93 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 483.75 639.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 535.75 639.93 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 627.85 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 616.68 Td (T) Tj ET Q q 0 0 0 rg BT 79.34 616.68 Td (otal CGI revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 616.68 Td (2,925,560) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.00 616.73 Td (2,959,230) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 616.68 Td (\(33,670) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 616.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 616.68 Td (\(1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 616.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 603.68 Td (V) Tj ET Q q 0 0 0 rg BT 79.79 603.68 Td (ariation prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.15 603.68 Td (\(4.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.95 603.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 590.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.80 590.68 Td (3.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.95 590.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 577.68 Td (V) Tj ET Q q 0 0 0 rg BT 79.87 577.68 Td (ariation over previous period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.15 577.68 Td (\(1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.95 577.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 560.68 Td (W) Tj ET Q q 0 0 0 rg BT 82.23 560.68 Td (estern and Southern Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 546.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 546.68 Td (407,659) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 546.68 Td (475,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 546.68 Td (\(67,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 546.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.70 546.68 Td (\(14.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 546.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 533.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.45 533.68 Td (25,405) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 520.68 Td (W) Tj ET Q q 0 0 0 rg BT 82.23 520.68 Td (estern and Southern Europe revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 520.68 Td (433,064) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 520.68 Td (475,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 520.68 Td (\(42,233) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 520.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 520.68 Td (\(8.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 520.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 504.13 Td (U.S. Commercial and State Government) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 490.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 490.68 Td (456,549) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 490.68 Td (447,527) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.55 490.73 Td (9,022) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 490.68 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 490.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 477.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.90 477.68 Td (4,822) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 465.13 Td (U.S. Commercial and State Government) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 457.13 Td (revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 461.43 Td (461,371) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 461.43 Td (447,527) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 461.43 Td (13,844) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 461.43 Td (3.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 461.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 440.68 Td (Canada) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 427.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 427.68 Td (396,243) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 427.68 Td (430,572) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 427.68 Td (\(34,329) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 427.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 427.68 Td (\(8.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 427.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 414.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.55 414.68 Td (512) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 401.68 Td (Canada revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 401.68 Td (396,755) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 401.68 Td (430,572) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 401.68 Td (\(33,817) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 401.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 401.68 Td (\(7.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 401.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 385.13 Td (U.S. Federal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 371.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 371.68 Td (427,140) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 371.68 Td (416,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 371.68 Td (10,427) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 371.68 Td (2.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 371.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 358.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.90 358.68 Td (4,236) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 345.68 Td (U.S. Federal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 345.68 Td (431,376) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 345.68 Td (416,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 345.68 Td (14,663) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 345.68 Td (3.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 345.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 328.68 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.27 328.68 Td (Australia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 315.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 315.68 Td (328,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 315.68 Td (337,964) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.90 315.68 Td (\(9,559) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 315.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 315.68 Td (\(2.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 315.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 302.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.45 302.68 Td (19,068) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 289.68 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.27 289.68 Td (Australia revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 289.68 Td (347,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 289.68 Td (337,964) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.55 289.73 Td (9,509) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 289.68 Td (2.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 289.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 272.68 Td (Central and Eastern Europe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 259.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 259.68 Td (289,263) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 259.68 Td (293,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.90 259.68 Td (\(3,933) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 259.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 259.68 Td (\(1.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 259.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 246.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.45 246.68 Td (17,577) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 233.68 Td (Central and Eastern Europe revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 233.68 Td (306,840) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 233.68 Td (293,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 233.68 Td (13,644) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 233.68 Td (4.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 233.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 216.68 Td (Scandinavia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 203.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 203.68 Td (218,593) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 203.68 Td (260,367) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 203.68 Td (\(41,774) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 203.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.70 203.68 Td (\(16.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 203.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 190.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.45 190.68 Td (15,597) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 177.68 Td (Scandinavia revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 177.68 Td (234,190) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 177.68 Td (260,367) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 177.68 Td (\(26,177) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 177.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.70 177.68 Td (\(10.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 177.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 160.68 Td (Finland, Poland and Baltics) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 147.68 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 147.68 Td (167,945) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 147.68 Td (176,327) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.90 147.68 Td (\(8,382) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 147.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.15 147.68 Td (\(4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 147.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 134.68 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.45 134.68 Td (10,467) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 121.68 Td (Finland, Poland & Baltics revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 121.68 Td (178,412) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 121.68 Td (176,327) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.55 121.73 Td (2,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 121.68 Td (1.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 121.68 Td (%) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (40) Tj ET Q BT /F1 10.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.25 747.50 257.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.25 747.50 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.25 747.50 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.25 747.50 116.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.25 734.50 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.25 734.50 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.25 734.50 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 503.25 734.50 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 721.50 58.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 711.50 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 698.50 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.25 685.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 672.50 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 672.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 672.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 672.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 672.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.25 653.50 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.25 653.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.25 653.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.25 653.50 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.25 653.50 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 659.5 m 329.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.25 659.5 m 387.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.25 659.5 m 445.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.25 659.5 m 503.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 659.5 m 561.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 653.5 m 329.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.25 653.5 m 387.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.25 653.5 m 445.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.25 653.5 m 503.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 653.5 m 561.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.25 640.5 m 329.25 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.25 640.5 m 387.25 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.25 640.5 m 445.25 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.25 640.5 m 503.25 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 640.5 m 561.25 640.5 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 74.75 725.73 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 495.75 738.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 359.95 725.98 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 417.95 725.98 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 483.75 725.98 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 535.75 725.98 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.75 713.90 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 702.73 Td (Asia Pacific) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 689.73 Td (Revenue prior to foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 689.73 Td (177,440) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 689.73 Td (156,388) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 689.73 Td (21,052) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.35 689.78 Td (13.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 689.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.75 676.73 Td (Foreign currency impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 676.73 Td (\(5,855) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.95 676.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 663.73 Td (Asia Pacific revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 663.73 Td (171,585) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.65 663.73 Td (156,388) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.05 663.73 Td (15,197) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 663.73 Td (9.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 663.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.75 644.73 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 644.73 Td (\(35,506) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.95 644.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.45 644.73 Td (\(35,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.60 644.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.55 644.78 Td (\(385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.60 644.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.80 644.73 Td (1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.95 644.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 621.50 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 621.50 Td (e ) Tj ET Q q 0 0 0 rg BT 88.73 621.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 117.16 621.50 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 133.06 621.50 Td (fourth) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 156.08 621.50 Td ( ) Tj ET Q q 0 0 0 rg BT 159.47 621.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 191.38 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 202.28 621.50 Td (Fiscal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.18 621.50 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.20 621.50 Td ( ) Tj ET Q q 0 0 0 rg BT 252.60 621.50 Td (with ) Tj ET Q q 0 0 0 rg BT 272.00 621.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 307.92 621.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.82 621.50 Td ($2,925.6 ) Tj ET Q q 0 0 0 rg BT 357.25 621.50 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.75 621.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.65 621.50 Td (a ) Tj ET Q q 0 0 0 rg BT 397.05 621.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 437.47 621.50 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.37 621.50 Td ($33.7 ) Tj ET Q q 0 0 0 rg BT 474.29 621.50 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.80 621.50 Td (, ) Tj ET Q q 0 0 0 rg BT 505.69 621.50 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.09 621.50 Td (1.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.60 621.50 Td ( ) Tj ET Q q 0 0 0 rg BT 541.00 621.50 Td (when ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 114.80 608.00 Td (to ) Tj ET Q q 0 0 0 rg BT 125.08 608.00 Td (the ) Tj ET Q q 0 0 0 rg BT 140.37 608.00 Td (same ) Tj ET Q q 0 0 0 rg BT 165.15 608.00 Td (period ) Tj ET Q q 0 0 0 rg BT 192.95 608.00 Td (of ) Tj ET Q q 0 0 0 rg BT 203.23 608.00 Td (Fiscal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.51 608.00 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.53 608.00 Td (. ) Tj ET Q q 0 0 0 rg BT 254.80 608.00 Td (On ) Tj ET Q q 0 0 0 rg BT 269.59 608.00 Td (a ) Tj ET Q q 0 0 0 rg BT 277.37 608.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 314.17 608.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 351.45 608.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 377.74 608.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 413.04 608.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 457.85 608.00 Td (by ) Tj ET Q q 0 0 0 rg BT 470.13 608.00 Td ($132.9 ) Tj ET Q q 0 0 0 rg BT 500.43 608.00 Td (million ) Tj ET Q q 0 0 0 rg BT 528.71 608.00 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.49 608.00 Td (4.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.01 608.00 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 594.50 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 105.57 594.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 143.14 594.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 161.70 594.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 210.29 594.50 Td (favourably ) Tj ET Q q 0 0 0 rg BT 254.87 594.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 294.44 594.50 Td (our ) Tj ET Q q 0 0 0 rg BT 310.50 594.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 346.08 594.50 Td (by ) Tj ET Q q 0 0 0 rg BT 358.65 594.50 Td ($99.2 ) Tj ET Q q 0 0 0 rg BT 384.22 594.50 Td (million ) Tj ET Q q 0 0 0 rg BT 412.79 594.50 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.85 594.50 Td (3.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.36 594.50 Td (. ) Tj ET Q q 0 0 0 rg BT 449.72 594.50 Td (The ) Tj ET Q q 0 0 0 rg BT 468.28 594.50 Td (change ) Tj ET Q q 0 0 0 rg BT 500.86 594.50 Td (in ) Tj ET Q q 0 0 0 rg BT 510.93 594.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 546.51 594.50 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 581.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 99.47 581.00 Td (due ) Tj ET Q q 0 0 0 rg BT 115.95 581.00 Td (to ) Tj ET Q q 0 0 0 rg BT 124.92 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.89 581.00 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 179.87 581.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.84 581.00 Td (activities, ) Tj ET Q q 0 0 0 rg BT 227.32 581.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 262.78 581.00 Td (in ) Tj ET Q q 0 0 0 rg BT 271.25 581.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.22 581.00 Td (MRD, ) Tj ET Q q 0 0 0 rg BT 309.68 581.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.17 581.00 Td (services ) Tj ET Q q 0 0 0 rg BT 378.64 581.00 Td (and ) Tj ET Q q 0 0 0 rg BT 395.11 581.00 Td (communications ) Tj ET Q q 0 0 0 rg BT 461.60 581.00 Td (& ) Tj ET Q q 0 0 0 rg BT 469.07 581.00 Td (utilities ) Tj ET Q q 0 0 0 rg BT 498.04 581.00 Td (vertical ) Tj ET Q q 0 0 0 rg BT 528.01 581.00 Td (markets, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 567.50 Td (mostly ) Tj ET Q q 0 0 0 rg BT 100.50 567.50 Td (as ) Tj ET Q q 0 0 0 rg BT 112.51 567.50 Td (a ) Tj ET Q q 0 0 0 rg BT 120.01 567.50 Td (result ) Tj ET Q q 0 0 0 rg BT 144.52 567.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.53 567.50 Td (COVID-19. ) Tj ET Q q 0 0 0 rg BT 200.88 567.50 Td (This ) Tj ET Q q 0 0 0 rg BT 220.38 567.50 Td (was ) Tj ET Q q 0 0 0 rg BT 238.89 567.50 Td (partly ) Tj ET Q q 0 0 0 rg BT 263.40 567.50 Td (of) Tj ET Q q 0 0 0 rg BT 270.74 567.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 287.75 567.50 Td (by ) Tj ET Q q 0 0 0 rg BT 299.75 567.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 327.27 567.50 Td (business ) Tj ET Q q 0 0 0 rg BT 365.29 567.50 Td (acquisitions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 541.70 Td (5.4.1. ) Tj ET Q q 0 0 0 rg BT 98.52 541.70 Td (W) Tj ET Q q 0 0 0 rg BT 106.85 541.70 Td (estern ) Tj ET Q q 0 0 0 rg BT 136.36 541.70 Td (and ) Tj ET Q q 0 0 0 rg BT 154.86 541.70 Td (Southern ) Tj ET Q q 0 0 0 rg BT 196.86 541.70 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 525.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.50 525.20 Td (in ) Tj ET Q q 0 0 0 rg BT 119.97 525.20 Td (our ) Tj ET Q q 0 0 0 rg BT 135.45 525.20 Td (W) Tj ET Q q 0 0 0 rg BT 143.78 525.20 Td (estern ) Tj ET Q q 0 0 0 rg BT 171.26 525.20 Td (and ) Tj ET Q q 0 0 0 rg BT 188.75 525.20 Td (Southern ) Tj ET Q q 0 0 0 rg BT 227.75 525.20 Td (Europe ) Tj ET Q q 0 0 0 rg BT 259.24 525.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 296.23 525.20 Td (was ) Tj ET Q q 0 0 0 rg BT 314.70 525.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.71 525.20 Td (433.1 ) Tj ET Q q 0 0 0 rg BT 344.70 525.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.20 525.20 Td ( ) Tj ET Q q 0 0 0 rg BT 372.67 525.20 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.15 525.20 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.15 525.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.62 525.20 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.65 525.20 Td (, ) Tj ET Q q 0 0 0 rg BT 421.62 525.20 Td (a ) Tj ET Q q 0 0 0 rg BT 429.09 525.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 468.58 525.20 Td (of ) Tj ET Q q 0 0 0 rg BT 478.56 525.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.57 525.20 Td (42.2 ) Tj ET Q q 0 0 0 rg BT 503.55 525.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.06 525.20 Td ( ) Tj ET Q q 0 0 0 rg BT 531.53 525.20 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.00 525.20 Td (8.9%) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 511.70 Td (over ) Tj ET Q q 0 0 0 rg BT 92.05 511.70 Td (the ) Tj ET Q q 0 0 0 rg BT 107.11 511.70 Td (same ) Tj ET Q q 0 0 0 rg BT 131.66 511.70 Td (period ) Tj ET Q q 0 0 0 rg BT 159.23 511.70 Td (last ) Tj ET Q q 0 0 0 rg BT 175.78 511.70 Td (year) Tj ET Q q 0 0 0 rg BT 192.79 511.70 Td (. ) Tj ET Q q 0 0 0 rg BT 197.84 511.70 Td (On ) Tj ET Q q 0 0 0 rg BT 212.39 511.70 Td (a ) Tj ET Q q 0 0 0 rg BT 219.94 511.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 256.51 511.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 293.56 511.70 Td (basis, ) Tj ET Q q 0 0 0 rg BT 319.62 511.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 354.69 511.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 399.27 511.70 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.32 511.70 Td ($67.6 ) Tj ET Q q 0 0 0 rg BT 436.39 511.70 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.89 511.70 Td ( ) Tj ET Q q 0 0 0 rg BT 464.44 511.70 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.99 511.70 Td (14.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.50 511.70 Td (. ) Tj ET Q q 0 0 0 rg BT 505.39 511.70 Td (The ) Tj ET Q q 0 0 0 rg BT 523.44 511.70 Td (change ) Tj ET Q q 0 0 0 rg BT 555.51 511.70 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 498.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.20 498.20 Td (was ) Tj ET Q q 0 0 0 rg BT 125.88 498.20 Td (due ) Tj ET Q q 0 0 0 rg BT 143.57 498.20 Td (to ) Tj ET Q q 0 0 0 rg BT 153.75 498.20 Td (the ) Tj ET Q q 0 0 0 rg BT 168.93 498.20 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 211.13 498.20 Td (of ) Tj ET Q q 0 0 0 rg BT 221.30 498.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 258.49 498.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 287.17 498.20 Td (within ) Tj ET Q q 0 0 0 rg BT 312.85 498.20 Td (the ) Tj ET Q q 0 0 0 rg BT 328.04 498.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.73 498.20 Td (services ) Tj ET Q q 0 0 0 rg BT 399.41 498.20 Td (and ) Tj ET Q q 0 0 0 rg BT 417.10 498.20 Td (MRD ) Tj ET Q q 0 0 0 rg BT 440.27 498.20 Td (vertical ) Tj ET Q q 0 0 0 rg BT 471.45 498.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 508.63 498.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 545.31 498.20 Td (as ) Tj ET Q q 0 0 0 rg BT 557.49 498.20 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 484.70 Td (result ) Tj ET Q q 0 0 0 rg BT 96.51 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 106.51 484.70 Td (COVID-19. ) Tj ET Q q 0 0 0 rg BT 152.86 484.70 Td (This ) Tj ET Q q 0 0 0 rg BT 172.37 484.70 Td (was ) Tj ET Q q 0 0 0 rg BT 190.87 484.70 Td (partially ) Tj ET Q q 0 0 0 rg BT 224.38 484.70 Td (of) Tj ET Q q 0 0 0 rg BT 231.73 484.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 248.73 484.70 Td (by ) Tj ET Q q 0 0 0 rg BT 260.74 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 275.75 484.70 Td (Meti ) Tj ET Q q 0 0 0 rg BT 295.26 484.70 Td (acquisition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 465.20 Td (On ) Tj ET Q q 0 0 0 rg BT 86.64 465.20 Td (a ) Tj ET Q q 0 0 0 rg BT 94.28 465.20 Td (client ) Tj ET Q q 0 0 0 rg BT 117.93 465.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 165.10 465.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 191.25 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 206.40 465.20 Td (top ) Tj ET Q q 0 0 0 rg BT 221.54 465.20 Td (two ) Tj ET Q q 0 0 0 rg BT 238.18 465.20 Td (W) Tj ET Q q 0 0 0 rg BT 246.52 465.20 Td (estern ) Tj ET Q q 0 0 0 rg BT 274.17 465.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.82 465.20 Td (Southern ) Tj ET Q q 0 0 0 rg BT 330.98 465.20 Td (Europe ) Tj ET Q q 0 0 0 rg BT 362.64 465.20 Td (vertical ) Tj ET Q q 0 0 0 rg BT 393.78 465.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 428.42 465.20 Td (were ) Tj ET Q q 0 0 0 rg BT 450.57 465.20 Td (MRD ) Tj ET Q q 0 0 0 rg BT 473.70 465.20 Td (and ) Tj ET Q q 0 0 0 rg BT 491.35 465.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.01 465.20 Td (services, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 451.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 451.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 158.56 451.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 451.70 Td (of ) Tj ET Q q 0 0 0 rg BT 208.09 451.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.62 451.70 Td ($266 ) Tj ET Q q 0 0 0 rg BT 289.14 451.70 Td (million ) Tj ET Q q 0 0 0 rg BT 317.14 451.70 Td (for ) Tj ET Q q 0 0 0 rg BT 330.15 451.70 Td (the ) Tj ET Q q 0 0 0 rg BT 345.16 451.70 Td (three ) Tj ET Q q 0 0 0 rg BT 368.17 451.70 Td (months ) Tj ET Q q 0 0 0 rg BT 400.19 451.70 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.72 451.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 489.25 451.70 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.27 451.70 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 423.20 Td (5.4.2. ) Tj ET Q q 0 0 0 rg BT 98.52 423.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 423.20 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 172.54 423.20 Td (and ) Tj ET Q q 0 0 0 rg BT 191.04 423.20 Td (State ) Tj ET Q q 0 0 0 rg BT 215.55 423.20 Td (Government) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 403.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.99 403.70 Td (from ) Tj ET Q q 0 0 0 rg BT 131.95 403.70 Td (our ) Tj ET Q q 0 0 0 rg BT 147.91 403.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 168.38 403.70 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 219.34 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 237.32 403.70 Td (State ) Tj ET Q q 0 0 0 rg BT 261.29 403.70 Td (Government ) Tj ET Q q 0 0 0 rg BT 313.77 403.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 351.25 403.70 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.21 403.70 Td ($461.4 ) Tj ET Q q 0 0 0 rg BT 400.70 403.70 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.21 403.70 Td ( ) Tj ET Q q 0 0 0 rg BT 429.17 403.70 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.13 403.70 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 454.10 403.70 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.12 403.70 Td (, ) Tj ET Q q 0 0 0 rg BT 479.58 403.70 Td (an ) Tj ET Q q 0 0 0 rg BT 492.55 403.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 529.53 403.70 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.99 403.70 Td ($13.8 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 390.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 100.24 390.20 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 110.99 390.20 Td (3.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.50 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 134.24 390.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 177.00 390.20 Td (to ) Tj ET Q q 0 0 0 rg BT 187.24 390.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.49 390.20 Td (same ) Tj ET Q q 0 0 0 rg BT 227.24 390.20 Td (period ) Tj ET Q q 0 0 0 rg BT 255.00 390.20 Td (last ) Tj ET Q q 0 0 0 rg BT 271.74 390.20 Td (year) Tj ET Q q 0 0 0 rg BT 288.75 390.20 Td (. ) Tj ET Q q 0 0 0 rg BT 293.99 390.20 Td (On ) Tj ET Q q 0 0 0 rg BT 308.74 390.20 Td (a ) Tj ET Q q 0 0 0 rg BT 316.48 390.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 353.24 390.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 390.49 390.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 416.74 390.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 452.00 390.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 493.76 390.20 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.01 390.20 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 526.26 390.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.77 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 554.51 390.20 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 376.70 Td (2.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.51 376.70 Td (. ) Tj ET Q q 0 0 0 rg BT 97.62 376.70 Td (The ) Tj ET Q q 0 0 0 rg BT 115.91 376.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 152.71 376.70 Td (was ) Tj ET Q q 0 0 0 rg BT 171.50 376.70 Td (mainly ) Tj ET Q q 0 0 0 rg BT 200.30 376.70 Td (driven ) Tj ET Q q 0 0 0 rg BT 227.59 376.70 Td (by ) Tj ET Q q 0 0 0 rg BT 239.89 376.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 269.68 376.70 Td (within ) Tj ET Q q 0 0 0 rg BT 295.48 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 310.77 376.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.58 376.70 Td (services ) Tj ET Q q 0 0 0 rg BT 382.37 376.70 Td (vertical ) Tj ET Q q 0 0 0 rg BT 413.67 376.70 Td (market, ) Tj ET Q q 0 0 0 rg BT 446.46 376.70 Td (including ) Tj ET Q q 0 0 0 rg BT 484.77 376.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 512.57 376.70 Td (IP) Tj ET Q q 0 0 0 rg BT 520.91 376.70 Td ( ) Tj ET Q q 0 0 0 rg BT 523.70 376.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 547.49 376.70 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 363.20 Td (service ) Tj ET Q q 0 0 0 rg BT 102.53 363.20 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 139.45 363.20 Td (This ) Tj ET Q q 0 0 0 rg BT 158.48 363.20 Td (was ) Tj ET Q q 0 0 0 rg BT 176.51 363.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 200.54 363.20 Td (of) Tj ET Q q 0 0 0 rg BT 207.89 363.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 224.42 363.20 Td (by ) Tj ET Q q 0 0 0 rg BT 235.95 363.20 Td (an ) Tj ET Q q 0 0 0 rg BT 247.98 363.20 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 294.03 363.20 Td (due ) Tj ET Q q 0 0 0 rg BT 311.08 363.20 Td (to ) Tj ET Q q 0 0 0 rg BT 320.61 363.20 Td (a ) Tj ET Q q 0 0 0 rg BT 327.64 363.20 Td (reevaluation ) Tj ET Q q 0 0 0 rg BT 378.70 363.20 Td (of ) Tj ET Q q 0 0 0 rg BT 388.23 363.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.76 363.20 Td (to ) Tj ET Q q 0 0 0 rg BT 416.29 363.20 Td (complete ) Tj ET Q q 0 0 0 rg BT 454.83 363.20 Td (on ) Tj ET Q q 0 0 0 rg BT 466.87 363.20 Td (a ) Tj ET Q q 0 0 0 rg BT 473.90 363.20 Td (project ) Tj ET Q q 0 0 0 rg BT 502.94 363.20 Td (and ) Tj ET Q q 0 0 0 rg BT 519.98 363.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 543.51 363.20 Td (work ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 349.70 Td (volume ) Tj ET Q q 0 0 0 rg BT 103.51 349.70 Td (within ) Tj ET Q q 0 0 0 rg BT 129.02 349.70 Td (the ) Tj ET Q q 0 0 0 rg BT 144.04 349.70 Td (communications ) Tj ET Q q 0 0 0 rg BT 211.56 349.70 Td (& ) Tj ET Q q 0 0 0 rg BT 220.06 349.70 Td (utilities ) Tj ET Q q 0 0 0 rg BT 250.08 349.70 Td (vertical ) Tj ET Q q 0 0 0 rg BT 281.08 349.70 Td (market.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 330.20 Td (On ) Tj ET Q q 0 0 0 rg BT 86.85 330.20 Td (a ) Tj ET Q q 0 0 0 rg BT 94.69 330.20 Td (client ) Tj ET Q q 0 0 0 rg BT 118.55 330.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 165.92 330.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 192.27 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.63 330.20 Td (top ) Tj ET Q q 0 0 0 rg BT 222.98 330.20 Td (two ) Tj ET Q q 0 0 0 rg BT 239.82 330.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 260.17 330.20 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 311.02 330.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.87 330.20 Td (State ) Tj ET Q q 0 0 0 rg BT 352.73 330.20 Td (Government ) Tj ET Q q 0 0 0 rg BT 405.09 330.20 Td (vertical ) Tj ET Q q 0 0 0 rg BT 436.44 330.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 471.29 330.20 Td (were ) Tj ET Q q 0 0 0 rg BT 493.64 330.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.50 330.20 Td (services) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 316.70 Td (and ) Tj ET Q q 0 0 0 rg BT 89.92 316.70 Td (government, ) Tj ET Q q 0 0 0 rg BT 142.86 316.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 188.30 316.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 230.23 316.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.17 316.70 Td (of ) Tj ET Q q 0 0 0 rg BT 280.58 316.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 339.51 316.70 Td ($279 ) Tj ET Q q 0 0 0 rg BT 362.44 316.70 Td (million ) Tj ET Q q 0 0 0 rg BT 390.86 316.70 Td (for ) Tj ET Q q 0 0 0 rg BT 404.27 316.70 Td (the ) Tj ET Q q 0 0 0 rg BT 419.69 316.70 Td (three ) Tj ET Q q 0 0 0 rg BT 443.11 316.70 Td (months ) Tj ET Q q 0 0 0 rg BT 475.53 316.70 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.47 316.70 Td (September30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 303.20 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.02 303.20 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 277.40 Td (5.4.3. ) Tj ET Q q 0 0 0 rg BT 98.52 277.40 Td (Canada) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 260.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.63 260.90 Td (in ) Tj ET Q q 0 0 0 rg BT 120.24 260.90 Td (our ) Tj ET Q q 0 0 0 rg BT 135.86 260.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 169.99 260.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 207.11 260.90 Td (was ) Tj ET Q q 0 0 0 rg BT 225.72 260.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.73 260.90 Td (396.8 ) Tj ET Q q 0 0 0 rg BT 255.85 260.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.36 260.90 Td ( ) Tj ET Q q 0 0 0 rg BT 283.97 260.90 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.58 260.90 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.58 260.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.19 260.90 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.21 260.90 Td (, ) Tj ET Q q 0 0 0 rg BT 333.32 260.90 Td (a ) Tj ET Q q 0 0 0 rg BT 340.93 260.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 380.56 260.90 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.67 260.90 Td ($33.8 ) Tj ET Q q 0 0 0 rg BT 415.79 260.90 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.30 260.90 Td ( ) Tj ET Q q 0 0 0 rg BT 443.91 260.90 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.51 260.90 Td (7.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.03 260.90 Td ( ) Tj ET Q q 0 0 0 rg BT 477.63 260.90 Td (over ) Tj ET Q q 0 0 0 rg BT 497.75 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 512.86 260.90 Td (same ) Tj ET Q q 0 0 0 rg BT 537.48 260.90 Td (period ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 247.40 Td (last ) Tj ET Q q 0 0 0 rg BT 89.15 247.40 Td (year) Tj ET Q q 0 0 0 rg BT 106.16 247.40 Td (. ) Tj ET Q q 0 0 0 rg BT 111.81 247.40 Td (On ) Tj ET Q q 0 0 0 rg BT 126.97 247.40 Td (a ) Tj ET Q q 0 0 0 rg BT 135.12 247.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 172.29 247.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 209.95 247.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 236.60 247.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.28 247.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 317.45 247.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.10 247.40 Td ($34.3 ) Tj ET Q q 0 0 0 rg BT 355.77 247.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.28 247.40 Td ( ) Tj ET Q q 0 0 0 rg BT 384.43 247.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.58 247.40 Td (8.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.09 247.40 Td (. ) Tj ET Q q 0 0 0 rg BT 421.53 247.40 Td (The ) Tj ET Q q 0 0 0 rg BT 440.19 247.40 Td (change ) Tj ET Q q 0 0 0 rg BT 472.86 247.40 Td (was ) Tj ET Q q 0 0 0 rg BT 492.02 247.40 Td (mainly ) Tj ET Q q 0 0 0 rg BT 521.17 247.40 Td (due ) Tj ET Q q 0 0 0 rg BT 539.33 247.40 Td (to ) Tj ET Q q 0 0 0 rg BT 549.99 247.40 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 233.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.72 233.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.44 233.90 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 159.66 233.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 184.38 233.90 Td (work ) Tj ET Q q 0 0 0 rg BT 206.59 233.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 243.31 233.90 Td (and ) Tj ET Q q 0 0 0 rg BT 261.54 233.90 Td (license ) Tj ET Q q 0 0 0 rg BT 292.77 233.90 Td (sales, ) Tj ET Q q 0 0 0 rg BT 319.49 233.90 Td (all ) Tj ET Q q 0 0 0 rg BT 331.70 233.90 Td (within ) Tj ET Q q 0 0 0 rg BT 357.92 233.90 Td (the ) Tj ET Q q 0 0 0 rg BT 373.65 233.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.88 233.90 Td (services ) Tj ET Q q 0 0 0 rg BT 446.09 233.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 477.81 233.90 Td (market, ) Tj ET Q q 0 0 0 rg BT 511.03 233.90 Td (and ) Tj ET Q q 0 0 0 rg BT 529.26 233.90 Td (a ) Tj ET Q q 0 0 0 rg BT 537.47 233.90 Td (higher ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 220.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 115.03 220.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.03 220.40 Td (client ) Tj ET Q q 0 0 0 rg BT 148.54 220.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 182.56 220.40 Td (transferred ) Tj ET Q q 0 0 0 rg BT 228.58 220.40 Td (to ) Tj ET Q q 0 0 0 rg BT 238.58 220.40 Td (our ) Tj ET Q q 0 0 0 rg BT 254.09 220.40 Td (global ) Tj ET Q q 0 0 0 rg BT 280.61 220.40 Td (delivery ) Tj ET Q q 0 0 0 rg BT 314.13 220.40 Td (centers ) Tj ET Q q 0 0 0 rg BT 346.14 220.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.15 220.40 Td (excellence ) Tj ET Q q 0 0 0 rg BT 401.17 220.40 Td (in ) Tj ET Q q 0 0 0 rg BT 410.18 220.40 Td (Asia-Pacific.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 200.90 Td (On ) Tj ET Q q 0 0 0 rg BT 87.05 200.90 Td (a ) Tj ET Q q 0 0 0 rg BT 95.10 200.90 Td (client ) Tj ET Q q 0 0 0 rg BT 119.16 200.90 Td (geographic ) Tj ET Q q 0 0 0 rg BT 166.74 200.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 193.30 200.90 Td (the ) Tj ET Q q 0 0 0 rg BT 208.86 200.90 Td (top ) Tj ET Q q 0 0 0 rg BT 224.41 200.90 Td (two ) Tj ET Q q 0 0 0 rg BT 241.47 200.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 276.04 200.90 Td (vertical ) Tj ET Q q 0 0 0 rg BT 307.59 200.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 342.64 200.90 Td (were ) Tj ET Q q 0 0 0 rg BT 365.20 200.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.26 200.90 Td (services ) Tj ET Q q 0 0 0 rg BT 437.32 200.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.38 200.90 Td (communications ) Tj ET Q q 0 0 0 rg BT 523.45 200.90 Td (& ) Tj ET Q q 0 0 0 rg BT 532.50 200.90 Td (utilities, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 187.40 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 187.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 158.56 187.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 187.40 Td (of ) Tj ET Q q 0 0 0 rg BT 208.09 187.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.62 187.40 Td ($281 ) Tj ET Q q 0 0 0 rg BT 289.14 187.40 Td (million ) Tj ET Q q 0 0 0 rg BT 317.14 187.40 Td (for ) Tj ET Q q 0 0 0 rg BT 330.15 187.40 Td (the ) Tj ET Q q 0 0 0 rg BT 345.16 187.40 Td (three ) Tj ET Q q 0 0 0 rg BT 368.17 187.40 Td (months ) Tj ET Q q 0 0 0 rg BT 400.19 187.40 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.72 187.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 489.25 187.40 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.27 187.40 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 49.50 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 54.50 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 57.00 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 59.50 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 62.00 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 64.50 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 67.00 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.50 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 161.60 Td (5.4.4. ) Tj ET Q q 0 0 0 rg BT 97.02 161.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 117.03 161.60 Td (Federal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 145.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.94 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.87 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.79 145.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 157.21 145.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 190.64 145.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 228.08 145.10 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.00 145.10 Td ($431.4 ) Tj ET Q q 0 0 0 rg BT 277.45 145.10 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.95 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.87 145.10 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.79 145.10 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.80 145.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.71 145.10 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.73 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.15 145.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.08 145.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 406.01 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.44 145.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.44 145.10 Td (14.7 ) Tj ET Q q 0 0 0 rg BT 441.88 145.10 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.38 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.30 145.10 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.22 145.10 Td (3.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.73 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.65 145.10 Td (over ) Tj ET Q q 0 0 0 rg BT 525.07 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.50 145.10 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 131.60 Td (period ) Tj ET Q q 0 0 0 rg BT 99.77 131.60 Td (last ) Tj ET Q q 0 0 0 rg BT 116.54 131.60 Td (year) Tj ET Q q 0 0 0 rg BT 133.55 131.60 Td (. ) Tj ET Q q 0 0 0 rg BT 138.80 131.60 Td (On ) Tj ET Q q 0 0 0 rg BT 153.56 131.60 Td (a ) Tj ET Q q 0 0 0 rg BT 161.33 131.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 198.10 131.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 235.37 131.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 261.64 131.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 296.92 131.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 338.70 131.60 Td (by ) Tj ET Q q 0 0 0 rg BT 350.96 131.60 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.96 131.60 Td (10.4 ) Tj ET Q q 0 0 0 rg BT 376.23 131.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.74 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.50 131.60 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 131.60 Td (2.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.77 131.60 Td (. ) Tj ET Q q 0 0 0 rg BT 440.85 131.60 Td (The ) Tj ET Q q 0 0 0 rg BT 459.11 131.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 495.88 131.60 Td (was ) Tj ET Q q 0 0 0 rg BT 514.64 131.60 Td (driven ) Tj ET Q q 0 0 0 rg BT 541.91 131.60 Td (by ) Tj ET Q q 0 0 0 rg BT 554.17 131.60 Td (IP) Tj ET Q q 0 0 0 rg BT 562.52 131.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 118.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 113.00 118.10 Td (application ) Tj ET Q q 0 0 0 rg BT 159.01 118.10 Td (support ) Tj ET Q q 0 0 0 rg BT 192.01 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.00 118.10 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 265.99 118.10 Td (services ) Tj ET Q q 0 0 0 rg BT 301.98 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.46 118.10 Td (well ) Tj ET Q q 0 0 0 rg BT 332.94 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.43 118.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 373.42 118.10 Td (business ) Tj ET Q q 0 0 0 rg BT 411.92 118.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 464.23 118.10 Td (This ) Tj ET Q q 0 0 0 rg BT 484.21 118.10 Td (was ) Tj ET Q q 0 0 0 rg BT 503.19 118.10 Td (partly ) Tj ET Q q 0 0 0 rg BT 528.18 118.10 Td (of) Tj ET Q q 0 0 0 rg BT 535.52 118.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 553.01 118.10 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 104.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 95.69 104.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 141.89 104.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 177.59 104.60 Td (related ) Tj ET Q q 0 0 0 rg BT 207.29 104.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.97 104.60 Td (our ) Tj ET Q q 0 0 0 rg BT 232.16 104.60 Td (IP) Tj ET Q q 0 0 0 rg BT 240.50 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.68 104.60 Td (business ) Tj ET Q q 0 0 0 rg BT 280.38 104.60 Td (process ) Tj ET Q q 0 0 0 rg BT 314.08 104.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 351.77 104.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 379.95 104.60 Td (due ) Tj ET Q q 0 0 0 rg BT 397.15 104.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.84 104.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.53 104.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 450.22 104.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.90 104.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.60 104.60 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 518.29 104.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.48 104.60 Td (certain ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 91.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 123.02 91.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.54 91.10 Td (client ) Tj ET Q q 0 0 0 rg BT 159.05 91.10 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 71.60 Td (For ) Tj ET Q q 0 0 0 rg BT 88.63 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.27 71.60 Td (three ) Tj ET Q q 0 0 0 rg BT 127.92 71.60 Td (months ) Tj ET Q q 0 0 0 rg BT 160.57 71.60 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.72 71.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 250.89 71.60 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.91 71.60 Td (, ) Tj ET Q q 0 0 0 rg BT 276.55 71.60 Td (84% ) Tj ET Q q 0 0 0 rg BT 297.69 71.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.33 71.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 348.48 71.60 Td (within ) Tj ET Q q 0 0 0 rg BT 374.63 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.27 71.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 410.90 71.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 444.55 71.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 482.20 71.60 Td (were ) Tj ET Q q 0 0 0 rg BT 504.84 71.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 535.49 71.60 Td (civilian ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 58.10 Td (based.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (41) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 716.65 Td (5.4.5. ) Tj ET Q q 0 0 0 rg BT 98.52 716.65 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 119.02 716.65 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 716.65 Td (Australia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 700.15 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.17 700.15 Td (in ) Tj ET Q q 0 0 0 rg BT 119.32 700.15 Td (our ) Tj ET Q q 0 0 0 rg BT 134.47 700.15 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 154.12 700.15 Td (and ) Tj ET Q q 0 0 0 rg BT 170.85 700.15 Td (Australia ) Tj ET Q q 0 0 0 rg BT 208.01 700.15 Td (segment ) Tj ET Q q 0 0 0 rg BT 244.68 700.15 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.82 700.15 Td ($347.5 ) Tj ET Q q 0 0 0 rg BT 292.50 700.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.00 700.15 Td ( ) Tj ET Q q 0 0 0 rg BT 320.15 700.15 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.29 700.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.30 700.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.44 700.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.47 700.15 Td (, ) Tj ET Q q 0 0 0 rg BT 368.11 700.15 Td (an ) Tj ET Q q 0 0 0 rg BT 380.27 700.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 416.43 700.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.08 700.15 Td ($9.5 ) Tj ET Q q 0 0 0 rg BT 445.74 700.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.24 700.15 Td ( ) Tj ET Q q 0 0 0 rg BT 473.39 700.15 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.53 700.15 Td (2.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.05 700.15 Td ( ) Tj ET Q q 0 0 0 rg BT 506.19 700.15 Td (over ) Tj ET Q q 0 0 0 rg BT 525.84 700.15 Td (the ) Tj ET Q q 0 0 0 rg BT 540.50 700.15 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 686.65 Td (period ) Tj ET Q q 0 0 0 rg BT 99.79 686.65 Td (last ) Tj ET Q q 0 0 0 rg BT 116.57 686.65 Td (year) Tj ET Q q 0 0 0 rg BT 133.58 686.65 Td (. ) Tj ET Q q 0 0 0 rg BT 138.85 686.65 Td (On ) Tj ET Q q 0 0 0 rg BT 153.63 686.65 Td (a ) Tj ET Q q 0 0 0 rg BT 161.40 686.65 Td (constant ) Tj ET Q q 0 0 0 rg BT 198.20 686.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 235.48 686.65 Td (basis, ) Tj ET Q q 0 0 0 rg BT 261.76 686.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.06 686.65 Td (decreased ) Tj ET Q q 0 0 0 rg BT 341.86 686.65 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.13 686.65 Td ($9.6 ) Tj ET Q q 0 0 0 rg BT 374.42 686.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.93 686.65 Td ( ) Tj ET Q q 0 0 0 rg BT 402.70 686.65 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.47 686.65 Td (2.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.99 686.65 Td (. ) Tj ET Q q 0 0 0 rg BT 439.08 686.65 Td (The ) Tj ET Q q 0 0 0 rg BT 457.36 686.65 Td (change ) Tj ET Q q 0 0 0 rg BT 489.66 686.65 Td (was ) Tj ET Q q 0 0 0 rg BT 508.43 686.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 537.21 686.65 Td (due ) Tj ET Q q 0 0 0 rg BT 555.00 686.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 87.05 673.15 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 139.12 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 149.17 673.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.73 673.15 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 233.79 673.15 Td (contracts ) Tj ET Q q 0 0 0 rg BT 272.84 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 290.40 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 305.45 673.15 Td (successful ) Tj ET Q q 0 0 0 rg BT 350.01 673.15 Td (completion ) Tj ET Q q 0 0 0 rg BT 396.07 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 406.12 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 421.17 673.15 Td (build ) Tj ET Q q 0 0 0 rg BT 442.73 673.15 Td (phase ) Tj ET Q q 0 0 0 rg BT 469.79 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 479.84 673.15 Td (a ) Tj ET Q q 0 0 0 rg BT 487.38 673.15 Td (large ) Tj ET Q q 0 0 0 rg BT 509.94 673.15 Td (project ) Tj ET Q q 0 0 0 rg BT 539.49 673.15 Td (within ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 659.65 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 659.65 Td (communications ) Tj ET Q q 0 0 0 rg BT 154.54 659.65 Td (and ) Tj ET Q q 0 0 0 rg BT 172.05 659.65 Td (utilities ) Tj ET Q q 0 0 0 rg BT 202.06 659.65 Td (vertical ) Tj ET Q q 0 0 0 rg BT 233.07 659.65 Td (market. ) Tj ET Q q 0 0 0 rg BT 265.42 659.65 Td (This ) Tj ET Q q 0 0 0 rg BT 284.92 659.65 Td (was ) Tj ET Q q 0 0 0 rg BT 303.42 659.65 Td (partly ) Tj ET Q q 0 0 0 rg BT 327.93 659.65 Td (of) Tj ET Q q 0 0 0 rg BT 335.28 659.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 352.28 659.65 Td (by ) Tj ET Q q 0 0 0 rg BT 364.29 659.65 Td (the ) Tj ET Q q 0 0 0 rg BT 379.30 659.65 Td (SCISYS ) Tj ET Q q 0 0 0 rg BT 414.81 659.65 Td (acquisition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 640.15 Td (On ) Tj ET Q q 0 0 0 rg BT 85.93 640.15 Td (a ) Tj ET Q q 0 0 0 rg BT 92.86 640.15 Td (client ) Tj ET Q q 0 0 0 rg BT 115.80 640.15 Td (geographic ) Tj ET Q q 0 0 0 rg BT 162.26 640.15 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.69 640.15 Td (the ) Tj ET Q q 0 0 0 rg BT 202.13 640.15 Td (top ) Tj ET Q q 0 0 0 rg BT 216.57 640.15 Td (two ) Tj ET Q q 0 0 0 rg BT 232.50 640.15 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 251.93 640.15 Td (and ) Tj ET Q q 0 0 0 rg BT 268.48 640.15 Td (Australia ) Tj ET Q q 0 0 0 rg BT 305.43 640.15 Td (vertical ) Tj ET Q q 0 0 0 rg BT 335.86 640.15 Td (markets ) Tj ET Q q 0 0 0 rg BT 369.79 640.15 Td (were ) Tj ET Q q 0 0 0 rg BT 391.22 640.15 Td (government ) Tj ET Q q 0 0 0 rg BT 440.67 640.15 Td (and ) Tj ET Q q 0 0 0 rg BT 457.61 640.15 Td (communications ) Tj ET Q q 0 0 0 rg BT 524.57 640.15 Td (& ) Tj ET Q q 0 0 0 rg BT 532.49 640.15 Td (utilities, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 626.65 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 626.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 158.56 626.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 626.65 Td (of ) Tj ET Q q 0 0 0 rg BT 208.09 626.65 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.62 626.65 Td ($285 ) Tj ET Q q 0 0 0 rg BT 289.14 626.65 Td (million ) Tj ET Q q 0 0 0 rg BT 317.14 626.65 Td (for ) Tj ET Q q 0 0 0 rg BT 330.15 626.65 Td (the ) Tj ET Q q 0 0 0 rg BT 345.16 626.65 Td (three ) Tj ET Q q 0 0 0 rg BT 368.17 626.65 Td (months ) Tj ET Q q 0 0 0 rg BT 400.19 626.65 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.72 626.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 489.25 626.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.27 626.65 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 600.85 Td (5.4.6. ) Tj ET Q q 0 0 0 rg BT 98.52 600.85 Td (Central ) Tj ET Q q 0 0 0 rg BT 132.03 600.85 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 600.85 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 186.04 600.85 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 584.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.89 584.35 Td (in ) Tj ET Q q 0 0 0 rg BT 120.75 584.35 Td (our ) Tj ET Q q 0 0 0 rg BT 136.62 584.35 Td (Central ) Tj ET Q q 0 0 0 rg BT 168.50 584.35 Td (and ) Tj ET Q q 0 0 0 rg BT 186.38 584.35 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 220.26 584.35 Td (Europe ) Tj ET Q q 0 0 0 rg BT 252.14 584.35 Td (segment ) Tj ET Q q 0 0 0 rg BT 289.52 584.35 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.39 584.35 Td ($306.8 ) Tj ET Q q 0 0 0 rg BT 338.78 584.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.28 584.35 Td ( ) Tj ET Q q 0 0 0 rg BT 367.14 584.35 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.01 584.35 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.02 584.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.88 584.35 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.90 584.35 Td (, ) Tj ET Q q 0 0 0 rg BT 417.26 584.35 Td (an ) Tj ET Q q 0 0 0 rg BT 430.13 584.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.01 584.35 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.38 584.35 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 502.77 584.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.27 584.35 Td ( ) Tj ET Q q 0 0 0 rg BT 531.13 584.35 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.00 584.35 Td (4.7%) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 570.85 Td (over ) Tj ET Q q 0 0 0 rg BT 92.56 570.85 Td (the ) Tj ET Q q 0 0 0 rg BT 108.11 570.85 Td (same ) Tj ET Q q 0 0 0 rg BT 133.17 570.85 Td (period ) Tj ET Q q 0 0 0 rg BT 161.23 570.85 Td (last ) Tj ET Q q 0 0 0 rg BT 178.29 570.85 Td (year) Tj ET Q q 0 0 0 rg BT 195.30 570.85 Td (. ) Tj ET Q q 0 0 0 rg BT 200.85 570.85 Td (On ) Tj ET Q q 0 0 0 rg BT 215.90 570.85 Td (a ) Tj ET Q q 0 0 0 rg BT 223.95 570.85 Td (constant ) Tj ET Q q 0 0 0 rg BT 261.02 570.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 298.58 570.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 325.14 570.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 360.71 570.85 Td (decreased ) Tj ET Q q 0 0 0 rg BT 405.79 570.85 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.34 570.85 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 438.90 570.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.41 570.85 Td ( ) Tj ET Q q 0 0 0 rg BT 467.46 570.85 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.51 570.85 Td (1.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.02 570.85 Td (. ) Tj ET Q q 0 0 0 rg BT 504.37 570.85 Td (The ) Tj ET Q q 0 0 0 rg BT 522.92 570.85 Td (change ) Tj ET Q q 0 0 0 rg BT 555.50 570.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 557.35 Td (revenue ) Tj ET Q q 0 0 0 rg BT 106.94 557.35 Td (was ) Tj ET Q q 0 0 0 rg BT 125.36 557.35 Td (mainly ) Tj ET Q q 0 0 0 rg BT 153.78 557.35 Td (due ) Tj ET Q q 0 0 0 rg BT 171.21 557.35 Td (to ) Tj ET Q q 0 0 0 rg BT 181.13 557.35 Td (the ) Tj ET Q q 0 0 0 rg BT 196.06 557.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 224.98 557.35 Td (of ) Tj ET Q q 0 0 0 rg BT 234.90 557.35 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 281.33 557.35 Td (mainly ) Tj ET Q q 0 0 0 rg BT 309.75 557.35 Td (within ) Tj ET Q q 0 0 0 rg BT 335.18 557.35 Td (the ) Tj ET Q q 0 0 0 rg BT 350.10 557.35 Td (MRD ) Tj ET Q q 0 0 0 rg BT 373.01 557.35 Td (vertical ) Tj ET Q q 0 0 0 rg BT 403.94 557.35 Td (market, ) Tj ET Q q 0 0 0 rg BT 436.36 557.35 Td (and ) Tj ET Q q 0 0 0 rg BT 453.79 557.35 Td (a ) Tj ET Q q 0 0 0 rg BT 461.21 557.35 Td (higher ) Tj ET Q q 0 0 0 rg BT 488.64 557.35 Td (proportion ) Tj ET Q q 0 0 0 rg BT 531.58 557.35 Td (of ) Tj ET Q q 0 0 0 rg BT 541.50 557.35 Td (client ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 543.85 Td (projects ) Tj ET Q q 0 0 0 rg BT 107.27 543.85 Td (transferred ) Tj ET Q q 0 0 0 rg BT 154.56 543.85 Td (to ) Tj ET Q q 0 0 0 rg BT 165.82 543.85 Td (our ) Tj ET Q q 0 0 0 rg BT 182.59 543.85 Td (global ) Tj ET Q q 0 0 0 rg BT 210.38 543.85 Td (delivery ) Tj ET Q q 0 0 0 rg BT 245.15 543.85 Td (centers ) Tj ET Q q 0 0 0 rg BT 278.42 543.85 Td (of ) Tj ET Q q 0 0 0 rg BT 289.69 543.85 Td (excellence ) Tj ET Q q 0 0 0 rg BT 335.98 543.85 Td (in ) Tj ET Q q 0 0 0 rg BT 346.00 543.85 Td (Asia-Pacific. ) Tj ET Q q 0 0 0 rg BT 399.03 543.85 Td (This ) Tj ET Q q 0 0 0 rg BT 419.79 543.85 Td (was ) Tj ET Q q 0 0 0 rg BT 439.56 543.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 474.33 543.85 Td (of) Tj ET Q q 0 0 0 rg BT 481.68 543.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 499.95 543.85 Td (by ) Tj ET Q q 0 0 0 rg BT 513.21 543.85 Td (the ) Tj ET Q q 0 0 0 rg BT 529.49 543.85 Td (SCISYS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 530.35 Td (acquisition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 510.85 Td (On ) Tj ET Q q 0 0 0 rg BT 85.85 510.85 Td (a ) Tj ET Q q 0 0 0 rg BT 92.71 510.85 Td (client ) Tj ET Q q 0 0 0 rg BT 115.56 510.85 Td (geographic ) Tj ET Q q 0 0 0 rg BT 161.94 510.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.30 510.85 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 510.85 Td (top ) Tj ET Q q 0 0 0 rg BT 216.02 510.85 Td (two ) Tj ET Q q 0 0 0 rg BT 231.87 510.85 Td (Central ) Tj ET Q q 0 0 0 rg BT 262.73 510.85 Td (and ) Tj ET Q q 0 0 0 rg BT 279.59 510.85 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 312.46 510.85 Td (Europe ) Tj ET Q q 0 0 0 rg BT 343.33 510.85 Td (vertical ) Tj ET Q q 0 0 0 rg BT 373.68 510.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 407.53 510.85 Td (were ) Tj ET Q q 0 0 0 rg BT 428.89 510.85 Td (MRD ) Tj ET Q q 0 0 0 rg BT 451.23 510.85 Td (and ) Tj ET Q q 0 0 0 rg BT 468.10 510.85 Td (government, ) Tj ET Q q 0 0 0 rg BT 519.97 510.85 Td (generating ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 497.35 Td (combined ) Tj ET Q q 0 0 0 rg BT 113.52 497.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 153.05 497.35 Td (of ) Tj ET Q q 0 0 0 rg BT 163.05 497.35 Td (approximately ) Tj ET Q q 0 0 0 rg BT 221.58 497.35 Td ($202 ) Tj ET Q q 0 0 0 rg BT 244.10 497.35 Td (million ) Tj ET Q q 0 0 0 rg BT 272.11 497.35 Td (for ) Tj ET Q q 0 0 0 rg BT 285.11 497.35 Td (the ) Tj ET Q q 0 0 0 rg BT 300.12 497.35 Td (three ) Tj ET Q q 0 0 0 rg BT 323.14 497.35 Td (months ) Tj ET Q q 0 0 0 rg BT 355.15 497.35 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.68 497.35 Td (September30, ) Tj ET Q q 0 0 0 rg BT 444.22 497.35 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.24 497.35 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 471.55 Td (5.4.7. ) Tj ET Q q 0 0 0 rg BT 98.52 471.55 Td (Scandinavia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 455.05 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 111.04 455.05 Td (in ) Tj ET Q q 0 0 0 rg BT 121.06 455.05 Td (our ) Tj ET Q q 0 0 0 rg BT 137.08 455.05 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 189.12 455.05 Td (segment ) Tj ET Q q 0 0 0 rg BT 226.65 455.05 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.67 455.05 Td ($234.2 ) Tj ET Q q 0 0 0 rg BT 276.21 455.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.72 455.05 Td (, ) Tj ET Q q 0 0 0 rg BT 307.23 455.05 Td (a ) Tj ET Q q 0 0 0 rg BT 315.25 455.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 355.28 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 365.80 455.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.81 455.05 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 391.33 455.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.84 455.05 Td ( ) Tj ET Q q 0 0 0 rg BT 419.85 455.05 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.87 455.05 Td (10.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.39 455.05 Td ( ) Tj ET Q q 0 0 0 rg BT 459.40 455.05 Td (over ) Tj ET Q q 0 0 0 rg BT 479.92 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 495.44 455.05 Td (same ) Tj ET Q q 0 0 0 rg BT 520.46 455.05 Td (period ) Tj ET Q q 0 0 0 rg BT 548.49 455.05 Td (last ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 441.55 Td (year) Tj ET Q q 0 0 0 rg BT 89.01 441.55 Td (. ) Tj ET Q q 0 0 0 rg BT 94.01 441.55 Td (On ) Tj ET Q q 0 0 0 rg BT 108.51 441.55 Td (a ) Tj ET Q q 0 0 0 rg BT 116.01 441.55 Td (constant ) Tj ET Q q 0 0 0 rg BT 152.53 441.55 Td (currency ) Tj ET Q q 0 0 0 rg BT 189.53 441.55 Td (basis, ) Tj ET Q q 0 0 0 rg BT 215.54 441.55 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.56 441.55 Td (decreased ) Tj ET Q q 0 0 0 rg BT 295.08 441.55 Td (by ) Tj ET Q q 0 0 0 rg BT 307.09 441.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.09 441.55 Td (41.8 ) Tj ET Q q 0 0 0 rg BT 332.10 441.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.61 441.55 Td ( ) Tj ET Q q 0 0 0 rg BT 360.10 441.55 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.60 441.55 Td (16.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.12 441.55 Td (. ) Tj ET Q q 0 0 0 rg BT 400.96 441.55 Td (The ) Tj ET Q q 0 0 0 rg BT 418.96 441.55 Td (decrease ) Tj ET Q q 0 0 0 rg BT 458.48 441.55 Td (was ) Tj ET Q q 0 0 0 rg BT 476.98 441.55 Td (mainly ) Tj ET Q q 0 0 0 rg BT 505.48 441.55 Td (the ) Tj ET Q q 0 0 0 rg BT 520.49 441.55 Td (result ) Tj ET Q q 0 0 0 rg BT 544.99 441.55 Td (of ) Tj ET Q q 0 0 0 rg BT 554.99 441.55 Td ( ) Tj ET Q q 0 0 0 rg BT 557.49 441.55 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 428.05 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 113.51 428.05 Td (of ) Tj ET Q q 0 0 0 rg BT 123.01 428.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 159.51 428.05 Td (primarely ) Tj ET Q q 0 0 0 rg BT 198.50 428.05 Td (within ) Tj ET Q q 0 0 0 rg BT 223.50 428.05 Td (the ) Tj ET Q q 0 0 0 rg BT 238.00 428.05 Td (MRD ) Tj ET Q q 0 0 0 rg BT 260.49 428.05 Td (vertical ) Tj ET Q q 0 0 0 rg BT 290.99 428.05 Td (market ) Tj ET Q q 0 0 0 rg BT 320.48 428.05 Td (related ) Tj ET Q q 0 0 0 rg BT 349.99 428.05 Td (to ) Tj ET Q q 0 0 0 rg BT 359.49 428.05 Td (the ) Tj ET Q q 0 0 0 rg BT 373.99 428.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 402.49 428.05 Td (of ) Tj ET Q q 0 0 0 rg BT 411.98 428.05 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 457.99 428.05 Td (as ) Tj ET Q q 0 0 0 rg BT 469.48 428.05 Td (well ) Tj ET Q q 0 0 0 rg BT 486.98 428.05 Td (as ) Tj ET Q q 0 0 0 rg BT 498.47 428.05 Td (the ) Tj ET Q q 0 0 0 rg BT 512.97 428.05 Td (non-renewal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 414.55 Td (of ) Tj ET Q q 0 0 0 rg BT 82.01 414.55 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 137.03 414.55 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 395.05 Td (On ) Tj ET Q q 0 0 0 rg BT 87.08 395.05 Td (a ) Tj ET Q q 0 0 0 rg BT 95.17 395.05 Td (client ) Tj ET Q q 0 0 0 rg BT 119.26 395.05 Td (geographic ) Tj ET Q q 0 0 0 rg BT 166.87 395.05 Td (basis, ) Tj ET Q q 0 0 0 rg BT 193.46 395.05 Td (the ) Tj ET Q q 0 0 0 rg BT 209.05 395.05 Td (top ) Tj ET Q q 0 0 0 rg BT 224.64 395.05 Td (two ) Tj ET Q q 0 0 0 rg BT 241.72 395.05 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 293.83 395.05 Td (vertical ) Tj ET Q q 0 0 0 rg BT 325.42 395.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 360.50 395.05 Td (were ) Tj ET Q q 0 0 0 rg BT 383.09 395.05 Td (MRD ) Tj ET Q q 0 0 0 rg BT 406.66 395.05 Td (and ) Tj ET Q q 0 0 0 rg BT 424.75 395.05 Td (government, ) Tj ET Q q 0 0 0 rg BT 477.86 395.05 Td (generating ) Tj ET Q q 0 0 0 rg BT 523.47 395.05 Td (combined ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 381.55 Td (revenues ) Tj ET Q q 0 0 0 rg BT 111.52 381.55 Td (of ) Tj ET Q q 0 0 0 rg BT 121.53 381.55 Td (approximately ) Tj ET Q q 0 0 0 rg BT 180.06 381.55 Td ($180 ) Tj ET Q q 0 0 0 rg BT 202.58 381.55 Td (million ) Tj ET Q q 0 0 0 rg BT 230.59 381.55 Td (for ) Tj ET Q q 0 0 0 rg BT 243.59 381.55 Td (the ) Tj ET Q q 0 0 0 rg BT 258.60 381.55 Td (three ) Tj ET Q q 0 0 0 rg BT 281.61 381.55 Td (months ) Tj ET Q q 0 0 0 rg BT 313.63 381.55 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.16 381.55 Td (September30, ) Tj ET Q q 0 0 0 rg BT 402.69 381.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.71 381.55 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 353.05 Td (5.4.8. ) Tj ET Q q 0 0 0 rg BT 99.02 353.05 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 136.02 353.05 Td (Poland ) Tj ET Q q 0 0 0 rg BT 168.52 353.05 Td (and ) Tj ET Q q 0 0 0 rg BT 187.02 353.05 Td (Baltics ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 333.55 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 111.06 333.55 Td (in ) Tj ET Q q 0 0 0 rg BT 120.61 333.55 Td (our ) Tj ET Q q 0 0 0 rg BT 136.15 333.55 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 170.71 333.55 Td (Poland ) Tj ET Q q 0 0 0 rg BT 201.27 333.55 Td (and ) Tj ET Q q 0 0 0 rg BT 218.82 333.55 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 247.87 333.55 Td (segment ) Tj ET Q q 0 0 0 rg BT 284.92 333.55 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.46 333.55 Td ($178.4 ) Tj ET Q q 0 0 0 rg BT 333.53 333.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.03 333.55 Td (, ) Tj ET Q q 0 0 0 rg BT 364.07 333.55 Td (an ) Tj ET Q q 0 0 0 rg BT 376.62 333.55 Td (increase ) Tj ET Q q 0 0 0 rg BT 413.17 333.55 Td (of ) Tj ET Q q 0 0 0 rg BT 423.22 333.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.22 333.55 Td (2.1 ) Tj ET Q q 0 0 0 rg BT 443.27 333.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.78 333.55 Td ( ) Tj ET Q q 0 0 0 rg BT 471.31 333.55 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.85 333.55 Td (1.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.37 333.55 Td ( ) Tj ET Q q 0 0 0 rg BT 504.90 333.55 Td (over ) Tj ET Q q 0 0 0 rg BT 524.95 333.55 Td (the ) Tj ET Q q 0 0 0 rg BT 540.00 333.55 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 320.05 Td (period ) Tj ET Q q 0 0 0 rg BT 99.71 320.05 Td (last ) Tj ET Q q 0 0 0 rg BT 115.90 320.05 Td (year) Tj ET Q q 0 0 0 rg BT 132.91 320.05 Td (. ) Tj ET Q q 0 0 0 rg BT 137.60 320.05 Td (On ) Tj ET Q q 0 0 0 rg BT 151.79 320.05 Td (a ) Tj ET Q q 0 0 0 rg BT 158.99 320.05 Td (constant ) Tj ET Q q 0 0 0 rg BT 195.20 320.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 231.90 320.05 Td (basis, ) Tj ET Q q 0 0 0 rg BT 257.59 320.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.31 320.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 336.52 320.05 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.22 320.05 Td ($8.4 ) Tj ET Q q 0 0 0 rg BT 367.92 320.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.43 320.05 Td ( ) Tj ET Q q 0 0 0 rg BT 395.61 320.05 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.81 320.05 Td (4.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.32 320.05 Td ( ) Tj ET Q q 0 0 0 rg BT 428.51 320.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 456.70 320.05 Td (due ) Tj ET Q q 0 0 0 rg BT 473.91 320.05 Td (to ) Tj ET Q q 0 0 0 rg BT 483.60 320.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 507.29 320.05 Td (work ) Tj ET Q q 0 0 0 rg BT 528.48 320.05 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 306.55 Td (in ) Tj ET Q q 0 0 0 rg BT 82.01 306.55 Td (the ) Tj ET Q q 0 0 0 rg BT 97.02 306.55 Td (government ) Tj ET Q q 0 0 0 rg BT 147.04 306.55 Td (vertical ) Tj ET Q q 0 0 0 rg BT 178.05 306.55 Td (market, ) Tj ET Q q 0 0 0 rg BT 210.56 306.55 Td (projects ) Tj ET Q q 0 0 0 rg BT 244.57 306.55 Td (completed ) Tj ET Q q 0 0 0 rg BT 288.60 306.55 Td (in ) Tj ET Q q 0 0 0 rg BT 298.10 306.55 Td (the ) Tj ET Q q 0 0 0 rg BT 313.11 306.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.63 306.55 Td (services ) Tj ET Q q 0 0 0 rg BT 384.14 306.55 Td (vertical ) Tj ET Q q 0 0 0 rg BT 415.15 306.55 Td (market ) Tj ET Q q 0 0 0 rg BT 445.16 306.55 Td (and ) Tj ET Q q 0 0 0 rg BT 462.67 306.55 Td (the ) Tj ET Q q 0 0 0 rg BT 477.68 306.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.69 306.55 Td (of ) Tj ET Q q 0 0 0 rg BT 516.70 306.55 Td (COVID-19.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 287.05 Td (On ) Tj ET Q q 0 0 0 rg BT 86.27 287.05 Td (a ) Tj ET Q q 0 0 0 rg BT 93.04 287.05 Td (client ) Tj ET Q q 0 0 0 rg BT 115.81 287.05 Td (geographic ) Tj ET Q q 0 0 0 rg BT 162.11 287.05 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.39 287.05 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 287.05 Td (top ) Tj ET Q q 0 0 0 rg BT 215.94 287.05 Td (two ) Tj ET Q q 0 0 0 rg BT 231.71 287.05 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 265.49 287.05 Td (Poland ) Tj ET Q q 0 0 0 rg BT 295.28 287.05 Td (and ) Tj ET Q q 0 0 0 rg BT 312.06 287.05 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 340.33 287.05 Td (vertical ) Tj ET Q q 0 0 0 rg BT 370.60 287.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 404.37 287.05 Td (were ) Tj ET Q q 0 0 0 rg BT 425.64 287.05 Td (government ) Tj ET Q q 0 0 0 rg BT 474.93 287.05 Td (and ) Tj ET Q q 0 0 0 rg BT 491.71 287.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 526.50 287.05 Td (services, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 273.55 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.54 273.55 Td (combined ) Tj ET Q q 0 0 0 rg BT 159.06 273.55 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.58 273.55 Td (of ) Tj ET Q q 0 0 0 rg BT 208.59 273.55 Td (approximately ) Tj ET Q q 0 0 0 rg BT 267.12 273.55 Td ($109 ) Tj ET Q q 0 0 0 rg BT 289.64 273.55 Td (million ) Tj ET Q q 0 0 0 rg BT 317.64 273.55 Td (for ) Tj ET Q q 0 0 0 rg BT 330.65 273.55 Td (the ) Tj ET Q q 0 0 0 rg BT 345.66 273.55 Td (three ) Tj ET Q q 0 0 0 rg BT 368.67 273.55 Td (months ) Tj ET Q q 0 0 0 rg BT 400.69 273.55 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.22 273.55 Td (September30, ) Tj ET Q q 0 0 0 rg BT 489.75 273.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.77 273.55 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 247.75 Td (5.4.9. ) Tj ET Q q 0 0 0 rg BT 98.68 247.75 Td (Asia ) Tj ET Q q 0 0 0 rg BT 120.20 247.75 Td (Pacific) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 231.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 110.68 231.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.83 231.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.57 231.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 154.23 231.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 182.88 231.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 219.55 231.25 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.71 231.25 Td ($171.6 ) Tj ET Q q 0 0 0 rg BT 267.39 231.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.90 231.25 Td (, ) Tj ET Q q 0 0 0 rg BT 297.55 231.25 Td (an ) Tj ET Q q 0 0 0 rg BT 309.71 231.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 345.88 231.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.54 231.25 Td ($15.2 ) Tj ET Q q 0 0 0 rg BT 380.21 231.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.72 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.87 231.25 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.02 231.25 Td (9.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.53 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 440.69 231.25 Td (over ) Tj ET Q q 0 0 0 rg BT 460.34 231.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.01 231.25 Td (same ) Tj ET Q q 0 0 0 rg BT 499.17 231.25 Td (period ) Tj ET Q q 0 0 0 rg BT 526.34 231.25 Td (last ) Tj ET Q q 0 0 0 rg BT 542.49 231.25 Td (year) Tj ET Q q 0 0 0 rg BT 559.50 231.25 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 217.75 Td (On ) Tj ET Q q 0 0 0 rg BT 86.53 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 93.55 217.75 Td (constant ) Tj ET Q q 0 0 0 rg BT 129.60 217.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 166.13 217.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 191.66 217.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 226.20 217.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 267.25 217.75 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.77 217.75 Td ($21.1 ) Tj ET Q q 0 0 0 rg BT 303.31 217.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.82 217.75 Td ( ) Tj ET Q q 0 0 0 rg BT 330.84 217.75 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.86 217.75 Td (13.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.38 217.75 Td (. ) Tj ET Q q 0 0 0 rg BT 370.77 217.75 Td (The ) Tj ET Q q 0 0 0 rg BT 388.30 217.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.34 217.75 Td (was ) Tj ET Q q 0 0 0 rg BT 442.36 217.75 Td (mainly ) Tj ET Q q 0 0 0 rg BT 470.39 217.75 Td (driven ) Tj ET Q q 0 0 0 rg BT 496.93 217.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.45 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 522.98 217.75 Td (continued ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 204.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 107.55 204.25 Td (for ) Tj ET Q q 0 0 0 rg BT 120.59 204.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.12 204.25 Td (of) Tj ET Q q 0 0 0 rg BT 143.47 204.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 171.01 204.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 204.55 204.25 Td (centers, ) Tj ET Q q 0 0 0 rg BT 239.10 204.25 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 298.16 204.25 Td (within ) Tj ET Q q 0 0 0 rg BT 323.70 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.74 204.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.29 204.25 Td (services ) Tj ET Q q 0 0 0 rg BT 409.83 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.37 204.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 494.93 204.25 Td (& ) Tj ET Q q 0 0 0 rg BT 503.46 204.25 Td (utilities ) Tj ET Q q 0 0 0 rg BT 533.50 204.25 Td (vertical ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 190.75 Td (markets.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (42) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.5. ) Tj ET Q q 0 0 0 rg BT 90.68 742.45 Td (ADJUSTED EBIT BY) Tj ET Q q 0 0 0 rg BT 177.03 742.45 Td ( SEGMENT) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 731.95 257.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.50 731.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.50 731.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.50 731.95 116.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 329.50 718.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 387.50 718.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 445.50 718.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 503.50 718.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 705.95 58.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 695.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 691.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 678.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 665.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 661.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 648.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 635.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 631.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 618.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 605.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 601.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 588.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 575.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 571.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 558.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 545.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 541.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 528.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 515.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 511.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 498.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 485.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 481.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 468.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 455.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 451.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 329.50 438.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 425.95 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.50 425.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.50 425.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.50 425.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.50 425.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 412.95 257.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 329.50 412.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 387.50 412.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 445.50 412.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 503.50 412.95 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 731.95 m 329.5 731.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.5 731.95 m 387.5 731.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.5 731.95 m 445.5 731.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 731.95 m 503.5 731.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 731.95 m 561.5 731.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 399.95 m 329.5 399.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.5 399.95 m 387.5 399.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387.5 399.95 m 445.5 399.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 399.95 m 503.5 399.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 399.95 m 561.5 399.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 710.18 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 496.00 723.18 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 360.20 710.18 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 418.20 710.18 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 478.00 710.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 536.00 710.18 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 698.35 Td (In thousands of CAD except for percentages) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 683.43 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 683.43 Td (estern and Southern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 683.18 Td (59,742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 683.18 Td (74,832) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.50 683.18 Td (\(15,090) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.65 683.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 683.18 Td (\(20.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 683.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 670.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 670.23 Td (13.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 670.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 670.23 Td (15.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 670.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 653.63 Td (U.S. Commercial and State Government) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 653.18 Td (66,474) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 653.18 Td (68,161) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.95 653.18 Td (\(1,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.65 653.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 653.18 Td (\(2.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 653.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 640.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 640.23 Td (14.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 640.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 640.23 Td (15.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 640.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 623.43 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 623.18 Td (85,602) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 623.18 Td (98,107) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.50 623.18 Td (\(12,505) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.65 623.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 623.18 Td (\(12.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 623.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 610.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 610.23 Td (21.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 610.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 610.23 Td (22.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 610.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 593.63 Td (U.S. Federal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 593.18 Td (58,073) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 593.18 Td (59,490) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.95 593.18 Td (\(1,417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.65 593.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 593.18 Td (\(2.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 593.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 580.13 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 580.23 Td (13.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 580.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 580.23 Td (14.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 580.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 563.43 Td (U.K. and ) Tj ET Q q 0 0 0 rg BT 109.52 563.43 Td (Australia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 563.18 Td (55,749) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 563.18 Td (44,230) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.15 563.18 Td (1) Tj ET Q q 0 0 0 rg BT 474.60 563.18 Td (1,519) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 563.23 Td (26.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 563.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 550.13 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 550.23 Td (16.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 550.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 550.23 Td (13.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 550.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 533.43 Td (Central and Eastern Europe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 533.18 Td (38,223) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 533.18 Td (30,494) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.55 533.18 Td (7,729) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 533.23 Td (25.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 533.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 520.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 520.23 Td (12.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 520.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 520.23 Td (10.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 520.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 503.43 Td (Scandinavia) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.80 503.23 Td (7,805) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 503.18 Td (1) Tj ET Q q 0 0 0 rg BT 417.75 503.18 Td (1,835) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.95 503.18 Td (\(4,030) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.65 503.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 503.18 Td (\(34.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 503.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 490.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.70 490.18 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 490.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.70 490.18 Td (4.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 490.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 473.43 Td (Finland, Poland and Baltics) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 473.18 Td (32,931) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 473.18 Td (32,072) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 473.23 Td (859) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 473.18 Td (2.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 473.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 460.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 460.23 Td (18.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 460.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 460.23 Td (18.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 460.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 443.43 Td (Asia Pacific) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 443.18 Td (52,964) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 443.18 Td (38,236) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.15 443.18 Td (14,728) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 443.23 Td (38.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 443.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 430.38 Td (As a percentage of segment revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 430.23 Td (30.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 430.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 430.23 Td (24.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 430.18 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 417.63 Td (Adjusted EBIT) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.90 417.18 Td (457,563) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.90 417.18 Td (457,457) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 417.23 Td (106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.20 417.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 417.18 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 404.63 Td (Adjusted EBIT margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 404.23 Td (15.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.85 404.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 404.23 Td (15.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.85 404.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 380.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 108.73 380.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 128.58 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 130.28 380.95 Td (for ) Tj ET Q q 0 0 0 rg BT 142.50 380.95 Td (the ) Tj ET Q q 0 0 0 rg BT 156.72 380.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 186.94 380.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 204.66 380.95 Td ($457.6 ) Tj ET Q q 0 0 0 rg BT 233.89 380.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.40 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 261.11 380.95 Td (a ) Tj ET Q q 0 0 0 rg BT 267.82 380.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 306.56 380.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.77 380.95 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 335.00 380.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.51 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 362.21 380.95 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.92 380.95 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.93 380.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.64 380.95 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.66 380.95 Td (. ) Tj ET Q q 0 0 0 rg BT 419.76 380.95 Td (The ) Tj ET Q q 0 0 0 rg BT 436.98 380.95 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 472.71 380.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 492.56 380.95 Td ( ) Tj ET Q q 0 0 0 rg BT 494.26 380.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 523.48 380.95 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 367.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 81.91 367.45 Td (15.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.43 367.45 Td ( ) Tj ET Q q 0 0 0 rg BT 109.84 367.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 130.25 367.45 Td (15.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 155.77 367.45 Td ( ) Tj ET Q q 0 0 0 rg BT 158.18 367.45 Td (for ) Tj ET Q q 0 0 0 rg BT 171.09 367.45 Td (the ) Tj ET Q q 0 0 0 rg BT 186.01 367.45 Td (same ) Tj ET Q q 0 0 0 rg BT 210.43 367.45 Td (period ) Tj ET Q q 0 0 0 rg BT 237.85 367.45 Td (last ) Tj ET Q q 0 0 0 rg BT 254.27 367.45 Td (year) Tj ET Q q 0 0 0 rg BT 271.28 367.45 Td (, ) Tj ET Q q 0 0 0 rg BT 276.19 367.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 304.60 367.45 Td (due ) Tj ET Q q 0 0 0 rg BT 322.03 367.45 Td (to ) Tj ET Q q 0 0 0 rg BT 331.94 367.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 355.86 367.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 409.29 367.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 450.22 367.45 Td (due ) Tj ET Q q 0 0 0 rg BT 467.65 367.45 Td (to ) Tj ET Q q 0 0 0 rg BT 477.56 367.45 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 523.98 367.45 Td (synergies ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 353.95 Td (achieved ) Tj ET Q q 0 0 0 rg BT 109.87 353.95 Td (through ) Tj ET Q q 0 0 0 rg BT 142.23 353.95 Td (the ) Tj ET Q q 0 0 0 rg BT 156.58 353.95 Td (optimization ) Tj ET Q q 0 0 0 rg BT 206.44 353.95 Td (and ) Tj ET Q q 0 0 0 rg BT 223.30 353.95 Td (modernization ) Tj ET Q q 0 0 0 rg BT 281.67 353.95 Td (of ) Tj ET Q q 0 0 0 rg BT 291.01 353.95 Td (our ) Tj ET Q q 0 0 0 rg BT 305.86 353.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 360.22 353.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 400.08 353.95 Td (savings ) Tj ET Q q 0 0 0 rg BT 432.43 353.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 474.80 353.95 Td (from ) Tj ET Q q 0 0 0 rg BT 494.64 353.95 Td (the ) Tj ET Q q 0 0 0 rg BT 508.99 353.95 Td (Restructuring ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 340.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 91.52 340.45 Td (and ) Tj ET Q q 0 0 0 rg BT 109.03 340.45 Td (the ) Tj ET Q q 0 0 0 rg BT 124.04 340.45 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 144.06 340.45 Td (million ) Tj ET Q q 0 0 0 rg BT 172.07 340.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 201.08 340.45 Td (of ) Tj ET Q q 0 0 0 rg BT 211.08 340.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 248.12 340.45 Td (of ) Tj ET Q q 0 0 0 rg BT 258.12 340.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 281.12 340.45 Td (16. ) Tj ET Q q 0 0 0 rg BT 295.97 340.45 Td (This ) Tj ET Q q 0 0 0 rg BT 315.47 340.45 Td (was ) Tj ET Q q 0 0 0 rg BT 333.98 340.45 Td (partly ) Tj ET Q q 0 0 0 rg BT 358.49 340.45 Td (of) Tj ET Q q 0 0 0 rg BT 365.83 340.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 382.84 340.45 Td (by ) Tj ET Q q 0 0 0 rg BT 394.84 340.45 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 445.87 340.45 Td (on ) Tj ET Q q 0 0 0 rg BT 458.38 340.45 Td (client ) Tj ET Q q 0 0 0 rg BT 481.89 340.45 Td (contracts.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 314.65 Td (5.5.1. ) Tj ET Q q 0 0 0 rg BT 98.52 314.65 Td (W) Tj ET Q q 0 0 0 rg BT 106.85 314.65 Td (estern ) Tj ET Q q 0 0 0 rg BT 136.36 314.65 Td (and ) Tj ET Q q 0 0 0 rg BT 154.86 314.65 Td (Southern ) Tj ET Q q 0 0 0 rg BT 196.86 314.65 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 298.15 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.18 298.15 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.02 298.15 Td ( ) Tj ET Q q 0 0 0 rg BT 131.17 298.15 Td (in ) Tj ET Q q 0 0 0 rg BT 140.33 298.15 Td (the ) Tj ET Q q 0 0 0 rg BT 154.99 298.15 Td (W) Tj ET Q q 0 0 0 rg BT 163.32 298.15 Td (estern ) Tj ET Q q 0 0 0 rg BT 190.49 298.15 Td (and ) Tj ET Q q 0 0 0 rg BT 207.66 298.15 Td (Southern ) Tj ET Q q 0 0 0 rg BT 246.34 298.15 Td (Europe ) Tj ET Q q 0 0 0 rg BT 277.51 298.15 Td (segment ) Tj ET Q q 0 0 0 rg BT 314.18 298.15 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.34 298.15 Td ($59.7 ) Tj ET Q q 0 0 0 rg BT 357.01 298.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.52 298.15 Td ( ) Tj ET Q q 0 0 0 rg BT 384.67 298.15 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.83 298.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.84 298.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.99 298.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.01 298.15 Td (, ) Tj ET Q q 0 0 0 rg BT 432.66 298.15 Td (a ) Tj ET Q q 0 0 0 rg BT 439.82 298.15 Td (decrease ) Tj ET Q q 0 0 0 rg BT 479.00 298.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.65 298.15 Td ($15.1 ) Tj ET Q q 0 0 0 rg BT 513.33 298.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.83 298.15 Td ( ) Tj ET Q q 0 0 0 rg BT 540.99 298.15 Td (when ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 284.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 114.54 284.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 124.57 284.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.57 284.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 139.09 284.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.11 284.65 Td (. ) Tj ET Q q 0 0 0 rg BT 163.63 284.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 201.18 284.65 Td (EBIT) Tj ET Q q 0 0 0 rg BT 221.02 284.65 Td ( ) Tj ET Q q 0 0 0 rg BT 223.54 284.65 Td (margin ) Tj ET Q q 0 0 0 rg BT 253.57 284.65 Td (decreased ) Tj ET Q q 0 0 0 rg BT 298.12 284.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.15 284.65 Td (13.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.66 284.65 Td ( ) Tj ET Q q 0 0 0 rg BT 336.18 284.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.70 284.65 Td (15.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.22 284.65 Td ( ) Tj ET Q q 0 0 0 rg BT 384.74 284.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.27 284.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.27 284.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.79 284.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.82 284.65 Td (, ) Tj ET Q q 0 0 0 rg BT 433.84 284.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 470.36 284.65 Td (due ) Tj ET Q q 0 0 0 rg BT 487.89 284.65 Td (to ) Tj ET Q q 0 0 0 rg BT 497.92 284.65 Td (the ) Tj ET Q q 0 0 0 rg BT 512.95 284.65 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 554.99 284.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 271.15 Td (activities ) Tj ET Q q 0 0 0 rg BT 109.01 271.15 Td (identified ) Tj ET Q q 0 0 0 rg BT 147.54 271.15 Td (in ) Tj ET Q q 0 0 0 rg BT 157.04 271.15 Td (the ) Tj ET Q q 0 0 0 rg BT 172.05 271.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 207.08 271.15 Td (section. ) Tj ET Q q 0 0 0 rg BT 240.43 271.15 Td (This ) Tj ET Q q 0 0 0 rg BT 259.94 271.15 Td (was ) Tj ET Q q 0 0 0 rg BT 278.44 271.15 Td (partially ) Tj ET Q q 0 0 0 rg BT 311.95 271.15 Td (of) Tj ET Q q 0 0 0 rg BT 319.30 271.15 Td (fset ) Tj ET Q q 0 0 0 rg BT 336.30 271.15 Td (by ) Tj ET Q q 0 0 0 rg BT 348.31 271.15 Td (lower ) Tj ET Q q 0 0 0 rg BT 372.32 271.15 Td (performance ) Tj ET Q q 0 0 0 rg BT 425.34 271.15 Td (based ) Tj ET Q q 0 0 0 rg BT 452.36 271.15 Td (compensation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 245.35 Td (5.5.2. ) Tj ET Q q 0 0 0 rg BT 98.52 245.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 245.35 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 172.54 245.35 Td (and ) Tj ET Q q 0 0 0 rg BT 191.04 245.35 Td (State ) Tj ET Q q 0 0 0 rg BT 215.55 245.35 Td (Government) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 228.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 110.07 228.85 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.91 228.85 Td ( ) Tj ET Q q 0 0 0 rg BT 132.96 228.85 Td (in ) Tj ET Q q 0 0 0 rg BT 143.02 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 158.58 228.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 179.13 228.85 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 230.18 228.85 Td (and ) Tj ET Q q 0 0 0 rg BT 248.25 228.85 Td (State ) Tj ET Q q 0 0 0 rg BT 272.31 228.85 Td (Government ) Tj ET Q q 0 0 0 rg BT 324.88 228.85 Td (segment ) Tj ET Q q 0 0 0 rg BT 362.45 228.85 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 228.85 Td ($66.5 ) Tj ET Q q 0 0 0 rg BT 407.08 228.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.58 228.85 Td ( ) Tj ET Q q 0 0 0 rg BT 435.63 228.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.68 228.85 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.69 228.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.74 228.85 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.76 228.85 Td (, ) Tj ET Q q 0 0 0 rg BT 486.31 228.85 Td (a ) Tj ET Q q 0 0 0 rg BT 494.36 228.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 534.44 228.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.99 228.85 Td ($1.7 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 215.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.51 215.35 Td ( ) Tj ET Q q 0 0 0 rg BT 99.26 215.35 Td (when ) Tj ET Q q 0 0 0 rg BT 122.52 215.35 Td (compared ) Tj ET Q q 0 0 0 rg BT 164.29 215.35 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 173.55 215.35 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.55 215.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.30 215.35 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.32 215.35 Td (. ) Tj ET Q q 0 0 0 rg BT 211.23 215.35 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 248.00 215.35 Td (EBIT) Tj ET Q q 0 0 0 rg BT 267.84 215.35 Td ( ) Tj ET Q q 0 0 0 rg BT 269.59 215.35 Td (margin ) Tj ET Q q 0 0 0 rg BT 298.85 215.35 Td (decreased ) Tj ET Q q 0 0 0 rg BT 342.63 215.35 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.88 215.35 Td (14.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.40 215.35 Td ( ) Tj ET Q q 0 0 0 rg BT 379.15 215.35 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.90 215.35 Td (15.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.42 215.35 Td ( ) Tj ET Q q 0 0 0 rg BT 426.17 215.35 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.93 215.35 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.93 215.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.68 215.35 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.70 215.35 Td (.The ) Tj ET Q q 0 0 0 rg BT 488.46 215.35 Td (change ) Tj ET Q q 0 0 0 rg BT 519.74 215.35 Td (in ) Tj ET Q q 0 0 0 rg BT 528.49 215.35 Td (adjusted ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 201.85 Td (EBIT) Tj ET Q q 0 0 0 rg BT 91.84 201.85 Td ( ) Tj ET Q q 0 0 0 rg BT 93.95 201.85 Td (margin ) Tj ET Q q 0 0 0 rg BT 123.57 201.85 Td (was ) Tj ET Q q 0 0 0 rg BT 141.68 201.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 169.80 201.85 Td (due ) Tj ET Q q 0 0 0 rg BT 186.92 201.85 Td (to ) Tj ET Q q 0 0 0 rg BT 196.54 201.85 Td (an ) Tj ET Q q 0 0 0 rg BT 208.65 201.85 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 254.79 201.85 Td (due ) Tj ET Q q 0 0 0 rg BT 271.91 201.85 Td (to ) Tj ET Q q 0 0 0 rg BT 281.53 201.85 Td (a ) Tj ET Q q 0 0 0 rg BT 288.64 201.85 Td (reevaluation ) Tj ET Q q 0 0 0 rg BT 339.78 201.85 Td (of ) Tj ET Q q 0 0 0 rg BT 349.40 201.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 368.01 201.85 Td (to ) Tj ET Q q 0 0 0 rg BT 377.63 201.85 Td (complete ) Tj ET Q q 0 0 0 rg BT 416.25 201.85 Td (on ) Tj ET Q q 0 0 0 rg BT 428.37 201.85 Td (a ) Tj ET Q q 0 0 0 rg BT 435.48 201.85 Td (project ) Tj ET Q q 0 0 0 rg BT 464.61 201.85 Td (and ) Tj ET Q q 0 0 0 rg BT 481.73 201.85 Td (a ) Tj ET Q q 0 0 0 rg BT 488.84 201.85 Td (litigation ) Tj ET Q q 0 0 0 rg BT 523.97 201.85 Td (provision. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 188.35 Td (This ) Tj ET Q q 0 0 0 rg BT 92.03 188.35 Td (was ) Tj ET Q q 0 0 0 rg BT 111.07 188.35 Td (in ) Tj ET Q q 0 0 0 rg BT 121.10 188.35 Td (part ) Tj ET Q q 0 0 0 rg BT 139.64 188.35 Td (of) Tj ET Q q 0 0 0 rg BT 146.98 188.35 Td (fset ) Tj ET Q q 0 0 0 rg BT 164.52 188.35 Td (by ) Tj ET Q q 0 0 0 rg BT 177.05 188.35 Td (the ) Tj ET Q q 0 0 0 rg BT 192.59 188.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 222.13 188.35 Td (of ) Tj ET Q q 0 0 0 rg BT 232.66 188.35 Td (higher ) Tj ET Q q 0 0 0 rg BT 260.71 188.35 Td (IP) Tj ET Q q 0 0 0 rg BT 269.05 188.35 Td ( ) Tj ET Q q 0 0 0 rg BT 272.08 188.35 Td (sales ) Tj ET Q q 0 0 0 rg BT 296.12 188.35 Td (and ) Tj ET Q q 0 0 0 rg BT 314.17 188.35 Td (solution ) Tj ET Q q 0 0 0 rg BT 348.22 188.35 Td (revenue ) Tj ET Q q 0 0 0 rg BT 383.77 188.35 Td (and ) Tj ET Q q 0 0 0 rg BT 401.82 188.35 Td (lower ) Tj ET Q q 0 0 0 rg BT 426.35 188.35 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 480.40 188.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 521.96 188.35 Td (and ) Tj ET Q q 0 0 0 rg BT 540.00 188.35 Td (fringe ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 174.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 106.02 174.85 Td (due ) Tj ET Q q 0 0 0 rg BT 123.54 174.85 Td (to ) Tj ET Q q 0 0 0 rg BT 133.55 174.85 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 149.05 Td (5.5.3. ) Tj ET Q q 0 0 0 rg BT 98.52 149.05 Td (Canada) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 132.55 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.09 132.55 Td (EBIT) Tj ET Q q 0 0 0 rg BT 128.93 132.55 Td ( ) Tj ET Q q 0 0 0 rg BT 131.00 132.55 Td (in ) Tj ET Q q 0 0 0 rg BT 140.07 132.55 Td (the ) Tj ET Q q 0 0 0 rg BT 154.65 132.55 Td (Canada ) Tj ET Q q 0 0 0 rg BT 188.24 132.55 Td (segment ) Tj ET Q q 0 0 0 rg BT 224.82 132.55 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.89 132.55 Td ($85.6 ) Tj ET Q q 0 0 0 rg BT 267.48 132.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.99 132.55 Td ( ) Tj ET Q q 0 0 0 rg BT 295.05 132.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.12 132.55 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.13 132.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.20 132.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.22 132.55 Td (, ) Tj ET Q q 0 0 0 rg BT 342.78 132.55 Td (a ) Tj ET Q q 0 0 0 rg BT 349.85 132.55 Td (decrease ) Tj ET Q q 0 0 0 rg BT 388.94 132.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.52 132.55 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 423.10 132.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.61 132.55 Td ( ) Tj ET Q q 0 0 0 rg BT 450.68 132.55 Td (when ) Tj ET Q q 0 0 0 rg BT 474.26 132.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.34 132.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.92 132.55 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.92 132.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.99 132.55 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.01 132.55 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 119.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.54 119.05 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.38 119.05 Td ( ) Tj ET Q q 0 0 0 rg BT 131.89 119.05 Td (margin ) Tj ET Q q 0 0 0 rg BT 161.91 119.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 206.45 119.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.47 119.05 Td (21.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.99 119.05 Td ( ) Tj ET Q q 0 0 0 rg BT 244.50 119.05 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.01 119.05 Td (22.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.53 119.05 Td ( ) Tj ET Q q 0 0 0 rg BT 293.04 119.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.56 119.05 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.56 119.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.08 119.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.10 119.05 Td (. ) Tj ET Q q 0 0 0 rg BT 341.95 119.05 Td (The ) Tj ET Q q 0 0 0 rg BT 359.97 119.05 Td (change ) Tj ET Q q 0 0 0 rg BT 392.01 119.05 Td (in ) Tj ET Q q 0 0 0 rg BT 401.52 119.05 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 438.06 119.05 Td (EBIT) Tj ET Q q 0 0 0 rg BT 457.90 119.05 Td ( ) Tj ET Q q 0 0 0 rg BT 460.41 119.05 Td (margin ) Tj ET Q q 0 0 0 rg BT 490.44 119.05 Td (was ) Tj ET Q q 0 0 0 rg BT 508.95 119.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 537.47 119.05 Td (due ) Tj ET Q q 0 0 0 rg BT 555.00 119.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 105.55 Td (the ) Tj ET Q q 0 0 0 rg BT 86.77 105.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 115.54 105.55 Td (of ) Tj ET Q q 0 0 0 rg BT 125.30 105.55 Td (lower ) Tj ET Q q 0 0 0 rg BT 149.07 105.55 Td (IP) Tj ET Q q 0 0 0 rg BT 157.41 105.55 Td ( ) Tj ET Q q 0 0 0 rg BT 159.67 105.55 Td (license ) Tj ET Q q 0 0 0 rg BT 189.95 105.55 Td (sales ) Tj ET Q q 0 0 0 rg BT 213.22 105.55 Td (and ) Tj ET Q q 0 0 0 rg BT 230.49 105.55 Td (service ) Tj ET Q q 0 0 0 rg BT 261.26 105.55 Td (revenue ) Tj ET Q q 0 0 0 rg BT 296.04 105.55 Td (within ) Tj ET Q q 0 0 0 rg BT 321.31 105.55 Td (the ) Tj ET Q q 0 0 0 rg BT 336.08 105.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.36 105.55 Td (services ) Tj ET Q q 0 0 0 rg BT 406.63 105.55 Td (vertical ) Tj ET Q q 0 0 0 rg BT 437.40 105.55 Td (market ) Tj ET Q q 0 0 0 rg BT 467.16 105.55 Td (and ) Tj ET Q q 0 0 0 rg BT 484.44 105.55 Td (the ) Tj ET Q q 0 0 0 rg BT 499.21 105.55 Td (reevaluations ) Tj ET Q q 0 0 0 rg BT 555.00 105.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 92.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.09 92.05 Td (to ) Tj ET Q q 0 0 0 rg BT 104.68 92.05 Td (complete ) Tj ET Q q 0 0 0 rg BT 143.29 92.05 Td (on ) Tj ET Q q 0 0 0 rg BT 155.39 92.05 Td (projects. ) Tj ET Q q 0 0 0 rg BT 191.35 92.05 Td (This ) Tj ET Q q 0 0 0 rg BT 210.44 92.05 Td (was ) Tj ET Q q 0 0 0 rg BT 228.53 92.05 Td (partly ) Tj ET Q q 0 0 0 rg BT 252.63 92.05 Td (of) Tj ET Q q 0 0 0 rg BT 259.97 92.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 276.56 92.05 Td (by ) Tj ET Q q 0 0 0 rg BT 288.15 92.05 Td (synergies ) Tj ET Q q 0 0 0 rg BT 328.76 92.05 Td (achieved ) Tj ET Q q 0 0 0 rg BT 366.87 92.05 Td (through ) Tj ET Q q 0 0 0 rg BT 399.48 92.05 Td (the ) Tj ET Q q 0 0 0 rg BT 414.08 92.05 Td (optimization ) Tj ET Q q 0 0 0 rg BT 464.19 92.05 Td (and ) Tj ET Q q 0 0 0 rg BT 481.29 92.05 Td (modernization ) Tj ET Q q 0 0 0 rg BT 539.91 92.05 Td (of ) Tj ET Q q 0 0 0 rg BT 549.50 92.05 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 78.55 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 127.02 78.55 Td (business ) Tj ET Q q 0 0 0 rg BT 165.04 78.55 Td (and ) Tj ET Q q 0 0 0 rg BT 182.56 78.55 Td (the ) Tj ET Q q 0 0 0 rg BT 197.57 78.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 226.58 78.55 Td (of ) Tj ET Q q 0 0 0 rg BT 236.58 78.55 Td (the ) Tj ET Q q 0 0 0 rg BT 251.60 78.55 Td (adoption ) Tj ET Q q 0 0 0 rg BT 288.63 78.55 Td (of ) Tj ET Q q 0 0 0 rg BT 298.63 78.55 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 321.64 78.55 Td (16.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (43) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.5.4. ) Tj ET Q q 0 0 0 rg BT 98.52 742.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.52 742.45 Td (Federal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.62 725.95 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.46 725.95 Td ( ) Tj ET Q q 0 0 0 rg BT 132.05 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 141.64 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 156.75 725.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 176.84 725.95 Td (Federal ) Tj ET Q q 0 0 0 rg BT 209.95 725.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 247.06 725.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.65 725.95 Td ($58.1 ) Tj ET Q q 0 0 0 rg BT 290.76 725.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.27 725.95 Td ( ) Tj ET Q q 0 0 0 rg BT 318.86 725.95 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.46 725.95 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.46 725.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.05 725.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.07 725.95 Td (, ) Tj ET Q q 0 0 0 rg BT 368.17 725.95 Td (a ) Tj ET Q q 0 0 0 rg BT 375.76 725.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 415.38 725.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.47 725.95 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 445.58 725.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.09 725.95 Td ( ) Tj ET Q q 0 0 0 rg BT 473.68 725.95 Td (when ) Tj ET Q q 0 0 0 rg BT 497.78 725.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 540.40 725.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.49 725.95 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 562.50 725.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 712.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.02 712.45 Td (. ) Tj ET Q q 0 0 0 rg BT 96.23 712.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 133.39 712.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 153.23 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 155.36 712.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 185.00 712.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 229.16 712.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 238.80 712.45 Td (13.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.32 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 266.45 712.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.58 712.45 Td (14.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.10 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 314.23 712.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.37 712.45 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.38 712.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.51 712.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.53 712.45 Td (. ) Tj ET Q q 0 0 0 rg BT 362.02 712.45 Td (The ) Tj ET Q q 0 0 0 rg BT 379.66 712.45 Td (change ) Tj ET Q q 0 0 0 rg BT 411.32 712.45 Td (in ) Tj ET Q q 0 0 0 rg BT 420.46 712.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 456.62 712.45 Td (EBIT) Tj ET Q q 0 0 0 rg BT 476.46 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 478.59 712.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 508.23 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 510.36 712.45 Td (was ) Tj ET Q q 0 0 0 rg BT 528.50 712.45 Td (primarily ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 698.95 Td (due ) Tj ET Q q 0 0 0 rg BT 88.61 698.95 Td (to ) Tj ET Q q 0 0 0 rg BT 97.72 698.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 120.82 698.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 165.44 698.95 Td (and ) Tj ET Q q 0 0 0 rg BT 182.05 698.95 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 232.17 698.95 Td (on ) Tj ET Q q 0 0 0 rg BT 243.78 698.95 Td (isolated ) Tj ET Q q 0 0 0 rg BT 276.40 698.95 Td (client ) Tj ET Q q 0 0 0 rg BT 299.00 698.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 337.12 698.95 Td (in ) Tj ET Q q 0 0 0 rg BT 345.72 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 359.83 698.95 Td (defense ) Tj ET Q q 0 0 0 rg BT 393.45 698.95 Td (sector ) Tj ET Q q 0 0 0 rg BT 419.56 698.95 Td (and ) Tj ET Q q 0 0 0 rg BT 436.17 698.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 459.27 698.95 Td (business ) Tj ET Q q 0 0 0 rg BT 496.39 698.95 Td (process ) Tj ET Q q 0 0 0 rg BT 529.50 698.95 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 685.45 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 110.51 685.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 139.02 685.45 Td (related ) Tj ET Q q 0 0 0 rg BT 169.04 685.45 Td (to ) Tj ET Q q 0 0 0 rg BT 179.04 685.45 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 659.65 Td (5.5.5. ) Tj ET Q q 0 0 0 rg BT 98.52 659.65 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 119.02 659.65 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 659.65 Td (Australia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 643.15 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.45 643.15 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.29 643.15 Td ( ) Tj ET Q q 0 0 0 rg BT 131.72 643.15 Td (in ) Tj ET Q q 0 0 0 rg BT 141.15 643.15 Td (the ) Tj ET Q q 0 0 0 rg BT 156.09 643.15 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 176.02 643.15 Td (and ) Tj ET Q q 0 0 0 rg BT 192.98 643.15 Td (Australia ) Tj ET Q q 0 0 0 rg BT 230.43 643.15 Td (segment ) Tj ET Q q 0 0 0 rg BT 267.37 643.15 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.80 643.15 Td ($55.7 ) Tj ET Q q 0 0 0 rg BT 310.75 643.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.26 643.15 Td ( ) Tj ET Q q 0 0 0 rg BT 338.69 643.15 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.12 643.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.12 643.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.55 643.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.57 643.15 Td (, ) Tj ET Q q 0 0 0 rg BT 387.50 643.15 Td (an ) Tj ET Q q 0 0 0 rg BT 399.94 643.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.38 643.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.32 643.15 Td ($1) Tj ET Q q 0 0 0 rg BT 455.66 643.15 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 470.60 643.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.10 643.15 Td ( ) Tj ET Q q 0 0 0 rg BT 498.53 643.15 Td (when ) Tj ET Q q 0 0 0 rg BT 522.47 643.15 Td (compared ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 629.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.30 629.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.30 629.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 97.09 629.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 117.12 629.65 Td (. ) Tj ET Q q 0 0 0 rg BT 121.85 629.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 159.67 629.65 Td (EBIT) Tj ET Q q 0 0 0 rg BT 179.51 629.65 Td ( ) Tj ET Q q 0 0 0 rg BT 182.30 629.65 Td (margin ) Tj ET Q q 0 0 0 rg BT 212.60 629.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 254.42 629.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.71 629.65 Td (16.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.23 629.65 Td ( ) Tj ET Q q 0 0 0 rg BT 293.02 629.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.81 629.65 Td (13.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.33 629.65 Td ( ) Tj ET Q q 0 0 0 rg BT 342.12 629.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.92 629.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.93 629.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.72 629.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.74 629.65 Td (. ) Tj ET Q q 0 0 0 rg BT 391.85 629.65 Td (The ) Tj ET Q q 0 0 0 rg BT 410.15 629.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.96 629.65 Td (in ) Tj ET Q q 0 0 0 rg BT 456.75 629.65 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 493.57 629.65 Td (EBIT) Tj ET Q q 0 0 0 rg BT 513.41 629.65 Td ( ) Tj ET Q q 0 0 0 rg BT 516.20 629.65 Td (margin ) Tj ET Q q 0 0 0 rg BT 546.50 629.65 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 616.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 100.83 616.15 Td (due ) Tj ET Q q 0 0 0 rg BT 118.66 616.15 Td (to ) Tj ET Q q 0 0 0 rg BT 128.99 616.15 Td (the ) Tj ET Q q 0 0 0 rg BT 144.32 616.15 Td (favourable ) Tj ET Q q 0 0 0 rg BT 189.17 616.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 218.49 616.15 Td (of ) Tj ET Q q 0 0 0 rg BT 228.82 616.15 Td (a ) Tj ET Q q 0 0 0 rg BT 236.64 616.15 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 291.50 616.15 Td (on ) Tj ET Q q 0 0 0 rg BT 304.33 616.15 Td (a ) Tj ET Q q 0 0 0 rg BT 312.16 616.15 Td (client ) Tj ET Q q 0 0 0 rg BT 335.99 616.15 Td (contract, ) Tj ET Q q 0 0 0 rg BT 373.32 616.15 Td (lower ) Tj ET Q q 0 0 0 rg BT 397.65 616.15 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 451.49 616.15 Td (expenses ) Tj ET Q q 0 0 0 rg BT 492.83 616.15 Td (due ) Tj ET Q q 0 0 0 rg BT 510.67 616.15 Td (to ) Tj ET Q q 0 0 0 rg BT 520.99 616.15 Td (COVID-19 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 602.65 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 602.65 Td (the ) Tj ET Q q 0 0 0 rg BT 104.53 602.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 133.54 602.65 Td (of ) Tj ET Q q 0 0 0 rg BT 143.54 602.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.55 602.65 Td (adoption ) Tj ET Q q 0 0 0 rg BT 195.59 602.65 Td (of ) Tj ET Q q 0 0 0 rg BT 205.59 602.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 228.59 602.65 Td (16.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 576.85 Td (5.5.6. ) Tj ET Q q 0 0 0 rg BT 98.52 576.85 Td (Central ) Tj ET Q q 0 0 0 rg BT 132.03 576.85 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 576.85 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 186.04 576.85 Td (Europe) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 560.35 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.82 560.35 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.66 560.35 Td ( ) Tj ET Q q 0 0 0 rg BT 132.46 560.35 Td (in ) Tj ET Q q 0 0 0 rg BT 142.26 560.35 Td (the ) Tj ET Q q 0 0 0 rg BT 157.56 560.35 Td (Central ) Tj ET Q q 0 0 0 rg BT 189.37 560.35 Td (and ) Tj ET Q q 0 0 0 rg BT 207.18 560.35 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 240.99 560.35 Td (Europe ) Tj ET Q q 0 0 0 rg BT 272.81 560.35 Td (segment ) Tj ET Q q 0 0 0 rg BT 310.12 560.35 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.92 560.35 Td ($38.2 ) Tj ET Q q 0 0 0 rg BT 354.24 560.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.74 560.35 Td ( ) Tj ET Q q 0 0 0 rg BT 382.54 560.35 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.34 560.35 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.35 560.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.14 560.35 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.16 560.35 Td (, ) Tj ET Q q 0 0 0 rg BT 432.46 560.35 Td (an ) Tj ET Q q 0 0 0 rg BT 445.26 560.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 482.08 560.35 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.38 560.35 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 512.69 560.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.19 560.35 Td ( ) Tj ET Q q 0 0 0 rg BT 540.99 560.35 Td (when ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 546.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 115.00 546.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.48 546.85 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 137.48 546.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 140.46 546.85 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 160.48 546.85 Td (. ) Tj ET Q q 0 0 0 rg BT 165.36 546.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 203.36 546.85 Td (EBIT) Tj ET Q q 0 0 0 rg BT 223.20 546.85 Td ( ) Tj ET Q q 0 0 0 rg BT 226.17 546.85 Td (margin ) Tj ET Q q 0 0 0 rg BT 256.66 546.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 298.66 546.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.14 546.85 Td (12.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.66 546.85 Td ( ) Tj ET Q q 0 0 0 rg BT 337.63 546.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.60 546.85 Td (10.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.12 546.85 Td ( ) Tj ET Q q 0 0 0 rg BT 387.10 546.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.08 546.85 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.08 546.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.06 546.85 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.08 546.85 Td ( ) Tj ET Q q 0 0 0 rg BT 435.05 546.85 Td (due ) Tj ET Q q 0 0 0 rg BT 453.04 546.85 Td (to ) Tj ET Q q 0 0 0 rg BT 463.52 546.85 Td (the ) Tj ET Q q 0 0 0 rg BT 479.01 546.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 513.50 546.85 Td (of ) Tj ET Q q 0 0 0 rg BT 523.98 546.85 Td (synergies ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 533.35 Td (achieved ) Tj ET Q q 0 0 0 rg BT 110.57 533.35 Td (through ) Tj ET Q q 0 0 0 rg BT 143.64 533.35 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 533.35 Td (integration ) Tj ET Q q 0 0 0 rg BT 203.27 533.35 Td (of ) Tj ET Q q 0 0 0 rg BT 213.33 533.35 Td (the ) Tj ET Q q 0 0 0 rg BT 228.38 533.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 248.93 533.35 Td (year's ) Tj ET Q q 0 0 0 rg BT 275.21 533.35 Td (business ) Tj ET Q q 0 0 0 rg BT 313.27 533.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 362.84 533.35 Td (and ) Tj ET Q q 0 0 0 rg BT 380.41 533.35 Td (lower ) Tj ET Q q 0 0 0 rg BT 404.46 533.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 457.53 533.35 Td (based ) Tj ET Q q 0 0 0 rg BT 484.60 533.35 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 545.51 533.35 Td (This ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 519.85 Td (was ) Tj ET Q q 0 0 0 rg BT 90.51 519.85 Td (in ) Tj ET Q q 0 0 0 rg BT 100.01 519.85 Td (part ) Tj ET Q q 0 0 0 rg BT 118.02 519.85 Td (of) Tj ET Q q 0 0 0 rg BT 125.36 519.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 142.37 519.85 Td (by ) Tj ET Q q 0 0 0 rg BT 154.38 519.85 Td (the ) Tj ET Q q 0 0 0 rg BT 169.39 519.85 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 211.41 519.85 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 519.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 258.42 519.85 Td (in ) Tj ET Q q 0 0 0 rg BT 267.93 519.85 Td (the ) Tj ET Q q 0 0 0 rg BT 282.94 519.85 Td (MRD ) Tj ET Q q 0 0 0 rg BT 305.94 519.85 Td (vertical ) Tj ET Q q 0 0 0 rg BT 336.95 519.85 Td (market, ) Tj ET Q q 0 0 0 rg BT 369.45 519.85 Td (mostly ) Tj ET Q q 0 0 0 rg BT 397.96 519.85 Td (related ) Tj ET Q q 0 0 0 rg BT 427.97 519.85 Td (to ) Tj ET Q q 0 0 0 rg BT 437.98 519.85 Td (COVID-19.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 494.05 Td (5.5.7. ) Tj ET Q q 0 0 0 rg BT 98.52 494.05 Td (Scandinavia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 477.55 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.94 477.55 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.79 477.55 Td ( ) Tj ET Q q 0 0 0 rg BT 132.71 477.55 Td (in ) Tj ET Q q 0 0 0 rg BT 142.63 477.55 Td (the ) Tj ET Q q 0 0 0 rg BT 158.06 477.55 Td (Scandinavia ) Tj ET Q q 0 0 0 rg BT 210.02 477.55 Td (segment ) Tj ET Q q 0 0 0 rg BT 247.46 477.55 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.38 477.55 Td ($7.8 ) Tj ET Q q 0 0 0 rg BT 286.82 477.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.33 477.55 Td ( ) Tj ET Q q 0 0 0 rg BT 315.25 477.55 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.17 477.55 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.18 477.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.10 477.55 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.12 477.55 Td (, ) Tj ET Q q 0 0 0 rg BT 365.54 477.55 Td (a ) Tj ET Q q 0 0 0 rg BT 373.47 477.55 Td (decrease ) Tj ET Q q 0 0 0 rg BT 413.41 477.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.84 477.55 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 444.27 477.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.78 477.55 Td ( ) Tj ET Q q 0 0 0 rg BT 472.70 477.55 Td (when ) Tj ET Q q 0 0 0 rg BT 497.14 477.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 540.08 477.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.50 477.55 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 464.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.02 464.05 Td (. ) Tj ET Q q 0 0 0 rg BT 95.97 464.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 132.79 464.05 Td (EBIT) Tj ET Q q 0 0 0 rg BT 152.63 464.05 Td ( ) Tj ET Q q 0 0 0 rg BT 154.44 464.05 Td (margin ) Tj ET Q q 0 0 0 rg BT 183.75 464.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 227.58 464.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.89 464.05 Td (3.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.40 464.05 Td ( ) Tj ET Q q 0 0 0 rg BT 259.20 464.05 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.01 464.05 Td (4.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.52 464.05 Td ( ) Tj ET Q q 0 0 0 rg BT 301.32 464.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.13 464.05 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 322.14 464.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.94 464.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.96 464.05 Td (. ) Tj ET Q q 0 0 0 rg BT 348.14 464.05 Td (The ) Tj ET Q q 0 0 0 rg BT 365.46 464.05 Td (change ) Tj ET Q q 0 0 0 rg BT 396.78 464.05 Td (in ) Tj ET Q q 0 0 0 rg BT 405.59 464.05 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 441.42 464.05 Td (EBIT) Tj ET Q q 0 0 0 rg BT 461.26 464.05 Td ( ) Tj ET Q q 0 0 0 rg BT 463.06 464.05 Td (margin ) Tj ET Q q 0 0 0 rg BT 492.38 464.05 Td (was ) Tj ET Q q 0 0 0 rg BT 510.18 464.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 537.99 464.05 Td (driven ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 450.55 Td (by ) Tj ET Q q 0 0 0 rg BT 84.00 450.55 Td (a ) Tj ET Q q 0 0 0 rg BT 91.50 450.55 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 133.52 450.55 Td (of ) Tj ET Q q 0 0 0 rg BT 143.52 450.55 Td (activities, ) Tj ET Q q 0 0 0 rg BT 183.03 450.55 Td (mostly ) Tj ET Q q 0 0 0 rg BT 211.53 450.55 Td (related ) Tj ET Q q 0 0 0 rg BT 241.54 450.55 Td (to ) Tj ET Q q 0 0 0 rg BT 251.55 450.55 Td (COVID-19, ) Tj ET Q q 0 0 0 rg BT 298.05 450.55 Td (in ) Tj ET Q q 0 0 0 rg BT 307.56 450.55 Td (part ) Tj ET Q q 0 0 0 rg BT 325.56 450.55 Td (of) Tj ET Q q 0 0 0 rg BT 332.90 450.55 Td (fset ) Tj ET Q q 0 0 0 rg BT 349.91 450.55 Td (by ) Tj ET Q q 0 0 0 rg BT 361.91 450.55 Td (the ) Tj ET Q q 0 0 0 rg BT 376.92 450.55 Td (savings ) Tj ET Q q 0 0 0 rg BT 409.93 450.55 Td (generated ) Tj ET Q q 0 0 0 rg BT 452.96 450.55 Td (from ) Tj ET Q q 0 0 0 rg BT 473.46 450.55 Td (the ) Tj ET Q q 0 0 0 rg BT 488.47 450.55 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 544.48 450.55 Td (Plan ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 437.05 Td (\(see ) Tj ET Q q 0 0 0 rg BT 92.01 437.05 Td (section ) Tj ET Q q 0 0 0 rg BT 123.02 437.05 Td (3.7.2. ) Tj ET Q q 0 0 0 rg BT 148.04 437.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.05 437.05 Td (the ) Tj ET Q q 0 0 0 rg BT 173.06 437.05 Td (present ) Tj ET Q q 0 0 0 rg BT 205.58 437.05 Td (document\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 408.55 Td (5.5.8. ) Tj ET Q q 0 0 0 rg BT 99.02 408.55 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 136.02 408.55 Td (Poland ) Tj ET Q q 0 0 0 rg BT 168.52 408.55 Td (and ) Tj ET Q q 0 0 0 rg BT 187.02 408.55 Td (Baltics) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 389.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.94 389.05 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.78 389.05 Td ( ) Tj ET Q q 0 0 0 rg BT 132.20 389.05 Td (in ) Tj ET Q q 0 0 0 rg BT 141.62 389.05 Td (our ) Tj ET Q q 0 0 0 rg BT 157.04 389.05 Td (Finland, ) Tj ET Q q 0 0 0 rg BT 191.48 389.05 Td (Poland ) Tj ET Q q 0 0 0 rg BT 221.92 389.05 Td (and ) Tj ET Q q 0 0 0 rg BT 239.35 389.05 Td (Baltics ) Tj ET Q q 0 0 0 rg BT 268.27 389.05 Td (segment ) Tj ET Q q 0 0 0 rg BT 305.21 389.05 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.63 389.05 Td ($32.9 ) Tj ET Q q 0 0 0 rg BT 348.57 389.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.07 389.05 Td (, ) Tj ET Q q 0 0 0 rg BT 378.99 389.05 Td (an ) Tj ET Q q 0 0 0 rg BT 391.42 389.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 427.85 389.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.77 389.05 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 457.70 389.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.21 389.05 Td (, ) Tj ET Q q 0 0 0 rg BT 488.13 389.05 Td (when ) Tj ET Q q 0 0 0 rg BT 512.06 389.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.50 389.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 375.55 Td (the ) Tj ET Q q 0 0 0 rg BT 87.20 375.55 Td (same ) Tj ET Q q 0 0 0 rg BT 111.39 375.55 Td (period ) Tj ET Q q 0 0 0 rg BT 138.60 375.55 Td (last ) Tj ET Q q 0 0 0 rg BT 154.79 375.55 Td (year) Tj ET Q q 0 0 0 rg BT 171.80 375.55 Td (. ) Tj ET Q q 0 0 0 rg BT 176.05 375.55 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 213.26 375.55 Td (EBIT) Tj ET Q q 0 0 0 rg BT 233.10 375.55 Td ( ) Tj ET Q q 0 0 0 rg BT 235.29 375.55 Td (margin ) Tj ET Q q 0 0 0 rg BT 264.99 375.55 Td (increased ) Tj ET Q q 0 0 0 rg BT 306.20 375.55 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.89 375.55 Td (18.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.41 375.55 Td ( ) Tj ET Q q 0 0 0 rg BT 343.60 375.55 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.78 375.55 Td (18.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.30 375.55 Td ( ) Tj ET Q q 0 0 0 rg BT 391.49 375.55 Td (mainly ) Tj ET Q q 0 0 0 rg BT 419.68 375.55 Td (due ) Tj ET Q q 0 0 0 rg BT 436.88 375.55 Td (to ) Tj ET Q q 0 0 0 rg BT 446.58 375.55 Td (lower ) Tj ET Q q 0 0 0 rg BT 470.27 375.55 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 523.48 375.55 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 362.05 Td (and ) Tj ET Q q 0 0 0 rg BT 90.33 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 105.66 362.05 Td (temporary ) Tj ET Q q 0 0 0 rg BT 148.99 362.05 Td (payroll ) Tj ET Q q 0 0 0 rg BT 178.32 362.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.14 362.05 Td (relief, ) Tj ET Q q 0 0 0 rg BT 217.97 362.05 Td (both ) Tj ET Q q 0 0 0 rg BT 238.30 362.05 Td (due ) Tj ET Q q 0 0 0 rg BT 256.13 362.05 Td (to ) Tj ET Q q 0 0 0 rg BT 266.46 362.05 Td (COVID-19. ) Tj ET Q q 0 0 0 rg BT 313.10 362.05 Td (This ) Tj ET Q q 0 0 0 rg BT 332.92 362.05 Td (was ) Tj ET Q q 0 0 0 rg BT 351.74 362.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 380.57 362.05 Td (of) Tj ET Q q 0 0 0 rg BT 387.91 362.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 405.23 362.05 Td (by ) Tj ET Q q 0 0 0 rg BT 417.56 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 432.88 362.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 462.21 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 472.53 362.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 496.85 362.05 Td (work ) Tj ET Q q 0 0 0 rg BT 518.67 362.05 Td (volumes ) Tj ET Q q 0 0 0 rg BT 555.00 362.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 348.55 Td (part ) Tj ET Q q 0 0 0 rg BT 90.51 348.55 Td (due ) Tj ET Q q 0 0 0 rg BT 108.03 348.55 Td (to ) Tj ET Q q 0 0 0 rg BT 118.03 348.55 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 162.04 348.55 Td (and ) Tj ET Q q 0 0 0 rg BT 179.56 348.55 Td (the ) Tj ET Q q 0 0 0 rg BT 194.57 348.55 Td (prior ) Tj ET Q q 0 0 0 rg BT 215.08 348.55 Td (year ) Tj ET Q q 0 0 0 rg BT 235.08 348.55 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 286.11 348.55 Td (in ) Tj ET Q q 0 0 0 rg BT 295.61 348.55 Td (performance ) Tj ET Q q 0 0 0 rg BT 348.64 348.55 Td (based ) Tj ET Q q 0 0 0 rg BT 375.66 348.55 Td (compensation ) Tj ET Q q 0 0 0 rg BT 434.20 348.55 Td (accruals.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 322.75 Td (5.5.9. ) Tj ET Q q 0 0 0 rg BT 98.68 322.75 Td (Asia ) Tj ET Q q 0 0 0 rg BT 120.20 322.75 Td (Pacific) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 306.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 109.95 306.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 129.79 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.21 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.64 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.09 306.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 176.03 306.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 204.96 306.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 241.90 306.25 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.33 306.25 Td ($53.0 ) Tj ET Q q 0 0 0 rg BT 285.27 306.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.78 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.20 306.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 322.63 306.25 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.64 306.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.06 306.25 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.08 306.25 Td (, ) Tj ET Q q 0 0 0 rg BT 362.00 306.25 Td (an ) Tj ET Q q 0 0 0 rg BT 374.44 306.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.88 306.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.81 306.25 Td ($14.7 ) Tj ET Q q 0 0 0 rg BT 445.75 306.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.26 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.68 306.25 Td (when ) Tj ET Q q 0 0 0 rg BT 497.62 306.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 540.07 306.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 306.25 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 292.75 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 92.52 292.75 Td (, ) Tj ET Q q 0 0 0 rg BT 97.59 292.75 Td (while ) Tj ET Q q 0 0 0 rg BT 120.66 292.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.74 292.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 172.33 292.75 Td (EBIT) Tj ET Q q 0 0 0 rg BT 192.17 292.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.74 292.75 Td (margin ) Tj ET Q q 0 0 0 rg BT 224.81 292.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 266.40 292.75 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.47 292.75 Td (30.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.99 292.75 Td ( ) Tj ET Q q 0 0 0 rg BT 304.56 292.75 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.12 292.75 Td (24.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.64 292.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.21 292.75 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.21 292.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.78 292.75 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.80 292.75 Td (. ) Tj ET Q q 0 0 0 rg BT 392.70 292.75 Td (The ) Tj ET Q q 0 0 0 rg BT 410.77 292.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 447.36 292.75 Td (in ) Tj ET Q q 0 0 0 rg BT 456.93 292.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 493.52 292.75 Td (EBIT) Tj ET Q q 0 0 0 rg BT 513.36 292.75 Td ( ) Tj ET Q q 0 0 0 rg BT 515.93 292.75 Td (margin ) Tj ET Q q 0 0 0 rg BT 546.00 292.75 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 279.25 Td (mostly ) Tj ET Q q 0 0 0 rg BT 99.81 279.25 Td (due ) Tj ET Q q 0 0 0 rg BT 116.13 279.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.94 279.25 Td (automation ) Tj ET Q q 0 0 0 rg BT 170.77 279.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.10 279.25 Td (other ) Tj ET Q q 0 0 0 rg BT 208.92 279.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 255.74 279.25 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 316.06 279.25 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 373.90 279.25 Td (within ) Tj ET Q q 0 0 0 rg BT 398.21 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.03 279.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.36 279.25 Td (services ) Tj ET Q q 0 0 0 rg BT 480.67 279.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.99 279.25 Td (communications ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 265.75 Td (& ) Tj ET Q q 0 0 0 rg BT 81.49 265.75 Td (utilities ) Tj ET Q q 0 0 0 rg BT 111.99 265.75 Td (vertical ) Tj ET Q q 0 0 0 rg BT 143.48 265.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 180.98 265.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 200.47 265.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 240.48 265.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.48 265.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 308.50 265.75 Td (and ) Tj ET Q q 0 0 0 rg BT 326.50 265.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 361.50 265.75 Td (due ) Tj ET Q q 0 0 0 rg BT 379.50 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 389.99 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.49 265.75 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 449.99 265.75 Td (shutdown, ) Tj ET Q q 0 0 0 rg BT 494.01 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 509.51 265.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 539.00 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.50 265.75 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.50 252.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 109.53 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.54 252.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 142.54 252.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 155.05 252.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.57 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.58 252.25 Td (favourable ) Tj ET Q q 0 0 0 rg BT 232.11 252.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 261.12 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.12 252.25 Td (our ) Tj ET Q q 0 0 0 rg BT 286.63 252.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 323.64 252.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 356.15 252.25 Td (contracts.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (44) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.6. ) Tj ET Q q 0 0 0 rg BT 91.01 742.45 Td (NET ) Tj ET Q q 0 0 0 rg BT 111.51 742.45 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 161.18 742.45 Td (AND ) Tj ET Q q 0 0 0 rg BT 183.18 742.45 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 233.19 742.45 Td (PER ) Tj ET Q q 0 0 0 rg BT 254.19 742.45 Td (SHARE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 725.95 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 725.95 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 725.95 Td (sets ) Tj ET Q q 0 0 0 rg BT 168.55 725.95 Td (out ) Tj ET Q q 0 0 0 rg BT 183.56 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 198.58 725.95 Td (information ) Tj ET Q q 0 0 0 rg BT 245.60 725.95 Td (supporting ) Tj ET Q q 0 0 0 rg BT 290.13 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 305.14 725.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 342.16 725.95 Td (per ) Tj ET Q q 0 0 0 rg BT 357.67 725.95 Td (share ) Tj ET Q q 0 0 0 rg BT 382.68 725.95 Td (calculations:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 715.45 261.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 333.50 715.45 114.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 447.50 715.45 114.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 333.50 702.45 57.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 390.50 702.45 57.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 447.50 702.45 57.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 504.50 702.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 689.45 57.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 679.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 666.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 653.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 640.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 627.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 614.45 261.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 333.50 614.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 390.50 614.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 447.50 614.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 614.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 601.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 588.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 575.45 57.00 -4.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 571.45 261.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 333.50 571.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 390.50 571.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 447.50 571.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 571.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 558.45 261.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 333.50 558.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 390.50 558.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 447.50 558.45 57.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 558.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 545.45 57.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 541.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 528.45 57.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 524.45 57.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 503.45 57.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 499.45 57.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 478.45 57.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 474.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 461.45 57.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 333.50 448.45 57.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 715.45 m 333.5 715.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 715.45 m 390.5 715.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 715.45 m 447.5 715.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 715.45 m 504.5 715.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 715.45 m 561.5 715.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 435.45 m 333.5 435.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 435.45 m 390.5 435.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 435.45 m 447.5 435.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 435.45 m 504.5 435.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 435.45 m 561.5 435.45 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 693.68 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 495.00 706.68 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 363.20 693.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 420.20 693.93 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 483.00 693.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 534.00 693.93 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 681.85 Td (In thousands of CAD except for percentage and shares data) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 670.93 Td (Adjusted EBIT) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.90 670.93 Td (457,563) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.90 670.93 Td (457,457) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 483.50 670.98 Td (106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.05 670.93 Td (0.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 670.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 657.88 Td (Minus the following items:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 644.93 Td (Acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.80 644.98 Td (5,302) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 644.93 Td (27,291) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 644.93 Td (\(21,989) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 644.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 644.68 Td (\(80.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 644.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 631.93 Td (Restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.30 631.93 Td (84,255) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.80 631.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 631.93 Td (84,255) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.20 631.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 618.93 Td (Net finance costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.30 618.93 Td (30,424) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 618.93 Td (17,824) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 618.93 Td (12,600) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.60 618.98 Td (70.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 618.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 605.68 Td (Earnings before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.90 605.68 Td (337,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.90 605.68 Td (412,342) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 605.68 Td (\(74,760) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 605.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 605.68 Td (\(18.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 605.68 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 592.93 Td (Income tax expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.30 592.93 Td (85,668) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 592.93 Td (88,253) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 592.93 Td (\(2,585) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 592.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 592.93 Td (\(2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 592.93 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 579.88 Td (Effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 361.25 579.98 Td (25.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 376.85 579.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.25 579.93 Td (21.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.85 579.88 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 562.68 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.90 562.68 Td (251,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.90 562.68 Td (324,089) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 562.68 Td (\(72,175) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 562.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 562.68 Td (\(22.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 562.68 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 549.68 Td (Margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.70 549.68 Td (8.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.85 549.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.25 549.73 Td (1) Tj ET Q q 0 0 0 rg BT 422.70 549.73 Td (1.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.85 549.68 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 532.93 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 532.93 Td (eighted average number of shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 515.93 Td (Class ) Tj ET Q q 0 0 0 rg BT 103.01 515.93 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 515.93 Td ( subordinate voting shares and Class B multiple voting shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 507.93 Td (\(basic\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 511.93 Td (258,210,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.25 511.93 Td (268,135,727) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 511.93 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 511.93 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 490.93 Td (Class ) Tj ET Q q 0 0 0 rg BT 103.01 490.93 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 490.93 Td ( subordinate voting shares and Class B multiple voting shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 482.93 Td (\(diluted\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 486.93 Td (261,790,231) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.25 486.93 Td (273,090,564) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.40 486.93 Td (\(4.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 486.93 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 465.93 Td (Earnings per share \(in dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 452.93 Td (Basic EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.25 452.73 Td (0.98) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 452.73 Td (1.21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.55 452.68 Td (\(0.23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 452.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 452.93 Td (\(19.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 452.93 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 439.93 Td (Diluted EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.25 439.73 Td (0.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 439.73 Td (1.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.55 439.68 Td (\(0.23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 439.68 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.95 439.93 Td (\(19.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.20 439.93 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 414.30 Td (For ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.80 414.30 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.80 414.30 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.60 414.30 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.62 414.30 Td (, ) Tj ET Q q 0 0 0 rg BT 127.92 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.23 414.30 Td (income ) Tj ET Q q 0 0 0 rg BT 175.04 414.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.85 414.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 226.67 414.30 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.48 414.30 Td ($85.7 ) Tj ET Q q 0 0 0 rg BT 270.80 414.30 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.30 414.30 Td ( ) Tj ET Q q 0 0 0 rg BT 299.10 414.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 341.92 414.30 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.22 414.30 Td ($88.3 ) Tj ET Q q 0 0 0 rg BT 377.54 414.30 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.05 414.30 Td ( ) Tj ET Q q 0 0 0 rg BT 405.85 414.30 Td (for ) Tj ET Q q 0 0 0 rg BT 419.15 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 434.46 414.30 Td (same ) Tj ET Q q 0 0 0 rg BT 459.27 414.30 Td (period ) Tj ET Q q 0 0 0 rg BT 487.08 414.30 Td (last ) Tj ET Q q 0 0 0 rg BT 503.89 414.30 Td (year) Tj ET Q q 0 0 0 rg BT 520.90 414.30 Td (, ) Tj ET Q q 0 0 0 rg BT 526.20 414.30 Td (while ) Tj ET Q q 0 0 0 rg BT 549.50 414.30 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 398.65 Td (ef) Tj ET Q q 0 0 0 rg BT 78.84 398.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 107.46 398.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.07 398.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 140.19 398.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.81 398.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.93 398.65 Td (25.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.44 398.65 Td ( ) Tj ET Q q 0 0 0 rg BT 220.05 398.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.66 398.65 Td (21.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.17 398.65 Td (. ) Tj ET Q q 0 0 0 rg BT 271.28 398.65 Td (During ) Tj ET Q q 0 0 0 rg BT 300.40 398.65 Td (the ) Tj ET Q q 0 0 0 rg BT 315.51 398.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 346.64 398.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 374.27 398.65 Td (September ) Tj ET Q q 0 0 0 rg BT 420.90 398.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 436.02 398.65 Td (2019, ) Tj ET Q q 0 0 0 rg BT 461.14 398.65 Td (the ) Tj ET Q q 0 0 0 rg BT 476.26 398.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 517.38 398.65 Td (settled ) Tj ET Q q 0 0 0 rg BT 546.50 398.65 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 383.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.31 383.00 Td (German ) Tj ET Q q 0 0 0 rg BT 121.12 383.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.42 383.00 Td (authorities ) Tj ET Q q 0 0 0 rg BT 179.25 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 196.56 383.00 Td (booked ) Tj ET Q q 0 0 0 rg BT 228.39 383.00 Td ($1) Tj ET Q q 0 0 0 rg BT 237.73 383.00 Td (15.5 ) Tj ET Q q 0 0 0 rg BT 257.55 383.00 Td (million ) Tj ET Q q 0 0 0 rg BT 285.35 383.00 Td (of ) Tj ET Q q 0 0 0 rg BT 295.16 383.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 335.99 383.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 376.31 383.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.61 383.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 418.42 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 435.73 383.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 473.55 383.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.86 383.00 Td ($18.5 ) Tj ET Q q 0 0 0 rg BT 505.68 383.00 Td (million ) Tj ET Q q 0 0 0 rg BT 533.48 383.00 Td (income ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 367.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 84.89 367.35 Td (recovery) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 119.40 367.35 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 121.65 367.35 Td ( ) Tj ET Q q 0 0 0 rg BT 123.04 367.35 Td (When ) Tj ET Q q 0 0 0 rg BT 147.93 367.35 Td (excluding ) Tj ET Q q 0 0 0 rg BT 187.35 367.35 Td (that ) Tj ET Q q 0 0 0 rg BT 203.74 367.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.13 367.35 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 262.54 367.35 Td (and ) Tj ET Q q 0 0 0 rg BT 278.95 367.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.34 367.35 Td (ef) Tj ET Q q 0 0 0 rg BT 299.68 367.35 Td (fects ) Tj ET Q q 0 0 0 rg BT 320.07 367.35 Td (from ) Tj ET Q q 0 0 0 rg BT 339.46 367.35 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 413.89 367.35 Td (and ) Tj ET Q q 0 0 0 rg BT 430.29 367.35 Td (integration ) Tj ET Q q 0 0 0 rg BT 473.70 367.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 496.10 367.35 Td (and ) Tj ET Q q 0 0 0 rg BT 512.50 367.35 Td (restructuring ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 351.65 Td (costs, ) Tj ET Q q 0 0 0 rg BT 97.15 351.65 Td (the ) Tj ET Q q 0 0 0 rg BT 111.81 351.65 Td (ef) Tj ET Q q 0 0 0 rg BT 119.15 351.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 147.31 351.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.46 351.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 179.11 351.65 Td (would ) Tj ET Q q 0 0 0 rg BT 204.77 351.65 Td (have ) Tj ET Q q 0 0 0 rg BT 226.43 351.65 Td (been ) Tj ET Q q 0 0 0 rg BT 248.60 351.65 Td (25.5% ) Tj ET Q q 0 0 0 rg BT 276.26 351.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.41 351.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.42 351.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.56 351.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.59 351.65 Td (, ) Tj ET Q q 0 0 0 rg BT 324.23 351.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 366.40 351.65 Td (to ) Tj ET Q q 0 0 0 rg BT 376.05 351.65 Td (25.1% ) Tj ET Q q 0 0 0 rg BT 403.71 351.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.86 351.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.87 351.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.01 351.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.03 351.65 Td (. ) Tj ET Q q 0 0 0 rg BT 451.54 351.65 Td (The ) Tj ET Q q 0 0 0 rg BT 469.19 351.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 505.36 351.65 Td (in ) Tj ET Q q 0 0 0 rg BT 514.51 351.65 Td (the ) Tj ET Q q 0 0 0 rg BT 529.16 351.65 Td (ef) Tj ET Q q 0 0 0 rg BT 536.51 351.65 Td (fective ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 336.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 87.17 336.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 106.34 336.00 Td (was ) Tj ET Q q 0 0 0 rg BT 126.01 336.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 155.68 336.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 203.87 336.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.04 336.00 Td (less ) Tj ET Q q 0 0 0 rg BT 234.70 336.00 Td (non-taxable ) Tj ET Q q 0 0 0 rg BT 285.40 336.00 Td (R&D ) Tj ET Q q 0 0 0 rg BT 308.07 336.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.73 336.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 353.91 336.00 Td (in ) Tj ET Q q 0 0 0 rg BT 364.57 336.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.75 336.00 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 401.91 336.00 Td (partly ) Tj ET Q q 0 0 0 rg BT 427.58 336.00 Td (of) Tj ET Q q 0 0 0 rg BT 434.93 336.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 453.10 336.00 Td (by ) Tj ET Q q 0 0 0 rg BT 466.26 336.00 Td (a ) Tj ET Q q 0 0 0 rg BT 474.93 336.00 Td (dif) Tj ET Q q 0 0 0 rg BT 484.27 336.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 510.95 336.00 Td (geographical ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 320.35 Td (profitability ) Tj ET Q q 0 0 0 rg BT 117.02 320.35 Td (mix ) Tj ET Q q 0 0 0 rg BT 133.52 320.35 Td (mainly ) Tj ET Q q 0 0 0 rg BT 162.02 320.35 Td (within ) Tj ET Q q 0 0 0 rg BT 187.53 320.35 Td (our ) Tj ET Q q 0 0 0 rg BT 203.04 320.35 Td (France ) Tj ET Q q 0 0 0 rg BT 233.55 320.35 Td (and ) Tj ET Q q 0 0 0 rg BT 251.07 320.35 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 271.07 320.35 Td (operations.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 300.85 Td (During ) Tj ET Q q 0 0 0 rg BT 100.43 300.85 Td (the ) Tj ET Q q 0 0 0 rg BT 114.87 300.85 Td (quarter) Tj ET Q q 0 0 0 rg BT 142.89 300.85 Td (, ) Tj ET Q q 0 0 0 rg BT 147.31 300.85 Td (the ) Tj ET Q q 0 0 0 rg BT 161.74 300.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.18 300.85 Td (did ) Tj ET Q q 0 0 0 rg BT 216.11 300.85 Td (not ) Tj ET Q q 0 0 0 rg BT 230.55 300.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 269.49 300.85 Td (any ) Tj ET Q q 0 0 0 rg BT 285.93 300.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 309.97 300.85 Td (A) Tj ET Q q 0 0 0 rg BT 315.48 300.85 Td ( ) Tj ET Q q 0 0 0 rg BT 317.40 300.85 Td (subordinate ) Tj ET Q q 0 0 0 rg BT 366.35 300.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 392.29 300.85 Td (Shares ) Tj ET Q q 0 0 0 rg BT 422.73 300.85 Td (for ) Tj ET Q q 0 0 0 rg BT 435.16 300.85 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 484.61 300.85 Td (while ) Tj ET Q q 0 0 0 rg BT 507.04 300.85 Td (359,588 ) Tj ET Q q 0 0 0 rg BT 541.49 300.85 Td (stock ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 287.35 Td (options ) Tj ET Q q 0 0 0 rg BT 103.52 287.35 Td (were ) Tj ET Q q 0 0 0 rg BT 125.53 287.35 Td (exercised. ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.6.1. ) Tj ET Q q 0 0 0 rg BT 98.52 742.45 Td (Net ) Tj ET Q q 0 0 0 rg BT 115.52 742.45 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 156.53 742.45 Td (and ) Tj ET Q q 0 0 0 rg BT 175.03 742.45 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 216.04 742.45 Td (per ) Tj ET Q q 0 0 0 rg BT 232.55 742.45 Td (Share ) Tj ET Q q 0 0 0 rg BT 260.06 742.45 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 305.57 742.45 Td (Specific ) Tj ET Q q 0 0 0 rg BT 342.58 742.45 Td (Items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (Below ) Tj ET Q q 0 0 0 rg BT 98.89 725.95 Td (is ) Tj ET Q q 0 0 0 rg BT 107.76 725.95 Td (a ) Tj ET Q q 0 0 0 rg BT 115.15 725.95 Td (table ) Tj ET Q q 0 0 0 rg BT 137.04 725.95 Td (showing ) Tj ET Q q 0 0 0 rg BT 172.43 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 187.32 725.95 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 248.21 725.95 Td (comparison ) Tj ET Q q 0 0 0 rg BT 297.11 725.95 Td (excluding ) Tj ET Q q 0 0 0 rg BT 337.51 725.95 Td (specific ) Tj ET Q q 0 0 0 rg BT 369.90 725.95 Td (items, ) Tj ET Q q 0 0 0 rg BT 396.28 725.95 Td (namely ) Tj ET Q q 0 0 0 rg BT 427.67 725.95 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 503.08 725.95 Td (and ) Tj ET Q q 0 0 0 rg BT 520.48 725.95 Td (integration ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 712.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.51 712.45 Td (as ) Tj ET Q q 0 0 0 rg BT 107.51 712.45 Td (well ) Tj ET Q q 0 0 0 rg BT 125.52 712.45 Td (as ) Tj ET Q q 0 0 0 rg BT 137.52 712.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 190.04 712.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 213.55 712.45 Td (:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 701.95 258.00 -26.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 330.50 701.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 388.50 701.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 446.50 701.95 116.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 330.50 688.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 388.50 688.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 446.50 688.95 58.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 504.50 688.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 675.95 58.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 665.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 652.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 639.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 626.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 613.95 258.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 330.50 613.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 388.50 613.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 613.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 613.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 600.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 596.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 583.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 570.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 557.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 544.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 531.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 518.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 505.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 492.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 479.95 258.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 330.50 479.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 388.50 479.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 479.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 479.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 466.95 258.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 330.50 466.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 388.50 466.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 466.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 466.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 453.95 58.00 -4.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 449.95 258.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 330.50 449.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 388.50 449.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 449.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 449.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 436.95 258.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 330.50 436.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 388.50 436.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 446.50 436.95 58.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 504.50 436.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 423.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 419.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 406.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 402.95 58.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 381.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 377.95 58.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 356.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 352.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 339.95 58.00 -4.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 335.95 58.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 330.50 322.95 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 701.95 m 330.5 701.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 701.95 m 388.5 701.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 701.95 m 446.5 701.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 701.95 m 504.5 701.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 701.95 m 562.5 701.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 309.95 m 330.5 309.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 309.95 m 388.5 309.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 309.95 m 446.5 309.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 309.95 m 504.5 309.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 309.95 m 562.5 309.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 680.18 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 500.00 693.43 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 361.20 680.43 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 419.20 680.43 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 482.00 680.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 534.00 680.43 Td (%) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 668.35 Td (In thousands of CAD except for percentage and shares data) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 657.18 Td (Earnings before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.90 657.18 Td (337,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 657.18 Td (412,342) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 657.18 Td (\(74,760) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 657.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.95 657.18 Td (\(18.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 657.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 644.13 Td (Add back:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 631.18 Td (Acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.80 631.23 Td (5,302) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.70 631.18 Td (27,291) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 631.18 Td (\(21,989) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 631.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.95 631.18 Td (\(80.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 631.18 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 618.18 Td (Restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.30 618.18 Td (84,255) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.20 618.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 618.18 Td (84,255) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.20 618.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 605.18 Td (Earnings before income taxes excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.90 605.18 Td (427,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 605.18 Td (439,633) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 605.18 Td (\(12,494) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 605.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 605.18 Td (\(2.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 605.18 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 588.18 Td (Income tax expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.30 588.18 Td (85,668) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.70 588.18 Td (88,253) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 588.18 Td (\(2,585) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 588.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 588.18 Td (\(2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 588.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 575.13 Td (Effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 359.25 575.23 Td (25.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 374.85 575.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.55 575.13 Td (21.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 430.20 575.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 562.13 Td (Add back:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 549.18 Td (T) Tj ET Q q 0 0 0 rg BT 91.44 549.18 Td (ax deduction on acquisition-related and integration costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.80 549.23 Td (1,210) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.15 549.18 Td (3,467) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 549.18 Td (\(2,257) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 549.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.95 549.18 Td (\(65.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 549.18 Td (%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 536.13 Td (Impact on effective tax rate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.80 536.18 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 416.40 536.13 Td (\(0.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 430.20 536.13 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 523.18 Td (T) Tj ET Q q 0 0 0 rg BT 91.44 523.18 Td (ax deduction on restructuring costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.30 523.18 Td (21,871) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.20 523.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.30 523.18 Td (21,871) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.20 523.18 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 510.13 Td (Impact on effective tax rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 363.70 510.18 Td (0.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 374.85 510.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.20 510.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 497.18 Td (T) Tj ET Q q 0 0 0 rg BT 91.00 497.18 Td (ax adjustment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.80 497.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.70 497.18 Td (18,451) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 484.13 Td (Impact on effective tax rate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.80 484.18 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.05 484.13 Td (4.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 430.20 484.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 471.18 Td (Income tax expense excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.90 471.18 Td (108,749) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 471.18 Td (1) Tj ET Q q 0 0 0 rg BT 411.70 471.18 Td (10,171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 471.18 Td (\(1,422) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 471.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 471.18 Td (\(1.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 471.18 Td (%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 458.18 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.93 458.18 Td (fective tax rate excluding specific items) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 359.25 458.23 Td (25.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 374.85 458.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.55 458.13 Td (25.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 430.20 458.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 441.18 Td (Net earnings excluding specific items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.90 441.18 Td (318,390) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.25 441.18 Td (329,462) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.70 441.18 Td (\(1) Tj ET Q q 0 0 0 rg BT 476.81 441.18 Td (1,072) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.85 441.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 441.18 Td (\(3.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 441.18 Td (%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 87.00 428.18 Td (Net earnings excluding specific items margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 359.25 428.23 Td (10.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 374.85 428.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.55 428.13 Td (1) Tj ET Q q 0 0 0 rg BT 419.00 428.13 Td (1.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 430.20 428.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 411.18 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 411.18 Td (eighted average number of shares outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 394.43 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 394.43 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 394.43 Td ( subordinate voting shares and Class B multiple voting shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 386.43 Td (\(basic\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.75 390.43 Td (258,210,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.75 390.43 Td (268,135,727) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 390.43 Td (\(3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 390.43 Td (%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 369.43 Td (Class) Tj ET Q q 0 0 0 rg BT 103.01 369.43 Td (A) Tj ET Q q 0 0 0 rg BT 107.90 369.43 Td ( subordinate voting shares and Class B multiple voting shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 361.43 Td (\(diluted\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.75 365.43 Td (261,790,231) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.75 365.43 Td (273,090,564) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.40 365.43 Td (\(4.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 365.43 Td (%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 344.18 Td (Earnings per share excluding specific items \(in dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 327.43 Td (Basic EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.25 327.48 Td (1.23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.55 327.43 Td (1.23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.85 327.23 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.20 327.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.00 314.43 Td (Diluted EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.25 314.48 Td (1.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.55 314.43 Td (1.21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.25 314.23 Td (0.01) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.05 314.43 Td (0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.20 314.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (46) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.7. ) Tj ET Q q 0 0 0 rg BT 91.01 742.45 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 144.34 742.45 Td (TED ) Tj ET Q q 0 0 0 rg BT 164.84 742.45 Td (ST) Tj ET Q q 0 0 0 rg BT 175.68 742.45 Td (A) Tj ET Q q 0 0 0 rg BT 181.51 742.45 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 227.01 742.45 Td (OF ) Tj ET Q q 0 0 0 rg BT 242.01 742.45 Td (CASH ) Tj ET Q q 0 0 0 rg BT 270.01 742.45 Td (FLOWS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (As ) Tj ET Q q 0 0 0 rg BT 84.94 725.95 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.88 725.95 Td (September30, ) Tj ET Q q 0 0 0 rg BT 156.36 725.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.38 725.95 Td (, ) Tj ET Q q 0 0 0 rg BT 181.32 725.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.77 725.95 Td (and ) Tj ET Q q 0 0 0 rg BT 220.22 725.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.67 725.95 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 289.64 725.95 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.59 725.95 Td ($1,708.0 ) Tj ET Q q 0 0 0 rg BT 349.06 725.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.56 725.95 Td (. ) Tj ET Q q 0 0 0 rg BT 379.34 725.95 Td (The ) Tj ET Q q 0 0 0 rg BT 397.29 725.95 Td (following ) Tj ET Q q 0 0 0 rg BT 434.75 725.95 Td (table ) Tj ET Q q 0 0 0 rg BT 456.70 725.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 493.16 725.95 Td (a ) Tj ET Q q 0 0 0 rg BT 500.60 725.95 Td (summary ) Tj ET Q q 0 0 0 rg BT 540.04 725.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.98 725.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 712.45 Td (generation ) Tj ET Q q 0 0 0 rg BT 117.04 712.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.55 712.45 Td (use ) Tj ET Q q 0 0 0 rg BT 151.56 712.45 Td (of ) Tj ET Q q 0 0 0 rg BT 161.57 712.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 183.08 712.45 Td (and ) Tj ET Q q 0 0 0 rg BT 200.60 712.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 222.11 712.45 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 270.14 712.45 Td (for ) Tj ET Q q 0 0 0 rg BT 283.14 712.45 Td (the ) Tj ET Q q 0 0 0 rg BT 298.16 712.45 Td (quarters ) Tj ET Q q 0 0 0 rg BT 333.67 712.45 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.20 712.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 422.74 712.45 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.76 712.45 Td ( ) Tj ET Q q 0 0 0 rg BT 445.26 712.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.77 712.45 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.80 712.45 Td (.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 695.95 281.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 353.50 695.95 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 423.50 695.95 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 493.50 695.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 353.50 682.95 70.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 353.50 672.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 353.50 659.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 353.50 646.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 353.50 633.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 620.95 281.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 353.50 620.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 423.50 620.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 493.50 620.95 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 695.95 m 353.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 695.95 m 423.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 695.95 m 493.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 695.95 m 563.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 607.95 m 353.5 607.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 607.95 m 423.5 607.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 607.95 m 493.5 607.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 607.95 m 563.5 607.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 687.18 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 396.20 687.18 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 466.20 687.18 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 524.65 687.18 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 675.35 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 664.18 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.30 664.18 Td (492,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.30 664.18 Td (405,214) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.80 664.23 Td (86,786) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 651.18 Td (Cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.15 651.18 Td (\(67,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.30 651.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.15 651.18 Td (\(94,730) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.30 651.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.80 651.23 Td (26,734) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 638.18 Td (Cash used in financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.15 638.18 Td (\(90,724) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.30 638.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.70 638.23 Td (\(307,835) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.30 638.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.35 638.23 Td (217,1) Tj ET Q q 0 0 0 rg BT 545.37 638.23 Td (1) Tj ET Q q 0 0 0 rg BT 549.82 638.23 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 625.18 Td (Ef) Tj ET Q q 0 0 0 rg BT 82.41 625.18 Td (fect of foreign exchange rate changes on cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.25 625.23 Td (9,426) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.15 625.18 Td (\(13,969) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.30 625.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.80 625.23 Td (23,395) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 612.18 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.30 612.18 Td (342,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.15 612.18 Td (\(1) Tj ET Q q 0 0 0 rg BT 464.26 612.18 Td (1,320) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.30 612.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.35 612.23 Td (354,026) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 582.65 Td (5.7.1. ) Tj ET Q q 0 0 0 rg BT 98.52 582.65 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.03 582.65 Td (Provided ) Tj ET Q q 0 0 0 rg BT 164.04 582.65 Td (by ) Tj ET Q q 0 0 0 rg BT 177.04 582.65 Td (Operating ) Tj ET Q q 0 0 0 rg BT 221.71 582.65 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 566.15 Td (For ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 88.26 566.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 100.27 566.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.03 566.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 123.05 566.15 Td (, ) Tj ET Q q 0 0 0 rg BT 128.31 566.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.09 566.15 Td (provided ) Tj ET Q q 0 0 0 rg BT 187.37 566.15 Td (by ) Tj ET Q q 0 0 0 rg BT 199.64 566.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 239.93 566.15 Td (activities ) Tj ET Q q 0 0 0 rg BT 277.20 566.15 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.97 566.15 Td ($492.0 ) Tj ET Q q 0 0 0 rg BT 326.26 566.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.76 566.15 Td ( ) Tj ET Q q 0 0 0 rg BT 354.52 566.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 397.31 566.15 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.57 566.15 Td ($405.2 ) Tj ET Q q 0 0 0 rg BT 437.86 566.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.37 566.15 Td ( ) Tj ET Q q 0 0 0 rg BT 466.13 566.15 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.90 566.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.90 566.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.67 566.15 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.69 566.15 Td (, ) Tj ET Q q 0 0 0 rg BT 515.95 566.15 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.71 566.15 Td (16.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.23 566.15 Td ( ) Tj ET Q q 0 0 0 rg BT 554.99 566.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 552.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.02 552.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 149.55 552.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.55 552.65 Td (13.7%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.07 552.65 Td ( ) Tj ET Q q 0 0 0 rg BT 187.57 552.65 Td (last ) Tj ET Q q 0 0 0 rg BT 204.08 552.65 Td (year) Tj ET Q q 0 0 0 rg BT 221.09 552.65 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 538.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 538.85 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 538.85 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 538.85 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.06 538.85 Td (a ) Tj ET Q q 0 0 0 rg BT 193.57 538.85 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.07 538.85 Td (of ) Tj ET Q q 0 0 0 rg BT 243.08 538.85 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 538.85 Td (generation ) Tj ET Q q 0 0 0 rg BT 303.13 538.85 Td (and ) Tj ET Q q 0 0 0 rg BT 320.64 538.85 Td (use ) Tj ET Q q 0 0 0 rg BT 337.65 538.85 Td (of ) Tj ET Q q 0 0 0 rg BT 347.66 538.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.17 538.85 Td (from ) Tj ET Q q 0 0 0 rg BT 389.67 538.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 429.70 538.85 Td (activities.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 528.05 280.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 352.50 528.05 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 422.50 528.05 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 492.50 528.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 515.05 70.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 505.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 492.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 479.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 466.05 70.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 445.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 432.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 419.05 70.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 398.05 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 385.05 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 372.05 280.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 352.50 372.05 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 422.50 372.05 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 492.50 372.05 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 528.05 m 352.5 528.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 528.05 m 422.5 528.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 528.05 m 492.5 528.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 528.05 m 562.5 528.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 359.05 m 352.5 359.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.05 m 422.5 359.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 359.05 m 492.5 359.05 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.05 m 562.5 359.05 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 519.28 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 395.20 519.28 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 465.20 519.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 519.28 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 507.45 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 496.53 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.90 496.53 Td (251,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.90 496.53 Td (324,089) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.70 496.53 Td (\(72,175) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.85 496.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 483.53 Td (Amortization, depreciation and impairment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.90 483.53 Td (152,459) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 483.53 Td (97,155) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 483.58 Td (55,304) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 470.53 Td (Other adjustments ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 142.59 474.34 Td (1) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 384.3 469.80820312500003 m 408.76875 469.80820312500003 l s q 0 0 0 rg BT 384.30 471.08 Td (22,957) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 458.8 469.53515625 m 478.81953125 469.53515625 l s q 0 0 0 rg BT 458.80 470.68 Td (6,971) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 530.35 469.80820312500003 m 554.81875 469.80820312500003 l s q 0 0 0 rg BT 530.35 471.08 Td (15,986) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 457.53 Td (Cash flow from operating activities before net change in non-cash) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 449.53 Td (working capital items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.90 453.53 Td (427,330) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.90 453.53 Td (428,215) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.80 453.58 Td (\(885) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.85 453.53 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 436.48 Td (Net change in non-cash working capital items:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 423.53 Td (Accounts receivable, work in progress and deferred revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.90 423.53 Td (151,583) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 423.53 Td (74,308) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 423.58 Td (77,275) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 410.53 Td (Accounts payable and accrued liabilities, accrued compensation,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 402.53 Td (provisions and long-term liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.70 406.53 Td (\(14,054) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.85 406.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 406.53 Td (\(63,567) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.85 406.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 406.58 Td (49,513) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.00 389.53 Td (Other ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 109.23 393.34 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.70 389.53 Td (\(72,859) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.85 389.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 389.53 Td (\(33,742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.85 389.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.70 389.53 Td (\(39,1) Tj ET Q q 0 0 0 rg BT 545.93 389.53 Td (17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.85 389.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 376.53 Td (Net change in non-cash working capital items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.30 376.53 Td (64,670) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.70 376.53 Td (\(23,001) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.85 376.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 376.58 Td (87,671) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 363.53 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.90 363.53 Td (492,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.90 363.53 Td (405,214) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.35 363.58 Td (86,786) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 350.59 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.53 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.03 347.25 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.50 347.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 113.95 347.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 153.64 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.70 347.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 199.93 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.72 347.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 235.73 347.25 Td (income ) Tj ET Q q 0 0 0 rg BT 260.24 347.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 280.86 347.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 304.21 347.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 336.52 347.25 Td (\(gain\) ) Tj ET Q q 0 0 0 rg BT 356.36 347.25 Td (loss, ) Tj ET Q q 0 0 0 rg BT 372.70 347.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 387.09 347.25 Td (on ) Tj ET Q q 0 0 0 rg BT 396.82 347.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 411.61 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.39 347.25 Td (business ) Tj ET Q q 0 0 0 rg BT 448.96 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.58 347.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 503.44 347.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 532.24 347.25 Td (costs.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 341.89 Td (2 ) Tj ET Q BT /F2 4.55 Tf ET q 0 0 0 rg BT 76.50 341.89 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 77.76 338.55 Td ( ) Tj ET Q q 0 0 0 rg BT 94.50 338.55 Td (Comprised ) Tj ET Q q 0 0 0 rg BT 130.13 338.55 Td (of ) Tj ET Q q 0 0 0 rg BT 137.74 338.55 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 162.88 338.55 Td (expenses ) Tj ET Q q 0 0 0 rg BT 194.62 338.55 Td (and ) Tj ET Q q 0 0 0 rg BT 208.08 338.55 Td (other ) Tj ET Q q 0 0 0 rg BT 225.82 338.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 249.77 338.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 281.12 338.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.58 338.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 332.54 338.55 Td (retirement ) Tj ET Q q 0 0 0 rg BT 365.83 338.55 Td (benefits ) Tj ET Q q 0 0 0 rg BT 392.13 338.55 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 429.32 338.55 Td (derivative ) Tj ET Q q 0 0 0 rg BT 461.06 338.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.53 338.55 Td (instruments ) Tj ET Q q 0 0 0 rg BT 526.49 338.55 Td (and ) Tj ET Q q 0 0 0 rg BT 539.95 338.55 Td (income ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 94.50 330.15 Td (taxes.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 313.65 Td (For ) Tj ET Q q 0 0 0 rg BT 88.22 313.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.46 313.65 Td (three ) Tj ET Q q 0 0 0 rg BT 126.69 313.65 Td (months ) Tj ET Q q 0 0 0 rg BT 158.93 313.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 186.68 313.65 Td (September ) Tj ET Q q 0 0 0 rg BT 233.43 313.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 248.66 313.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.68 313.65 Td (, ) Tj ET Q q 0 0 0 rg BT 273.90 313.65 Td (the ) Tj ET Q q 0 0 0 rg BT 289.14 313.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 325.88 313.65 Td (in ) Tj ET Q q 0 0 0 rg BT 335.61 313.65 Td (our ) Tj ET Q q 0 0 0 rg BT 351.34 313.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.07 313.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 410.32 313.65 Td (by ) Tj ET Q q 0 0 0 rg BT 422.54 313.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 462.80 313.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 500.03 313.65 Td (was ) Tj ET Q q 0 0 0 rg BT 518.76 313.65 Td (mostly ) Tj ET Q q 0 0 0 rg BT 547.48 313.65 Td (due ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 300.15 Td (to ) Tj ET Q q 0 0 0 rg BT 81.35 300.15 Td (the ) Tj ET Q q 0 0 0 rg BT 95.71 300.15 Td (timing ) Tj ET Q q 0 0 0 rg BT 121.56 300.15 Td (of ) Tj ET Q q 0 0 0 rg BT 130.91 300.15 Td (collection ) Tj ET Q q 0 0 0 rg BT 170.27 300.15 Td (of ) Tj ET Q q 0 0 0 rg BT 179.63 300.15 Td (receivables ) Tj ET Q q 0 0 0 rg BT 226.99 300.15 Td (and ) Tj ET Q q 0 0 0 rg BT 243.85 300.15 Td (the ) Tj ET Q q 0 0 0 rg BT 258.21 300.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 286.56 300.15 Td (of ) Tj ET Q q 0 0 0 rg BT 295.91 300.15 Td ($36.4 ) Tj ET Q q 0 0 0 rg BT 320.28 300.15 Td (million ) Tj ET Q q 0 0 0 rg BT 347.63 300.15 Td (coming ) Tj ET Q q 0 0 0 rg BT 378.49 300.15 Td (from ) Tj ET Q q 0 0 0 rg BT 398.33 300.15 Td (the ) Tj ET Q q 0 0 0 rg BT 412.69 300.15 Td (change ) Tj ET Q q 0 0 0 rg BT 444.06 300.15 Td (in ) Tj ET Q q 0 0 0 rg BT 452.91 300.15 Td (presentation ) Tj ET Q q 0 0 0 rg BT 504.29 300.15 Td (of ) Tj ET Q q 0 0 0 rg BT 513.64 300.15 Td (the ) Tj ET Q q 0 0 0 rg BT 528.00 300.15 Td (payment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 286.65 Td (of ) Tj ET Q q 0 0 0 rg BT 82.37 286.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 111.26 286.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 148.14 286.65 Td (from ) Tj ET Q q 0 0 0 rg BT 169.01 286.65 Td (the ) Tj ET Q q 0 0 0 rg BT 184.39 286.65 Td (adoption ) Tj ET Q q 0 0 0 rg BT 221.79 286.65 Td (of ) Tj ET Q q 0 0 0 rg BT 232.17 286.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 255.53 286.65 Td (16. ) Tj ET Q q 0 0 0 rg BT 270.73 286.65 Td (This ) Tj ET Q q 0 0 0 rg BT 290.60 286.65 Td (was ) Tj ET Q q 0 0 0 rg BT 309.47 286.65 Td (partially ) Tj ET Q q 0 0 0 rg BT 343.35 286.65 Td (of) Tj ET Q q 0 0 0 rg BT 350.69 286.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 368.07 286.65 Td (by ) Tj ET Q q 0 0 0 rg BT 380.44 286.65 Td (repayments ) Tj ET Q q 0 0 0 rg BT 430.33 286.65 Td (of ) Tj ET Q q 0 0 0 rg BT 440.71 286.65 Td (government ) Tj ET Q q 0 0 0 rg BT 491.10 286.65 Td (deferral ) Tj ET Q q 0 0 0 rg BT 524.49 286.65 Td (programs ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 273.15 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 273.15 Td (the ) Tj ET Q q 0 0 0 rg BT 104.53 273.15 Td (timing ) Tj ET Q q 0 0 0 rg BT 131.04 273.15 Td (of ) Tj ET Q q 0 0 0 rg BT 141.04 273.15 Td (income ) Tj ET Q q 0 0 0 rg BT 172.56 273.15 Td (tax ) Tj ET Q q 0 0 0 rg BT 187.06 273.15 Td (payments.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 256.65 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 256.65 Td (timing ) Tj ET Q q 0 0 0 rg BT 116.52 256.65 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 256.65 Td (our ) Tj ET Q q 0 0 0 rg BT 142.03 256.65 Td (working ) Tj ET Q q 0 0 0 rg BT 175.54 256.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.06 256.65 Td (inflows ) Tj ET Q q 0 0 0 rg BT 234.07 256.65 Td (and ) Tj ET Q q 0 0 0 rg BT 251.59 256.65 Td (outflows ) Tj ET Q q 0 0 0 rg BT 287.10 256.65 Td (will ) Tj ET Q q 0 0 0 rg BT 302.10 256.65 Td (always ) Tj ET Q q 0 0 0 rg BT 332.11 256.65 Td (have ) Tj ET Q q 0 0 0 rg BT 354.13 256.65 Td (an ) Tj ET Q q 0 0 0 rg BT 366.64 256.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.65 256.65 Td (on ) Tj ET Q q 0 0 0 rg BT 408.16 256.65 Td (the ) Tj ET Q q 0 0 0 rg BT 423.17 256.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.68 256.65 Td (flow ) Tj ET Q q 0 0 0 rg BT 463.19 256.65 Td (from ) Tj ET Q q 0 0 0 rg BT 483.69 256.65 Td (operations.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (47) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 742.45 Td (5.7.2. ) Tj ET Q q 0 0 0 rg BT 98.52 742.45 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.03 742.45 Td (Used ) Tj ET Q q 0 0 0 rg BT 147.53 742.45 Td (in ) Tj ET Q q 0 0 0 rg BT 158.03 742.45 Td (Investing ) Tj ET Q q 0 0 0 rg BT 199.71 742.45 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 725.95 Td (For ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 88.00 725.95 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 100.01 725.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.51 725.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.53 725.95 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 127.53 725.95 Td ($68.0 ) Tj ET Q q 0 0 0 rg BT 152.55 725.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.06 725.95 Td ( ) Tj ET Q q 0 0 0 rg BT 180.56 725.95 Td (was ) Tj ET Q q 0 0 0 rg BT 199.06 725.95 Td (used ) Tj ET Q q 0 0 0 rg BT 221.08 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 230.59 725.95 Td (investing ) Tj ET Q q 0 0 0 rg BT 268.61 725.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 305.62 725.95 Td (while ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.63 725.95 Td ($94.7 ) Tj ET Q q 0 0 0 rg BT 353.65 725.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.16 725.95 Td ( ) Tj ET Q q 0 0 0 rg BT 381.66 725.95 Td (was ) Tj ET Q q 0 0 0 rg BT 400.16 725.95 Td (used ) Tj ET Q q 0 0 0 rg BT 422.18 725.95 Td (in ) Tj ET Q q 0 0 0 rg BT 431.68 725.95 Td (the ) Tj ET Q q 0 0 0 rg BT 446.70 725.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 467.20 725.95 Td (year) Tj ET Q q 0 0 0 rg BT 484.21 725.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 706.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 706.45 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 706.45 Td (table ) Tj ET Q q 0 0 0 rg BT 149.55 706.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 186.06 706.45 Td (a ) Tj ET Q q 0 0 0 rg BT 193.57 706.45 Td (summary ) Tj ET Q q 0 0 0 rg BT 233.07 706.45 Td (of ) Tj ET Q q 0 0 0 rg BT 243.08 706.45 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 706.45 Td (generation ) Tj ET Q q 0 0 0 rg BT 303.13 706.45 Td (and ) Tj ET Q q 0 0 0 rg BT 320.64 706.45 Td (use ) Tj ET Q q 0 0 0 rg BT 337.65 706.45 Td (of ) Tj ET Q q 0 0 0 rg BT 347.66 706.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.17 706.45 Td (from ) Tj ET Q q 0 0 0 rg BT 389.67 706.45 Td (investing ) Tj ET Q q 0 0 0 rg BT 427.69 706.45 Td (activities:) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 695.95 280.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 352.50 695.95 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 422.50 695.95 70.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 492.50 695.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 682.95 70.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 672.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 659.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 646.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 633.95 70.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 352.50 620.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 607.95 280.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 352.50 607.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 422.50 607.95 70.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 492.50 607.95 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 695.95 m 352.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 695.95 m 422.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 695.95 m 492.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 695.95 m 562.5 695.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 594.95 m 352.5 594.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 594.95 m 422.5 594.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 594.95 m 492.5 594.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 594.95 m 562.5 594.95 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 687.18 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 395.20 687.18 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 465.20 687.18 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.65 687.18 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 675.35 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 664.43 Td (Business acquisitions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.25 664.48 Td (7,083) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 664.43 Td (\(14,876) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 664.43 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.80 664.48 Td (21,959) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 651.18 Td (Purchase of property) Tj ET Q q 0 0 0 rg BT 148.96 651.18 Td (, plant and equipment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 651.18 Td (\(31,513) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 651.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 651.18 Td (\(41,592) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 651.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.80 651.23 Td (10,079) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 638.18 Td (Additions to contract costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 638.18 Td (\(19,166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 638.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 638.18 Td (\(12,679) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 638.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 638.23 Td (\(6,487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 638.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 625.18 Td (Additions to intangible assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 625.18 Td (\(29,410) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 625.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 625.18 Td (\(26,421) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 625.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 625.23 Td (\(2,989) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.30 625.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 612.18 Td (Net change in short-term investments and purchase of long-term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.25 612.23 Td (5,010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.95 612.23 Td (838) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 612.23 Td (4,172) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 599.18 Td (Cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 599.18 Td (\(67,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.30 599.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 599.18 Td (\(94,730) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.30 599.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.80 599.23 Td (26,734) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.39 572.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 130.29 572.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 140.68 572.95 Td ($26.7 ) Tj ET Q q 0 0 0 rg BT 166.08 572.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.59 572.95 Td ( ) Tj ET Q q 0 0 0 rg BT 194.47 572.95 Td (in ) Tj ET Q q 0 0 0 rg BT 204.35 572.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.24 572.95 Td (used ) Tj ET Q q 0 0 0 rg BT 248.64 572.95 Td (in ) Tj ET Q q 0 0 0 rg BT 258.53 572.95 Td (investing ) Tj ET Q q 0 0 0 rg BT 296.93 572.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 334.32 572.95 Td (during ) Tj ET Q q 0 0 0 rg BT 362.22 572.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.61 572.95 Td (three ) Tj ET Q q 0 0 0 rg BT 401.00 572.95 Td (months ) Tj ET Q q 0 0 0 rg BT 433.40 572.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 461.30 572.95 Td (September ) Tj ET Q q 0 0 0 rg BT 508.21 572.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 523.60 572.95 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.62 572.95 Td ( ) Tj ET Q q 0 0 0 rg BT 546.50 572.95 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 559.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 99.52 559.45 Td (due ) Tj ET Q q 0 0 0 rg BT 116.05 559.45 Td (to ) Tj ET Q q 0 0 0 rg BT 125.07 559.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.09 559.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 177.63 559.45 Td (in ) Tj ET Q q 0 0 0 rg BT 186.15 559.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.67 559.45 Td (used ) Tj ET Q q 0 0 0 rg BT 227.70 559.45 Td (for ) Tj ET Q q 0 0 0 rg BT 239.71 559.45 Td (business ) Tj ET Q q 0 0 0 rg BT 276.75 559.45 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 327.79 559.45 Td (as ) Tj ET Q q 0 0 0 rg BT 338.80 559.45 Td (well ) Tj ET Q q 0 0 0 rg BT 355.82 559.45 Td (as ) Tj ET Q q 0 0 0 rg BT 366.84 559.45 Td (a ) Tj ET Q q 0 0 0 rg BT 373.36 559.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 411.89 559.45 Td (of ) Tj ET Q q 0 0 0 rg BT 420.91 559.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 470.44 559.45 Td (in ) Tj ET Q q 0 0 0 rg BT 478.96 559.45 Td (computer ) Tj ET Q q 0 0 0 rg BT 517.99 559.45 Td (equipment. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 545.95 Td (This ) Tj ET Q q 0 0 0 rg BT 91.50 545.95 Td (was ) Tj ET Q q 0 0 0 rg BT 110.01 545.95 Td (partially ) Tj ET Q q 0 0 0 rg BT 143.52 545.95 Td (of) Tj ET Q q 0 0 0 rg BT 150.86 545.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 167.87 545.95 Td (by ) Tj ET Q q 0 0 0 rg BT 179.88 545.95 Td (an ) Tj ET Q q 0 0 0 rg BT 192.39 545.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 228.91 545.95 Td (in ) Tj ET Q q 0 0 0 rg BT 238.41 545.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.92 545.95 Td (used ) Tj ET Q q 0 0 0 rg BT 281.94 545.95 Td (in ) Tj ET Q q 0 0 0 rg BT 291.45 545.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 325.96 545.95 Td (costs.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 520.15 Td (5.7.3. ) Tj ET Q q 0 0 0 rg BT 98.52 520.15 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.03 520.15 Td (Used ) Tj ET Q q 0 0 0 rg BT 147.53 520.15 Td (in ) Tj ET Q q 0 0 0 rg BT 158.03 520.15 Td (Financing ) Tj ET Q q 0 0 0 rg BT 202.70 520.15 Td (Activities) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 76.00 506.65 291.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 367.00 506.65 65.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 432.00 506.65 65.00 -13.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 497.00 506.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 493.65 65.00 -10.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 483.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 470.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 457.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 444.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 431.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 418.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 405.65 65.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 367.00 392.65 65.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 76.00 379.65 291.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 367.00 379.65 65.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 432.00 379.65 65.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 497.00 379.65 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76 506.65 m 367 506.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367 506.65 m 432 506.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432 506.65 m 497 506.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497 506.65 m 562 506.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76 366.65 m 367 366.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367 366.65 m 432 366.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432 366.65 m 497 366.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497 366.65 m 562 366.65 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 78.50 497.88 Td (For the three months ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 404.70 497.88 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 469.70 497.88 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 523.15 497.88 Td (Change) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 78.50 486.05 Td (In thousands of CAD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 474.88 Td (Net change in unsecured committed revolving credit facility) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.30 474.88 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.65 474.88 Td (\(95,1) Tj ET Q q 0 0 0 rg BT 478.88 474.88 Td (19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 474.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.30 474.93 Td (95,120) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 461.88 Td (Payment of lease liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 461.88 Td (\(39,820) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.80 461.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.75 461.88 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.65 461.88 Td (\(39,820) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.80 461.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 448.88 Td (Net change in long-term debt) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 395.65 448.158203125 m 422.7828125 448.158203125 l s q 0 0 0 rg BT 395.65 449.43 Td (\(57,613) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 422.8 448.158203125 m 425.4640625 448.158203125 l s q 0 0 0 rg BT 422.80 449.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 456.2 447.88515624999997 m 487.78203125 447.88515624999997 l s q 0 0 0 rg BT 456.20 449.03 Td (\(123,446) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 487.8 447.88515624999997 m 490.4640625 447.88515624999997 l s q 0 0 0 rg BT 487.80 449.03 Td (\)) Tj ET Q BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 528.3 448.158203125 m 552.76875 448.158203125 l s q 0 0 0 rg BT 528.30 449.43 Td (65,833) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 435.88 Td (\(97,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.80 435.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 435.93 Td (\(218,565) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 435.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.85 435.93 Td (121,133) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 422.88 Td (Repayment of debt assumed in a business acquisition) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.20 422.93 Td (\(38) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.80 422.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 422.93 Td (\(767) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 422.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.45 422.93 Td (729) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 409.88 Td (Settlement of derivative financial instruments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.05 409.88 Td (\(3,903) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.80 409.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.75 409.93 Td (1,380) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 409.93 Td (\(5,283) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.80 409.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 396.88 Td (Purchase and cancellation of Class) Tj ET Q q 0 0 0 rg BT 205.46 396.88 Td (A) Tj ET Q q 0 0 0 rg BT 210.36 396.88 Td ( subordinate voting shares held in trusts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.75 396.88 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 396.93 Td (\(106,143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 396.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.85 396.93 Td (106,143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.50 383.88 Td (Issuance of Class) Tj ET Q q 0 0 0 rg BT 143.42 383.88 Td (A) Tj ET Q q 0 0 0 rg BT 148.32 383.88 Td ( subordinate voting shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.30 383.93 Td (10,649) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 383.93 Td (16,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 383.93 Td (\(5,61) Tj ET Q q 0 0 0 rg BT 548.33 383.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.80 383.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 78.50 370.88 Td (Cash used in financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.65 370.88 Td (\(90,724) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.80 370.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 370.93 Td (\(307,835) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 370.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.85 370.93 Td (217,1) Tj ET Q q 0 0 0 rg BT 543.87 370.93 Td (1) Tj ET Q q 0 0 0 rg BT 548.32 370.93 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 350.65 Td (During ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 100.85 350.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 112.85 350.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 115.19 350.65 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 135.21 350.65 Td (, ) Tj ET Q q 0 0 0 rg BT 140.05 350.65 Td (we ) Tj ET Q q 0 0 0 rg BT 153.89 350.65 Td (used ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.75 350.65 Td ($57.6million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.27 350.65 Td ( ) Tj ET Q q 0 0 0 rg BT 228.61 350.65 Td (to ) Tj ET Q q 0 0 0 rg BT 238.45 350.65 Td (reduce ) Tj ET Q q 0 0 0 rg BT 268.31 350.65 Td (our ) Tj ET Q q 0 0 0 rg BT 283.65 350.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 332.53 350.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 372.88 350.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 392.73 350.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 421.08 350.65 Td (driven ) Tj ET Q q 0 0 0 rg BT 447.93 350.65 Td (by ) Tj ET Q q 0 0 0 rg BT 459.77 350.65 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 503.14 350.65 Td (repayments ) Tj ET Q q 0 0 0 rg BT 552.49 350.65 Td (on ) Tj ET Q q 0 0 0 rg BT 565.01 350.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 337.15 Td (Senior ) Tj ET Q q 0 0 0 rg BT 100.88 337.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 145.77 337.15 Td (notes ) Tj ET Q q 0 0 0 rg BT 170.65 337.15 Td (in ) Tj ET Q q 0 0 0 rg BT 180.51 337.15 Td (the ) Tj ET Q q 0 0 0 rg BT 195.89 337.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.77 337.15 Td (of ) Tj ET Q q 0 0 0 rg BT 239.14 337.15 Td ($65.9 ) Tj ET Q q 0 0 0 rg BT 264.52 337.15 Td (million, ) Tj ET Q q 0 0 0 rg BT 295.39 337.15 Td (and ) Tj ET Q q 0 0 0 rg BT 313.27 337.15 Td (we ) Tj ET Q q 0 0 0 rg BT 327.63 337.15 Td (paid ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.51 337.15 Td ($39.8 ) Tj ET Q q 0 0 0 rg BT 372.89 337.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.40 337.15 Td ( ) Tj ET Q q 0 0 0 rg BT 401.26 337.15 Td (of ) Tj ET Q q 0 0 0 rg BT 411.63 337.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 436.01 337.15 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 475.38 337.15 Td (of ) Tj ET Q q 0 0 0 rg BT 485.75 337.15 Td (which ) Tj ET Q q 0 0 0 rg BT 511.62 337.15 Td ($36.4 ) Tj ET Q q 0 0 0 rg BT 537.00 337.15 Td (million ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 323.65 Td (were ) Tj ET Q q 0 0 0 rg BT 94.17 323.65 Td (related ) Tj ET Q q 0 0 0 rg BT 124.35 323.65 Td (to ) Tj ET Q q 0 0 0 rg BT 134.51 323.65 Td (the ) Tj ET Q q 0 0 0 rg BT 149.69 323.65 Td (adoption ) Tj ET Q q 0 0 0 rg BT 186.88 323.65 Td (of ) Tj ET Q q 0 0 0 rg BT 197.04 323.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 220.21 323.65 Td (16. ) Tj ET Q q 0 0 0 rg BT 235.38 323.65 Td (During ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.55 323.65 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.56 323.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.22 323.65 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.24 323.65 Td (, ) Tj ET Q q 0 0 0 rg BT 304.40 323.65 Td (we ) Tj ET Q q 0 0 0 rg BT 318.57 323.65 Td (used ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.74 323.65 Td ($123.4 ) Tj ET Q q 0 0 0 rg BT 370.93 323.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.44 323.65 Td ( ) Tj ET Q q 0 0 0 rg BT 399.10 323.65 Td (to ) Tj ET Q q 0 0 0 rg BT 409.26 323.65 Td (reduce ) Tj ET Q q 0 0 0 rg BT 439.44 323.65 Td (our ) Tj ET Q q 0 0 0 rg BT 455.11 323.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 504.31 323.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 544.98 323.65 Td (debt ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 310.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 99.76 310.15 Td (driven ) Tj ET Q q 0 0 0 rg BT 126.03 310.15 Td (by ) Tj ET Q q 0 0 0 rg BT 137.30 310.15 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 180.08 310.15 Td (repayments ) Tj ET Q q 0 0 0 rg BT 228.86 310.15 Td (on ) Tj ET Q q 0 0 0 rg BT 240.63 310.15 Td (Senior ) Tj ET Q q 0 0 0 rg BT 268.40 310.15 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 312.19 310.15 Td (notes ) Tj ET Q q 0 0 0 rg BT 335.96 310.15 Td (in ) Tj ET Q q 0 0 0 rg BT 344.72 310.15 Td (the ) Tj ET Q q 0 0 0 rg BT 358.99 310.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.77 310.15 Td (of ) Tj ET Q q 0 0 0 rg BT 400.03 310.15 Td ($1) Tj ET Q q 0 0 0 rg BT 409.37 310.15 Td (19.2 ) Tj ET Q q 0 0 0 rg BT 428.65 310.15 Td (million ) Tj ET Q q 0 0 0 rg BT 455.91 310.15 Td (and ) Tj ET Q q 0 0 0 rg BT 472.68 310.15 Td (we ) Tj ET Q q 0 0 0 rg BT 485.94 310.15 Td (repaid ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.72 310.15 Td ($95.1 ) Tj ET Q q 0 0 0 rg BT 537.00 310.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 296.65 Td (on ) Tj ET Q q 0 0 0 rg BT 84.51 296.65 Td (the ) Tj ET Q q 0 0 0 rg BT 99.52 296.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 146.76 296.65 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 191.29 296.65 Td (committed ) Tj ET Q q 0 0 0 rg BT 235.30 296.65 Td (revolving ) Tj ET Q q 0 0 0 rg BT 273.82 296.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 298.33 296.65 Td (facility) Tj ET Q q 0 0 0 rg BT 322.66 296.65 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 280.15 Td (During ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.31 280.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.32 280.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 116.12 280.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.14 280.15 Td (, ) Tj ET Q q 0 0 0 rg BT 141.44 280.15 Td (we ) Tj ET Q q 0 0 0 rg BT 155.75 280.15 Td (did ) Tj ET Q q 0 0 0 rg BT 170.56 280.15 Td (not ) Tj ET Q q 0 0 0 rg BT 185.87 280.15 Td (purchase ) Tj ET Q q 0 0 0 rg BT 225.70 280.15 Td (Class ) Tj ET Q q 0 0 0 rg BT 250.44 280.15 Td (A) Tj ET Q q 0 0 0 rg BT 255.95 280.15 Td ( ) Tj ET Q q 0 0 0 rg BT 258.75 280.15 Td (Shares ) Tj ET Q q 0 0 0 rg BT 290.07 280.15 Td (for ) Tj ET Q q 0 0 0 rg BT 303.37 280.15 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 353.70 280.15 Td (under ) Tj ET Q q 0 0 0 rg BT 379.52 280.15 Td (the ) Tj ET Q q 0 0 0 rg BT 394.84 280.15 Td (NCIB, ) Tj ET Q q 0 0 0 rg BT 421.64 280.15 Td (while ) Tj ET Q q 0 0 0 rg BT 444.95 280.15 Td (for ) Tj ET Q q 0 0 0 rg BT 458.25 280.15 Td (the ) Tj ET Q q 0 0 0 rg BT 473.57 280.15 Td (same ) Tj ET Q q 0 0 0 rg BT 498.37 280.15 Td (period ) Tj ET Q q 0 0 0 rg BT 526.19 280.15 Td (last ) Tj ET Q q 0 0 0 rg BT 543.00 280.15 Td (year) Tj ET Q q 0 0 0 rg BT 560.01 280.15 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 266.65 Td (we ) Tj ET Q q 0 0 0 rg BT 86.01 266.65 Td (used ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 108.02 266.65 Td ($106.1million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.56 266.65 Td ( ) Tj ET Q q 0 0 0 rg BT 166.06 266.65 Td (to ) Tj ET Q q 0 0 0 rg BT 176.06 266.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 215.59 266.65 Td (Class ) Tj ET Q q 0 0 0 rg BT 240.10 266.65 Td (A) Tj ET Q q 0 0 0 rg BT 245.60 266.65 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 266.65 Td (Shares ) Tj ET Q q 0 0 0 rg BT 279.12 266.65 Td (for ) Tj ET Q q 0 0 0 rg BT 292.12 266.65 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 342.15 266.65 Td (under ) Tj ET Q q 0 0 0 rg BT 367.67 266.65 Td (the ) Tj ET Q q 0 0 0 rg BT 382.68 266.65 Td (NCIB.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 250.15 Td (In ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 82.21 250.15 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.22 250.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 96.93 250.15 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 116.95 250.15 Td (, ) Tj ET Q q 0 0 0 rg BT 122.16 250.15 Td (we ) Tj ET Q q 0 0 0 rg BT 136.37 250.15 Td (received ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 173.10 250.15 Td ($10.6million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.63 250.15 Td ( ) Tj ET Q q 0 0 0 rg BT 226.33 250.15 Td (in ) Tj ET Q q 0 0 0 rg BT 236.05 250.15 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 275.78 250.15 Td (from ) Tj ET Q q 0 0 0 rg BT 296.49 250.15 Td (the ) Tj ET Q q 0 0 0 rg BT 311.71 250.15 Td (exercise ) Tj ET Q q 0 0 0 rg BT 347.93 250.15 Td (of ) Tj ET Q q 0 0 0 rg BT 358.14 250.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 381.85 250.15 Td (options, ) Tj ET Q q 0 0 0 rg BT 416.08 250.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 458.81 250.15 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.03 250.15 Td ($16.3million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.55 250.15 Td ( ) Tj ET Q q 0 0 0 rg BT 522.26 250.15 Td (during ) Tj ET Q q 0 0 0 rg BT 549.99 250.15 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 236.65 Td (same ) Tj ET Q q 0 0 0 rg BT 96.51 236.65 Td (period ) Tj ET Q q 0 0 0 rg BT 124.03 236.65 Td (last ) Tj ET Q q 0 0 0 rg BT 140.53 236.65 Td (year) Tj ET Q q 0 0 0 rg BT 157.54 236.65 Td (.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (48) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (6. ) Tj ET Q q 0 0 0 rg BT 85.50 740.30 Td (Eight Quarter Summary \(Unaudited\)) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 729.8 m 57.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 725.8 m 57.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 725.8 m 142.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 725.8 m 228.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 725.8 m 337.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 725.8 m 475.5 725.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 725.8 m 561.5 725.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 725.8 m 57.5 721.8 l s BT /F1 10.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 71.75 709.80 175.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 246.75 709.80 38.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 284.75 709.80 39.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 323.75 709.80 39.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 362.75 709.80 39.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 401.75 709.80 39.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 440.75 709.80 39.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 479.75 709.80 41.00 -23.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 520.75 709.80 41.00 -23.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 676.80 175.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 246.75 676.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 284.75 676.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 323.75 676.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 362.75 676.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 401.75 676.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.75 676.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 479.75 676.80 41.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 520.75 676.80 41.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 663.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 650.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 637.80 38.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 616.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 603.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 590.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 577.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 564.80 175.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 246.75 564.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 284.75 564.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 323.75 564.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 362.75 564.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 401.75 564.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.75 564.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 479.75 564.80 41.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 520.75 564.80 41.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 551.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 538.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 525.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 512.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 499.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 486.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 473.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 460.80 38.00 -24.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 436.80 175.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 246.75 436.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 284.75 436.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 323.75 436.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 362.75 436.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 401.75 436.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.75 436.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 479.75 436.80 41.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 520.75 436.80 41.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 423.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 410.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 397.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 384.80 175.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 246.75 384.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 284.75 384.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 323.75 384.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 362.75 384.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 401.75 384.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.75 384.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 479.75 384.80 41.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 520.75 384.80 41.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 371.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 358.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 345.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 332.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 71.75 319.80 175.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 246.75 319.80 38.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 284.75 319.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 323.75 319.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 362.75 319.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 401.75 319.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.75 319.80 39.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 479.75 319.80 41.00 -13.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 520.75 319.80 41.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 306.80 38.00 -21.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 285.80 38.00 -13.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 246.75 272.80 38.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 709.8 m 246.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.75 709.8 m 284.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 284.75 709.8 m 323.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.75 709.8 m 362.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 362.75 709.8 m 401.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.75 709.8 m 440.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 709.8 m 479.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479.75 709.8 m 520.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.75 709.8 m 561.75 709.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.75 259.79999999999995 m 246.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.75 259.79999999999995 m 284.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 284.75 259.79999999999995 m 323.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.75 259.79999999999995 m 362.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 362.75 259.79999999999995 m 401.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.75 259.79999999999995 m 440.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 259.79999999999995 m 479.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479.75 259.79999999999995 m 520.75 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.75 259.79999999999995 m 561.75 259.79999999999995 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 74.25 696.28 Td (As at and for the three months ended,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 250.10 700.28 Td (Sep. 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 256.35 692.28 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 288.85 700.28 Td (Jun. 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 294.85 692.28 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 328.05 700.28 Td (Mar) Tj ET Q q 1 1 1 rg BT 342.06 700.28 Td (. 31,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 333.85 692.28 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 366.60 700.28 Td (Dec. 31,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 372.85 692.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 405.60 700.28 Td (Sep. 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 411.85 692.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 444.85 700.28 Td (Jun. 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 450.85 692.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 485.05 700.28 Td (Mar) Tj ET Q q 1 1 1 rg BT 499.06 700.28 Td (. 31,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 490.85 692.28 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 525.60 700.28 Td (Dec. 31,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 531.85 692.28 Td (2018) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 74.25 678.53 Td (In millions of CAD unless otherwise noted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 668.48 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 655.28 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.90 655.03 Td (2,925.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 655.03 Td (3,052.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.40 655.03 Td (3,131.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.40 655.03 Td (3,054.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 655.03 Td (2,959.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 655.03 Td (3,1) Tj ET Q q 0 0 0 rg BT 457.52 655.03 Td (19.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.40 655.03 Td (3,068.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.40 655.03 Td (2,963.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 642.28 Td (Y) Tj ET Q q 0 0 0 rg BT 79.22 642.28 Td (ear-over-year revenue growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.45 642.03 Td (\(1.1%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.95 642.03 Td (\(2.2%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.60 642.03 Td (2.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.60 642.03 Td (3.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 642.03 Td (5.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 642.03 Td (6.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.60 642.03 Td (4.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.60 642.03 Td (5.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 629.28 Td (Constant currency year-over-year revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 621.28 Td (growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.45 625.28 Td (\(4.5%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.95 625.28 Td (\(3.5%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.60 625.28 Td (3.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.60 625.28 Td (4.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 625.28 Td (7.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 625.28 Td (6.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.60 625.28 Td (4.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.60 625.28 Td (4.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 608.28 Td (Backlog) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.00 608.03 Td (22,673) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 608.03 Td (22,295) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 608.03 Td (22,994) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 608.03 Td (22,292) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.50 608.03 Td (22,61) Tj ET Q q 0 0 0 rg BT 428.52 608.03 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 608.03 Td (22,418) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 608.03 Td (22,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.50 608.03 Td (23,338) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 595.28 Td (Bookings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.20 595.03 Td (3,474) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.70 595.03 Td (2,841) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 595.03 Td (2,783) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 595.03 Td (2,749) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 595.03 Td (3,409) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 595.03 Td (2,951) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 595.03 Td (3,255) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 595.03 Td (3,031) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 582.28 Td (Book-to-bill ratio) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.65 582.03 Td (1) Tj ET Q q 0 0 0 rg BT 256.10 582.03 Td (18.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.40 582.03 Td (93.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.40 582.03 Td (88.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 582.03 Td (90.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.15 582.03 Td (1) Tj ET Q q 0 0 0 rg BT 411.60 582.03 Td (15.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.40 582.03 Td (94.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 582.03 Td (106.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.15 582.03 Td (102.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 569.28 Td (Book-to-bill ratio trailing twelve months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.90 569.03 Td (97.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.40 569.03 Td (96.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.40 569.03 Td (97.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.15 569.03 Td (101.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.15 569.03 Td (104.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.15 569.03 Td (106.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 569.03 Td (1) Tj ET Q q 0 0 0 rg BT 490.60 569.03 Td (12.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.15 569.03 Td (1) Tj ET Q q 0 0 0 rg BT 531.60 569.03 Td (16.3%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 556.48 Td (Profitability) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 118.25 559.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.78 561.01 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 543.28 Td (Adjusted EBIT) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 125.39 546.62 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.92 547.81 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.20 543.03 Td (457.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.70 543.03 Td (448.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 543.03 Td (483.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 543.03 Td (474.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 543.03 Td (457.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 543.03 Td (474.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 543.03 Td (454.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 543.03 Td (439.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.25 530.23 Td (Adjusted EBIT margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 253.90 530.03 Td (15.6%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 529.98 Td (14.7%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 529.98 Td (15.4%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 529.98 Td (15.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 529.98 Td (15.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 529.98 Td (15.2%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.40 529.98 Td (14.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.40 529.98 Td (14.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 517.28 Td (Net earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.20 517.03 Td (251.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.70 517.03 Td (260.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 517.03 Td (314.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 517.03 Td (290.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 517.03 Td (324.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 517.03 Td (309.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 517.03 Td (318.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 517.03 Td (31) Tj ET Q q 0 0 0 rg BT 539.60 517.03 Td (1.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.25 504.23 Td (Net earnings margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 256.10 504.03 Td (8.6%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 294.60 503.98 Td (8.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 503.98 Td (10.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.60 503.98 Td (9.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 503.98 Td (1) Tj ET Q q 0 0 0 rg BT 413.85 503.98 Td (1.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.60 503.98 Td (9.9%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.40 503.98 Td (10.4%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.40 503.98 Td (10.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 491.28 Td (Diluted EPS \(in dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.50 491.03 Td (0.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.95 491.03 Td (1.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.95 491.03 Td (1.18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.95 491.03 Td (1.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 491.03 Td (1.19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 491.03 Td (1.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.95 491.03 Td (1.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 491.03 Td (1.1) Tj ET Q q 0 0 0 rg BT 544.07 491.03 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 478.28 Td (Net earnings excluding specific items) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 205.87 481.62 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.40 482.81 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.20 478.03 Td (318.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.70 478.03 Td (308.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 478.03 Td (338.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 478.03 Td (334.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 478.03 Td (329.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 478.03 Td (337.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 478.03 Td (324.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 478.03 Td (314.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.25 465.23 Td (Net earnings margin excluding specific items) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 253.90 465.03 Td (10.9%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 464.98 Td (10.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 464.98 Td (10.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 464.98 Td (1) Tj ET Q q 0 0 0 rg BT 374.85 464.98 Td (1.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 464.98 Td (1) Tj ET Q q 0 0 0 rg BT 413.85 464.98 Td (1.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 464.98 Td (10.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.40 464.98 Td (10.6%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.40 464.98 Td (10.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 450.78 Td (Diluted EPS excluding specific items \(in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 442.78 Td (dollars\)) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 100.48 446.12 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 103.01 447.31 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.45 441.03 Td (1.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.95 441.03 Td (1.18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.95 441.03 Td (1.26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.95 441.03 Td (1.23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.95 441.03 Td (1.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 441.03 Td (1.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.95 441.03 Td (1.17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 441.03 Td (1.12) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 428.48 Td (Liquidity) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 107.58 431.82 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 415.28 Td (Cash provided by operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.20 415.03 Td (492.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.70 415.03 Td (584.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 415.03 Td (396.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 415.03 Td (465.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 415.03 Td (405.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 415.03 Td (375.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 415.03 Td (462.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 415.03 Td (391.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.25 402.23 Td (As a % of revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 253.90 402.03 Td (16.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 401.98 Td (19.2%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 401.98 Td (12.7%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 401.98 Td (15.2%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 401.98 Td (13.7%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 401.98 Td (12.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.40 401.98 Td (15.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.40 401.98 Td (13.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 389.28 Td (Days sales outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 260.80 389.03 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.30 389.03 Td (48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 389.03 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.30 389.03 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.30 389.03 Td (50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.30 389.03 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.30 389.03 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 389.03 Td (54) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 376.48 Td (Capital structure) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 137.82 379.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.35 381.01 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 363.28 Td (Net debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.90 363.03 Td (2,777.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 363.03 Td (3,243.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.40 363.03 Td (3,792.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.40 363.03 Td (2,810.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 363.03 Td (2,1) Tj ET Q q 0 0 0 rg BT 418.52 363.03 Td (17.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 363.03 Td (2,336.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.40 363.03 Td (1,597.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.40 363.03 Td (1,738.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 350.28 Td (Net debt to capitalization ratio) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.50 350.03 Td (23.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.10 350.03 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 349.98 Td (28.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 349.98 Td (34.8%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 349.98 Td (27.7%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 349.98 Td (22.9%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 349.98 Td (25.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 350.08 Td (17.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 350.03 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 350.08 Td (19.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.10 350.03 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 337.28 Td (Return on equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.50 337.03 Td (16.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.10 337.03 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 336.98 Td (17.3%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 336.98 Td (18.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 336.98 Td (18.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 336.98 Td (18.5%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 336.98 Td (18.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 337.08 Td (17.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 337.03 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 337.08 Td (17.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.10 337.03 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 324.28 Td (Return on invested capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.50 324.03 Td (12.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.10 324.03 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.40 323.98 Td (13.0%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 331.40 323.98 Td (13.9%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.40 323.98 Td (14.4%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.40 323.98 Td (15.1%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.40 323.98 Td (15.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 324.08 Td (14.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.10 324.03 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 324.08 Td (14.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.10 324.03 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.25 311.48 Td (Balance sheet) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 128.05 314.82 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 298.28 Td (Cash and cash equivalents, and short-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 290.28 Td (investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.90 290.03 Td (1,709.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 290.03 Td (1,371.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.70 290.03 Td (314.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 290.03 Td (223.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 290.03 Td (223.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.70 290.03 Td (225.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 290.03 Td (544.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.70 290.03 Td (406.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 277.28 Td (T) Tj ET Q q 0 0 0 rg BT 78.25 277.28 Td (otal assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.65 277.03 Td (15,550.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.15 277.03 Td (15,343.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.15 277.03 Td (14,597.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.15 277.03 Td (13,863.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.15 277.03 Td (12,621.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 277.03 Td (12,813.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.15 277.03 Td (12,709.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.15 277.03 Td (12,872.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.25 264.28 Td (Long-term financial liabilities) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 174.74 267.62 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 177.27 268.81 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.90 264.03 Td (4,030.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.40 264.03 Td (4,363.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.40 264.03 Td (3,889.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.40 264.03 Td (2,766.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 264.03 Td (2,236.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 264.03 Td (2,421.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.40 264.03 Td (2,007.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.40 264.03 Td (2,070.9) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 245.64 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.53 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 242.30 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 242.30 Td (As ) Tj ET Q q 0 0 0 rg BT 95.52 242.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.21 242.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 242.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 139.61 242.30 Td (ending ) Tj ET Q q 0 0 0 rg BT 162.48 242.30 Td (December ) Tj ET Q q 0 0 0 rg BT 196.62 242.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.21 242.30 Td (2019, ) Tj ET Q q 0 0 0 rg BT 227.57 242.30 Td (figures ) Tj ET Q q 0 0 0 rg BT 250.44 242.30 Td (include ) Tj ET Q q 0 0 0 rg BT 274.47 242.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.06 242.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 308.53 242.30 Td (of ) Tj ET Q q 0 0 0 rg BT 316.22 242.30 Td (the ) Tj ET Q q 0 0 0 rg BT 327.80 242.30 Td (adoption ) Tj ET Q q 0 0 0 rg BT 356.51 242.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.20 242.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 382.00 242.30 Td (16, ) Tj ET Q q 0 0 0 rg BT 393.58 242.30 Td (while ) Tj ET Q q 0 0 0 rg BT 411.39 242.30 Td (previous ) Tj ET Q q 0 0 0 rg BT 439.70 242.30 Td (quarters ) Tj ET Q q 0 0 0 rg BT 467.23 242.30 Td (are ) Tj ET Q q 0 0 0 rg BT 479.20 242.30 Td (not ) Tj ET Q q 0 0 0 rg BT 490.78 242.30 Td (restated ) Tj ET Q q 0 0 0 rg BT 517.93 242.30 Td (as ) Tj ET Q q 0 0 0 rg BT 527.17 242.30 Td (indicated ) Tj ET Q q 0 0 0 rg BT 557.05 242.30 Td (in ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 233.90 Td (section ) Tj ET Q q 0 0 0 rg BT 109.62 233.90 Td (7. ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 225.24 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.53 226.43 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.16 221.90 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 221.90 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 221.90 Td (Please ) Tj ET Q q 0 0 0 rg BT 108.68 221.90 Td (refer ) Tj ET Q q 0 0 0 rg BT 124.84 221.90 Td (to ) Tj ET Q q 0 0 0 rg BT 132.45 221.90 Td (sections ) Tj ET Q q 0 0 0 rg BT 159.91 221.90 Td (3.7. ) Tj ET Q q 0 0 0 rg BT 173.35 221.90 Td (and ) Tj ET Q q 0 0 0 rg BT 186.81 221.90 Td (3.8.3. ) Tj ET Q q 0 0 0 rg BT 206.09 221.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.70 221.90 Td (each ) Tj ET Q q 0 0 0 rg BT 230.66 221.90 Td (quarter's ) Tj ET Q q 0 0 0 rg BT 259.44 221.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 293.12 221.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 312.96 221.90 Td ( ) Tj ET Q q 0 0 0 rg BT 314.73 221.90 Td (for ) Tj ET Q q 0 0 0 rg BT 324.67 221.90 Td (the ) Tj ET Q q 0 0 0 rg BT 336.18 221.90 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 378.81 221.90 Td (of ) Tj ET Q q 0 0 0 rg BT 386.42 221.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 419.75 221.90 Td ( ) Tj ET Q q 0 0 0 rg BT 421.52 221.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.98 221.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 481.49 221.90 Td (for ) Tj ET Q q 0 0 0 rg BT 491.43 221.90 Td (the ) Tj ET Q q 0 0 0 rg BT 502.93 221.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 531.94 221.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 556.67 221.90 Td (of ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 213.50 Td (2019. ) Tj ET Q q 0 0 0 rg BT 104.96 213.50 Td (For ) Tj ET Q q 0 0 0 rg BT 117.41 213.50 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 137.63 213.50 Td (2019, ) Tj ET Q q 0 0 0 rg BT 157.09 213.50 Td (please ) Tj ET Q q 0 0 0 rg BT 179.67 213.50 Td (refer ) Tj ET Q q 0 0 0 rg BT 196.00 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 203.79 213.50 Td (sections ) Tj ET Q q 0 0 0 rg BT 231.41 213.50 Td (5.6. ) Tj ET Q q 0 0 0 rg BT 245.03 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 258.65 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 260.60 213.50 Td (5.6.1. ) Tj ET Q q 0 0 0 rg BT 280.06 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.84 213.50 Td (each ) Tj ET Q q 0 0 0 rg BT 304.96 213.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 322.86 213.50 Td (year's ) Tj ET Q q 0 0 0 rg BT 343.26 213.50 Td (MD&A.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 204.84 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.53 206.03 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.16 201.50 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 201.50 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 201.50 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 119.35 201.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.98 201.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 175.38 201.50 Td (include ) Tj ET Q q 0 0 0 rg BT 199.50 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.18 201.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 242.69 201.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 266.04 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.82 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 285.50 201.50 Td (debt, ) Tj ET Q q 0 0 0 rg BT 303.01 201.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 334.52 201.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 353.20 201.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 381.60 201.50 Td (and ) Tj ET Q q 0 0 0 rg BT 395.22 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 406.90 201.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 438.41 201.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 470.31 201.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.94 201.50 Td (instruments.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 168.50 Td (There ) Tj ET Q q 0 0 0 rg BT 98.58 168.50 Td (are ) Tj ET Q q 0 0 0 rg BT 114.66 168.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 144.73 168.50 Td (causing ) Tj ET Q q 0 0 0 rg BT 178.82 168.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 216.91 168.50 Td (variances ) Tj ET Q q 0 0 0 rg BT 258.49 168.50 Td (which ) Tj ET Q q 0 0 0 rg BT 284.57 168.50 Td (may ) Tj ET Q q 0 0 0 rg BT 304.64 168.50 Td (not ) Tj ET Q q 0 0 0 rg BT 320.22 168.50 Td (be ) Tj ET Q q 0 0 0 rg BT 333.30 168.50 Td (reflective ) Tj ET Q q 0 0 0 rg BT 372.38 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 382.96 168.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.54 168.50 Td (Company) Tj ET Q q 0 0 0 rg BT 438.89 168.50 Td (s ) Tj ET Q q 0 0 0 rg BT 446.46 168.50 Td (future ) Tj ET Q q 0 0 0 rg BT 472.54 168.50 Td (performance. ) Tj ET Q q 0 0 0 rg BT 528.43 168.50 Td (There ) Tj ET Q q 0 0 0 rg BT 555.01 168.50 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 155.00 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 120.32 155.00 Td (in ) Tj ET Q q 0 0 0 rg BT 130.62 155.00 Td (system ) Tj ET Q q 0 0 0 rg BT 162.42 155.00 Td (integration ) Tj ET Q q 0 0 0 rg BT 207.75 155.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.06 155.00 Td (consulting ) Tj ET Q q 0 0 0 rg BT 269.88 155.00 Td (work, ) Tj ET Q q 0 0 0 rg BT 294.68 155.00 Td (and ) Tj ET Q q 0 0 0 rg BT 313.00 155.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.80 155.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 367.12 155.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 420.94 155.00 Td (of ) Tj ET Q q 0 0 0 rg BT 431.74 155.00 Td (these ) Tj ET Q q 0 0 0 rg BT 457.05 155.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 502.38 155.00 Td (is ) Tj ET Q q 0 0 0 rg BT 512.17 155.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 551.99 155.00 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 141.50 Td (occurrences ) Tj ET Q q 0 0 0 rg BT 123.24 141.50 Td (such ) Tj ET Q q 0 0 0 rg BT 144.46 141.50 Td (as ) Tj ET Q q 0 0 0 rg BT 156.18 141.50 Td (vacations ) Tj ET Q q 0 0 0 rg BT 196.42 141.50 Td (and ) Tj ET Q q 0 0 0 rg BT 213.65 141.50 Td (the ) Tj ET Q q 0 0 0 rg BT 228.38 141.50 Td (number ) Tj ET Q q 0 0 0 rg BT 261.11 141.50 Td (of ) Tj ET Q q 0 0 0 rg BT 270.83 141.50 Td (statutory ) Tj ET Q q 0 0 0 rg BT 307.56 141.50 Td (holidays ) Tj ET Q q 0 0 0 rg BT 342.80 141.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.02 141.50 Td (any ) Tj ET Q q 0 0 0 rg BT 368.75 141.50 Td (given ) Tj ET Q q 0 0 0 rg BT 392.48 141.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 420.50 141.50 Td (. ) Tj ET Q q 0 0 0 rg BT 425.22 141.50 Td (Managed ) Tj ET Q q 0 0 0 rg BT 464.96 141.50 Td (IT) Tj ET Q q 0 0 0 rg BT 472.80 141.50 Td ( ) Tj ET Q q 0 0 0 rg BT 475.01 141.50 Td (and ) Tj ET Q q 0 0 0 rg BT 492.24 141.50 Td (business ) Tj ET Q q 0 0 0 rg BT 529.98 141.50 Td (process ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 128.00 Td (services ) Tj ET Q q 0 0 0 rg BT 108.13 128.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 147.77 128.00 Td (are ) Tj ET Q q 0 0 0 rg BT 163.91 128.00 Td (af) Tj ET Q q 0 0 0 rg BT 171.25 128.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 198.89 128.00 Td (to ) Tj ET Q q 0 0 0 rg BT 209.52 128.00 Td (a ) Tj ET Q q 0 0 0 rg BT 217.65 128.00 Td (lesser ) Tj ET Q q 0 0 0 rg BT 244.79 128.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 272.43 128.00 Td (by ) Tj ET Q q 0 0 0 rg BT 285.06 128.00 Td (seasonality) Tj ET Q q 0 0 0 rg BT 329.42 128.00 Td (. ) Tj ET Q q 0 0 0 rg BT 334.42 128.00 Td (Also, ) Tj ET Q q 0 0 0 rg BT 357.56 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.19 128.00 Td (workflow ) Tj ET Q q 0 0 0 rg BT 411.33 128.00 Td (from ) Tj ET Q q 0 0 0 rg BT 432.45 128.00 Td (some ) Tj ET Q q 0 0 0 rg BT 457.59 128.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 486.22 128.00 Td (may ) Tj ET Q q 0 0 0 rg BT 506.35 128.00 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 543.50 128.00 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 114.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 103.56 114.50 Td (to ) Tj ET Q q 0 0 0 rg BT 114.10 114.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 145.66 114.50 Td (based ) Tj ET Q q 0 0 0 rg BT 173.22 114.50 Td (on ) Tj ET Q q 0 0 0 rg BT 186.27 114.50 Td (their ) Tj ET Q q 0 0 0 rg BT 206.81 114.50 Td (business ) Tj ET Q q 0 0 0 rg BT 245.37 114.50 Td (cycle ) Tj ET Q q 0 0 0 rg BT 268.92 114.50 Td (and ) Tj ET Q q 0 0 0 rg BT 286.97 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 302.52 114.50 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 350.59 114.50 Td (of ) Tj ET Q q 0 0 0 rg BT 361.13 114.50 Td (their ) Tj ET Q q 0 0 0 rg BT 381.68 114.50 Td (own ) Tj ET Q q 0 0 0 rg BT 401.23 114.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 448.80 114.50 Td (Further) Tj ET Q q 0 0 0 rg BT 477.31 114.50 Td (, ) Tj ET Q q 0 0 0 rg BT 482.85 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 498.40 114.50 Td (savings ) Tj ET Q q 0 0 0 rg BT 531.95 114.50 Td (that ) Tj ET Q q 0 0 0 rg BT 550.00 114.50 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 101.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 110.53 101.00 Td (for ) Tj ET Q q 0 0 0 rg BT 124.02 101.00 Td (a ) Tj ET Q q 0 0 0 rg BT 132.03 101.00 Td (client ) Tj ET Q q 0 0 0 rg BT 156.03 101.00 Td (on ) Tj ET Q q 0 0 0 rg BT 169.04 101.00 Td (a ) Tj ET Q q 0 0 0 rg BT 177.04 101.00 Td (given ) Tj ET Q q 0 0 0 rg BT 201.55 101.00 Td (managed ) Tj ET Q q 0 0 0 rg BT 242.08 101.00 Td (IT) Tj ET Q q 0 0 0 rg BT 249.91 101.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.91 101.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.92 101.00 Td (business ) Tj ET Q q 0 0 0 rg BT 309.44 101.00 Td (process ) Tj ET Q q 0 0 0 rg BT 343.95 101.00 Td (services ) Tj ET Q q 0 0 0 rg BT 379.95 101.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 414.96 101.00 Td (may ) Tj ET Q q 0 0 0 rg BT 434.96 101.00 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 482.47 101.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 512.98 101.00 Td (our ) Tj ET Q q 0 0 0 rg BT 528.99 101.00 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 87.50 Td (stream ) Tj ET Q q 0 0 0 rg BT 102.01 87.50 Td (from ) Tj ET Q q 0 0 0 rg BT 122.51 87.50 Td (this ) Tj ET Q q 0 0 0 rg BT 139.01 87.50 Td (client, ) Tj ET Q q 0 0 0 rg BT 165.02 87.50 Td (as ) Tj ET Q q 0 0 0 rg BT 177.03 87.50 Td (these ) Tj ET Q q 0 0 0 rg BT 201.55 87.50 Td (savings ) Tj ET Q q 0 0 0 rg BT 234.56 87.50 Td (may ) Tj ET Q q 0 0 0 rg BT 254.07 87.50 Td (not ) Tj ET Q q 0 0 0 rg BT 269.08 87.50 Td (be ) Tj ET Q q 0 0 0 rg BT 281.59 87.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 332.10 87.50 Td (of) Tj ET Q q 0 0 0 rg BT 339.45 87.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 356.45 87.50 Td (by ) Tj ET Q q 0 0 0 rg BT 368.46 87.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 409.49 87.50 Td (work ) Tj ET Q q 0 0 0 rg BT 430.99 87.50 Td (performed ) Tj ET Q q 0 0 0 rg BT 474.51 87.50 Td (for ) Tj ET Q q 0 0 0 rg BT 487.52 87.50 Td (this ) Tj ET Q q 0 0 0 rg BT 504.02 87.50 Td (client.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 68.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 94.58 68.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 112.16 68.00 Td (from ) Tj ET Q q 0 0 0 rg BT 131.73 68.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 170.83 68.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 206.91 68.00 Td (could ) Tj ET Q q 0 0 0 rg BT 229.99 68.00 Td (vary ) Tj ET Q q 0 0 0 rg BT 248.56 68.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 296.66 68.00 Td (from ) Tj ET Q q 0 0 0 rg BT 316.23 68.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 346.31 68.00 Td (to ) Tj ET Q q 0 0 0 rg BT 355.39 68.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 385.48 68.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 429.09 68.00 Td (on ) Tj ET Q q 0 0 0 rg BT 440.67 68.00 Td (the ) Tj ET Q q 0 0 0 rg BT 454.75 68.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 480.33 68.00 Td (of ) Tj ET Q q 0 0 0 rg BT 489.40 68.00 Td (monthly ) Tj ET Q q 0 0 0 rg BT 522.49 68.00 Td (payments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 54.50 Td (received ) Tj ET Q q 0 0 0 rg BT 107.95 54.50 Td (from ) Tj ET Q q 0 0 0 rg BT 127.88 54.50 Td (large ) Tj ET Q q 0 0 0 rg BT 149.82 54.50 Td (clients, ) Tj ET Q q 0 0 0 rg BT 179.76 54.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.70 54.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 255.15 54.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 300.11 54.50 Td (with ) Tj ET Q q 0 0 0 rg BT 318.04 54.50 Td (large ) Tj ET Q q 0 0 0 rg BT 339.98 54.50 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 391.44 54.50 Td (managed ) Tj ET Q q 0 0 0 rg BT 430.90 54.50 Td (IT) Tj ET Q q 0 0 0 rg BT 438.73 54.50 Td ( ) Tj ET Q q 0 0 0 rg BT 440.66 54.50 Td (and ) Tj ET Q q 0 0 0 rg BT 457.61 54.50 Td (business ) Tj ET Q q 0 0 0 rg BT 495.06 54.50 Td (process ) Tj ET Q q 0 0 0 rg BT 528.50 54.50 Td (services ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 31.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 20.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 20.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 20.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 20.10 Td (49) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 742.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 110.45 742.45 Td (and ) Tj ET Q q 0 0 0 rg BT 127.41 742.45 Td (projects, ) Tj ET Q q 0 0 0 rg BT 163.36 742.45 Td (the ) Tj ET Q q 0 0 0 rg BT 177.81 742.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 203.75 742.45 Td (of ) Tj ET Q q 0 0 0 rg BT 213.19 742.45 Td (the ) Tj ET Q q 0 0 0 rg BT 227.64 742.45 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 294.10 742.45 Td (for ) Tj ET Q q 0 0 0 rg BT 306.54 742.45 Td (various ) Tj ET Q q 0 0 0 rg BT 337.49 742.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.43 742.45 Td (credits ) Tj ET Q q 0 0 0 rg BT 379.88 742.45 Td (as ) Tj ET Q q 0 0 0 rg BT 391.32 742.45 Td (well ) Tj ET Q q 0 0 0 rg BT 408.76 742.45 Td (as ) Tj ET Q q 0 0 0 rg BT 420.21 742.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 442.15 742.45 Td (sharing ) Tj ET Q q 0 0 0 rg BT 473.61 742.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 514.56 742.45 Td (to ) Tj ET Q q 0 0 0 rg BT 524.01 742.45 Td (members ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 728.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 728.95 Td (the ) Tj ET Q q 0 0 0 rg BT 104.53 728.95 Td (timing ) Tj ET Q q 0 0 0 rg BT 131.04 728.95 Td (of ) Tj ET Q q 0 0 0 rg BT 141.04 728.95 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 193.56 728.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.57 728.95 Td (payments.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 709.45 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 104.69 709.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 145.89 709.45 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 193.58 709.45 Td (can ) Tj ET Q q 0 0 0 rg BT 210.26 709.45 Td (also ) Tj ET Q q 0 0 0 rg BT 228.94 709.45 Td (contribute ) Tj ET Q q 0 0 0 rg BT 270.64 709.45 Td (to ) Tj ET Q q 0 0 0 rg BT 280.31 709.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 317.50 709.45 Td (variances ) Tj ET Q q 0 0 0 rg BT 358.19 709.45 Td (as ) Tj ET Q q 0 0 0 rg BT 369.86 709.45 Td (our ) Tj ET Q q 0 0 0 rg BT 385.04 709.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 432.24 709.45 Td (of ) Tj ET Q q 0 0 0 rg BT 441.92 709.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 486.12 709.45 Td (in ) Tj ET Q q 0 0 0 rg BT 495.29 709.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 524.98 709.45 Td (countries ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.95 Td (evolves. ) Tj ET Q q 0 0 0 rg BT 106.85 695.95 Td (The ) Tj ET Q q 0 0 0 rg BT 124.31 695.95 Td (ef) Tj ET Q q 0 0 0 rg BT 131.65 695.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.12 695.95 Td (from ) Tj ET Q q 0 0 0 rg BT 168.08 695.95 Td (these ) Tj ET Q q 0 0 0 rg BT 192.05 695.95 Td (variances ) Tj ET Q q 0 0 0 rg BT 232.52 695.95 Td (is ) Tj ET Q q 0 0 0 rg BT 240.98 695.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.94 695.95 Td (on ) Tj ET Q q 0 0 0 rg BT 288.91 695.95 Td (our ) Tj ET Q q 0 0 0 rg BT 303.87 695.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 338.35 695.95 Td (and ) Tj ET Q q 0 0 0 rg BT 355.32 695.95 Td (to ) Tj ET Q q 0 0 0 rg BT 364.79 695.95 Td (a ) Tj ET Q q 0 0 0 rg BT 371.75 695.95 Td (much ) Tj ET Q q 0 0 0 rg BT 395.71 695.95 Td (lesser ) Tj ET Q q 0 0 0 rg BT 421.68 695.95 Td (extent, ) Tj ET Q q 0 0 0 rg BT 450.65 695.95 Td (on ) Tj ET Q q 0 0 0 rg BT 462.62 695.95 Td (our ) Tj ET Q q 0 0 0 rg BT 477.59 695.95 Td (margin ) Tj ET Q q 0 0 0 rg BT 507.05 695.95 Td (as ) Tj ET Q q 0 0 0 rg BT 518.52 695.95 Td (we ) Tj ET Q q 0 0 0 rg BT 531.98 695.95 Td (benefit, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 682.45 Td (as ) Tj ET Q q 0 0 0 rg BT 84.01 682.45 Td (much ) Tj ET Q q 0 0 0 rg BT 108.51 682.45 Td (as ) Tj ET Q q 0 0 0 rg BT 120.52 682.45 Td (possible, ) Tj ET Q q 0 0 0 rg BT 158.54 682.45 Td (from ) Tj ET Q q 0 0 0 rg BT 179.04 682.45 Td (natural ) Tj ET Q q 0 0 0 rg BT 209.06 682.45 Td (hedges.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (50) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (7. ) Tj ET Q q 0 0 0 rg BT 85.50 706.80 Td (Changes in ) Tj ET Q q 0 0 0 rg BT 153.06 706.80 Td (Accounting Policies) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 694.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 142.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 690.3 m 228.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 690.3 m 337.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 690.3 m 475.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 690.3 m 561.5 690.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 57.5 686.3 l s BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 664.30 Td (The ) Tj ET Q q 0 0 0 rg BT 90.78 664.30 Td (audited ) Tj ET Q q 0 0 0 rg BT 123.58 664.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.40 664.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.69 664.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 260.98 664.30 Td (for ) Tj ET Q q 0 0 0 rg BT 274.76 664.30 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.55 664.30 Td (year ) Tj ET Q q 0 0 0 rg BT 311.33 664.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 339.63 664.30 Td (September ) Tj ET Q q 0 0 0 rg BT 386.93 664.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.72 664.30 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.74 664.30 Td ( ) Tj ET Q q 0 0 0 rg BT 426.01 664.30 Td (include ) Tj ET Q q 0 0 0 rg BT 457.81 664.30 Td (all ) Tj ET Q q 0 0 0 rg BT 470.09 664.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 521.88 664.30 Td (that ) Tj ET Q q 0 0 0 rg BT 540.17 664.30 Td (CGI) Tj ET Q q 0 0 0 rg BT 558.01 664.30 Td (s ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 650.80 Td (management ) Tj ET Q q 0 0 0 rg BT 127.03 650.80 Td (considers ) Tj ET Q q 0 0 0 rg BT 168.05 650.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 211.57 650.80 Td (for ) Tj ET Q q 0 0 0 rg BT 224.57 650.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.59 650.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.59 650.80 Td (presentation ) Tj ET Q q 0 0 0 rg BT 306.62 650.80 Td (of ) Tj ET Q q 0 0 0 rg BT 316.63 650.80 Td (its ) Tj ET Q q 0 0 0 rg BT 328.13 650.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.65 650.80 Td (position, ) Tj ET Q q 0 0 0 rg BT 399.67 650.80 Td (results ) Tj ET Q q 0 0 0 rg BT 428.68 650.80 Td (of ) Tj ET Q q 0 0 0 rg BT 438.69 650.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 485.72 650.80 Td (and ) Tj ET Q q 0 0 0 rg BT 503.24 650.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.75 650.80 Td (flows.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 631.30 Td (ADOPTION ) Tj ET Q q 0 0 0 rg BT 122.00 631.30 Td (OF ) Tj ET Q q 0 0 0 rg BT 136.67 631.30 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 200.16 631.30 Td (ST) Tj ET Q q 0 0 0 rg BT 210.99 631.30 Td (ANDARDS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 608.80 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 608.80 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 608.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 169.55 608.80 Td (have ) Tj ET Q q 0 0 0 rg BT 191.57 608.80 Td (been ) Tj ET Q q 0 0 0 rg BT 214.09 608.80 Td (adopted ) Tj ET Q q 0 0 0 rg BT 249.13 608.80 Td (by ) Tj ET Q q 0 0 0 rg BT 261.13 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 608.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.16 608.80 Td (on ) Tj ET Q q 0 0 0 rg BT 329.67 608.80 Td (October ) Tj ET Q q 0 0 0 rg BT 364.19 608.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 374.19 608.80 Td (2019:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 584.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 95.00 584.15 Td (16 ) Tj ET Q q 0 0 0 rg BT 107.51 584.15 Td (- ) Tj ET Q q 0 0 0 rg BT 113.01 584.15 Td (Leases ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 564.65 Td (In ) Tj ET Q q 0 0 0 rg BT 82.05 564.65 Td (January ) Tj ET Q q 0 0 0 rg BT 116.61 564.65 Td (2016, ) Tj ET Q q 0 0 0 rg BT 141.67 564.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.72 564.65 Td (IASB ) Tj ET Q q 0 0 0 rg BT 179.77 564.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 208.33 564.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 231.37 564.65 Td (16,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 243.88 564.65 Td ( ) Tj ET Q q 0 0 0 rg BT 246.42 564.65 Td (Leases) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.44 564.65 Td (, ) Tj ET Q q 0 0 0 rg BT 280.49 564.65 Td (to ) Tj ET Q q 0 0 0 rg BT 290.53 564.65 Td (set ) Tj ET Q q 0 0 0 rg BT 305.08 564.65 Td (out ) Tj ET Q q 0 0 0 rg BT 320.13 564.65 Td (the ) Tj ET Q q 0 0 0 rg BT 335.18 564.65 Td (principles ) Tj ET Q q 0 0 0 rg BT 375.74 564.65 Td (for ) Tj ET Q q 0 0 0 rg BT 388.79 564.65 Td (the ) Tj ET Q q 0 0 0 rg BT 403.84 564.65 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 452.91 564.65 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 512.97 564.65 Td (presentation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 551.15 Td (and ) Tj ET Q q 0 0 0 rg BT 89.64 551.15 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 132.78 551.15 Td (of ) Tj ET Q q 0 0 0 rg BT 142.91 551.15 Td (leases ) Tj ET Q q 0 0 0 rg BT 171.56 551.15 Td (for ) Tj ET Q q 0 0 0 rg BT 184.68 551.15 Td (both ) Tj ET Q q 0 0 0 rg BT 204.82 551.15 Td (parties ) Tj ET Q q 0 0 0 rg BT 234.46 551.15 Td (to ) Tj ET Q q 0 0 0 rg BT 244.59 551.15 Td (a ) Tj ET Q q 0 0 0 rg BT 252.22 551.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 276.36 551.15 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 324.35 551.15 Td (The ) Tj ET Q q 0 0 0 rg BT 342.48 551.15 Td (standard ) Tj ET Q q 0 0 0 rg BT 380.13 551.15 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 429.28 551.15 Td (IAS ) Tj ET Q q 0 0 0 rg BT 446.41 551.15 Td (17, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 461.55 551.15 Td (Leases) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.57 551.15 Td (, ) Tj ET Q q 0 0 0 rg BT 495.70 551.15 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 551.15 Td (other ) Tj ET Q q 0 0 0 rg BT 536.48 551.15 Td (leases ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 537.65 Td (related ) Tj ET Q q 0 0 0 rg BT 103.52 537.65 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 167.05 537.65 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 211.57 537.65 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 537.65 Td (lessee's ) Tj ET Q q 0 0 0 rg BT 264.32 537.65 Td (classification ) Tj ET Q q 0 0 0 rg BT 319.34 537.65 Td (of ) Tj ET Q q 0 0 0 rg BT 330.85 537.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 360.87 537.65 Td (as ) Tj ET Q q 0 0 0 rg BT 374.37 537.65 Td (either ) Tj ET Q q 0 0 0 rg BT 400.89 537.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.42 537.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 472.44 537.65 Td (or ) Tj ET Q q 0 0 0 rg BT 484.44 537.65 Td (finance ) Tj ET Q q 0 0 0 rg BT 517.46 537.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 547.48 537.65 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 524.15 Td (introduces ) Tj ET Q q 0 0 0 rg BT 116.07 524.15 Td (a ) Tj ET Q q 0 0 0 rg BT 123.62 524.15 Td (single ) Tj ET Q q 0 0 0 rg BT 149.67 524.15 Td (lessee ) Tj ET Q q 0 0 0 rg BT 178.23 524.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 224.31 524.15 Td (model. ) Tj ET Q q 0 0 0 rg BT 253.87 524.15 Td (Lessees ) Tj ET Q q 0 0 0 rg BT 289.93 524.15 Td (recognize ) Tj ET Q q 0 0 0 rg BT 331.50 524.15 Td (a ) Tj ET Q q 0 0 0 rg BT 339.05 524.15 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 387.11 524.15 Td (asset ) Tj ET Q q 0 0 0 rg BT 411.16 524.15 Td (representing ) Tj ET Q q 0 0 0 rg BT 463.74 524.15 Td (its ) Tj ET Q q 0 0 0 rg BT 475.28 524.15 Td (control ) Tj ET Q q 0 0 0 rg BT 504.84 524.15 Td (of, ) Tj ET Q q 0 0 0 rg BT 517.39 524.15 Td (and ) Tj ET Q q 0 0 0 rg BT 534.95 524.15 Td (right ) Tj ET Q q 0 0 0 rg BT 555.00 524.15 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 510.65 Td (use, ) Tj ET Q q 0 0 0 rg BT 90.76 510.65 Td (the ) Tj ET Q q 0 0 0 rg BT 105.02 510.65 Td (underlying ) Tj ET Q q 0 0 0 rg BT 148.30 510.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 171.56 510.65 Td (and ) Tj ET Q q 0 0 0 rg BT 188.32 510.65 Td (a ) Tj ET Q q 0 0 0 rg BT 195.07 510.65 Td (lease ) Tj ET Q q 0 0 0 rg BT 218.34 510.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 247.10 510.65 Td (representing ) Tj ET Q q 0 0 0 rg BT 298.88 510.65 Td (its ) Tj ET Q q 0 0 0 rg BT 309.63 510.65 Td (obligation ) Tj ET Q q 0 0 0 rg BT 349.90 510.65 Td (to ) Tj ET Q q 0 0 0 rg BT 359.16 510.65 Td (make ) Tj ET Q q 0 0 0 rg BT 382.92 510.65 Td (future ) Tj ET Q q 0 0 0 rg BT 407.68 510.65 Td (lease ) Tj ET Q q 0 0 0 rg BT 430.94 510.65 Td (payments.The ) Tj ET Q q 0 0 0 rg BT 489.72 510.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.99 510.65 Td (adopted ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 497.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 94.64 497.15 Td (16 ) Tj ET Q q 0 0 0 rg BT 106.79 497.15 Td (using ) Tj ET Q q 0 0 0 rg BT 130.45 497.15 Td (the ) Tj ET Q q 0 0 0 rg BT 145.10 497.15 Td (modified ) Tj ET Q q 0 0 0 rg BT 181.26 497.15 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 234.93 497.15 Td (method, ) Tj ET Q q 0 0 0 rg BT 269.59 497.15 Td (with ) Tj ET Q q 0 0 0 rg BT 287.73 497.15 Td (no ) Tj ET Q q 0 0 0 rg BT 299.89 497.15 Td (restatement ) Tj ET Q q 0 0 0 rg BT 349.55 497.15 Td (of ) Tj ET Q q 0 0 0 rg BT 359.20 497.15 Td (comparative ) Tj ET Q q 0 0 0 rg BT 410.36 497.15 Td (figures. ) Tj ET Q q 0 0 0 rg BT 441.88 497.15 Td (The ) Tj ET Q q 0 0 0 rg BT 459.53 497.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.19 497.15 Td (applied ) Tj ET Q q 0 0 0 rg BT 531.35 497.15 Td (the ) Tj ET Q q 0 0 0 rg BT 546.01 497.15 Td (new ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 483.65 Td (standard ) Tj ET Q q 0 0 0 rg BT 108.99 483.65 Td (to ) Tj ET Q q 0 0 0 rg BT 118.47 483.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 156.95 483.65 Td (that ) Tj ET Q q 0 0 0 rg BT 173.93 483.65 Td (were ) Tj ET Q q 0 0 0 rg BT 195.40 483.65 Td (classified ) Tj ET Q q 0 0 0 rg BT 234.39 483.65 Td (as ) Tj ET Q q 0 0 0 rg BT 245.86 483.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 273.85 483.65 Td (under ) Tj ET Q q 0 0 0 rg BT 298.83 483.65 Td (IAS ) Tj ET Q q 0 0 0 rg BT 315.31 483.65 Td (17 ) Tj ET Q q 0 0 0 rg BT 327.29 483.65 Td (at ) Tj ET Q q 0 0 0 rg BT 336.76 483.65 Td (the ) Tj ET Q q 0 0 0 rg BT 351.24 483.65 Td (date ) Tj ET Q q 0 0 0 rg BT 370.72 483.65 Td (of ) Tj ET Q q 0 0 0 rg BT 380.20 483.65 Td (initial ) Tj ET Q q 0 0 0 rg BT 402.68 483.65 Td (application. ) Tj ET Q q 0 0 0 rg BT 450.05 483.65 Td (The ) Tj ET Q q 0 0 0 rg BT 467.52 483.65 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 515.01 483.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 542.99 483.65 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 470.15 Td (recognized ) Tj ET Q q 0 0 0 rg BT 119.04 470.15 Td (as ) Tj ET Q q 0 0 0 rg BT 131.56 470.15 Td (if ) Tj ET Q q 0 0 0 rg BT 139.07 470.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 162.58 470.15 Td (16 ) Tj ET Q q 0 0 0 rg BT 175.61 470.15 Td (had ) Tj ET Q q 0 0 0 rg BT 193.63 470.15 Td (been ) Tj ET Q q 0 0 0 rg BT 216.67 470.15 Td (applied ) Tj ET Q q 0 0 0 rg BT 248.71 470.15 Td (since ) Tj ET Q q 0 0 0 rg BT 272.73 470.15 Td (the ) Tj ET Q q 0 0 0 rg BT 288.25 470.15 Td (commencement ) Tj ET Q q 0 0 0 rg BT 355.29 470.15 Td (date ) Tj ET Q q 0 0 0 rg BT 375.82 470.15 Td (for ) Tj ET Q q 0 0 0 rg BT 389.33 470.15 Td (real ) Tj ET Q q 0 0 0 rg BT 407.35 470.15 Td (estate ) Tj ET Q q 0 0 0 rg BT 434.88 470.15 Td (leases. ) Tj ET Q q 0 0 0 rg BT 466.41 470.15 Td (For ) Tj ET Q q 0 0 0 rg BT 482.92 470.15 Td (all ) Tj ET Q q 0 0 0 rg BT 494.94 470.15 Td (other ) Tj ET Q q 0 0 0 rg BT 518.46 470.15 Td (leases, ) Tj ET Q q 0 0 0 rg BT 549.99 470.15 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 456.65 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 119.92 456.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 148.34 456.65 Td (were ) Tj ET Q q 0 0 0 rg BT 170.26 456.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 212.68 456.65 Td (at ) Tj ET Q q 0 0 0 rg BT 222.60 456.65 Td (an ) Tj ET Q q 0 0 0 rg BT 235.01 456.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 267.44 456.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 291.86 456.65 Td (to ) Tj ET Q q 0 0 0 rg BT 301.78 456.65 Td (the ) Tj ET Q q 0 0 0 rg BT 316.69 456.65 Td (lease ) Tj ET Q q 0 0 0 rg BT 340.62 456.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 370.03 456.65 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 406.46 456.65 Td (by ) Tj ET Q q 0 0 0 rg BT 418.38 456.65 Td (the ) Tj ET Q q 0 0 0 rg BT 433.29 456.65 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 465.72 456.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 498.15 456.65 Td (and ) Tj ET Q q 0 0 0 rg BT 515.57 456.65 Td (the ) Tj ET Q q 0 0 0 rg BT 530.49 456.65 Td (accrued ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 443.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 96.02 443.15 Td (payment ) Tj ET Q q 0 0 0 rg BT 133.04 443.15 Td (related ) Tj ET Q q 0 0 0 rg BT 163.05 443.15 Td (to ) Tj ET Q q 0 0 0 rg BT 173.06 443.15 Td (the ) Tj ET Q q 0 0 0 rg BT 188.07 443.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 212.09 443.15 Td (in ) Tj ET Q q 0 0 0 rg BT 221.59 443.15 Td (the ) Tj ET Q q 0 0 0 rg BT 236.61 443.15 Td (balance ) Tj ET Q q 0 0 0 rg BT 270.63 443.15 Td (sheet ) Tj ET Q q 0 0 0 rg BT 295.15 443.15 Td (as ) Tj ET Q q 0 0 0 rg BT 307.16 443.15 Td (at ) Tj ET Q q 0 0 0 rg BT 317.16 443.15 Td (September ) Tj ET Q q 0 0 0 rg BT 363.69 443.15 Td (30, ) Tj ET Q q 0 0 0 rg BT 378.70 443.15 Td (2019. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 423.65 Td (The ) Tj ET Q q 0 0 0 rg BT 89.78 423.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.58 423.65 Td (made ) Tj ET Q q 0 0 0 rg BT 155.36 423.65 Td (use ) Tj ET Q q 0 0 0 rg BT 172.15 423.65 Td (of ) Tj ET Q q 0 0 0 rg BT 181.93 423.65 Td (the ) Tj ET Q q 0 0 0 rg BT 196.71 423.65 Td (following ) Tj ET Q q 0 0 0 rg BT 234.01 423.65 Td (practical ) Tj ET Q q 0 0 0 rg BT 269.80 423.65 Td (expedients ) Tj ET Q q 0 0 0 rg BT 315.60 423.65 Td (available ) Tj ET Q q 0 0 0 rg BT 353.40 423.65 Td (on ) Tj ET Q q 0 0 0 rg BT 365.69 423.65 Td (transition ) Tj ET Q q 0 0 0 rg BT 404.48 423.65 Td (date:the ) Tj ET Q q 0 0 0 rg BT 441.78 423.65 Td (definition ) Tj ET Q q 0 0 0 rg BT 480.08 423.65 Td (of ) Tj ET Q q 0 0 0 rg BT 489.86 423.65 Td (a ) Tj ET Q q 0 0 0 rg BT 497.14 423.65 Td (lease, ) Tj ET Q q 0 0 0 rg BT 523.43 423.65 Td (the ) Tj ET Q q 0 0 0 rg BT 538.22 423.65 Td (use ) Tj ET Q q 0 0 0 rg BT 555.01 423.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 410.15 Td (hindsight ) Tj ET Q q 0 0 0 rg BT 110.38 410.15 Td (in ) Tj ET Q q 0 0 0 rg BT 119.74 410.15 Td (determining ) Tj ET Q q 0 0 0 rg BT 169.13 410.15 Td (the ) Tj ET Q q 0 0 0 rg BT 183.99 410.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 207.87 410.15 Td (term, ) Tj ET Q q 0 0 0 rg BT 230.72 410.15 Td (the ) Tj ET Q q 0 0 0 rg BT 245.59 410.15 Td (exclusion ) Tj ET Q q 0 0 0 rg BT 285.47 410.15 Td (of ) Tj ET Q q 0 0 0 rg BT 295.33 410.15 Td (initial ) Tj ET Q q 0 0 0 rg BT 318.20 410.15 Td (direct ) Tj ET Q q 0 0 0 rg BT 342.56 410.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 365.92 410.15 Td (from ) Tj ET Q q 0 0 0 rg BT 386.28 410.15 Td (the ) Tj ET Q q 0 0 0 rg BT 401.15 410.15 Td (measurement ) Tj ET Q q 0 0 0 rg BT 458.53 410.15 Td (of ) Tj ET Q q 0 0 0 rg BT 468.39 410.15 Td (the ) Tj ET Q q 0 0 0 rg BT 483.26 410.15 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 531.13 410.15 Td (asset ) Tj ET Q q 0 0 0 rg BT 555.00 410.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 88.94 396.65 Td (transition ) Tj ET Q q 0 0 0 rg BT 129.89 396.65 Td (date, ) Tj ET Q q 0 0 0 rg BT 154.34 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 171.28 396.65 Td (usage ) Tj ET Q q 0 0 0 rg BT 200.24 396.65 Td (of ) Tj ET Q q 0 0 0 rg BT 212.18 396.65 Td (a ) Tj ET Q q 0 0 0 rg BT 221.61 396.65 Td (single ) Tj ET Q q 0 0 0 rg BT 249.56 396.65 Td (incremental ) Tj ET Q q 0 0 0 rg BT 300.51 396.65 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 344.46 396.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 364.40 396.65 Td (for ) Tj ET Q q 0 0 0 rg BT 379.34 396.65 Td (a ) Tj ET Q q 0 0 0 rg BT 388.77 396.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 425.22 396.65 Td (of ) Tj ET Q q 0 0 0 rg BT 437.16 396.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 467.61 396.65 Td (with ) Tj ET Q q 0 0 0 rg BT 488.05 396.65 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 536.51 396.65 Td (similar ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 383.15 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 131.12 383.15 Td (and ) Tj ET Q q 0 0 0 rg BT 147.74 383.15 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 185.37 383.15 Td (the ) Tj ET Q q 0 0 0 rg BT 199.48 383.15 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 246.60 383.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 274.22 383.15 Td (for ) Tj ET Q q 0 0 0 rg BT 286.32 383.15 Td (any ) Tj ET Q q 0 0 0 rg BT 302.44 383.15 Td (onerous ) Tj ET Q q 0 0 0 rg BT 336.56 383.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 359.68 383.15 Td (provisions ) Tj ET Q q 0 0 0 rg BT 401.80 383.15 Td (as ) Tj ET Q q 0 0 0 rg BT 412.91 383.15 Td (an ) Tj ET Q q 0 0 0 rg BT 424.53 383.15 Td (alternative ) Tj ET Q q 0 0 0 rg BT 467.65 383.15 Td (to ) Tj ET Q q 0 0 0 rg BT 476.76 383.15 Td (an ) Tj ET Q q 0 0 0 rg BT 488.38 383.15 Td (impairment ) Tj ET Q q 0 0 0 rg BT 534.49 383.15 Td (review) Tj ET Q q 0 0 0 rg BT 560.00 383.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 363.65 Td (The ) Tj ET Q q 0 0 0 rg BT 90.56 363.65 Td (adoption ) Tj ET Q q 0 0 0 rg BT 128.14 363.65 Td (of ) Tj ET Q q 0 0 0 rg BT 138.69 363.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 162.24 363.65 Td (16 ) Tj ET Q q 0 0 0 rg BT 175.29 363.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 210.36 363.65 Td (in ) Tj ET Q q 0 0 0 rg BT 220.41 363.65 Td (a ) Tj ET Q q 0 0 0 rg BT 228.47 363.65 Td (material ) Tj ET Q q 0 0 0 rg BT 263.52 363.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 300.59 363.65 Td (to ) Tj ET Q q 0 0 0 rg BT 311.14 363.65 Td (the ) Tj ET Q q 0 0 0 rg BT 326.70 363.65 Td (Company) Tj ET Q q 0 0 0 rg BT 367.05 363.65 Td (s ) Tj ET Q q 0 0 0 rg BT 374.60 363.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.66 363.65 Td (and ) Tj ET Q q 0 0 0 rg BT 421.72 363.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 458.79 363.65 Td (through ) Tj ET Q q 0 0 0 rg BT 492.36 363.65 Td (the ) Tj ET Q q 0 0 0 rg BT 507.92 363.65 Td (recognition ) Tj ET Q q 0 0 0 rg BT 554.99 363.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 350.15 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 120.06 350.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 148.62 350.15 Td (and ) Tj ET Q q 0 0 0 rg BT 166.18 350.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 190.24 350.15 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 229.29 350.15 Td (Please ) Tj ET Q q 0 0 0 rg BT 259.35 350.15 Td (refer ) Tj ET Q q 0 0 0 rg BT 280.40 350.15 Td (to ) Tj ET Q q 0 0 0 rg BT 290.45 350.15 Td (note ) Tj ET Q q 0 0 0 rg BT 310.51 350.15 Td (3 ) Tj ET Q q 0 0 0 rg BT 318.06 350.15 Td (of ) Tj ET Q q 0 0 0 rg BT 328.11 350.15 Td (our ) Tj ET Q q 0 0 0 rg BT 343.66 350.15 Td (audited ) Tj ET Q q 0 0 0 rg BT 375.73 350.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 428.81 350.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.38 350.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 510.94 350.15 Td (for ) Tj ET Q q 0 0 0 rg BT 523.99 350.15 Td (additional ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 336.65 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 311.95 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 131.51 311.95 Td (to ) Tj ET Q q 0 0 0 rg BT 142.51 311.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 165.51 311.95 Td (9, ) Tj ET Q q 0 0 0 rg BT 175.51 311.95 Td (IAS ) Tj ET Q q 0 0 0 rg BT 193.02 311.95 Td (39 ) Tj ET Q q 0 0 0 rg BT 205.53 311.95 Td (and ) Tj ET Q q 0 0 0 rg BT 224.03 311.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 247.03 311.95 Td (7 ) Tj ET Q q 0 0 0 rg BT 254.54 311.95 Td (- ) Tj ET Q q 0 0 0 rg BT 260.03 311.95 Td (Interest ) Tj ET Q q 0 0 0 rg BT 295.04 311.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 314.06 311.95 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 364.57 311.95 Td (reform) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 292.45 Td (In ) Tj ET Q q 0 0 0 rg BT 82.57 292.45 Td (September ) Tj ET Q q 0 0 0 rg BT 129.67 292.45 Td (2019, ) Tj ET Q q 0 0 0 rg BT 155.26 292.45 Td (the ) Tj ET Q q 0 0 0 rg BT 170.84 292.45 Td (IASB ) Tj ET Q q 0 0 0 rg BT 194.41 292.45 Td (has ) Tj ET Q q 0 0 0 rg BT 211.99 292.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 252.59 292.45 Td (some ) Tj ET Q q 0 0 0 rg BT 277.67 292.45 Td (of ) Tj ET Q q 0 0 0 rg BT 288.24 292.45 Td (its ) Tj ET Q q 0 0 0 rg BT 300.31 292.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 355.90 292.45 Td (to ) Tj ET Q q 0 0 0 rg BT 366.48 292.45 Td (address ) Tj ET Q q 0 0 0 rg BT 401.56 292.45 Td (the ) Tj ET Q q 0 0 0 rg BT 417.14 292.45 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 464.24 292.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 493.82 292.45 Td (from ) Tj ET Q q 0 0 0 rg BT 514.88 292.45 Td (the ) Tj ET Q q 0 0 0 rg BT 530.46 292.45 Td (planned ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 278.95 Td (phasing ) Tj ET Q q 0 0 0 rg BT 105.97 278.95 Td (out ) Tj ET Q q 0 0 0 rg BT 120.92 278.95 Td (of ) Tj ET Q q 0 0 0 rg BT 130.86 278.95 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 181.32 278.95 Td (benchmarks ) Tj ET Q q 0 0 0 rg BT 232.79 278.95 Td (such ) Tj ET Q q 0 0 0 rg BT 254.24 278.95 Td (as ) Tj ET Q q 0 0 0 rg BT 266.18 278.95 Td (interbank ) Tj ET Q q 0 0 0 rg BT 305.65 278.95 Td (of) Tj ET Q q 0 0 0 rg BT 312.99 278.95 Td (fered ) Tj ET Q q 0 0 0 rg BT 335.94 278.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 358.39 278.95 Td (\(IBORs\). ) Tj ET Q q 0 0 0 rg BT 395.67 278.95 Td (The ) Tj ET Q q 0 0 0 rg BT 413.62 278.95 Td (amendments ) Tj ET Q q 0 0 0 rg BT 468.09 278.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 500.05 278.95 Td (temporary ) Tj ET Q q 0 0 0 rg BT 543.00 278.95 Td (relief ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 265.45 Td (from ) Tj ET Q q 0 0 0 rg BT 93.47 265.45 Td (applying ) Tj ET Q q 0 0 0 rg BT 130.48 265.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 163.96 265.45 Td (hedge ) Tj ET Q q 0 0 0 rg BT 192.46 265.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.47 265.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 295.47 265.45 Td (af) Tj ET Q q 0 0 0 rg BT 302.81 265.45 Td (fected ) Tj ET Q q 0 0 0 rg BT 330.80 265.45 Td (by ) Tj ET Q q 0 0 0 rg BT 343.78 265.45 Td (the ) Tj ET Q q 0 0 0 rg BT 359.77 265.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.76 265.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 411.74 265.45 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 459.73 265.45 Td (reform. ) Tj ET Q q 0 0 0 rg BT 491.49 265.45 Td (The ) Tj ET Q q 0 0 0 rg BT 510.47 265.45 Td (amendments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 251.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.83 251.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 125.65 251.95 Td (9 ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 133.97 251.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 173.31 251.95 Td (instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.83 251.95 Td (, ) Tj ET Q q 0 0 0 rg BT 225.65 251.95 Td (IAS ) Tj ET Q q 0 0 0 rg BT 243.47 251.95 Td (39 ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 256.80 251.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.14 251.95 Td (instruments: ) Tj ET Q q 0 0 0 rg BT 348.48 251.95 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 399.33 251.95 Td (and ) Tj ET Q q 0 0 0 rg BT 417.66 251.95 Td (measurement ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.01 251.95 Td (and ) Tj ET Q q 0 0 0 rg BT 494.34 251.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 518.16 251.95 Td (7 ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.49 251.95 Td (Financial ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 238.45 Td (instruments: ) Tj ET Q q 0 0 0 rg BT 124.11 238.45 Td (Disclosures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 170.62 238.45 Td (. ) Tj ET Q q 0 0 0 rg BT 176.02 238.45 Td (The ) Tj ET Q q 0 0 0 rg BT 194.62 238.45 Td (amendments ) Tj ET Q q 0 0 0 rg BT 249.74 238.45 Td (come ) Tj ET Q q 0 0 0 rg BT 274.85 238.45 Td (into ) Tj ET Q q 0 0 0 rg BT 292.45 238.45 Td (ef) Tj ET Q q 0 0 0 rg BT 299.80 238.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 317.40 238.45 Td (for ) Tj ET Q q 0 0 0 rg BT 331.00 238.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 361.12 238.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 393.73 238.45 Td (beginning ) Tj ET Q q 0 0 0 rg BT 435.86 238.45 Td (on ) Tj ET Q q 0 0 0 rg BT 448.97 238.45 Td (or ) Tj ET Q q 0 0 0 rg BT 460.07 238.45 Td (after ) Tj ET Q q 0 0 0 rg BT 481.17 238.45 Td (January ) Tj ET Q q 0 0 0 rg BT 516.28 238.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 526.88 238.45 Td (2020 ) Tj ET Q q 0 0 0 rg BT 550.00 238.45 Td (but ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 224.95 Td (early ) Tj ET Q q 0 0 0 rg BT 94.33 224.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 131.69 224.95 Td (is ) Tj ET Q q 0 0 0 rg BT 141.01 224.95 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 183.66 224.95 Td (The ) Tj ET Q q 0 0 0 rg BT 201.99 224.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.33 224.95 Td (elected ) Tj ET Q q 0 0 0 rg BT 275.18 224.95 Td (to ) Tj ET Q q 0 0 0 rg BT 285.51 224.95 Td (early ) Tj ET Q q 0 0 0 rg BT 307.84 224.95 Td (adopt ) Tj ET Q q 0 0 0 rg BT 333.18 224.95 Td (the) Tj ET Q q 0 0 0 rg BT 347.70 224.95 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 403.54 224.95 Td (to ) Tj ET Q q 0 0 0 rg BT 413.87 224.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 437.20 224.95 Td (9, ) Tj ET Q q 0 0 0 rg BT 447.53 224.95 Td (IAS ) Tj ET Q q 0 0 0 rg BT 464.85 224.95 Td (39 ) Tj ET Q q 0 0 0 rg BT 477.69 224.95 Td (and ) Tj ET Q q 0 0 0 rg BT 495.53 224.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 518.85 224.95 Td (7 ) Tj ET Q q 0 0 0 rg BT 526.68 224.95 Td (- ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 532.50 224.95 Td (Interest ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 211.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 90.21 211.45 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 137.43 211.45 Td (reform) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.44 211.45 Td (as ) Tj ET Q q 0 0 0 rg BT 178.14 211.45 Td (at ) Tj ET Q q 0 0 0 rg BT 188.35 211.45 Td (October ) Tj ET Q q 0 0 0 rg BT 223.07 211.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 233.28 211.45 Td (2019and ) Tj ET Q q 0 0 0 rg BT 273.52 211.45 Td (applied ) Tj ET Q q 0 0 0 rg BT 305.24 211.45 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 365.97 211.45 Td (the ) Tj ET Q q 0 0 0 rg BT 381.18 211.45 Td (reform ) Tj ET Q q 0 0 0 rg BT 409.89 211.45 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 211.45 Td (hedging ) Tj ET Q q 0 0 0 rg BT 454.83 211.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 503.56 211.45 Td (that ) Tj ET Q q 0 0 0 rg BT 521.27 211.45 Td (existed ) Tj ET Q q 0 0 0 rg BT 552.49 211.45 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 197.95 Td (application ) Tj ET Q q 0 0 0 rg BT 132.54 197.95 Td (date ) Tj ET Q q 0 0 0 rg BT 152.56 197.95 Td (and ) Tj ET Q q 0 0 0 rg BT 170.08 197.95 Td (to ) Tj ET Q q 0 0 0 rg BT 180.08 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 195.10 197.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 227.61 197.95 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 281.14 197.95 Td (in ) Tj ET Q q 0 0 0 rg BT 290.65 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 305.66 197.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 327.17 197.95 Td (flow ) Tj ET Q q 0 0 0 rg BT 345.68 197.95 Td (hedge ) Tj ET Q q 0 0 0 rg BT 373.21 197.95 Td (reserve ) Tj ET Q q 0 0 0 rg BT 405.72 197.95 Td (at ) Tj ET Q q 0 0 0 rg BT 415.72 197.95 Td (that ) Tj ET Q q 0 0 0 rg BT 433.23 197.95 Td (date.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 178.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.02 178.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.05 178.45 Td (has ) Tj ET Q q 0 0 0 rg BT 148.08 178.45 Td (a ) Tj ET Q q 0 0 0 rg BT 155.59 178.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 175.62 178.45 Td (expiring ) Tj ET Q q 0 0 0 rg BT 209.65 178.45 Td (in ) Tj ET Q q 0 0 0 rg BT 219.17 178.45 Td (December ) Tj ET Q q 0 0 0 rg BT 263.20 178.45 Td (2023 ) Tj ET Q q 0 0 0 rg BT 285.73 178.45 Td (with ) Tj ET Q q 0 0 0 rg BT 304.25 178.45 Td (a ) Tj ET Q q 0 0 0 rg BT 311.77 178.45 Td (principal ) Tj ET Q q 0 0 0 rg BT 347.80 178.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.33 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 390.35 178.45 Td (US$500.0 ) Tj ET Q q 0 0 0 rg BT 432.89 178.45 Td (million ) Tj ET Q q 0 0 0 rg BT 460.91 178.45 Td (bearing ) Tj ET Q q 0 0 0 rg BT 493.45 178.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 525.47 178.45 Td (based ) Tj ET Q q 0 0 0 rg BT 552.51 178.45 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 164.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.92 164.95 Td (1 ) Tj ET Q q 0 0 0 rg BT 94.34 164.95 Td (month ) Tj ET Q q 0 0 0 rg BT 121.76 164.95 Td (USD ) Tj ET Q q 0 0 0 rg BT 143.18 164.95 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 172.60 164.95 Td (rate. ) Tj ET Q q 0 0 0 rg BT 192.86 164.95 Td (The ) Tj ET Q q 0 0 0 rg BT 210.78 164.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 230.71 164.95 Td (has ) Tj ET Q q 0 0 0 rg BT 247.63 164.95 Td (a ) Tj ET Q q 0 0 0 rg BT 255.05 164.95 Td (carrying ) Tj ET Q q 0 0 0 rg BT 289.47 164.95 Td (value ) Tj ET Q q 0 0 0 rg BT 313.39 164.95 Td (of ) Tj ET Q q 0 0 0 rg BT 323.31 164.95 Td ($666.3 ) Tj ET Q q 0 0 0 rg BT 353.25 164.95 Td (million ) Tj ET Q q 0 0 0 rg BT 381.17 164.95 Td (as ) Tj ET Q q 0 0 0 rg BT 393.08 164.95 Td (at ) Tj ET Q q 0 0 0 rg BT 403.00 164.95 Td (September ) Tj ET Q q 0 0 0 rg BT 449.43 164.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 464.36 164.95 Td (2020. ) Tj ET Q q 0 0 0 rg BT 489.13 164.95 Td (The ) Tj ET Q q 0 0 0 rg BT 507.05 164.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.98 164.95 Td (has ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 151.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 105.07 151.45 Td (into ) Tj ET Q q 0 0 0 rg BT 122.13 151.45 Td (cross-currency ) Tj ET Q q 0 0 0 rg BT 183.69 151.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 215.75 151.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 233.80 151.45 Td (swaps ) Tj ET Q q 0 0 0 rg BT 261.86 151.45 Td (with ) Tj ET Q q 0 0 0 rg BT 280.41 151.45 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 323.49 151.45 Td (notional ) Tj ET Q q 0 0 0 rg BT 357.57 151.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 394.63 151.45 Td (of ) Tj ET Q q 0 0 0 rg BT 404.68 151.45 Td (US$500.0 ) Tj ET Q q 0 0 0 rg BT 447.26 151.45 Td (million ) Tj ET Q q 0 0 0 rg BT 475.31 151.45 Td (maturing ) Tj ET Q q 0 0 0 rg BT 512.88 151.45 Td (on ) Tj ET Q q 0 0 0 rg BT 525.43 151.45 Td (the ) Tj ET Q q 0 0 0 rg BT 540.49 151.45 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 137.95 Td (date ) Tj ET Q q 0 0 0 rg BT 92.25 137.95 Td (as ) Tj ET Q q 0 0 0 rg BT 104.49 137.95 Td (the ) Tj ET Q q 0 0 0 rg BT 119.74 137.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 139.99 137.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 158.23 137.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 193.00 137.95 Td (instruments\) ) Tj ET Q q 0 0 0 rg BT 245.25 137.95 Td (on ) Tj ET Q q 0 0 0 rg BT 257.99 137.95 Td (which ) Tj ET Q q 0 0 0 rg BT 283.74 137.95 Td (it ) Tj ET Q q 0 0 0 rg BT 290.97 137.95 Td (receives ) Tj ET Q q 0 0 0 rg BT 327.22 137.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.47 137.95 Td (based ) Tj ET Q q 0 0 0 rg BT 386.72 137.95 Td (on ) Tj ET Q q 0 0 0 rg BT 399.47 137.95 Td (the ) Tj ET Q q 0 0 0 rg BT 414.72 137.95 Td (same ) Tj ET Q q 0 0 0 rg BT 439.46 137.95 Td (1 ) Tj ET Q q 0 0 0 rg BT 447.20 137.95 Td (month ) Tj ET Q q 0 0 0 rg BT 474.95 137.95 Td (USD ) Tj ET Q q 0 0 0 rg BT 496.68 137.95 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 526.43 137.95 Td (rate. ) Tj ET Q q 0 0 0 rg BT 546.99 137.95 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 124.45 Td (cross-currency ) Tj ET Q q 0 0 0 rg BT 133.51 124.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.52 124.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 183.53 124.45 Td (swaps ) Tj ET Q q 0 0 0 rg BT 211.54 124.45 Td (were ) Tj ET Q q 0 0 0 rg BT 233.55 124.45 Td (designated ) Tj ET Q q 0 0 0 rg BT 280.09 124.45 Td (as ) Tj ET Q q 0 0 0 rg BT 292.10 124.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.61 124.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 332.11 124.45 Td (hedge ) Tj ET Q q 0 0 0 rg BT 359.64 124.45 Td (for ) Tj ET Q q 0 0 0 rg BT 372.64 124.45 Td (the ) Tj ET Q q 0 0 0 rg BT 387.65 124.45 Td (debt. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 104.95 Td (During ) Tj ET Q q 0 0 0 rg BT 100.67 104.95 Td (the ) Tj ET Q q 0 0 0 rg BT 115.34 104.95 Td (year ) Tj ET Q q 0 0 0 rg BT 135.01 104.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.20 104.95 Td (September ) Tj ET Q q 0 0 0 rg BT 208.38 104.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 223.05 104.95 Td (2020, ) Tj ET Q q 0 0 0 rg BT 247.73 104.95 Td (the ) Tj ET Q q 0 0 0 rg BT 262.40 104.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.08 104.95 Td (entered ) Tj ET Q q 0 0 0 rg BT 335.77 104.95 Td (into ) Tj ET Q q 0 0 0 rg BT 352.44 104.95 Td (the ) Tj ET Q q 0 0 0 rg BT 367.11 104.95 Td (2020 ) Tj ET Q q 0 0 0 rg BT 389.15 104.95 Td (T) Tj ET Q q 0 0 0 rg BT 393.65 104.95 Td (erm ) Tj ET Q q 0 0 0 rg BT 411.31 104.95 Td (Loan ) Tj ET Q q 0 0 0 rg BT 433.49 104.95 Td (for ) Tj ET Q q 0 0 0 rg BT 446.15 104.95 Td (a ) Tj ET Q q 0 0 0 rg BT 453.32 104.95 Td (total ) Tj ET Q q 0 0 0 rg BT 472.49 104.95 Td (principal ) Tj ET Q q 0 0 0 rg BT 508.16 104.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 540.34 104.95 Td (of ) Tj ET Q q 0 0 0 rg BT 550.01 104.95 Td (US) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 91.45 Td ($1,250.0 ) Tj ET Q q 0 0 0 rg BT 109.29 91.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 139.55 91.45 Td (please ) Tj ET Q q 0 0 0 rg BT 168.33 91.45 Td (refer ) Tj ET Q q 0 0 0 rg BT 189.09 91.45 Td (to ) Tj ET Q q 0 0 0 rg BT 198.85 91.45 Td (note ) Tj ET Q q 0 0 0 rg BT 218.63 91.45 Td (32 ) Tj ET Q q 0 0 0 rg BT 230.89 91.45 Td (of ) Tj ET Q q 0 0 0 rg BT 240.66 91.45 Td (our ) Tj ET Q q 0 0 0 rg BT 255.92 91.45 Td (audited ) Tj ET Q q 0 0 0 rg BT 287.70 91.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 340.50 91.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.77 91.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 422.05 91.45 Td (for ) Tj ET Q q 0 0 0 rg BT 434.81 91.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.60 91.45 Td (information. ) Tj ET Q q 0 0 0 rg BT 524.73 91.45 Td (The ) Tj ET Q q 0 0 0 rg BT 542.49 91.45 Td (2020 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 77.95 Td (T) Tj ET Q q 0 0 0 rg BT 76.50 77.95 Td (erm ) Tj ET Q q 0 0 0 rg BT 94.08 77.95 Td (Loan ) Tj ET Q q 0 0 0 rg BT 116.18 77.95 Td (expires ) Tj ET Q q 0 0 0 rg BT 147.27 77.95 Td (in ) Tj ET Q q 0 0 0 rg BT 156.35 77.95 Td (March ) Tj ET Q q 0 0 0 rg BT 183.44 77.95 Td (2022, ) Tj ET Q q 0 0 0 rg BT 208.04 77.95 Td (bears ) Tj ET Q q 0 0 0 rg BT 232.63 77.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 264.23 77.95 Td (based ) Tj ET Q q 0 0 0 rg BT 290.83 77.95 Td (on ) Tj ET Q q 0 0 0 rg BT 302.92 77.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.51 77.95 Td (1 ) Tj ET Q q 0 0 0 rg BT 324.59 77.95 Td (month ) Tj ET Q q 0 0 0 rg BT 351.68 77.95 Td (USD ) Tj ET Q q 0 0 0 rg BT 372.76 77.95 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 401.85 77.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 419.44 77.95 Td (and ) Tj ET Q q 0 0 0 rg BT 436.53 77.95 Td (has ) Tj ET Q q 0 0 0 rg BT 453.12 77.95 Td (a ) Tj ET Q q 0 0 0 rg BT 460.21 77.95 Td (carrying ) Tj ET Q q 0 0 0 rg BT 494.30 77.95 Td (value ) Tj ET Q q 0 0 0 rg BT 517.89 77.95 Td (of ) Tj ET Q q 0 0 0 rg BT 527.48 77.95 Td ($1,665.6 ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 64.45 Td (million ) Tj ET Q q 0 0 0 rg BT 100.01 64.45 Td (as ) Tj ET Q q 0 0 0 rg BT 112.01 64.45 Td (at ) Tj ET Q q 0 0 0 rg BT 122.02 64.45 Td (September ) Tj ET Q q 0 0 0 rg BT 168.54 64.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 183.56 64.45 Td (2020.) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (51) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 689.45 Td (For ) Tj ET Q q 0 0 0 rg BT 88.17 689.45 Td (its ) Tj ET Q q 0 0 0 rg BT 99.84 689.45 Td (hedges ) Tj ET Q q 0 0 0 rg BT 132.04 689.45 Td (relationship, ) Tj ET Q q 0 0 0 rg BT 183.24 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 198.42 689.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.61 689.45 Td (assumes ) Tj ET Q q 0 0 0 rg BT 278.30 689.45 Td (that ) Tj ET Q q 0 0 0 rg BT 295.98 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 311.16 689.45 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 340.84 689.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 373.03 689.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 395.71 689.45 Td (used ) Tj ET Q q 0 0 0 rg BT 417.90 689.45 Td (for ) Tj ET Q q 0 0 0 rg BT 431.07 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 446.25 689.45 Td (settlements ) Tj ET Q q 0 0 0 rg BT 494.94 689.45 Td (on ) Tj ET Q q 0 0 0 rg BT 507.63 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 522.81 689.45 Td (debts ) Tj ET Q q 0 0 0 rg BT 547.50 689.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 675.95 Td (swaps ) Tj ET Q q 0 0 0 rg BT 115.02 675.95 Td (will ) Tj ET Q q 0 0 0 rg BT 130.02 675.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 166.55 675.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.55 675.95 Td (be ) Tj ET Q q 0 0 0 rg BT 189.07 675.95 Td (available ) Tj ET Q q 0 0 0 rg BT 227.09 675.95 Td (beyond ) Tj ET Q q 0 0 0 rg BT 259.12 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 274.13 675.95 Td (planned ) Tj ET Q q 0 0 0 rg BT 308.66 675.95 Td (phase ) Tj ET Q q 0 0 0 rg BT 335.69 675.95 Td (out ) Tj ET Q q 0 0 0 rg BT 350.70 675.95 Td (date ) Tj ET Q q 0 0 0 rg BT 370.71 675.95 Td (at ) Tj ET Q q 0 0 0 rg BT 380.72 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 395.73 675.95 Td (end ) Tj ET Q q 0 0 0 rg BT 413.25 675.95 Td (of ) Tj ET Q q 0 0 0 rg BT 423.25 675.95 Td (December ) Tj ET Q q 0 0 0 rg BT 467.27 675.95 Td (2021.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 636.95 Td (FUTURE ) Tj ET Q q 0 0 0 rg BT 110.66 636.95 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 174.16 636.95 Td (ST) Tj ET Q q 0 0 0 rg BT 184.99 636.95 Td (ANDARD ) Tj ET Q q 0 0 0 rg BT 226.49 636.95 Td (CHANGE ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 617.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 617.45 Td (following ) Tj ET Q q 0 0 0 rg BT 127.53 617.45 Td (standards ) Tj ET Q q 0 0 0 rg BT 169.55 617.45 Td (have ) Tj ET Q q 0 0 0 rg BT 191.57 617.45 Td (been ) Tj ET Q q 0 0 0 rg BT 214.09 617.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 242.61 617.45 Td (but ) Tj ET Q q 0 0 0 rg BT 257.62 617.45 Td (are ) Tj ET Q q 0 0 0 rg BT 273.13 617.45 Td (not ) Tj ET Q q 0 0 0 rg BT 288.14 617.45 Td (yet ) Tj ET Q q 0 0 0 rg BT 302.65 617.45 Td (ef) Tj ET Q q 0 0 0 rg BT 309.99 617.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 338.50 617.45 Td (as ) Tj ET Q q 0 0 0 rg BT 350.51 617.45 Td (of ) Tj ET Q q 0 0 0 rg BT 360.51 617.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 422.05 617.45 Td (2020.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 597.95 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 102.50 597.95 Td (reform ) Tj ET Q q 0 0 0 rg BT 133.51 597.95 Td (with ) Tj ET Q q 0 0 0 rg BT 154.00 597.95 Td (amendments ) Tj ET Q q 0 0 0 rg BT 212.02 597.95 Td (to ) Tj ET Q q 0 0 0 rg BT 223.01 597.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 246.01 597.95 Td (9, ) Tj ET Q q 0 0 0 rg BT 256.02 597.95 Td (IAS ) Tj ET Q q 0 0 0 rg BT 273.52 597.95 Td (29, ) Tj ET Q q 0 0 0 rg BT 288.54 597.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 311.54 597.95 Td (7 ) Tj ET Q q 0 0 0 rg BT 319.04 597.95 Td (and ) Tj ET Q q 0 0 0 rg BT 337.54 597.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 360.54 597.95 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 578.45 Td (In ) Tj ET Q q 0 0 0 rg BT 81.90 578.45 Td (August ) Tj ET Q q 0 0 0 rg BT 112.92 578.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 138.43 578.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.94 578.45 Td (IASB ) Tj ET Q q 0 0 0 rg BT 177.44 578.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 206.45 578.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 239.45 578.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 261.46 578.45 Td (Benchmark ) Tj ET Q q 0 0 0 rg BT 309.97 578.45 Td (Reform-Phase ) Tj ET Q q 0 0 0 rg BT 370.98 578.45 Td (2, ) Tj ET Q q 0 0 0 rg BT 381.48 578.45 Td (which ) Tj ET Q q 0 0 0 rg BT 407.48 578.45 Td (amends ) Tj ET Q q 0 0 0 rg BT 442.49 578.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 465.99 578.45 Td (9 ) Tj ET Q q 0 0 0 rg BT 473.98 578.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 512.99 578.45 Td (Instruments, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 564.95 Td (IAS ) Tj ET Q q 0 0 0 rg BT 88.23 564.95 Td (39 ) Tj ET Q q 0 0 0 rg BT 99.96 564.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.69 564.95 Td (Instruments: ) Tj ET Q q 0 0 0 rg BT 188.93 564.95 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 238.18 564.95 Td (and ) Tj ET Q q 0 0 0 rg BT 254.92 564.95 Td (Measurement, ) Tj ET Q q 0 0 0 rg BT 314.16 564.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 336.38 564.95 Td (7 ) Tj ET Q q 0 0 0 rg BT 343.10 564.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 380.84 564.95 Td (Instruments: ) Tj ET Q q 0 0 0 rg BT 432.08 564.95 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 480.31 564.95 Td (and ) Tj ET Q q 0 0 0 rg BT 497.04 564.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 519.26 564.95 Td (16 ) Tj ET Q q 0 0 0 rg BT 530.99 564.95 Td (Leases. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 551.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.14 551.45 Td (amendments ) Tj ET Q q 0 0 0 rg BT 142.80 551.45 Td (complement ) Tj ET Q q 0 0 0 rg BT 193.45 551.45 Td (those ) Tj ET Q q 0 0 0 rg BT 217.10 551.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 244.75 551.45 Td (in ) Tj ET Q q 0 0 0 rg BT 253.39 551.45 Td (2019 ) Tj ET Q q 0 0 0 rg BT 275.04 551.45 Td (and ) Tj ET Q q 0 0 0 rg BT 291.69 551.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 314.83 551.45 Td (on ) Tj ET Q q 0 0 0 rg BT 326.48 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.62 551.45 Td (ef) Tj ET Q q 0 0 0 rg BT 347.96 551.45 Td (fects ) Tj ET Q q 0 0 0 rg BT 368.60 551.45 Td (on ) Tj ET Q q 0 0 0 rg BT 380.24 551.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.90 551.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 460.55 551.45 Td (when ) Tj ET Q q 0 0 0 rg BT 483.70 551.45 Td (a ) Tj ET Q q 0 0 0 rg BT 490.34 551.45 Td (company ) Tj ET Q q 0 0 0 rg BT 528.49 551.45 Td (replaces ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 537.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.78 537.95 Td (old ) Tj ET Q q 0 0 0 rg BT 101.05 537.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 132.83 537.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 150.61 537.95 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 197.40 537.95 Td (with ) Tj ET Q q 0 0 0 rg BT 215.67 537.95 Td (an ) Tj ET Q q 0 0 0 rg BT 227.94 537.95 Td (alternative ) Tj ET Q q 0 0 0 rg BT 271.73 537.95 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 318.52 537.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 336.29 537.95 Td (as ) Tj ET Q q 0 0 0 rg BT 348.07 537.95 Td (a ) Tj ET Q q 0 0 0 rg BT 355.34 537.95 Td (result ) Tj ET Q q 0 0 0 rg BT 379.61 537.95 Td (of ) Tj ET Q q 0 0 0 rg BT 389.38 537.95 Td (the ) Tj ET Q q 0 0 0 rg BT 404.16 537.95 Td (reform. ) Tj ET Q q 0 0 0 rg BT 434.78 537.95 Td (The ) Tj ET Q q 0 0 0 rg BT 452.56 537.95 Td (standard ) Tj ET Q q 0 0 0 rg BT 489.85 537.95 Td (will ) Tj ET Q q 0 0 0 rg BT 504.61 537.95 Td (be ) Tj ET Q q 0 0 0 rg BT 516.89 537.95 Td (ef) Tj ET Q q 0 0 0 rg BT 524.23 537.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 552.51 537.95 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 524.45 Td (October ) Tj ET Q q 0 0 0 rg BT 105.99 524.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 115.47 524.45 Td (2021 ) Tj ET Q q 0 0 0 rg BT 137.47 524.45 Td (for ) Tj ET Q q 0 0 0 rg BT 149.95 524.45 Td (the ) Tj ET Q q 0 0 0 rg BT 164.44 524.45 Td (Company) Tj ET Q q 0 0 0 rg BT 202.29 524.45 Td (. ) Tj ET Q q 0 0 0 rg BT 206.64 524.45 Td (The ) Tj ET Q q 0 0 0 rg BT 224.12 524.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.62 524.45 Td (is ) Tj ET Q q 0 0 0 rg BT 273.09 524.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 309.58 524.45 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 352.59 524.45 Td (the ) Tj ET Q q 0 0 0 rg BT 367.08 524.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.56 524.45 Td (of ) Tj ET Q q 0 0 0 rg BT 405.04 524.45 Td (this ) Tj ET Q q 0 0 0 rg BT 421.02 524.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 458.03 524.45 Td (on ) Tj ET Q q 0 0 0 rg BT 470.01 524.45 Td (its ) Tj ET Q q 0 0 0 rg BT 480.99 524.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.99 524.45 Td (statements.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (52) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (8. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Critical ) Tj ET Q q 0 0 0 rg BT 115.57 706.80 Td (Accounting Estimates) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 694.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 142.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 690.3 m 228.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 690.3 m 337.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 690.3 m 475.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 690.3 m 561.5 690.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 57.5 686.3 l s BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 673.30 Td (The ) Tj ET Q q 0 0 0 rg BT 90.03 673.30 Td (Company) Tj ET Q q 0 0 0 rg BT 130.39 673.30 Td (s ) Tj ET Q q 0 0 0 rg BT 137.41 673.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 179.96 673.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 226.01 673.30 Td (policies ) Tj ET Q q 0 0 0 rg BT 258.55 673.30 Td (are ) Tj ET Q q 0 0 0 rg BT 274.08 673.30 Td (described ) Tj ET Q q 0 0 0 rg BT 315.63 673.30 Td (in ) Tj ET Q q 0 0 0 rg BT 325.16 673.30 Td (note ) Tj ET Q q 0 0 0 rg BT 345.20 673.30 Td (3 ) Tj ET Q q 0 0 0 rg BT 352.73 673.30 Td (of ) Tj ET Q q 0 0 0 rg BT 362.76 673.30 Td (the ) Tj ET Q q 0 0 0 rg BT 377.79 673.30 Td (audited ) Tj ET Q q 0 0 0 rg BT 409.84 673.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 462.91 673.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.45 673.30 Td (statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.99 673.30 Td (year ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 100.47 659.80 Td (September ) Tj ET Q q 0 0 0 rg BT 147.95 659.80 Td (30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 160.46 659.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.91 659.80 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.93 659.80 Td (. ) Tj ET Q q 0 0 0 rg BT 189.88 659.80 Td (Certain ) Tj ET Q q 0 0 0 rg BT 222.34 659.80 Td (of ) Tj ET Q q 0 0 0 rg BT 233.29 659.80 Td (these ) Tj ET Q q 0 0 0 rg BT 258.75 659.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 305.73 659.80 Td (policies, ) Tj ET Q q 0 0 0 rg BT 341.70 659.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 366.15 659.80 Td (below) Tj ET Q q 0 0 0 rg BT 389.17 659.80 Td (, ) Tj ET Q q 0 0 0 rg BT 395.12 659.80 Td (require ) Tj ET Q q 0 0 0 rg BT 426.58 659.80 Td (management ) Tj ET Q q 0 0 0 rg BT 482.56 659.80 Td (to ) Tj ET Q q 0 0 0 rg BT 493.52 659.80 Td (make ) Tj ET Q q 0 0 0 rg BT 518.97 659.80 Td (accounting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 646.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 112.60 646.30 Td (and ) Tj ET Q q 0 0 0 rg BT 129.70 646.30 Td (judgements ) Tj ET Q q 0 0 0 rg BT 178.32 646.30 Td (that ) Tj ET Q q 0 0 0 rg BT 195.42 646.30 Td (af) Tj ET Q q 0 0 0 rg BT 202.76 646.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 219.35 646.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.95 646.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 269.56 646.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 306.16 646.30 Td (of ) Tj ET Q q 0 0 0 rg BT 315.76 646.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 346.35 646.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.45 646.30 Td (and ) Tj ET Q q 0 0 0 rg BT 399.56 646.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 425.66 646.30 Td (and ) Tj ET Q q 0 0 0 rg BT 442.76 646.30 Td (the ) Tj ET Q q 0 0 0 rg BT 457.36 646.30 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 517.48 646.30 Td (disclosures ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 632.80 Td (at ) Tj ET Q q 0 0 0 rg BT 81.73 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.46 632.80 Td (date ) Tj ET Q q 0 0 0 rg BT 116.20 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 125.92 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.65 632.80 Td (audited ) Tj ET Q q 0 0 0 rg BT 172.40 632.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.16 632.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.40 632.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.64 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 318.37 632.80 Td (well ) Tj ET Q q 0 0 0 rg BT 336.09 632.80 Td (as ) Tj ET Q q 0 0 0 rg BT 347.82 632.80 Td (the ) Tj ET Q q 0 0 0 rg BT 362.55 632.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 398.29 632.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 435.03 632.80 Td (of ) Tj ET Q q 0 0 0 rg BT 444.76 632.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 479.50 632.80 Td (and ) Tj ET Q q 0 0 0 rg BT 496.74 632.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 537.49 632.80 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 619.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.13 619.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 123.28 619.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 152.31 619.30 Td (These ) Tj ET Q q 0 0 0 rg BT 178.95 619.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 224.10 619.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 264.24 619.30 Td (are ) Tj ET Q q 0 0 0 rg BT 278.87 619.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 324.52 619.30 Td (critical ) Tj ET Q q 0 0 0 rg BT 351.65 619.30 Td (because ) Tj ET Q q 0 0 0 rg BT 387.30 619.30 Td (they ) Tj ET Q q 0 0 0 rg BT 405.93 619.30 Td (require ) Tj ET Q q 0 0 0 rg BT 435.57 619.30 Td (management ) Tj ET Q q 0 0 0 rg BT 489.72 619.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.85 619.30 Td (make ) Tj ET Q q 0 0 0 rg BT 522.48 619.30 Td (subjective ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 605.80 Td (and/or ) Tj ET Q q 0 0 0 rg BT 99.77 605.80 Td (complex ) Tj ET Q q 0 0 0 rg BT 135.53 605.80 Td (judgements ) Tj ET Q q 0 0 0 rg BT 184.30 605.80 Td (that ) Tj ET Q q 0 0 0 rg BT 201.56 605.80 Td (are ) Tj ET Q q 0 0 0 rg BT 216.82 605.80 Td (inherently ) Tj ET Q q 0 0 0 rg BT 258.09 605.80 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 297.36 605.80 Td (and ) Tj ET Q q 0 0 0 rg BT 314.62 605.80 Td (because ) Tj ET Q q 0 0 0 rg BT 350.90 605.80 Td (they ) Tj ET Q q 0 0 0 rg BT 370.16 605.80 Td (could ) Tj ET Q q 0 0 0 rg BT 393.92 605.80 Td (have ) Tj ET Q q 0 0 0 rg BT 415.68 605.80 Td (a ) Tj ET Q q 0 0 0 rg BT 422.94 605.80 Td (material ) Tj ET Q q 0 0 0 rg BT 457.19 605.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 485.95 605.80 Td (on ) Tj ET Q q 0 0 0 rg BT 498.21 605.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.97 605.80 Td (presentation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 592.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.01 592.30 Td (our ) Tj ET Q q 0 0 0 rg BT 97.51 592.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.04 592.30 Td (condition, ) Tj ET Q q 0 0 0 rg BT 174.06 592.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 210.59 592.30 Td (in ) Tj ET Q q 0 0 0 rg BT 220.10 592.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.62 592.30 Td (condition ) Tj ET Q q 0 0 0 rg BT 294.14 592.30 Td (or ) Tj ET Q q 0 0 0 rg BT 304.65 592.30 Td (results ) Tj ET Q q 0 0 0 rg BT 333.65 592.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.66 592.30 Td (operations.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.35 572.80 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 142.21 572.80 Td (around ) Tj ET Q q 0 0 0 rg BT 172.07 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 186.42 572.80 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 229.77 572.80 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 270.63 572.80 Td (required ) Tj ET Q q 0 0 0 rg BT 305.49 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.84 572.80 Td (use ) Tj ET Q q 0 0 0 rg BT 336.19 572.80 Td (of ) Tj ET Q q 0 0 0 rg BT 345.53 572.80 Td (judgements ) Tj ET Q q 0 0 0 rg BT 393.90 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.75 572.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 451.10 572.80 Td (which ) Tj ET Q q 0 0 0 rg BT 475.95 572.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.80 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 518.65 572.80 Td (no ) Tj ET Q q 0 0 0 rg BT 530.49 572.80 Td (material ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 559.30 Td (impact, ) Tj ET Q q 0 0 0 rg BT 103.83 559.30 Td (outside ) Tj ET Q q 0 0 0 rg BT 135.67 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.99 559.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 198.83 559.30 Td (costs, ) Tj ET Q q 0 0 0 rg BT 225.16 559.30 Td (for ) Tj ET Q q 0 0 0 rg BT 238.48 559.30 Td (the ) Tj ET Q q 0 0 0 rg BT 253.81 559.30 Td (period ) Tj ET Q q 0 0 0 rg BT 281.65 559.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 309.49 559.30 Td (September ) Tj ET Q q 0 0 0 rg BT 356.34 559.30 Td (30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.67 559.30 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.69 559.30 Td (. ) Tj ET Q q 0 0 0 rg BT 396.83 559.30 Td (The ) Tj ET Q q 0 0 0 rg BT 415.15 559.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 457.00 559.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 486.33 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 496.66 559.30 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 540.99 559.30 Td (could ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 545.80 Td (generate, ) Tj ET Q q 0 0 0 rg BT 112.53 545.80 Td (in ) Tj ET Q q 0 0 0 rg BT 122.04 545.80 Td (future ) Tj ET Q q 0 0 0 rg BT 147.55 545.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 185.57 545.80 Td (periods, ) Tj ET Q q 0 0 0 rg BT 220.09 545.80 Td (a ) Tj ET Q q 0 0 0 rg BT 227.60 545.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 270.12 545.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 286.62 545.80 Td (of ) Tj ET Q q 0 0 0 rg BT 296.62 545.80 Td (material ) Tj ET Q q 0 0 0 rg BT 331.13 545.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 382.16 545.80 Td (to ) Tj ET Q q 0 0 0 rg BT 392.16 545.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.18 545.80 Td (following ) Tj ET Q q 0 0 0 rg BT 444.70 545.80 Td (items ) Tj ET Q q 0 0 0 rg BT 468.70 545.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 492.21 545.80 Td (below) Tj ET Q q 0 0 0 rg BT 515.23 545.80 Td (.) Tj ET Q 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 72.50 529.30 124.00 -30.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 196.50 529.30 61.00 -30.00 re f /GS0 gs 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 257.50 529.30 305.00 -30.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 72.50 499.30 124.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 196.50 499.30 61.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 257.50 499.30 61.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 318.50 499.30 61.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 379.50 499.30 61.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 440.50 499.30 61.00 -45.00 re f /GS0 gs 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 501.50 499.30 61.00 -45.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 454.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 454.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 454.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 436.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 436.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 436.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 418.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 418.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 418.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 400.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 400.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 400.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 382.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 382.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 382.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 196.50 364.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 318.50 364.30 61.00 -18.00 re f /GS0 gs 0.6313725490196078 0.7686274509803922 0.8156862745098039 rg /GS0 gs 440.50 364.30 61.00 -18.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 529.3 m 196.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 196.5 529.3 m 257.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 529.3 m 318.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 529.3 m 379.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 529.3 m 440.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 529.3 m 501.5 529.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 529.3 m 562.5 529.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 454.3 m 379.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 454.3 m 196.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 436.3 m 196.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 454.3 m 257.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 436.3 m 257.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 454.3 m 318.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 436.3 m 318.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 454.3 m 379.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 436.3 m 379.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 454.3 m 440.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 436.3 m 440.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 454.3 m 501.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 436.3 m 501.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 454.3 m 562.5 454.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 436.3 m 562.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 418.3 m 196.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 418.3 m 257.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 418.3 m 318.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 436.3 m 379.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 418.3 m 379.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 436.3 m 440.5 436.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 418.3 m 440.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 418.3 m 501.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 418.3 m 562.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 418.3 m 196.5 418.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 400.3 m 196.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 418.3 m 257.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 400.3 m 257.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 418.3 m 318.5 418.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 400.3 m 318.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 418.3 m 379.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 400.3 m 379.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 418.3 m 440.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 400.3 m 440.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 418.3 m 501.5 418.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 400.3 m 501.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 418.3 m 562.5 418.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 400.3 m 562.5 400.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 400.3 m 196.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 382.3 m 196.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 400.3 m 257.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 196.5 382.3 m 257.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 400.3 m 318.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 382.3 m 318.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 400.3 m 379.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 382.3 m 379.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 400.3 m 440.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 382.3 m 440.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 400.3 m 501.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 382.3 m 501.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 400.3 m 562.5 400.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 382.3 m 562.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 382.3 m 196.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 364.3 m 196.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 382.3 m 257.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 364.3 m 257.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 382.3 m 318.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 364.3 m 318.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 382.3 m 379.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 364.3 m 379.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 382.3 m 440.5 382.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 364.3 m 440.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 382.3 m 501.5 382.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 364.3 m 501.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 382.3 m 562.5 382.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 364.3 m 562.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 364.3 m 196.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 72.5 346.3 m 196.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 364.3 m 257.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196.5 346.3 m 257.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 364.3 m 318.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 257.5 346.3 m 318.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 364.3 m 379.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 318.5 346.3 m 379.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 364.3 m 440.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 379.5 346.3 m 440.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 364.3 m 501.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 440.5 346.3 m 501.5 346.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 364.3 m 562.5 364.3 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 501.5 346.3 m 562.5 346.3 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 512.28 Td (Areas impacted by estimates) Tj ET Q BT /F3 8.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 201.15 526.10 50.67 -7.51 re f /GS0 gs q 1 1 1 rg BT 201.15 520.28 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 211.60 518.10 29.79 -7.51 re f /GS0 gs q 1 1 1 rg BT 211.60 512.28 Td (balance) Tj ET Q BT /F3 8.00 Tf ET 0.6 0.12156862745098039 0.23921568627450981 rg /GS0 gs 213.80 510.10 25.35 -7.51 re f /GS0 gs q 1 1 1 rg BT 213.80 504.28 Td (sheets) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 339.25 512.28 Td (Consolidated statements of earnings) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 270.80 474.78 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.70 486.78 Td (Cost of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.35 478.78 Td (services,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.60 470.78 Td (selling and) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.35 462.78 Td (administrative) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 385.05 488.60 48.89 -7.51 re f /GS0 gs q 0 0 0 rg BT 385.05 482.78 Td (Amortization) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 402.35 480.60 14.22 -7.51 re f /GS0 gs q 0 0 0 rg BT 402.35 474.78 Td (and) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 385.70 472.60 47.57 -7.51 re f /GS0 gs q 0 0 0 rg BT 385.70 466.78 Td (depreciation) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 448.90 484.60 43.12 -7.51 re f /GS0 gs q 0 0 0 rg BT 448.90 478.78 Td (Net finance) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 459.35 476.60 22.23 -7.51 re f /GS0 gs q 0 0 0 rg BT 459.35 470.78 Td (Costs) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 517.45 484.60 28.01 -7.51 re f /GS0 gs q 0 0 0 rg BT 517.45 478.78 Td (Income) Tj ET Q BT /F3 8.00 Tf ET 0.6470588235294118 0.6745098039215687 0.6901960784313725 rg /GS0 gs 521.25 476.60 20.46 -7.51 re f /GS0 gs q 0 0 0 rg BT 521.25 470.78 Td (taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 443.28 Td (Revenue recognition) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 148.38 447.09 Td (1) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 442.04 cm /I19 Do Q /GS0 gs q 7.86 0 0 10.76 283.55 442.04 cm /I20 Do Q /GS0 gs q 7.86 0 0 10.76 344.55 442.04 cm /I21 Do Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 425.28 Td (Goodwill impairment) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 424.04 cm /I22 Do Q /GS0 gs q 7.86 0 0 10.76 405.55 424.04 cm /I23 Do Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 407.28 Td (Right-of-use assets) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 406.04 cm /I24 Do Q /GS0 gs q 7.86 0 0 10.76 405.55 406.04 cm /I25 Do Q /GS0 gs q 7.86 0 0 10.76 466.55 406.04 cm /I26 Do Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 389.28 Td (Business combinations) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 388.04 cm /I27 Do Q /GS0 gs q 7.86 0 0 10.76 283.55 388.04 cm /I28 Do Q /GS0 gs q 7.86 0 0 10.76 344.55 388.04 cm /I29 Do Q /GS0 gs q 7.86 0 0 10.76 527.55 388.04 cm /I30 Do Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 371.28 Td (Income taxes) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 370.04 cm /I31 Do Q /GS0 gs q 7.86 0 0 10.76 527.55 370.04 cm /I32 Do Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 353.28 Td (Litigation and claims) Tj ET Q /GS0 gs q 7.86 0 0 10.76 222.55 352.04 cm /I33 Do Q /GS0 gs q 7.86 0 0 10.76 283.55 352.04 cm /I34 Do Q /GS0 gs q 7.86 0 0 10.76 344.55 352.04 cm /I35 Do Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 72.00 335.74 Td (1 ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 332.40 Td (Af) Tj ET Q q 0 0 0 rg BT 91.99 332.40 Td (fects the balance sheet through accounts receivable, work in progress and deferred revenue.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 73.5 308.616796875 m 156.0556640625 308.616796875 l s q 0 0 0 rg BT 73.50 309.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 112.03 309.90 Td (recognition) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 290.40 Td (Relative ) Tj ET Q q 0 0 0 rg BT 107.02 290.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 135.03 290.40 Td (price) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 270.90 Td (If ) Tj ET Q q 0 0 0 rg BT 78.72 270.90 Td (an ) Tj ET Q q 0 0 0 rg BT 90.95 270.90 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 144.20 270.90 Td (involves ) Tj ET Q q 0 0 0 rg BT 178.94 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 193.67 270.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 231.90 270.90 Td (of ) Tj ET Q q 0 0 0 rg BT 241.63 270.90 Td (multiple ) Tj ET Q q 0 0 0 rg BT 274.86 270.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 327.60 270.90 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 375.36 270.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.09 270.90 Td (total ) Tj ET Q q 0 0 0 rg BT 409.32 270.90 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 462.57 270.90 Td (value ) Tj ET Q q 0 0 0 rg BT 486.30 270.90 Td (is ) Tj ET Q q 0 0 0 rg BT 495.02 270.90 Td (allocated ) Tj ET Q q 0 0 0 rg BT 533.27 270.90 Td (to ) Tj ET Q q 0 0 0 rg BT 542.99 270.90 Td (each ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 257.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 124.82 257.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 170.65 257.40 Td (based ) Tj ET Q q 0 0 0 rg BT 197.96 257.40 Td (on ) Tj ET Q q 0 0 0 rg BT 210.77 257.40 Td (its ) Tj ET Q q 0 0 0 rg BT 222.57 257.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 254.38 257.40 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 304.21 257.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 332.52 257.40 Td (price. ) Tj ET Q q 0 0 0 rg BT 356.77 257.40 Td (At ) Tj ET Q q 0 0 0 rg BT 368.06 257.40 Td (least ) Tj ET Q q 0 0 0 rg BT 389.87 257.40 Td (on ) Tj ET Q q 0 0 0 rg BT 402.68 257.40 Td (a ) Tj ET Q q 0 0 0 rg BT 410.48 257.40 Td (yearly ) Tj ET Q q 0 0 0 rg BT 437.28 257.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 463.59 257.40 Td (the ) Tj ET Q q 0 0 0 rg BT 478.90 257.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.21 257.40 Td (reviews ) Tj ET Q q 0 0 0 rg BT 553.51 257.40 Td (its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 243.90 Td (best ) Tj ET Q q 0 0 0 rg BT 90.15 243.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 125.80 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 134.94 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 149.09 243.90 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 197.76 243.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 224.91 243.90 Td (price ) Tj ET Q q 0 0 0 rg BT 246.06 243.90 Td (which ) Tj ET Q q 0 0 0 rg BT 270.71 243.90 Td (is ) Tj ET Q q 0 0 0 rg BT 278.84 243.90 Td (established ) Tj ET Q q 0 0 0 rg BT 326.01 243.90 Td (by ) Tj ET Q q 0 0 0 rg BT 337.15 243.90 Td (using ) Tj ET Q q 0 0 0 rg BT 360.31 243.90 Td (a ) Tj ET Q q 0 0 0 rg BT 366.95 243.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 413.12 243.90 Td (range ) Tj ET Q q 0 0 0 rg BT 437.78 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.92 243.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 472.56 243.90 Td (for ) Tj ET Q q 0 0 0 rg BT 484.70 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.85 243.90 Td (various ) Tj ET Q q 0 0 0 rg BT 529.50 243.90 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 230.40 Td (and ) Tj ET Q q 0 0 0 rg BT 88.57 230.40 Td (solutions ) Tj ET Q q 0 0 0 rg BT 126.14 230.40 Td (of) Tj ET Q q 0 0 0 rg BT 133.48 230.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 156.05 230.40 Td (by ) Tj ET Q q 0 0 0 rg BT 167.61 230.40 Td (the ) Tj ET Q q 0 0 0 rg BT 182.17 230.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.74 230.40 Td (based ) Tj ET Q q 0 0 0 rg BT 249.32 230.40 Td (on ) Tj ET Q q 0 0 0 rg BT 261.38 230.40 Td (local ) Tj ET Q q 0 0 0 rg BT 281.94 230.40 Td (market ) Tj ET Q q 0 0 0 rg BT 311.50 230.40 Td (information ) Tj ET Q q 0 0 0 rg BT 358.07 230.40 Td (available. ) Tj ET Q q 0 0 0 rg BT 398.15 230.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 445.22 230.40 Td (used ) Tj ET Q q 0 0 0 rg BT 466.79 230.40 Td (in ) Tj ET Q q 0 0 0 rg BT 475.85 230.40 Td (determining ) Tj ET Q q 0 0 0 rg BT 524.93 230.40 Td (the ) Tj ET Q q 0 0 0 rg BT 539.49 230.40 Td (range ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 216.90 Td (is ) Tj ET Q q 0 0 0 rg BT 79.80 216.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 107.62 216.90 Td (based ) Tj ET Q q 0 0 0 rg BT 133.94 216.90 Td (on ) Tj ET Q q 0 0 0 rg BT 145.76 216.90 Td (recent ) Tj ET Q q 0 0 0 rg BT 172.58 216.90 Td (contracts ) Tj ET Q q 0 0 0 rg BT 210.89 216.90 Td (signed ) Tj ET Q q 0 0 0 rg BT 239.22 216.90 Td (and ) Tj ET Q q 0 0 0 rg BT 256.04 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.36 216.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 310.68 216.90 Td (environment. ) Tj ET Q q 0 0 0 rg BT 364.15 216.90 Td (A) Tj ET Q q 0 0 0 rg BT 369.66 216.90 Td ( ) Tj ET Q q 0 0 0 rg BT 371.46 216.90 Td (change ) Tj ET Q q 0 0 0 rg BT 402.80 216.90 Td (in ) Tj ET Q q 0 0 0 rg BT 411.60 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 425.92 216.90 Td (range ) Tj ET Q q 0 0 0 rg BT 450.74 216.90 Td (could ) Tj ET Q q 0 0 0 rg BT 474.06 216.90 Td (have ) Tj ET Q q 0 0 0 rg BT 495.39 216.90 Td (a ) Tj ET Q q 0 0 0 rg BT 502.20 216.90 Td (material ) Tj ET Q q 0 0 0 rg BT 536.01 216.90 Td (impact ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 203.40 Td (on ) Tj ET Q q 0 0 0 rg BT 84.01 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.02 203.40 Td (allocation ) Tj ET Q q 0 0 0 rg BT 139.55 203.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.56 203.40 Td (total ) Tj ET Q q 0 0 0 rg BT 169.07 203.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 222.60 203.40 Td (value, ) Tj ET Q q 0 0 0 rg BT 249.11 203.40 Td (and ) Tj ET Q q 0 0 0 rg BT 266.63 203.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 305.15 203.40 Td (on ) Tj ET Q q 0 0 0 rg BT 317.66 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 332.68 203.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 365.20 203.40 Td (and ) Tj ET Q q 0 0 0 rg BT 382.71 203.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 409.22 203.40 Td (of ) Tj ET Q q 0 0 0 rg BT 419.23 203.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 454.25 203.40 Td (recognition.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 71.50 183.90 Td (System ) Tj ET Q q 0 0 0 rg BT 104.01 183.90 Td (integration ) Tj ET Q q 0 0 0 rg BT 148.54 183.90 Td (and ) Tj ET Q q 0 0 0 rg BT 166.05 183.90 Td (consulting ) Tj ET Q q 0 0 0 rg BT 209.08 183.90 Td (services ) Tj ET Q q 0 0 0 rg BT 244.59 183.90 Td (under ) Tj ET Q q 0 0 0 rg BT 270.11 183.90 Td (fixed-fee ) Tj ET Q q 0 0 0 rg BT 307.13 183.90 Td (arrangements) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 164.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.51 164.40 Td (from ) Tj ET Q q 0 0 0 rg BT 129.49 164.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 164.47 164.40 Td (integration ) Tj ET Q q 0 0 0 rg BT 208.48 164.40 Td (and ) Tj ET Q q 0 0 0 rg BT 225.48 164.40 Td (consulting ) Tj ET Q q 0 0 0 rg BT 267.99 164.40 Td (services ) Tj ET Q q 0 0 0 rg BT 302.98 164.40 Td (under ) Tj ET Q q 0 0 0 rg BT 327.98 164.40 Td (fixed-fee ) Tj ET Q q 0 0 0 rg BT 364.48 164.40 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 421.99 164.40 Td (is ) Tj ET Q q 0 0 0 rg BT 430.47 164.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 476.48 164.40 Td (using ) Tj ET Q q 0 0 0 rg BT 499.98 164.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.47 164.40 Td (percentage-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 150.90 Td (of-completion ) Tj ET Q q 0 0 0 rg BT 128.17 150.90 Td (method ) Tj ET Q q 0 0 0 rg BT 160.83 150.90 Td (over ) Tj ET Q q 0 0 0 rg BT 180.98 150.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 203.13 150.90 Td (as ) Tj ET Q q 0 0 0 rg BT 215.28 150.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.43 150.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.60 150.90 Td (has ) Tj ET Q q 0 0 0 rg BT 288.75 150.90 Td (no ) Tj ET Q q 0 0 0 rg BT 301.40 150.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 345.57 150.90 Td (use ) Tj ET Q q 0 0 0 rg BT 362.73 150.90 Td (for ) Tj ET Q q 0 0 0 rg BT 375.87 150.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.03 150.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 415.18 150.90 Td (created ) Tj ET Q q 0 0 0 rg BT 447.84 150.90 Td (and ) Tj ET Q q 0 0 0 rg BT 465.50 150.90 Td (has ) Tj ET Q q 0 0 0 rg BT 482.66 150.90 Td (an ) Tj ET Q q 0 0 0 rg BT 495.31 150.90 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 544.99 150.90 Td (right ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 137.40 Td (to ) Tj ET Q q 0 0 0 rg BT 82.09 137.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 119.69 137.40 Td (for ) Tj ET Q q 0 0 0 rg BT 133.27 137.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.88 137.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 231.48 137.40 Td (to ) Tj ET Q q 0 0 0 rg BT 242.07 137.40 Td (date. ) Tj ET Q q 0 0 0 rg BT 264.97 137.40 Td (The ) Tj ET Q q 0 0 0 rg BT 283.56 137.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.16 137.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 362.24 137.40 Td (uses ) Tj ET Q q 0 0 0 rg BT 384.33 137.40 Td (labour ) Tj ET Q q 0 0 0 rg BT 412.43 137.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.52 137.40 Td (or ) Tj ET Q q 0 0 0 rg BT 447.60 137.40 Td (labour ) Tj ET Q q 0 0 0 rg BT 475.70 137.40 Td (hours ) Tj ET Q q 0 0 0 rg BT 501.30 137.40 Td (to ) Tj ET Q q 0 0 0 rg BT 511.89 137.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 549.98 137.40 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 123.90 Td (progress ) Tj ET Q q 0 0 0 rg BT 109.00 123.90 Td (towards ) Tj ET Q q 0 0 0 rg BT 143.00 123.90 Td (completion. ) Tj ET Q q 0 0 0 rg BT 191.51 123.90 Td (Project ) Tj ET Q q 0 0 0 rg BT 222.00 123.90 Td (managers ) Tj ET Q q 0 0 0 rg BT 264.51 123.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 297.00 123.90 Td (and ) Tj ET Q q 0 0 0 rg BT 314.50 123.90 Td (reevaluate ) Tj ET Q q 0 0 0 rg BT 359.02 123.90 Td (project ) Tj ET Q q 0 0 0 rg BT 388.51 123.90 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 427.51 123.90 Td (on ) Tj ET Q q 0 0 0 rg BT 440.01 123.90 Td (a ) Tj ET Q q 0 0 0 rg BT 447.50 123.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 481.49 123.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 507.49 123.90 Td (Forecasts ) Tj ET Q q 0 0 0 rg BT 549.48 123.90 Td (are ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 110.40 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 108.93 110.40 Td (to ) Tj ET Q q 0 0 0 rg BT 117.84 110.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 153.26 110.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 181.68 110.40 Td (such ) Tj ET Q q 0 0 0 rg BT 202.10 110.40 Td (as: ) Tj ET Q q 0 0 0 rg BT 215.51 110.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.95 110.40 Td (to ) Tj ET Q q 0 0 0 rg BT 259.86 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 273.78 110.40 Td (scope ) Tj ET Q q 0 0 0 rg BT 299.20 110.40 Td (of ) Tj ET Q q 0 0 0 rg BT 308.12 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.04 110.40 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 362.46 110.40 Td (delays ) Tj ET Q q 0 0 0 rg BT 389.88 110.40 Td (in ) Tj ET Q q 0 0 0 rg BT 398.29 110.40 Td (reaching ) Tj ET Q q 0 0 0 rg BT 434.23 110.40 Td (milestones ) Tj ET Q q 0 0 0 rg BT 478.65 110.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.08 110.40 Td (new ) Tj ET Q q 0 0 0 rg BT 512.99 110.40 Td (complexities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 96.90 Td (in ) Tj ET Q q 0 0 0 rg BT 81.62 96.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.24 96.90 Td (project ) Tj ET Q q 0 0 0 rg BT 127.37 96.90 Td (delivery) Tj ET Q q 0 0 0 rg BT 157.71 96.90 Td (. ) Tj ET Q q 0 0 0 rg BT 163.33 96.90 Td (Forecasts ) Tj ET Q q 0 0 0 rg BT 205.95 96.90 Td (can ) Tj ET Q q 0 0 0 rg BT 223.58 96.90 Td (also ) Tj ET Q q 0 0 0 rg BT 243.20 96.90 Td (be ) Tj ET Q q 0 0 0 rg BT 256.32 96.90 Td (af) Tj ET Q q 0 0 0 rg BT 263.67 96.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 291.30 96.90 Td (by ) Tj ET Q q 0 0 0 rg BT 303.92 96.90 Td (market ) Tj ET Q q 0 0 0 rg BT 334.53 96.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 356.14 96.90 Td (such ) Tj ET Q q 0 0 0 rg BT 378.27 96.90 Td (as ) Tj ET Q q 0 0 0 rg BT 390.89 96.90 Td (the ) Tj ET Q q 0 0 0 rg BT 406.51 96.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 451.14 96.90 Td (and ) Tj ET Q q 0 0 0 rg BT 469.27 96.90 Td (retention ) Tj ET Q q 0 0 0 rg BT 507.41 96.90 Td (of ) Tj ET Q q 0 0 0 rg BT 518.03 96.90 Td (qualified ) Tj ET Q q 0 0 0 rg BT 554.67 96.90 Td (IT) Tj ET Q q 0 0 0 rg BT 562.50 96.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 83.40 Td (professionals ) Tj ET Q q 0 0 0 rg BT 127.20 83.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 155.39 83.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.57 83.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 196.25 83.40 Td (of ) Tj ET Q q 0 0 0 rg BT 206.43 83.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.61 83.40 Td (subcontractors ) Tj ET Q q 0 0 0 rg BT 283.31 83.40 Td (to ) Tj ET Q q 0 0 0 rg BT 293.48 83.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 327.16 83.40 Td (their ) Tj ET Q q 0 0 0 rg BT 347.34 83.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 388.54 83.40 Td (within ) Tj ET Q q 0 0 0 rg BT 414.22 83.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 444.92 83.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 467.61 83.40 Td (budget ) Tj ET Q q 0 0 0 rg BT 497.80 83.40 Td (and ) Tj ET Q q 0 0 0 rg BT 515.49 83.40 Td (timeframes. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 69.90 Td (T) Tj ET Q q 0 0 0 rg BT 76.00 69.90 Td (o ) Tj ET Q q 0 0 0 rg BT 83.33 69.90 Td (the ) Tj ET Q q 0 0 0 rg BT 98.18 69.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 125.02 69.90 Td (that ) Tj ET Q q 0 0 0 rg BT 142.36 69.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 168.71 69.90 Td (labour ) Tj ET Q q 0 0 0 rg BT 196.06 69.90 Td (hours ) Tj ET Q q 0 0 0 rg BT 220.90 69.90 Td (or ) Tj ET Q q 0 0 0 rg BT 231.23 69.90 Td (labour ) Tj ET Q q 0 0 0 rg BT 258.58 69.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 281.92 69.90 Td (could ) Tj ET Q q 0 0 0 rg BT 305.76 69.90 Td (vary ) Tj ET Q q 0 0 0 rg BT 325.09 69.90 Td (from ) Tj ET Q q 0 0 0 rg BT 345.42 69.90 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 388.77 69.90 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 439.62 69.90 Td (to ) Tj ET Q q 0 0 0 rg BT 449.46 69.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 484.31 69.90 Td (following ) Tj ET Q q 0 0 0 rg BT 521.66 69.90 Td (the ) Tj ET Q q 0 0 0 rg BT 536.50 69.90 Td (review ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 56.40 Td (of ) Tj ET Q q 0 0 0 rg BT 81.13 56.40 Td (the ) Tj ET Q q 0 0 0 rg BT 95.76 56.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.88 56.40 Td (to ) Tj ET Q q 0 0 0 rg BT 128.51 56.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 167.15 56.40 Td (on ) Tj ET Q q 0 0 0 rg BT 179.28 56.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 212.91 56.40 Td (are ) Tj ET Q q 0 0 0 rg BT 228.04 56.40 Td (reflected ) Tj ET Q q 0 0 0 rg BT 264.67 56.40 Td (in ) Tj ET Q q 0 0 0 rg BT 273.80 56.40 Td (the ) Tj ET Q q 0 0 0 rg BT 288.43 56.40 Td (period ) Tj ET Q q 0 0 0 rg BT 315.57 56.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.69 56.40 Td (which ) Tj ET Q q 0 0 0 rg BT 349.82 56.40 Td (the ) Tj ET Q q 0 0 0 rg BT 364.45 56.40 Td (facts ) Tj ET Q q 0 0 0 rg BT 385.58 56.40 Td (that ) Tj ET Q q 0 0 0 rg BT 402.71 56.40 Td (give ) Tj ET Q q 0 0 0 rg BT 421.34 56.40 Td (rise ) Tj ET Q q 0 0 0 rg BT 437.96 56.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.59 56.40 Td (the ) Tj ET Q q 0 0 0 rg BT 462.22 56.40 Td (revision ) Tj ET Q q 0 0 0 rg BT 495.35 56.40 Td (occur) Tj ET Q q 0 0 0 rg BT 516.86 56.40 Td (. ) Tj ET Q q 0 0 0 rg BT 521.48 56.40 Td (Whenever ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (53) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.65 708.95 Td (total ) Tj ET Q q 0 0 0 rg BT 106.31 708.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.96 708.95 Td (are ) Tj ET Q q 0 0 0 rg BT 145.61 708.95 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 190.28 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 200.43 708.95 Td (be ) Tj ET Q q 0 0 0 rg BT 213.08 708.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 240.74 708.95 Td (than ) Tj ET Q q 0 0 0 rg BT 260.90 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 276.06 708.95 Td (total ) Tj ET Q q 0 0 0 rg BT 295.71 708.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 333.38 708.95 Td (a ) Tj ET Q q 0 0 0 rg BT 341.03 708.95 Td (provision ) Tj ET Q q 0 0 0 rg BT 379.69 708.95 Td (for ) Tj ET Q q 0 0 0 rg BT 392.84 708.95 Td (an ) Tj ET Q q 0 0 0 rg BT 405.49 708.95 Td (onerous ) Tj ET Q q 0 0 0 rg BT 440.66 708.95 Td (revenue-generating ) Tj ET Q q 0 0 0 rg BT 521.36 708.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 556.02 708.95 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 695.45 Td (recorded) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.02 695.45 Td (.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 671.666796875 m 153.52734375 671.666796875 l s q 0 0 0 rg BT 72.00 672.95 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 109.02 672.95 Td (impairment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 653.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.08 653.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.15 653.45 Td (value ) Tj ET Q q 0 0 0 rg BT 149.73 653.45 Td (of ) Tj ET Q q 0 0 0 rg BT 160.31 653.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 195.89 653.45 Td (is ) Tj ET Q q 0 0 0 rg BT 205.46 653.45 Td (tested ) Tj ET Q q 0 0 0 rg BT 233.04 653.45 Td (for ) Tj ET Q q 0 0 0 rg BT 246.61 653.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 294.19 653.45 Td (annually ) Tj ET Q q 0 0 0 rg BT 330.79 653.45 Td (or ) Tj ET Q q 0 0 0 rg BT 341.85 653.45 Td (if ) Tj ET Q q 0 0 0 rg BT 349.42 653.45 Td (events ) Tj ET Q q 0 0 0 rg BT 379.01 653.45 Td (or ) Tj ET Q q 0 0 0 rg BT 390.07 653.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 427.17 653.45 Td (in ) Tj ET Q q 0 0 0 rg BT 437.24 653.45 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 497.82 653.45 Td (indicate ) Tj ET Q q 0 0 0 rg BT 531.91 653.45 Td (that ) Tj ET Q q 0 0 0 rg BT 549.99 653.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 639.95 Td (carrying ) Tj ET Q q 0 0 0 rg BT 105.67 639.95 Td (value ) Tj ET Q q 0 0 0 rg BT 129.35 639.95 Td (may ) Tj ET Q q 0 0 0 rg BT 148.52 639.95 Td (be ) Tj ET Q q 0 0 0 rg BT 160.69 639.95 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 199.87 639.95 Td (In ) Tj ET Q q 0 0 0 rg BT 209.54 639.95 Td (order ) Tj ET Q q 0 0 0 rg BT 232.71 639.95 Td (to ) Tj ET Q q 0 0 0 rg BT 242.38 639.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 284.57 639.95 Td (if ) Tj ET Q q 0 0 0 rg BT 291.23 639.95 Td (a ) Tj ET Q q 0 0 0 rg BT 298.40 639.95 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 333.08 639.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 379.76 639.95 Td (test ) Tj ET Q q 0 0 0 rg BT 396.43 639.95 Td (is ) Tj ET Q q 0 0 0 rg BT 405.09 639.95 Td (required, ) Tj ET Q q 0 0 0 rg BT 442.78 639.95 Td (management ) Tj ET Q q 0 0 0 rg BT 497.47 639.95 Td (reviews ) Tj ET Q q 0 0 0 rg BT 530.14 639.95 Td (dif) Tj ET Q q 0 0 0 rg BT 539.49 639.95 Td (ferent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 626.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 100.74 626.45 Td (on ) Tj ET Q q 0 0 0 rg BT 112.99 626.45 Td (a ) Tj ET Q q 0 0 0 rg BT 120.23 626.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 157.48 626.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 180.73 626.45 Td (such ) Tj ET Q q 0 0 0 rg BT 201.97 626.45 Td (as ) Tj ET Q q 0 0 0 rg BT 213.71 626.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 249.98 626.45 Td (in ) Tj ET Q q 0 0 0 rg BT 259.22 626.45 Td (technological ) Tj ET Q q 0 0 0 rg BT 313.99 626.45 Td (or ) Tj ET Q q 0 0 0 rg BT 324.23 626.45 Td (market ) Tj ET Q q 0 0 0 rg BT 353.97 626.45 Td (environment, ) Tj ET Q q 0 0 0 rg BT 408.23 626.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 444.49 626.45 Td (in ) Tj ET Q q 0 0 0 rg BT 453.73 626.45 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 506.49 626.45 Td (used ) Tj ET Q q 0 0 0 rg BT 528.24 626.45 Td (to ) Tj ET Q q 0 0 0 rg BT 537.98 626.45 Td (derive ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.51 612.95 Td (weighted ) Tj ET Q q 0 0 0 rg BT 125.04 612.95 Td (average ) Tj ET Q q 0 0 0 rg BT 160.06 612.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 179.07 612.95 Td (of ) Tj ET Q q 0 0 0 rg BT 189.08 612.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.59 612.95 Td (and ) Tj ET Q q 0 0 0 rg BT 235.11 612.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 261.63 612.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.15 612.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 350.17 612.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 392.69 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 402.70 612.95 Td (planned ) Tj ET Q q 0 0 0 rg BT 437.23 612.95 Td (performance.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 593.45 Td (The ) Tj ET Q q 0 0 0 rg BT 88.74 593.45 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 137.50 593.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.26 593.45 Td (of ) Tj ET Q q 0 0 0 rg BT 178.50 593.45 Td (each ) Tj ET Q q 0 0 0 rg BT 199.75 593.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 236.00 593.45 Td (has ) Tj ET Q q 0 0 0 rg BT 252.25 593.45 Td (been ) Tj ET Q q 0 0 0 rg BT 274.01 593.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 320.77 593.45 Td (based ) Tj ET Q q 0 0 0 rg BT 347.02 593.45 Td (on ) Tj ET Q q 0 0 0 rg BT 358.77 593.45 Td (its ) Tj ET Q q 0 0 0 rg BT 369.50 593.45 Td (value ) Tj ET Q q 0 0 0 rg BT 392.75 593.45 Td (in ) Tj ET Q q 0 0 0 rg BT 401.49 593.45 Td (use ) Tj ET Q q 0 0 0 rg BT 417.74 593.45 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 464.50 593.45 Td (which ) Tj ET Q q 0 0 0 rg BT 489.25 593.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 524.00 593.45 Td (estimates ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 579.95 Td (about ) Tj ET Q q 0 0 0 rg BT 96.33 579.95 Td (their ) Tj ET Q q 0 0 0 rg BT 116.15 579.95 Td (future ) Tj ET Q q 0 0 0 rg BT 141.47 579.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.80 579.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.63 579.95 Td (based ) Tj ET Q q 0 0 0 rg BT 256.46 579.95 Td (on ) Tj ET Q q 0 0 0 rg BT 268.78 579.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.10 579.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 312.91 579.95 Td (approved ) Tj ET Q q 0 0 0 rg BT 352.75 579.95 Td (by ) Tj ET Q q 0 0 0 rg BT 364.57 579.95 Td (management. ) Tj ET Q q 0 0 0 rg BT 421.91 579.95 Td (However) Tj ET Q q 0 0 0 rg BT 456.92 579.95 Td (, ) Tj ET Q q 0 0 0 rg BT 461.73 579.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 491.05 579.95 Td (such ) Tj ET Q q 0 0 0 rg BT 512.37 579.95 Td (as ) Tj ET Q q 0 0 0 rg BT 524.18 579.95 Td (our ) Tj ET Q q 0 0 0 rg BT 539.50 579.95 Td (ability ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 566.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.20 566.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 119.41 566.45 Td (developing ) Tj ET Q q 0 0 0 rg BT 166.14 566.45 Td (and ) Tj ET Q q 0 0 0 rg BT 184.35 566.45 Td (expanding ) Tj ET Q q 0 0 0 rg BT 229.07 566.45 Td (services ) Tj ET Q q 0 0 0 rg BT 265.27 566.45 Td (of) Tj ET Q q 0 0 0 rg BT 272.62 566.45 Td (fered ) Tj ET Q q 0 0 0 rg BT 296.32 566.45 Td (to ) Tj ET Q q 0 0 0 rg BT 307.02 566.45 Td (address ) Tj ET Q q 0 0 0 rg BT 342.23 566.45 Td (emerging ) Tj ET Q q 0 0 0 rg BT 382.94 566.45 Td (business ) Tj ET Q q 0 0 0 rg BT 421.65 566.45 Td (demands ) Tj ET Q q 0 0 0 rg BT 461.86 566.45 Td (and ) Tj ET Q q 0 0 0 rg BT 480.07 566.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 526.79 566.45 Td (trends, ) Tj ET Q q 0 0 0 rg BT 557.50 566.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 552.95 Td (lengthened ) Tj ET Q q 0 0 0 rg BT 118.52 552.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 142.01 552.95 Td (cycle ) Tj ET Q q 0 0 0 rg BT 164.99 552.95 Td (and ) Tj ET Q q 0 0 0 rg BT 182.48 552.95 Td (our ) Tj ET Q q 0 0 0 rg BT 197.97 552.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 223.45 552.95 Td (to ) Tj ET Q q 0 0 0 rg BT 233.44 552.95 Td (hire ) Tj ET Q q 0 0 0 rg BT 250.92 552.95 Td (and ) Tj ET Q q 0 0 0 rg BT 268.41 552.95 Td (retain ) Tj ET Q q 0 0 0 rg BT 293.40 552.95 Td (qualified ) Tj ET Q q 0 0 0 rg BT 329.41 552.95 Td (IT) Tj ET Q q 0 0 0 rg BT 337.24 552.95 Td ( ) Tj ET Q q 0 0 0 rg BT 339.72 552.95 Td (professionals ) Tj ET Q q 0 0 0 rg BT 395.23 552.95 Td (af) Tj ET Q q 0 0 0 rg BT 402.57 552.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 419.55 552.95 Td (future ) Tj ET Q q 0 0 0 rg BT 445.04 552.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.53 552.95 Td (flows, ) Tj ET Q q 0 0 0 rg BT 492.01 552.95 Td (and ) Tj ET Q q 0 0 0 rg BT 509.51 552.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 536.00 552.95 Td (results ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 539.45 Td (might ) Tj ET Q q 0 0 0 rg BT 95.70 539.45 Td (dif) Tj ET Q q 0 0 0 rg BT 105.04 539.45 Td (fer ) Tj ET Q q 0 0 0 rg BT 117.74 539.45 Td (from ) Tj ET Q q 0 0 0 rg BT 137.93 539.45 Td (future ) Tj ET Q q 0 0 0 rg BT 163.13 539.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 184.34 539.45 Td (flows ) Tj ET Q q 0 0 0 rg BT 207.03 539.45 Td (used ) Tj ET Q q 0 0 0 rg BT 228.74 539.45 Td (in ) Tj ET Q q 0 0 0 rg BT 237.94 539.45 Td (the ) Tj ET Q q 0 0 0 rg BT 252.64 539.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 287.35 539.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 334.05 539.45 Td (test. ) Tj ET Q q 0 0 0 rg BT 353.25 539.45 Td (Key ) Tj ET Q q 0 0 0 rg BT 370.95 539.45 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 423.67 539.45 Td (used ) Tj ET Q q 0 0 0 rg BT 445.37 539.45 Td (in ) Tj ET Q q 0 0 0 rg BT 454.57 539.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 489.28 539.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 535.98 539.45 Td (testing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 525.95 Td (are ) Tj ET Q q 0 0 0 rg BT 87.91 525.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 131.34 525.95 Td (in ) Tj ET Q q 0 0 0 rg BT 141.74 525.95 Td (note ) Tj ET Q q 0 0 0 rg BT 162.66 525.95 Td (12 ) Tj ET Q q 0 0 0 rg BT 176.07 525.95 Td (of ) Tj ET Q q 0 0 0 rg BT 186.98 525.95 Td (the ) Tj ET Q q 0 0 0 rg BT 202.89 525.95 Td (audited ) Tj ET Q q 0 0 0 rg BT 235.82 525.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 289.75 525.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.18 525.95 Td (statements ) Tj ET Q q 0 0 0 rg BT 373.60 525.95 Td (for ) Tj ET Q q 0 0 0 rg BT 387.50 525.95 Td (the ) Tj ET Q q 0 0 0 rg BT 403.41 525.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 427.32 525.95 Td (year ) Tj ET Q q 0 0 0 rg BT 448.22 525.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 476.65 525.95 Td (September ) Tj ET Q q 0 0 0 rg BT 524.08 525.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.99 525.95 Td (2020.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 512.45 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.34 512.45 Td (, ) Tj ET Q q 0 0 0 rg BT 119.34 512.45 Td (the ) Tj ET Q q 0 0 0 rg BT 134.35 512.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.37 512.45 Td (has ) Tj ET Q q 0 0 0 rg BT 192.38 512.45 Td (not ) Tj ET Q q 0 0 0 rg BT 207.39 512.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 245.41 512.45 Td (an ) Tj ET Q q 0 0 0 rg BT 257.92 512.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 304.94 512.45 Td (charge ) Tj ET Q q 0 0 0 rg BT 334.96 512.45 Td (on ) Tj ET Q q 0 0 0 rg BT 347.47 512.45 Td (goodwill. ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 488.666796875 m 149.53271484375 488.666796875 l s q 0 0 0 rg BT 72.00 489.95 Td (Right-of-use ) Tj ET Q q 0 0 0 rg BT 123.52 489.95 Td (assets) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 470.45 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 114.01 470.45 Td (of ) Tj ET Q q 0 0 0 rg BT 124.02 470.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.03 470.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 163.05 470.45 Td (term ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 450.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.22 450.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.96 450.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 173.69 450.95 Td (the ) Tj ET Q q 0 0 0 rg BT 189.41 450.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 214.15 450.95 Td (term ) Tj ET Q q 0 0 0 rg BT 235.36 450.95 Td (in ) Tj ET Q q 0 0 0 rg BT 245.58 450.95 Td (order ) Tj ET Q q 0 0 0 rg BT 269.81 450.95 Td (to ) Tj ET Q q 0 0 0 rg BT 280.53 450.95 Td (calculate ) Tj ET Q q 0 0 0 rg BT 319.27 450.95 Td (the ) Tj ET Q q 0 0 0 rg BT 334.99 450.95 Td (value ) Tj ET Q q 0 0 0 rg BT 359.73 450.95 Td (of ) Tj ET Q q 0 0 0 rg BT 370.45 450.95 Td (the ) Tj ET Q q 0 0 0 rg BT 386.17 450.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 410.91 450.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 441.13 450.95 Td (at ) Tj ET Q q 0 0 0 rg BT 451.85 450.95 Td (the ) Tj ET Q q 0 0 0 rg BT 467.58 450.95 Td (initial ) Tj ET Q q 0 0 0 rg BT 491.30 450.95 Td (date ) Tj ET Q q 0 0 0 rg BT 512.04 450.95 Td (of ) Tj ET Q q 0 0 0 rg BT 522.76 450.95 Td (the ) Tj ET Q q 0 0 0 rg BT 538.49 450.95 Td (lease. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 437.45 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.64 437.45 Td (uses ) Tj ET Q q 0 0 0 rg BT 148.26 437.45 Td (judgement ) Tj ET Q q 0 0 0 rg BT 192.90 437.45 Td (to ) Tj ET Q q 0 0 0 rg BT 203.02 437.45 Td (determine ) Tj ET Q q 0 0 0 rg BT 245.65 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 260.77 437.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 308.91 437.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 333.04 437.45 Td (term ) Tj ET Q q 0 0 0 rg BT 353.65 437.45 Td (based ) Tj ET Q q 0 0 0 rg BT 380.78 437.45 Td (on ) Tj ET Q q 0 0 0 rg BT 393.40 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 408.53 437.45 Td (conditions ) Tj ET Q q 0 0 0 rg BT 451.66 437.45 Td (of ) Tj ET Q q 0 0 0 rg BT 461.78 437.45 Td (each ) Tj ET Q q 0 0 0 rg BT 483.90 437.45 Td (lease. ) Tj ET Q q 0 0 0 rg BT 510.36 437.45 Td (T) Tj ET Q q 0 0 0 rg BT 514.86 437.45 Td (o ) Tj ET Q q 0 0 0 rg BT 522.48 437.45 Td (determine ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 423.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.22 423.95 Td (term, ) Tj ET Q q 0 0 0 rg BT 108.93 423.95 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 423.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.38 423.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 205.10 423.95 Td (all ) Tj ET Q q 0 0 0 rg BT 216.31 423.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 245.53 423.95 Td (that ) Tj ET Q q 0 0 0 rg BT 262.75 423.95 Td (create ) Tj ET Q q 0 0 0 rg BT 289.97 423.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 330.70 423.95 Td (incentives ) Tj ET Q q 0 0 0 rg BT 372.93 423.95 Td (to ) Tj ET Q q 0 0 0 rg BT 382.64 423.95 Td (exercise ) Tj ET Q q 0 0 0 rg BT 418.37 423.95 Td (an ) Tj ET Q q 0 0 0 rg BT 430.58 423.95 Td (extension ) Tj ET Q q 0 0 0 rg BT 471.32 423.95 Td (or ) Tj ET Q q 0 0 0 rg BT 481.53 423.95 Td (a ) Tj ET Q q 0 0 0 rg BT 488.75 423.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 535.47 423.95 Td (option. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 410.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.02 410.45 Td (extension ) Tj ET Q q 0 0 0 rg BT 133.56 410.45 Td (or ) Tj ET Q q 0 0 0 rg BT 145.58 410.45 Td (termination ) Tj ET Q q 0 0 0 rg BT 194.11 410.45 Td (options ) Tj ET Q q 0 0 0 rg BT 227.15 410.45 Td (are ) Tj ET Q q 0 0 0 rg BT 244.17 410.45 Td (only ) Tj ET Q q 0 0 0 rg BT 264.69 410.45 Td (included ) Tj ET Q q 0 0 0 rg BT 302.23 410.45 Td (in ) Tj ET Q q 0 0 0 rg BT 313.25 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 329.78 410.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 355.31 410.45 Td (term ) Tj ET Q q 0 0 0 rg BT 377.32 410.45 Td (if ) Tj ET Q q 0 0 0 rg BT 385.83 410.45 Td (it ) Tj ET Q q 0 0 0 rg BT 394.35 410.45 Td (is ) Tj ET Q q 0 0 0 rg BT 404.86 410.45 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 452.90 410.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 483.93 410.45 Td (of ) Tj ET Q q 0 0 0 rg BT 495.45 410.45 Td (being ) Tj ET Q q 0 0 0 rg BT 521.48 410.45 Td (exercised. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 396.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 127.54 396.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 169.58 396.95 Td (all ) Tj ET Q q 0 0 0 rg BT 182.09 396.95 Td (facts ) Tj ET Q q 0 0 0 rg BT 204.61 396.95 Td (that ) Tj ET Q q 0 0 0 rg BT 223.14 396.95 Td (create ) Tj ET Q q 0 0 0 rg BT 251.66 396.95 Td (incentive ) Tj ET Q q 0 0 0 rg BT 290.70 396.95 Td (to ) Tj ET Q q 0 0 0 rg BT 301.71 396.95 Td (exercise ) Tj ET Q q 0 0 0 rg BT 338.74 396.95 Td (an ) Tj ET Q q 0 0 0 rg BT 352.26 396.95 Td (extension ) Tj ET Q q 0 0 0 rg BT 394.30 396.95 Td (option ) Tj ET Q q 0 0 0 rg BT 422.34 396.95 Td (or ) Tj ET Q q 0 0 0 rg BT 433.85 396.95 Td (not ) Tj ET Q q 0 0 0 rg BT 449.88 396.95 Td (to ) Tj ET Q q 0 0 0 rg BT 460.90 396.95 Td (take ) Tj ET Q q 0 0 0 rg BT 481.42 396.95 Td (a ) Tj ET Q q 0 0 0 rg BT 489.94 396.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 537.97 396.95 Td (option ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 383.45 Td (including ) Tj ET Q q 0 0 0 rg BT 109.53 383.45 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 150.56 383.45 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 212.08 383.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 254.60 383.45 Td (modification ) Tj ET Q q 0 0 0 rg BT 305.12 383.45 Td (of ) Tj ET Q q 0 0 0 rg BT 315.13 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 330.14 383.45 Td (underlying ) Tj ET Q q 0 0 0 rg BT 374.17 383.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 398.18 383.45 Td (or ) Tj ET Q q 0 0 0 rg BT 408.68 383.45 Td (a ) Tj ET Q q 0 0 0 rg BT 416.19 383.45 Td (business ) Tj ET Q q 0 0 0 rg BT 454.21 383.45 Td (decision. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 363.95 Td (Discount ) Tj ET Q q 0 0 0 rg BT 109.52 363.95 Td (Rate ) Tj ET Q q 0 0 0 rg BT 131.03 363.95 Td (for ) Tj ET Q q 0 0 0 rg BT 144.03 363.95 Td (leases) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 344.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.46 344.45 Td (discount ) Tj ET Q q 0 0 0 rg BT 127.42 344.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 146.38 344.45 Td (is ) Tj ET Q q 0 0 0 rg BT 156.32 344.45 Td (used ) Tj ET Q q 0 0 0 rg BT 179.29 344.45 Td (to ) Tj ET Q q 0 0 0 rg BT 190.24 344.45 Td (determine ) Tj ET Q q 0 0 0 rg BT 233.71 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 249.67 344.45 Td (initial ) Tj ET Q q 0 0 0 rg BT 273.62 344.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 309.08 344.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 342.54 344.45 Td (of ) Tj ET Q q 0 0 0 rg BT 353.50 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 369.46 344.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 394.42 344.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 431.88 344.45 Td (and ) Tj ET Q q 0 0 0 rg BT 450.34 344.45 Td (the ) Tj ET Q q 0 0 0 rg BT 466.30 344.45 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 515.26 344.45 Td (assets. ) Tj ET Q q 0 0 0 rg BT 547.00 344.45 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 330.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 112.11 330.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 152.72 330.95 Td (the ) Tj ET Q q 0 0 0 rg BT 167.32 330.95 Td (incremental ) Tj ET Q q 0 0 0 rg BT 215.94 330.95 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 257.55 330.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.15 330.95 Td (for ) Tj ET Q q 0 0 0 rg BT 287.75 330.95 Td (each ) Tj ET Q q 0 0 0 rg BT 309.36 330.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 332.97 330.95 Td (or ) Tj ET Q q 0 0 0 rg BT 343.07 330.95 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 377.18 330.95 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 330.95 Td (leased ) Tj ET Q q 0 0 0 rg BT 415.39 330.95 Td (assets, ) Tj ET Q q 0 0 0 rg BT 446.00 330.95 Td (as ) Tj ET Q q 0 0 0 rg BT 457.60 330.95 Td (most ) Tj ET Q q 0 0 0 rg BT 479.19 330.95 Td (of ) Tj ET Q q 0 0 0 rg BT 488.79 330.95 Td (the ) Tj ET Q q 0 0 0 rg BT 503.40 330.95 Td (implicit ) Tj ET Q q 0 0 0 rg BT 532.99 330.95 Td (interest ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 317.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 93.56 317.45 Td (in ) Tj ET Q q 0 0 0 rg BT 102.61 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.17 317.45 Td (leases ) Tj ET Q q 0 0 0 rg BT 145.24 317.45 Td (are ) Tj ET Q q 0 0 0 rg BT 160.30 317.45 Td (not ) Tj ET Q q 0 0 0 rg BT 174.86 317.45 Td (readily ) Tj ET Q q 0 0 0 rg BT 203.42 317.45 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 259.87 317.45 Td (T) Tj ET Q q 0 0 0 rg BT 264.37 317.45 Td (o ) Tj ET Q q 0 0 0 rg BT 271.42 317.45 Td (calculate ) Tj ET Q q 0 0 0 rg BT 308.99 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 323.56 317.45 Td (incremental ) Tj ET Q q 0 0 0 rg BT 372.13 317.45 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 413.70 317.45 Td (rate, ) Tj ET Q q 0 0 0 rg BT 433.75 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 448.31 317.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 488.88 317.45 Td (considers ) Tj ET Q q 0 0 0 rg BT 529.45 317.45 Td (its ) Tj ET Q q 0 0 0 rg BT 540.50 317.45 Td (credit ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 303.95 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 119.51 303.95 Td (the ) Tj ET Q q 0 0 0 rg BT 134.52 303.95 Td (term ) Tj ET Q q 0 0 0 rg BT 155.01 303.95 Td (of ) Tj ET Q q 0 0 0 rg BT 165.01 303.95 Td (the ) Tj ET Q q 0 0 0 rg BT 180.02 303.95 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 236.04 303.95 Td (any ) Tj ET Q q 0 0 0 rg BT 253.05 303.95 Td (collateral ) Tj ET Q q 0 0 0 rg BT 291.56 303.95 Td (received ) Tj ET Q q 0 0 0 rg BT 328.07 303.95 Td (and ) Tj ET Q q 0 0 0 rg BT 345.58 303.95 Td (the ) Tj ET Q q 0 0 0 rg BT 360.59 303.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 401.60 303.95 Td (environment.) Tj ET Q q 0 0 0 rg BT 455.96 303.95 Td (The ) Tj ET Q q 0 0 0 rg BT 473.97 303.95 Td (incremental ) Tj ET Q q 0 0 0 rg BT 522.98 303.95 Td (borrowing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 290.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 94.01 290.45 Td (are ) Tj ET Q q 0 0 0 rg BT 109.52 290.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 140.53 290.45 Td (to ) Tj ET Q q 0 0 0 rg BT 150.54 290.45 Td (change ) Tj ET Q q 0 0 0 rg BT 182.57 290.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 211.07 290.45 Td (due ) Tj ET Q q 0 0 0 rg BT 228.59 290.45 Td (to ) Tj ET Q q 0 0 0 rg BT 238.60 290.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 275.13 290.45 Td (in ) Tj ET Q q 0 0 0 rg BT 284.63 290.45 Td (the ) Tj ET Q q 0 0 0 rg BT 299.64 290.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 340.66 290.45 Td (environment.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 270.95 Td (A) Tj ET Q q 0 0 0 rg BT 77.01 270.95 Td ( ) Tj ET Q q 0 0 0 rg BT 79.54 270.95 Td (change ) Tj ET Q q 0 0 0 rg BT 111.61 270.95 Td (in ) Tj ET Q q 0 0 0 rg BT 121.15 270.95 Td (the ) Tj ET Q q 0 0 0 rg BT 136.20 270.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 189.26 270.95 Td (used ) Tj ET Q q 0 0 0 rg BT 211.31 270.95 Td (to ) Tj ET Q q 0 0 0 rg BT 221.35 270.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 263.91 270.95 Td (the ) Tj ET Q q 0 0 0 rg BT 278.96 270.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 303.01 270.95 Td (term ) Tj ET Q q 0 0 0 rg BT 323.55 270.95 Td (could ) Tj ET Q q 0 0 0 rg BT 347.60 270.95 Td (result ) Tj ET Q q 0 0 0 rg BT 372.15 270.95 Td (in ) Tj ET Q q 0 0 0 rg BT 381.69 270.95 Td (a ) Tj ET Q q 0 0 0 rg BT 389.23 270.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.79 270.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 460.84 270.95 Td (on ) Tj ET Q q 0 0 0 rg BT 473.38 270.95 Td (the ) Tj ET Q q 0 0 0 rg BT 488.43 270.95 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 536.49 270.95 Td (assets ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 257.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.13 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 104.26 257.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 128.39 257.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 165.02 257.45 Td (presented ) Tj ET Q q 0 0 0 rg BT 207.67 257.45 Td (in ) Tj ET Q q 0 0 0 rg BT 217.29 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 232.42 257.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 285.57 257.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 319.72 257.45 Td (sheet ) Tj ET Q q 0 0 0 rg BT 344.35 257.45 Td (as ) Tj ET Q q 0 0 0 rg BT 356.47 257.45 Td (well ) Tj ET Q q 0 0 0 rg BT 374.59 257.45 Td (as ) Tj ET Q q 0 0 0 rg BT 386.71 257.45 Td (in ) Tj ET Q q 0 0 0 rg BT 396.34 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 411.46 257.45 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 463.11 257.45 Td (of ) Tj ET Q q 0 0 0 rg BT 473.24 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 488.37 257.45 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 536.50 257.45 Td (assets ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 243.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 243.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 121.03 243.95 Td (expense ) Tj ET Q q 0 0 0 rg BT 157.56 243.95 Td (on ) Tj ET Q q 0 0 0 rg BT 170.07 243.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 194.09 243.95 Td (liabilities.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 220.16679687500005 m 164.0478515625 220.16679687500005 l s q 0 0 0 rg BT 72.00 221.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 111.02 221.45 Td (combinations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 201.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 126.23 201.95 Td (makes ) Tj ET Q q 0 0 0 rg BT 154.93 201.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 207.65 201.95 Td (when ) Tj ET Q q 0 0 0 rg BT 231.35 201.95 Td (determining ) Tj ET Q q 0 0 0 rg BT 280.57 201.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.28 201.95 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 360.51 201.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.21 201.95 Td (values ) Tj ET Q q 0 0 0 rg BT 403.42 201.95 Td (of ) Tj ET Q q 0 0 0 rg BT 413.12 201.95 Td (the ) Tj ET Q q 0 0 0 rg BT 427.82 201.95 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 473.05 201.95 Td (tangible ) Tj ET Q q 0 0 0 rg BT 506.77 201.95 Td (and ) Tj ET Q q 0 0 0 rg BT 523.98 201.95 Td (intangible ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 188.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 99.82 188.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 136.65 188.45 Td (and ) Tj ET Q q 0 0 0 rg BT 153.98 188.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 190.30 188.45 Td (assumed ) Tj ET Q q 0 0 0 rg BT 229.13 188.45 Td (which ) Tj ET Q q 0 0 0 rg BT 254.45 188.45 Td (involve ) Tj ET Q q 0 0 0 rg BT 284.78 188.45 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 328.10 188.45 Td (such ) Tj ET Q q 0 0 0 rg BT 349.42 188.45 Td (as ) Tj ET Q q 0 0 0 rg BT 361.24 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 376.06 188.45 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 422.39 188.45 Td (of ) Tj ET Q q 0 0 0 rg BT 432.21 188.45 Td (future ) Tj ET Q q 0 0 0 rg BT 457.53 188.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 478.86 188.45 Td (flows, ) Tj ET Q q 0 0 0 rg BT 504.17 188.45 Td (discount ) Tj ET Q q 0 0 0 rg BT 540.00 188.45 Td (rates, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 174.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 104.03 174.95 Td (useful ) Tj ET Q q 0 0 0 rg BT 130.54 174.95 Td (lives ) Tj ET Q q 0 0 0 rg BT 151.05 174.95 Td (of ) Tj ET Q q 0 0 0 rg BT 161.06 174.95 Td (the ) Tj ET Q q 0 0 0 rg BT 176.07 174.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.58 174.95 Td (acquired.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 155.45 Td (Additionally) Tj ET Q q 0 0 0 rg BT 116.86 155.45 Td (, ) Tj ET Q q 0 0 0 rg BT 122.40 155.45 Td (management's ) Tj ET Q q 0 0 0 rg BT 184.20 155.45 Td (judgement ) Tj ET Q q 0 0 0 rg BT 229.27 155.45 Td (is ) Tj ET Q q 0 0 0 rg BT 238.82 155.45 Td (required ) Tj ET Q q 0 0 0 rg BT 274.88 155.45 Td (in ) Tj ET Q q 0 0 0 rg BT 284.93 155.45 Td (determining ) Tj ET Q q 0 0 0 rg BT 335.00 155.45 Td (whether ) Tj ET Q q 0 0 0 rg BT 370.06 155.45 Td (an ) Tj ET Q q 0 0 0 rg BT 383.12 155.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 424.69 155.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 449.25 155.45 Td (is ) Tj ET Q q 0 0 0 rg BT 458.79 155.45 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 504.87 155.45 Td (and ) Tj ET Q q 0 0 0 rg BT 522.93 155.45 Td (should ) Tj ET Q q 0 0 0 rg BT 552.49 155.45 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 141.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 109.52 141.95 Td (separately ) Tj ET Q q 0 0 0 rg BT 153.55 141.95 Td (from ) Tj ET Q q 0 0 0 rg BT 174.05 141.95 Td (goodwill. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 122.45 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.79 122.45 Td (in ) Tj ET Q q 0 0 0 rg BT 121.05 122.45 Td (the ) Tj ET Q q 0 0 0 rg BT 136.82 122.45 Td (above ) Tj ET Q q 0 0 0 rg BT 164.60 122.45 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 220.88 122.45 Td (estimates ) Tj ET Q q 0 0 0 rg BT 262.65 122.45 Td (and ) Tj ET Q q 0 0 0 rg BT 280.93 122.45 Td (judgements ) Tj ET Q q 0 0 0 rg BT 330.72 122.45 Td (could ) Tj ET Q q 0 0 0 rg BT 355.49 122.45 Td (af) Tj ET Q q 0 0 0 rg BT 362.84 122.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 380.60 122.45 Td (our ) Tj ET Q q 0 0 0 rg BT 396.87 122.45 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 463.17 122.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.93 122.45 Td (values ) Tj ET Q q 0 0 0 rg BT 508.20 122.45 Td (and ) Tj ET Q q 0 0 0 rg BT 526.48 122.45 Td (therefore ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 108.95 Td (could ) Tj ET Q q 0 0 0 rg BT 96.10 108.95 Td (have ) Tj ET Q q 0 0 0 rg BT 118.70 108.95 Td (material ) Tj ET Q q 0 0 0 rg BT 153.80 108.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 187.90 108.95 Td (on ) Tj ET Q q 0 0 0 rg BT 200.99 108.95 Td (our ) Tj ET Q q 0 0 0 rg BT 217.09 108.95 Td (audited ) Tj ET Q q 0 0 0 rg BT 249.70 108.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 303.32 108.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.43 108.95 Td (statements.) Tj ET Q q 0 0 0 rg BT 388.29 108.95 Td (These ) Tj ET Q q 0 0 0 rg BT 416.39 108.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 453.50 108.95 Td (are ) Tj ET Q q 0 0 0 rg BT 469.60 108.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 508.20 108.95 Td (as ) Tj ET Q q 0 0 0 rg BT 520.80 108.95 Td (part ) Tj ET Q q 0 0 0 rg BT 539.39 108.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.98 108.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 95.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 110.47 95.45 Td (price ) Tj ET Q q 0 0 0 rg BT 131.93 95.45 Td (allocation ) Tj ET Q q 0 0 0 rg BT 171.90 95.45 Td (and ) Tj ET Q q 0 0 0 rg BT 188.87 95.45 Td (therefore ) Tj ET Q q 0 0 0 rg BT 226.84 95.45 Td (result ) Tj ET Q q 0 0 0 rg BT 250.80 95.45 Td (in ) Tj ET Q q 0 0 0 rg BT 259.75 95.45 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 318.73 95.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 353.20 95.45 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 403.68 95.45 Td (if ) Tj ET Q q 0 0 0 rg BT 410.12 95.45 Td (they ) Tj ET Q q 0 0 0 rg BT 429.08 95.45 Td (occurred ) Tj ET Q q 0 0 0 rg BT 466.05 95.45 Td (during ) Tj ET Q q 0 0 0 rg BT 493.02 95.45 Td (the ) Tj ET Q q 0 0 0 rg BT 507.48 95.45 Td (measurement ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 81.95 Td (period, ) Tj ET Q q 0 0 0 rg BT 100.74 81.95 Td (which ) Tj ET Q q 0 0 0 rg BT 125.48 81.95 Td (does ) Tj ET Q q 0 0 0 rg BT 146.72 81.95 Td (not ) Tj ET Q q 0 0 0 rg BT 160.95 81.95 Td (exceed ) Tj ET Q q 0 0 0 rg BT 191.70 81.95 Td (one ) Tj ET Q q 0 0 0 rg BT 208.44 81.95 Td (year) Tj ET Q q 0 0 0 rg BT 225.45 81.95 Td (. ) Tj ET Q q 0 0 0 rg BT 229.33 81.95 Td (All ) Tj ET Q q 0 0 0 rg BT 241.06 81.95 Td (other ) Tj ET Q q 0 0 0 rg BT 263.30 81.95 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 311.56 81.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 347.31 81.95 Td (are ) Tj ET Q q 0 0 0 rg BT 362.04 81.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 399.29 81.95 Td (in ) Tj ET Q q 0 0 0 rg BT 408.01 81.95 Td (our ) Tj ET Q q 0 0 0 rg BT 422.75 81.95 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 475.01 81.95 Td (statement ) Tj ET Q q 0 0 0 rg BT 516.25 81.95 Td (of ) Tj ET Q q 0 0 0 rg BT 525.48 81.95 Td (earnings. ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (54) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 71.5 707.666796875 m 125.025390625 707.666796875 l s q 0 0 0 rg BT 71.50 708.95 Td (Income ) Tj ET Q q 0 0 0 rg BT 103.51 708.95 Td (taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 689.45 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 108.48 689.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.46 689.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.44 689.45 Td (are ) Tj ET Q q 0 0 0 rg BT 165.41 689.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 211.41 689.45 Td (for ) Tj ET Q q 0 0 0 rg BT 223.88 689.45 Td (unused ) Tj ET Q q 0 0 0 rg BT 255.38 689.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.35 689.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 296.83 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 313.81 689.45 Td (deductible ) Tj ET Q q 0 0 0 rg BT 356.81 689.45 Td (temporary ) Tj ET Q q 0 0 0 rg BT 399.30 689.45 Td (dif) Tj ET Q q 0 0 0 rg BT 408.64 689.45 Td (ferences ) Tj ET Q q 0 0 0 rg BT 445.13 689.45 Td (to ) Tj ET Q q 0 0 0 rg BT 454.60 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 469.08 689.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 495.56 689.45 Td (that ) Tj ET Q q 0 0 0 rg BT 512.54 689.45 Td (it ) Tj ET Q q 0 0 0 rg BT 519.01 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 527.48 689.45 Td (probable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 675.95 Td (that ) Tj ET Q q 0 0 0 rg BT 88.61 675.95 Td (taxable ) Tj ET Q q 0 0 0 rg BT 119.73 675.95 Td (profit ) Tj ET Q q 0 0 0 rg BT 141.84 675.95 Td (will ) Tj ET Q q 0 0 0 rg BT 156.43 675.95 Td (be ) Tj ET Q q 0 0 0 rg BT 168.54 675.95 Td (available ) Tj ET Q q 0 0 0 rg BT 206.17 675.95 Td (for ) Tj ET Q q 0 0 0 rg BT 218.77 675.95 Td (their ) Tj ET Q q 0 0 0 rg BT 238.38 675.95 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 280.36 675.95 Td (The ) Tj ET Q q 0 0 0 rg BT 297.97 675.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 338.58 675.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 379.20 675.95 Td (the ) Tj ET Q q 0 0 0 rg BT 393.81 675.95 Td (analysis ) Tj ET Q q 0 0 0 rg BT 428.42 675.95 Td (of ) Tj ET Q q 0 0 0 rg BT 438.03 675.95 Td (forecast ) Tj ET Q q 0 0 0 rg BT 472.14 675.95 Td (and ) Tj ET Q q 0 0 0 rg BT 489.25 675.95 Td (future ) Tj ET Q q 0 0 0 rg BT 514.37 675.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 528.47 675.95 Td (planning ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 662.45 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 114.62 662.45 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 155.73 662.45 Td (of ) Tj ET Q q 0 0 0 rg BT 164.83 662.45 Td (taxable ) Tj ET Q q 0 0 0 rg BT 195.45 662.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 217.06 662.45 Td (are ) Tj ET Q q 0 0 0 rg BT 231.66 662.45 Td (made ) Tj ET Q q 0 0 0 rg BT 255.77 662.45 Td (based ) Tj ET Q q 0 0 0 rg BT 281.89 662.45 Td (on ) Tj ET Q q 0 0 0 rg BT 293.50 662.45 Td (the ) Tj ET Q q 0 0 0 rg BT 307.61 662.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 341.22 662.45 Td (by ) Tj ET Q q 0 0 0 rg BT 352.33 662.45 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 396.44 662.45 Td (which ) Tj ET Q q 0 0 0 rg BT 421.05 662.45 Td (are ) Tj ET Q q 0 0 0 rg BT 435.66 662.45 Td (aligned ) Tj ET Q q 0 0 0 rg BT 466.28 662.45 Td (with ) Tj ET Q q 0 0 0 rg BT 483.88 662.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 518.00 662.45 Td (impairment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 648.95 Td (testing ) Tj ET Q q 0 0 0 rg BT 100.03 648.95 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 155.07 648.95 Td (on ) Tj ET Q q 0 0 0 rg BT 167.10 648.95 Td (an ) Tj ET Q q 0 0 0 rg BT 179.12 648.95 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 234.68 648.95 Td (basis. ) Tj ET Q q 0 0 0 rg BT 260.20 648.95 Td (In ) Tj ET Q q 0 0 0 rg BT 269.72 648.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 305.77 648.95 Td (management ) Tj ET Q q 0 0 0 rg BT 360.31 648.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 400.85 648.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 429.87 648.95 Td (such ) Tj ET Q q 0 0 0 rg BT 450.89 648.95 Td (as ) Tj ET Q q 0 0 0 rg BT 462.41 648.95 Td (substantively ) Tj ET Q q 0 0 0 rg BT 516.46 648.95 Td (enacted ) Tj ET Q q 0 0 0 rg BT 550.50 648.95 Td (tax ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 635.45 Td (rates, ) Tj ET Q q 0 0 0 rg BT 96.19 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 110.88 635.45 Td (history ) Tj ET Q q 0 0 0 rg BT 139.56 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 149.25 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 163.94 635.45 Td (taxable ) Tj ET Q q 0 0 0 rg BT 195.14 635.45 Td (profits ) Tj ET Q q 0 0 0 rg BT 221.82 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 239.02 635.45 Td (availability ) Tj ET Q q 0 0 0 rg BT 282.71 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 292.40 635.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.58 635.45 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 350.28 635.45 Td (Due ) Tj ET Q q 0 0 0 rg BT 368.97 635.45 Td (to ) Tj ET Q q 0 0 0 rg BT 378.65 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 393.34 635.45 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 439.54 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 456.74 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 471.43 635.45 Td (variability ) Tj ET Q q 0 0 0 rg BT 511.12 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 520.80 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 535.49 635.45 Td (factors ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 621.95 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 115.93 621.95 Td (above, ) Tj ET Q q 0 0 0 rg BT 145.34 621.95 Td (deferred ) Tj ET Q q 0 0 0 rg BT 181.26 621.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 195.66 621.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 224.07 621.95 Td (are ) Tj ET Q q 0 0 0 rg BT 239.48 621.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.39 621.95 Td (to ) Tj ET Q q 0 0 0 rg BT 280.29 621.95 Td (change. ) Tj ET Q q 0 0 0 rg BT 314.72 621.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 369.64 621.95 Td (reviews ) Tj ET Q q 0 0 0 rg BT 402.55 621.95 Td (its ) Tj ET Q q 0 0 0 rg BT 413.94 621.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 466.86 621.95 Td (on ) Tj ET Q q 0 0 0 rg BT 479.27 621.95 Td (a ) Tj ET Q q 0 0 0 rg BT 486.67 621.95 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 524.09 621.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 547.49 621.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 608.45 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 102.52 608.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.53 608.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 153.55 608.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.06 608.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.57 608.45 Td (when ) Tj ET Q q 0 0 0 rg BT 220.58 608.45 Td (appropriate. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 588.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.85 588.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.21 588.95 Td (is ) Tj ET Q q 0 0 0 rg BT 140.55 588.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.90 588.95 Td (to ) Tj ET Q q 0 0 0 rg BT 182.25 588.95 Td (income ) Tj ET Q q 0 0 0 rg BT 214.10 588.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 228.95 588.95 Td (laws ) Tj ET Q q 0 0 0 rg BT 249.79 588.95 Td (in ) Tj ET Q q 0 0 0 rg BT 259.63 588.95 Td (numerous ) Tj ET Q q 0 0 0 rg BT 302.50 588.95 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 354.85 588.95 Td (Judgement ) Tj ET Q q 0 0 0 rg BT 402.22 588.95 Td (is ) Tj ET Q q 0 0 0 rg BT 411.56 588.95 Td (required ) Tj ET Q q 0 0 0 rg BT 447.42 588.95 Td (in ) Tj ET Q q 0 0 0 rg BT 457.27 588.95 Td (determining ) Tj ET Q q 0 0 0 rg BT 507.13 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 522.48 588.95 Td (worldwide ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 575.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 111.03 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 125.05 575.45 Td (income ) Tj ET Q q 0 0 0 rg BT 157.58 575.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 182.60 575.45 Td (as ) Tj ET Q q 0 0 0 rg BT 195.63 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 211.65 575.45 Td (determination ) Tj ET Q q 0 0 0 rg BT 269.70 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 280.72 575.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 296.24 575.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 333.77 575.45 Td (and ) Tj ET Q q 0 0 0 rg BT 352.30 575.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 381.83 575.45 Td (involves ) Tj ET Q q 0 0 0 rg BT 417.86 575.45 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 472.40 575.45 Td (in ) Tj ET Q q 0 0 0 rg BT 482.92 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 498.95 575.45 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 555.00 575.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 561.95 Td (complex ) Tj ET Q q 0 0 0 rg BT 108.69 561.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.38 561.95 Td (regulations ) Tj ET Q q 0 0 0 rg BT 172.08 561.95 Td (and ) Tj ET Q q 0 0 0 rg BT 190.78 561.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 226.97 561.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 269.16 561.95 Td (and ) Tj ET Q q 0 0 0 rg BT 287.86 561.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 342.06 561.95 Td (considering ) Tj ET Q q 0 0 0 rg BT 391.77 561.95 Td (the ) Tj ET Q q 0 0 0 rg BT 407.96 561.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 442.15 561.95 Td (facts ) Tj ET Q q 0 0 0 rg BT 464.84 561.95 Td (and ) Tj ET Q q 0 0 0 rg BT 483.53 561.95 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 546.99 561.95 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 548.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.59 548.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 147.18 548.45 Td (for ) Tj ET Q q 0 0 0 rg BT 159.25 548.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 194.85 548.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.42 548.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 244.01 548.45 Td (based ) Tj ET Q q 0 0 0 rg BT 270.10 548.45 Td (on ) Tj ET Q q 0 0 0 rg BT 281.68 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 295.76 548.45 Td (most ) Tj ET Q q 0 0 0 rg BT 316.83 548.45 Td (likely ) Tj ET Q q 0 0 0 rg BT 338.41 548.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.00 548.45 Td (of ) Tj ET Q q 0 0 0 rg BT 379.07 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 393.16 548.45 Td (possible ) Tj ET Q q 0 0 0 rg BT 427.75 548.45 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 470.84 548.45 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 511.92 548.45 Td (are ) Tj ET Q q 0 0 0 rg BT 526.50 548.45 Td (reviewed ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 534.95 Td (each ) Tj ET Q q 0 0 0 rg BT 92.74 534.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 129.98 534.95 Td (period ) Tj ET Q q 0 0 0 rg BT 156.72 534.95 Td (and ) Tj ET Q q 0 0 0 rg BT 173.45 534.95 Td (updated, ) Tj ET Q q 0 0 0 rg BT 210.21 534.95 Td (based ) Tj ET Q q 0 0 0 rg BT 236.45 534.95 Td (on ) Tj ET Q q 0 0 0 rg BT 248.18 534.95 Td (new ) Tj ET Q q 0 0 0 rg BT 266.41 534.95 Td (information ) Tj ET Q q 0 0 0 rg BT 312.65 534.95 Td (available, ) Tj ET Q q 0 0 0 rg BT 352.40 534.95 Td (and ) Tj ET Q q 0 0 0 rg BT 369.13 534.95 Td (could ) Tj ET Q q 0 0 0 rg BT 392.37 534.95 Td (result ) Tj ET Q q 0 0 0 rg BT 416.10 534.95 Td (in ) Tj ET Q q 0 0 0 rg BT 424.82 534.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 460.57 534.95 Td (to ) Tj ET Q q 0 0 0 rg BT 469.79 534.95 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 534.95 Td (income ) Tj ET Q q 0 0 0 rg BT 514.76 534.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 528.48 534.95 Td (liabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 521.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 125.04 521.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 139.54 521.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 176.06 521.45 Td (in ) Tj ET Q q 0 0 0 rg BT 185.56 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 200.58 521.45 Td (period ) Tj ET Q q 0 0 0 rg BT 228.09 521.45 Td (in ) Tj ET Q q 0 0 0 rg BT 237.60 521.45 Td (which ) Tj ET Q q 0 0 0 rg BT 263.11 521.45 Td (such ) Tj ET Q q 0 0 0 rg BT 284.62 521.45 Td (determinations ) Tj ET Q q 0 0 0 rg BT 346.15 521.45 Td (are ) Tj ET Q q 0 0 0 rg BT 361.66 521.45 Td (made.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 73.5 500.666796875 m 155.044921875 500.666796875 l s q 0 0 0 rg BT 73.50 501.95 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 112.03 501.95 Td (and ) Tj ET Q q 0 0 0 rg BT 129.54 501.95 Td (claims) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 482.45 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 115.65 482.45 Td (are ) Tj ET Q q 0 0 0 rg BT 131.29 482.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 177.95 482.45 Td (when ) Tj ET Q q 0 0 0 rg BT 202.09 482.45 Td (the ) Tj ET Q q 0 0 0 rg BT 217.24 482.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.38 482.45 Td (has ) Tj ET Q q 0 0 0 rg BT 275.53 482.45 Td (a ) Tj ET Q q 0 0 0 rg BT 283.16 482.45 Td (present ) Tj ET Q q 0 0 0 rg BT 315.81 482.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 337.46 482.45 Td (or ) Tj ET Q q 0 0 0 rg BT 348.09 482.45 Td (constructive ) Tj ET Q q 0 0 0 rg BT 398.74 482.45 Td (obligation ) Tj ET Q q 0 0 0 rg BT 439.91 482.45 Td (as ) Tj ET Q q 0 0 0 rg BT 452.04 482.45 Td (a ) Tj ET Q q 0 0 0 rg BT 459.68 482.45 Td (result ) Tj ET Q q 0 0 0 rg BT 484.32 482.45 Td (of ) Tj ET Q q 0 0 0 rg BT 494.46 482.45 Td (a ) Tj ET Q q 0 0 0 rg BT 502.09 482.45 Td (past ) Tj ET Q q 0 0 0 rg BT 521.74 482.45 Td (event, ) Tj ET Q q 0 0 0 rg BT 548.88 482.45 Td (it ) Tj ET Q q 0 0 0 rg BT 556.02 482.45 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 468.95 Td (probable ) Tj ET Q q 0 0 0 rg BT 109.68 468.95 Td (that ) Tj ET Q q 0 0 0 rg BT 127.84 468.95 Td (an ) Tj ET Q q 0 0 0 rg BT 141.01 468.95 Td (outflow ) Tj ET Q q 0 0 0 rg BT 172.67 468.95 Td (of ) Tj ET Q q 0 0 0 rg BT 183.33 468.95 Td (resources ) Tj ET Q q 0 0 0 rg BT 226.00 468.95 Td (embodying ) Tj ET Q q 0 0 0 rg BT 273.18 468.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 314.85 468.95 Td (benefits ) Tj ET Q q 0 0 0 rg BT 349.52 468.95 Td (will ) Tj ET Q q 0 0 0 rg BT 365.17 468.95 Td (be ) Tj ET Q q 0 0 0 rg BT 378.33 468.95 Td (required ) Tj ET Q q 0 0 0 rg BT 414.50 468.95 Td (to ) Tj ET Q q 0 0 0 rg BT 425.16 468.95 Td (settle ) Tj ET Q q 0 0 0 rg BT 449.82 468.95 Td (the ) Tj ET Q q 0 0 0 rg BT 465.49 468.95 Td (obligation ) Tj ET Q q 0 0 0 rg BT 507.17 468.95 Td (and ) Tj ET Q q 0 0 0 rg BT 525.34 468.95 Td (a ) Tj ET Q q 0 0 0 rg BT 533.49 468.95 Td (reliable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 455.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 107.51 455.45 Td (can ) Tj ET Q q 0 0 0 rg BT 124.01 455.45 Td (be ) Tj ET Q q 0 0 0 rg BT 136.01 455.45 Td (made ) Tj ET Q q 0 0 0 rg BT 160.52 455.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.02 455.45 Td (the ) Tj ET Q q 0 0 0 rg BT 184.52 455.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 216.53 455.45 Td (of ) Tj ET Q q 0 0 0 rg BT 226.03 455.45 Td (the ) Tj ET Q q 0 0 0 rg BT 240.54 455.45 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 283.43 455.45 Td (The ) Tj ET Q q 0 0 0 rg BT 300.93 455.45 Td (accrued ) Tj ET Q q 0 0 0 rg BT 334.94 455.45 Td (litigation ) Tj ET Q q 0 0 0 rg BT 369.96 455.45 Td (and ) Tj ET Q q 0 0 0 rg BT 386.96 455.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 407.97 455.45 Td (claim ) Tj ET Q q 0 0 0 rg BT 430.97 455.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 473.48 455.45 Td (are ) Tj ET Q q 0 0 0 rg BT 488.48 455.45 Td (based ) Tj ET Q q 0 0 0 rg BT 514.99 455.45 Td (on ) Tj ET Q q 0 0 0 rg BT 526.99 455.45 Td (historical ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 441.95 Td (experience, ) Tj ET Q q 0 0 0 rg BT 121.15 441.95 Td (current ) Tj ET Q q 0 0 0 rg BT 152.27 441.95 Td (trends ) Tj ET Q q 0 0 0 rg BT 180.40 441.95 Td (and ) Tj ET Q q 0 0 0 rg BT 198.53 441.95 Td (other ) Tj ET Q q 0 0 0 rg BT 222.16 441.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 275.80 441.95 Td (that ) Tj ET Q q 0 0 0 rg BT 293.93 441.95 Td (are ) Tj ET Q q 0 0 0 rg BT 310.05 441.95 Td (believed ) Tj ET Q q 0 0 0 rg BT 346.69 441.95 Td (to ) Tj ET Q q 0 0 0 rg BT 357.32 441.95 Td (be ) Tj ET Q q 0 0 0 rg BT 370.44 441.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 418.09 441.95 Td (under ) Tj ET Q q 0 0 0 rg BT 444.23 441.95 Td (the ) Tj ET Q q 0 0 0 rg BT 459.85 441.95 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 522.99 441.95 Td (Estimates ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 428.45 Td (include ) Tj ET Q q 0 0 0 rg BT 101.53 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.55 428.45 Td (period ) Tj ET Q q 0 0 0 rg BT 142.08 428.45 Td (in ) Tj ET Q q 0 0 0 rg BT 150.60 428.45 Td (which ) Tj ET Q q 0 0 0 rg BT 175.12 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 189.14 428.45 Td (underlying ) Tj ET Q q 0 0 0 rg BT 232.18 428.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 257.70 428.45 Td (of ) Tj ET Q q 0 0 0 rg BT 266.72 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 280.74 428.45 Td (claim ) Tj ET Q q 0 0 0 rg BT 303.25 428.45 Td (occurred ) Tj ET Q q 0 0 0 rg BT 339.78 428.45 Td (and ) Tj ET Q q 0 0 0 rg BT 356.30 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 370.33 428.45 Td (degree ) Tj ET Q q 0 0 0 rg BT 399.86 428.45 Td (of ) Tj ET Q q 0 0 0 rg BT 408.88 428.45 Td (probability ) Tj ET Q q 0 0 0 rg BT 451.41 428.45 Td (of ) Tj ET Q q 0 0 0 rg BT 460.42 428.45 Td (an ) Tj ET Q q 0 0 0 rg BT 471.95 428.45 Td (unfavourable ) Tj ET Q q 0 0 0 rg BT 525.50 428.45 Td (outcome. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 414.95 Td (Management ) Tj ET Q q 0 0 0 rg BT 127.59 414.95 Td (reviews ) Tj ET Q q 0 0 0 rg BT 161.65 414.95 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 215.73 414.95 Td (and ) Tj ET Q q 0 0 0 rg BT 234.30 414.95 Td (facts ) Tj ET Q q 0 0 0 rg BT 256.86 414.95 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 307.94 414.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 358.03 414.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 394.61 414.95 Td (and ) Tj ET Q q 0 0 0 rg BT 413.18 414.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 442.23 414.95 Td (on ) Tj ET Q q 0 0 0 rg BT 455.80 414.95 Td (a ) Tj ET Q q 0 0 0 rg BT 464.36 414.95 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 502.93 414.95 Td (basis, ) Tj ET Q q 0 0 0 rg BT 529.99 414.95 Td (involves ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 401.45 Td (external ) Tj ET Q q 0 0 0 rg BT 106.34 401.45 Td (counsel ) Tj ET Q q 0 0 0 rg BT 140.18 401.45 Td (when ) Tj ET Q q 0 0 0 rg BT 164.51 401.45 Td (necessary ) Tj ET Q q 0 0 0 rg BT 208.35 401.45 Td (and ) Tj ET Q q 0 0 0 rg BT 226.18 401.45 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 257.51 401.45 Td (the ) Tj ET Q q 0 0 0 rg BT 272.84 401.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 311.68 401.45 Td (accordingly) Tj ET Q q 0 0 0 rg BT 356.53 401.45 Td (. ) Tj ET Q q 0 0 0 rg BT 361.67 401.45 Td (The ) Tj ET Q q 0 0 0 rg BT 379.99 401.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.33 401.45 Td (has ) Tj ET Q q 0 0 0 rg BT 438.66 401.45 Td (to ) Tj ET Q q 0 0 0 rg BT 448.98 401.45 Td (be ) Tj ET Q q 0 0 0 rg BT 461.81 401.45 Td (compliant ) Tj ET Q q 0 0 0 rg BT 503.15 401.45 Td (with ) Tj ET Q q 0 0 0 rg BT 521.97 401.45 Td (applicable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 387.95 Td (law ) Tj ET Q q 0 0 0 rg BT 87.71 387.95 Td (in ) Tj ET Q q 0 0 0 rg BT 97.42 387.95 Td (many ) Tj ET Q q 0 0 0 rg BT 122.13 387.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 171.85 387.95 Td (which ) Tj ET Q q 0 0 0 rg BT 197.57 387.95 Td (increases ) Tj ET Q q 0 0 0 rg BT 238.79 387.95 Td (the ) Tj ET Q q 0 0 0 rg BT 254.01 387.95 Td (complexity ) Tj ET Q q 0 0 0 rg BT 299.22 387.95 Td (of ) Tj ET Q q 0 0 0 rg BT 309.43 387.95 Td (determining ) Tj ET Q q 0 0 0 rg BT 359.16 387.95 Td (the ) Tj ET Q q 0 0 0 rg BT 374.38 387.95 Td (adequate ) Tj ET Q q 0 0 0 rg BT 414.62 387.95 Td (provision ) Tj ET Q q 0 0 0 rg BT 453.34 387.95 Td (following ) Tj ET Q q 0 0 0 rg BT 491.07 387.95 Td (a ) Tj ET Q q 0 0 0 rg BT 498.78 387.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 534.50 387.95 Td (review) Tj ET Q q 0 0 0 rg BT 560.01 387.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 374.45 Td (Since ) Tj ET Q q 0 0 0 rg BT 97.05 374.45 Td (the ) Tj ET Q q 0 0 0 rg BT 112.61 374.45 Td (outcome ) Tj ET Q q 0 0 0 rg BT 150.17 374.45 Td (of ) Tj ET Q q 0 0 0 rg BT 160.72 374.45 Td (such ) Tj ET Q q 0 0 0 rg BT 182.77 374.45 Td (litigation ) Tj ET Q q 0 0 0 rg BT 218.83 374.45 Td (and ) Tj ET Q q 0 0 0 rg BT 236.89 374.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 265.43 374.45 Td (is ) Tj ET Q q 0 0 0 rg BT 274.97 374.45 Td (not ) Tj ET Q q 0 0 0 rg BT 290.52 374.45 Td (predictable ) Tj ET Q q 0 0 0 rg BT 337.59 374.45 Td (with ) Tj ET Q q 0 0 0 rg BT 356.64 374.45 Td (assurance, ) Tj ET Q q 0 0 0 rg BT 403.71 374.45 Td (those ) Tj ET Q q 0 0 0 rg BT 428.76 374.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 472.32 374.45 Td (are ) Tj ET Q q 0 0 0 rg BT 488.37 374.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.93 374.45 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 374.45 Td (change. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.50 360.95 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 123.18 360.95 Td (to ) Tj ET Q q 0 0 0 rg BT 132.85 360.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 168.03 360.95 Td (and ) Tj ET Q q 0 0 0 rg BT 185.21 360.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 212.88 360.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 255.56 360.95 Td (are ) Tj ET Q q 0 0 0 rg BT 270.73 360.95 Td (reflected ) Tj ET Q q 0 0 0 rg BT 307.41 360.95 Td (in ) Tj ET Q q 0 0 0 rg BT 316.57 360.95 Td (the ) Tj ET Q q 0 0 0 rg BT 331.25 360.95 Td (period ) Tj ET Q q 0 0 0 rg BT 358.43 360.95 Td (when ) Tj ET Q q 0 0 0 rg BT 382.11 360.95 Td (the ) Tj ET Q q 0 0 0 rg BT 396.78 360.95 Td (facts ) Tj ET Q q 0 0 0 rg BT 417.95 360.95 Td (that ) Tj ET Q q 0 0 0 rg BT 435.12 360.95 Td (give ) Tj ET Q q 0 0 0 rg BT 453.79 360.95 Td (rise ) Tj ET Q q 0 0 0 rg BT 470.46 360.95 Td (to ) Tj ET Q q 0 0 0 rg BT 480.13 360.95 Td (an ) Tj ET Q q 0 0 0 rg BT 492.30 360.95 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 538.48 360.95 Td (occur) Tj ET Q q 0 0 0 rg BT 560.00 360.95 Td (.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (55) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (9. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Integrity of Disclosure) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 694.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.3 m 57.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 142.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 690.3 m 228.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 690.3 m 337.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 690.3 m 475.5 690.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 690.3 m 561.5 690.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 690.3 m 57.5 686.3 l s BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 658.30 Td (The ) Tj ET Q q 0 0 0 rg BT 90.48 658.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 117.46 658.30 Td (of ) Tj ET Q q 0 0 0 rg BT 127.94 658.30 Td (Directors ) Tj ET Q q 0 0 0 rg BT 166.91 658.30 Td (has ) Tj ET Q q 0 0 0 rg BT 184.39 658.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.87 658.30 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 254.86 658.30 Td (under ) Tj ET Q q 0 0 0 rg BT 280.84 658.30 Td (its ) Tj ET Q q 0 0 0 rg BT 292.81 658.30 Td (charter ) Tj ET Q q 0 0 0 rg BT 323.79 658.30 Td (and ) Tj ET Q q 0 0 0 rg BT 341.78 658.30 Td (under ) Tj ET Q q 0 0 0 rg BT 367.76 658.30 Td (the ) Tj ET Q q 0 0 0 rg BT 383.24 658.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 424.22 658.30 Td (laws ) Tj ET Q q 0 0 0 rg BT 445.20 658.30 Td (that ) Tj ET Q q 0 0 0 rg BT 463.18 658.30 Td (govern ) Tj ET Q q 0 0 0 rg BT 493.66 658.30 Td (CGI) Tj ET Q q 0 0 0 rg BT 511.50 658.30 Td (s ) Tj ET Q q 0 0 0 rg BT 518.97 658.30 Td (continuous ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 644.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 114.17 644.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 158.85 644.80 Td (to ) Tj ET Q q 0 0 0 rg BT 168.00 644.80 Td (oversee ) Tj ET Q q 0 0 0 rg BT 201.67 644.80 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 225.54 644.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 272.71 644.80 Td (with ) Tj ET Q q 0 0 0 rg BT 290.37 644.80 Td (its ) Tj ET Q q 0 0 0 rg BT 301.02 644.80 Td (continuous ) Tj ET Q q 0 0 0 rg BT 346.20 644.80 Td (and ) Tj ET Q q 0 0 0 rg BT 362.86 644.80 Td (timely ) Tj ET Q q 0 0 0 rg BT 388.01 644.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 430.18 644.80 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 477.36 644.80 Td (as ) Tj ET Q q 0 0 0 rg BT 488.52 644.80 Td (well ) Tj ET Q q 0 0 0 rg BT 505.67 644.80 Td (as ) Tj ET Q q 0 0 0 rg BT 516.82 644.80 Td (the ) Tj ET Q q 0 0 0 rg BT 530.99 644.80 Td (integrity ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 631.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.30 631.30 Td (the ) Tj ET Q q 0 0 0 rg BT 95.60 631.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 142.13 631.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 173.45 631.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 206.75 631.30 Td (and ) Tj ET Q q 0 0 0 rg BT 223.56 631.30 Td (management ) Tj ET Q q 0 0 0 rg BT 277.89 631.30 Td (information ) Tj ET Q q 0 0 0 rg BT 324.20 631.30 Td (systems. ) Tj ET Q q 0 0 0 rg BT 361.38 631.30 Td (The ) Tj ET Q q 0 0 0 rg BT 378.68 631.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 404.49 631.30 Td (of ) Tj ET Q q 0 0 0 rg BT 413.79 631.30 Td (Directors ) Tj ET Q q 0 0 0 rg BT 451.59 631.30 Td (carries ) Tj ET Q q 0 0 0 rg BT 480.39 631.30 Td (out ) Tj ET Q q 0 0 0 rg BT 494.69 631.30 Td (this ) Tj ET Q q 0 0 0 rg BT 510.49 631.30 Td (responsibility ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 617.80 Td (mainly ) Tj ET Q q 0 0 0 rg BT 100.51 617.80 Td (through ) Tj ET Q q 0 0 0 rg BT 133.53 617.80 Td (its ) Tj ET Q q 0 0 0 rg BT 144.54 617.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 167.55 617.80 Td (and ) Tj ET Q q 0 0 0 rg BT 185.07 617.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 205.07 617.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 260.10 617.80 Td (Committee.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 598.30 Td (The ) Tj ET Q q 0 0 0 rg BT 88.86 598.30 Td (Audit ) Tj ET Q q 0 0 0 rg BT 111.05 598.30 Td (and ) Tj ET Q q 0 0 0 rg BT 127.75 598.30 Td (Risk ) Tj ET Q q 0 0 0 rg BT 146.93 598.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 201.14 598.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 246.33 598.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.52 598.30 Td (CGI ) Tj ET Q q 0 0 0 rg BT 273.20 598.30 Td (is ) Tj ET Q q 0 0 0 rg BT 281.38 598.30 Td (composed ) Tj ET Q q 0 0 0 rg BT 324.59 598.30 Td (entirely ) Tj ET Q q 0 0 0 rg BT 355.28 598.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.47 598.30 Td (independent ) Tj ET Q q 0 0 0 rg BT 415.70 598.30 Td (directors ) Tj ET Q q 0 0 0 rg BT 451.89 598.30 Td (who ) Tj ET Q q 0 0 0 rg BT 470.08 598.30 Td (meet ) Tj ET Q q 0 0 0 rg BT 491.77 598.30 Td (the ) Tj ET Q q 0 0 0 rg BT 505.96 598.30 Td (independence ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 584.80 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 584.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 136.98 584.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 192.47 584.80 Td (of ) Tj ET Q q 0 0 0 rg BT 202.94 584.80 Td (National ) Tj ET Q q 0 0 0 rg BT 238.93 584.80 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 284.41 584.80 Td (52-1) Tj ET Q q 0 0 0 rg BT 301.76 584.80 Td (10 ) Tj ET Q q 0 0 0 rg BT 314.74 584.80 Td (adopted ) Tj ET Q q 0 0 0 rg BT 350.23 584.80 Td (by ) Tj ET Q q 0 0 0 rg BT 362.71 584.80 Td (the ) Tj ET Q q 0 0 0 rg BT 378.19 584.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 419.68 584.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 461.58 584.80 Td (Administrators ) Tj ET Q q 0 0 0 rg BT 522.06 584.80 Td (as ) Tj ET Q q 0 0 0 rg BT 534.53 584.80 Td (well ) Tj ET Q q 0 0 0 rg BT 553.00 584.80 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 571.30 Td (those ) Tj ET Q q 0 0 0 rg BT 95.34 571.30 Td (of ) Tj ET Q q 0 0 0 rg BT 104.16 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.99 571.30 Td (New ) Tj ET Q q 0 0 0 rg BT 137.23 571.30 Td (Y) Tj ET Q q 0 0 0 rg BT 142.41 571.30 Td (ork ) Tj ET Q q 0 0 0 rg BT 156.23 571.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 180.06 571.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 221.41 571.30 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 253.23 571.30 Td (and ) Tj ET Q q 0 0 0 rg BT 269.57 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.40 571.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 302.22 571.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 343.06 571.30 Td (and ) Tj ET Q q 0 0 0 rg BT 359.39 571.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 400.74 571.30 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 453.99 571.30 Td (The ) Tj ET Q q 0 0 0 rg BT 470.81 571.30 Td (role ) Tj ET Q q 0 0 0 rg BT 487.14 571.30 Td (and ) Tj ET Q q 0 0 0 rg BT 503.48 571.30 Td (responsibilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 557.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.41 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.05 557.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 123.46 557.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.38 557.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 163.78 557.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 220.22 557.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 267.63 557.80 Td (include: ) Tj ET Q q 0 0 0 rg BT 302.55 557.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 314.45 557.80 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 356.37 557.80 Td (public ) Tj ET Q q 0 0 0 rg BT 383.79 557.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 428.21 557.80 Td (documents ) Tj ET Q q 0 0 0 rg BT 476.13 557.80 Td (containing ) Tj ET Q q 0 0 0 rg BT 521.07 557.80 Td (audited ) Tj ET Q q 0 0 0 rg BT 554.50 557.80 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 544.30 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 114.05 544.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.59 544.30 Td (information ) Tj ET Q q 0 0 0 rg BT 196.63 544.30 Td (concerning ) Tj ET Q q 0 0 0 rg BT 243.17 544.30 Td (CGI; 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) Tj ET Q q 0 0 0 rg BT 487.28 422.80 Td (and ) Tj ET Q q 0 0 0 rg BT 504.64 422.80 Td (\(ix\) ) Tj ET Q q 0 0 0 rg BT 519.48 422.80 Td (performing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 409.30 Td (such ) Tj ET Q q 0 0 0 rg BT 94.35 409.30 Td (other ) Tj ET Q q 0 0 0 rg BT 118.20 409.30 Td (functions ) Tj ET Q q 0 0 0 rg BT 157.56 409.30 Td (as ) Tj ET Q q 0 0 0 rg BT 170.41 409.30 Td (are ) Tj ET Q q 0 0 0 rg BT 186.76 409.30 Td (usually ) Tj ET Q q 0 0 0 rg BT 218.11 409.30 Td (attributed ) Tj ET Q q 0 0 0 rg BT 258.98 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 269.82 409.30 Td (audit ) Tj ET Q q 0 0 0 rg BT 292.68 409.30 Td (committees ) Tj ET Q q 0 0 0 rg BT 342.03 409.30 Td (or ) Tj ET Q q 0 0 0 rg BT 353.37 409.30 Td (as ) Tj ET Q q 0 0 0 rg BT 366.21 409.30 Td (directed ) Tj ET Q q 0 0 0 rg BT 401.57 409.30 Td (by ) Tj ET Q q 0 0 0 rg BT 414.42 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 430.27 409.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 457.62 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 468.47 409.30 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 510.31 409.30 Td (In ) Tj ET Q q 0 0 0 rg BT 521.16 409.30 Td (making ) Tj ET Q q 0 0 0 rg BT 553.51 409.30 Td (its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 395.80 Td (recommendation ) Tj ET Q q 0 0 0 rg BT 142.00 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 152.47 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.94 395.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 194.92 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 205.40 395.80 Td (Directors ) Tj ET Q q 0 0 0 rg BT 244.36 395.80 Td (in ) Tj ET Q q 0 0 0 rg BT 254.33 395.80 Td (relation ) Tj ET Q q 0 0 0 rg BT 286.82 395.80 Td (to ) Tj ET Q q 0 0 0 rg BT 297.29 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 312.76 395.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 342.75 395.80 Td (appointment ) Tj ET Q q 0 0 0 rg BT 395.25 395.80 Td (of ) Tj ET Q q 0 0 0 rg BT 405.72 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 421.20 395.80 Td (external ) Tj ET Q q 0 0 0 rg BT 456.18 395.80 Td (auditor) Tj ET Q q 0 0 0 rg BT 483.20 395.80 Td (, ) Tj ET Q q 0 0 0 rg BT 488.67 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.55 395.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 527.03 395.80 Td (and ) Tj ET Q q 0 0 0 rg BT 545.01 395.80 Td (Risk ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 382.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 125.92 382.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 170.82 382.30 Td (conducts ) Tj ET Q q 0 0 0 rg BT 208.23 382.30 Td (an ) Tj ET Q q 0 0 0 rg BT 219.62 382.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.04 382.30 Td (assessment ) Tj ET Q q 0 0 0 rg BT 297.44 382.30 Td (of ) Tj ET Q q 0 0 0 rg BT 306.34 382.30 Td (the ) Tj ET Q q 0 0 0 rg BT 320.24 382.30 Td (external ) Tj ET Q q 0 0 0 rg BT 353.64 382.30 Td (auditor's ) Tj ET Q q 0 0 0 rg BT 388.77 382.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 440.68 382.30 Td (following ) Tj ET Q q 0 0 0 rg BT 477.08 382.30 Td (the ) Tj ET Q q 0 0 0 rg BT 490.98 382.30 Td (recommendations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.48 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.98 368.80 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 137.98 368.80 Td (Professional ) Tj ET Q q 0 0 0 rg BT 189.09 368.80 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 240.60 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 250.08 368.80 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 285.96 368.80 Td (The ) Tj ET Q q 0 0 0 rg BT 303.45 368.80 Td (formal ) Tj ET Q q 0 0 0 rg BT 330.43 368.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 380.43 368.80 Td (is ) Tj ET Q q 0 0 0 rg BT 388.91 368.80 Td (concluded ) Tj ET Q q 0 0 0 rg BT 431.92 368.80 Td (in ) Tj ET Q q 0 0 0 rg BT 440.90 368.80 Td (advance ) Tj ET Q q 0 0 0 rg BT 476.91 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 486.39 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 500.49 368.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 530.49 368.80 Td (General ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 355.30 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 106.52 355.30 Td (of ) Tj ET Q q 0 0 0 rg BT 116.53 355.30 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 172.56 355.30 Td (and ) Tj ET Q q 0 0 0 rg BT 190.08 355.30 Td (is ) Tj ET Q q 0 0 0 rg BT 199.08 355.30 Td (conducted ) Tj ET Q q 0 0 0 rg BT 243.11 355.30 Td (with ) Tj ET Q q 0 0 0 rg BT 261.62 355.30 Td (the ) Tj ET Q q 0 0 0 rg BT 276.63 355.30 Td (assistance ) Tj ET Q q 0 0 0 rg BT 321.65 355.30 Td (of ) Tj ET Q q 0 0 0 rg BT 331.66 355.30 Td (key ) Tj ET Q q 0 0 0 rg BT 348.16 355.30 Td (CGI ) Tj ET Q q 0 0 0 rg BT 366.66 355.30 Td (personnel.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 335.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.74 335.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.49 335.80 Td (has ) Tj ET Q q 0 0 0 rg BT 147.23 335.80 Td (established ) Tj ET Q q 0 0 0 rg BT 194.99 335.80 Td (and ) Tj ET Q q 0 0 0 rg BT 212.23 335.80 Td (maintains ) Tj ET Q q 0 0 0 rg BT 252.98 335.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 295.73 335.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 329.47 335.80 Td (and ) Tj ET Q q 0 0 0 rg BT 346.72 335.80 Td (procedures ) Tj ET Q q 0 0 0 rg BT 393.97 335.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 432.73 335.80 Td (to ) Tj ET Q q 0 0 0 rg BT 442.47 335.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 474.22 335.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 520.98 335.80 Td (assurance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 322.30 Td (that ) Tj ET Q q 0 0 0 rg BT 89.04 322.30 Td (material ) Tj ET Q q 0 0 0 rg BT 123.08 322.30 Td (information ) Tj ET Q q 0 0 0 rg BT 169.64 322.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 201.19 322.30 Td (to ) Tj ET Q q 0 0 0 rg BT 210.73 322.30 Td (the ) Tj ET Q q 0 0 0 rg BT 225.27 322.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.82 322.30 Td (is ) Tj ET Q q 0 0 0 rg BT 274.35 322.30 Td (made ) Tj ET Q q 0 0 0 rg BT 298.89 322.30 Td (known ) Tj ET Q q 0 0 0 rg BT 326.94 322.30 Td (to ) Tj ET Q q 0 0 0 rg BT 336.48 322.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.02 322.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 374.06 322.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 415.11 322.30 Td (Of) Tj ET Q q 0 0 0 rg BT 424.45 322.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 443.49 322.30 Td (and ) Tj ET Q q 0 0 0 rg BT 460.54 322.30 Td (the ) Tj ET Q q 0 0 0 rg BT 475.08 322.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 498.12 322.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 536.17 322.30 Td (Of) Tj ET Q q 0 0 0 rg BT 545.51 322.30 Td (ficer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 308.80 Td (by ) Tj ET Q q 0 0 0 rg BT 84.07 308.80 Td (others, ) Tj ET Q q 0 0 0 rg BT 114.15 308.80 Td (particularly ) Tj ET Q q 0 0 0 rg BT 160.23 308.80 Td (during ) Tj ET Q q 0 0 0 rg BT 187.81 308.80 Td (the ) Tj ET Q q 0 0 0 rg BT 202.89 308.80 Td (period ) Tj ET Q q 0 0 0 rg BT 230.47 308.80 Td (in ) Tj ET Q q 0 0 0 rg BT 240.04 308.80 Td (which ) Tj ET Q q 0 0 0 rg BT 265.62 308.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 295.21 308.80 Td (and ) Tj ET Q q 0 0 0 rg BT 312.79 308.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 342.36 308.80 Td (filings ) Tj ET Q q 0 0 0 rg BT 367.94 308.80 Td (are ) Tj ET Q q 0 0 0 rg BT 383.51 308.80 Td (prepared, ) Tj ET Q q 0 0 0 rg BT 424.60 308.80 Td (and ) Tj ET Q q 0 0 0 rg BT 442.19 308.80 Td (that ) Tj ET Q q 0 0 0 rg BT 459.76 308.80 Td (information ) Tj ET Q q 0 0 0 rg BT 506.85 308.80 Td (required ) Tj ET Q q 0 0 0 rg BT 542.43 308.80 Td (to ) Tj ET Q q 0 0 0 rg BT 552.51 308.80 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 295.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 111.01 295.30 Td (by ) Tj ET Q q 0 0 0 rg BT 122.00 295.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.00 295.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.01 295.30 Td (in ) Tj ET Q q 0 0 0 rg BT 184.50 295.30 Td (its ) Tj ET Q q 0 0 0 rg BT 194.99 295.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 223.50 295.30 Td (fillings, ) Tj ET Q q 0 0 0 rg BT 252.50 295.30 Td (interim ) Tj ET Q q 0 0 0 rg BT 281.00 295.30 Td (filings ) Tj ET Q q 0 0 0 rg BT 305.49 295.30 Td (or ) Tj ET Q q 0 0 0 rg BT 314.98 295.30 Td (other ) Tj ET Q q 0 0 0 rg BT 336.99 295.30 Td (reports ) Tj ET Q q 0 0 0 rg BT 366.48 295.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 384.48 295.30 Td (or ) Tj ET Q q 0 0 0 rg BT 393.97 295.30 Td (submitted ) Tj ET Q q 0 0 0 rg BT 434.48 295.30 Td (by ) Tj ET Q q 0 0 0 rg BT 445.48 295.30 Td (the ) Tj ET Q q 0 0 0 rg BT 459.47 295.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.48 295.30 Td (under ) Tj ET Q q 0 0 0 rg BT 523.99 295.30 Td (Canadian ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 281.80 Td (and ) Tj ET Q q 0 0 0 rg BT 89.09 281.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 108.67 281.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 148.75 281.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 168.83 281.80 Td (is ) Tj ET Q q 0 0 0 rg BT 177.41 281.80 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 217.50 281.80 Td (processed, ) Tj ET Q q 0 0 0 rg BT 263.60 281.80 Td (summarized ) Tj ET Q q 0 0 0 rg BT 314.69 281.80 Td (and ) Tj ET Q q 0 0 0 rg BT 331.78 281.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 367.37 281.80 Td (within ) Tj ET Q q 0 0 0 rg BT 392.46 281.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.04 281.80 Td (time ) Tj ET Q q 0 0 0 rg BT 426.12 281.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 457.71 281.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 495.31 281.80 Td (under ) Tj ET Q q 0 0 0 rg BT 520.40 281.80 Td (those ) Tj ET Q q 0 0 0 rg BT 544.49 281.80 Td (laws ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 268.30 Td (and ) Tj ET Q q 0 0 0 rg BT 89.36 268.30 Td (the ) Tj ET Q q 0 0 0 rg BT 104.21 268.30 Td (related ) Tj ET Q q 0 0 0 rg BT 134.07 268.30 Td (rules. ) Tj ET Q q 0 0 0 rg BT 157.96 268.30 Td (As ) Tj ET Q q 0 0 0 rg BT 170.81 268.30 Td (at ) Tj ET Q q 0 0 0 rg BT 180.65 268.30 Td (September ) Tj ET Q q 0 0 0 rg BT 227.02 268.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 241.88 268.30 Td (2020, ) Tj ET Q q 0 0 0 rg BT 266.74 268.30 Td (management ) Tj ET Q q 0 0 0 rg BT 321.61 268.30 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 365.49 268.30 Td (under ) Tj ET Q q 0 0 0 rg BT 390.85 268.30 Td (the ) Tj ET Q q 0 0 0 rg BT 405.71 268.30 Td (supervision ) Tj ET Q q 0 0 0 rg BT 453.57 268.30 Td (of ) Tj ET Q q 0 0 0 rg BT 463.42 268.30 Td (and ) Tj ET Q q 0 0 0 rg BT 480.78 268.30 Td (with ) Tj ET Q q 0 0 0 rg BT 499.13 268.30 Td (the ) Tj ET Q q 0 0 0 rg BT 513.98 268.30 Td (participation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 254.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.71 254.80 Td (the ) Tj ET Q q 0 0 0 rg BT 98.42 254.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 122.63 254.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 164.85 254.80 Td (Of) Tj ET Q q 0 0 0 rg BT 174.19 254.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 194.39 254.80 Td (and ) Tj ET Q q 0 0 0 rg BT 212.61 254.80 Td (the ) Tj ET Q q 0 0 0 rg BT 228.32 254.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 252.53 254.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 291.75 254.80 Td (Of) Tj ET Q q 0 0 0 rg BT 301.09 254.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 317.60 254.80 Td (, ) Tj ET Q q 0 0 0 rg BT 323.30 254.80 Td (the ) Tj ET Q q 0 0 0 rg BT 339.01 254.80 Td (ef) Tj ET Q q 0 0 0 rg BT 346.35 254.80 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 394.58 254.80 Td (of ) Tj ET Q q 0 0 0 rg BT 405.28 254.80 Td (the ) Tj ET Q q 0 0 0 rg BT 421.00 254.80 Td (Company) Tj ET Q q 0 0 0 rg BT 461.35 254.80 Td (s ) Tj ET Q q 0 0 0 rg BT 469.05 254.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 512.77 254.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 547.49 254.80 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 241.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 120.35 241.30 Td (as ) Tj ET Q q 0 0 0 rg BT 133.18 241.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 166.04 241.30 Td (under ) Tj ET Q q 0 0 0 rg BT 192.38 241.30 Td (National ) Tj ET Q q 0 0 0 rg BT 228.73 241.30 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 274.57 241.30 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 305.92 241.30 Td (adopted ) Tj ET Q q 0 0 0 rg BT 341.78 241.30 Td (by ) Tj ET Q q 0 0 0 rg BT 354.61 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 370.44 241.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 412.30 241.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.48 241.30 Td (Administrators ) Tj ET Q q 0 0 0 rg BT 515.32 241.30 Td (and ) Tj ET Q q 0 0 0 rg BT 533.67 241.30 Td (in ) Tj ET Q q 0 0 0 rg BT 544.00 241.30 Td (Rule ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 227.80 Td (13\(a\)-15\(e\) ) Tj ET Q q 0 0 0 rg BT 120.22 227.80 Td (under ) Tj ET Q q 0 0 0 rg BT 146.43 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 162.14 227.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 182.84 227.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 225.56 227.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 268.15 227.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 284.35 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 295.05 227.80 Td (1934, ) Tj ET Q q 0 0 0 rg BT 320.77 227.80 Td (as ) Tj ET Q q 0 0 0 rg BT 333.48 227.80 Td (amended. ) Tj ET Q q 0 0 0 rg BT 376.70 227.80 Td (Based ) Tj ET Q q 0 0 0 rg BT 405.42 227.80 Td (on ) Tj ET Q q 0 0 0 rg BT 418.63 227.80 Td (that ) Tj ET Q q 0 0 0 rg BT 436.84 227.80 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 483.57 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 499.28 227.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 523.48 227.80 Td (Executive ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 214.30 Td (Of) Tj ET Q q 0 0 0 rg BT 81.34 214.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 100.57 214.30 Td (and ) Tj ET Q q 0 0 0 rg BT 117.82 214.30 Td (the ) Tj ET Q q 0 0 0 rg BT 132.56 214.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 155.80 214.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 194.05 214.30 Td (Of) Tj ET Q q 0 0 0 rg BT 203.39 214.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 222.62 214.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 265.88 214.30 Td (that ) Tj ET Q q 0 0 0 rg BT 283.12 214.30 Td (the ) Tj ET Q q 0 0 0 rg BT 297.87 214.30 Td (Company) Tj ET Q q 0 0 0 rg BT 338.22 214.30 Td (s ) Tj ET Q q 0 0 0 rg BT 344.95 214.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 387.70 214.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 421.44 214.30 Td (and ) Tj ET Q q 0 0 0 rg BT 438.69 214.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 485.95 214.30 Td (were ) Tj ET Q q 0 0 0 rg BT 507.68 214.30 Td (ef) Tj ET Q q 0 0 0 rg BT 515.03 214.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 543.27 214.30 Td (as ) Tj ET Q q 0 0 0 rg BT 555.00 214.30 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 200.80 Td (September ) Tj ET Q q 0 0 0 rg BT 118.52 200.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 133.54 200.80 Td (2020.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 181.30 Td (The ) Tj ET Q q 0 0 0 rg BT 88.99 181.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.99 181.30 Td (has ) Tj ET Q q 0 0 0 rg BT 144.99 181.30 Td (also ) Tj ET Q q 0 0 0 rg BT 162.98 181.30 Td (established ) Tj ET Q q 0 0 0 rg BT 210.00 181.30 Td (and ) Tj ET Q q 0 0 0 rg BT 226.50 181.30 Td (maintains ) Tj ET Q q 0 0 0 rg BT 266.50 181.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 297.50 181.30 Td (control ) Tj ET Q q 0 0 0 rg BT 326.00 181.30 Td (over ) Tj ET Q q 0 0 0 rg BT 344.99 181.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.49 181.30 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 419.00 181.30 Td (as ) Tj ET Q q 0 0 0 rg BT 429.98 181.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 460.99 181.30 Td (under ) Tj ET Q q 0 0 0 rg BT 485.50 181.30 Td (National ) Tj ET Q q 0 0 0 rg BT 520.00 181.30 Td (Instrument ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 167.80 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 102.13 167.80 Td (and ) Tj ET Q q 0 0 0 rg BT 119.26 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102.66 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 119.99 140.80 Td (ef) Tj ET Q q 0 0 0 rg BT 127.34 140.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 154.17 140.80 Td (by ) Tj ET Q q 0 0 0 rg BT 165.99 140.80 Td (management ) Tj ET Q q 0 0 0 rg BT 220.84 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 238.17 140.80 Td (other ) Tj ET Q q 0 0 0 rg BT 261.00 140.80 Td (key ) Tj ET Q q 0 0 0 rg BT 277.32 140.80 Td (CGI ) Tj ET Q q 0 0 0 rg BT 295.64 140.80 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 339.98 140.80 Td (to ) Tj ET Q q 0 0 0 rg BT 349.80 140.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 381.64 140.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 428.49 140.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 472.33 140.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 512.67 140.80 Td (the ) Tj ET Q q 0 0 0 rg BT 527.50 140.80 Td (reliability ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.46 127.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.43 127.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 156.91 127.30 Td (and ) Tj ET Q q 0 0 0 rg BT 174.88 127.30 Td (the ) Tj ET Q q 0 0 0 rg BT 190.34 127.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 238.83 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 249.29 127.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.26 127.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 332.24 127.30 Td (for ) Tj ET Q q 0 0 0 rg BT 345.69 127.30 Td (external ) Tj ET Q q 0 0 0 rg BT 380.66 127.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 420.64 127.30 Td (in ) Tj ET Q q 0 0 0 rg BT 430.60 127.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 480.08 127.30 Td (with ) Tj ET Q q 0 0 0 rg BT 499.04 127.30 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 525.00 127.30 Td (However) Tj ET Q q 0 0 0 rg BT 560.01 127.30 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 113.80 Td (because ) Tj ET Q q 0 0 0 rg BT 107.90 113.80 Td (of ) Tj ET Q q 0 0 0 rg BT 117.29 113.80 Td (its ) Tj ET Q q 0 0 0 rg BT 128.16 113.80 Td (inherent ) Tj ET Q q 0 0 0 rg BT 162.56 113.80 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 206.95 113.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 238.35 113.80 Td (control ) Tj ET Q q 0 0 0 rg BT 267.24 113.80 Td (over ) Tj ET Q q 0 0 0 rg BT 286.62 113.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.52 113.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.91 113.80 Td (may ) Tj ET Q q 0 0 0 rg BT 377.79 113.80 Td (not ) Tj ET Q q 0 0 0 rg BT 392.18 113.80 Td (prevent ) Tj ET Q q 0 0 0 rg BT 424.08 113.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.96 113.80 Td (detect ) Tj ET Q q 0 0 0 rg BT 460.35 113.80 Td (misstatements ) Tj ET Q q 0 0 0 rg BT 520.24 113.80 Td (on ) Tj ET Q q 0 0 0 rg BT 532.13 113.80 Td (a ) Tj ET Q q 0 0 0 rg BT 539.01 113.80 Td (timely ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 100.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 97.59 100.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 152.20 100.30 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 195.81 100.30 Td (under ) Tj ET Q q 0 0 0 rg BT 220.90 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 100.30 Td (supervision ) Tj ET Q q 0 0 0 rg BT 283.09 100.30 Td (of ) Tj ET Q q 0 0 0 rg BT 292.67 100.30 Td (and ) Tj ET Q q 0 0 0 rg BT 309.76 100.30 Td (with ) Tj ET Q q 0 0 0 rg BT 327.85 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.43 100.30 Td (participation ) Tj ET Q q 0 0 0 rg BT 393.04 100.30 Td (of ) Tj ET Q q 0 0 0 rg BT 402.62 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.21 100.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 440.30 100.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 481.39 100.30 Td (Of) Tj ET Q q 0 0 0 rg BT 490.73 100.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 509.81 100.30 Td (and ) Tj ET Q q 0 0 0 rg BT 526.90 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 541.49 100.30 Td (Chief ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 86.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 109.94 86.80 Td (Of) Tj ET Q q 0 0 0 rg BT 119.28 86.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 135.78 86.80 Td (, ) Tj ET Q q 0 0 0 rg BT 140.20 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 154.63 86.80 Td (ef) Tj ET Q q 0 0 0 rg BT 161.98 86.80 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 208.92 86.80 Td (of ) Tj ET Q q 0 0 0 rg BT 218.35 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 232.78 86.80 Td (Company) Tj ET Q q 0 0 0 rg BT 273.13 86.80 Td (s ) Tj ET Q q 0 0 0 rg BT 279.55 86.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 310.99 86.80 Td (control ) Tj ET Q q 0 0 0 rg BT 339.93 86.80 Td (over ) Tj ET Q q 0 0 0 rg BT 359.35 86.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 394.29 86.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 431.74 86.80 Td (as ) Tj ET Q q 0 0 0 rg BT 443.16 86.80 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.59 86.80 Td (September30, ) Tj ET Q q 0 0 0 rg BT 513.54 86.80 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.57 86.80 Td (, ) Tj ET Q q 0 0 0 rg BT 537.99 86.80 Td (based ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 73.30 Td (on ) Tj ET Q q 0 0 0 rg BT 86.40 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.31 73.30 Td (criteria ) Tj ET Q q 0 0 0 rg BT 134.70 73.30 Td (established ) Tj ET Q q 0 0 0 rg BT 184.63 73.30 Td (in ) Tj ET Q q 0 0 0 rg BT 196.03 73.30 Td 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0 rg BT 327.26 59.80 Td (that ) Tj ET Q q 0 0 0 rg BT 344.86 59.80 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 390.98 59.80 Td (management, ) Tj ET Q q 0 0 0 rg BT 448.59 59.80 Td (under ) Tj ET Q q 0 0 0 rg BT 474.19 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 489.29 59.80 Td (supervision ) Tj ET Q q 0 0 0 rg BT 537.40 59.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.48 59.80 Td (and ) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (56) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (with ) Tj ET Q q 0 0 0 rg BT 89.78 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 104.07 708.95 Td (participation ) Tj ET Q q 0 0 0 rg BT 154.37 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 163.66 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 177.94 708.95 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.73 708.95 Td (Executive ) Tj ET Q q 0 0 0 rg BT 241.53 708.95 Td (Of) Tj ET Q q 0 0 0 rg BT 250.86 708.95 Td (ficer ) Tj ET Q q 0 0 0 rg BT 269.64 708.95 Td (as ) Tj ET Q q 0 0 0 rg BT 280.92 708.95 Td (well ) Tj ET Q q 0 0 0 rg BT 298.21 708.95 Td (as ) Tj ET Q q 0 0 0 rg BT 309.49 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 323.77 708.95 Td (Chief ) Tj ET Q q 0 0 0 rg BT 346.56 708.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 384.35 708.95 Td (Of) Tj ET Q q 0 0 0 rg BT 393.69 708.95 Td (ficer ) Tj ET Q q 0 0 0 rg BT 412.47 708.95 Td (concluded ) Tj ET Q q 0 0 0 rg BT 455.28 708.95 Td (that ) Tj ET Q q 0 0 0 rg BT 472.07 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 486.36 708.95 Td (Company) Tj ET Q q 0 0 0 rg BT 526.71 708.95 Td (s ) Tj ET Q q 0 0 0 rg BT 532.99 708.95 Td (internal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (control ) Tj ET Q q 0 0 0 rg BT 101.51 695.45 Td (over ) Tj ET Q q 0 0 0 rg BT 121.52 695.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.04 695.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 195.06 695.45 Td (was ) Tj ET Q q 0 0 0 rg BT 213.57 695.45 Td (ef) Tj ET Q q 0 0 0 rg BT 220.91 695.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 249.42 695.45 Td (as ) Tj ET Q q 0 0 0 rg BT 261.43 695.45 Td (at ) Tj ET Q q 0 0 0 rg BT 271.44 695.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 332.97 695.45 Td (2020.) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (57) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.80 Td (10. ) Tj ET Q q 0 0 0 rg BT 72.00 706.80 Td (Risk Environment) Tj ET Q 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 696.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 692.3 m 57.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 142.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 692.3 m 228.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 692.3 m 337.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 692.3 m 475.5 692.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 692.3 m 561.5 692.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 57.5 692.3 m 57.5 688.3 l s BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 657.30 Td (10.1. ) Tj ET Q q 0 0 0 rg BT 96.02 657.30 Td (RISKS ) Tj ET Q q 0 0 0 rg BT 125.69 657.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 147.69 657.30 Td (UNCERT) Tj ET Q q 0 0 0 rg BT 184.52 657.30 Td (AINTIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 637.80 Td (While ) Tj ET Q q 0 0 0 rg BT 96.95 637.80 Td (we ) Tj ET Q q 0 0 0 rg BT 110.90 637.80 Td (are ) Tj ET Q q 0 0 0 rg BT 126.35 637.80 Td (confident ) Tj ET Q q 0 0 0 rg BT 165.32 637.80 Td (about ) Tj ET Q q 0 0 0 rg BT 190.28 637.80 Td (our ) Tj ET Q q 0 0 0 rg BT 205.73 637.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 246.19 637.80 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 290.15 637.80 Td (a ) Tj ET Q q 0 0 0 rg BT 297.60 637.80 Td (number ) Tj ET Q q 0 0 0 rg BT 330.56 637.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.50 637.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 361.44 637.80 Td (and ) Tj ET Q q 0 0 0 rg BT 378.90 637.80 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 432.38 637.80 Td (could ) Tj ET Q q 0 0 0 rg BT 456.33 637.80 Td (af) Tj ET Q q 0 0 0 rg BT 463.68 637.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.63 637.80 Td (our ) Tj ET Q q 0 0 0 rg BT 496.08 637.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 521.53 637.80 Td (to ) Tj ET Q q 0 0 0 rg BT 531.48 637.80 Td (achieve ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 624.30 Td (our ) Tj ET Q q 0 0 0 rg BT 87.97 624.30 Td (strategic ) Tj ET Q q 0 0 0 rg BT 124.95 624.30 Td (vision ) Tj ET Q q 0 0 0 rg BT 150.92 624.30 Td (and ) Tj ET Q q 0 0 0 rg BT 168.90 624.30 Td (objectives ) Tj ET Q q 0 0 0 rg BT 211.89 624.30 Td (for ) Tj ET Q q 0 0 0 rg BT 225.36 624.30 Td (growth. ) Tj ET Q q 0 0 0 rg BT 257.64 624.30 Td (The ) Tj ET Q q 0 0 0 rg BT 276.12 624.30 Td (following ) Tj ET Q q 0 0 0 rg BT 314.10 624.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 335.56 624.30 Td (and ) Tj ET Q q 0 0 0 rg BT 353.54 624.30 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 407.53 624.30 Td (should ) Tj ET Q q 0 0 0 rg BT 437.02 624.30 Td (be ) Tj ET Q q 0 0 0 rg BT 450.00 624.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 496.99 624.30 Td (when ) Tj ET Q q 0 0 0 rg BT 521.47 624.30 Td (evaluating ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 610.80 Td (our ) Tj ET Q q 0 0 0 rg BT 87.51 610.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 124.04 610.80 Td (as ) Tj ET Q q 0 0 0 rg BT 136.04 610.80 Td (an ) Tj ET Q q 0 0 0 rg BT 148.55 610.80 Td (investment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 582.30 Td (10.1.1. ) Tj ET Q q 0 0 0 rg BT 103.52 582.30 Td (External ) Tj ET Q q 0 0 0 rg BT 141.54 582.30 Td (Risks ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 558.516796875 m 178.04443359375 558.516796875 l s q 0 0 0 rg BT 72.00 559.80 Td (Economic ) Tj ET Q q 0 0 0 rg BT 114.02 559.80 Td (and ) Tj ET Q q 0 0 0 rg BT 131.53 559.80 Td (political ) Tj ET Q q 0 0 0 rg BT 164.05 559.80 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 540.30 Td (Economic ) Tj ET Q q 0 0 0 rg BT 113.25 540.30 Td (and ) Tj ET Q q 0 0 0 rg BT 130.00 540.30 Td (political ) Tj ET Q q 0 0 0 rg BT 161.76 540.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 204.02 540.30 Td (in ) Tj ET Q q 0 0 0 rg BT 212.76 540.30 Td (the ) Tj ET Q q 0 0 0 rg BT 227.01 540.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 260.75 540.30 Td (in ) Tj ET Q q 0 0 0 rg BT 269.49 540.30 Td (which ) Tj ET Q q 0 0 0 rg BT 294.24 540.30 Td (we ) Tj ET Q q 0 0 0 rg BT 307.48 540.30 Td (operate ) Tj ET Q q 0 0 0 rg BT 339.74 540.30 Td (have ) Tj ET Q q 0 0 0 rg BT 360.99 540.30 Td (a ) Tj ET Q q 0 0 0 rg BT 367.73 540.30 Td (bearing ) Tj ET Q q 0 0 0 rg BT 399.49 540.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 421.25 540.30 Td (the ) Tj ET Q q 0 0 0 rg BT 435.50 540.30 Td (results ) Tj ET Q q 0 0 0 rg BT 463.74 540.30 Td (of ) Tj ET Q q 0 0 0 rg BT 472.98 540.30 Td (our ) Tj ET Q q 0 0 0 rg BT 487.73 540.30 Td (operations, ) Tj ET Q q 0 0 0 rg BT 533.99 540.30 Td (directly ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 526.80 Td (and ) Tj ET Q q 0 0 0 rg BT 89.04 526.80 Td (through ) Tj ET Q q 0 0 0 rg BT 121.60 526.80 Td (their ) Tj ET Q q 0 0 0 rg BT 141.13 526.80 Td (ef) Tj ET Q q 0 0 0 rg BT 148.48 526.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 165.01 526.80 Td (on ) Tj ET Q q 0 0 0 rg BT 177.05 526.80 Td (the ) Tj ET Q q 0 0 0 rg BT 191.59 526.80 Td (level ) Tj ET Q q 0 0 0 rg BT 212.12 526.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.66 526.80 Td (business ) Tj ET Q q 0 0 0 rg BT 259.21 526.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 288.74 526.80 Td (of ) Tj ET Q q 0 0 0 rg BT 298.27 526.80 Td (our ) Tj ET Q q 0 0 0 rg BT 313.31 526.80 Td (clients. ) Tj ET Q q 0 0 0 rg BT 343.35 526.80 Td (W) Tj ET Q q 0 0 0 rg BT 351.68 526.80 Td (e ) Tj ET Q q 0 0 0 rg BT 358.71 526.80 Td (can ) Tj ET Q q 0 0 0 rg BT 375.25 526.80 Td (neither ) Tj ET Q q 0 0 0 rg BT 404.80 526.80 Td (predict ) Tj ET Q q 0 0 0 rg BT 433.84 526.80 Td (the ) Tj ET Q q 0 0 0 rg BT 448.38 526.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 476.91 526.80 Td (that ) Tj ET Q q 0 0 0 rg BT 493.95 526.80 Td (current ) Tj ET Q q 0 0 0 rg BT 523.99 526.80 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 513.30 Td (and ) Tj ET Q q 0 0 0 rg BT 88.40 513.30 Td (political ) Tj ET Q q 0 0 0 rg BT 119.80 513.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 161.71 513.30 Td (will ) Tj ET Q q 0 0 0 rg BT 175.59 513.30 Td (have ) Tj ET Q q 0 0 0 rg BT 196.49 513.30 Td (on ) Tj ET Q q 0 0 0 rg BT 207.88 513.30 Td (our ) Tj ET Q q 0 0 0 rg BT 222.27 513.30 Td (future ) Tj ET Q q 0 0 0 rg BT 246.67 513.30 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 283.08 513.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 297.47 513.30 Td (predict ) Tj ET Q q 0 0 0 rg BT 325.87 513.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 361.28 513.30 Td (in ) Tj ET Q q 0 0 0 rg BT 369.66 513.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 409.57 513.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 451.48 513.30 Td (or ) Tj ET Q q 0 0 0 rg BT 460.86 513.30 Td (future ) Tj ET Q q 0 0 0 rg BT 485.26 513.30 Td (political ) Tj ET Q q 0 0 0 rg BT 516.66 513.30 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 560.01 513.30 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 499.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.29 499.80 Td (level ) Tj ET Q q 0 0 0 rg BT 109.58 499.80 Td (of ) Tj ET Q q 0 0 0 rg BT 118.86 499.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 148.14 499.80 Td (of ) Tj ET Q q 0 0 0 rg BT 157.43 499.80 Td (our ) Tj ET Q q 0 0 0 rg BT 172.22 499.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 199.50 499.80 Td (and ) Tj ET Q q 0 0 0 rg BT 216.30 499.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 252.11 499.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 279.39 499.80 Td (may ) Tj ET Q q 0 0 0 rg BT 298.18 499.80 Td (be ) Tj ET Q q 0 0 0 rg BT 309.97 499.80 Td (af) Tj ET Q q 0 0 0 rg BT 317.31 499.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 343.60 499.80 Td (by ) Tj ET Q q 0 0 0 rg BT 354.89 499.80 Td (an ) Tj ET Q q 0 0 0 rg BT 366.68 499.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 406.98 499.80 Td (downturn ) Tj ET Q q 0 0 0 rg BT 445.78 499.80 Td (or ) Tj ET Q q 0 0 0 rg BT 455.56 499.80 Td (political ) Tj ET Q q 0 0 0 rg BT 487.35 499.80 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 530.71 499.80 Td (. ) Tj ET Q q 0 0 0 rg BT 534.99 499.80 Td (Clients ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 486.30 Td (may ) Tj ET Q q 0 0 0 rg BT 91.18 486.30 Td (cancel, ) Tj ET Q q 0 0 0 rg BT 121.88 486.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 151.57 486.30 Td (or ) Tj ET Q q 0 0 0 rg BT 161.76 486.30 Td (defer ) Tj ET Q q 0 0 0 rg BT 184.45 486.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 217.14 486.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 255.84 486.30 Td (and ) Tj ET Q q 0 0 0 rg BT 273.03 486.30 Td (delay ) Tj ET Q q 0 0 0 rg BT 296.73 486.30 Td (entering ) Tj ET Q q 0 0 0 rg BT 331.43 486.30 Td (into ) Tj ET Q q 0 0 0 rg BT 348.12 486.30 Td (new ) Tj ET Q q 0 0 0 rg BT 366.81 486.30 Td (engagements ) Tj ET Q q 0 0 0 rg BT 423.53 486.30 Td (and ) Tj ET Q q 0 0 0 rg BT 440.73 486.30 Td (may ) Tj ET Q q 0 0 0 rg BT 459.91 486.30 Td (decide ) Tj ET Q q 0 0 0 rg BT 488.61 486.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.29 486.30 Td (undertake ) Tj ET Q q 0 0 0 rg BT 540.50 486.30 Td (fewer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 472.80 Td (IT) Tj ET Q q 0 0 0 rg BT 79.84 472.80 Td ( ) Tj ET Q q 0 0 0 rg BT 83.05 472.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 119.27 472.80 Td (projects ) Tj ET Q q 0 0 0 rg BT 154.00 472.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 191.23 472.80 Td (in ) Tj ET Q q 0 0 0 rg BT 201.45 472.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 230.67 472.80 Td (implementation ) Tj ET Q q 0 0 0 rg BT 294.92 472.80 Td (of ) Tj ET Q q 0 0 0 rg BT 305.64 472.80 Td (new ) Tj ET Q q 0 0 0 rg BT 325.36 472.80 Td (technology ) Tj ET Q q 0 0 0 rg BT 372.11 472.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.34 472.80 Td (smaller ) Tj ET Q q 0 0 0 rg BT 422.56 472.80 Td (engagements. ) Tj ET Q q 0 0 0 rg BT 482.81 472.80 Td (Since ) Tj ET Q q 0 0 0 rg BT 508.54 472.80 Td (there ) Tj ET Q q 0 0 0 rg BT 532.27 472.80 Td (may ) Tj ET Q q 0 0 0 rg BT 552.49 472.80 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 459.30 Td (fewer ) Tj ET Q q 0 0 0 rg BT 96.90 459.30 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 156.83 459.30 Td (competition ) Tj ET Q q 0 0 0 rg BT 205.75 459.30 Td (may ) Tj ET Q q 0 0 0 rg BT 225.65 459.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 262.56 459.30 Td (and ) Tj ET Q q 0 0 0 rg BT 280.46 459.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 309.87 459.30 Td (for ) Tj ET Q q 0 0 0 rg BT 323.27 459.30 Td (services ) Tj ET Q q 0 0 0 rg BT 359.17 459.30 Td (may ) Tj ET Q q 0 0 0 rg BT 379.06 459.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 410.47 459.30 Td (as ) Tj ET Q q 0 0 0 rg BT 422.87 459.30 Td (competitors ) Tj ET Q q 0 0 0 rg BT 472.28 459.30 Td (may ) Tj ET Q q 0 0 0 rg BT 492.17 459.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 532.09 459.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 554.99 459.30 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 445.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 108.50 445.80 Td (or ) Tj ET Q q 0 0 0 rg BT 118.99 445.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 155.50 445.80 Td (their ) Tj ET Q q 0 0 0 rg BT 175.49 445.80 Td (market ) Tj ET Q q 0 0 0 rg BT 205.49 445.80 Td (share ) Tj ET Q q 0 0 0 rg BT 230.49 445.80 Td (in ) Tj ET Q q 0 0 0 rg BT 239.98 445.80 Td (our ) Tj ET Q q 0 0 0 rg BT 255.47 445.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 289.47 445.80 Td (and ) Tj ET Q q 0 0 0 rg BT 306.98 445.80 Td (this ) Tj ET Q q 0 0 0 rg BT 323.47 445.80 Td (may ) Tj ET Q q 0 0 0 rg BT 342.96 445.80 Td (trigger ) Tj ET Q q 0 0 0 rg BT 370.95 445.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 399.95 445.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 450.96 445.80 Td (related ) Tj ET Q q 0 0 0 rg BT 480.97 445.80 Td (to ) Tj ET Q q 0 0 0 rg BT 490.96 445.80 Td (the ) Tj ET Q q 0 0 0 rg BT 505.96 445.80 Td (benchmarking ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 432.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 119.03 432.30 Td (within ) Tj ET Q q 0 0 0 rg BT 146.03 432.30 Td (our ) Tj ET Q q 0 0 0 rg BT 163.04 432.30 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 206.05 432.30 Td (Economic ) Tj ET Q q 0 0 0 rg BT 249.56 432.30 Td (downturns ) Tj ET Q q 0 0 0 rg BT 295.08 432.30 Td (and ) Tj ET Q q 0 0 0 rg BT 314.10 432.30 Td (political ) Tj ET Q q 0 0 0 rg BT 348.11 432.30 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 396.13 432.30 Td (makes ) Tj ET Q q 0 0 0 rg BT 426.63 432.30 Td (it ) Tj ET Q q 0 0 0 rg BT 435.13 432.30 Td (more ) Tj ET Q q 0 0 0 rg BT 459.63 432.30 Td (dif) Tj ET Q q 0 0 0 rg BT 468.97 432.30 Td (ficult ) Tj ET Q q 0 0 0 rg BT 491.47 432.30 Td (to ) Tj ET Q q 0 0 0 rg BT 502.98 432.30 Td (meet ) Tj ET Q q 0 0 0 rg BT 526.98 432.30 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 418.80 Td (objectives ) Tj ET Q q 0 0 0 rg BT 114.42 418.80 Td (and ) Tj ET Q q 0 0 0 rg BT 131.84 418.80 Td (may ) Tj ET Q q 0 0 0 rg BT 151.24 418.80 Td (divert ) Tj ET Q q 0 0 0 rg BT 175.65 418.80 Td (management) Tj ET Q q 0 0 0 rg BT 230.02 418.80 Td (s ) Tj ET Q q 0 0 0 rg BT 236.92 418.80 Td (attention ) Tj ET Q q 0 0 0 rg BT 273.85 418.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.27 418.80 Td (time ) Tj ET Q q 0 0 0 rg BT 310.67 418.80 Td (from ) Tj ET Q q 0 0 0 rg BT 331.08 418.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 371.01 418.80 Td (and ) Tj ET Q q 0 0 0 rg BT 388.42 418.80 Td (growing ) Tj ET Q q 0 0 0 rg BT 422.34 418.80 Td (our ) Tj ET Q q 0 0 0 rg BT 437.75 418.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 478.17 418.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 495.58 418.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 536.00 418.80 Td (results ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 405.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.01 405.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 126.54 405.30 Td (and ) Tj ET Q q 0 0 0 rg BT 144.05 405.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.57 405.30 Td (condition) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.60 405.30 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.10 405.30 Td (could ) Tj ET Q q 0 0 0 rg BT 242.12 405.30 Td (be ) Tj ET Q q 0 0 0 rg BT 254.63 405.30 Td (negatively ) Tj ET Q q 0 0 0 rg BT 297.65 405.30 Td (af) Tj ET Q q 0 0 0 rg BT 305.00 405.30 Td (fected ) Tj ET Q q 0 0 0 rg BT 332.02 405.30 Td (as ) Tj ET Q q 0 0 0 rg BT 344.02 405.30 Td (a ) Tj ET Q q 0 0 0 rg BT 351.53 405.30 Td (result ) Tj ET Q q 0 0 0 rg BT 376.04 405.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.04 405.30 Td (these ) Tj ET Q q 0 0 0 rg BT 410.56 405.30 Td (factors.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 384.516796875 m 150.02490234375 384.516796875 l s q 0 0 0 rg BT 72.00 385.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.01 385.80 Td (external ) Tj ET Q q 0 0 0 rg BT 131.53 385.80 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 366.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 113.93 366.30 Td (external ) Tj ET Q q 0 0 0 rg BT 148.35 366.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 169.25 366.30 Td (that ) Tj ET Q q 0 0 0 rg BT 186.67 366.30 Td (could ) Tj ET Q q 0 0 0 rg BT 210.59 366.30 Td (adversely ) Tj ET Q q 0 0 0 rg BT 251.51 366.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 280.42 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 295.33 366.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 329.74 366.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.15 366.30 Td (which ) Tj ET Q q 0 0 0 rg BT 364.56 366.30 Td (we ) Tj ET Q q 0 0 0 rg BT 378.47 366.30 Td (operate, ) Tj ET Q q 0 0 0 rg BT 413.90 366.30 Td (our ) Tj ET Q q 0 0 0 rg BT 429.31 366.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 463.22 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 480.64 366.30 Td (our ) Tj ET Q q 0 0 0 rg BT 496.05 366.30 Td (business ) Tj ET Q q 0 0 0 rg BT 533.98 366.30 Td (include ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 352.80 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 113.96 352.80 Td (armed ) Tj ET Q q 0 0 0 rg BT 143.43 352.80 Td (conflict, ) Tj ET Q q 0 0 0 rg BT 177.90 352.80 Td (labour ) Tj ET Q q 0 0 0 rg BT 206.88 352.80 Td (or ) Tj ET Q q 0 0 0 rg BT 218.85 352.80 Td (social ) Tj ET Q q 0 0 0 rg BT 245.82 352.80 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 277.29 352.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 312.26 352.80 Td (activity) Tj ET Q q 0 0 0 rg BT 339.09 352.80 Td (, ) Tj ET Q q 0 0 0 rg BT 345.56 352.80 Td (regional ) Tj ET Q q 0 0 0 rg BT 381.54 352.80 Td (and ) Tj ET Q q 0 0 0 rg BT 400.52 352.80 Td (international ) Tj ET Q q 0 0 0 rg BT 453.51 352.80 Td (hostilities ) Tj ET Q q 0 0 0 rg BT 494.49 352.80 Td (and ) Tj ET Q q 0 0 0 rg BT 513.46 352.80 Td (international ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 339.30 Td (responses ) Tj ET Q q 0 0 0 rg BT 115.39 339.30 Td (to ) Tj ET Q q 0 0 0 rg BT 124.77 339.30 Td (these ) Tj ET Q q 0 0 0 rg BT 148.65 339.30 Td (hostilities, ) Tj ET Q q 0 0 0 rg BT 190.03 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.92 339.30 Td (disease, ) Tj ET Q q 0 0 0 rg BT 242.31 339.30 Td (illness ) Tj ET Q q 0 0 0 rg BT 269.19 339.30 Td (or ) Tj ET Q q 0 0 0 rg BT 279.06 339.30 Td (health ) Tj ET Q q 0 0 0 rg BT 305.45 339.30 Td (emergencies ) Tj ET Q q 0 0 0 rg BT 358.84 339.30 Td (that ) Tj ET Q q 0 0 0 rg BT 375.72 339.30 Td (af) Tj ET Q q 0 0 0 rg BT 383.06 339.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.44 339.30 Td (local, ) Tj ET Q q 0 0 0 rg BT 422.32 339.30 Td (national ) Tj ET Q q 0 0 0 rg BT 455.71 339.30 Td (or ) Tj ET Q q 0 0 0 rg BT 465.58 339.30 Td (international ) Tj ET Q q 0 0 0 rg BT 516.48 339.30 Td (economies. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 325.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.36 325.80 Td (, ) Tj ET Q q 0 0 0 rg BT 122.32 325.80 Td (the ) Tj ET Q q 0 0 0 rg BT 137.29 325.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 173.78 325.80 Td (impacts ) Tj ET Q q 0 0 0 rg BT 207.25 325.80 Td (of ) Tj ET Q q 0 0 0 rg BT 217.21 325.80 Td (climate ) Tj ET Q q 0 0 0 rg BT 248.18 325.80 Td (change ) Tj ET Q q 0 0 0 rg BT 280.17 325.80 Td (are ) Tj ET Q q 0 0 0 rg BT 295.63 325.80 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 352.13 325.80 Td (and ) Tj ET Q q 0 0 0 rg BT 369.61 325.80 Td (natural ) Tj ET Q q 0 0 0 rg BT 399.59 325.80 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 440.56 325.80 Td (sea-level ) Tj ET Q q 0 0 0 rg BT 479.04 325.80 Td (rise, ) Tj ET Q q 0 0 0 rg BT 498.50 325.80 Td (floods, ) Tj ET Q q 0 0 0 rg BT 527.48 325.80 Td (droughts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.30 Td (or ) Tj ET Q q 0 0 0 rg BT 83.02 312.30 Td (other ) Tj ET Q q 0 0 0 rg BT 106.56 312.30 Td (weather-related ) Tj ET Q q 0 0 0 rg BT 172.11 312.30 Td (events ) Tj ET Q q 0 0 0 rg BT 201.65 312.30 Td (present ) Tj ET Q q 0 0 0 rg BT 234.68 312.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 276.23 312.30 Td (external ) Tj ET Q q 0 0 0 rg BT 311.27 312.30 Td (risks. ) Tj ET Q q 0 0 0 rg BT 335.29 312.30 Td (Climate ) Tj ET Q q 0 0 0 rg BT 368.82 312.30 Td (change ) Tj ET Q q 0 0 0 rg BT 401.36 312.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 422.88 312.30 Td (can ) Tj ET Q q 0 0 0 rg BT 440.41 312.30 Td (arise ) Tj ET Q q 0 0 0 rg BT 462.94 312.30 Td (from ) Tj ET Q q 0 0 0 rg BT 483.95 312.30 Td (physical ) Tj ET Q q 0 0 0 rg BT 519.49 312.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 541.01 312.30 Td (\(risks ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 298.80 Td (related ) Tj ET Q q 0 0 0 rg BT 101.22 298.80 Td (to ) Tj ET Q q 0 0 0 rg BT 110.42 298.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.63 298.80 Td (physical ) Tj ET Q q 0 0 0 rg BT 158.85 298.80 Td (ef) Tj ET Q q 0 0 0 rg BT 166.19 298.80 Td (fects ) Tj ET Q q 0 0 0 rg BT 186.90 298.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.10 298.80 Td (climate ) Tj ET Q q 0 0 0 rg BT 226.31 298.80 Td (change\) ) Tj ET Q q 0 0 0 rg BT 260.54 298.80 Td (and ) Tj ET Q q 0 0 0 rg BT 277.25 298.80 Td (transition ) Tj ET Q q 0 0 0 rg BT 315.47 298.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 335.67 298.80 Td (\(risks ) Tj ET Q q 0 0 0 rg BT 358.86 298.80 Td (related ) Tj ET Q q 0 0 0 rg BT 388.08 298.80 Td (to ) Tj ET Q q 0 0 0 rg BT 397.28 298.80 Td (regulatory) Tj ET Q q 0 0 0 rg BT 436.64 298.80 Td (, ) Tj ET Q q 0 0 0 rg BT 440.84 298.80 Td (legal, ) Tj ET Q q 0 0 0 rg BT 464.05 298.80 Td (technological ) Tj ET Q q 0 0 0 rg BT 518.29 298.80 Td (and ) Tj ET Q q 0 0 0 rg BT 535.00 298.80 Td (market ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 108.51 285.30 Td (from ) Tj ET Q q 0 0 0 rg BT 128.99 285.30 Td (a ) Tj ET Q q 0 0 0 rg BT 136.47 285.30 Td (transition ) Tj ET Q q 0 0 0 rg BT 175.47 285.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.45 285.30 Td (a ) Tj ET Q q 0 0 0 rg BT 192.94 285.30 Td (low-carbon ) Tj ET Q q 0 0 0 rg BT 239.44 285.30 Td (economy\) ) Tj ET Q q 0 0 0 rg BT 281.43 285.30 Td (which ) Tj ET Q q 0 0 0 rg BT 306.92 285.30 Td (may ) Tj ET Q q 0 0 0 rg BT 326.40 285.30 Td (af) Tj ET Q q 0 0 0 rg BT 333.75 285.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 350.73 285.30 Td (us ) Tj ET Q q 0 0 0 rg BT 362.72 285.30 Td (or ) Tj ET Q q 0 0 0 rg BT 373.20 285.30 Td (af) Tj ET Q q 0 0 0 rg BT 380.54 285.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 397.53 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 412.52 285.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.02 285.30 Td (viability ) Tj ET Q q 0 0 0 rg BT 480.01 285.30 Td (of ) Tj ET Q q 0 0 0 rg BT 489.99 285.30 Td (our ) Tj ET Q q 0 0 0 rg BT 505.48 285.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 533.47 285.30 Td (leading ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 271.80 Td (to ) Tj ET Q q 0 0 0 rg BT 82.19 271.80 Td (a ) Tj ET Q q 0 0 0 rg BT 89.89 271.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 129.60 271.80 Td (of ) Tj ET Q q 0 0 0 rg BT 139.79 271.80 Td (demand ) Tj ET Q q 0 0 0 rg BT 175.01 271.80 Td (and ) Tj ET Q q 0 0 0 rg BT 192.71 271.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 211.41 271.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.60 271.80 Td (business ) Tj ET Q q 0 0 0 rg BT 259.81 271.80 Td (from ) Tj ET Q q 0 0 0 rg BT 280.50 271.80 Td (such ) Tj ET Q q 0 0 0 rg BT 302.20 271.80 Td (clients. ) Tj ET Q q 0 0 0 rg BT 332.90 271.80 Td (Each ) Tj ET Q q 0 0 0 rg BT 356.10 271.80 Td (of ) Tj ET Q q 0 0 0 rg BT 366.29 271.80 Td (these ) Tj ET Q q 0 0 0 rg BT 391.00 271.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 412.18 271.80 Td (could ) Tj ET Q q 0 0 0 rg BT 436.39 271.80 Td (negatively ) Tj ET Q q 0 0 0 rg BT 479.60 271.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 508.80 271.80 Td (our ) Tj ET Q q 0 0 0 rg BT 524.49 271.80 Td (business, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 258.30 Td (results ) Tj ET Q q 0 0 0 rg BT 101.01 258.30 Td (of ) Tj ET Q q 0 0 0 rg BT 111.01 258.30 Td (operation ) Tj ET Q q 0 0 0 rg BT 151.04 258.30 Td (and ) Tj ET Q q 0 0 0 rg BT 168.56 258.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.08 258.30 Td (condition.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 237.51679687499995 m 133.01806640625 237.51679687499995 l s q 0 0 0 rg BT 72.00 238.80 Td (Pandemic ) Tj ET Q q 0 0 0 rg BT 114.52 238.80 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 219.30 Td (A) Tj ET Q q 0 0 0 rg BT 77.51 219.30 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 219.30 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 124.60 219.30 Td (including ) Tj ET Q q 0 0 0 rg BT 162.91 219.30 Td (the ) Tj ET Q q 0 0 0 rg BT 178.21 219.30 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 222.51 219.30 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 266.82 219.30 Td (can ) Tj ET Q q 0 0 0 rg BT 284.12 219.30 Td (create ) Tj ET Q q 0 0 0 rg BT 311.92 219.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.72 219.30 Td (volatility ) Tj ET Q q 0 0 0 rg BT 389.52 219.30 Td (and ) Tj ET Q q 0 0 0 rg BT 407.32 219.30 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 454.13 219.30 Td (and ) Tj ET Q q 0 0 0 rg BT 471.93 219.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 513.24 219.30 Td (disruption. ) Tj ET Q q 0 0 0 rg BT 556.99 219.30 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 219.30 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 205.80 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 114.04 205.80 Td (poses ) Tj ET Q q 0 0 0 rg BT 141.07 205.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.60 205.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 173.62 205.80 Td (that ) Tj ET Q q 0 0 0 rg BT 191.64 205.80 Td (our ) Tj ET Q q 0 0 0 rg BT 207.67 205.80 Td (members, ) Tj ET Q q 0 0 0 rg BT 250.69 205.80 Td (clients, ) Tj ET Q q 0 0 0 rg BT 281.72 205.80 Td (contractors ) Tj ET Q q 0 0 0 rg BT 329.26 205.80 Td (and ) Tj ET Q q 0 0 0 rg BT 347.29 205.80 Td (business ) Tj ET Q q 0 0 0 rg BT 385.83 205.80 Td (partners ) Tj ET Q q 0 0 0 rg BT 421.86 205.80 Td (may ) Tj ET Q q 0 0 0 rg BT 441.88 205.80 Td (be ) Tj ET Q q 0 0 0 rg BT 454.91 205.80 Td (prevented ) Tj ET Q q 0 0 0 rg BT 497.95 205.80 Td (from ) Tj ET Q q 0 0 0 rg BT 518.97 205.80 Td (conducting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 192.30 Td (business ) Tj ET Q q 0 0 0 rg BT 111.30 192.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 149.59 192.30 Td (for ) Tj ET Q q 0 0 0 rg BT 163.87 192.30 Td (an ) Tj ET Q q 0 0 0 rg BT 177.66 192.30 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 217.47 192.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 248.77 192.30 Td (including ) Tj ET Q q 0 0 0 rg BT 288.07 192.30 Td (the ) Tj ET Q q 0 0 0 rg BT 304.36 192.30 Td (transmission ) Tj ET Q q 0 0 0 rg BT 358.66 192.30 Td (of ) Tj ET Q q 0 0 0 rg BT 369.95 192.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.24 192.30 Td (disease ) Tj ET Q q 0 0 0 rg BT 421.04 192.30 Td (or ) Tj ET Q q 0 0 0 rg BT 432.82 192.30 Td (due ) Tj ET Q q 0 0 0 rg BT 451.62 192.30 Td (to ) Tj ET Q q 0 0 0 rg BT 462.90 192.30 Td (emergency ) Tj ET Q q 0 0 0 rg BT 511.20 192.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 554.50 192.30 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 178.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 119.48 178.80 Td (that ) Tj ET Q q 0 0 0 rg BT 138.46 178.80 Td (may ) Tj ET Q q 0 0 0 rg BT 159.43 178.80 Td (be ) Tj ET Q q 0 0 0 rg BT 173.41 178.80 Td (requested ) Tj ET Q q 0 0 0 rg BT 217.41 178.80 Td (or ) Tj ET Q q 0 0 0 rg BT 229.38 178.80 Td (mandated ) Tj ET Q q 0 0 0 rg BT 273.38 178.80 Td (by ) Tj ET Q q 0 0 0 rg BT 286.85 178.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 345.35 178.80 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 393.08 178.80 Td (The ) Tj ET Q q 0 0 0 rg BT 412.56 178.80 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 458.04 178.80 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 501.03 178.80 Td (has ) Tj ET Q q 0 0 0 rg BT 519.51 178.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 555.50 178.80 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 165.30 Td (governments ) Tj ET Q q 0 0 0 rg BT 127.04 165.30 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 170.08 165.30 Td (enacting ) Tj ET Q q 0 0 0 rg BT 207.12 165.30 Td (emergency ) Tj ET Q q 0 0 0 rg BT 254.66 165.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 297.19 165.30 Td (to ) Tj ET Q q 0 0 0 rg BT 307.72 165.30 Td (combat ) Tj ET Q q 0 0 0 rg BT 340.25 165.30 Td (the ) Tj ET Q q 0 0 0 rg BT 355.77 165.30 Td (spread ) Tj ET Q q 0 0 0 rg BT 386.31 165.30 Td (of ) Tj ET Q q 0 0 0 rg BT 396.83 165.30 Td (the ) Tj ET Q q 0 0 0 rg BT 412.36 165.30 Td (virus, ) Tj ET Q q 0 0 0 rg BT 436.88 165.30 Td (including ) Tj ET Q q 0 0 0 rg BT 475.42 165.30 Td (the ) Tj ET Q q 0 0 0 rg BT 490.95 165.30 Td (implementation ) Tj ET Q q 0 0 0 rg BT 555.00 165.30 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 151.80 Td (travel ) Tj ET Q q 0 0 0 rg BT 96.06 151.80 Td (bans, ) Tj ET Q q 0 0 0 rg BT 120.12 151.80 Td (self-imposed ) Tj ET Q q 0 0 0 rg BT 173.19 151.80 Td (quarantine ) Tj ET Q q 0 0 0 rg BT 217.77 151.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 249.34 151.80 Td (and ) Tj ET Q q 0 0 0 rg BT 266.41 151.80 Td (social ) Tj ET Q q 0 0 0 rg BT 291.47 151.80 Td (distancing. ) Tj ET Q q 0 0 0 rg BT 336.54 151.80 Td (Companies ) Tj ET Q q 0 0 0 rg BT 384.11 151.80 Td (are ) Tj ET Q q 0 0 0 rg BT 399.17 151.80 Td (also ) Tj ET Q q 0 0 0 rg BT 417.73 151.80 Td (taking ) Tj ET Q q 0 0 0 rg BT 443.79 151.80 Td (precautions, ) Tj ET Q q 0 0 0 rg BT 494.87 151.80 Td (such ) Tj ET Q q 0 0 0 rg BT 515.93 151.80 Td (as ) Tj ET Q q 0 0 0 rg BT 527.49 151.80 Td (requiring ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 138.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 118.50 138.30 Td (to ) Tj ET Q q 0 0 0 rg BT 128.98 138.30 Td (work ) Tj ET Q q 0 0 0 rg BT 150.95 138.30 Td (remotely) Tj ET Q q 0 0 0 rg BT 184.80 138.30 Td (, ) Tj ET Q q 0 0 0 rg BT 190.27 138.30 Td (imposing ) Tj ET Q q 0 0 0 rg BT 229.26 138.30 Td (travel ) Tj ET Q q 0 0 0 rg BT 254.24 138.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 300.73 138.30 Td (and ) Tj ET Q q 0 0 0 rg BT 318.72 138.30 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 366.21 138.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 397.19 138.30 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 447.50 138.30 Td (These ) Tj ET Q q 0 0 0 rg BT 475.49 138.30 Td (emergency ) Tj ET Q q 0 0 0 rg BT 522.98 138.30 Td (measures ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 124.80 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 136.88 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 153.82 124.80 Td (future ) Tj ET Q q 0 0 0 rg BT 178.76 124.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 220.21 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 237.15 124.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 282.59 124.80 Td (taken ) Tj ET Q q 0 0 0 rg BT 306.53 124.80 Td (in ) Tj ET Q q 0 0 0 rg BT 315.46 124.80 Td (response ) Tj ET Q q 0 0 0 rg BT 354.41 124.80 Td (to ) Tj ET Q q 0 0 0 rg BT 363.84 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 378.28 124.80 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 421.72 124.80 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 462.67 124.80 Td (or ) Tj ET Q q 0 0 0 rg BT 472.60 124.80 Td (other ) Tj ET Q q 0 0 0 rg BT 495.04 124.80 Td (pandemics, ) Tj ET Q q 0 0 0 rg BT 542.99 124.80 Td (have ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 90.20 111.30 Td (may ) Tj ET Q q 0 0 0 rg BT 110.38 111.30 Td (cause, ) Tj ET Q q 0 0 0 rg BT 140.08 111.30 Td (material ) Tj ET Q q 0 0 0 rg BT 175.27 111.30 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 221.97 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 232.66 111.30 Td (businesses ) Tj ET Q q 0 0 0 rg BT 280.87 111.30 Td (globally ) Tj ET Q q 0 0 0 rg BT 314.57 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 332.76 111.30 Td (are ) Tj ET Q q 0 0 0 rg BT 348.95 111.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 372.14 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 382.82 111.30 Td (have ) Tj ET Q q 0 0 0 rg BT 405.52 111.30 Td (an ) Tj ET Q q 0 0 0 rg BT 418.71 111.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 453.91 111.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 483.60 111.30 Td (on ) Tj ET Q q 0 0 0 rg BT 496.79 111.30 Td (global ) Tj ET Q q 0 0 0 rg BT 523.99 111.30 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 97.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 113.94 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 130.36 97.80 Td (consumer ) Tj ET Q q 0 0 0 rg BT 171.29 97.80 Td (confidence ) Tj ET Q q 0 0 0 rg BT 216.23 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 232.66 97.80 Td (spending, ) Tj ET Q q 0 0 0 rg BT 273.10 97.80 Td (which ) Tj ET Q q 0 0 0 rg BT 297.52 97.80 Td (could ) Tj ET Q q 0 0 0 rg BT 320.45 97.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 360.36 97.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 400.29 97.80 Td (af) Tj ET Q q 0 0 0 rg BT 407.64 97.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 423.55 97.80 Td (our ) Tj ET Q q 0 0 0 rg BT 437.97 97.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 477.12 97.80 Td (A) Tj ET Q q 0 0 0 rg BT 482.63 97.80 Td ( ) Tj ET Q q 0 0 0 rg BT 484.04 97.80 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 526.97 97.80 Td (including ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 84.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.98 84.30 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 130.96 84.30 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 174.96 84.30 Td (may ) Tj ET Q q 0 0 0 rg BT 194.43 84.30 Td (af) Tj ET Q q 0 0 0 rg BT 201.77 84.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 218.75 84.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.73 84.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.22 84.30 Td (viability ) Tj ET Q q 0 0 0 rg BT 301.20 84.30 Td (of ) Tj ET Q q 0 0 0 rg BT 311.17 84.30 Td (our ) Tj ET Q q 0 0 0 rg BT 326.65 84.30 Td (clients, ) Tj ET Q q 0 0 0 rg BT 357.13 84.30 Td (and ) Tj ET Q q 0 0 0 rg BT 374.62 84.30 Td (could ) Tj ET Q q 0 0 0 rg BT 398.60 84.30 Td (cause ) Tj ET Q q 0 0 0 rg BT 425.09 84.30 Td (them ) Tj ET Q q 0 0 0 rg BT 447.57 84.30 Td (to ) Tj ET Q q 0 0 0 rg BT 457.54 84.30 Td (exit ) Tj ET Q q 0 0 0 rg BT 474.02 84.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 503.50 84.30 Td (business ) Tj ET Q q 0 0 0 rg BT 541.49 84.30 Td (lines, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 70.80 Td (or ) Tj ET Q q 0 0 0 rg BT 81.68 70.80 Td (change ) Tj ET Q q 0 0 0 rg BT 112.88 70.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.06 70.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 151.23 70.80 Td (on ) Tj ET Q q 0 0 0 rg BT 162.92 70.80 Td (which ) Tj ET Q q 0 0 0 rg BT 187.60 70.80 Td (they ) Tj ET Q q 0 0 0 rg BT 206.28 70.80 Td (are ) Tj ET Q q 0 0 0 rg BT 220.96 70.80 Td (willing ) Tj ET Q q 0 0 0 rg BT 247.14 70.80 Td (to ) Tj ET Q q 0 0 0 rg BT 256.32 70.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 295.02 70.80 Td (services ) Tj ET Q q 0 0 0 rg BT 329.70 70.80 Td (and ) Tj ET Q q 0 0 0 rg BT 346.39 70.80 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 386.08 70.80 Td (Clients ) Tj ET Q q 0 0 0 rg BT 415.27 70.80 Td (may ) Tj ET Q q 0 0 0 rg BT 433.94 70.80 Td (also ) Tj ET Q q 0 0 0 rg BT 452.12 70.80 Td (slow ) Tj ET Q q 0 0 0 rg BT 471.80 70.80 Td (down ) Tj ET Q q 0 0 0 rg BT 494.99 70.80 Td (decision-making, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 57.30 Td (delay ) Tj ET Q q 0 0 0 rg BT 94.87 57.30 Td (planned ) Tj ET Q q 0 0 0 rg BT 128.26 57.30 Td (work, ) Tj ET Q q 0 0 0 rg BT 151.11 57.30 Td (seek ) Tj ET Q q 0 0 0 rg BT 171.48 57.30 Td (to ) Tj ET Q q 0 0 0 rg BT 180.34 57.30 Td (terminate ) Tj ET Q q 0 0 0 rg BT 219.21 57.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 251.08 57.30 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 302.46 57.30 Td (not ) Tj ET Q q 0 0 0 rg BT 316.32 57.30 Td (renew ) Tj ET Q q 0 0 0 rg BT 342.19 57.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 374.06 57.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 422.94 57.30 Td (or ) Tj ET Q q 0 0 0 rg BT 432.30 57.30 Td (be ) Tj ET Q q 0 0 0 rg BT 443.66 57.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 472.04 57.30 Td (to ) Tj ET Q q 0 0 0 rg BT 480.90 57.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 496.77 57.30 Td (us ) Tj ET Q q 0 0 0 rg BT 507.63 57.30 Td (in ) Tj ET Q q 0 0 0 rg BT 515.98 57.30 Td (accordance ) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (58) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (with ) Tj ET Q q 0 0 0 rg BT 89.83 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 708.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 128.48 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 708.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 170.15 708.95 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 221.63 708.95 Td (As ) Tj ET Q q 0 0 0 rg BT 233.96 708.95 Td (a ) Tj ET Q q 0 0 0 rg BT 240.79 708.95 Td (result ) Tj ET Q q 0 0 0 rg BT 264.62 708.95 Td (of ) Tj ET Q q 0 0 0 rg BT 273.94 708.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 314.79 708.95 Td (remote ) Tj ET Q q 0 0 0 rg BT 344.62 708.95 Td (working ) Tj ET Q q 0 0 0 rg BT 377.45 708.95 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 434.81 708.95 Td (due ) Tj ET Q q 0 0 0 rg BT 451.64 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 460.97 708.95 Td (a ) Tj ET Q q 0 0 0 rg BT 467.80 708.95 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 511.14 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 525.48 708.95 Td (exposure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (to, ) Tj ET Q q 0 0 0 rg BT 85.56 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 104.13 695.45 Td (reliance ) Tj ET Q q 0 0 0 rg BT 139.20 695.45 Td (on, ) Tj ET Q q 0 0 0 rg BT 155.26 695.45 Td (networked ) Tj ET Q q 0 0 0 rg BT 200.33 695.45 Td (systems ) Tj ET Q q 0 0 0 rg BT 236.89 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 255.46 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.52 695.45 Td (internet ) Tj ET Q q 0 0 0 rg BT 305.09 695.45 Td (can ) Tj ET Q q 0 0 0 rg BT 323.15 695.45 Td (increase. ) Tj ET Q q 0 0 0 rg BT 362.99 695.45 Td (This ) Tj ET Q q 0 0 0 rg BT 383.55 695.45 Td (can ) Tj ET Q q 0 0 0 rg BT 401.61 695.45 Td (lead ) Tj ET Q q 0 0 0 rg BT 422.18 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 433.23 695.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 475.81 695.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 493.36 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 511.93 695.45 Td (frequency ) Tj ET Q q 0 0 0 rg BT 555.00 695.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 681.95 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 127.33 681.95 Td (incidents. ) Tj ET Q q 0 0 0 rg BT 167.67 681.95 Td (Cybersecurity ) Tj ET Q q 0 0 0 rg BT 225.01 681.95 Td (incidents ) Tj ET Q q 0 0 0 rg BT 262.85 681.95 Td (can ) Tj ET Q q 0 0 0 rg BT 279.68 681.95 Td (result ) Tj ET Q q 0 0 0 rg BT 304.00 681.95 Td (from ) Tj ET Q q 0 0 0 rg BT 324.32 681.95 Td (unintentional ) Tj ET Q q 0 0 0 rg BT 377.68 681.95 Td (events ) Tj ET Q q 0 0 0 rg BT 406.52 681.95 Td (or ) Tj ET Q q 0 0 0 rg BT 416.84 681.95 Td (deliberate ) Tj ET Q q 0 0 0 rg BT 458.68 681.95 Td (attacks ) Tj ET Q q 0 0 0 rg BT 489.51 681.95 Td (by ) Tj ET Q q 0 0 0 rg BT 501.34 681.95 Td (insiders ) Tj ET Q q 0 0 0 rg BT 534.67 681.95 Td (or ) Tj ET Q q 0 0 0 rg BT 544.99 681.95 Td (third ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 668.45 Td (parties, ) Tj ET Q q 0 0 0 rg BT 104.32 668.45 Td (including ) Tj ET Q q 0 0 0 rg BT 142.66 668.45 Td (cybercriminals, ) Tj ET Q q 0 0 0 rg BT 205.48 668.45 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 257.31 668.45 Td (nation-states, ) Tj ET Q q 0 0 0 rg BT 314.15 668.45 Td (and ) Tj ET Q q 0 0 0 rg BT 331.97 668.45 Td (hacktivists. ) Tj ET Q q 0 0 0 rg BT 378.23 668.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 396.55 668.45 Td (of ) Tj ET Q q 0 0 0 rg BT 406.87 668.45 Td (these ) Tj ET Q q 0 0 0 rg BT 431.69 668.45 Td (events ) Tj ET Q q 0 0 0 rg BT 461.02 668.45 Td (could ) Tj ET Q q 0 0 0 rg BT 485.35 668.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 512.17 668.45 Td (or ) Tj ET Q q 0 0 0 rg BT 522.98 668.45 Td (contribute ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 654.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 654.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 98.50 654.95 Td (and ) Tj ET Q q 0 0 0 rg BT 116.02 654.95 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 162.54 654.95 Td (and ) Tj ET Q q 0 0 0 rg BT 180.06 654.95 Td (could ) Tj ET Q q 0 0 0 rg BT 204.08 654.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 245.10 654.95 Td (af) Tj ET Q q 0 0 0 rg BT 252.44 654.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 269.45 654.95 Td (our ) Tj ET Q q 0 0 0 rg BT 284.95 654.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 325.48 654.95 Td (results ) Tj ET Q q 0 0 0 rg BT 354.48 654.95 Td (of ) Tj ET Q q 0 0 0 rg BT 364.49 654.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 409.02 654.95 Td (and ) Tj ET Q q 0 0 0 rg BT 426.54 654.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.06 654.95 Td (condition. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 635.45 Td (As ) Tj ET Q q 0 0 0 rg BT 84.31 635.45 Td (a ) Tj ET Q q 0 0 0 rg BT 91.12 635.45 Td (result ) Tj ET Q q 0 0 0 rg BT 114.94 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 124.25 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 138.57 635.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 181.89 635.45 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 225.22 635.45 Td (global ) Tj ET Q q 0 0 0 rg BT 251.05 635.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 276.88 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 293.70 635.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 321.53 635.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 355.34 635.45 Td (have ) Tj ET Q q 0 0 0 rg BT 376.66 635.45 Td (experienced ) Tj ET Q q 0 0 0 rg BT 427.51 635.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 469.33 635.45 Td (volatility ) Tj ET Q q 0 0 0 rg BT 503.15 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 519.98 635.45 Td (weakness. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 621.95 Td (Governments ) Tj ET Q q 0 0 0 rg BT 127.74 621.95 Td (and ) Tj ET Q q 0 0 0 rg BT 144.47 621.95 Td (central ) Tj ET Q q 0 0 0 rg BT 173.20 621.95 Td (banks ) Tj ET Q q 0 0 0 rg BT 198.93 621.95 Td (have ) Tj ET Q q 0 0 0 rg BT 220.17 621.95 Td (reacted ) Tj ET Q q 0 0 0 rg BT 251.90 621.95 Td (with ) Tj ET Q q 0 0 0 rg BT 269.63 621.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 311.36 621.95 Td (monetary ) Tj ET Q q 0 0 0 rg BT 350.60 621.95 Td (and ) Tj ET Q q 0 0 0 rg BT 367.33 621.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 389.55 621.95 Td (interventions ) Tj ET Q q 0 0 0 rg BT 442.30 621.95 Td (designed ) Tj ET Q q 0 0 0 rg BT 480.54 621.95 Td (to ) Tj ET Q q 0 0 0 rg BT 489.77 621.95 Td (stabilize ) Tj ET Q q 0 0 0 rg BT 524.00 621.95 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 608.45 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 116.95 608.45 Td (The ) Tj ET Q q 0 0 0 rg BT 134.51 608.45 Td (duration ) Tj ET Q q 0 0 0 rg BT 169.08 608.45 Td (and ) Tj ET Q q 0 0 0 rg BT 186.15 608.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.71 608.45 Td (of ) Tj ET Q q 0 0 0 rg BT 224.27 608.45 Td (the ) Tj ET Q q 0 0 0 rg BT 238.83 608.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 282.40 608.45 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 323.47 608.45 Td (are ) Tj ET Q q 0 0 0 rg BT 338.53 608.45 Td (unknown ) Tj ET Q q 0 0 0 rg BT 376.61 608.45 Td (at ) Tj ET Q q 0 0 0 rg BT 386.17 608.45 Td (this ) Tj ET Q q 0 0 0 rg BT 402.23 608.45 Td (time, ) Tj ET Q q 0 0 0 rg BT 423.78 608.45 Td (as ) Tj ET Q q 0 0 0 rg BT 435.34 608.45 Td (is ) Tj ET Q q 0 0 0 rg BT 443.89 608.45 Td (the ) Tj ET Q q 0 0 0 rg BT 458.45 608.45 Td (ef) Tj ET Q q 0 0 0 rg BT 465.80 608.45 Td (ficacy ) Tj ET Q q 0 0 0 rg BT 490.85 608.45 Td (of ) Tj ET Q q 0 0 0 rg BT 500.41 608.45 Td (the ) Tj ET Q q 0 0 0 rg BT 514.98 608.45 Td (government ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 594.95 Td (and ) Tj ET Q q 0 0 0 rg BT 90.67 594.95 Td (central ) Tj ET Q q 0 0 0 rg BT 121.34 594.95 Td (bank ) Tj ET Q q 0 0 0 rg BT 144.51 594.95 Td (interventions. ) Tj ET Q q 0 0 0 rg BT 201.46 594.95 Td (The ) Tj ET Q q 0 0 0 rg BT 220.62 594.95 Td (extent ) Tj ET Q q 0 0 0 rg BT 248.79 594.95 Td (to ) Tj ET Q q 0 0 0 rg BT 259.96 594.95 Td (which ) Tj ET Q q 0 0 0 rg BT 286.62 594.95 Td (the ) Tj ET Q q 0 0 0 rg BT 302.79 594.95 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 347.95 594.95 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 390.63 594.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 425.30 594.95 Td (our ) Tj ET Q q 0 0 0 rg BT 441.96 594.95 Td (future ) Tj ET Q q 0 0 0 rg BT 468.63 594.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 510.30 594.95 Td (including ) Tj ET Q q 0 0 0 rg BT 549.49 594.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 581.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.63 581.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.24 581.45 Td (the ) Tj ET Q q 0 0 0 rg BT 149.34 581.45 Td (market ) Tj ET Q q 0 0 0 rg BT 179.44 581.45 Td (for ) Tj ET Q q 0 0 0 rg BT 192.54 581.45 Td (our ) Tj ET Q q 0 0 0 rg BT 208.15 581.45 Td (securities, ) Tj ET Q q 0 0 0 rg BT 251.26 581.45 Td (will ) Tj ET Q q 0 0 0 rg BT 266.35 581.45 Td (depend ) Tj ET Q q 0 0 0 rg BT 298.98 581.45 Td (on ) Tj ET Q q 0 0 0 rg BT 311.58 581.45 Td (future ) Tj ET Q q 0 0 0 rg BT 337.19 581.45 Td (developments, ) Tj ET Q q 0 0 0 rg BT 398.32 581.45 Td (which ) Tj ET Q q 0 0 0 rg BT 423.93 581.45 Td (are ) Tj ET Q q 0 0 0 rg BT 439.53 581.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 465.64 581.45 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 505.26 581.45 Td (and ) Tj ET Q q 0 0 0 rg BT 522.88 581.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 552.49 581.45 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 567.95 Td (predicted ) Tj ET Q q 0 0 0 rg BT 111.68 567.95 Td (at ) Tj ET Q q 0 0 0 rg BT 121.84 567.95 Td (this ) Tj ET Q q 0 0 0 rg BT 138.50 567.95 Td (time, ) Tj ET Q q 0 0 0 rg BT 160.65 567.95 Td (and ) Tj ET Q q 0 0 0 rg BT 178.32 567.95 Td (include ) Tj ET Q q 0 0 0 rg BT 209.49 567.95 Td (the ) Tj ET Q q 0 0 0 rg BT 224.66 567.95 Td (duration, ) Tj ET Q q 0 0 0 rg BT 262.34 567.95 Td (severity ) Tj ET Q q 0 0 0 rg BT 296.00 567.95 Td (and ) Tj ET Q q 0 0 0 rg BT 313.67 567.95 Td (scope ) Tj ET Q q 0 0 0 rg BT 340.34 567.95 Td (of ) Tj ET Q q 0 0 0 rg BT 350.50 567.95 Td (the ) Tj ET Q q 0 0 0 rg BT 365.66 567.95 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 403.34 567.95 Td (and ) Tj ET Q q 0 0 0 rg BT 421.01 567.95 Td (the ) Tj ET Q q 0 0 0 rg BT 436.17 567.95 Td (actions ) Tj ET Q q 0 0 0 rg BT 467.34 567.95 Td (taken ) Tj ET Q q 0 0 0 rg BT 492.01 567.95 Td (to ) Tj ET Q q 0 0 0 rg BT 502.17 567.95 Td (contain ) Tj ET Q q 0 0 0 rg BT 533.85 567.95 Td (or ) Tj ET Q q 0 0 0 rg BT 544.50 567.95 Td (treat ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 554.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.87 554.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 130.73 554.45 Td (pandemic. ) Tj ET Q q 0 0 0 rg BT 174.61 554.45 Td (It ) Tj ET Q q 0 0 0 rg BT 181.97 554.45 Td (is ) Tj ET Q q 0 0 0 rg BT 190.82 554.45 Td (not ) Tj ET Q q 0 0 0 rg BT 205.69 554.45 Td (possible ) Tj ET Q q 0 0 0 rg BT 241.06 554.45 Td (to ) Tj ET Q q 0 0 0 rg BT 250.92 554.45 Td (reliably ) Tj ET Q q 0 0 0 rg BT 281.79 554.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 318.16 554.45 Td (the ) Tj ET Q q 0 0 0 rg BT 333.03 554.45 Td (length ) Tj ET Q q 0 0 0 rg BT 359.90 554.45 Td (and ) Tj ET Q q 0 0 0 rg BT 377.27 554.45 Td (severity ) Tj ET Q q 0 0 0 rg BT 410.64 554.45 Td (of ) Tj ET Q q 0 0 0 rg BT 420.50 554.45 Td (these ) Tj ET Q q 0 0 0 rg BT 444.87 554.45 Td (developments ) Tj ET Q q 0 0 0 rg BT 503.26 554.45 Td (or ) Tj ET Q q 0 0 0 rg BT 513.62 554.45 Td (the ) Tj ET Q q 0 0 0 rg BT 528.48 554.45 Td (negative ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 540.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 100.68 540.95 Td (on ) Tj ET Q q 0 0 0 rg BT 112.86 540.95 Td (our ) Tj ET Q q 0 0 0 rg BT 128.04 540.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 163.23 540.95 Td (results, ) Tj ET Q q 0 0 0 rg BT 194.41 540.95 Td (share ) Tj ET Q q 0 0 0 rg BT 219.09 540.95 Td (price ) Tj ET Q q 0 0 0 rg BT 240.77 540.95 Td (and ) Tj ET Q q 0 0 0 rg BT 257.96 540.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 293.15 540.95 Td (condition ) Tj ET Q q 0 0 0 rg BT 331.35 540.95 Td (in ) Tj ET Q q 0 0 0 rg BT 340.52 540.95 Td (future ) Tj ET Q q 0 0 0 rg BT 365.71 540.95 Td (periods. ) Tj ET Q q 0 0 0 rg BT 399.90 540.95 Td (Many ) Tj ET Q q 0 0 0 rg BT 424.08 540.95 Td (of ) Tj ET Q q 0 0 0 rg BT 433.75 540.95 Td (the ) Tj ET Q q 0 0 0 rg BT 448.44 540.95 Td (risks, ) Tj ET Q q 0 0 0 rg BT 471.60 540.95 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 524.80 540.95 Td (and ) Tj ET Q q 0 0 0 rg BT 541.99 540.95 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 527.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 88.50 527.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 118.01 527.45 Td (identified ) Tj ET Q q 0 0 0 rg BT 156.53 527.45 Td (are, ) Tj ET Q q 0 0 0 rg BT 174.54 527.45 Td (and ) Tj ET Q q 0 0 0 rg BT 192.06 527.45 Td (will ) Tj ET Q q 0 0 0 rg BT 207.06 527.45 Td (be, ) Tj ET Q q 0 0 0 rg BT 222.07 527.45 Td (amplified ) Tj ET Q q 0 0 0 rg BT 260.59 527.45 Td (by ) Tj ET Q q 0 0 0 rg BT 272.59 527.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.60 527.45 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 331.62 527.45 Td (pandemic.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 498.95 Td (10.1.2. ) Tj ET Q q 0 0 0 rg BT 103.52 498.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 130.04 498.95 Td (Related ) Tj ET Q q 0 0 0 rg BT 165.05 498.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.05 498.95 Td (our ) Tj ET Q q 0 0 0 rg BT 193.04 498.95 Td (Industry) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 475.166796875 m 188.05078125 475.166796875 l s q 0 0 0 rg BT 72.00 476.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 476.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 138.53 476.45 Td (for ) Tj ET Q q 0 0 0 rg BT 151.54 476.45 Td (contracts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 456.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 89.68 456.95 Td (operates ) Tj ET Q q 0 0 0 rg BT 126.39 456.95 Td (in ) Tj ET Q q 0 0 0 rg BT 135.07 456.95 Td (a ) Tj ET Q q 0 0 0 rg BT 141.76 456.95 Td (global ) Tj ET Q q 0 0 0 rg BT 167.46 456.95 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 218.16 456.95 Td (in ) Tj ET Q q 0 0 0 rg BT 226.85 456.95 Td (which ) Tj ET Q q 0 0 0 rg BT 251.54 456.95 Td (competition ) Tj ET Q q 0 0 0 rg BT 299.25 456.95 Td (among ) Tj ET Q q 0 0 0 rg BT 328.45 456.95 Td (providers ) Tj ET Q q 0 0 0 rg BT 367.14 456.95 Td (of ) Tj ET Q q 0 0 0 rg BT 376.33 456.95 Td (IT) Tj ET Q q 0 0 0 rg BT 384.16 456.95 Td ( ) Tj ET Q q 0 0 0 rg BT 385.85 456.95 Td (services ) Tj ET Q q 0 0 0 rg BT 420.53 456.95 Td (is ) Tj ET Q q 0 0 0 rg BT 428.71 456.95 Td (vigorous. ) Tj ET Q q 0 0 0 rg BT 466.91 456.95 Td (Some ) Tj ET Q q 0 0 0 rg BT 492.11 456.95 Td (of ) Tj ET Q q 0 0 0 rg BT 501.29 456.95 Td (our ) Tj ET Q q 0 0 0 rg BT 515.98 456.95 Td (competitors ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 443.45 Td (possess ) Tj ET Q q 0 0 0 rg BT 107.50 443.45 Td (greater ) Tj ET Q q 0 0 0 rg BT 138.50 443.45 Td (financial, ) Tj ET Q q 0 0 0 rg BT 176.51 443.45 Td (marketing ) Tj ET Q q 0 0 0 rg BT 218.51 443.45 Td (and ) Tj ET Q q 0 0 0 rg BT 236.01 443.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 259.51 443.45 Td (resources, ) Tj ET Q q 0 0 0 rg BT 304.01 443.45 Td (and ) Tj ET Q q 0 0 0 rg BT 321.51 443.45 Td (larger ) Tj ET Q q 0 0 0 rg BT 347.01 443.45 Td (geographic ) Tj ET Q q 0 0 0 rg BT 394.03 443.45 Td (scope ) Tj ET Q q 0 0 0 rg BT 420.53 443.45 Td (in ) Tj ET Q q 0 0 0 rg BT 430.02 443.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 459.52 443.45 Td (parts ) Tj ET Q q 0 0 0 rg BT 482.02 443.45 Td (of ) Tj ET Q q 0 0 0 rg BT 492.01 443.45 Td (the ) Tj ET Q q 0 0 0 rg BT 507.00 443.45 Td (world ) Tj ET Q q 0 0 0 rg BT 531.00 443.45 Td (than ) Tj ET Q q 0 0 0 rg BT 551.00 443.45 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 429.95 Td (do, ) Tj ET Q q 0 0 0 rg BT 88.44 429.95 Td (which, ) Tj ET Q q 0 0 0 rg BT 117.88 429.95 Td (in ) Tj ET Q q 0 0 0 rg BT 128.82 429.95 Td (turn, ) Tj ET Q q 0 0 0 rg BT 150.76 429.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 188.71 429.95 Td (them ) Tj ET Q q 0 0 0 rg BT 212.65 429.95 Td (with ) Tj ET Q q 0 0 0 rg BT 232.58 429.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 275.05 429.95 Td (leverage ) Tj ET Q q 0 0 0 rg BT 313.50 429.95 Td (in ) Tj ET Q q 0 0 0 rg BT 324.44 429.95 Td (the ) Tj ET Q q 0 0 0 rg BT 340.88 429.95 Td (competition ) Tj ET Q q 0 0 0 rg BT 390.83 429.95 Td (for ) Tj ET Q q 0 0 0 rg BT 405.27 429.95 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 448.21 429.95 Td (In ) Tj ET Q q 0 0 0 rg BT 459.65 429.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 490.60 429.95 Td (niche, ) Tj ET Q q 0 0 0 rg BT 518.54 429.95 Td (regional ) Tj ET Q q 0 0 0 rg BT 554.50 429.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 416.45 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 123.11 416.45 Td (markets, ) Tj ET Q q 0 0 0 rg BT 159.19 416.45 Td (we ) Tj ET Q q 0 0 0 rg BT 172.28 416.45 Td (face ) Tj ET Q q 0 0 0 rg BT 190.87 416.45 Td (smaller ) Tj ET Q q 0 0 0 rg BT 221.46 416.45 Td (competitors ) Tj ET Q q 0 0 0 rg BT 269.55 416.45 Td (with ) Tj ET Q q 0 0 0 rg BT 287.14 416.45 Td (specialized ) Tj ET Q q 0 0 0 rg BT 333.25 416.45 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 379.35 416.45 Td (who ) Tj ET Q q 0 0 0 rg BT 397.44 416.45 Td (may ) Tj ET Q q 0 0 0 rg BT 416.03 416.45 Td (be ) Tj ET Q q 0 0 0 rg BT 427.62 416.45 Td (able ) Tj ET Q q 0 0 0 rg BT 446.22 416.45 Td (to ) Tj ET Q q 0 0 0 rg BT 455.30 416.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 486.40 416.45 Td (competing ) Tj ET Q q 0 0 0 rg BT 529.51 416.45 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 402.95 Td (with ) Tj ET Q q 0 0 0 rg BT 89.95 402.95 Td (greater ) Tj ET Q q 0 0 0 rg BT 120.42 402.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 160.89 402.95 Td (ef) Tj ET Q q 0 0 0 rg BT 168.23 402.95 Td (ficiency) Tj ET Q q 0 0 0 rg BT 197.57 402.95 Td (. ) Tj ET Q q 0 0 0 rg BT 202.02 402.95 Td (Some ) Tj ET Q q 0 0 0 rg BT 227.48 402.95 Td (of ) Tj ET Q q 0 0 0 rg BT 236.94 402.95 Td (our ) Tj ET Q q 0 0 0 rg BT 251.90 402.95 Td (competitors ) Tj ET Q q 0 0 0 rg BT 300.36 402.95 Td (have ) Tj ET Q q 0 0 0 rg BT 321.83 402.95 Td (more ) Tj ET Q q 0 0 0 rg BT 344.28 402.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 386.25 402.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 430.23 402.95 Td (than ) Tj ET Q q 0 0 0 rg BT 449.70 402.95 Td (we ) Tj ET Q q 0 0 0 rg BT 463.15 402.95 Td (do ) Tj ET Q q 0 0 0 rg BT 475.11 402.95 Td (in ) Tj ET Q q 0 0 0 rg BT 484.07 402.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 507.53 402.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 525.98 402.95 Td (countries ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 389.45 Td (that ) Tj ET Q q 0 0 0 rg BT 90.26 389.45 Td (can ) Tj ET Q q 0 0 0 rg BT 108.03 389.45 Td (serve ) Tj ET Q q 0 0 0 rg BT 133.29 389.45 Td (as ) Tj ET Q q 0 0 0 rg BT 146.05 389.45 Td (a ) Tj ET Q q 0 0 0 rg BT 154.30 389.45 Td (platform ) Tj ET Q q 0 0 0 rg BT 190.07 389.45 Td (from ) Tj ET Q q 0 0 0 rg BT 211.32 389.45 Td (which ) Tj ET Q q 0 0 0 rg BT 237.58 389.45 Td (to ) Tj ET Q q 0 0 0 rg BT 248.34 389.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 281.11 389.45 Td (services ) Tj ET Q q 0 0 0 rg BT 317.37 389.45 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 360.64 389.45 Td (on ) Tj ET Q q 0 0 0 rg BT 373.90 389.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 399.65 389.45 Td (that ) Tj ET Q q 0 0 0 rg BT 417.92 389.45 Td (may ) Tj ET Q q 0 0 0 rg BT 438.17 389.45 Td (be ) Tj ET Q q 0 0 0 rg BT 451.44 389.45 Td (more ) Tj ET Q q 0 0 0 rg BT 475.19 389.45 Td (favourable. ) Tj ET Q q 0 0 0 rg BT 522.98 389.45 Td (Increased ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 375.95 Td (competition ) Tj ET Q q 0 0 0 rg BT 120.72 375.95 Td (among ) Tj ET Q q 0 0 0 rg BT 150.94 375.95 Td (IT) Tj ET Q q 0 0 0 rg BT 158.78 375.95 Td ( ) Tj ET Q q 0 0 0 rg BT 161.48 375.95 Td (services ) Tj ET Q q 0 0 0 rg BT 197.19 375.95 Td (firms ) Tj ET Q q 0 0 0 rg BT 219.38 375.95 Td (often ) Tj ET Q q 0 0 0 rg BT 242.10 375.95 Td (results ) Tj ET Q q 0 0 0 rg BT 271.31 375.95 Td (in ) Tj ET Q q 0 0 0 rg BT 281.01 375.95 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 340.75 375.95 Td (pressure ) Tj ET Q q 0 0 0 rg BT 378.47 375.95 Td (on ) Tj ET Q q 0 0 0 rg BT 391.18 375.95 Td (prices. ) Tj ET Q q 0 0 0 rg BT 420.21 375.95 Td (There ) Tj ET Q q 0 0 0 rg BT 446.42 375.95 Td (can ) Tj ET Q q 0 0 0 rg BT 463.64 375.95 Td (be ) Tj ET Q q 0 0 0 rg BT 476.35 375.95 Td (no ) Tj ET Q q 0 0 0 rg BT 489.06 375.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 533.28 375.95 Td (that ) Tj ET Q q 0 0 0 rg BT 551.00 375.95 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 362.45 Td (will ) Tj ET Q q 0 0 0 rg BT 86.69 362.45 Td (succeed ) Tj ET Q q 0 0 0 rg BT 122.40 362.45 Td (in ) Tj ET Q q 0 0 0 rg BT 131.59 362.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 170.30 362.45 Td (competitively ) Tj ET Q q 0 0 0 rg BT 224.51 362.45 Td (priced ) Tj ET Q q 0 0 0 rg BT 251.21 362.45 Td (services ) Tj ET Q q 0 0 0 rg BT 286.41 362.45 Td (at ) Tj ET Q q 0 0 0 rg BT 296.10 362.45 Td (levels ) Tj ET Q q 0 0 0 rg BT 321.30 362.45 Td (of ) Tj ET Q q 0 0 0 rg BT 331.00 362.45 Td (service ) Tj ET Q q 0 0 0 rg BT 361.69 362.45 Td (and ) Tj ET Q q 0 0 0 rg BT 378.90 362.45 Td (quality ) Tj ET Q q 0 0 0 rg BT 407.10 362.45 Td (that ) Tj ET Q q 0 0 0 rg BT 424.30 362.45 Td (will ) Tj ET Q q 0 0 0 rg BT 438.99 362.45 Td (enable ) Tj ET Q q 0 0 0 rg BT 468.21 362.45 Td (us ) Tj ET Q q 0 0 0 rg BT 479.90 362.45 Td (to ) Tj ET Q q 0 0 0 rg BT 489.59 362.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 525.80 362.45 Td (and ) Tj ET Q q 0 0 0 rg BT 543.01 362.45 Td (grow ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 348.95 Td (our ) Tj ET Q q 0 0 0 rg BT 87.51 348.95 Td (market ) Tj ET Q q 0 0 0 rg BT 117.51 348.95 Td (share.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 326.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 326.45 Td (e ) Tj ET Q q 0 0 0 rg BT 88.64 326.45 Td (derive ) Tj ET Q q 0 0 0 rg BT 116.45 326.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 159.77 326.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 195.60 326.45 Td (from ) Tj ET Q q 0 0 0 rg BT 216.90 326.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 256.72 326.45 Td (awarded ) Tj ET Q q 0 0 0 rg BT 294.54 326.45 Td (through ) Tj ET Q q 0 0 0 rg BT 328.37 326.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 377.19 326.45 Td (bidding ) Tj ET Q q 0 0 0 rg BT 409.51 326.45 Td (processes, ) Tj ET Q q 0 0 0 rg BT 456.33 326.45 Td (which ) Tj ET Q q 0 0 0 rg BT 482.65 326.45 Td (limit ) Tj ET Q q 0 0 0 rg BT 501.94 326.45 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 326.45 Td (Company's ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 98.63 312.95 Td (to ) Tj ET Q q 0 0 0 rg BT 109.75 312.95 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 150.40 312.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.03 312.95 Td (contractual ) Tj ET Q q 0 0 0 rg BT 228.67 312.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 254.79 312.95 Td (and ) Tj ET Q q 0 0 0 rg BT 273.43 312.95 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 320.07 312.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 345.69 312.95 Td (related ) Tj ET Q q 0 0 0 rg BT 376.82 312.95 Td (to ) Tj ET Q q 0 0 0 rg BT 387.95 312.95 Td (competitive ) Tj ET Q q 0 0 0 rg BT 437.08 312.95 Td (bidding ) Tj ET Q q 0 0 0 rg BT 469.73 312.95 Td (processes ) Tj ET Q q 0 0 0 rg BT 514.36 312.95 Td (also ) Tj ET Q q 0 0 0 rg BT 534.49 312.95 Td (involve ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 299.45 Td (substantial ) Tj ET Q q 0 0 0 rg BT 117.58 299.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 136.63 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 154.19 299.45 Td (managerial ) Tj ET Q q 0 0 0 rg BT 201.27 299.45 Td (time ) Tj ET Q q 0 0 0 rg BT 220.82 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 238.38 299.45 Td (ef) Tj ET Q q 0 0 0 rg BT 245.73 299.45 Td (fort ) Tj ET Q q 0 0 0 rg BT 261.28 299.45 Td (spent ) Tj ET Q q 0 0 0 rg BT 285.84 299.45 Td (by ) Tj ET Q q 0 0 0 rg BT 297.90 299.45 Td (the ) Tj ET Q q 0 0 0 rg BT 312.96 299.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 354.02 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 364.08 299.45 Td (prepare ) Tj ET Q q 0 0 0 rg BT 397.65 299.45 Td (bids ) Tj ET Q q 0 0 0 rg BT 416.70 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.27 299.45 Td (proposals ) Tj ET Q q 0 0 0 rg BT 475.84 299.45 Td (for ) Tj ET Q q 0 0 0 rg BT 488.89 299.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 527.95 299.45 Td (that ) Tj ET Q q 0 0 0 rg BT 545.51 299.45 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.95 Td (or ) Tj ET Q q 0 0 0 rg BT 82.23 285.95 Td (may ) Tj ET Q q 0 0 0 rg BT 101.45 285.95 Td (not ) Tj ET Q q 0 0 0 rg BT 116.19 285.95 Td (be ) Tj ET Q q 0 0 0 rg BT 128.43 285.95 Td (awarded ) Tj ET Q q 0 0 0 rg BT 165.17 285.95 Td (to ) Tj ET Q q 0 0 0 rg BT 174.90 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 189.64 285.95 Td (Company) Tj ET Q q 0 0 0 rg BT 227.49 285.95 Td (, ) Tj ET Q q 0 0 0 rg BT 232.21 285.95 Td (as ) Tj ET Q q 0 0 0 rg BT 243.94 285.95 Td (well ) Tj ET Q q 0 0 0 rg BT 261.67 285.95 Td (as ) Tj ET Q q 0 0 0 rg BT 273.40 285.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 314.15 285.95 Td (and ) Tj ET Q q 0 0 0 rg BT 331.40 285.95 Td (delays ) Tj ET Q q 0 0 0 rg BT 359.64 285.95 Td (that ) Tj ET Q q 0 0 0 rg BT 376.87 285.95 Td (may ) Tj ET Q q 0 0 0 rg BT 396.10 285.95 Td (arise ) Tj ET Q q 0 0 0 rg BT 417.83 285.95 Td (if ) Tj ET Q q 0 0 0 rg BT 424.56 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 439.29 285.95 Td (Company's ) Tj ET Q q 0 0 0 rg BT 486.25 285.95 Td (competitors ) Tj ET Q q 0 0 0 rg BT 534.99 285.95 Td (protest ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 272.45 Td (or ) Tj ET Q q 0 0 0 rg BT 82.50 272.45 Td (challenge ) Tj ET Q q 0 0 0 rg BT 123.53 272.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 155.05 272.45 Td (made ) Tj ET Q q 0 0 0 rg BT 180.06 272.45 Td (to ) Tj ET Q q 0 0 0 rg BT 190.07 272.45 Td (the ) Tj ET Q q 0 0 0 rg BT 205.08 272.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.10 272.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 283.62 272.45 Td (to ) Tj ET Q q 0 0 0 rg BT 293.63 272.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 341.65 272.45 Td (bidding ) Tj ET Q q 0 0 0 rg BT 373.17 272.45 Td (processes. ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 248.66679687500005 m 298.63037109375 248.66679687500005 l s q 0 0 0 rg BT 72.00 249.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 249.95 Td (availability ) Tj ET Q q 0 0 0 rg BT 134.03 249.95 Td (and ) Tj ET Q q 0 0 0 rg BT 151.55 249.95 Td (retention ) Tj ET Q q 0 0 0 rg BT 189.07 249.95 Td (of ) Tj ET Q q 0 0 0 rg BT 199.08 249.95 Td (qualified ) Tj ET Q q 0 0 0 rg BT 235.10 249.95 Td (IT ) Tj ET Q q 0 0 0 rg BT 245.60 249.95 Td (professionals) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 230.45 Td (There ) Tj ET Q q 0 0 0 rg BT 98.00 230.45 Td (is ) Tj ET Q q 0 0 0 rg BT 106.98 230.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 134.48 230.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 169.50 230.45 Td (for ) Tj ET Q q 0 0 0 rg BT 182.48 230.45 Td (qualified ) Tj ET Q q 0 0 0 rg BT 218.50 230.45 Td (individuals ) Tj ET Q q 0 0 0 rg BT 263.01 230.45 Td (in ) Tj ET Q q 0 0 0 rg BT 272.50 230.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.50 230.45 Td (IT) Tj ET Q q 0 0 0 rg BT 295.33 230.45 Td ( ) Tj ET Q q 0 0 0 rg BT 297.82 230.45 Td (industry) Tj ET Q q 0 0 0 rg BT 328.67 230.45 Td (. ) Tj ET Q q 0 0 0 rg BT 333.65 230.45 Td (Hiring ) Tj ET Q q 0 0 0 rg BT 359.65 230.45 Td (and ) Tj ET Q q 0 0 0 rg BT 377.15 230.45 Td (retaining ) Tj ET Q q 0 0 0 rg BT 414.16 230.45 Td (a ) Tj ET Q q 0 0 0 rg BT 421.65 230.45 Td (suf) Tj ET Q q 0 0 0 rg BT 433.50 230.45 Td (ficient ) Tj ET Q q 0 0 0 rg BT 459.49 230.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 492.00 230.45 Td (of ) Tj ET Q q 0 0 0 rg BT 501.99 230.45 Td (individuals ) Tj ET Q q 0 0 0 rg BT 546.50 230.45 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 216.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.97 216.95 Td (desired ) Tj ET Q q 0 0 0 rg BT 118.94 216.95 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 164.43 216.95 Td (and ) Tj ET Q q 0 0 0 rg BT 181.90 216.95 Td (skill ) Tj ET Q q 0 0 0 rg BT 199.35 216.95 Td (set ) Tj ET Q q 0 0 0 rg BT 213.81 216.95 Td (may ) Tj ET Q q 0 0 0 rg BT 233.27 216.95 Td (be ) Tj ET Q q 0 0 0 rg BT 245.73 216.95 Td (dif) Tj ET Q q 0 0 0 rg BT 255.08 216.95 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 278.38 216.95 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 322.35 216.95 Td (it ) Tj ET Q q 0 0 0 rg BT 329.31 216.95 Td (is ) Tj ET Q q 0 0 0 rg BT 338.26 216.95 Td (important ) Tj ET Q q 0 0 0 rg BT 378.23 216.95 Td (that ) Tj ET Q q 0 0 0 rg BT 395.70 216.95 Td (we ) Tj ET Q q 0 0 0 rg BT 409.66 216.95 Td (remain ) Tj ET Q q 0 0 0 rg BT 439.63 216.95 Td (able ) Tj ET Q q 0 0 0 rg BT 459.10 216.95 Td (to ) Tj ET Q q 0 0 0 rg BT 469.06 216.95 Td (successfully ) Tj ET Q q 0 0 0 rg BT 520.03 216.95 Td (attract ) Tj ET Q q 0 0 0 rg BT 547.49 216.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 203.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 97.91 203.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 124.82 203.45 Td (qualified ) Tj ET Q q 0 0 0 rg BT 161.74 203.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 218.16 203.45 Td (and ) Tj ET Q q 0 0 0 rg BT 236.57 203.45 Td (establish ) Tj ET Q q 0 0 0 rg BT 275.48 203.45 Td (an ) Tj ET Q q 0 0 0 rg BT 288.89 203.45 Td (ef) Tj ET Q q 0 0 0 rg BT 296.23 203.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 325.64 203.45 Td (succession ) Tj ET Q q 0 0 0 rg BT 373.55 203.45 Td (plan. ) Tj ET Q q 0 0 0 rg BT 396.46 203.45 Td (If ) Tj ET Q q 0 0 0 rg BT 404.86 203.45 Td (our ) Tj ET Q q 0 0 0 rg BT 421.26 203.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 485.69 203.45 Td (programs ) Tj ET Q q 0 0 0 rg BT 527.09 203.45 Td (aimed ) Tj ET Q q 0 0 0 rg BT 555.00 203.45 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 189.95 Td (attracting ) Tj ET Q q 0 0 0 rg BT 111.35 189.95 Td (and ) Tj ET Q q 0 0 0 rg BT 128.71 189.95 Td (retaining ) Tj ET Q q 0 0 0 rg BT 165.57 189.95 Td (qualified ) Tj ET Q q 0 0 0 rg BT 201.43 189.95 Td (and ) Tj ET Q q 0 0 0 rg BT 218.78 189.95 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 260.15 189.95 Td (professionals ) Tj ET Q q 0 0 0 rg BT 315.51 189.95 Td (do ) Tj ET Q q 0 0 0 rg BT 327.86 189.95 Td (not ) Tj ET Q q 0 0 0 rg BT 342.70 189.95 Td (ensure ) Tj ET Q q 0 0 0 rg BT 372.56 189.95 Td (that ) Tj ET Q q 0 0 0 rg BT 389.90 189.95 Td (we ) Tj ET Q q 0 0 0 rg BT 403.74 189.95 Td (have ) Tj ET Q q 0 0 0 rg BT 425.60 189.95 Td (staf) Tj ET Q q 0 0 0 rg BT 439.94 189.95 Td (f ) Tj ET Q q 0 0 0 rg BT 444.78 189.95 Td (in ) Tj ET Q q 0 0 0 rg BT 454.12 189.95 Td (suf) Tj ET Q q 0 0 0 rg BT 465.96 189.95 Td (ficient ) Tj ET Q q 0 0 0 rg BT 491.81 189.95 Td (numbers ) Tj ET Q q 0 0 0 rg BT 529.16 189.95 Td (and ) Tj ET Q q 0 0 0 rg BT 546.51 189.95 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 176.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.64 176.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 134.31 176.45 Td (training, ) Tj ET Q q 0 0 0 rg BT 168.46 176.45 Td (expertise ) Tj ET Q q 0 0 0 rg BT 207.11 176.45 Td (and ) Tj ET Q q 0 0 0 rg BT 224.26 176.45 Td (suitable ) Tj ET Q q 0 0 0 rg BT 257.41 176.45 Td (government ) Tj ET Q q 0 0 0 rg BT 307.07 176.45 Td (security ) Tj ET Q q 0 0 0 rg BT 340.21 176.45 Td (clearances ) Tj ET Q q 0 0 0 rg BT 385.86 176.45 Td (required ) Tj ET Q q 0 0 0 rg BT 421.01 176.45 Td (to ) Tj ET Q q 0 0 0 rg BT 430.65 176.45 Td (serve ) Tj ET Q q 0 0 0 rg BT 454.79 176.45 Td (the ) Tj ET Q q 0 0 0 rg BT 469.43 176.45 Td (needs ) Tj ET Q q 0 0 0 rg BT 496.09 176.45 Td (of ) Tj ET Q q 0 0 0 rg BT 505.73 176.45 Td (our ) Tj ET Q q 0 0 0 rg BT 520.87 176.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 551.01 176.45 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 162.95 Td (may ) Tj ET Q q 0 0 0 rg BT 91.45 162.95 Td (have ) Tj ET Q q 0 0 0 rg BT 113.42 162.95 Td (to ) Tj ET Q q 0 0 0 rg BT 123.38 162.95 Td (rely ) Tj ET Q q 0 0 0 rg BT 140.33 162.95 Td (on ) Tj ET Q q 0 0 0 rg BT 152.80 162.95 Td (subcontractors ) Tj ET Q q 0 0 0 rg BT 214.27 162.95 Td (or ) Tj ET Q q 0 0 0 rg BT 224.73 162.95 Td (transfers ) Tj ET Q q 0 0 0 rg BT 262.19 162.95 Td (of ) Tj ET Q q 0 0 0 rg BT 272.15 162.95 Td (staf) Tj ET Q q 0 0 0 rg BT 286.49 162.95 Td (f ) Tj ET Q q 0 0 0 rg BT 291.44 162.95 Td (to ) Tj ET Q q 0 0 0 rg BT 301.40 162.95 Td (fill ) Tj ET Q q 0 0 0 rg BT 312.35 162.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 348.82 162.95 Td (gaps. ) Tj ET Q q 0 0 0 rg BT 373.29 162.95 Td (If ) Tj ET Q q 0 0 0 rg BT 380.74 162.95 Td (our ) Tj ET Q q 0 0 0 rg BT 396.20 162.95 Td (succession ) Tj ET Q q 0 0 0 rg BT 443.18 162.95 Td (plan ) Tj ET Q q 0 0 0 rg BT 462.64 162.95 Td (fails ) Tj ET Q q 0 0 0 rg BT 481.10 162.95 Td (to ) Tj ET Q q 0 0 0 rg BT 491.06 162.95 Td (identify ) Tj ET Q q 0 0 0 rg BT 522.02 162.95 Td (those ) Tj ET Q q 0 0 0 rg BT 546.49 162.95 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 149.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 108.89 149.45 Td (or ) Tj ET Q q 0 0 0 rg BT 119.76 149.45 Td (to ) Tj ET Q q 0 0 0 rg BT 130.13 149.45 Td (develop ) Tj ET Q q 0 0 0 rg BT 164.51 149.45 Td (these ) Tj ET Q q 0 0 0 rg BT 189.39 149.45 Td (key ) Tj ET Q q 0 0 0 rg BT 206.26 149.45 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 253.65 149.45 Td (we ) Tj ET Q q 0 0 0 rg BT 268.02 149.45 Td (may ) Tj ET Q q 0 0 0 rg BT 287.89 149.45 Td (be ) Tj ET Q q 0 0 0 rg BT 300.76 149.45 Td (unable ) Tj ET Q q 0 0 0 rg BT 330.65 149.45 Td (to ) Tj ET Q q 0 0 0 rg BT 341.02 149.45 Td (replace ) Tj ET Q q 0 0 0 rg BT 373.40 149.45 Td (key ) Tj ET Q q 0 0 0 rg BT 390.27 149.45 Td (members ) Tj ET Q q 0 0 0 rg BT 430.64 149.45 Td (who ) Tj ET Q q 0 0 0 rg BT 450.01 149.45 Td (retire ) Tj ET Q q 0 0 0 rg BT 473.38 149.45 Td (or ) Tj ET Q q 0 0 0 rg BT 484.25 149.45 Td (leave ) Tj ET Q q 0 0 0 rg BT 508.63 149.45 Td (the ) Tj ET Q q 0 0 0 rg BT 524.00 149.45 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 135.95 Td (and ) Tj ET Q q 0 0 0 rg BT 88.79 135.95 Td (may ) Tj ET Q q 0 0 0 rg BT 107.56 135.95 Td (be ) Tj ET Q q 0 0 0 rg BT 119.34 135.95 Td (required ) Tj ET Q q 0 0 0 rg BT 154.13 135.95 Td (to ) Tj ET Q q 0 0 0 rg BT 163.40 135.95 Td (recruit ) Tj ET Q q 0 0 0 rg BT 190.17 135.95 Td (and/or ) Tj ET Q q 0 0 0 rg BT 217.46 135.95 Td (train ) Tj ET Q q 0 0 0 rg BT 236.74 135.95 Td (new ) Tj ET Q q 0 0 0 rg BT 255.02 135.95 Td (employees. ) Tj ET Q q 0 0 0 rg BT 302.70 135.95 Td (This ) Tj ET Q q 0 0 0 rg BT 321.47 135.95 Td (might ) Tj ET Q q 0 0 0 rg BT 345.25 135.95 Td (result ) Tj ET Q q 0 0 0 rg BT 369.02 135.95 Td (in ) Tj ET Q q 0 0 0 rg BT 377.80 135.95 Td (lost ) Tj ET Q q 0 0 0 rg BT 393.57 135.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.86 135.95 Td (or ) Tj ET Q q 0 0 0 rg BT 437.64 135.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 478.43 135.95 Td (costs, ) Tj ET Q q 0 0 0 rg BT 503.70 135.95 Td (thereby ) Tj ET Q q 0 0 0 rg BT 535.49 135.95 Td (putting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 122.45 Td (pressure ) Tj ET Q q 0 0 0 rg BT 109.52 122.45 Td (on ) Tj ET Q q 0 0 0 rg BT 122.03 122.45 Td (our ) Tj ET Q q 0 0 0 rg BT 137.54 122.45 Td (net ) Tj ET Q q 0 0 0 rg BT 152.55 122.45 Td (earnings.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 98.66679687500005 m 564.99755859375 98.66679687500005 l s q 0 0 0 rg BT 72.00 99.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.12 99.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.74 99.95 Td (to ) Tj ET Q q 0 0 0 rg BT 125.86 99.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 162.50 99.95 Td (developing ) Tj ET Q q 0 0 0 rg BT 208.65 99.95 Td (and ) Tj ET Q q 0 0 0 rg BT 226.28 99.95 Td (expanding ) Tj ET Q q 0 0 0 rg BT 270.43 99.95 Td (service ) Tj ET Q q 0 0 0 rg BT 301.55 99.95 Td (offerings ) Tj ET Q q 0 0 0 rg BT 338.68 99.95 Td (to ) Tj ET Q q 0 0 0 rg BT 348.80 99.95 Td (address ) Tj ET Q q 0 0 0 rg BT 383.43 99.95 Td (emerging ) Tj ET Q q 0 0 0 rg BT 423.57 99.95 Td (business ) Tj ET Q q 0 0 0 rg BT 461.70 99.95 Td (demands ) Tj ET Q q 0 0 0 rg BT 501.34 99.95 Td (and ) Tj ET Q q 0 0 0 rg BT 518.96 99.95 Td (technology ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 85.16679687500005 m 97.013671875 85.16679687500005 l s q 0 0 0 rg BT 72.00 86.45 Td (trends) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 66.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.71 66.95 Td (rapid ) Tj ET Q q 0 0 0 rg BT 111.93 66.95 Td (pace ) Tj ET Q q 0 0 0 rg BT 133.65 66.95 Td (of ) Tj ET Q q 0 0 0 rg BT 143.35 66.95 Td (change ) Tj ET Q q 0 0 0 rg BT 175.08 66.95 Td (in ) Tj ET Q q 0 0 0 rg BT 184.29 66.95 Td (all ) Tj ET Q q 0 0 0 rg BT 195.50 66.95 Td (aspects ) Tj ET Q q 0 0 0 rg BT 228.72 66.95 Td (of ) Tj ET Q q 0 0 0 rg BT 238.43 66.95 Td (IT) Tj ET Q q 0 0 0 rg BT 246.26 66.95 Td ( ) Tj ET Q q 0 0 0 rg BT 248.46 66.95 Td (and ) Tj ET Q q 0 0 0 rg BT 265.68 66.95 Td (the ) Tj ET Q q 0 0 0 rg BT 280.40 66.95 Td (continually ) Tj ET Q q 0 0 0 rg BT 325.12 66.95 Td (declining ) Tj ET Q q 0 0 0 rg BT 362.85 66.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 386.06 66.95 Td (of ) Tj ET Q q 0 0 0 rg BT 395.77 66.95 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 434.50 66.95 Td (and ) Tj ET Q q 0 0 0 rg BT 451.71 66.95 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 499.94 66.95 Td (IT) Tj ET Q q 0 0 0 rg BT 507.78 66.95 Td ( ) Tj ET Q q 0 0 0 rg BT 509.98 66.95 Td (infrastructure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 53.45 Td (mean ) Tj ET Q q 0 0 0 rg BT 97.07 53.45 Td (that ) Tj ET Q q 0 0 0 rg BT 114.64 53.45 Td (we ) Tj ET Q q 0 0 0 rg BT 128.70 53.45 Td (must ) Tj ET Q q 0 0 0 rg BT 150.76 53.45 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 191.84 53.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 228.43 53.45 Td (in ) Tj ET Q q 0 0 0 rg BT 237.99 53.45 Td (our ) Tj ET Q q 0 0 0 rg BT 253.55 53.45 Td (clients) Tj ET Q q 0 0 0 rg BT 280.73 53.45 Td ( ) Tj ET Q q 0 0 0 rg BT 283.28 53.45 Td (needs. ) Tj ET Q q 0 0 0 rg BT 312.70 53.45 Td (T) Tj ET Q q 0 0 0 rg BT 317.20 53.45 Td (o ) Tj ET Q q 0 0 0 rg BT 324.76 53.45 Td (do ) Tj ET Q q 0 0 0 rg BT 337.33 53.45 Td (so, ) Tj ET Q q 0 0 0 rg BT 351.89 53.45 Td (we ) Tj ET Q q 0 0 0 rg BT 365.95 53.45 Td (must ) Tj ET Q q 0 0 0 rg BT 388.01 53.45 Td (adapt ) Tj ET Q q 0 0 0 rg BT 413.09 53.45 Td (our ) Tj ET Q q 0 0 0 rg BT 428.65 53.45 Td (services ) Tj ET Q q 0 0 0 rg BT 464.22 53.45 Td (and ) Tj ET Q q 0 0 0 rg BT 481.79 53.45 Td (our ) Tj ET Q q 0 0 0 rg BT 497.35 53.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 535.43 53.45 Td (so ) Tj ET Q q 0 0 0 rg BT 547.49 53.45 Td (that ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (59) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (we ) Tj ET Q q 0 0 0 rg BT 86.42 708.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 123.36 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 141.29 708.95 Td (improve ) Tj ET Q q 0 0 0 rg BT 176.22 708.95 Td (our ) Tj ET Q q 0 0 0 rg BT 192.15 708.95 Td (competitive ) Tj ET Q q 0 0 0 rg BT 240.58 708.95 Td (advantage ) Tj ET Q q 0 0 0 rg BT 285.54 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 303.47 708.95 Td (remain ) Tj ET Q q 0 0 0 rg BT 333.90 708.95 Td (able ) Tj ET Q q 0 0 0 rg BT 353.83 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 364.26 708.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 396.69 708.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 416.12 708.95 Td (ef) Tj ET Q q 0 0 0 rg BT 423.46 708.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 452.39 708.95 Td (services ) Tj ET Q q 0 0 0 rg BT 488.32 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 506.25 708.95 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 547.00 708.95 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 106.86 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 116.72 695.45 Td (which ) Tj ET Q q 0 0 0 rg BT 142.59 695.45 Td (we ) Tj ET Q q 0 0 0 rg BT 156.95 695.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 190.33 695.45 Td (are ) Tj ET Q q 0 0 0 rg BT 206.19 695.45 Td (extremely ) Tj ET Q q 0 0 0 rg BT 248.06 695.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 296.43 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 314.31 695.45 Td (there ) Tj ET Q q 0 0 0 rg BT 337.68 695.45 Td (can ) Tj ET Q q 0 0 0 rg BT 355.04 695.45 Td (be ) Tj ET Q q 0 0 0 rg BT 367.91 695.45 Td (no ) Tj ET Q q 0 0 0 rg BT 380.78 695.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 425.16 695.45 Td (that ) Tj ET Q q 0 0 0 rg BT 443.02 695.45 Td (we ) Tj ET Q q 0 0 0 rg BT 457.38 695.45 Td (will ) Tj ET Q q 0 0 0 rg BT 472.74 695.45 Td (succeed ) Tj ET Q q 0 0 0 rg BT 509.12 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 518.98 695.45 Td (developing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 681.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.92 681.95 Td (adapting ) Tj ET Q q 0 0 0 rg BT 127.36 681.95 Td (our ) Tj ET Q q 0 0 0 rg BT 143.27 681.95 Td (business ) Tj ET Q q 0 0 0 rg BT 181.70 681.95 Td (in ) Tj ET Q q 0 0 0 rg BT 191.61 681.95 Td (a ) Tj ET Q q 0 0 0 rg BT 199.52 681.95 Td (timely ) Tj ET Q q 0 0 0 rg BT 225.93 681.95 Td (manner ) Tj ET Q q 0 0 0 rg BT 259.35 681.95 Td (nor ) Tj ET Q q 0 0 0 rg BT 275.26 681.95 Td (that ) Tj ET Q q 0 0 0 rg BT 293.18 681.95 Td (we ) Tj ET Q q 0 0 0 rg BT 307.59 681.95 Td (will ) Tj ET Q q 0 0 0 rg BT 323.00 681.95 Td (be ) Tj ET Q q 0 0 0 rg BT 335.91 681.95 Td (able ) Tj ET Q q 0 0 0 rg BT 355.83 681.95 Td (to ) Tj ET Q q 0 0 0 rg BT 366.25 681.95 Td (penetrate ) Tj ET Q q 0 0 0 rg BT 407.18 681.95 Td (new ) Tj ET Q q 0 0 0 rg BT 426.60 681.95 Td (markets ) Tj ET Q q 0 0 0 rg BT 461.51 681.95 Td (successfully) Tj ET Q q 0 0 0 rg BT 509.36 681.95 Td (. ) Tj ET Q q 0 0 0 rg BT 514.76 681.95 Td (If ) Tj ET Q q 0 0 0 rg BT 522.67 681.95 Td (we ) Tj ET Q q 0 0 0 rg BT 537.08 681.95 Td (do ) Tj ET Q q 0 0 0 rg BT 550.00 681.95 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 668.45 Td (keep ) Tj ET Q q 0 0 0 rg BT 93.77 668.45 Td (pace, ) Tj ET Q q 0 0 0 rg BT 118.04 668.45 Td (our ) Tj ET Q q 0 0 0 rg BT 133.30 668.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 158.57 668.45 Td (to ) Tj ET Q q 0 0 0 rg BT 168.33 668.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 193.09 668.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 225.86 668.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 253.63 668.45 Td (and ) Tj ET Q q 0 0 0 rg BT 270.90 668.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 290.17 668.45 Td (new ) Tj ET Q q 0 0 0 rg BT 308.93 668.45 Td (business ) Tj ET Q q 0 0 0 rg BT 346.71 668.45 Td (may ) Tj ET Q q 0 0 0 rg BT 365.96 668.45 Td (be ) Tj ET Q q 0 0 0 rg BT 378.23 668.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 419.00 668.45 Td (af) Tj ET Q q 0 0 0 rg BT 426.34 668.45 Td (fected. ) Tj ET Q q 0 0 0 rg BT 455.47 668.45 Td (This ) Tj ET Q q 0 0 0 rg BT 474.72 668.45 Td (may ) Tj ET Q q 0 0 0 rg BT 493.98 668.45 Td (result ) Tj ET Q q 0 0 0 rg BT 518.24 668.45 Td (in ) Tj ET Q q 0 0 0 rg BT 527.50 668.45 Td (pressure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 654.95 Td (on ) Tj ET Q q 0 0 0 rg BT 84.51 654.95 Td (our ) Tj ET Q q 0 0 0 rg BT 100.02 654.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 137.54 654.95 Td (net ) Tj ET Q q 0 0 0 rg BT 152.56 654.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 189.58 654.95 Td (and ) Tj ET Q q 0 0 0 rg BT 207.10 654.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 243.62 654.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.13 654.95 Td (flow ) Tj ET Q q 0 0 0 rg BT 283.63 654.95 Td (from ) Tj ET Q q 0 0 0 rg BT 304.13 654.95 Td (operations.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 631.166796875 m 279.11865234375 631.166796875 l s q 0 0 0 rg BT 72.00 632.45 Td (Infringing ) Tj ET Q q 0 0 0 rg BT 111.52 632.45 Td (on ) Tj ET Q q 0 0 0 rg BT 124.04 632.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.05 632.45 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 184.07 632.45 Td (property ) Tj ET Q q 0 0 0 rg BT 219.59 632.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 244.10 632.45 Td (of ) Tj ET Q q 0 0 0 rg BT 254.10 632.45 Td (others) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 612.95 Td (Despite ) Tj ET Q q 0 0 0 rg BT 105.59 612.95 Td (our ) Tj ET Q q 0 0 0 rg BT 121.68 612.95 Td (ef) Tj ET Q q 0 0 0 rg BT 129.02 612.95 Td (forts, ) Tj ET Q q 0 0 0 rg BT 152.10 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 167.69 612.95 Td (steps ) Tj ET Q q 0 0 0 rg BT 192.28 612.95 Td (we ) Tj ET Q q 0 0 0 rg BT 206.87 612.95 Td (take ) Tj ET Q q 0 0 0 rg BT 226.96 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 237.54 612.95 Td (ensure ) Tj ET Q q 0 0 0 rg BT 268.14 612.95 Td (that ) Tj ET Q q 0 0 0 rg BT 286.23 612.95 Td (our ) Tj ET Q q 0 0 0 rg BT 302.31 612.95 Td (services ) Tj ET Q q 0 0 0 rg BT 338.40 612.95 Td (and ) Tj ET Q q 0 0 0 rg BT 356.49 612.95 Td (of) Tj ET Q q 0 0 0 rg BT 363.84 612.95 Td (ferings ) Tj ET Q q 0 0 0 rg BT 393.93 612.95 Td (do ) Tj ET Q q 0 0 0 rg BT 407.02 612.95 Td (not ) Tj ET Q q 0 0 0 rg BT 422.60 612.95 Td (infringe ) Tj ET Q q 0 0 0 rg BT 455.20 612.95 Td (on ) Tj ET Q q 0 0 0 rg BT 468.29 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 483.88 612.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 529.48 612.95 Td (property ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 599.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 96.25 599.45 Td (of ) Tj ET Q q 0 0 0 rg BT 105.99 599.45 Td (third ) Tj ET Q q 0 0 0 rg BT 125.74 599.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 154.99 599.45 Td (may ) Tj ET Q q 0 0 0 rg BT 174.23 599.45 Td (not ) Tj ET Q q 0 0 0 rg BT 188.98 599.45 Td (be ) Tj ET Q q 0 0 0 rg BT 201.23 599.45 Td (adequate ) Tj ET Q q 0 0 0 rg BT 241.01 599.45 Td (to ) Tj ET Q q 0 0 0 rg BT 250.76 599.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 283.01 599.45 Td (infringement ) Tj ET Q q 0 0 0 rg BT 334.78 599.45 Td (and, ) Tj ET Q q 0 0 0 rg BT 354.54 599.45 Td (as ) Tj ET Q q 0 0 0 rg BT 366.28 599.45 Td (a ) Tj ET Q q 0 0 0 rg BT 373.53 599.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 400.27 599.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 428.01 599.45 Td (may ) Tj ET Q q 0 0 0 rg BT 447.26 599.45 Td (be ) Tj ET Q q 0 0 0 rg BT 459.51 599.45 Td (asserted ) Tj ET Q q 0 0 0 rg BT 496.26 599.45 Td (against ) Tj ET Q q 0 0 0 rg BT 527.52 599.45 Td (us ) Tj ET Q q 0 0 0 rg BT 539.27 599.45 Td (or ) Tj ET Q q 0 0 0 rg BT 549.51 599.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 585.95 Td (clients. ) Tj ET Q q 0 0 0 rg BT 101.71 585.95 Td (W) Tj ET Q q 0 0 0 rg BT 110.04 585.95 Td (e ) Tj ET Q q 0 0 0 rg BT 116.75 585.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 138.96 585.95 Td (into ) Tj ET Q q 0 0 0 rg BT 155.17 585.95 Td (licensing ) Tj ET Q q 0 0 0 rg BT 191.89 585.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 241.12 585.95 Td (for ) Tj ET Q q 0 0 0 rg BT 253.32 585.95 Td (the ) Tj ET Q q 0 0 0 rg BT 267.53 585.95 Td (right ) Tj ET Q q 0 0 0 rg BT 286.74 585.95 Td (to ) Tj ET Q q 0 0 0 rg BT 295.94 585.95 Td (use ) Tj ET Q q 0 0 0 rg BT 312.15 585.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 356.38 585.95 Td (property ) Tj ET Q q 0 0 0 rg BT 391.10 585.95 Td (and ) Tj ET Q q 0 0 0 rg BT 407.81 585.95 Td (may ) Tj ET Q q 0 0 0 rg BT 426.51 585.95 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 466.73 585.95 Td (of) Tj ET Q q 0 0 0 rg BT 474.08 585.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 486.28 585.95 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 533.50 585.95 Td (against ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.45 Td (liability ) Tj ET Q q 0 0 0 rg BT 101.35 572.45 Td (and ) Tj ET Q q 0 0 0 rg BT 118.71 572.45 Td (damages ) Tj ET Q q 0 0 0 rg BT 158.07 572.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 186.92 572.45 Td (from ) Tj ET Q q 0 0 0 rg BT 207.26 572.45 Td (third-party ) Tj ET Q q 0 0 0 rg BT 250.12 572.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 277.96 572.45 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 572.45 Td (patent, ) Tj ET Q q 0 0 0 rg BT 317.67 572.45 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 359.03 572.45 Td (trademark ) Tj ET Q q 0 0 0 rg BT 401.88 572.45 Td (or ) Tj ET Q q 0 0 0 rg BT 412.22 572.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 435.08 572.45 Td (secret ) Tj ET Q q 0 0 0 rg BT 461.93 572.45 Td (infringement ) Tj ET Q q 0 0 0 rg BT 513.79 572.45 Td (in ) Tj ET Q q 0 0 0 rg BT 523.14 572.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.99 572.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 558.95 Td (our ) Tj ET Q q 0 0 0 rg BT 87.34 558.95 Td (own ) Tj ET Q q 0 0 0 rg BT 106.17 558.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 151.03 558.95 Td (property ) Tj ET Q q 0 0 0 rg BT 186.37 558.95 Td (or ) Tj ET Q q 0 0 0 rg BT 196.70 558.95 Td (software ) Tj ET Q q 0 0 0 rg BT 233.04 558.95 Td (or ) Tj ET Q q 0 0 0 rg BT 243.38 558.95 Td (other ) Tj ET Q q 0 0 0 rg BT 266.22 558.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 304.07 558.95 Td (developed ) Tj ET Q q 0 0 0 rg BT 347.93 558.95 Td (for ) Tj ET Q q 0 0 0 rg BT 360.76 558.95 Td (our ) Tj ET Q q 0 0 0 rg BT 376.10 558.95 Td (clients. ) Tj ET Q q 0 0 0 rg BT 406.44 558.95 Td (In ) Tj ET Q q 0 0 0 rg BT 416.27 558.95 Td (some ) Tj ET Q q 0 0 0 rg BT 440.61 558.95 Td (instances, ) Tj ET Q q 0 0 0 rg BT 483.46 558.95 Td (the ) Tj ET Q q 0 0 0 rg BT 498.30 558.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 530.64 558.95 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 558.95 Td (these ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 545.45 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 113.68 545.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 142.35 545.45 Td (could ) Tj ET Q q 0 0 0 rg BT 167.03 545.45 Td (be ) Tj ET Q q 0 0 0 rg BT 180.20 545.45 Td (greater ) Tj ET Q q 0 0 0 rg BT 211.88 545.45 Td (than ) Tj ET Q q 0 0 0 rg BT 232.56 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 248.23 545.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 283.92 545.45 Td (we ) Tj ET Q q 0 0 0 rg BT 298.59 545.45 Td (receive ) Tj ET Q q 0 0 0 rg BT 330.77 545.45 Td (from ) Tj ET Q q 0 0 0 rg BT 351.93 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 367.61 545.45 Td (client ) Tj ET Q q 0 0 0 rg BT 391.78 545.45 Td (\(see ) Tj ET Q q 0 0 0 rg BT 412.45 545.45 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 460.65 545.45 Td (risk\). ) Tj ET Q q 0 0 0 rg BT 483.31 545.45 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 529.50 545.45 Td (property ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 531.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 100.83 531.95 Td (or ) Tj ET Q q 0 0 0 rg BT 112.16 531.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 148.51 531.95 Td (could ) Tj ET Q q 0 0 0 rg BT 173.36 531.95 Td (be ) Tj ET Q q 0 0 0 rg BT 186.70 531.95 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 253.55 531.95 Td (and ) Tj ET Q q 0 0 0 rg BT 271.90 531.95 Td (costly) Tj ET Q q 0 0 0 rg BT 294.23 531.95 Td (, ) Tj ET Q q 0 0 0 rg BT 300.06 531.95 Td (harm ) Tj ET Q q 0 0 0 rg BT 323.90 531.95 Td (our ) Tj ET Q q 0 0 0 rg BT 340.24 531.95 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 386.10 531.95 Td (require ) Tj ET Q q 0 0 0 rg BT 417.44 531.95 Td (us ) Tj ET Q q 0 0 0 rg BT 430.28 531.95 Td (to ) Tj ET Q q 0 0 0 rg BT 441.11 531.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 464.95 531.95 Td (into ) Tj ET Q q 0 0 0 rg BT 482.79 531.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 524.66 531.95 Td (royalty ) Tj ET Q q 0 0 0 rg BT 554.49 531.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 518.45 Td (licensing ) Tj ET Q q 0 0 0 rg BT 109.88 518.45 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 170.77 518.45 Td (or ) Tj ET Q q 0 0 0 rg BT 181.63 518.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 214.51 518.45 Td (us ) Tj ET Q q 0 0 0 rg BT 226.88 518.45 Td (from ) Tj ET Q q 0 0 0 rg BT 247.74 518.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 287.13 518.45 Td (some ) Tj ET Q q 0 0 0 rg BT 311.99 518.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 350.38 518.45 Td (or ) Tj ET Q q 0 0 0 rg BT 361.24 518.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 399.04 518.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 417.41 518.45 Td (limitation ) Tj ET Q q 0 0 0 rg BT 455.78 518.45 Td (on ) Tj ET Q q 0 0 0 rg BT 468.65 518.45 Td (our ) Tj ET Q q 0 0 0 rg BT 484.52 518.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 510.39 518.45 Td (to ) Tj ET Q q 0 0 0 rg BT 520.76 518.45 Td (sell ) Tj ET Q q 0 0 0 rg BT 537.12 518.45 Td (or ) Tj ET Q q 0 0 0 rg BT 547.99 518.45 Td (use ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 504.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 109.73 504.95 Td (or ) Tj ET Q q 0 0 0 rg BT 119.95 504.95 Td (services ) Tj ET Q q 0 0 0 rg BT 155.17 504.95 Td (that ) Tj ET Q q 0 0 0 rg BT 172.39 504.95 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 219.63 504.95 Td (software ) Tj ET Q q 0 0 0 rg BT 255.86 504.95 Td (or ) Tj ET Q q 0 0 0 rg BT 266.07 504.95 Td (technologies ) Tj ET Q q 0 0 0 rg BT 318.82 504.95 Td (that ) Tj ET Q q 0 0 0 rg BT 336.05 504.95 Td (are ) Tj ET Q q 0 0 0 rg BT 351.27 504.95 Td (the ) Tj ET Q q 0 0 0 rg BT 365.99 504.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 396.72 504.95 Td (of ) Tj ET Q q 0 0 0 rg BT 406.44 504.95 Td (a ) Tj ET Q q 0 0 0 rg BT 413.65 504.95 Td (claim ) Tj ET Q q 0 0 0 rg BT 436.87 504.95 Td (could ) Tj ET Q q 0 0 0 rg BT 460.60 504.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 486.82 504.95 Td (us ) Tj ET Q q 0 0 0 rg BT 498.54 504.95 Td (to ) Tj ET Q q 0 0 0 rg BT 508.26 504.95 Td (lose ) Tj ET Q q 0 0 0 rg BT 526.98 504.95 Td (revenue-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 491.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 117.04 491.45 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 171.07 491.45 Td (or ) Tj ET Q q 0 0 0 rg BT 181.57 491.45 Td (require ) Tj ET Q q 0 0 0 rg BT 212.09 491.45 Td (us ) Tj ET Q q 0 0 0 rg BT 224.09 491.45 Td (to ) Tj ET Q q 0 0 0 rg BT 234.10 491.45 Td (incur ) Tj ET Q q 0 0 0 rg BT 256.11 491.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 297.14 491.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 338.17 491.45 Td (to ) Tj ET Q q 0 0 0 rg BT 348.17 491.45 Td (modify ) Tj ET Q q 0 0 0 rg BT 377.18 491.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 415.20 491.45 Td (for ) Tj ET Q q 0 0 0 rg BT 428.21 491.45 Td (future ) Tj ET Q q 0 0 0 rg BT 453.72 491.45 Td (projects.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 467.666796875 m 233.08154296875 467.666796875 l s q 0 0 0 rg BT 72.00 468.95 Td (Protecting ) Tj ET Q q 0 0 0 rg BT 115.02 468.95 Td (our ) Tj ET Q q 0 0 0 rg BT 130.53 468.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 175.56 468.95 Td (property ) Tj ET Q q 0 0 0 rg BT 211.07 468.95 Td (rights) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 449.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 88.99 449.45 Td (success ) Tj ET Q q 0 0 0 rg BT 123.48 449.45 Td (depends, ) Tj ET Q q 0 0 0 rg BT 162.50 449.45 Td (in ) Tj ET Q q 0 0 0 rg BT 171.49 449.45 Td (part, ) Tj ET Q q 0 0 0 rg BT 191.48 449.45 Td (on ) Tj ET Q q 0 0 0 rg BT 203.47 449.45 Td (our ) Tj ET Q q 0 0 0 rg BT 218.47 449.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.46 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 252.95 449.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 282.45 449.45 Td (our ) Tj ET Q q 0 0 0 rg BT 297.44 449.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 342.44 449.45 Td (methodologies, ) Tj ET Q q 0 0 0 rg BT 405.46 449.45 Td (processes, ) Tj ET Q q 0 0 0 rg BT 450.97 449.45 Td (know-how) Tj ET Q q 0 0 0 rg BT 490.99 449.45 Td (, ) Tj ET Q q 0 0 0 rg BT 495.47 449.45 Td (tools, ) Tj ET Q q 0 0 0 rg BT 518.97 449.45 Td (techniques ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 435.95 Td (and ) Tj ET Q q 0 0 0 rg BT 90.60 435.95 Td (other ) Tj ET Q q 0 0 0 rg BT 114.70 435.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 160.81 435.95 Td (property ) Tj ET Q q 0 0 0 rg BT 197.42 435.95 Td (that ) Tj ET Q q 0 0 0 rg BT 216.01 435.95 Td (we ) Tj ET Q q 0 0 0 rg BT 231.10 435.95 Td (use ) Tj ET Q q 0 0 0 rg BT 249.20 435.95 Td (to ) Tj ET Q q 0 0 0 rg BT 260.29 435.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 293.40 435.95 Td (our ) Tj ET Q q 0 0 0 rg BT 309.99 435.95 Td (services. ) Tj ET Q q 0 0 0 rg BT 348.37 435.95 Td (Although ) Tj ET Q q 0 0 0 rg BT 387.49 435.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 407.07 435.95 Td (takes ) Tj ET Q q 0 0 0 rg BT 432.17 435.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 480.29 435.95 Td (steps ) Tj ET Q q 0 0 0 rg BT 505.39 435.95 Td (\(e.g. ) Tj ET Q q 0 0 0 rg BT 526.98 435.95 Td (available ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 422.45 Td (copyright ) Tj ET Q q 0 0 0 rg BT 111.20 422.45 Td (protection ) Tj ET Q q 0 0 0 rg BT 153.40 422.45 Td (and, ) Tj ET Q q 0 0 0 rg BT 173.60 422.45 Td (in ) Tj ET Q q 0 0 0 rg BT 183.29 422.45 Td (some ) Tj ET Q q 0 0 0 rg BT 207.97 422.45 Td (cases, ) Tj ET Q q 0 0 0 rg BT 236.66 422.45 Td (patent ) Tj ET Q q 0 0 0 rg BT 264.37 422.45 Td (protection\) ) Tj ET Q q 0 0 0 rg BT 309.57 422.45 Td (to ) Tj ET Q q 0 0 0 rg BT 319.75 422.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 349.95 422.45 Td (and ) Tj ET Q q 0 0 0 rg BT 367.65 422.45 Td (enforce ) Tj ET Q q 0 0 0 rg BT 400.34 422.45 Td (its ) Tj ET Q q 0 0 0 rg BT 412.02 422.45 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 457.23 422.45 Td (property ) Tj ET Q q 0 0 0 rg BT 492.93 422.45 Td (rights, ) Tj ET Q q 0 0 0 rg BT 520.12 422.45 Td (there ) Tj ET Q q 0 0 0 rg BT 543.31 422.45 Td (is ) Tj ET Q q 0 0 0 rg BT 552.49 422.45 Td (no ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 408.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 116.39 408.95 Td (that ) Tj ET Q q 0 0 0 rg BT 134.26 408.95 Td (such ) Tj ET Q q 0 0 0 rg BT 156.14 408.95 Td (measures ) Tj ET Q q 0 0 0 rg BT 198.52 408.95 Td (will ) Tj ET Q q 0 0 0 rg BT 213.88 408.95 Td (be ) Tj ET Q q 0 0 0 rg BT 226.76 408.95 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 276.66 408.95 Td (or ) Tj ET Q q 0 0 0 rg BT 287.52 408.95 Td (adequate. ) Tj ET Q q 0 0 0 rg BT 330.24 408.95 Td (The ) Tj ET Q q 0 0 0 rg BT 348.61 408.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 367.98 408.95 Td (of ) Tj ET Q q 0 0 0 rg BT 378.35 408.95 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 418.24 408.95 Td (our ) Tj ET Q q 0 0 0 rg BT 434.11 408.95 Td (rights ) Tj ET Q q 0 0 0 rg BT 458.98 408.95 Td (can ) Tj ET Q q 0 0 0 rg BT 476.36 408.95 Td (be ) Tj ET Q q 0 0 0 rg BT 489.23 408.95 Td (substantial ) Tj ET Q q 0 0 0 rg BT 535.13 408.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 555.51 408.95 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 395.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 101.41 395.45 Td (cases, ) Tj ET Q q 0 0 0 rg BT 129.82 395.45 Td (may ) Tj ET Q q 0 0 0 rg BT 149.22 395.45 Td (prove ) Tj ET Q q 0 0 0 rg BT 174.13 395.45 Td (to ) Tj ET Q q 0 0 0 rg BT 184.03 395.45 Td (be ) Tj ET Q q 0 0 0 rg BT 196.44 395.45 Td (uneconomic. ) Tj ET Q q 0 0 0 rg BT 249.86 395.45 Td (In ) Tj ET Q q 0 0 0 rg BT 259.76 395.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 296.19 395.45 Td (the ) Tj ET Q q 0 0 0 rg BT 311.09 395.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 331.50 395.45 Td (of ) Tj ET Q q 0 0 0 rg BT 341.40 395.45 Td (some ) Tj ET Q q 0 0 0 rg BT 365.80 395.45 Td (countries ) Tj ET Q q 0 0 0 rg BT 404.72 395.45 Td (in ) Tj ET Q q 0 0 0 rg BT 414.12 395.45 Td (which ) Tj ET Q q 0 0 0 rg BT 439.52 395.45 Td (we ) Tj ET Q q 0 0 0 rg BT 453.43 395.45 Td (conduct ) Tj ET Q q 0 0 0 rg BT 487.34 395.45 Td (business ) Tj ET Q q 0 0 0 rg BT 525.26 395.45 Td (may ) Tj ET Q q 0 0 0 rg BT 544.66 395.45 Td (of) Tj ET Q q 0 0 0 rg BT 552.00 395.45 Td (fer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 381.95 Td (only ) Tj ET Q q 0 0 0 rg BT 90.92 381.95 Td (limited ) Tj ET Q q 0 0 0 rg BT 119.33 381.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 164.27 381.95 Td (property ) Tj ET Q q 0 0 0 rg BT 199.69 381.95 Td (rights ) Tj ET Q q 0 0 0 rg BT 224.11 381.95 Td (protection. ) Tj ET Q q 0 0 0 rg BT 268.54 381.95 Td (Despite ) Tj ET Q q 0 0 0 rg BT 301.46 381.95 Td (our ) Tj ET Q q 0 0 0 rg BT 316.88 381.95 Td (ef) Tj ET Q q 0 0 0 rg BT 324.22 381.95 Td (forts, ) Tj ET Q q 0 0 0 rg BT 346.63 381.95 Td (the ) Tj ET Q q 0 0 0 rg BT 361.55 381.95 Td (steps ) Tj ET Q q 0 0 0 rg BT 385.47 381.95 Td (taken ) Tj ET Q q 0 0 0 rg BT 409.89 381.95 Td (to ) Tj ET Q q 0 0 0 rg BT 419.81 381.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 449.73 381.95 Td (our ) Tj ET Q q 0 0 0 rg BT 465.15 381.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 510.08 381.95 Td (property ) Tj ET Q q 0 0 0 rg BT 545.50 381.95 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 368.45 Td (not ) Tj ET Q q 0 0 0 rg BT 87.24 368.45 Td (be ) Tj ET Q q 0 0 0 rg BT 99.98 368.45 Td (adequate ) Tj ET Q q 0 0 0 rg BT 140.25 368.45 Td (to ) Tj ET Q q 0 0 0 rg BT 150.49 368.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 183.24 368.45 Td (or ) Tj ET Q q 0 0 0 rg BT 193.98 368.45 Td (deter ) Tj ET Q q 0 0 0 rg BT 217.22 368.45 Td (infringement ) Tj ET Q q 0 0 0 rg BT 269.48 368.45 Td (or ) Tj ET Q q 0 0 0 rg BT 280.21 368.45 Td (other ) Tj ET Q q 0 0 0 rg BT 303.46 368.45 Td (misappropriation ) Tj ET Q q 0 0 0 rg BT 372.72 368.45 Td (of ) Tj ET Q q 0 0 0 rg BT 382.96 368.45 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 428.22 368.45 Td (property) Tj ET Q q 0 0 0 rg BT 460.57 368.45 Td (, ) Tj ET Q q 0 0 0 rg BT 465.80 368.45 Td (and ) Tj ET Q q 0 0 0 rg BT 483.54 368.45 Td (we ) Tj ET Q q 0 0 0 rg BT 497.78 368.45 Td (may ) Tj ET Q q 0 0 0 rg BT 517.52 368.45 Td (not ) Tj ET Q q 0 0 0 rg BT 532.76 368.45 Td (be ) Tj ET Q q 0 0 0 rg BT 545.50 368.45 Td (able ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 354.95 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 354.95 Td (detect ) Tj ET Q q 0 0 0 rg BT 109.02 354.95 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 163.56 354.95 Td (use ) Tj ET Q q 0 0 0 rg BT 180.58 354.95 Td (of ) Tj ET Q q 0 0 0 rg BT 190.58 354.95 Td (our ) Tj ET Q q 0 0 0 rg BT 206.09 354.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 251.12 354.95 Td (property) Tj ET Q q 0 0 0 rg BT 283.46 354.95 Td (, ) Tj ET Q q 0 0 0 rg BT 288.47 354.95 Td (or ) Tj ET Q q 0 0 0 rg BT 298.97 354.95 Td (take ) Tj ET Q q 0 0 0 rg BT 318.48 354.95 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 366.51 354.95 Td (steps ) Tj ET Q q 0 0 0 rg BT 390.52 354.95 Td (to ) Tj ET Q q 0 0 0 rg BT 400.53 354.95 Td (enforce ) Tj ET Q q 0 0 0 rg BT 433.05 354.95 Td (our ) Tj ET Q q 0 0 0 rg BT 448.56 354.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 493.58 354.95 Td (property ) Tj ET Q q 0 0 0 rg BT 529.10 354.95 Td (rights.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 331.166796875 m 266.58544921875 331.166796875 l s q 0 0 0 rg BT 72.00 332.45 Td (Benchmarking ) Tj ET Q q 0 0 0 rg BT 132.03 332.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 175.05 332.45 Td (within ) Tj ET Q q 0 0 0 rg BT 200.56 332.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.07 332.45 Td (contracts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.95 Td (Some ) Tj ET Q q 0 0 0 rg BT 97.18 312.95 Td (of ) Tj ET Q q 0 0 0 rg BT 106.36 312.95 Td (our ) Tj ET Q q 0 0 0 rg BT 121.04 312.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 160.25 312.95 Td (IT) Tj ET Q q 0 0 0 rg BT 168.08 312.95 Td ( ) Tj ET Q q 0 0 0 rg BT 169.75 312.95 Td (and ) Tj ET Q q 0 0 0 rg BT 186.44 312.95 Td (business ) Tj ET Q q 0 0 0 rg BT 223.64 312.95 Td (process ) Tj ET Q q 0 0 0 rg BT 256.82 312.95 Td (services ) Tj ET Q q 0 0 0 rg BT 291.50 312.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 329.69 312.95 Td (contain ) Tj ET Q q 0 0 0 rg BT 360.38 312.95 Td (clauses ) Tj ET Q q 0 0 0 rg BT 392.57 312.95 Td (allowing ) Tj ET Q q 0 0 0 rg BT 426.76 312.95 Td (our ) Tj ET Q q 0 0 0 rg BT 441.45 312.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 468.63 312.95 Td (to ) Tj ET Q q 0 0 0 rg BT 477.81 312.95 Td (externally ) Tj ET Q q 0 0 0 rg BT 518.00 312.95 Td (benchmark ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 299.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.93 299.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 115.87 299.45 Td (of ) Tj ET Q q 0 0 0 rg BT 125.80 299.45 Td (agreed ) Tj ET Q q 0 0 0 rg BT 156.25 299.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 178.69 299.45 Td (services ) Tj ET Q q 0 0 0 rg BT 214.12 299.45 Td (against ) Tj ET Q q 0 0 0 rg BT 245.57 299.45 Td (those ) Tj ET Q q 0 0 0 rg BT 270.01 299.45 Td (of) Tj ET Q q 0 0 0 rg BT 277.35 299.45 Td (fered ) Tj ET Q q 0 0 0 rg BT 300.29 299.45 Td (by ) Tj ET Q q 0 0 0 rg BT 312.22 299.45 Td (other ) Tj ET Q q 0 0 0 rg BT 335.15 299.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 374.59 299.45 Td (in ) Tj ET Q q 0 0 0 rg BT 384.02 299.45 Td (a ) Tj ET Q q 0 0 0 rg BT 391.45 299.45 Td (peer ) Tj ET Q q 0 0 0 rg BT 411.88 299.45 Td (comparison ) Tj ET Q q 0 0 0 rg BT 460.83 299.45 Td (group. ) Tj ET Q q 0 0 0 rg BT 488.61 299.45 Td (The ) Tj ET Q q 0 0 0 rg BT 506.55 299.45 Td (uniqueness ) Tj ET Q q 0 0 0 rg BT 555.01 299.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.14 285.95 Td (client ) Tj ET Q q 0 0 0 rg BT 110.77 285.95 Td (environment ) Tj ET Q q 0 0 0 rg BT 162.92 285.95 Td (should ) Tj ET Q q 0 0 0 rg BT 192.07 285.95 Td (be ) Tj ET Q q 0 0 0 rg BT 204.70 285.95 Td (factored ) Tj ET Q q 0 0 0 rg BT 239.85 285.95 Td (in ) Tj ET Q q 0 0 0 rg BT 249.48 285.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 269.62 285.95 Td (if ) Tj ET Q q 0 0 0 rg BT 276.75 285.95 Td (results ) Tj ET Q q 0 0 0 rg BT 305.88 285.95 Td (indicate ) Tj ET Q q 0 0 0 rg BT 339.52 285.95 Td (a ) Tj ET Q q 0 0 0 rg BT 347.15 285.95 Td (dif) Tj ET Q q 0 0 0 rg BT 356.50 285.95 Td (ference ) Tj ET Q q 0 0 0 rg BT 389.14 285.95 Td (outside ) Tj ET Q q 0 0 0 rg BT 420.79 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 435.92 285.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 466.57 285.95 Td (upon ) Tj ET Q q 0 0 0 rg BT 489.22 285.95 Td (tolerance, ) Tj ET Q q 0 0 0 rg BT 531.37 285.95 Td (we ) Tj ET Q q 0 0 0 rg BT 545.50 285.95 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 272.45 Td (be ) Tj ET Q q 0 0 0 rg BT 83.96 272.45 Td (required ) Tj ET Q q 0 0 0 rg BT 118.93 272.45 Td (to ) Tj ET Q q 0 0 0 rg BT 128.38 272.45 Td (work ) Tj ET Q q 0 0 0 rg BT 149.33 272.45 Td (with ) Tj ET Q q 0 0 0 rg BT 167.28 272.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 194.74 272.45 Td (to ) Tj ET Q q 0 0 0 rg BT 204.19 272.45 Td (reset ) Tj ET Q q 0 0 0 rg BT 226.15 272.45 Td (the ) Tj ET Q q 0 0 0 rg BT 240.60 272.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 269.06 272.45 Td (for ) Tj ET Q q 0 0 0 rg BT 281.51 272.45 Td (their ) Tj ET Q q 0 0 0 rg BT 300.97 272.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 338.30 272.45 Td (There ) Tj ET Q q 0 0 0 rg BT 363.76 272.45 Td (can ) Tj ET Q q 0 0 0 rg BT 380.21 272.45 Td (be ) Tj ET Q q 0 0 0 rg BT 392.17 272.45 Td (no ) Tj ET Q q 0 0 0 rg BT 404.13 272.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 447.60 272.45 Td (that ) Tj ET Q q 0 0 0 rg BT 464.56 272.45 Td (benchmarks ) Tj ET Q q 0 0 0 rg BT 515.53 272.45 Td (will ) Tj ET Q q 0 0 0 rg BT 529.97 272.45 Td (produce ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 258.95 Td (accurate ) Tj ET Q q 0 0 0 rg BT 108.94 258.95 Td (or ) Tj ET Q q 0 0 0 rg BT 119.35 258.95 Td (reliable ) Tj ET Q q 0 0 0 rg BT 150.79 258.95 Td (data, ) Tj ET Q q 0 0 0 rg BT 173.22 258.95 Td (including ) Tj ET Q q 0 0 0 rg BT 211.16 258.95 Td (pricing ) Tj ET Q q 0 0 0 rg BT 240.09 258.95 Td (data. ) Tj ET Q q 0 0 0 rg BT 262.37 258.95 Td (This ) Tj ET Q q 0 0 0 rg BT 281.78 258.95 Td (may ) Tj ET Q q 0 0 0 rg BT 301.20 258.95 Td (result ) Tj ET Q q 0 0 0 rg BT 325.63 258.95 Td (in ) Tj ET Q q 0 0 0 rg BT 335.05 258.95 Td (pressure ) Tj ET Q q 0 0 0 rg BT 372.48 258.95 Td (on ) Tj ET Q q 0 0 0 rg BT 384.91 258.95 Td (our ) Tj ET Q q 0 0 0 rg BT 400.33 258.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 437.77 258.95 Td (net ) Tj ET Q q 0 0 0 rg BT 452.70 258.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 489.64 258.95 Td (and ) Tj ET Q q 0 0 0 rg BT 507.07 258.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 543.50 258.95 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 245.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.51 245.45 Td (from ) Tj ET Q q 0 0 0 rg BT 111.01 245.45 Td (operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 211.95 Td (10.1.3. ) Tj ET Q q 0 0 0 rg BT 103.52 211.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 130.04 211.95 Td (Related ) Tj ET Q q 0 0 0 rg BT 165.05 211.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.05 211.95 Td (our ) Tj ET Q q 0 0 0 rg BT 193.04 211.95 Td (Business) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 188.16679687500005 m 237.568359375 188.16679687500005 l s q 0 0 0 rg BT 72.00 189.45 Td (Risks ) Tj ET Q q 0 0 0 rg BT 96.50 189.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 142.03 189.45 Td (with ) Tj ET Q q 0 0 0 rg BT 160.53 189.45 Td (our ) Tj ET Q q 0 0 0 rg BT 176.04 189.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 205.55 189.45 Td (strategy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 169.95 Td (CGI) Tj ET Q q 0 0 0 rg BT 89.84 169.95 Td (s ) Tj ET Q q 0 0 0 rg BT 96.39 169.95 Td (Build ) Tj ET Q q 0 0 0 rg BT 118.45 169.95 Td (and ) Tj ET Q q 0 0 0 rg BT 135.52 169.95 Td (Buy ) Tj ET Q q 0 0 0 rg BT 153.07 169.95 Td (strategy ) Tj ET Q q 0 0 0 rg BT 187.14 169.95 Td (is ) Tj ET Q q 0 0 0 rg BT 195.69 169.95 Td (founded ) Tj ET Q q 0 0 0 rg BT 230.27 169.95 Td (on ) Tj ET Q q 0 0 0 rg BT 242.33 169.95 Td (four ) Tj ET Q q 0 0 0 rg BT 259.89 169.95 Td (pillars ) Tj ET Q q 0 0 0 rg BT 285.44 169.95 Td (of ) Tj ET Q q 0 0 0 rg BT 295.00 169.95 Td (growth: ) Tj ET Q q 0 0 0 rg BT 326.56 169.95 Td (first, ) Tj ET Q q 0 0 0 rg BT 345.61 169.95 Td (organic ) Tj ET Q q 0 0 0 rg BT 377.18 169.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 406.24 169.95 Td (through ) Tj ET Q q 0 0 0 rg BT 438.82 169.95 Td (smaller ) Tj ET Q q 0 0 0 rg BT 469.87 169.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 503.93 169.95 Td (wins, ) Tj ET Q q 0 0 0 rg BT 526.49 169.95 Td (renewals ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 156.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.09 156.45 Td (extensions ) Tj ET Q q 0 0 0 rg BT 134.19 156.45 Td (in ) Tj ET Q q 0 0 0 rg BT 143.27 156.45 Td (the ) Tj ET Q q 0 0 0 rg BT 157.85 156.45 Td (areas ) Tj ET Q q 0 0 0 rg BT 182.44 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 192.02 156.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 231.62 156.45 Td (IT) Tj ET Q q 0 0 0 rg BT 239.46 156.45 Td ( ) Tj ET Q q 0 0 0 rg BT 241.53 156.45 Td (and ) Tj ET Q q 0 0 0 rg BT 258.62 156.45 Td (business ) Tj ET Q q 0 0 0 rg BT 296.21 156.45 Td (process ) Tj ET Q q 0 0 0 rg BT 329.80 156.45 Td (services ) Tj ET Q q 0 0 0 rg BT 364.88 156.45 Td (and ) Tj ET Q q 0 0 0 rg BT 381.97 156.45 Td (system ) Tj ET Q q 0 0 0 rg BT 412.54 156.45 Td (integration; ) Tj ET Q q 0 0 0 rg BT 459.15 156.45 Td (second, ) Tj ET Q q 0 0 0 rg BT 492.74 156.45 Td (the ) Tj ET Q q 0 0 0 rg BT 507.33 156.45 Td (pursuit ) Tj ET Q q 0 0 0 rg BT 536.41 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 545.99 156.45 Td (new ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 142.95 Td (large ) Tj ET Q q 0 0 0 rg BT 94.01 142.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 134.02 142.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 173.55 142.95 Td (IT) Tj ET Q q 0 0 0 rg BT 181.38 142.95 Td ( ) Tj ET Q q 0 0 0 rg BT 183.38 142.95 Td (and ) Tj ET Q q 0 0 0 rg BT 200.39 142.95 Td (business ) Tj ET Q q 0 0 0 rg BT 237.91 142.95 Td (process ) Tj ET Q q 0 0 0 rg BT 271.42 142.95 Td (services ) Tj ET Q q 0 0 0 rg BT 306.43 142.95 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 347.44 142.95 Td (third, ) Tj ET Q q 0 0 0 rg BT 369.45 142.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 418.47 142.95 Td (of ) Tj ET Q q 0 0 0 rg BT 427.97 142.95 Td (smaller ) Tj ET Q q 0 0 0 rg BT 458.97 142.95 Td (firms ) Tj ET Q q 0 0 0 rg BT 480.47 142.95 Td (or ) Tj ET Q q 0 0 0 rg BT 490.47 142.95 Td (niche ) Tj ET Q q 0 0 0 rg BT 513.98 142.95 Td (players; ) Tj ET Q q 0 0 0 rg BT 547.49 142.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 129.45 Td (fourth, ) Tj ET Q q 0 0 0 rg BT 100.02 129.45 Td (large ) Tj ET Q q 0 0 0 rg BT 122.53 129.45 Td (transformational ) Tj ET Q q 0 0 0 rg BT 189.56 129.45 Td (acquisitions.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 109.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.52 109.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.05 109.95 Td (to ) Tj ET Q q 0 0 0 rg BT 125.08 109.95 Td (achieve ) Tj ET Q q 0 0 0 rg BT 158.62 109.95 Td (organic ) Tj ET Q q 0 0 0 rg BT 190.65 109.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 220.19 109.95 Td (is ) Tj ET Q q 0 0 0 rg BT 229.20 109.95 Td (af) Tj ET Q q 0 0 0 rg BT 236.55 109.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 263.58 109.95 Td (by ) Tj ET Q q 0 0 0 rg BT 275.61 109.95 Td (a ) Tj ET Q q 0 0 0 rg BT 283.13 109.95 Td (number ) Tj ET Q q 0 0 0 rg BT 316.17 109.95 Td (of ) Tj ET Q q 0 0 0 rg BT 326.19 109.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 355.72 109.95 Td (outside ) Tj ET Q q 0 0 0 rg BT 387.26 109.95 Td (of ) Tj ET Q q 0 0 0 rg BT 397.28 109.95 Td (our ) Tj ET Q q 0 0 0 rg BT 412.81 109.95 Td (control, ) Tj ET Q q 0 0 0 rg BT 444.84 109.95 Td (including ) Tj ET Q q 0 0 0 rg BT 482.89 109.95 Td (a ) Tj ET Q q 0 0 0 rg BT 490.41 109.95 Td (lengthening ) Tj ET Q q 0 0 0 rg BT 539.47 109.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.50 109.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 96.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 95.51 96.45 Td (cycle ) Tj ET Q q 0 0 0 rg BT 118.52 96.45 Td (for ) Tj ET Q q 0 0 0 rg BT 131.52 96.45 Td (major ) Tj ET Q q 0 0 0 rg BT 156.52 96.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 196.55 96.45 Td (IT) Tj ET Q q 0 0 0 rg BT 204.39 96.45 Td ( ) Tj ET Q q 0 0 0 rg BT 206.89 96.45 Td (and ) Tj ET Q q 0 0 0 rg BT 224.41 96.45 Td (business ) Tj ET Q q 0 0 0 rg BT 262.43 96.45 Td (process ) Tj ET Q q 0 0 0 rg BT 296.44 96.45 Td (services ) Tj ET Q q 0 0 0 rg BT 331.95 96.45 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 76.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.71 76.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.42 76.95 Td (to ) Tj ET Q q 0 0 0 rg BT 125.63 76.95 Td (grow ) Tj ET Q q 0 0 0 rg BT 147.84 76.95 Td (through ) Tj ET Q q 0 0 0 rg BT 181.07 76.95 Td (niche ) Tj ET Q q 0 0 0 rg BT 205.28 76.95 Td (and ) Tj ET Q q 0 0 0 rg BT 223.00 76.95 Td (transformational ) Tj ET Q q 0 0 0 rg BT 290.24 76.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 339.97 76.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 375.18 76.95 Td (that ) Tj ET Q q 0 0 0 rg BT 392.90 76.95 Td (we ) Tj ET Q q 0 0 0 rg BT 407.11 76.95 Td (identify ) Tj ET Q q 0 0 0 rg BT 438.33 76.95 Td (suitable ) Tj ET Q q 0 0 0 rg BT 472.05 76.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 517.28 76.95 Td (targets ) Tj ET Q q 0 0 0 rg BT 547.50 76.95 Td (that ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 63.45 Td (we ) Tj ET Q q 0 0 0 rg BT 87.28 63.45 Td (correctly ) Tj ET Q q 0 0 0 rg BT 125.07 63.45 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 162.87 63.45 Td (their ) Tj ET Q q 0 0 0 rg BT 184.16 63.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 221.97 63.45 Td (as ) Tj ET Q q 0 0 0 rg BT 235.25 63.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 287.56 63.45 Td (that ) Tj ET Q q 0 0 0 rg BT 306.35 63.45 Td (will ) Tj ET Q q 0 0 0 rg BT 322.62 63.45 Td (meet ) Tj ET Q q 0 0 0 rg BT 346.41 63.45 Td (our ) Tj ET Q q 0 0 0 rg BT 363.20 63.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.00 63.45 Td (and ) Tj ET Q q 0 0 0 rg BT 418.79 63.45 Td (operational ) Tj ET Q q 0 0 0 rg BT 467.11 63.45 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 513.41 63.45 Td (and ) Tj ET Q q 0 0 0 rg BT 532.20 63.45 Td (that ) Tj ET Q q 0 0 0 rg BT 551.00 63.45 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 49.95 Td (successfully ) Tj ET Q q 0 0 0 rg BT 123.17 49.95 Td (integrate ) Tj ET Q q 0 0 0 rg BT 160.85 49.95 Td (them ) Tj ET Q q 0 0 0 rg BT 183.51 49.95 Td (into ) Tj ET Q q 0 0 0 rg BT 200.67 49.95 Td (our ) Tj ET Q q 0 0 0 rg BT 216.33 49.95 Td (business. ) Tj ET Q q 0 0 0 rg BT 256.84 49.95 Td (There ) Tj ET Q q 0 0 0 rg BT 283.00 49.95 Td (can, ) Tj ET Q q 0 0 0 rg BT 302.66 49.95 Td (however) Tj ET Q q 0 0 0 rg BT 336.19 49.95 Td (, ) Tj ET Q q 0 0 0 rg BT 341.34 49.95 Td (be ) Tj ET Q q 0 0 0 rg BT 354.00 49.95 Td (no ) Tj ET Q q 0 0 0 rg BT 366.67 49.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 410.84 49.95 Td (that ) Tj ET Q q 0 0 0 rg BT 428.51 49.95 Td (we ) Tj ET Q q 0 0 0 rg BT 442.67 49.95 Td (will ) Tj ET Q q 0 0 0 rg BT 457.82 49.95 Td (be ) Tj ET Q q 0 0 0 rg BT 470.48 49.95 Td (able ) Tj ET Q q 0 0 0 rg BT 490.15 49.95 Td (to ) Tj ET Q q 0 0 0 rg BT 500.31 49.95 Td (identify ) Tj ET Q q 0 0 0 rg BT 531.48 49.95 Td (suitable ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (60) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 116.68 708.95 Td (targets ) Tj ET Q q 0 0 0 rg BT 146.34 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 163.51 708.95 Td (consummate ) Tj ET Q q 0 0 0 rg BT 217.18 708.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.86 708.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 307.03 708.95 Td (that ) Tj ET Q q 0 0 0 rg BT 324.20 708.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 346.35 708.95 Td (our ) Tj ET Q q 0 0 0 rg BT 361.51 708.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 402.18 708.95 Td (thresholds, ) Tj ET Q q 0 0 0 rg BT 448.35 708.95 Td (or ) Tj ET Q q 0 0 0 rg BT 458.51 708.95 Td (that ) Tj ET Q q 0 0 0 rg BT 475.67 708.95 Td (future ) Tj ET Q q 0 0 0 rg BT 500.83 708.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 550.01 708.95 Td (will ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (be ) Tj ET Q q 0 0 0 rg BT 84.51 695.45 Td (successfully ) Tj ET Q q 0 0 0 rg BT 135.53 695.45 Td (integrated ) Tj ET Q q 0 0 0 rg BT 178.06 695.45 Td (into ) Tj ET Q q 0 0 0 rg BT 195.07 695.45 Td (our ) Tj ET Q q 0 0 0 rg BT 210.58 695.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.11 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 272.62 695.45 Td (yield ) Tj ET Q q 0 0 0 rg BT 293.63 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 695.45 Td (tangible ) Tj ET Q q 0 0 0 rg BT 342.67 695.45 Td (accretive ) Tj ET Q q 0 0 0 rg BT 381.19 695.45 Td (value ) Tj ET Q q 0 0 0 rg BT 405.20 695.45 Td (that ) Tj ET Q q 0 0 0 rg BT 422.71 695.45 Td (had ) Tj ET Q q 0 0 0 rg BT 440.23 695.45 Td (been ) Tj ET Q q 0 0 0 rg BT 462.75 695.45 Td (expected.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 675.95 Td (If ) Tj ET Q q 0 0 0 rg BT 79.36 675.95 Td (we ) Tj ET Q q 0 0 0 rg BT 93.23 675.95 Td (are ) Tj ET Q q 0 0 0 rg BT 108.59 675.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 137.98 675.95 Td (to ) Tj ET Q q 0 0 0 rg BT 147.85 675.95 Td (implement ) Tj ET Q q 0 0 0 rg BT 191.72 675.95 Td (our ) Tj ET Q q 0 0 0 rg BT 207.09 675.95 Td (Build ) Tj ET Q q 0 0 0 rg BT 229.46 675.95 Td (and ) Tj ET Q q 0 0 0 rg BT 246.84 675.95 Td (Buy ) Tj ET Q q 0 0 0 rg BT 264.70 675.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 296.05 675.95 Td (, ) Tj ET Q q 0 0 0 rg BT 300.91 675.95 Td (we ) Tj ET Q q 0 0 0 rg BT 314.78 675.95 Td (will ) Tj ET Q q 0 0 0 rg BT 329.63 675.95 Td (likely ) Tj ET Q q 0 0 0 rg BT 352.00 675.95 Td (be ) Tj ET Q q 0 0 0 rg BT 364.37 675.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 393.75 675.95 Td (to ) Tj ET Q q 0 0 0 rg BT 403.62 675.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 440.00 675.95 Td (our ) Tj ET Q q 0 0 0 rg BT 455.37 675.95 Td (historic ) Tj ET Q q 0 0 0 rg BT 486.23 675.95 Td (or ) Tj ET Q q 0 0 0 rg BT 496.60 675.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 535.48 675.95 Td (growth ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 662.45 Td (rates.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 638.666796875 m 202.05615234375 638.666796875 l s q 0 0 0 rg BT 72.00 639.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 639.95 Td (variability ) Tj ET Q q 0 0 0 rg BT 130.02 639.95 Td (of ) Tj ET Q q 0 0 0 rg BT 140.03 639.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.55 639.95 Td (results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 620.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 88.72 620.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 113.45 620.45 Td (to ) Tj ET Q q 0 0 0 rg BT 122.67 620.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 158.41 620.45 Td (and ) Tj ET Q q 0 0 0 rg BT 175.14 620.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 210.88 620.45 Td (our ) Tj ET Q q 0 0 0 rg BT 225.60 620.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 259.84 620.45 Td (is ) Tj ET Q q 0 0 0 rg BT 268.06 620.45 Td (af) Tj ET Q q 0 0 0 rg BT 275.41 620.45 Td (fected ) Tj ET Q q 0 0 0 rg BT 301.64 620.45 Td (not ) Tj ET Q q 0 0 0 rg BT 315.87 620.45 Td (only ) Tj ET Q q 0 0 0 rg BT 334.10 620.45 Td (by ) Tj ET Q q 0 0 0 rg BT 345.32 620.45 Td (our ) Tj ET Q q 0 0 0 rg BT 360.05 620.45 Td (success ) Tj ET Q q 0 0 0 rg BT 394.27 620.45 Td (in ) Tj ET Q q 0 0 0 rg BT 403.00 620.45 Td (implementing ) Tj ET Q q 0 0 0 rg BT 458.24 620.45 Td (our ) Tj ET Q q 0 0 0 rg BT 472.97 620.45 Td (Build ) Tj ET Q q 0 0 0 rg BT 494.70 620.45 Td (and ) Tj ET Q q 0 0 0 rg BT 511.43 620.45 Td (Buy ) Tj ET Q q 0 0 0 rg BT 528.66 620.45 Td (strategy) Tj ET Q q 0 0 0 rg BT 560.00 620.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 606.95 Td (but ) Tj ET Q q 0 0 0 rg BT 86.97 606.95 Td (also ) Tj ET Q q 0 0 0 rg BT 105.94 606.95 Td (by ) Tj ET Q q 0 0 0 rg BT 117.90 606.95 Td (a ) Tj ET Q q 0 0 0 rg BT 125.36 606.95 Td (number ) Tj ET Q q 0 0 0 rg BT 158.34 606.95 Td (of ) Tj ET Q q 0 0 0 rg BT 168.30 606.95 Td (other ) Tj ET Q q 0 0 0 rg BT 191.27 606.95 Td (factors, ) Tj ET Q q 0 0 0 rg BT 223.24 606.95 Td (which ) Tj ET Q q 0 0 0 rg BT 248.70 606.95 Td (could ) Tj ET Q q 0 0 0 rg BT 272.68 606.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 299.15 606.95 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 606.95 Td (Company's ) Tj ET Q q 0 0 0 rg BT 361.31 606.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.79 606.95 Td (results ) Tj ET Q q 0 0 0 rg BT 425.76 606.95 Td (to ) Tj ET Q q 0 0 0 rg BT 435.72 606.95 Td (fluctuate. ) Tj ET Q q 0 0 0 rg BT 474.54 606.95 Td (These ) Tj ET Q q 0 0 0 rg BT 502.01 606.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 531.48 606.95 Td (include: ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 593.45 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 82.64 593.45 Td (our ) Tj ET Q q 0 0 0 rg BT 98.29 593.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 123.94 593.45 Td (to ) Tj ET Q q 0 0 0 rg BT 134.10 593.45 Td (introduce ) Tj ET Q q 0 0 0 rg BT 173.76 593.45 Td (and ) Tj ET Q q 0 0 0 rg BT 191.42 593.45 Td (deliver ) Tj ET Q q 0 0 0 rg BT 220.58 593.45 Td (new ) Tj ET Q q 0 0 0 rg BT 239.74 593.45 Td (services ) Tj ET Q q 0 0 0 rg BT 275.39 593.45 Td (and ) Tj ET Q q 0 0 0 rg BT 293.05 593.45 Td (business ) Tj ET Q q 0 0 0 rg BT 331.21 593.45 Td (solutions; ) Tj ET Q q 0 0 0 rg BT 371.88 593.45 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 384.52 593.45 Td (our ) Tj ET Q q 0 0 0 rg BT 400.17 593.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 436.84 593.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 476.51 593.45 Td (to ) Tj ET Q q 0 0 0 rg BT 486.66 593.45 Td (a ) Tj ET Q q 0 0 0 rg BT 494.31 593.45 Td (lengthened ) Tj ET Q q 0 0 0 rg BT 541.50 593.45 Td (sales ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 579.95 Td (cycle; ) Tj ET Q q 0 0 0 rg BT 97.30 579.95 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 111.59 579.95 Td (the ) Tj ET Q q 0 0 0 rg BT 126.40 579.95 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 166.70 579.95 Td (of ) Tj ET Q q 0 0 0 rg BT 176.51 579.95 Td (the ) Tj ET Q q 0 0 0 rg BT 191.32 579.95 Td (purchases ) Tj ET Q q 0 0 0 rg BT 235.14 579.95 Td (of ) Tj ET Q q 0 0 0 rg BT 244.94 579.95 Td (our ) Tj ET Q q 0 0 0 rg BT 260.25 579.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 306.08 579.95 Td (services ) Tj ET Q q 0 0 0 rg BT 341.38 579.95 Td (and ) Tj ET Q q 0 0 0 rg BT 358.70 579.95 Td (solutions; ) Tj ET Q q 0 0 0 rg BT 399.02 579.95 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 413.81 579.95 Td (the ) Tj ET Q q 0 0 0 rg BT 428.62 579.95 Td (nature ) Tj ET Q q 0 0 0 rg BT 456.43 579.95 Td (of ) Tj ET Q q 0 0 0 rg BT 466.24 579.95 Td (our ) Tj ET Q q 0 0 0 rg BT 481.54 579.95 Td (client) Tj ET Q q 0 0 0 rg BT 504.39 579.95 Td (s ) Tj ET Q q 0 0 0 rg BT 511.19 579.95 Td (business ) Tj ET Q q 0 0 0 rg BT 549.01 579.95 Td (\(for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 566.45 Td (example, ) Tj ET Q q 0 0 0 rg BT 110.34 566.45 Td (if ) Tj ET Q q 0 0 0 rg BT 116.66 566.45 Td (a ) Tj ET Q q 0 0 0 rg BT 123.49 566.45 Td (client ) Tj ET Q q 0 0 0 rg BT 146.32 566.45 Td (encounters ) Tj ET Q q 0 0 0 rg BT 192.67 566.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.52 566.45 Td (dif) Tj ET Q q 0 0 0 rg BT 236.86 566.45 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 261.69 566.45 Td (\(including ) Tj ET Q q 0 0 0 rg BT 302.03 566.45 Td (as ) Tj ET Q q 0 0 0 rg BT 313.36 566.45 Td (a ) Tj ET Q q 0 0 0 rg BT 320.18 566.45 Td (result ) Tj ET Q q 0 0 0 rg BT 344.01 566.45 Td (of ) Tj ET Q q 0 0 0 rg BT 353.34 566.45 Td (external ) Tj ET Q q 0 0 0 rg BT 387.18 566.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 407.50 566.45 Td (such ) Tj ET Q q 0 0 0 rg BT 428.33 566.45 Td (as ) Tj ET Q q 0 0 0 rg BT 439.66 566.45 Td (climate ) Tj ET Q q 0 0 0 rg BT 469.99 566.45 Td (change ) Tj ET Q q 0 0 0 rg BT 501.34 566.45 Td (or ) Tj ET Q q 0 0 0 rg BT 511.16 566.45 Td (a ) Tj ET Q q 0 0 0 rg BT 517.99 566.45 Td (pandemic\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 552.95 Td (it ) Tj ET Q q 0 0 0 rg BT 78.67 552.95 Td (may ) Tj ET Q q 0 0 0 rg BT 97.85 552.95 Td (be ) Tj ET Q q 0 0 0 rg BT 110.03 552.95 Td (forced ) Tj ET Q q 0 0 0 rg BT 137.22 552.95 Td (to ) Tj ET Q q 0 0 0 rg BT 146.90 552.95 Td (cancel, ) Tj ET Q q 0 0 0 rg BT 177.59 552.95 Td (reduce ) Tj ET Q q 0 0 0 rg BT 207.28 552.95 Td (or ) Tj ET Q q 0 0 0 rg BT 217.46 552.95 Td (defer ) Tj ET Q q 0 0 0 rg BT 240.14 552.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 272.83 552.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 311.52 552.95 Td (with ) Tj ET Q q 0 0 0 rg BT 329.70 552.95 Td (us\); ) Tj ET Q q 0 0 0 rg BT 346.87 552.95 Td (and ) Tj ET Q q 0 0 0 rg BT 364.06 552.95 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 376.73 552.95 Td (the ) Tj ET Q q 0 0 0 rg BT 391.42 552.95 Td (structure ) Tj ET Q q 0 0 0 rg BT 428.60 552.95 Td (of ) Tj ET Q q 0 0 0 rg BT 438.28 552.95 Td (our ) Tj ET Q q 0 0 0 rg BT 453.46 552.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 503.16 552.95 Td (with ) Tj ET Q q 0 0 0 rg BT 521.34 552.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 549.02 552.95 Td (\(for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 539.45 Td (example, ) Tj ET Q q 0 0 0 rg BT 111.55 539.45 Td (some ) Tj ET Q q 0 0 0 rg BT 136.59 539.45 Td (of ) Tj ET Q q 0 0 0 rg BT 147.13 539.45 Td (CGI's ) Tj ET Q q 0 0 0 rg BT 172.39 539.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 222.95 539.45 Td (with ) Tj ET Q q 0 0 0 rg BT 241.99 539.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 270.53 539.45 Td (contain ) Tj ET Q q 0 0 0 rg BT 302.59 539.45 Td (clauses ) Tj ET Q q 0 0 0 rg BT 336.14 539.45 Td (allowing ) Tj ET Q q 0 0 0 rg BT 371.69 539.45 Td (the ) Tj ET Q q 0 0 0 rg BT 387.24 539.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 415.78 539.45 Td (to ) Tj ET Q q 0 0 0 rg BT 426.32 539.45 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 473.88 539.45 Td (the ) Tj ET Q q 0 0 0 rg BT 489.42 539.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 518.97 539.45 Td (of ) Tj ET Q q 0 0 0 rg BT 529.51 539.45 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 525.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 109.17 525.95 Td (by ) Tj ET Q q 0 0 0 rg BT 121.32 525.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 139.97 525.95 Td (against ) Tj ET Q q 0 0 0 rg BT 171.63 525.95 Td (the ) Tj ET Q q 0 0 0 rg BT 186.79 525.95 Td (prices ) Tj ET Q q 0 0 0 rg BT 213.45 525.95 Td (of) Tj ET Q q 0 0 0 rg BT 220.79 525.95 Td (fered ) Tj ET Q q 0 0 0 rg BT 243.95 525.95 Td (by ) Tj ET Q q 0 0 0 rg BT 256.10 525.95 Td (other ) Tj ET Q q 0 0 0 rg BT 279.26 525.95 Td (providers\). ) Tj ET Q q 0 0 0 rg BT 324.25 525.95 Td (These, ) Tj ET Q q 0 0 0 rg BT 354.41 525.95 Td (and ) Tj ET Q q 0 0 0 rg BT 372.07 525.95 Td (other ) Tj ET Q q 0 0 0 rg BT 395.23 525.95 Td (factors, ) Tj ET Q q 0 0 0 rg BT 427.38 525.95 Td (make ) Tj ET Q q 0 0 0 rg BT 452.04 525.95 Td (it ) Tj ET Q q 0 0 0 rg BT 459.18 525.95 Td (dif) Tj ET Q q 0 0 0 rg BT 468.53 525.95 Td (ficult ) Tj ET Q q 0 0 0 rg BT 489.68 525.95 Td (to ) Tj ET Q q 0 0 0 rg BT 499.83 525.95 Td (predict ) Tj ET Q q 0 0 0 rg BT 529.49 525.95 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 512.45 Td (results ) Tj ET Q q 0 0 0 rg BT 101.01 512.45 Td (for ) Tj ET Q q 0 0 0 rg BT 114.01 512.45 Td (any ) Tj ET Q q 0 0 0 rg BT 131.02 512.45 Td (given ) Tj ET Q q 0 0 0 rg BT 155.04 512.45 Td (period.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 488.666796875 m 166.0341796875 488.666796875 l s q 0 0 0 rg BT 72.00 489.95 Td (Business ) Tj ET Q q 0 0 0 rg BT 111.02 489.95 Td (mix ) Tj ET Q q 0 0 0 rg BT 127.52 489.95 Td (variations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 470.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.96 470.45 Td (proportion ) Tj ET Q q 0 0 0 rg BT 134.94 470.45 Td (of ) Tj ET Q q 0 0 0 rg BT 145.90 470.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 181.88 470.45 Td (that ) Tj ET Q q 0 0 0 rg BT 200.34 470.45 Td (we ) Tj ET Q q 0 0 0 rg BT 215.30 470.45 Td (generate ) Tj ET Q q 0 0 0 rg BT 254.28 470.45 Td (from ) Tj ET Q q 0 0 0 rg BT 275.73 470.45 Td (shorter-term ) Tj ET Q q 0 0 0 rg BT 328.19 470.45 Td (system ) Tj ET Q q 0 0 0 rg BT 360.15 470.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 405.63 470.45 Td (and ) Tj ET Q q 0 0 0 rg BT 424.10 470.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 468.08 470.45 Td (projects ) Tj ET Q q 0 0 0 rg BT 503.04 470.45 Td (\(SI&C\), ) Tj ET Q q 0 0 0 rg BT 536.00 470.45 Td (versus ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 456.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 106.78 456.95 Td (from ) Tj ET Q q 0 0 0 rg BT 127.04 456.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 167.31 456.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 207.10 456.95 Td (IT) Tj ET Q q 0 0 0 rg BT 214.93 456.95 Td ( ) Tj ET Q q 0 0 0 rg BT 217.19 456.95 Td (and ) Tj ET Q q 0 0 0 rg BT 234.46 456.95 Td (business ) Tj ET Q q 0 0 0 rg BT 272.24 456.95 Td (process ) Tj ET Q q 0 0 0 rg BT 306.01 456.95 Td (services ) Tj ET Q q 0 0 0 rg BT 341.27 456.95 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 382.55 456.95 Td (will ) Tj ET Q q 0 0 0 rg BT 397.30 456.95 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 433.58 456.95 Td (at ) Tj ET Q q 0 0 0 rg BT 443.35 456.95 Td (times, ) Tj ET Q q 0 0 0 rg BT 469.61 456.95 Td (af) Tj ET Q q 0 0 0 rg BT 476.95 456.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 503.72 456.95 Td (by ) Tj ET Q q 0 0 0 rg BT 515.49 456.95 Td (acquisitions ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 443.45 Td (or ) Tj ET Q q 0 0 0 rg BT 81.80 443.45 Td (other ) Tj ET Q q 0 0 0 rg BT 104.12 443.45 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 156.59 443.45 Td (An ) Tj ET Q q 0 0 0 rg BT 169.40 443.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 210.23 443.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 249.05 443.45 Td (to ) Tj ET Q q 0 0 0 rg BT 258.36 443.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.69 443.45 Td (from ) Tj ET Q q 0 0 0 rg BT 312.49 443.45 Td (SI&C ) Tj ET Q q 0 0 0 rg BT 335.30 443.45 Td (projects ) Tj ET Q q 0 0 0 rg BT 368.61 443.45 Td (may ) Tj ET Q q 0 0 0 rg BT 387.42 443.45 Td (result ) Tj ET Q q 0 0 0 rg BT 411.23 443.45 Td (in ) Tj ET Q q 0 0 0 rg BT 420.03 443.45 Td (greater ) Tj ET Q q 0 0 0 rg BT 450.35 443.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 487.17 443.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 521.50 443.45 Td (variations, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 429.95 Td (as ) Tj ET Q q 0 0 0 rg BT 84.01 429.95 Td (the ) Tj ET Q q 0 0 0 rg BT 99.02 429.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 134.04 429.95 Td (from ) Tj ET Q q 0 0 0 rg BT 154.54 429.95 Td (SI&C ) Tj ET Q q 0 0 0 rg BT 178.05 429.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 212.06 429.95 Td (does ) Tj ET Q q 0 0 0 rg BT 234.08 429.95 Td (not ) Tj ET Q q 0 0 0 rg BT 249.09 429.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 281.11 429.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 321.62 429.95 Td (consistency ) Tj ET Q q 0 0 0 rg BT 371.14 429.95 Td (in ) Tj ET Q q 0 0 0 rg BT 380.65 429.95 Td (revenue.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 406.166796875 m 340.154296875 406.166796875 l s q 0 0 0 rg BT 72.00 407.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 407.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 125.53 407.45 Td (and ) Tj ET Q q 0 0 0 rg BT 143.05 407.45 Td (operational ) Tj ET Q q 0 0 0 rg BT 190.08 407.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 211.08 407.45 Td (inherent ) Tj ET Q q 0 0 0 rg BT 246.10 407.45 Td (in ) Tj ET Q q 0 0 0 rg BT 255.61 407.45 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 298.13 407.45 Td (operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 387.95 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 387.95 Td (e ) Tj ET Q q 0 0 0 rg BT 86.76 387.95 Td (manage ) Tj ET Q q 0 0 0 rg BT 120.70 387.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 164.15 387.95 Td (in ) Tj ET Q q 0 0 0 rg BT 172.58 387.95 Td (numerous ) Tj ET Q q 0 0 0 rg BT 214.02 387.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 251.95 387.95 Td (around ) Tj ET Q q 0 0 0 rg BT 281.40 387.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.33 387.95 Td (world ) Tj ET Q q 0 0 0 rg BT 318.26 387.95 Td (including ) Tj ET Q q 0 0 0 rg BT 355.20 387.95 Td (of) Tj ET Q q 0 0 0 rg BT 362.54 387.95 Td (fshore ) Tj ET Q q 0 0 0 rg BT 388.98 387.95 Td (delivery ) Tj ET Q q 0 0 0 rg BT 421.41 387.95 Td (centers. ) Tj ET Q q 0 0 0 rg BT 454.75 387.95 Td (The ) Tj ET Q q 0 0 0 rg BT 471.68 387.95 Td (scope ) Tj ET Q q 0 0 0 rg BT 497.12 387.95 Td (of ) Tj ET Q q 0 0 0 rg BT 506.04 387.95 Td (our ) Tj ET Q q 0 0 0 rg BT 520.47 387.95 Td (operations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 374.45 Td (\(including ) Tj ET Q q 0 0 0 rg BT 113.08 374.45 Td (our ) Tj ET Q q 0 0 0 rg BT 128.65 374.45 Td (of) Tj ET Q q 0 0 0 rg BT 135.99 374.45 Td (fshore ) Tj ET Q q 0 0 0 rg BT 163.56 374.45 Td (delivery ) Tj ET Q q 0 0 0 rg BT 197.13 374.45 Td (centers\) ) Tj ET Q q 0 0 0 rg BT 232.20 374.45 Td (subjects ) Tj ET Q q 0 0 0 rg BT 267.77 374.45 Td (us ) Tj ET Q q 0 0 0 rg BT 279.84 374.45 Td (to ) Tj ET Q q 0 0 0 rg BT 289.90 374.45 Td (issues ) Tj ET Q q 0 0 0 rg BT 317.97 374.45 Td (that ) Tj ET Q q 0 0 0 rg BT 335.54 374.45 Td (can ) Tj ET Q q 0 0 0 rg BT 352.61 374.45 Td (negatively ) Tj ET Q q 0 0 0 rg BT 395.69 374.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 424.76 374.45 Td (our ) Tj ET Q q 0 0 0 rg BT 440.33 374.45 Td (operations, ) Tj ET Q q 0 0 0 rg BT 487.41 374.45 Td (including: ) Tj ET Q q 0 0 0 rg BT 528.00 374.45 Td (currency ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 360.95 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 119.57 360.95 Td (\(see ) Tj ET Q q 0 0 0 rg BT 139.11 360.95 Td (foreign ) Tj ET Q q 0 0 0 rg BT 168.67 360.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 209.74 360.95 Td (risk\); ) Tj ET Q q 0 0 0 rg BT 231.28 360.95 Td (the ) Tj ET Q q 0 0 0 rg BT 245.83 360.95 Td (burden ) Tj ET Q q 0 0 0 rg BT 275.89 360.95 Td (of ) Tj ET Q q 0 0 0 rg BT 285.43 360.95 Td (complying ) Tj ET Q q 0 0 0 rg BT 327.99 360.95 Td (with ) Tj ET Q q 0 0 0 rg BT 346.03 360.95 Td (a ) Tj ET Q q 0 0 0 rg BT 353.08 360.95 Td (wide ) Tj ET Q q 0 0 0 rg BT 373.63 360.95 Td (variety ) Tj ET Q q 0 0 0 rg BT 402.17 360.95 Td (of ) Tj ET Q q 0 0 0 rg BT 411.72 360.95 Td (national ) Tj ET Q q 0 0 0 rg BT 445.28 360.95 Td (and ) Tj ET Q q 0 0 0 rg BT 462.34 360.95 Td (local ) Tj ET Q q 0 0 0 rg BT 482.89 360.95 Td (laws ) Tj ET Q q 0 0 0 rg BT 502.93 360.95 Td (\(see ) Tj ET Q q 0 0 0 rg BT 522.48 360.95 Td (regulatory ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 347.45 Td (risk\); ) Tj ET Q q 0 0 0 rg BT 93.75 347.45 Td (the ) Tj ET Q q 0 0 0 rg BT 108.52 347.45 Td (dif) Tj ET Q q 0 0 0 rg BT 117.87 347.45 Td (ferences ) Tj ET Q q 0 0 0 rg BT 154.65 347.45 Td (in ) Tj ET Q q 0 0 0 rg BT 163.91 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 181.19 347.45 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 234.48 347.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 263.25 347.45 Td (from ) Tj ET Q q 0 0 0 rg BT 283.51 347.45 Td (local ) Tj ET Q q 0 0 0 rg BT 304.28 347.45 Td (business ) Tj ET Q q 0 0 0 rg BT 342.06 347.45 Td (culture ) Tj ET Q q 0 0 0 rg BT 371.33 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 388.61 347.45 Td (practices; ) Tj ET Q q 0 0 0 rg BT 429.38 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 446.66 347.45 Td (political, ) Tj ET Q q 0 0 0 rg BT 481.43 347.45 Td (social ) Tj ET Q q 0 0 0 rg BT 506.70 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 523.98 347.45 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 333.95 Td (instability) Tj ET Q q 0 0 0 rg BT 108.35 333.95 Td (. ) Tj ET Q q 0 0 0 rg BT 112.85 333.95 Td (Any ) Tj ET Q q 0 0 0 rg BT 130.86 333.95 Td (or ) Tj ET Q q 0 0 0 rg BT 141.36 333.95 Td (all ) Tj ET Q q 0 0 0 rg BT 152.87 333.95 Td (of ) Tj ET Q q 0 0 0 rg BT 162.87 333.95 Td (these ) Tj ET Q q 0 0 0 rg BT 187.39 333.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 208.39 333.95 Td (could ) Tj ET Q q 0 0 0 rg BT 232.40 333.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 261.41 333.95 Td (our ) Tj ET Q q 0 0 0 rg BT 276.92 333.95 Td (global ) Tj ET Q q 0 0 0 rg BT 303.44 333.95 Td (business ) Tj ET Q q 0 0 0 rg BT 341.46 333.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.99 333.95 Td (and ) Tj ET Q q 0 0 0 rg BT 403.51 333.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 430.03 333.95 Td (our ) Tj ET Q q 0 0 0 rg BT 445.54 333.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 491.05 333.95 Td (to ) Tj ET Q q 0 0 0 rg BT 501.06 333.95 Td (decline.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 310.166796875 m 273.6123046875 310.166796875 l s q 0 0 0 rg BT 72.00 311.45 Td (Organizational ) Tj ET Q q 0 0 0 rg BT 132.53 311.45 Td (challenges ) Tj ET Q q 0 0 0 rg BT 178.07 311.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 223.59 311.45 Td (with ) Tj ET Q q 0 0 0 rg BT 242.10 311.45 Td (our ) Tj ET Q q 0 0 0 rg BT 257.61 311.45 Td (size) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 291.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.49 291.95 Td (culture, ) Tj ET Q q 0 0 0 rg BT 121.49 291.95 Td (standards, ) Tj ET Q q 0 0 0 rg BT 166.00 291.95 Td (core ) Tj ET Q q 0 0 0 rg BT 185.99 291.95 Td (values, ) Tj ET Q q 0 0 0 rg BT 216.99 291.95 Td (internal ) Tj ET Q q 0 0 0 rg BT 249.00 291.95 Td (controls ) Tj ET Q q 0 0 0 rg BT 283.00 291.95 Td (and ) Tj ET Q q 0 0 0 rg BT 300.50 291.95 Td (our ) Tj ET Q q 0 0 0 rg BT 315.99 291.95 Td (policies ) Tj ET Q q 0 0 0 rg BT 348.49 291.95 Td (need ) Tj ET Q q 0 0 0 rg BT 371.00 291.95 Td (to ) Tj ET Q q 0 0 0 rg BT 380.99 291.95 Td (be ) Tj ET Q q 0 0 0 rg BT 393.49 291.95 Td (instilled ) Tj ET Q q 0 0 0 rg BT 425.99 291.95 Td (across ) Tj ET Q q 0 0 0 rg BT 454.98 291.95 Td (newly ) Tj ET Q q 0 0 0 rg BT 480.48 291.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 517.49 291.95 Td (businesses ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 278.45 Td (as ) Tj ET Q q 0 0 0 rg BT 84.07 278.45 Td (well ) Tj ET Q q 0 0 0 rg BT 102.14 278.45 Td (as ) Tj ET Q q 0 0 0 rg BT 114.21 278.45 Td (maintained ) Tj ET Q q 0 0 0 rg BT 160.81 278.45 Td (within ) Tj ET Q q 0 0 0 rg BT 186.39 278.45 Td (our ) Tj ET Q q 0 0 0 rg BT 201.96 278.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 235.04 278.45 Td (operations. ) Tj ET Q q 0 0 0 rg BT 281.97 278.45 Td (T) Tj ET Q q 0 0 0 rg BT 286.47 278.45 Td (o ) Tj ET Q q 0 0 0 rg BT 294.04 278.45 Td (ef) Tj ET Q q 0 0 0 rg BT 301.39 278.45 Td (fectively ) Tj ET Q q 0 0 0 rg BT 336.46 278.45 Td (communicate ) Tj ET Q q 0 0 0 rg BT 392.55 278.45 Td (and ) Tj ET Q q 0 0 0 rg BT 410.13 278.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 445.22 278.45 Td (these ) Tj ET Q q 0 0 0 rg BT 469.81 278.45 Td (standards ) Tj ET Q q 0 0 0 rg BT 511.90 278.45 Td (throughout ) Tj ET Q q 0 0 0 rg BT 557.50 278.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 264.95 Td (large ) Tj ET Q q 0 0 0 rg BT 95.00 264.95 Td (global ) Tj ET Q q 0 0 0 rg BT 122.00 264.95 Td (organization ) Tj ET Q q 0 0 0 rg BT 174.02 264.95 Td (is ) Tj ET Q q 0 0 0 rg BT 183.50 264.95 Td (both ) Tj ET Q q 0 0 0 rg BT 204.00 264.95 Td (challenging ) Tj ET Q q 0 0 0 rg BT 252.52 264.95 Td (and ) Tj ET Q q 0 0 0 rg BT 270.52 264.95 Td (time ) Tj ET Q q 0 0 0 rg BT 290.50 264.95 Td (consuming. ) Tj ET Q q 0 0 0 rg BT 339.51 264.95 Td (Newly ) Tj ET Q q 0 0 0 rg BT 367.00 264.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 404.50 264.95 Td (businesses ) Tj ET Q q 0 0 0 rg BT 452.51 264.95 Td (may ) Tj ET Q q 0 0 0 rg BT 472.50 264.95 Td (be ) Tj ET Q q 0 0 0 rg BT 485.49 264.95 Td (resistant ) Tj ET Q q 0 0 0 rg BT 522.49 264.95 Td (to ) Tj ET Q q 0 0 0 rg BT 532.98 264.95 Td (change ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 251.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.50 251.45 Td (may ) Tj ET Q q 0 0 0 rg BT 108.99 251.45 Td (remain ) Tj ET Q q 0 0 0 rg BT 138.99 251.45 Td (attached ) Tj ET Q q 0 0 0 rg BT 176.00 251.45 Td (to ) Tj ET Q q 0 0 0 rg BT 185.99 251.45 Td (past ) Tj ET Q q 0 0 0 rg BT 205.49 251.45 Td (methods, ) Tj ET Q q 0 0 0 rg BT 244.99 251.45 Td (standards ) Tj ET Q q 0 0 0 rg BT 287.00 251.45 Td (and ) Tj ET Q q 0 0 0 rg BT 304.51 251.45 Td (practices ) Tj ET Q q 0 0 0 rg BT 343.00 251.45 Td (which ) Tj ET Q q 0 0 0 rg BT 368.50 251.45 Td (may ) Tj ET Q q 0 0 0 rg BT 387.99 251.45 Td (compromise ) Tj ET Q q 0 0 0 rg BT 439.49 251.45 Td (our ) Tj ET Q q 0 0 0 rg BT 454.98 251.45 Td (business ) Tj ET Q q 0 0 0 rg BT 492.99 251.45 Td (agility ) Tj ET Q q 0 0 0 rg BT 518.48 251.45 Td (in ) Tj ET Q q 0 0 0 rg BT 527.97 251.45 Td (pursuing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 237.95 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 127.82 237.95 Td (Cultural ) Tj ET Q q 0 0 0 rg BT 160.62 237.95 Td (dif) Tj ET Q q 0 0 0 rg BT 169.97 237.95 Td (ferences ) Tj ET Q q 0 0 0 rg BT 206.27 237.95 Td (in ) Tj ET Q q 0 0 0 rg BT 215.07 237.95 Td (various ) Tj ET Q q 0 0 0 rg BT 245.87 237.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 284.18 237.95 Td (may ) Tj ET Q q 0 0 0 rg BT 302.97 237.95 Td (also ) Tj ET Q q 0 0 0 rg BT 321.27 237.95 Td (present ) Tj ET Q q 0 0 0 rg BT 353.07 237.95 Td (barriers ) Tj ET Q q 0 0 0 rg BT 385.37 237.95 Td (to ) Tj ET Q q 0 0 0 rg BT 394.66 237.95 Td (introducing ) Tj ET Q q 0 0 0 rg BT 440.48 237.95 Td (new ) Tj ET Q q 0 0 0 rg BT 458.78 237.95 Td (ideas ) Tj ET Q q 0 0 0 rg BT 482.08 237.95 Td (or ) Tj ET Q q 0 0 0 rg BT 491.88 237.95 Td (aligning ) Tj ET Q q 0 0 0 rg BT 524.69 237.95 Td (our ) Tj ET Q q 0 0 0 rg BT 539.49 237.95 Td (vision ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 88.61 224.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 122.21 224.45 Td (with ) Tj ET Q q 0 0 0 rg BT 139.81 224.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.91 224.45 Td (rest ) Tj ET Q q 0 0 0 rg BT 170.50 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 179.60 224.45 Td (the ) Tj ET Q q 0 0 0 rg BT 193.70 224.45 Td (organization. ) Tj ET Q q 0 0 0 rg BT 246.83 224.45 Td (If ) Tj ET Q q 0 0 0 rg BT 253.42 224.45 Td (we ) Tj ET Q q 0 0 0 rg BT 266.52 224.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 295.13 224.45 Td (overcome ) Tj ET Q q 0 0 0 rg BT 336.23 224.45 Td (these ) Tj ET Q q 0 0 0 rg BT 359.84 224.45 Td (obstacles ) Tj ET Q q 0 0 0 rg BT 399.45 224.45 Td (in ) Tj ET Q q 0 0 0 rg BT 408.05 224.45 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 455.67 224.45 Td (a ) Tj ET Q q 0 0 0 rg BT 462.27 224.45 Td (strategic ) Tj ET Q q 0 0 0 rg BT 497.87 224.45 Td (bond ) Tj ET Q q 0 0 0 rg BT 519.48 224.45 Td (throughout ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 210.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 210.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.03 210.95 Td (worldwide, ) Tj ET Q q 0 0 0 rg BT 173.05 210.95 Td (we ) Tj ET Q q 0 0 0 rg BT 187.05 210.95 Td (may ) Tj ET Q q 0 0 0 rg BT 206.56 210.95 Td (not ) Tj ET Q q 0 0 0 rg BT 221.57 210.95 Td (be ) Tj ET Q q 0 0 0 rg BT 234.08 210.95 Td (able ) Tj ET Q q 0 0 0 rg BT 253.60 210.95 Td (to ) Tj ET Q q 0 0 0 rg BT 263.60 210.95 Td (achieve ) Tj ET Q q 0 0 0 rg BT 297.12 210.95 Td (our ) Tj ET Q q 0 0 0 rg BT 312.63 210.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 342.15 210.95 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 210.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 405.18 210.95 Td (objectives.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 190.16679687500005 m 192.7265625 190.16679687500005 l s q 0 0 0 rg BT 72.00 191.45 Td (T) Tj ET Q q 0 0 0 rg BT 76.67 191.45 Td (axes ) Tj ET Q q 0 0 0 rg BT 98.18 191.45 Td (and ) Tj ET Q q 0 0 0 rg BT 115.70 191.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 130.21 191.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 154.71 191.45 Td (programs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 171.95 Td (In ) Tj ET Q q 0 0 0 rg BT 82.55 171.95 Td (estimating ) Tj ET Q q 0 0 0 rg BT 126.62 171.95 Td (our ) Tj ET Q q 0 0 0 rg BT 142.67 171.95 Td (income ) Tj ET Q q 0 0 0 rg BT 174.73 171.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.78 171.95 Td (payable, ) Tj ET Q q 0 0 0 rg BT 226.86 171.95 Td (management ) Tj ET Q q 0 0 0 rg BT 282.43 171.95 Td (uses ) Tj ET Q q 0 0 0 rg BT 304.49 171.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 351.07 171.95 Td (principles ) Tj ET Q q 0 0 0 rg BT 392.13 171.95 Td (to ) Tj ET Q q 0 0 0 rg BT 402.69 171.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 445.75 171.95 Td (income ) Tj ET Q q 0 0 0 rg BT 477.81 171.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 492.86 171.95 Td (positions ) Tj ET Q q 0 0 0 rg BT 531.43 171.95 Td (that ) Tj ET Q q 0 0 0 rg BT 549.49 171.95 Td (are ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 158.45 Td (likely ) Tj ET Q q 0 0 0 rg BT 94.33 158.45 Td (to ) Tj ET Q q 0 0 0 rg BT 104.15 158.45 Td (be ) Tj ET Q q 0 0 0 rg BT 116.49 158.45 Td (sustained ) Tj ET Q q 0 0 0 rg BT 157.34 158.45 Td (by ) Tj ET Q q 0 0 0 rg BT 169.16 158.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 212.02 158.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.35 158.45 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 272.69 158.45 Td (However) Tj ET Q q 0 0 0 rg BT 307.71 158.45 Td (, ) Tj ET Q q 0 0 0 rg BT 312.53 158.45 Td (there ) Tj ET Q q 0 0 0 rg BT 335.37 158.45 Td (is ) Tj ET Q q 0 0 0 rg BT 344.19 158.45 Td (no ) Tj ET Q q 0 0 0 rg BT 356.52 158.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 400.37 158.45 Td (that ) Tj ET Q q 0 0 0 rg BT 417.70 158.45 Td (our ) Tj ET Q q 0 0 0 rg BT 433.03 158.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 447.36 158.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 481.20 158.45 Td (or ) Tj ET Q q 0 0 0 rg BT 491.53 158.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.86 158.45 Td (liability ) Tj ET Q q 0 0 0 rg BT 535.19 158.45 Td (will ) Tj ET Q q 0 0 0 rg BT 550.01 158.45 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 144.95 Td (materially ) Tj ET Q q 0 0 0 rg BT 112.01 144.95 Td (dif) Tj ET Q q 0 0 0 rg BT 121.35 144.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 133.36 144.95 Td (from ) Tj ET Q q 0 0 0 rg BT 152.86 144.95 Td (our ) Tj ET Q q 0 0 0 rg BT 167.36 144.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 207.38 144.95 Td (or ) Tj ET Q q 0 0 0 rg BT 216.88 144.95 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 271.32 144.95 Td (The ) Tj ET Q q 0 0 0 rg BT 288.33 144.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.83 144.95 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 345.86 144.95 Td (regulation ) Tj ET Q q 0 0 0 rg BT 386.89 144.95 Td (and ) Tj ET Q q 0 0 0 rg BT 403.41 144.95 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 457.44 144.95 Td (that ) Tj ET Q q 0 0 0 rg BT 473.95 144.95 Td (apply ) Tj ET Q q 0 0 0 rg BT 496.97 144.95 Td (to ) Tj ET Q q 0 0 0 rg BT 505.97 144.95 Td (our ) Tj ET Q q 0 0 0 rg BT 520.48 144.95 Td (operations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 131.45 Td (are ) Tj ET Q q 0 0 0 rg BT 87.49 131.45 Td (continually ) Tj ET Q q 0 0 0 rg BT 132.50 131.45 Td (changing. ) Tj ET Q q 0 0 0 rg BT 174.01 131.45 Td (In ) Tj ET Q q 0 0 0 rg BT 184.00 131.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 220.51 131.45 Td (future ) Tj ET Q q 0 0 0 rg BT 246.00 131.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 260.49 131.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 294.50 131.45 Td (and ) Tj ET Q q 0 0 0 rg BT 311.99 131.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 348.49 131.45 Td (are ) Tj ET Q q 0 0 0 rg BT 363.98 131.45 Td (dependent ) Tj ET Q q 0 0 0 rg BT 409.00 131.45 Td (on ) Tj ET Q q 0 0 0 rg BT 421.50 131.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 450.99 131.45 Td (that ) Tj ET Q q 0 0 0 rg BT 468.48 131.45 Td (are ) Tj ET Q q 0 0 0 rg BT 483.97 131.45 Td (inherently ) Tj ET Q q 0 0 0 rg BT 525.48 131.45 Td (uncertain ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 117.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.45 117.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 120.39 117.95 Td (to ) Tj ET Q q 0 0 0 rg BT 130.33 117.95 Td (change, ) Tj ET Q q 0 0 0 rg BT 164.78 117.95 Td (including ) Tj ET Q q 0 0 0 rg BT 202.74 117.95 Td (future ) Tj ET Q q 0 0 0 rg BT 228.18 117.95 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 267.64 117.95 Td (future ) Tj ET Q q 0 0 0 rg BT 293.08 117.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.52 117.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 332.45 117.95 Td (and ) Tj ET Q q 0 0 0 rg BT 349.90 117.95 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 395.86 117.95 Td (business ) Tj ET Q q 0 0 0 rg BT 433.81 117.95 Td (mix ) Tj ET Q q 0 0 0 rg BT 450.24 117.95 Td (in ) Tj ET Q q 0 0 0 rg BT 459.67 117.95 Td (the ) Tj ET Q q 0 0 0 rg BT 474.61 117.95 Td (various ) Tj ET Q q 0 0 0 rg BT 506.06 117.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 555.50 117.95 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 104.45 Td (which ) Tj ET Q q 0 0 0 rg BT 97.15 104.45 Td (we ) Tj ET Q q 0 0 0 rg BT 110.80 104.45 Td (operate. ) Tj ET Q q 0 0 0 rg BT 145.97 104.45 Td (Moreover) Tj ET Q q 0 0 0 rg BT 183.49 104.45 Td (, ) Tj ET Q q 0 0 0 rg BT 188.14 104.45 Td (our ) Tj ET Q q 0 0 0 rg BT 203.29 104.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.44 104.45 Td (returns ) Tj ET Q q 0 0 0 rg BT 247.60 104.45 Td (are ) Tj ET Q q 0 0 0 rg BT 262.75 104.45 Td (continually ) Tj ET Q q 0 0 0 rg BT 307.42 104.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.08 104.45 Td (to ) Tj ET Q q 0 0 0 rg BT 347.73 104.45 Td (review ) Tj ET Q q 0 0 0 rg BT 375.88 104.45 Td (by ) Tj ET Q q 0 0 0 rg BT 387.53 104.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 430.21 104.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 444.36 104.45 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.03 104.45 Td (and ) Tj ET Q q 0 0 0 rg BT 505.19 104.45 Td (we ) Tj ET Q q 0 0 0 rg BT 518.84 104.45 Td (are ) Tj ET Q q 0 0 0 rg BT 533.99 104.45 Td (subject ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 90.95 Td (to ) Tj ET Q q 0 0 0 rg BT 83.07 90.95 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 118.67 90.95 Td (audits, ) Tj ET Q q 0 0 0 rg BT 148.75 90.95 Td (investigations ) Tj ET Q q 0 0 0 rg BT 206.84 90.95 Td (and ) Tj ET Q q 0 0 0 rg BT 225.42 90.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.99 90.95 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 293.59 90.95 Td (in ) Tj ET Q q 0 0 0 rg BT 304.16 90.95 Td (various ) Tj ET Q q 0 0 0 rg BT 336.74 90.95 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 389.58 90.95 Td (These ) Tj ET Q q 0 0 0 rg BT 418.16 90.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.73 90.95 Td (authorities ) Tj ET Q q 0 0 0 rg BT 478.82 90.95 Td (determine ) Tj ET Q q 0 0 0 rg BT 522.41 90.95 Td (the ) Tj ET Q q 0 0 0 rg BT 538.48 90.95 Td (actual ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 77.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 108.15 77.45 Td (of ) Tj ET Q q 0 0 0 rg BT 117.29 77.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 140.43 77.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 173.59 77.45 Td (or ) Tj ET Q q 0 0 0 rg BT 183.22 77.45 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 228.38 77.45 Td (of ) Tj ET Q q 0 0 0 rg BT 237.51 77.45 Td (any ) Tj ET Q q 0 0 0 rg BT 253.66 77.45 Td (future ) Tj ET Q q 0 0 0 rg BT 278.30 77.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 291.94 77.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 325.09 77.45 Td (or ) Tj ET Q q 0 0 0 rg BT 334.73 77.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 370.37 77.45 Td (and ) Tj ET Q q 0 0 0 rg BT 387.02 77.45 Td (of ) Tj ET Q q 0 0 0 rg BT 396.16 77.45 Td (income ) Tj ET Q q 0 0 0 rg BT 426.80 77.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.44 77.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 476.09 77.45 Td (that ) Tj ET Q q 0 0 0 rg BT 492.74 77.45 Td (we ) Tj ET Q q 0 0 0 rg BT 505.87 77.45 Td (may ) Tj ET Q q 0 0 0 rg BT 524.51 77.45 Td (ultimately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 63.95 Td (recognize. ) Tj ET Q q 0 0 0 rg BT 117.06 63.95 Td (T) Tj ET Q q 0 0 0 rg BT 121.56 63.95 Td (ax ) Tj ET Q q 0 0 0 rg BT 134.84 63.95 Td (authorities ) Tj ET Q q 0 0 0 rg BT 180.14 63.95 Td (have ) Tj ET Q q 0 0 0 rg BT 203.43 63.95 Td (disagreed ) Tj ET Q q 0 0 0 rg BT 246.74 63.95 Td (and ) Tj ET Q q 0 0 0 rg BT 265.53 63.95 Td (may ) Tj ET Q q 0 0 0 rg BT 286.31 63.95 Td (in ) Tj ET Q q 0 0 0 rg BT 297.09 63.95 Td (the ) Tj ET Q q 0 0 0 rg BT 313.38 63.95 Td (future ) Tj ET Q q 0 0 0 rg BT 340.17 63.95 Td (disagree ) Tj ET Q q 0 0 0 rg BT 378.47 63.95 Td (with ) Tj ET Q q 0 0 0 rg BT 398.25 63.95 Td (our ) Tj ET Q q 0 0 0 rg BT 415.04 63.95 Td (income ) Tj ET Q q 0 0 0 rg BT 447.83 63.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.61 63.95 Td (positions ) Tj ET Q q 0 0 0 rg BT 502.91 63.95 Td (and ) Tj ET Q q 0 0 0 rg BT 521.70 63.95 Td (are ) Tj ET Q q 0 0 0 rg BT 538.48 63.95 Td (taking ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 50.45 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 122.02 50.45 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 168.05 50.45 Td (positions ) Tj ET Q q 0 0 0 rg BT 206.07 50.45 Td (in ) Tj ET Q q 0 0 0 rg BT 215.57 50.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 247.59 50.45 Td (of ) Tj ET Q q 0 0 0 rg BT 257.59 50.45 Td (income ) Tj ET Q q 0 0 0 rg BT 289.11 50.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.61 50.45 Td (positions, ) Tj ET Q q 0 0 0 rg BT 344.14 50.45 Td (including ) Tj ET Q q 0 0 0 rg BT 382.16 50.45 Td (with ) Tj ET Q q 0 0 0 rg BT 400.67 50.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 432.68 50.45 Td (to ) Tj ET Q q 0 0 0 rg BT 442.69 50.45 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 499.21 50.45 Td (transactions. ) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (61) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.87 708.95 Td (ef) Tj ET Q q 0 0 0 rg BT 97.21 708.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 126.09 708.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 140.96 708.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 159.33 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 169.20 708.95 Td (the ) Tj ET Q q 0 0 0 rg BT 184.57 708.95 Td (future ) Tj ET Q q 0 0 0 rg BT 210.45 708.95 Td (could ) Tj ET Q q 0 0 0 rg BT 234.83 708.95 Td (be ) Tj ET Q q 0 0 0 rg BT 247.71 708.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 289.09 708.95 Td (af) Tj ET Q q 0 0 0 rg BT 296.43 708.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 323.81 708.95 Td (by ) Tj ET Q q 0 0 0 rg BT 336.18 708.95 Td (challenges ) Tj ET Q q 0 0 0 rg BT 382.08 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 392.45 708.95 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 449.34 708.95 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 503.23 708.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 540.12 708.95 Td (in ) Tj ET Q q 0 0 0 rg BT 549.99 708.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (value ) Tj ET Q q 0 0 0 rg BT 95.96 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 105.90 695.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 141.86 695.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.31 695.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.76 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 202.22 695.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 241.17 695.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 277.64 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 287.09 695.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.53 695.45 Td (law ) Tj ET Q q 0 0 0 rg BT 317.48 695.45 Td (or ) Tj ET Q q 0 0 0 rg BT 327.92 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 337.37 695.45 Td (their ) Tj ET Q q 0 0 0 rg BT 357.31 695.45 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 412.29 695.45 Td (or ) Tj ET Q q 0 0 0 rg BT 422.73 695.45 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 477.70 695.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 514.16 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 523.61 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 538.56 695.45 Td (mix ) Tj ET Q q 0 0 0 rg BT 555.00 695.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 681.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 108.69 681.95 Td (in ) Tj ET Q q 0 0 0 rg BT 117.87 681.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 156.55 681.95 Td (with ) Tj ET Q q 0 0 0 rg BT 174.73 681.95 Td (dif) Tj ET Q q 0 0 0 rg BT 184.07 681.95 Td (fering ) Tj ET Q q 0 0 0 rg BT 208.75 681.95 Td (statutory ) Tj ET Q q 0 0 0 rg BT 245.43 681.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.61 681.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 284.28 681.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.96 681.95 Td (expiration ) Tj ET Q q 0 0 0 rg BT 340.16 681.95 Td (of ) Tj ET Q q 0 0 0 rg BT 349.83 681.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.00 681.95 Td (benefits ) Tj ET Q q 0 0 0 rg BT 397.70 681.95 Td (and ) Tj ET Q q 0 0 0 rg BT 414.88 681.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 451.08 681.95 Td (in ) Tj ET Q q 0 0 0 rg BT 460.25 681.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 505.95 681.95 Td (principles. ) Tj ET Q q 0 0 0 rg BT 548.49 681.95 Td (T) Tj ET Q q 0 0 0 rg BT 552.99 681.95 Td (ax ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 668.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 94.51 668.45 Td (in ) Tj ET Q q 0 0 0 rg BT 104.01 668.45 Td (the ) Tj ET Q q 0 0 0 rg BT 119.03 668.45 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 168.54 668.45 Td (in ) Tj ET Q q 0 0 0 rg BT 178.05 668.45 Td (which ) Tj ET Q q 0 0 0 rg BT 203.56 668.45 Td (we ) Tj ET Q q 0 0 0 rg BT 217.56 668.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 250.59 668.45 Td (may ) Tj ET Q q 0 0 0 rg BT 270.09 668.45 Td (change ) Tj ET Q q 0 0 0 rg BT 302.12 668.45 Td (as ) Tj ET Q q 0 0 0 rg BT 314.13 668.45 Td (a ) Tj ET Q q 0 0 0 rg BT 321.63 668.45 Td (result ) Tj ET Q q 0 0 0 rg BT 346.14 668.45 Td (of ) Tj ET Q q 0 0 0 rg BT 356.15 668.45 Td (shifting ) Tj ET Q q 0 0 0 rg BT 387.16 668.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 428.18 668.45 Td (conditions ) Tj ET Q q 0 0 0 rg BT 471.21 668.45 Td (and ) Tj ET Q q 0 0 0 rg BT 488.72 668.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.23 668.45 Td (policies. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (A) Tj ET Q q 0 0 0 rg BT 77.51 648.95 Td ( ) Tj ET Q q 0 0 0 rg BT 80.24 648.95 Td (number ) Tj ET Q q 0 0 0 rg BT 113.49 648.95 Td (of ) Tj ET Q q 0 0 0 rg BT 123.73 648.95 Td (countries ) Tj ET Q q 0 0 0 rg BT 162.98 648.95 Td (in ) Tj ET Q q 0 0 0 rg BT 172.72 648.95 Td (which ) Tj ET Q q 0 0 0 rg BT 198.46 648.95 Td (the ) Tj ET Q q 0 0 0 rg BT 213.71 648.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.96 648.95 Td (does ) Tj ET Q q 0 0 0 rg BT 277.21 648.95 Td (business ) Tj ET Q q 0 0 0 rg BT 315.47 648.95 Td (have ) Tj ET Q q 0 0 0 rg BT 337.72 648.95 Td (implemented, ) Tj ET Q q 0 0 0 rg BT 394.48 648.95 Td (or ) Tj ET Q q 0 0 0 rg BT 405.21 648.95 Td (are ) Tj ET Q q 0 0 0 rg BT 420.95 648.95 Td (considering ) Tj ET Q q 0 0 0 rg BT 469.72 648.95 Td (implementing, ) Tj ET Q q 0 0 0 rg BT 528.48 648.95 Td (changes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 635.45 Td (in ) Tj ET Q q 0 0 0 rg BT 82.78 635.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 118.58 635.45 Td (tax, ) Tj ET Q q 0 0 0 rg BT 136.86 635.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 184.18 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 202.97 635.45 Td (other ) Tj ET Q q 0 0 0 rg BT 227.26 635.45 Td (laws, ) Tj ET Q q 0 0 0 rg BT 251.54 635.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 299.35 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 635.45 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 378.96 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 397.75 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 414.04 635.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 444.33 635.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 460.12 635.45 Td (environment ) Tj ET Q q 0 0 0 rg BT 513.42 635.45 Td (has ) Tj ET Q q 0 0 0 rg BT 531.71 635.45 Td (made ) Tj ET Q q 0 0 0 rg BT 558.00 635.45 Td (it ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 621.95 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 122.02 621.95 Td (challenging ) Tj ET Q q 0 0 0 rg BT 170.06 621.95 Td (for ) Tj ET Q q 0 0 0 rg BT 183.06 621.95 Td (multinational ) Tj ET Q q 0 0 0 rg BT 236.09 621.95 Td (corporations ) Tj ET Q q 0 0 0 rg BT 288.12 621.95 Td (to ) Tj ET Q q 0 0 0 rg BT 298.13 621.95 Td (operate ) Tj ET Q q 0 0 0 rg BT 331.15 621.95 Td (with ) Tj ET Q q 0 0 0 rg BT 349.66 621.95 Td (certainty ) Tj ET Q q 0 0 0 rg BT 386.17 621.95 Td (about ) Tj ET Q q 0 0 0 rg BT 411.19 621.95 Td (taxation ) Tj ET Q q 0 0 0 rg BT 445.21 621.95 Td (in ) Tj ET Q q 0 0 0 rg BT 454.72 621.95 Td (many ) Tj ET Q q 0 0 0 rg BT 479.23 621.95 Td (jurisdictions. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 602.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 89.81 602.45 Td (of ) Tj ET Q q 0 0 0 rg BT 99.61 602.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.42 602.45 Td (above ) Tj ET Q q 0 0 0 rg BT 141.24 602.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 170.54 602.45 Td (could ) Tj ET Q q 0 0 0 rg BT 194.36 602.45 Td (have ) Tj ET Q q 0 0 0 rg BT 216.17 602.45 Td (a ) Tj ET Q q 0 0 0 rg BT 223.48 602.45 Td (material ) Tj ET Q q 0 0 0 rg BT 257.78 602.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 292.10 602.45 Td (ef) Tj ET Q q 0 0 0 rg BT 299.44 602.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 316.25 602.45 Td (on ) Tj ET Q q 0 0 0 rg BT 328.56 602.45 Td (our ) Tj ET Q q 0 0 0 rg BT 343.86 602.45 Td (net ) Tj ET Q q 0 0 0 rg BT 358.67 602.45 Td (income ) Tj ET Q q 0 0 0 rg BT 389.98 602.45 Td (or ) Tj ET Q q 0 0 0 rg BT 400.28 602.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.59 602.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 439.89 602.45 Td (by ) Tj ET Q q 0 0 0 rg BT 451.70 602.45 Td (af) Tj ET Q q 0 0 0 rg BT 459.04 602.45 Td (fecting ) Tj ET Q q 0 0 0 rg BT 487.85 602.45 Td (our ) Tj ET Q q 0 0 0 rg BT 503.16 602.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.49 602.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 588.95 Td (profitability) Tj ET Q q 0 0 0 rg BT 114.35 588.95 Td (, ) Tj ET Q q 0 0 0 rg BT 120.08 588.95 Td (our ) Tj ET Q q 0 0 0 rg BT 136.32 588.95 Td (ef) Tj ET Q q 0 0 0 rg BT 143.66 588.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 172.90 588.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.14 588.95 Td (rate, ) Tj ET Q q 0 0 0 rg BT 209.38 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 225.12 588.95 Td (availability ) Tj ET Q q 0 0 0 rg BT 269.87 588.95 Td (of ) Tj ET Q q 0 0 0 rg BT 280.61 588.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 295.84 588.95 Td (credits, ) Tj ET Q q 0 0 0 rg BT 328.08 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 343.82 588.95 Td (cost ) Tj ET Q q 0 0 0 rg BT 363.56 588.95 Td (of ) Tj ET Q q 0 0 0 rg BT 374.30 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 390.04 588.95 Td (services ) Tj ET Q q 0 0 0 rg BT 426.28 588.95 Td (we ) Tj ET Q q 0 0 0 rg BT 441.01 588.95 Td (provide, ) Tj ET Q q 0 0 0 rg BT 476.26 588.95 Td (and ) Tj ET Q q 0 0 0 rg BT 494.51 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 510.25 588.95 Td (availability ) Tj ET Q q 0 0 0 rg BT 555.00 588.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 575.45 Td (deductions ) Tj ET Q q 0 0 0 rg BT 118.03 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 131.04 575.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 171.07 575.45 Td (losses.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 554.666796875 m 297.123046875 554.666796875 l s q 0 0 0 rg BT 72.00 555.95 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 107.02 555.95 Td (obtained ) Tj ET Q q 0 0 0 rg BT 144.05 555.95 Td (from ) Tj ET Q q 0 0 0 rg BT 164.55 555.95 Td (government ) Tj ET Q q 0 0 0 rg BT 214.58 555.95 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 259.11 555.95 Td (programs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 536.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 536.45 Td (e ) Tj ET Q q 0 0 0 rg BT 88.76 536.45 Td (benefit ) Tj ET Q q 0 0 0 rg BT 119.20 536.45 Td (from ) Tj ET Q q 0 0 0 rg BT 140.62 536.45 Td (government ) Tj ET Q q 0 0 0 rg BT 191.57 536.45 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 237.02 536.45 Td (programs ) Tj ET Q q 0 0 0 rg BT 278.45 536.45 Td (designed ) Tj ET Q q 0 0 0 rg BT 318.41 536.45 Td (to ) Tj ET Q q 0 0 0 rg BT 329.33 536.45 Td (support ) Tj ET Q q 0 0 0 rg BT 362.77 536.45 Td (research ) Tj ET Q q 0 0 0 rg BT 401.21 536.45 Td (and ) Tj ET Q q 0 0 0 rg BT 419.65 536.45 Td (development, ) Tj ET Q q 0 0 0 rg BT 477.10 536.45 Td (labour ) Tj ET Q q 0 0 0 rg BT 505.54 536.45 Td (and ) Tj ET Q q 0 0 0 rg BT 523.98 536.45 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 522.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 101.93 522.95 Td (in ) Tj ET Q q 0 0 0 rg BT 111.85 522.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 161.79 522.95 Td (where ) Tj ET Q q 0 0 0 rg BT 189.22 522.95 Td (we ) Tj ET Q q 0 0 0 rg BT 203.64 522.95 Td (operate. ) Tj ET Q q 0 0 0 rg BT 239.58 522.95 Td (Government ) Tj ET Q q 0 0 0 rg BT 292.02 522.95 Td (programs ) Tj ET Q q 0 0 0 rg BT 332.95 522.95 Td (reflect ) Tj ET Q q 0 0 0 rg BT 360.37 522.95 Td (government ) Tj ET Q q 0 0 0 rg BT 410.82 522.95 Td (policy ) Tj ET Q q 0 0 0 rg BT 436.74 522.95 Td (and ) Tj ET Q q 0 0 0 rg BT 454.68 522.95 Td (depend ) Tj ET Q q 0 0 0 rg BT 487.63 522.95 Td (on ) Tj ET Q q 0 0 0 rg BT 500.55 522.95 Td (various ) Tj ET Q q 0 0 0 rg BT 532.48 522.95 Td (political ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 509.45 Td (and ) Tj ET Q q 0 0 0 rg BT 88.61 509.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 128.73 509.45 Td (factors. ) Tj ET Q q 0 0 0 rg BT 159.73 509.45 Td (There ) Tj ET Q q 0 0 0 rg BT 184.84 509.45 Td (can ) Tj ET Q q 0 0 0 rg BT 200.95 509.45 Td (be ) Tj ET Q q 0 0 0 rg BT 212.55 509.45 Td (no ) Tj ET Q q 0 0 0 rg BT 224.16 509.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 267.28 509.45 Td (that ) Tj ET Q q 0 0 0 rg BT 283.89 509.45 Td (such ) Tj ET Q q 0 0 0 rg BT 304.50 509.45 Td (government ) Tj ET Q q 0 0 0 rg BT 353.62 509.45 Td (programs ) Tj ET Q q 0 0 0 rg BT 393.23 509.45 Td (will ) Tj ET Q q 0 0 0 rg BT 407.33 509.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 442.95 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 452.06 509.45 Td (be ) Tj ET Q q 0 0 0 rg BT 463.66 509.45 Td (available ) Tj ET Q q 0 0 0 rg BT 500.79 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 509.89 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 524.00 509.45 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 495.95 Td (in ) Tj ET Q q 0 0 0 rg BT 82.02 495.95 Td (the ) Tj ET Q q 0 0 0 rg BT 97.56 495.95 Td (future, ) Tj ET Q q 0 0 0 rg BT 126.09 495.95 Td (or ) Tj ET Q q 0 0 0 rg BT 137.11 495.95 Td (will ) Tj ET Q q 0 0 0 rg BT 152.63 495.95 Td (not ) Tj ET Q q 0 0 0 rg BT 168.16 495.95 Td (be ) Tj ET Q q 0 0 0 rg BT 181.19 495.95 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 219.23 495.95 Td (amended ) Tj ET Q q 0 0 0 rg BT 259.78 495.95 Td (or ) Tj ET Q q 0 0 0 rg BT 270.80 495.95 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 316.75 495.95 Td (Any ) Tj ET Q q 0 0 0 rg BT 335.28 495.95 Td (future ) Tj ET Q q 0 0 0 rg BT 361.31 495.95 Td (government ) Tj ET Q q 0 0 0 rg BT 411.86 495.95 Td (program ) Tj ET Q q 0 0 0 rg BT 448.39 495.95 Td (reductions ) Tj ET Q q 0 0 0 rg BT 492.93 495.95 Td (or ) Tj ET Q q 0 0 0 rg BT 503.95 495.95 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 554.50 495.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 482.45 Td (other ) Tj ET Q q 0 0 0 rg BT 94.82 482.45 Td (amendments ) Tj ET Q q 0 0 0 rg BT 149.16 482.45 Td (to ) Tj ET Q q 0 0 0 rg BT 158.97 482.45 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 482.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.11 482.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.42 482.45 Td (programs ) Tj ET Q q 0 0 0 rg BT 252.74 482.45 Td (could ) Tj ET Q q 0 0 0 rg BT 276.57 482.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 312.90 482.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 352.73 482.45 Td (or ) Tj ET Q q 0 0 0 rg BT 363.04 482.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 391.37 482.45 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 445.21 482.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 480.04 482.45 Td (by ) Tj ET Q q 0 0 0 rg BT 491.85 482.45 Td (the ) Tj ET Q q 0 0 0 rg BT 506.67 482.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 547.50 482.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 468.95 Td (have ) Tj ET Q q 0 0 0 rg BT 94.02 468.95 Td (a ) Tj ET Q q 0 0 0 rg BT 101.52 468.95 Td (material ) Tj ET Q q 0 0 0 rg BT 136.03 468.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 170.55 468.95 Td (ef) Tj ET Q q 0 0 0 rg BT 177.90 468.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 194.90 468.95 Td (on ) Tj ET Q q 0 0 0 rg BT 207.41 468.95 Td (its ) Tj ET Q q 0 0 0 rg BT 218.91 468.95 Td (net ) Tj ET Q q 0 0 0 rg BT 233.93 468.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 270.95 468.95 Td (or ) Tj ET Q q 0 0 0 rg BT 281.45 468.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 302.96 468.95 Td (flow) Tj ET Q q 0 0 0 rg BT 318.47 468.95 Td (. ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 445.166796875 m 341.11669921875 445.166796875 l s q 0 0 0 rg BT 72.00 446.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 98.51 446.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 115.00 446.45 Td (with ) Tj ET Q q 0 0 0 rg BT 133.51 446.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 165.52 446.45 Td (to ) Tj ET Q q 0 0 0 rg BT 175.53 446.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 214.05 446.45 Td (receivable ) Tj ET Q q 0 0 0 rg BT 257.58 446.45 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 446.45 Td (work ) Tj ET Q q 0 0 0 rg BT 296.60 446.45 Td (in ) Tj ET Q q 0 0 0 rg BT 306.10 446.45 Td (progress) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 426.95 Td (In ) Tj ET Q q 0 0 0 rg BT 82.57 426.95 Td (order ) Tj ET Q q 0 0 0 rg BT 106.65 426.95 Td (to ) Tj ET Q q 0 0 0 rg BT 117.22 426.95 Td (sustain ) Tj ET Q q 0 0 0 rg BT 148.80 426.95 Td (our ) Tj ET Q q 0 0 0 rg BT 164.87 426.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 186.94 426.95 Td (flow ) Tj ET Q q 0 0 0 rg BT 206.01 426.95 Td (from ) Tj ET Q q 0 0 0 rg BT 227.08 426.95 Td (operations, ) Tj ET Q q 0 0 0 rg BT 274.67 426.95 Td (we ) Tj ET Q q 0 0 0 rg BT 289.24 426.95 Td (must ) Tj ET Q q 0 0 0 rg BT 311.81 426.95 Td (invoice ) Tj ET Q q 0 0 0 rg BT 342.89 426.95 Td (and ) Tj ET Q q 0 0 0 rg BT 360.97 426.95 Td (collect ) Tj ET Q q 0 0 0 rg BT 389.54 426.95 Td (the ) Tj ET Q q 0 0 0 rg BT 405.12 426.95 Td (amounts ) Tj ET Q q 0 0 0 rg BT 442.70 426.95 Td (owed ) Tj ET Q q 0 0 0 rg BT 467.28 426.95 Td (to ) Tj ET Q q 0 0 0 rg BT 477.85 426.95 Td (us ) Tj ET Q q 0 0 0 rg BT 490.42 426.95 Td (in ) Tj ET Q q 0 0 0 rg BT 500.49 426.95 Td (an ) Tj ET Q q 0 0 0 rg BT 513.57 426.95 Td (ef) Tj ET Q q 0 0 0 rg BT 520.91 426.95 Td (ficient ) Tj ET Q q 0 0 0 rg BT 547.49 426.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 413.45 Td (timely ) Tj ET Q q 0 0 0 rg BT 98.56 413.45 Td (manner) Tj ET Q q 0 0 0 rg BT 128.58 413.45 Td (. ) Tj ET Q q 0 0 0 rg BT 133.52 413.45 Td (Although ) Tj ET Q q 0 0 0 rg BT 172.11 413.45 Td (we ) Tj ET Q q 0 0 0 rg BT 186.67 413.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 223.74 413.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 267.31 413.45 Td (to ) Tj ET Q q 0 0 0 rg BT 277.87 413.45 Td (account ) Tj ET Q q 0 0 0 rg BT 312.45 413.45 Td (for ) Tj ET Q q 0 0 0 rg BT 326.01 413.45 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 372.60 413.45 Td (shortfalls ) Tj ET Q q 0 0 0 rg BT 411.66 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 421.72 413.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 459.30 413.45 Td (collected ) Tj ET Q q 0 0 0 rg BT 497.87 413.45 Td (from ) Tj ET Q q 0 0 0 rg BT 518.93 413.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 549.99 413.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 399.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 115.11 399.95 Td (we ) Tj ET Q q 0 0 0 rg BT 129.21 399.95 Td (take ) Tj ET Q q 0 0 0 rg BT 148.82 399.95 Td (are ) Tj ET Q q 0 0 0 rg BT 164.42 399.95 Td (based ) Tj ET Q q 0 0 0 rg BT 191.54 399.95 Td (on ) Tj ET Q q 0 0 0 rg BT 204.14 399.95 Td (management ) Tj ET Q q 0 0 0 rg BT 259.27 399.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 300.38 399.95 Td (and ) Tj ET Q q 0 0 0 rg BT 317.99 399.95 Td (on ) Tj ET Q q 0 0 0 rg BT 330.59 399.95 Td (our ) Tj ET Q q 0 0 0 rg BT 346.20 399.95 Td (assessment ) Tj ET Q q 0 0 0 rg BT 396.81 399.95 Td (of ) Tj ET Q q 0 0 0 rg BT 406.91 399.95 Td (our ) Tj ET Q q 0 0 0 rg BT 422.51 399.95 Td (clients) Tj ET Q q 0 0 0 rg BT 449.69 399.95 Td ( ) Tj ET Q q 0 0 0 rg BT 452.28 399.95 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 519.90 399.95 Td (which ) Tj ET Q q 0 0 0 rg BT 545.51 399.95 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 386.45 Td (prove ) Tj ET Q q 0 0 0 rg BT 97.03 386.45 Td (to ) Tj ET Q q 0 0 0 rg BT 107.05 386.45 Td (be ) Tj ET Q q 0 0 0 rg BT 119.58 386.45 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 166.64 386.45 Td (in ) Tj ET Q q 0 0 0 rg BT 176.17 386.45 Td (the ) Tj ET Q q 0 0 0 rg BT 191.19 386.45 Td (light ) Tj ET Q q 0 0 0 rg BT 210.22 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 220.25 386.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 246.78 386.45 Td (results. ) Tj ET Q q 0 0 0 rg BT 278.14 386.45 Td (T) Tj ET Q q 0 0 0 rg BT 282.64 386.45 Td (o ) Tj ET Q q 0 0 0 rg BT 290.16 386.45 Td (the ) Tj ET Q q 0 0 0 rg BT 305.19 386.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 332.23 386.45 Td (that ) Tj ET Q q 0 0 0 rg BT 349.76 386.45 Td (we ) Tj ET Q q 0 0 0 rg BT 363.78 386.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 377.80 386.45 Td (to ) Tj ET Q q 0 0 0 rg BT 387.83 386.45 Td (perform ) Tj ET Q q 0 0 0 rg BT 421.35 386.45 Td (our ) Tj ET Q q 0 0 0 rg BT 436.88 386.45 Td (services ) Tj ET Q q 0 0 0 rg BT 472.40 386.45 Td (in ) Tj ET Q q 0 0 0 rg BT 481.92 386.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 530.97 386.45 Td (with ) Tj ET Q q 0 0 0 rg BT 549.49 386.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 372.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 110.89 372.95 Td (and ) Tj ET Q q 0 0 0 rg BT 128.29 372.95 Td (our ) Tj ET Q q 0 0 0 rg BT 143.67 372.95 Td (clients) Tj ET Q q 0 0 0 rg BT 170.85 372.95 Td ( ) Tj ET Q q 0 0 0 rg BT 173.23 372.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 220.14 372.95 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 275.55 372.95 Td (and ) Tj ET Q q 0 0 0 rg BT 292.95 372.95 Td (to ) Tj ET Q q 0 0 0 rg BT 302.83 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.72 372.95 Td (extent ) Tj ET Q q 0 0 0 rg BT 344.62 372.95 Td (that ) Tj ET Q q 0 0 0 rg BT 362.01 372.95 Td (we ) Tj ET Q q 0 0 0 rg BT 375.89 372.95 Td (fail ) Tj ET Q q 0 0 0 rg BT 389.77 372.95 Td (to ) Tj ET Q q 0 0 0 rg BT 399.66 372.95 Td (invoice ) Tj ET Q q 0 0 0 rg BT 430.05 372.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 457.94 372.95 Td (and ) Tj ET Q q 0 0 0 rg BT 475.33 372.95 Td (to ) Tj ET Q q 0 0 0 rg BT 485.22 372.95 Td (collect ) Tj ET Q q 0 0 0 rg BT 513.11 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 528.00 372.95 Td (amounts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 359.45 Td (owed ) Tj ET Q q 0 0 0 rg BT 95.07 359.45 Td (to ) Tj ET Q q 0 0 0 rg BT 104.12 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.19 359.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.25 359.45 Td (for ) Tj ET Q q 0 0 0 rg BT 170.31 359.45 Td (our ) Tj ET Q q 0 0 0 rg BT 184.87 359.45 Td (services ) Tj ET Q q 0 0 0 rg BT 219.42 359.45 Td (correctly ) Tj ET Q q 0 0 0 rg BT 254.98 359.45 Td (in ) Tj ET Q q 0 0 0 rg BT 263.54 359.45 Td (a ) Tj ET Q q 0 0 0 rg BT 270.09 359.45 Td (timely ) Tj ET Q q 0 0 0 rg BT 295.14 359.45 Td (manner) Tj ET Q q 0 0 0 rg BT 325.16 359.45 Td (, ) Tj ET Q q 0 0 0 rg BT 329.21 359.45 Td (our ) Tj ET Q q 0 0 0 rg BT 343.77 359.45 Td (collections ) Tj ET Q q 0 0 0 rg BT 387.34 359.45 Td (could ) Tj ET Q q 0 0 0 rg BT 410.41 359.45 Td (suf) Tj ET Q q 0 0 0 rg BT 422.25 359.45 Td (fer) Tj ET Q q 0 0 0 rg BT 432.26 359.45 Td (, ) Tj ET Q q 0 0 0 rg BT 436.31 359.45 Td (which ) Tj ET Q q 0 0 0 rg BT 460.87 359.45 Td (could ) Tj ET Q q 0 0 0 rg BT 483.94 359.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 524.00 359.45 Td (adversely ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 345.95 Td (af) Tj ET Q q 0 0 0 rg BT 79.34 345.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 96.66 345.95 Td (our ) Tj ET Q q 0 0 0 rg BT 112.48 345.95 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 150.31 345.95 Td (net ) Tj ET Q q 0 0 0 rg BT 165.64 345.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 202.97 345.95 Td (and ) Tj ET Q q 0 0 0 rg BT 220.80 345.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.62 345.95 Td (flow) Tj ET Q q 0 0 0 rg BT 258.13 345.95 Td (. ) Tj ET Q q 0 0 0 rg BT 263.44 345.95 Td (In ) Tj ET Q q 0 0 0 rg BT 273.75 345.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 310.59 345.95 Td (a ) Tj ET Q q 0 0 0 rg BT 318.41 345.95 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 361.25 345.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 402.58 345.95 Td (downturn ) Tj ET Q q 0 0 0 rg BT 442.41 345.95 Td (may ) Tj ET Q q 0 0 0 rg BT 462.23 345.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 489.05 345.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 517.37 345.95 Td (to ) Tj ET Q q 0 0 0 rg BT 527.69 345.95 Td (curtail ) Tj ET Q q 0 0 0 rg BT 554.51 345.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 332.45 Td (defer ) Tj ET Q q 0 0 0 rg BT 93.98 332.45 Td (projects, ) Tj ET Q q 0 0 0 rg BT 129.45 332.45 Td (impair ) Tj ET Q q 0 0 0 rg BT 155.42 332.45 Td (their ) Tj ET Q q 0 0 0 rg BT 174.38 332.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 198.86 332.45 Td (to ) Tj ET Q q 0 0 0 rg BT 207.82 332.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 223.80 332.45 Td (for ) Tj ET Q q 0 0 0 rg BT 235.76 332.45 Td (services ) Tj ET Q q 0 0 0 rg BT 270.23 332.45 Td (already ) Tj ET Q q 0 0 0 rg BT 301.21 332.45 Td (provided, ) Tj ET Q q 0 0 0 rg BT 339.69 332.45 Td (and ) Tj ET Q q 0 0 0 rg BT 356.17 332.45 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 395.65 332.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 421.12 332.45 Td (them ) Tj ET Q q 0 0 0 rg BT 442.59 332.45 Td (to ) Tj ET Q q 0 0 0 rg BT 451.56 332.45 Td (default ) Tj ET Q q 0 0 0 rg BT 480.04 332.45 Td (on ) Tj ET Q q 0 0 0 rg BT 491.52 332.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 523.49 332.45 Td (contracts, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 318.95 Td (in ) Tj ET Q q 0 0 0 rg BT 81.51 318.95 Td (each ) Tj ET Q q 0 0 0 rg BT 103.52 318.95 Td (case, ) Tj ET Q q 0 0 0 rg BT 127.53 318.95 Td (causing ) Tj ET Q q 0 0 0 rg BT 161.06 318.95 Td (a ) Tj ET Q q 0 0 0 rg BT 168.56 318.95 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 202.57 318.95 Td (in ) Tj ET Q q 0 0 0 rg BT 212.08 318.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 247.10 318.95 Td (and ) Tj ET Q q 0 0 0 rg BT 264.62 318.95 Td (impairing ) Tj ET Q q 0 0 0 rg BT 303.64 318.95 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 318.95 Td (future ) Tj ET Q q 0 0 0 rg BT 344.66 318.95 Td (prospects.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 295.166796875 m 565.00244140625 295.166796875 l s q 0 0 0 rg BT 72.00 296.45 Td (Material ) Tj ET Q q 0 0 0 rg BT 107.49 296.45 Td (developments ) Tj ET Q q 0 0 0 rg BT 167.01 296.45 Td (regarding ) Tj ET Q q 0 0 0 rg BT 208.52 296.45 Td (major ) Tj ET Q q 0 0 0 rg BT 234.51 296.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 284.00 296.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 313.00 296.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 350.50 296.45 Td (from ) Tj ET Q q 0 0 0 rg BT 371.98 296.45 Td (such ) Tj ET Q q 0 0 0 rg BT 394.48 296.45 Td (causes ) Tj ET Q q 0 0 0 rg BT 426.48 296.45 Td (as ) Tj ET Q q 0 0 0 rg BT 439.47 296.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 476.98 296.45 Td (in ) Tj ET Q q 0 0 0 rg BT 487.47 296.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.98 296.45 Td (condition, ) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 281.66679687500005 m 203.05810546875 281.66679687500005 l s q 0 0 0 rg BT 72.00 282.95 Td (mergers ) Tj ET Q q 0 0 0 rg BT 107.51 282.95 Td (or ) Tj ET Q q 0 0 0 rg BT 118.01 282.95 Td (business ) Tj ET Q q 0 0 0 rg BT 156.03 282.95 Td (acquisitions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 263.45 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 128.69 263.45 Td (among ) Tj ET Q q 0 0 0 rg BT 158.36 263.45 Td (our ) Tj ET Q q 0 0 0 rg BT 173.52 263.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 201.19 263.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 237.36 263.45 Td (from ) Tj ET Q q 0 0 0 rg BT 257.51 263.45 Td (mergers ) Tj ET Q q 0 0 0 rg BT 292.67 263.45 Td (and ) Tj ET Q q 0 0 0 rg BT 309.84 263.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 359.02 263.45 Td (may ) Tj ET Q q 0 0 0 rg BT 378.18 263.45 Td (result ) Tj ET Q q 0 0 0 rg BT 402.34 263.45 Td (in ) Tj ET Q q 0 0 0 rg BT 411.50 263.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 429.66 263.45 Td (or ) Tj ET Q q 0 0 0 rg BT 439.82 263.45 Td (reduction ) Tj ET Q q 0 0 0 rg BT 478.99 263.45 Td (of ) Tj ET Q q 0 0 0 rg BT 488.65 263.45 Td (business ) Tj ET Q q 0 0 0 rg BT 526.33 263.45 Td (when ) Tj ET Q q 0 0 0 rg BT 550.00 263.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 249.95 Td (successor ) Tj ET Q q 0 0 0 rg BT 116.16 249.95 Td (business) Tj ET Q q 0 0 0 rg BT 153.34 249.95 Td ( ) Tj ET Q q 0 0 0 rg BT 156.99 249.95 Td (IT) Tj ET Q q 0 0 0 rg BT 164.82 249.95 Td ( ) Tj ET Q q 0 0 0 rg BT 168.46 249.95 Td (needs ) Tj ET Q q 0 0 0 rg BT 196.63 249.95 Td (are ) Tj ET Q q 0 0 0 rg BT 213.28 249.95 Td (served ) Tj ET Q q 0 0 0 rg BT 243.94 249.95 Td (by ) Tj ET Q q 0 0 0 rg BT 257.08 249.95 Td (another ) Tj ET Q q 0 0 0 rg BT 291.25 249.95 Td (service ) Tj ET Q q 0 0 0 rg BT 323.40 249.95 Td (provider ) Tj ET Q q 0 0 0 rg BT 359.56 249.95 Td (or ) Tj ET Q q 0 0 0 rg BT 371.21 249.95 Td (are ) Tj ET Q q 0 0 0 rg BT 387.86 249.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 426.02 249.95 Td (by ) Tj ET Q q 0 0 0 rg BT 439.17 249.95 Td (the ) Tj ET Q q 0 0 0 rg BT 455.33 249.95 Td (successor ) Tj ET Q q 0 0 0 rg BT 499.48 249.95 Td (company) Tj ET Q q 0 0 0 rg BT 537.84 249.95 Td (s ) Tj ET Q q 0 0 0 rg BT 545.98 249.95 Td (own ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 236.45 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 115.92 236.45 Td (Growth ) Tj ET Q q 0 0 0 rg BT 146.81 236.45 Td (in ) Tj ET Q q 0 0 0 rg BT 155.71 236.45 Td (a ) Tj ET Q q 0 0 0 rg BT 162.60 236.45 Td (client) Tj ET Q q 0 0 0 rg BT 185.45 236.45 Td (s ) Tj ET Q q 0 0 0 rg BT 191.83 236.45 Td (IT) Tj ET Q q 0 0 0 rg BT 199.67 236.45 Td ( ) Tj ET Q q 0 0 0 rg BT 201.56 236.45 Td (needs ) Tj ET Q q 0 0 0 rg BT 227.97 236.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 263.87 236.45 Td (from ) Tj ET Q q 0 0 0 rg BT 283.76 236.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 332.67 236.45 Td (or ) Tj ET Q q 0 0 0 rg BT 342.56 236.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 386.48 236.45 Td (may ) Tj ET Q q 0 0 0 rg BT 405.37 236.45 Td (mean ) Tj ET Q q 0 0 0 rg BT 429.77 236.45 Td (that ) Tj ET Q q 0 0 0 rg BT 446.67 236.45 Td (we ) Tj ET Q q 0 0 0 rg BT 460.06 236.45 Td (no ) Tj ET Q q 0 0 0 rg BT 471.96 236.45 Td (longer ) Tj ET Q q 0 0 0 rg BT 498.87 236.45 Td (have ) Tj ET Q q 0 0 0 rg BT 520.27 236.45 Td (a ) Tj ET Q q 0 0 0 rg BT 527.16 236.45 Td (suf) Tj ET Q q 0 0 0 rg BT 539.01 236.45 Td (ficient ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 222.95 Td (geographic ) Tj ET Q q 0 0 0 rg BT 119.23 222.95 Td (scope ) Tj ET Q q 0 0 0 rg BT 145.94 222.95 Td (or ) Tj ET Q q 0 0 0 rg BT 156.64 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 171.85 222.95 Td (critical ) Tj ET Q q 0 0 0 rg BT 200.04 222.95 Td (mass ) Tj ET Q q 0 0 0 rg BT 224.24 222.95 Td (to ) Tj ET Q q 0 0 0 rg BT 234.44 222.95 Td (serve ) Tj ET Q q 0 0 0 rg BT 259.15 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 274.35 222.95 Td (client) Tj ET Q q 0 0 0 rg BT 297.20 222.95 Td (s ) Tj ET Q q 0 0 0 rg BT 304.40 222.95 Td (needs ) Tj ET Q q 0 0 0 rg BT 331.62 222.95 Td (ef) Tj ET Q q 0 0 0 rg BT 338.96 222.95 Td (ficiently) Tj ET Q q 0 0 0 rg BT 368.30 222.95 Td (, ) Tj ET Q q 0 0 0 rg BT 373.50 222.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 410.21 222.95 Td (in ) Tj ET Q q 0 0 0 rg BT 419.91 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 435.12 222.95 Td (loss ) Tj ET Q q 0 0 0 rg BT 453.82 222.95 Td (of ) Tj ET Q q 0 0 0 rg BT 464.02 222.95 Td (the ) Tj ET Q q 0 0 0 rg BT 479.23 222.95 Td (client) Tj ET Q q 0 0 0 rg BT 502.08 222.95 Td (s ) Tj ET Q q 0 0 0 rg BT 509.27 222.95 Td (business ) Tj ET Q q 0 0 0 rg BT 547.49 222.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 209.45 Td (impairing ) Tj ET Q q 0 0 0 rg BT 110.44 209.45 Td (our ) Tj ET Q q 0 0 0 rg BT 125.37 209.45 Td (future ) Tj ET Q q 0 0 0 rg BT 150.30 209.45 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 193.62 209.45 Td (There ) Tj ET Q q 0 0 0 rg BT 219.06 209.45 Td (can ) Tj ET Q q 0 0 0 rg BT 235.49 209.45 Td (be ) Tj ET Q q 0 0 0 rg BT 247.42 209.45 Td (no ) Tj ET Q q 0 0 0 rg BT 259.36 209.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 302.80 209.45 Td (that ) Tj ET Q q 0 0 0 rg BT 319.74 209.45 Td (we ) Tj ET Q q 0 0 0 rg BT 333.17 209.45 Td (will ) Tj ET Q q 0 0 0 rg BT 347.59 209.45 Td (be ) Tj ET Q q 0 0 0 rg BT 359.52 209.45 Td (able ) Tj ET Q q 0 0 0 rg BT 378.46 209.45 Td (to ) Tj ET Q q 0 0 0 rg BT 387.89 209.45 Td (achieve ) Tj ET Q q 0 0 0 rg BT 420.83 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 435.27 209.45 Td (objectives ) Tj ET Q q 0 0 0 rg BT 477.21 209.45 Td (of ) Tj ET Q q 0 0 0 rg BT 486.64 209.45 Td (our ) Tj ET Q q 0 0 0 rg BT 501.57 209.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 530.50 209.45 Td (strategy ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 195.95 Td (in ) Tj ET Q q 0 0 0 rg BT 81.51 195.95 Td (order ) Tj ET Q q 0 0 0 rg BT 105.02 195.95 Td (to ) Tj ET Q q 0 0 0 rg BT 115.02 195.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 151.54 195.95 Td (and ) Tj ET Q q 0 0 0 rg BT 169.06 195.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.58 195.95 Td (our ) Tj ET Q q 0 0 0 rg BT 221.08 195.95 Td (geographic ) Tj ET Q q 0 0 0 rg BT 268.12 195.95 Td (scope ) Tj ET Q q 0 0 0 rg BT 294.64 195.95 Td (and ) Tj ET Q q 0 0 0 rg BT 312.15 195.95 Td (critical ) Tj ET Q q 0 0 0 rg BT 340.15 195.95 Td (mass ) Tj ET Q q 0 0 0 rg BT 364.16 195.95 Td (in ) Tj ET Q q 0 0 0 rg BT 373.66 195.95 Td (our ) Tj ET Q q 0 0 0 rg BT 389.17 195.95 Td (targeted ) Tj ET Q q 0 0 0 rg BT 424.70 195.95 Td (markets.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 172.16679687500005 m 156.0234375 172.16679687500005 l s q 0 0 0 rg BT 72.00 173.45 Td (Early ) Tj ET Q q 0 0 0 rg BT 95.01 173.45 Td (termination ) Tj ET Q q 0 0 0 rg BT 142.03 173.45 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 153.95 Td (If ) Tj ET Q q 0 0 0 rg BT 80.25 153.95 Td (we ) Tj ET Q q 0 0 0 rg BT 95.01 153.95 Td (should ) Tj ET Q q 0 0 0 rg BT 124.78 153.95 Td (fail ) Tj ET Q q 0 0 0 rg BT 139.54 153.95 Td (to ) Tj ET Q q 0 0 0 rg BT 150.29 153.95 Td (deliver ) Tj ET Q q 0 0 0 rg BT 180.06 153.95 Td (our ) Tj ET Q q 0 0 0 rg BT 196.32 153.95 Td (services ) Tj ET Q q 0 0 0 rg BT 232.58 153.95 Td (according ) Tj ET Q q 0 0 0 rg BT 274.85 153.95 Td (to ) Tj ET Q q 0 0 0 rg BT 285.61 153.95 Td (contractual ) Tj ET Q q 0 0 0 rg BT 332.88 153.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 386.16 153.95 Td (some ) Tj ET Q q 0 0 0 rg BT 411.42 153.95 Td (of ) Tj ET Q q 0 0 0 rg BT 422.18 153.95 Td (our ) Tj ET Q q 0 0 0 rg BT 438.44 153.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 467.20 153.95 Td (could ) Tj ET Q q 0 0 0 rg BT 491.97 153.95 Td (elect ) Tj ET Q q 0 0 0 rg BT 514.23 153.95 Td (to ) Tj ET Q q 0 0 0 rg BT 524.99 153.95 Td (terminate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 140.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 110.67 140.45 Td (before ) Tj ET Q q 0 0 0 rg BT 138.34 140.45 Td (their ) Tj ET Q q 0 0 0 rg BT 158.01 140.45 Td (agreed ) Tj ET Q q 0 0 0 rg BT 188.18 140.45 Td (expiry ) Tj ET Q q 0 0 0 rg BT 214.35 140.45 Td (date, ) Tj ET Q q 0 0 0 rg BT 236.52 140.45 Td (which ) Tj ET Q q 0 0 0 rg BT 261.68 140.45 Td (would ) Tj ET Q q 0 0 0 rg BT 287.35 140.45 Td (result ) Tj ET Q q 0 0 0 rg BT 311.52 140.45 Td (in ) Tj ET Q q 0 0 0 rg BT 320.67 140.45 Td (a ) Tj ET Q q 0 0 0 rg BT 327.83 140.45 Td (reduction ) Tj ET Q q 0 0 0 rg BT 367.01 140.45 Td (of ) Tj ET Q q 0 0 0 rg BT 376.67 140.45 Td (our ) Tj ET Q q 0 0 0 rg BT 391.84 140.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 428.52 140.45 Td (and ) Tj ET Q q 0 0 0 rg BT 445.69 140.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.85 140.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 485.01 140.45 Td (and ) Tj ET Q q 0 0 0 rg BT 502.18 140.45 Td (may ) Tj ET Q q 0 0 0 rg BT 521.34 140.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 550.00 140.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 126.95 Td (value ) Tj ET Q q 0 0 0 rg BT 95.22 126.95 Td (of ) Tj ET Q q 0 0 0 rg BT 104.43 126.95 Td (our ) Tj ET Q q 0 0 0 rg BT 119.15 126.95 Td (backlog ) Tj ET Q q 0 0 0 rg BT 151.87 126.95 Td (of ) Tj ET Q q 0 0 0 rg BT 161.08 126.95 Td (orders. ) Tj ET Q q 0 0 0 rg BT 190.80 126.95 Td (In ) Tj ET Q q 0 0 0 rg BT 200.01 126.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 235.74 126.95 Td (a ) Tj ET Q q 0 0 0 rg BT 242.46 126.95 Td (number ) Tj ET Q q 0 0 0 rg BT 274.68 126.95 Td (of ) Tj ET Q q 0 0 0 rg BT 283.89 126.95 Td (our ) Tj ET Q q 0 0 0 rg BT 298.60 126.95 Td (managed ) Tj ET Q q 0 0 0 rg BT 337.84 126.95 Td (IT) Tj ET Q q 0 0 0 rg BT 345.67 126.95 Td ( ) Tj ET Q q 0 0 0 rg BT 347.38 126.95 Td (and ) Tj ET Q q 0 0 0 rg BT 364.10 126.95 Td (business ) Tj ET Q q 0 0 0 rg BT 401.33 126.95 Td (process ) Tj ET Q q 0 0 0 rg BT 434.54 126.95 Td (services ) Tj ET Q q 0 0 0 rg BT 469.26 126.95 Td (contractual ) Tj ET Q q 0 0 0 rg BT 514.99 126.95 Td (agreements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 113.45 Td (have ) Tj ET Q q 0 0 0 rg BT 94.33 113.45 Td (termination ) Tj ET Q q 0 0 0 rg BT 141.66 113.45 Td (for ) Tj ET Q q 0 0 0 rg BT 154.97 113.45 Td (convenience ) Tj ET Q q 0 0 0 rg BT 208.32 113.45 Td (and ) Tj ET Q q 0 0 0 rg BT 226.14 113.45 Td (change ) Tj ET Q q 0 0 0 rg BT 258.48 113.45 Td (of ) Tj ET Q q 0 0 0 rg BT 268.79 113.45 Td (control ) Tj ET Q q 0 0 0 rg BT 298.62 113.45 Td (clauses ) Tj ET Q q 0 0 0 rg BT 331.94 113.45 Td (according ) Tj ET Q q 0 0 0 rg BT 373.77 113.45 Td (to ) Tj ET Q q 0 0 0 rg BT 384.09 113.45 Td (which ) Tj ET Q q 0 0 0 rg BT 409.91 113.45 Td (a ) Tj ET Q q 0 0 0 rg BT 417.72 113.45 Td (change ) Tj ET Q q 0 0 0 rg BT 450.06 113.45 Td (in ) Tj ET Q q 0 0 0 rg BT 459.87 113.45 Td (the ) Tj ET Q q 0 0 0 rg BT 475.20 113.45 Td (client) Tj ET Q q 0 0 0 rg BT 498.04 113.45 Td (s ) Tj ET Q q 0 0 0 rg BT 505.35 113.45 Td (intentions ) Tj ET Q q 0 0 0 rg BT 546.69 113.45 Td (or ) Tj ET Q q 0 0 0 rg BT 557.50 113.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 99.95 Td (change ) Tj ET Q q 0 0 0 rg BT 103.92 99.95 Td (in ) Tj ET Q q 0 0 0 rg BT 113.31 99.95 Td (control ) Tj ET Q q 0 0 0 rg BT 142.71 99.95 Td (of ) Tj ET Q q 0 0 0 rg BT 152.60 99.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 170.99 99.95 Td (could ) Tj ET Q q 0 0 0 rg BT 194.90 99.95 Td (lead ) Tj ET Q q 0 0 0 rg BT 214.30 99.95 Td (to ) Tj ET Q q 0 0 0 rg BT 224.19 99.95 Td (a ) Tj ET Q q 0 0 0 rg BT 231.59 99.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 278.50 99.95 Td (of ) Tj ET Q q 0 0 0 rg BT 288.39 99.95 Td (these ) Tj ET Q q 0 0 0 rg BT 312.80 99.95 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 365.21 99.95 Td (Early ) Tj ET Q q 0 0 0 rg BT 388.10 99.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 422.51 99.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 469.42 99.95 Td (can ) Tj ET Q q 0 0 0 rg BT 486.31 99.95 Td (also ) Tj ET Q q 0 0 0 rg BT 505.21 99.95 Td (result ) Tj ET Q q 0 0 0 rg BT 529.61 99.95 Td (from ) Tj ET Q q 0 0 0 rg BT 550.00 99.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 86.45 Td (exercise ) Tj ET Q q 0 0 0 rg BT 108.48 86.45 Td (of ) Tj ET Q q 0 0 0 rg BT 118.95 86.45 Td (a ) Tj ET Q q 0 0 0 rg BT 126.92 86.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 148.90 86.45 Td (right ) Tj ET Q q 0 0 0 rg BT 169.37 86.45 Td (or ) Tj ET Q q 0 0 0 rg BT 180.34 86.45 Td (when ) Tj ET Q q 0 0 0 rg BT 204.82 86.45 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 265.30 86.45 Td (that ) Tj ET Q q 0 0 0 rg BT 283.27 86.45 Td (are ) Tj ET Q q 0 0 0 rg BT 299.24 86.45 Td (beyond ) Tj ET Q q 0 0 0 rg BT 331.73 86.45 Td (our ) Tj ET Q q 0 0 0 rg BT 347.71 86.45 Td (control ) Tj ET Q q 0 0 0 rg BT 377.68 86.45 Td (or ) Tj ET Q q 0 0 0 rg BT 388.65 86.45 Td (beyond ) Tj ET Q q 0 0 0 rg BT 421.14 86.45 Td (the ) Tj ET Q q 0 0 0 rg BT 436.62 86.45 Td (control ) Tj ET Q q 0 0 0 rg BT 466.60 86.45 Td (of ) Tj ET Q q 0 0 0 rg BT 477.07 86.45 Td (our ) Tj ET Q q 0 0 0 rg BT 493.04 86.45 Td (client ) Tj ET Q q 0 0 0 rg BT 517.01 86.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 550.00 86.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 72.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 106.38 72.95 Td (from ) Tj ET Q q 0 0 0 rg BT 126.74 72.95 Td (continuing. ) Tj ET Q q 0 0 0 rg BT 172.64 72.95 Td (In ) Tj ET Q q 0 0 0 rg BT 182.51 72.95 Td (cases ) Tj ET Q q 0 0 0 rg BT 208.38 72.95 Td (of ) Tj ET Q q 0 0 0 rg BT 218.25 72.95 Td (early ) Tj ET Q q 0 0 0 rg BT 240.12 72.95 Td (termination, ) Tj ET Q q 0 0 0 rg BT 289.51 72.95 Td (we ) Tj ET Q q 0 0 0 rg BT 303.38 72.95 Td (may ) Tj ET Q q 0 0 0 rg BT 322.74 72.95 Td (not ) Tj ET Q q 0 0 0 rg BT 337.62 72.95 Td (be ) Tj ET Q q 0 0 0 rg BT 349.99 72.95 Td (able ) Tj ET Q q 0 0 0 rg BT 369.37 72.95 Td (to ) Tj ET Q q 0 0 0 rg BT 379.24 72.95 Td (recover ) Tj ET Q q 0 0 0 rg BT 411.62 72.95 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 456.50 72.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 490.88 72.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 514.25 72.95 Td (and ) Tj ET Q q 0 0 0 rg BT 531.63 72.95 Td (we ) Tj ET Q q 0 0 0 rg BT 545.50 72.95 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 59.45 Td (not ) Tj ET Q q 0 0 0 rg BT 87.01 59.45 Td (be ) Tj ET Q q 0 0 0 rg BT 99.52 59.45 Td (able ) Tj ET Q q 0 0 0 rg BT 119.04 59.45 Td (to ) Tj ET Q q 0 0 0 rg BT 129.05 59.45 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 167.56 59.45 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 202.10 59.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 225.60 59.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 260.62 59.45 Td (to ) Tj ET Q q 0 0 0 rg BT 270.62 59.45 Td (support ) Tj ET Q q 0 0 0 rg BT 303.14 59.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.16 59.45 Td (contract.) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (62) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 685.166796875 m 155.021484375 685.166796875 l s q 0 0 0 rg BT 72.00 686.45 Td (Cost ) Tj ET Q q 0 0 0 rg BT 93.01 686.45 Td (estimation ) Tj ET Q q 0 0 0 rg BT 136.52 686.45 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 666.95 Td (In ) Tj ET Q q 0 0 0 rg BT 81.97 666.95 Td (order ) Tj ET Q q 0 0 0 rg BT 105.44 666.95 Td (to ) Tj ET Q q 0 0 0 rg BT 115.40 666.95 Td (generate ) Tj ET Q q 0 0 0 rg BT 153.39 666.95 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 199.38 666.95 Td (margins, ) Tj ET Q q 0 0 0 rg BT 236.35 666.95 Td (our ) Tj ET Q q 0 0 0 rg BT 251.82 666.95 Td (pricing ) Tj ET Q q 0 0 0 rg BT 280.79 666.95 Td (for ) Tj ET Q q 0 0 0 rg BT 293.76 666.95 Td (services ) Tj ET Q q 0 0 0 rg BT 329.22 666.95 Td (is ) Tj ET Q q 0 0 0 rg BT 338.18 666.95 Td (dependent ) Tj ET Q q 0 0 0 rg BT 383.19 666.95 Td (on ) Tj ET Q q 0 0 0 rg BT 395.66 666.95 Td (our ) Tj ET Q q 0 0 0 rg BT 411.13 666.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 436.60 666.95 Td (to ) Tj ET Q q 0 0 0 rg BT 446.56 666.95 Td (accurately ) Tj ET Q q 0 0 0 rg BT 490.04 666.95 Td (estimate ) Tj ET Q q 0 0 0 rg BT 526.51 666.95 Td (the ) Tj ET Q q 0 0 0 rg BT 541.48 666.95 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 653.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.87 653.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 116.72 653.45 Td (for ) Tj ET Q q 0 0 0 rg BT 130.08 653.45 Td (completing ) Tj ET Q q 0 0 0 rg BT 176.45 653.45 Td (projects ) Tj ET Q q 0 0 0 rg BT 210.81 653.45 Td (or ) Tj ET Q q 0 0 0 rg BT 221.66 653.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 262.53 653.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 302.90 653.45 Td (IT) Tj ET Q q 0 0 0 rg BT 310.74 653.45 Td ( ) Tj ET Q q 0 0 0 rg BT 313.59 653.45 Td (and ) Tj ET Q q 0 0 0 rg BT 331.46 653.45 Td (business ) Tj ET Q q 0 0 0 rg BT 369.83 653.45 Td (process ) Tj ET Q q 0 0 0 rg BT 404.19 653.45 Td (services ) Tj ET Q q 0 0 0 rg BT 440.05 653.45 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 481.91 653.45 Td (which ) Tj ET Q q 0 0 0 rg BT 507.77 653.45 Td (can ) Tj ET Q q 0 0 0 rg BT 525.13 653.45 Td (be ) Tj ET Q q 0 0 0 rg BT 537.99 653.45 Td (based ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 639.95 Td (on ) Tj ET Q q 0 0 0 rg BT 84.37 639.95 Td (a ) Tj ET Q q 0 0 0 rg BT 91.73 639.95 Td (client's ) Tj ET Q q 0 0 0 rg BT 121.32 639.95 Td (bid ) Tj ET Q q 0 0 0 rg BT 135.68 639.95 Td (specification, ) Tj ET Q q 0 0 0 rg BT 190.07 639.95 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 235.94 639.95 Td (in ) Tj ET Q q 0 0 0 rg BT 245.30 639.95 Td (advance ) Tj ET Q q 0 0 0 rg BT 281.68 639.95 Td (of ) Tj ET Q q 0 0 0 rg BT 291.55 639.95 Td (the ) Tj ET Q q 0 0 0 rg BT 306.42 639.95 Td (final ) Tj ET Q q 0 0 0 rg BT 325.28 639.95 Td (determination ) Tj ET Q q 0 0 0 rg BT 382.17 639.95 Td (of ) Tj ET Q q 0 0 0 rg BT 392.04 639.95 Td (the ) Tj ET Q q 0 0 0 rg BT 406.90 639.95 Td (full ) Tj ET Q q 0 0 0 rg BT 420.77 639.95 Td (scope ) Tj ET Q q 0 0 0 rg BT 447.14 639.95 Td (and ) Tj ET Q q 0 0 0 rg BT 464.51 639.95 Td (design ) Tj ET Q q 0 0 0 rg BT 493.39 639.95 Td (of ) Tj ET Q q 0 0 0 rg BT 503.25 639.95 Td (the ) Tj ET Q q 0 0 0 rg BT 518.12 639.95 Td (contract. ) Tj ET Q q 0 0 0 rg BT 555.00 639.95 Td (In ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 626.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 109.42 626.45 Td (a ) Tj ET Q q 0 0 0 rg BT 117.82 626.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 161.23 626.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 192.14 626.45 Td (of ) Tj ET Q q 0 0 0 rg BT 203.04 626.45 Td (our ) Tj ET Q q 0 0 0 rg BT 219.44 626.45 Td (project-oriented ) Tj ET Q q 0 0 0 rg BT 285.36 626.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.27 626.45 Td (are ) Tj ET Q q 0 0 0 rg BT 341.67 626.45 Td (performed ) Tj ET Q q 0 0 0 rg BT 386.08 626.45 Td (on ) Tj ET Q q 0 0 0 rg BT 399.48 626.45 Td (a ) Tj ET Q q 0 0 0 rg BT 407.88 626.45 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 452.78 626.45 Td (basis. ) Tj ET Q q 0 0 0 rg BT 479.68 626.45 Td (Billing ) Tj ET Q q 0 0 0 rg BT 507.09 626.45 Td (for ) Tj ET Q q 0 0 0 rg BT 520.98 626.45 Td (fixed-price ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 612.95 Td (engagements ) Tj ET Q q 0 0 0 rg BT 129.55 612.95 Td (is ) Tj ET Q q 0 0 0 rg BT 139.07 612.95 Td (carried ) Tj ET Q q 0 0 0 rg BT 169.59 612.95 Td (out ) Tj ET Q q 0 0 0 rg BT 185.11 612.95 Td (in ) Tj ET Q q 0 0 0 rg BT 195.13 612.95 Td (accordance ) Tj ET Q q 0 0 0 rg BT 244.67 612.95 Td (with ) Tj ET Q q 0 0 0 rg BT 263.69 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 279.22 612.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 314.24 612.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 339.76 612.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 370.79 612.95 Td (upon ) Tj ET Q q 0 0 0 rg BT 393.83 612.95 Td (with ) Tj ET Q q 0 0 0 rg BT 412.85 612.95 Td (our ) Tj ET Q q 0 0 0 rg BT 428.87 612.95 Td (client, ) Tj ET Q q 0 0 0 rg BT 455.39 612.95 Td (and ) Tj ET Q q 0 0 0 rg BT 473.42 612.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 508.96 612.95 Td (is ) Tj ET Q q 0 0 0 rg BT 518.47 612.95 Td (recognized ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 599.45 Td (based ) Tj ET Q q 0 0 0 rg BT 99.05 599.45 Td (on ) Tj ET Q q 0 0 0 rg BT 111.58 599.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.62 599.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 174.18 599.45 Td (of ) Tj ET Q q 0 0 0 rg BT 184.21 599.45 Td (ef) Tj ET Q q 0 0 0 rg BT 191.55 599.45 Td (fort ) Tj ET Q q 0 0 0 rg BT 207.08 599.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 242.12 599.45 Td (to ) Tj ET Q q 0 0 0 rg BT 252.15 599.45 Td (date ) Tj ET Q q 0 0 0 rg BT 272.19 599.45 Td (in ) Tj ET Q q 0 0 0 rg BT 281.72 599.45 Td (relation ) Tj ET Q q 0 0 0 rg BT 313.77 599.45 Td (to ) Tj ET Q q 0 0 0 rg BT 323.80 599.45 Td (the ) Tj ET Q q 0 0 0 rg BT 338.83 599.45 Td (total ) Tj ET Q q 0 0 0 rg BT 358.37 599.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 399.91 599.45 Td (ef) Tj ET Q q 0 0 0 rg BT 407.26 599.45 Td (forts ) Tj ET Q q 0 0 0 rg BT 427.28 599.45 Td (to ) Tj ET Q q 0 0 0 rg BT 437.31 599.45 Td (be ) Tj ET Q q 0 0 0 rg BT 449.85 599.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 484.89 599.45 Td (over ) Tj ET Q q 0 0 0 rg BT 504.92 599.45 Td (the ) Tj ET Q q 0 0 0 rg BT 519.96 599.45 Td (duration ) Tj ET Q q 0 0 0 rg BT 555.01 599.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 585.95 Td (the ) Tj ET Q q 0 0 0 rg BT 88.09 585.95 Td (respective ) Tj ET Q q 0 0 0 rg BT 132.68 585.95 Td (contract. ) Tj ET Q q 0 0 0 rg BT 170.54 585.95 Td (These ) Tj ET Q q 0 0 0 rg BT 199.13 585.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 241.22 585.95 Td (reflect ) Tj ET Q q 0 0 0 rg BT 269.30 585.95 Td (our ) Tj ET Q q 0 0 0 rg BT 285.89 585.95 Td (best ) Tj ET Q q 0 0 0 rg BT 306.48 585.95 Td (judgement ) Tj ET Q q 0 0 0 rg BT 352.08 585.95 Td (regarding ) Tj ET Q q 0 0 0 rg BT 393.68 585.95 Td (the ) Tj ET Q q 0 0 0 rg BT 409.77 585.95 Td (ef) Tj ET Q q 0 0 0 rg BT 417.11 585.95 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 457.71 585.95 Td (of ) Tj ET Q q 0 0 0 rg BT 468.79 585.95 Td (our ) Tj ET Q q 0 0 0 rg BT 485.37 585.95 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 547.49 585.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 126.66 572.45 Td (as ) Tj ET Q q 0 0 0 rg BT 137.79 572.45 Td (we ) Tj ET Q q 0 0 0 rg BT 150.92 572.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 169.56 572.45 Td (to ) Tj ET Q q 0 0 0 rg BT 178.69 572.45 Td (apply ) Tj ET Q q 0 0 0 rg BT 201.83 572.45 Td (them ) Tj ET Q q 0 0 0 rg BT 223.47 572.45 Td (to ) Tj ET Q q 0 0 0 rg BT 232.60 572.45 Td (the ) Tj ET Q q 0 0 0 rg BT 246.74 572.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 284.88 572.45 Td (in ) Tj ET Q q 0 0 0 rg BT 293.51 572.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 341.67 572.45 Td (with ) Tj ET Q q 0 0 0 rg BT 359.30 572.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.44 572.45 Td (CGI ) Tj ET Q q 0 0 0 rg BT 391.06 572.45 Td (Client ) Tj ET Q q 0 0 0 rg BT 415.70 572.45 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 463.35 572.45 Td (Management ) Tj ET Q q 0 0 0 rg BT 517.51 572.45 Td (Framework ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 558.95 Td (\(CPMF\), ) Tj ET Q q 0 0 0 rg BT 108.32 558.95 Td (a ) Tj ET Q q 0 0 0 rg BT 115.66 558.95 Td (framework ) Tj ET Q q 0 0 0 rg BT 159.99 558.95 Td (that ) Tj ET Q q 0 0 0 rg BT 177.33 558.95 Td (contains ) Tj ET Q q 0 0 0 rg BT 213.19 558.95 Td (high ) Tj ET Q q 0 0 0 rg BT 232.53 558.95 Td (standards ) Tj ET Q q 0 0 0 rg BT 274.38 558.95 Td (of ) Tj ET Q q 0 0 0 rg BT 284.22 558.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 318.56 558.95 Td (management ) Tj ET Q q 0 0 0 rg BT 373.43 558.95 Td (to ) Tj ET Q q 0 0 0 rg BT 383.26 558.95 Td (be ) Tj ET Q q 0 0 0 rg BT 395.60 558.95 Td (applied ) Tj ET Q q 0 0 0 rg BT 426.96 558.95 Td (throughout ) Tj ET Q q 0 0 0 rg BT 472.32 558.95 Td (the ) Tj ET Q q 0 0 0 rg BT 487.16 558.95 Td (Company) Tj ET Q q 0 0 0 rg BT 525.01 558.95 Td (. ) Tj ET Q q 0 0 0 rg BT 529.84 558.95 Td (If ) Tj ET Q q 0 0 0 rg BT 537.17 558.95 Td (we ) Tj ET Q q 0 0 0 rg BT 551.01 558.95 Td (fail ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 545.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.65 545.45 Td (apply ) Tj ET Q q 0 0 0 rg BT 107.30 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 122.95 545.45 Td (CPMF ) Tj ET Q q 0 0 0 rg BT 151.59 545.45 Td (correctly ) Tj ET Q q 0 0 0 rg BT 188.74 545.45 Td (or ) Tj ET Q q 0 0 0 rg BT 199.88 545.45 Td (if ) Tj ET Q q 0 0 0 rg BT 207.52 545.45 Td (we ) Tj ET Q q 0 0 0 rg BT 222.16 545.45 Td (are ) Tj ET Q q 0 0 0 rg BT 238.31 545.45 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 293.48 545.45 Td (in ) Tj ET Q q 0 0 0 rg BT 303.62 545.45 Td (accurately ) Tj ET Q q 0 0 0 rg BT 347.78 545.45 Td (estimating ) Tj ET Q q 0 0 0 rg BT 391.94 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 407.59 545.45 Td (time ) Tj ET Q q 0 0 0 rg BT 427.73 545.45 Td (or ) Tj ET Q q 0 0 0 rg BT 438.88 545.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 481.53 545.45 Td (required ) Tj ET Q q 0 0 0 rg BT 517.69 545.45 Td (to ) Tj ET Q q 0 0 0 rg BT 528.34 545.45 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 549.48 545.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 531.95 Td (obligations ) Tj ET Q q 0 0 0 rg BT 117.22 531.95 Td (under ) Tj ET Q q 0 0 0 rg BT 142.42 531.95 Td (a ) Tj ET Q q 0 0 0 rg BT 149.61 531.95 Td (contract, ) Tj ET Q q 0 0 0 rg BT 186.32 531.95 Td (or ) Tj ET Q q 0 0 0 rg BT 196.50 531.95 Td (if ) Tj ET Q q 0 0 0 rg BT 203.19 531.95 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 251.92 531.95 Td (factors, ) Tj ET Q q 0 0 0 rg BT 283.61 531.95 Td (including ) Tj ET Q q 0 0 0 rg BT 321.32 531.95 Td (those ) Tj ET Q q 0 0 0 rg BT 345.53 531.95 Td (outside ) Tj ET Q q 0 0 0 rg BT 376.73 531.95 Td (of ) Tj ET Q q 0 0 0 rg BT 386.43 531.95 Td (our ) Tj ET Q q 0 0 0 rg BT 401.62 531.95 Td (control, ) Tj ET Q q 0 0 0 rg BT 433.32 531.95 Td (arise, ) Tj ET Q q 0 0 0 rg BT 457.52 531.95 Td (there ) Tj ET Q q 0 0 0 rg BT 480.22 531.95 Td (may ) Tj ET Q q 0 0 0 rg BT 499.41 531.95 Td (be ) Tj ET Q q 0 0 0 rg BT 511.60 531.95 Td (an ) Tj ET Q q 0 0 0 rg BT 523.80 531.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.49 531.95 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 518.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 95.51 518.45 Td (or ) Tj ET Q q 0 0 0 rg BT 106.01 518.45 Td (the ) Tj ET Q q 0 0 0 rg BT 121.02 518.45 Td (delivery ) Tj ET Q q 0 0 0 rg BT 154.53 518.45 Td (schedule ) Tj ET Q q 0 0 0 rg BT 193.06 518.45 Td (which ) Tj ET Q q 0 0 0 rg BT 218.57 518.45 Td (could ) Tj ET Q q 0 0 0 rg BT 242.59 518.45 Td (have ) Tj ET Q q 0 0 0 rg BT 264.60 518.45 Td (a ) Tj ET Q q 0 0 0 rg BT 272.11 518.45 Td (material ) Tj ET Q q 0 0 0 rg BT 306.62 518.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 341.14 518.45 Td (ef) Tj ET Q q 0 0 0 rg BT 348.48 518.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 365.49 518.45 Td (on ) Tj ET Q q 0 0 0 rg BT 378.00 518.45 Td (our ) Tj ET Q q 0 0 0 rg BT 393.51 518.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 432.54 518.45 Td (net ) Tj ET Q q 0 0 0 rg BT 447.55 518.45 Td (earnings.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 494.666796875 m 289.61279296875 494.666796875 l s q 0 0 0 rg BT 72.00 495.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 96.50 495.95 Td (related ) Tj ET Q q 0 0 0 rg BT 126.52 495.95 Td (to ) Tj ET Q q 0 0 0 rg BT 136.52 495.95 Td (teaming ) Tj ET Q q 0 0 0 rg BT 171.04 495.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 221.07 495.95 Td (and ) Tj ET Q q 0 0 0 rg BT 238.59 495.95 Td (subcontracts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 476.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 476.45 Td (e ) Tj ET Q q 0 0 0 rg BT 87.10 476.45 Td (derive ) Tj ET Q q 0 0 0 rg BT 113.37 476.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 147.66 476.45 Td (from ) Tj ET Q q 0 0 0 rg BT 167.42 476.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 205.69 476.45 Td (where ) Tj ET Q q 0 0 0 rg BT 231.97 476.45 Td (we ) Tj ET Q q 0 0 0 rg BT 245.23 476.45 Td (enter ) Tj ET Q q 0 0 0 rg BT 267.51 476.45 Td (into ) Tj ET Q q 0 0 0 rg BT 283.78 476.45 Td (teaming ) Tj ET Q q 0 0 0 rg BT 317.56 476.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 366.84 476.45 Td (with ) Tj ET Q q 0 0 0 rg BT 384.61 476.45 Td (other ) Tj ET Q q 0 0 0 rg BT 406.88 476.45 Td (providers. ) Tj ET Q q 0 0 0 rg BT 448.16 476.45 Td (In ) Tj ET Q q 0 0 0 rg BT 457.43 476.45 Td (some ) Tj ET Q q 0 0 0 rg BT 481.20 476.45 Td (teaming ) Tj ET Q q 0 0 0 rg BT 514.97 476.45 Td (agreements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 462.95 Td (we ) Tj ET Q q 0 0 0 rg BT 85.47 462.95 Td (are ) Tj ET Q q 0 0 0 rg BT 100.45 462.95 Td (the ) Tj ET Q q 0 0 0 rg BT 114.92 462.95 Td (prime ) Tj ET Q q 0 0 0 rg BT 139.40 462.95 Td (contractor ) Tj ET Q q 0 0 0 rg BT 181.38 462.95 Td (whereas ) Tj ET Q q 0 0 0 rg BT 217.36 462.95 Td (in ) Tj ET Q q 0 0 0 rg BT 226.34 462.95 Td (others ) Tj ET Q q 0 0 0 rg BT 253.32 462.95 Td (we ) Tj ET Q q 0 0 0 rg BT 266.79 462.95 Td (act ) Tj ET Q q 0 0 0 rg BT 280.76 462.95 Td (as ) Tj ET Q q 0 0 0 rg BT 292.23 462.95 Td (a ) Tj ET Q q 0 0 0 rg BT 299.20 462.95 Td (subcontractor) Tj ET Q q 0 0 0 rg BT 353.24 462.95 Td (. ) Tj ET Q q 0 0 0 rg BT 357.70 462.95 Td (In ) Tj ET Q q 0 0 0 rg BT 367.18 462.95 Td (both ) Tj ET Q q 0 0 0 rg BT 386.66 462.95 Td (cases, ) Tj ET Q q 0 0 0 rg BT 414.64 462.95 Td (we ) Tj ET Q q 0 0 0 rg BT 428.11 462.95 Td (rely ) Tj ET Q q 0 0 0 rg BT 444.58 462.95 Td (on ) Tj ET Q q 0 0 0 rg BT 456.55 462.95 Td (our ) Tj ET Q q 0 0 0 rg BT 471.53 462.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 524.02 462.95 Td (with ) Tj ET Q q 0 0 0 rg BT 542.00 462.95 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 449.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 110.79 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 120.07 449.45 Td (generate ) Tj ET Q q 0 0 0 rg BT 157.37 449.45 Td (business ) Tj ET Q q 0 0 0 rg BT 194.66 449.45 Td (and ) Tj ET Q q 0 0 0 rg BT 211.45 449.45 Td (we ) Tj ET Q q 0 0 0 rg BT 224.73 449.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 253.02 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 262.30 449.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 298.10 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 307.38 449.45 Td (do ) Tj ET Q q 0 0 0 rg BT 319.16 449.45 Td (so ) Tj ET Q q 0 0 0 rg BT 330.44 449.45 Td (in ) Tj ET Q q 0 0 0 rg BT 339.22 449.45 Td (the ) Tj ET Q q 0 0 0 rg BT 353.50 449.45 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 402.31 449.45 Td (future. ) Tj ET Q q 0 0 0 rg BT 429.60 449.45 Td (Where ) Tj ET Q q 0 0 0 rg BT 457.88 449.45 Td (we ) Tj ET Q q 0 0 0 rg BT 471.16 449.45 Td (act ) Tj ET Q q 0 0 0 rg BT 484.93 449.45 Td (as ) Tj ET Q q 0 0 0 rg BT 496.21 449.45 Td (prime ) Tj ET Q q 0 0 0 rg BT 520.49 449.45 Td (contractor) Tj ET Q q 0 0 0 rg BT 560.01 449.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 435.95 Td (if ) Tj ET Q q 0 0 0 rg BT 78.37 435.95 Td (we ) Tj ET Q q 0 0 0 rg BT 91.74 435.95 Td (fail ) Tj ET Q q 0 0 0 rg BT 105.11 435.95 Td (to ) Tj ET Q q 0 0 0 rg BT 114.48 435.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 150.36 435.95 Td (our ) Tj ET Q q 0 0 0 rg BT 165.24 435.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 217.63 435.95 Td (with ) Tj ET Q q 0 0 0 rg BT 235.50 435.95 Td (other ) Tj ET Q q 0 0 0 rg BT 257.88 435.95 Td (providers, ) Tj ET Q q 0 0 0 rg BT 299.26 435.95 Td (we ) Tj ET Q q 0 0 0 rg BT 312.63 435.95 Td (may ) Tj ET Q q 0 0 0 rg BT 331.50 435.95 Td (have ) Tj ET Q q 0 0 0 rg BT 352.88 435.95 Td (dif) Tj ET Q q 0 0 0 rg BT 362.22 435.95 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 387.10 435.95 Td (attracting ) Tj ET Q q 0 0 0 rg BT 425.98 435.95 Td (suitable ) Tj ET Q q 0 0 0 rg BT 458.87 435.95 Td (participants ) Tj ET Q q 0 0 0 rg BT 506.76 435.95 Td (in ) Tj ET Q q 0 0 0 rg BT 515.63 435.95 Td (our ) Tj ET Q q 0 0 0 rg BT 530.50 435.95 Td (teaming ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 422.45 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 124.02 422.45 Td (Similarly) Tj ET Q q 0 0 0 rg BT 157.36 422.45 Td (, ) Tj ET Q q 0 0 0 rg BT 161.86 422.45 Td (where ) Tj ET Q q 0 0 0 rg BT 188.37 422.45 Td (we ) Tj ET Q q 0 0 0 rg BT 201.87 422.45 Td (act ) Tj ET Q q 0 0 0 rg BT 215.87 422.45 Td (as ) Tj ET Q q 0 0 0 rg BT 227.37 422.45 Td (subcontractor) Tj ET Q q 0 0 0 rg BT 281.41 422.45 Td (, ) Tj ET Q q 0 0 0 rg BT 285.90 422.45 Td (if ) Tj ET Q q 0 0 0 rg BT 292.40 422.45 Td (our ) Tj ET Q q 0 0 0 rg BT 307.41 422.45 Td (relationships ) Tj ET Q q 0 0 0 rg BT 359.93 422.45 Td (are ) Tj ET Q q 0 0 0 rg BT 374.94 422.45 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 413.95 422.45 Td (other ) Tj ET Q q 0 0 0 rg BT 436.46 422.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 475.47 422.45 Td (might ) Tj ET Q q 0 0 0 rg BT 499.48 422.45 Td (reduce ) Tj ET Q q 0 0 0 rg BT 529.00 422.45 Td (the ) Tj ET Q q 0 0 0 rg BT 543.50 422.45 Td (work ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 408.95 Td (they ) Tj ET Q q 0 0 0 rg BT 91.36 408.95 Td (award ) Tj ET Q q 0 0 0 rg BT 118.21 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 128.07 408.95 Td (us, ) Tj ET Q q 0 0 0 rg BT 142.42 408.95 Td (award ) Tj ET Q q 0 0 0 rg BT 169.27 408.95 Td (that ) Tj ET Q q 0 0 0 rg BT 186.63 408.95 Td (work ) Tj ET Q q 0 0 0 rg BT 207.98 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 217.83 408.95 Td (our ) Tj ET Q q 0 0 0 rg BT 233.18 408.95 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 284.54 408.95 Td (or ) Tj ET Q q 0 0 0 rg BT 294.89 408.95 Td (choose ) Tj ET Q q 0 0 0 rg BT 326.26 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 336.11 408.95 Td (of) Tj ET Q q 0 0 0 rg BT 343.45 408.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 356.30 408.95 Td (the ) Tj ET Q q 0 0 0 rg BT 371.16 408.95 Td (services ) Tj ET Q q 0 0 0 rg BT 406.51 408.95 Td (directly ) Tj ET Q q 0 0 0 rg BT 437.36 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 447.21 408.95 Td (the ) Tj ET Q q 0 0 0 rg BT 462.07 408.95 Td (client ) Tj ET Q q 0 0 0 rg BT 485.43 408.95 Td (in ) Tj ET Q q 0 0 0 rg BT 494.78 408.95 Td (order ) Tj ET Q q 0 0 0 rg BT 518.13 408.95 Td (to ) Tj ET Q q 0 0 0 rg BT 527.98 408.95 Td (compete ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 395.45 Td (with ) Tj ET Q q 0 0 0 rg BT 90.83 395.45 Td (our ) Tj ET Q q 0 0 0 rg BT 106.66 395.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 147.50 395.45 Td (In ) Tj ET Q q 0 0 0 rg BT 157.83 395.45 Td (either ) Tj ET Q q 0 0 0 rg BT 183.17 395.45 Td (case, ) Tj ET Q q 0 0 0 rg BT 207.50 395.45 Td (if ) Tj ET Q q 0 0 0 rg BT 214.82 395.45 Td (we ) Tj ET Q q 0 0 0 rg BT 229.15 395.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 243.48 395.45 Td (to ) Tj ET Q q 0 0 0 rg BT 253.81 395.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 290.65 395.45 Td (our ) Tj ET Q q 0 0 0 rg BT 306.48 395.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 355.33 395.45 Td (with ) Tj ET Q q 0 0 0 rg BT 374.16 395.45 Td (these ) Tj ET Q q 0 0 0 rg BT 399.00 395.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 438.83 395.45 Td (or ) Tj ET Q q 0 0 0 rg BT 449.66 395.45 Td (if ) Tj ET Q q 0 0 0 rg BT 456.98 395.45 Td (our ) Tj ET Q q 0 0 0 rg BT 472.81 395.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 521.66 395.45 Td (with ) Tj ET Q q 0 0 0 rg BT 540.49 395.45 Td (these ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 381.95 Td (providers ) Tj ET Q q 0 0 0 rg BT 110.50 381.95 Td (is ) Tj ET Q q 0 0 0 rg BT 118.48 381.95 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 158.48 381.95 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 196.98 381.95 Td (our ) Tj ET Q q 0 0 0 rg BT 211.47 381.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 250.98 381.95 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 293.98 381.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.48 381.95 Td (condition ) Tj ET Q q 0 0 0 rg BT 365.99 381.95 Td (and ) Tj ET Q q 0 0 0 rg BT 382.49 381.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 421.51 381.95 Td (results ) Tj ET Q q 0 0 0 rg BT 449.50 381.95 Td (could ) Tj ET Q q 0 0 0 rg BT 472.50 381.95 Td (be ) Tj ET Q q 0 0 0 rg BT 483.99 381.95 Td (materially ) Tj ET Q q 0 0 0 rg BT 523.98 381.95 Td (adversely ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 368.45 Td (af) Tj ET Q q 0 0 0 rg BT 79.34 368.45 Td (fected.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 344.666796875 m 277.07958984375 344.666796875 l s q 0 0 0 rg BT 72.00 345.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.50 345.95 Td (partners) Tj ET Q q 0 0 0 rg BT 124.02 345.95 Td ( ) Tj ET Q q 0 0 0 rg BT 126.52 345.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 152.03 345.95 Td (to ) Tj ET Q q 0 0 0 rg BT 162.04 345.95 Td (deliver ) Tj ET Q q 0 0 0 rg BT 191.05 345.95 Td (on ) Tj ET Q q 0 0 0 rg BT 203.56 345.95 Td (their ) Tj ET Q q 0 0 0 rg BT 223.57 345.95 Td (commitments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 326.45 Td (Increasingly ) Tj ET Q q 0 0 0 rg BT 121.36 326.45 Td (large ) Tj ET Q q 0 0 0 rg BT 142.71 326.45 Td (and ) Tj ET Q q 0 0 0 rg BT 159.07 326.45 Td (complex ) Tj ET Q q 0 0 0 rg BT 193.92 326.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 231.78 326.45 Td (may ) Tj ET Q q 0 0 0 rg BT 250.12 326.45 Td (require ) Tj ET Q q 0 0 0 rg BT 279.47 326.45 Td (that ) Tj ET Q q 0 0 0 rg BT 295.82 326.45 Td (we ) Tj ET Q q 0 0 0 rg BT 308.67 326.45 Td (rely ) Tj ET Q q 0 0 0 rg BT 324.51 326.45 Td (on ) Tj ET Q q 0 0 0 rg BT 335.86 326.45 Td (third ) Tj ET Q q 0 0 0 rg BT 354.71 326.45 Td (party ) Tj ET Q q 0 0 0 rg BT 376.05 326.45 Td (subcontractors ) Tj ET Q q 0 0 0 rg BT 436.42 326.45 Td (including ) Tj ET Q q 0 0 0 rg BT 473.29 326.45 Td (software ) Tj ET Q q 0 0 0 rg BT 508.64 326.45 Td (and ) Tj ET Q q 0 0 0 rg BT 524.99 326.45 Td (hardware ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.95 Td (vendors ) Tj ET Q q 0 0 0 rg BT 106.32 312.95 Td (to ) Tj ET Q q 0 0 0 rg BT 116.13 312.95 Td (help ) Tj ET Q q 0 0 0 rg BT 135.45 312.95 Td (us ) Tj ET Q q 0 0 0 rg BT 147.26 312.95 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 167.57 312.95 Td (our ) Tj ET Q q 0 0 0 rg BT 182.88 312.95 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 241.19 312.95 Td (Under ) Tj ET Q q 0 0 0 rg BT 268.01 312.95 Td (such ) Tj ET Q q 0 0 0 rg BT 289.32 312.95 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 351.64 312.95 Td (our ) Tj ET Q q 0 0 0 rg BT 366.95 312.95 Td (success ) Tj ET Q q 0 0 0 rg BT 401.77 312.95 Td (depends ) Tj ET Q q 0 0 0 rg BT 438.60 312.95 Td (on ) Tj ET Q q 0 0 0 rg BT 450.92 312.95 Td (the ) Tj ET Q q 0 0 0 rg BT 465.73 312.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 491.05 312.95 Td (of ) Tj ET Q q 0 0 0 rg BT 500.86 312.95 Td (the ) Tj ET Q q 0 0 0 rg BT 515.67 312.95 Td (third ) Tj ET Q q 0 0 0 rg BT 535.48 312.95 Td (parties ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.02 299.45 Td (perform ) Tj ET Q q 0 0 0 rg BT 115.54 299.45 Td (their ) Tj ET Q q 0 0 0 rg BT 135.56 299.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 181.10 299.45 Td (within ) Tj ET Q q 0 0 0 rg BT 206.63 299.45 Td (agreed ) Tj ET Q q 0 0 0 rg BT 237.16 299.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 259.70 299.45 Td (budgets ) Tj ET Q q 0 0 0 rg BT 294.24 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 311.77 299.45 Td (timeframes. ) Tj ET Q q 0 0 0 rg BT 361.29 299.45 Td (If ) Tj ET Q q 0 0 0 rg BT 368.80 299.45 Td (our ) Tj ET Q q 0 0 0 rg BT 384.32 299.45 Td (partners ) Tj ET Q q 0 0 0 rg BT 419.85 299.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 433.87 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 443.89 299.45 Td (deliver) Tj ET Q q 0 0 0 rg BT 469.90 299.45 Td (, ) Tj ET Q q 0 0 0 rg BT 474.91 299.45 Td (our ) Tj ET Q q 0 0 0 rg BT 490.44 299.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 515.96 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 525.98 299.45 Td (complete ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 87.01 285.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 121.53 285.95 Td (may ) Tj ET Q q 0 0 0 rg BT 141.03 285.95 Td (be ) Tj ET Q q 0 0 0 rg BT 153.54 285.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 194.56 285.95 Td (af) Tj ET Q q 0 0 0 rg BT 201.90 285.95 Td (fected, ) Tj ET Q q 0 0 0 rg BT 231.42 285.95 Td (which ) Tj ET Q q 0 0 0 rg BT 256.93 285.95 Td (could ) Tj ET Q q 0 0 0 rg BT 280.95 285.95 Td (have ) Tj ET Q q 0 0 0 rg BT 302.96 285.95 Td (an ) Tj ET Q q 0 0 0 rg BT 315.47 285.95 Td (unfavourable ) Tj ET Q q 0 0 0 rg BT 370.02 285.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.02 285.95 Td (on ) Tj ET Q q 0 0 0 rg BT 411.53 285.95 Td (our ) Tj ET Q q 0 0 0 rg BT 427.04 285.95 Td (profitability) Tj ET Q q 0 0 0 rg BT 469.39 285.95 Td (.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 262.16679687500005 m 135.52734375 262.16679687500005 l s q 0 0 0 rg BT 72.00 263.45 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 121.53 263.45 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 243.95 Td (In ) Tj ET Q q 0 0 0 rg BT 84.02 243.95 Td (the ) Tj ET Q q 0 0 0 rg BT 101.05 243.95 Td (normal ) Tj ET Q q 0 0 0 rg BT 133.07 243.95 Td (course ) Tj ET Q q 0 0 0 rg BT 164.60 243.95 Td (of ) Tj ET Q q 0 0 0 rg BT 176.62 243.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 219.16 243.95 Td (we ) Tj ET Q q 0 0 0 rg BT 235.17 243.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 260.20 243.95 Td (into ) Tj ET Q q 0 0 0 rg BT 279.23 243.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 331.27 243.95 Td (that ) Tj ET Q q 0 0 0 rg BT 350.80 243.95 Td (may ) Tj ET Q q 0 0 0 rg BT 372.31 243.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 406.35 243.95 Td (for ) Tj ET Q q 0 0 0 rg BT 421.36 243.95 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 485.91 243.95 Td (and ) Tj ET Q q 0 0 0 rg BT 505.44 243.95 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 554.99 243.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 230.45 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 130.76 230.45 Td (in ) Tj ET Q q 0 0 0 rg BT 139.49 230.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 189.74 230.45 Td (such ) Tj ET Q q 0 0 0 rg BT 210.48 230.45 Td (as ) Tj ET Q q 0 0 0 rg BT 221.72 230.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 263.97 230.45 Td (and ) Tj ET Q q 0 0 0 rg BT 280.71 230.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 319.97 230.45 Td (IT) Tj ET Q q 0 0 0 rg BT 327.81 230.45 Td ( ) Tj ET Q q 0 0 0 rg BT 329.53 230.45 Td (and ) Tj ET Q q 0 0 0 rg BT 346.28 230.45 Td (business ) Tj ET Q q 0 0 0 rg BT 383.52 230.45 Td (process ) Tj ET Q q 0 0 0 rg BT 416.77 230.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 454.00 230.45 Td (business ) Tj ET Q q 0 0 0 rg BT 491.25 230.45 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 541.00 230.45 Td (lease ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 216.95 Td (agreements ) Tj ET Q q 0 0 0 rg BT 122.75 216.95 Td (and ) Tj ET Q q 0 0 0 rg BT 140.99 216.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 177.24 216.95 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 225.78 216.95 Td (These ) Tj ET Q q 0 0 0 rg BT 254.02 216.95 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 317.28 216.95 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 372.04 216.95 Td (and ) Tj ET Q q 0 0 0 rg BT 390.28 216.95 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 438.54 216.95 Td (may ) Tj ET Q q 0 0 0 rg BT 458.77 216.95 Td (require ) Tj ET Q q 0 0 0 rg BT 490.01 216.95 Td (us ) Tj ET Q q 0 0 0 rg BT 502.74 216.95 Td (to ) Tj ET Q q 0 0 0 rg BT 513.47 216.95 Td (compensate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 203.45 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 130.55 203.45 Td (for ) Tj ET Q q 0 0 0 rg BT 142.56 203.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 165.08 203.45 Td (and ) Tj ET Q q 0 0 0 rg BT 181.61 203.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 208.64 203.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 242.67 203.45 Td (as ) Tj ET Q q 0 0 0 rg BT 253.69 203.45 Td (a ) Tj ET Q q 0 0 0 rg BT 260.21 203.45 Td (result ) Tj ET Q q 0 0 0 rg BT 283.73 203.45 Td (of ) Tj ET Q q 0 0 0 rg BT 292.75 203.45 Td (various ) Tj ET Q q 0 0 0 rg BT 323.28 203.45 Td (events, ) Tj ET Q q 0 0 0 rg BT 353.81 203.45 Td (including ) Tj ET Q q 0 0 0 rg BT 390.85 203.45 Td (breaches ) Tj ET Q q 0 0 0 rg BT 429.38 203.45 Td (of ) Tj ET Q q 0 0 0 rg BT 438.40 203.45 Td (representations ) Tj ET Q q 0 0 0 rg BT 501.96 203.45 Td (and ) Tj ET Q q 0 0 0 rg BT 518.49 203.45 Td (warranties, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 189.95 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 117.23 189.95 Td (property ) Tj ET Q q 0 0 0 rg BT 152.94 189.95 Td (right ) Tj ET Q q 0 0 0 rg BT 173.15 189.95 Td (infringement, ) Tj ET Q q 0 0 0 rg BT 227.88 189.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 256.08 189.95 Td (that ) Tj ET Q q 0 0 0 rg BT 273.79 189.95 Td (may ) Tj ET Q q 0 0 0 rg BT 293.49 189.95 Td (arise ) Tj ET Q q 0 0 0 rg BT 315.70 189.95 Td (while ) Tj ET Q q 0 0 0 rg BT 338.91 189.95 Td (providing ) Tj ET Q q 0 0 0 rg BT 378.13 189.95 Td (services ) Tj ET Q q 0 0 0 rg BT 413.84 189.95 Td (or ) Tj ET Q q 0 0 0 rg BT 424.54 189.95 Td (as ) Tj ET Q q 0 0 0 rg BT 436.74 189.95 Td (a ) Tj ET Q q 0 0 0 rg BT 444.45 189.95 Td (result ) Tj ET Q q 0 0 0 rg BT 469.16 189.95 Td (of ) Tj ET Q q 0 0 0 rg BT 479.36 189.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 515.08 189.95 Td (that ) Tj ET Q q 0 0 0 rg BT 532.79 189.95 Td (may ) Tj ET Q q 0 0 0 rg BT 552.50 189.95 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 176.45 Td (suf) Tj ET Q q 0 0 0 rg BT 83.84 176.45 Td (fered ) Tj ET Q q 0 0 0 rg BT 106.86 176.45 Td (by ) Tj ET Q q 0 0 0 rg BT 118.86 176.45 Td (counterparties.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 152.66679687500005 m 264.08935546875 152.66679687500005 l s q 0 0 0 rg BT 72.00 153.95 Td (Risk ) Tj ET Q q 0 0 0 rg BT 92.00 153.95 Td (related ) Tj ET Q q 0 0 0 rg BT 122.02 153.95 Td (to ) Tj ET Q q 0 0 0 rg BT 132.02 153.95 Td (human ) Tj ET Q q 0 0 0 rg BT 162.04 153.95 Td (resources ) Tj ET Q q 0 0 0 rg BT 204.06 153.95 Td (utilization ) Tj ET Q q 0 0 0 rg BT 244.08 153.95 Td (rates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 134.45 Td (In ) Tj ET Q q 0 0 0 rg BT 81.97 134.45 Td (order ) Tj ET Q q 0 0 0 rg BT 105.44 134.45 Td (to ) Tj ET Q q 0 0 0 rg BT 115.40 134.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 151.88 134.45 Td (our ) Tj ET Q q 0 0 0 rg BT 167.35 134.45 Td (net ) Tj ET Q q 0 0 0 rg BT 182.32 134.45 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 221.80 134.45 Td (it ) Tj ET Q q 0 0 0 rg BT 228.76 134.45 Td (is ) Tj ET Q q 0 0 0 rg BT 237.72 134.45 Td (important ) Tj ET Q q 0 0 0 rg BT 277.70 134.45 Td (that ) Tj ET Q q 0 0 0 rg BT 295.17 134.45 Td (we ) Tj ET Q q 0 0 0 rg BT 309.13 134.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 345.61 134.45 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 134.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 408.58 134.45 Td (availability ) Tj ET Q q 0 0 0 rg BT 452.56 134.45 Td (of ) Tj ET Q q 0 0 0 rg BT 462.52 134.45 Td (professional ) Tj ET Q q 0 0 0 rg BT 513.51 134.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 555.49 134.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 120.95 Td (each ) Tj ET Q q 0 0 0 rg BT 94.53 120.95 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 120.95 Td (our ) Tj ET Q q 0 0 0 rg BT 121.06 120.95 Td (geographies ) Tj ET Q q 0 0 0 rg BT 173.61 120.95 Td (by ) Tj ET Q q 0 0 0 rg BT 186.13 120.95 Td (having ) Tj ET Q q 0 0 0 rg BT 215.66 120.95 Td (a ) Tj ET Q q 0 0 0 rg BT 223.68 120.95 Td (high ) Tj ET Q q 0 0 0 rg BT 243.70 120.95 Td (utilization ) Tj ET Q q 0 0 0 rg BT 284.23 120.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 302.75 120.95 Td (while ) Tj ET Q q 0 0 0 rg BT 326.27 120.95 Td (still ) Tj ET Q q 0 0 0 rg BT 342.28 120.95 Td (being ) Tj ET Q q 0 0 0 rg BT 367.31 120.95 Td (able ) Tj ET Q q 0 0 0 rg BT 387.34 120.95 Td (to ) Tj ET Q q 0 0 0 rg BT 397.86 120.95 Td (assign ) Tj ET Q q 0 0 0 rg BT 426.88 120.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 468.43 120.95 Td (resources ) Tj ET Q q 0 0 0 rg BT 510.95 120.95 Td (to ) Tj ET Q q 0 0 0 rg BT 521.47 120.95 Td (new ) Tj ET Q q 0 0 0 rg BT 540.99 120.95 Td (work. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 107.45 Td (Maintaining ) Tj ET Q q 0 0 0 rg BT 120.46 107.45 Td (an ) Tj ET Q q 0 0 0 rg BT 132.91 107.45 Td (ef) Tj ET Q q 0 0 0 rg BT 140.25 107.45 Td (ficient ) Tj ET Q q 0 0 0 rg BT 166.20 107.45 Td (utilization ) Tj ET Q q 0 0 0 rg BT 206.16 107.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 224.10 107.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 259.05 107.45 Td (us ) Tj ET Q q 0 0 0 rg BT 270.99 107.45 Td (to ) Tj ET Q q 0 0 0 rg BT 280.93 107.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 315.38 107.45 Td (our ) Tj ET Q q 0 0 0 rg BT 330.83 107.45 Td (need ) Tj ET Q q 0 0 0 rg BT 353.28 107.45 Td (for ) Tj ET Q q 0 0 0 rg BT 366.22 107.45 Td (professional ) Tj ET Q q 0 0 0 rg BT 417.19 107.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 459.14 107.45 Td (accurately ) Tj ET Q q 0 0 0 rg BT 502.59 107.45 Td (and ) Tj ET Q q 0 0 0 rg BT 520.04 107.45 Td (to ) Tj ET Q q 0 0 0 rg BT 529.98 107.45 Td (manage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 93.95 Td (recruitment ) Tj ET Q q 0 0 0 rg BT 119.87 93.95 Td (activities, ) Tj ET Q q 0 0 0 rg BT 159.74 93.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 211.12 93.95 Td (training ) Tj ET Q q 0 0 0 rg BT 243.50 93.95 Td (programs, ) Tj ET Q q 0 0 0 rg BT 286.87 93.95 Td (attrition ) Tj ET Q q 0 0 0 rg BT 319.24 93.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 342.10 93.95 Td (and ) Tj ET Q q 0 0 0 rg BT 359.98 93.95 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 412.85 93.95 Td (programs ) Tj ET Q q 0 0 0 rg BT 453.72 93.95 Td (appropriately) Tj ET Q q 0 0 0 rg BT 505.09 93.95 Td (. ) Tj ET Q q 0 0 0 rg BT 510.26 93.95 Td (T) Tj ET Q q 0 0 0 rg BT 514.76 93.95 Td (o ) Tj ET Q q 0 0 0 rg BT 522.62 93.95 Td (the ) Tj ET Q q 0 0 0 rg BT 537.99 93.95 Td (extent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 80.45 Td (that ) Tj ET Q q 0 0 0 rg BT 89.14 80.45 Td (we ) Tj ET Q q 0 0 0 rg BT 102.78 80.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 116.41 80.45 Td (to ) Tj ET Q q 0 0 0 rg BT 126.05 80.45 Td (do ) Tj ET Q q 0 0 0 rg BT 138.19 80.45 Td (so, ) Tj ET Q q 0 0 0 rg BT 152.33 80.45 Td (or ) Tj ET Q q 0 0 0 rg BT 162.46 80.45 Td (to ) Tj ET Q q 0 0 0 rg BT 172.10 80.45 Td (the ) Tj ET Q q 0 0 0 rg BT 186.74 80.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 213.38 80.45 Td (that ) Tj ET Q q 0 0 0 rg BT 230.53 80.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 250.66 80.45 Td (and ) Tj ET Q q 0 0 0 rg BT 267.81 80.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 313.97 80.45 Td (restrict ) Tj ET Q q 0 0 0 rg BT 343.10 80.45 Td (our ) Tj ET Q q 0 0 0 rg BT 358.24 80.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 383.38 80.45 Td (to ) Tj ET Q q 0 0 0 rg BT 393.01 80.45 Td (do ) Tj ET Q q 0 0 0 rg BT 405.15 80.45 Td (so, ) Tj ET Q q 0 0 0 rg BT 419.29 80.45 Td (our ) Tj ET Q q 0 0 0 rg BT 434.43 80.45 Td (utilization ) Tj ET Q q 0 0 0 rg BT 474.08 80.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 496.22 80.45 Td (may ) Tj ET Q q 0 0 0 rg BT 515.35 80.45 Td (be ) Tj ET Q q 0 0 0 rg BT 527.49 80.45 Td (reduced; ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 66.95 Td (thereby ) Tj ET Q q 0 0 0 rg BT 104.58 66.95 Td (having ) Tj ET Q q 0 0 0 rg BT 133.67 66.95 Td (an ) Tj ET Q q 0 0 0 rg BT 146.25 66.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 175.32 66.95 Td (on ) Tj ET Q q 0 0 0 rg BT 187.90 66.95 Td (our ) Tj ET Q q 0 0 0 rg BT 203.47 66.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 238.56 66.95 Td (and ) Tj ET Q q 0 0 0 rg BT 256.14 66.95 Td (profitability) Tj ET Q q 0 0 0 rg BT 298.49 66.95 Td (. ) Tj ET Q q 0 0 0 rg BT 303.56 66.95 Td (Conversely) Tj ET Q q 0 0 0 rg BT 347.91 66.95 Td (, ) Tj ET Q q 0 0 0 rg BT 352.97 66.95 Td (we ) Tj ET Q q 0 0 0 rg BT 367.04 66.95 Td (may ) Tj ET Q q 0 0 0 rg BT 386.61 66.95 Td (find ) Tj ET Q q 0 0 0 rg BT 403.69 66.95 Td (that ) Tj ET Q q 0 0 0 rg BT 421.26 66.95 Td (we ) Tj ET Q q 0 0 0 rg BT 435.33 66.95 Td (do ) Tj ET Q q 0 0 0 rg BT 447.91 66.95 Td (not ) Tj ET Q q 0 0 0 rg BT 462.99 66.95 Td (have ) Tj ET Q q 0 0 0 rg BT 485.07 66.95 Td (suf) Tj ET Q q 0 0 0 rg BT 496.91 66.95 Td (ficient ) Tj ET Q q 0 0 0 rg BT 522.99 66.95 Td (resources ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 53.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.01 53.45 Td (deploy ) Tj ET Q q 0 0 0 rg BT 111.03 53.45 Td (against ) Tj ET Q q 0 0 0 rg BT 142.55 53.45 Td (new ) Tj ET Q q 0 0 0 rg BT 161.56 53.45 Td (business ) Tj ET Q q 0 0 0 rg BT 199.58 53.45 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 253.62 53.45 Td (in ) Tj ET Q q 0 0 0 rg BT 263.12 53.45 Td (which ) Tj ET Q q 0 0 0 rg BT 288.63 53.45 Td (case ) Tj ET Q q 0 0 0 rg BT 310.14 53.45 Td (our ) Tj ET Q q 0 0 0 rg BT 325.65 53.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 351.16 53.45 Td (to ) Tj ET Q q 0 0 0 rg BT 361.17 53.45 Td (grow ) Tj ET Q q 0 0 0 rg BT 383.18 53.45 Td (our ) Tj ET Q q 0 0 0 rg BT 398.69 53.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 433.71 53.45 Td (would ) Tj ET Q q 0 0 0 rg BT 459.73 53.45 Td (suf) Tj ET Q q 0 0 0 rg BT 471.57 53.45 Td (fer) Tj ET Q q 0 0 0 rg BT 481.57 53.45 Td (.) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (63) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 685.166796875 m 168.04248046875 685.166796875 l s q 0 0 0 rg BT 72.00 686.45 Td (Client ) Tj ET Q q 0 0 0 rg BT 97.51 686.45 Td (concentration ) Tj ET Q q 0 0 0 rg BT 154.05 686.45 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 666.95 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 666.95 Td (e ) Tj ET Q q 0 0 0 rg BT 87.75 666.95 Td (derive ) Tj ET Q q 0 0 0 rg BT 114.68 666.95 Td (a ) Tj ET Q q 0 0 0 rg BT 122.09 666.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 164.53 666.95 Td (portion ) Tj ET Q q 0 0 0 rg BT 194.46 666.95 Td (of ) Tj ET Q q 0 0 0 rg BT 204.38 666.95 Td (our ) Tj ET Q q 0 0 0 rg BT 219.80 666.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 254.73 666.95 Td (from ) Tj ET Q q 0 0 0 rg BT 275.15 666.95 Td (the ) Tj ET Q q 0 0 0 rg BT 290.07 666.95 Td (services ) Tj ET Q q 0 0 0 rg BT 325.49 666.95 Td (we ) Tj ET Q q 0 0 0 rg BT 339.41 666.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 371.34 666.95 Td (to ) Tj ET Q q 0 0 0 rg BT 381.26 666.95 Td (various ) Tj ET Q q 0 0 0 rg BT 412.68 666.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.60 666.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 462.53 666.95 Td (government ) Tj ET Q q 0 0 0 rg BT 512.47 666.95 Td (departments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 653.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.84 653.45 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 131.18 653.45 Td (W) Tj ET Q q 0 0 0 rg BT 139.51 653.45 Td (e ) Tj ET Q q 0 0 0 rg BT 147.34 653.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 176.67 653.45 Td (that ) Tj ET Q q 0 0 0 rg BT 194.51 653.45 Td (this ) Tj ET Q q 0 0 0 rg BT 211.33 653.45 Td (will ) Tj ET Q q 0 0 0 rg BT 226.65 653.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 263.49 653.45 Td (for ) Tj ET Q q 0 0 0 rg BT 276.82 653.45 Td (the ) Tj ET Q q 0 0 0 rg BT 292.15 653.45 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 342.00 653.45 Td (future. ) Tj ET Q q 0 0 0 rg BT 370.15 653.45 Td (There ) Tj ET Q q 0 0 0 rg BT 396.48 653.45 Td (can ) Tj ET Q q 0 0 0 rg BT 413.81 653.45 Td (be, ) Tj ET Q q 0 0 0 rg BT 429.14 653.45 Td (however) Tj ET Q q 0 0 0 rg BT 462.66 653.45 Td (, ) Tj ET Q q 0 0 0 rg BT 467.98 653.45 Td (no ) Tj ET Q q 0 0 0 rg BT 480.81 653.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 525.16 653.45 Td (that ) Tj ET Q q 0 0 0 rg BT 542.99 653.45 Td (each ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 639.95 Td (such ) Tj ET Q q 0 0 0 rg BT 93.55 639.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 113.59 639.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 143.64 639.95 Td (government ) Tj ET Q q 0 0 0 rg BT 193.70 639.95 Td (department ) Tj ET Q q 0 0 0 rg BT 241.77 639.95 Td (and ) Tj ET Q q 0 0 0 rg BT 259.32 639.95 Td (agency ) Tj ET Q q 0 0 0 rg BT 290.88 639.95 Td (will ) Tj ET Q q 0 0 0 rg BT 305.91 639.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 342.47 639.95 Td (to ) Tj ET Q q 0 0 0 rg BT 352.52 639.95 Td (utilize ) Tj ET Q q 0 0 0 rg BT 378.06 639.95 Td (our ) Tj ET Q q 0 0 0 rg BT 393.61 639.95 Td (services ) Tj ET Q q 0 0 0 rg BT 429.15 639.95 Td (to ) Tj ET Q q 0 0 0 rg BT 439.19 639.95 Td (the ) Tj ET Q q 0 0 0 rg BT 454.24 639.95 Td (same ) Tj ET Q q 0 0 0 rg BT 478.78 639.95 Td (extent, ) Tj ET Q q 0 0 0 rg BT 508.34 639.95 Td (or ) Tj ET Q q 0 0 0 rg BT 518.88 639.95 Td (at ) Tj ET Q q 0 0 0 rg BT 528.92 639.95 Td (all ) Tj ET Q q 0 0 0 rg BT 540.46 639.95 Td (in ) Tj ET Q q 0 0 0 rg BT 550.00 639.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 626.45 Td (future. ) Tj ET Q q 0 0 0 rg BT 99.40 626.45 Td (In ) Tj ET Q q 0 0 0 rg BT 108.80 626.45 Td (the ) Tj ET Q q 0 0 0 rg BT 123.19 626.45 Td (event ) Tj ET Q q 0 0 0 rg BT 147.10 626.45 Td (that ) Tj ET Q q 0 0 0 rg BT 164.00 626.45 Td (a ) Tj ET Q q 0 0 0 rg BT 170.89 626.45 Td (major ) Tj ET Q q 0 0 0 rg BT 195.28 626.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 214.67 626.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 244.08 626.45 Td (government ) Tj ET Q q 0 0 0 rg BT 293.50 626.45 Td (department ) Tj ET Q q 0 0 0 rg BT 340.91 626.45 Td (or ) Tj ET Q q 0 0 0 rg BT 350.80 626.45 Td (agency ) Tj ET Q q 0 0 0 rg BT 381.71 626.45 Td (were ) Tj ET Q q 0 0 0 rg BT 403.10 626.45 Td (to ) Tj ET Q q 0 0 0 rg BT 412.50 626.45 Td (limit, ) Tj ET Q q 0 0 0 rg BT 432.88 626.45 Td (reduce, ) Tj ET Q q 0 0 0 rg BT 464.79 626.45 Td (or ) Tj ET Q q 0 0 0 rg BT 474.68 626.45 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 512.58 626.45 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 626.45 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 612.95 Td (it ) Tj ET Q q 0 0 0 rg BT 79.21 612.95 Td (awards ) Tj ET Q q 0 0 0 rg BT 110.94 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 121.16 612.95 Td (us, ) Tj ET Q q 0 0 0 rg BT 135.88 612.95 Td (we ) Tj ET Q q 0 0 0 rg BT 150.10 612.95 Td (might ) Tj ET Q q 0 0 0 rg BT 174.82 612.95 Td (be ) Tj ET Q q 0 0 0 rg BT 187.55 612.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 217.29 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 227.51 612.95 Td (recover ) Tj ET Q q 0 0 0 rg BT 260.23 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 275.46 612.95 Td (lost ) Tj ET Q q 0 0 0 rg BT 292.18 612.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.42 612.95 Td (with ) Tj ET Q q 0 0 0 rg BT 346.14 612.95 Td (work ) Tj ET Q q 0 0 0 rg BT 367.85 612.95 Td (from ) Tj ET Q q 0 0 0 rg BT 388.57 612.95 Td (other ) Tj ET Q q 0 0 0 rg BT 411.80 612.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.01 612.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 462.25 612.95 Td (government ) Tj ET Q q 0 0 0 rg BT 512.49 612.95 Td (departments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 599.45 Td (or ) Tj ET Q q 0 0 0 rg BT 82.90 599.45 Td (agencies ) Tj ET Q q 0 0 0 rg BT 121.82 599.45 Td (or ) Tj ET Q q 0 0 0 rg BT 132.72 599.45 Td (other ) Tj ET Q q 0 0 0 rg BT 156.13 599.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 187.04 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 204.95 599.45 Td (our ) Tj ET Q q 0 0 0 rg BT 220.85 599.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 261.77 599.45 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 306.18 599.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.10 599.45 Td (condition ) Tj ET Q q 0 0 0 rg BT 381.02 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 398.94 599.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 439.36 599.45 Td (results ) Tj ET Q q 0 0 0 rg BT 468.76 599.45 Td (could ) Tj ET Q q 0 0 0 rg BT 493.18 599.45 Td (be ) Tj ET Q q 0 0 0 rg BT 506.08 599.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.49 599.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 585.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 112.86 585.95 Td (af) Tj ET Q q 0 0 0 rg BT 120.21 585.95 Td (fected. ) Tj ET Q q 0 0 0 rg BT 149.10 585.95 Td (Although ) Tj ET Q q 0 0 0 rg BT 186.98 585.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 209.82 585.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 250.68 585.95 Td (a ) Tj ET Q q 0 0 0 rg BT 258.03 585.95 Td (national ) Tj ET Q q 0 0 0 rg BT 291.90 585.95 Td (government ) Tj ET Q q 0 0 0 rg BT 341.77 585.95 Td (and ) Tj ET Q q 0 0 0 rg BT 359.13 585.95 Td (its ) Tj ET Q q 0 0 0 rg BT 370.48 585.95 Td (departments ) Tj ET Q q 0 0 0 rg BT 422.85 585.95 Td (and ) Tj ET Q q 0 0 0 rg BT 440.21 585.95 Td (agencies ) Tj ET Q q 0 0 0 rg BT 478.58 585.95 Td (as ) Tj ET Q q 0 0 0 rg BT 490.43 585.95 Td (a ) Tj ET Q q 0 0 0 rg BT 497.78 585.95 Td (single ) Tj ET Q q 0 0 0 rg BT 523.64 585.95 Td (client, ) Tj ET Q q 0 0 0 rg BT 549.50 585.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.45 Td (client ) Tj ET Q q 0 0 0 rg BT 95.45 572.45 Td (base ) Tj ET Q q 0 0 0 rg BT 117.41 572.45 Td (in ) Tj ET Q q 0 0 0 rg BT 126.86 572.45 Td (the ) Tj ET Q q 0 0 0 rg BT 141.81 572.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 161.76 572.45 Td (government ) Tj ET Q q 0 0 0 rg BT 211.72 572.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 252.68 572.45 Td (sector ) Tj ET Q q 0 0 0 rg BT 279.63 572.45 Td (is ) Tj ET Q q 0 0 0 rg BT 288.58 572.45 Td (in ) Tj ET Q q 0 0 0 rg BT 298.02 572.45 Td (fact ) Tj ET Q q 0 0 0 rg BT 314.97 572.45 Td (diversified ) Tj ET Q q 0 0 0 rg BT 357.93 572.45 Td (with ) Tj ET Q q 0 0 0 rg BT 376.38 572.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 415.33 572.45 Td (from ) Tj ET Q q 0 0 0 rg BT 435.77 572.45 Td (many ) Tj ET Q q 0 0 0 rg BT 460.22 572.45 Td (dif) Tj ET Q q 0 0 0 rg BT 469.57 572.45 Td (ferent ) Tj ET Q q 0 0 0 rg BT 495.02 572.45 Td (departments ) Tj ET Q q 0 0 0 rg BT 547.49 572.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 558.95 Td (agencies.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 535.166796875 m 176.04052734375 535.166796875 l s q 0 0 0 rg BT 72.00 536.45 Td (Government ) Tj ET Q q 0 0 0 rg BT 124.02 536.45 Td (business ) Tj ET Q q 0 0 0 rg BT 162.04 536.45 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 516.95 Td (Changes ) Tj ET Q q 0 0 0 rg BT 109.60 516.95 Td (in ) Tj ET Q q 0 0 0 rg BT 118.18 516.95 Td (government ) Tj ET Q q 0 0 0 rg BT 167.29 516.95 Td (spending ) Tj ET Q q 0 0 0 rg BT 205.39 516.95 Td (policies ) Tj ET Q q 0 0 0 rg BT 236.99 516.95 Td (or ) Tj ET Q q 0 0 0 rg BT 246.56 516.95 Td (budget ) Tj ET Q q 0 0 0 rg BT 275.67 516.95 Td (priorities ) Tj ET Q q 0 0 0 rg BT 311.25 516.95 Td (could ) Tj ET Q q 0 0 0 rg BT 334.34 516.95 Td (directly ) Tj ET Q q 0 0 0 rg BT 364.43 516.95 Td (af) Tj ET Q q 0 0 0 rg BT 371.77 516.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 387.85 516.95 Td (our ) Tj ET Q q 0 0 0 rg BT 402.44 516.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.03 516.95 Td (performance. ) Tj ET Q q 0 0 0 rg BT 491.32 516.95 Td (Among ) Tj ET Q q 0 0 0 rg BT 521.41 516.95 Td (the ) Tj ET Q q 0 0 0 rg BT 535.50 516.95 Td (factors ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 503.45 Td (that ) Tj ET Q q 0 0 0 rg BT 89.47 503.45 Td (could ) Tj ET Q q 0 0 0 rg BT 113.44 503.45 Td (harm ) Tj ET Q q 0 0 0 rg BT 136.40 503.45 Td (our ) Tj ET Q q 0 0 0 rg BT 151.87 503.45 Td (government ) Tj ET Q q 0 0 0 rg BT 201.85 503.45 Td (contracting ) Tj ET Q q 0 0 0 rg BT 248.33 503.45 Td (business ) Tj ET Q q 0 0 0 rg BT 286.31 503.45 Td (are: ) Tj ET Q q 0 0 0 rg BT 304.27 503.45 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 503.45 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 365.71 503.45 Td (of ) Tj ET Q q 0 0 0 rg BT 375.68 503.45 Td (governments) Tj ET Q q 0 0 0 rg BT 429.37 503.45 Td ( ) Tj ET Q q 0 0 0 rg BT 431.82 503.45 Td (use ) Tj ET Q q 0 0 0 rg BT 448.79 503.45 Td (of ) Tj ET Q q 0 0 0 rg BT 458.75 503.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 501.74 503.45 Td (and ) Tj ET Q q 0 0 0 rg BT 519.21 503.45 Td (IT) Tj ET Q q 0 0 0 rg BT 527.04 503.45 Td ( ) Tj ET Q q 0 0 0 rg BT 529.50 503.45 Td (services ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 489.95 Td (firms; ) Tj ET Q q 0 0 0 rg BT 96.76 489.95 Td (a ) Tj ET Q q 0 0 0 rg BT 104.53 489.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 147.31 489.95 Td (decline ) Tj ET Q q 0 0 0 rg BT 178.60 489.95 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 489.95 Td (spending ) Tj ET Q q 0 0 0 rg BT 227.66 489.95 Td (by ) Tj ET Q q 0 0 0 rg BT 239.93 489.95 Td (governments ) Tj ET Q q 0 0 0 rg BT 294.72 489.95 Td (in ) Tj ET Q q 0 0 0 rg BT 304.49 489.95 Td (general, ) Tj ET Q q 0 0 0 rg BT 339.78 489.95 Td (or ) Tj ET Q q 0 0 0 rg BT 350.55 489.95 Td (by ) Tj ET Q q 0 0 0 rg BT 362.82 489.95 Td (specific ) Tj ET Q q 0 0 0 rg BT 395.59 489.95 Td (departments ) Tj ET Q q 0 0 0 rg BT 448.38 489.95 Td (or ) Tj ET Q q 0 0 0 rg BT 459.15 489.95 Td (agencies ) Tj ET Q q 0 0 0 rg BT 497.94 489.95 Td (in ) Tj ET Q q 0 0 0 rg BT 507.71 489.95 Td (particular; ) Tj ET Q q 0 0 0 rg BT 549.99 489.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 476.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 109.09 476.45 Td (of ) Tj ET Q q 0 0 0 rg BT 119.15 476.45 Td (new ) Tj ET Q q 0 0 0 rg BT 138.22 476.45 Td (legislation ) Tj ET Q q 0 0 0 rg BT 180.80 476.45 Td (and/or ) Tj ET Q q 0 0 0 rg BT 208.87 476.45 Td (actions ) Tj ET Q q 0 0 0 rg BT 239.94 476.45 Td (af) Tj ET Q q 0 0 0 rg BT 247.29 476.45 Td (fecting ) Tj ET Q q 0 0 0 rg BT 276.36 476.45 Td (companies ) Tj ET Q q 0 0 0 rg BT 322.44 476.45 Td (that ) Tj ET Q q 0 0 0 rg BT 340.00 476.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 372.08 476.45 Td (services ) Tj ET Q q 0 0 0 rg BT 407.64 476.45 Td (to ) Tj ET Q q 0 0 0 rg BT 417.70 476.45 Td (governments; ) Tj ET Q q 0 0 0 rg BT 474.79 476.45 Td (delays ) Tj ET Q q 0 0 0 rg BT 503.36 476.45 Td (in ) Tj ET Q q 0 0 0 rg BT 512.92 476.45 Td (the ) Tj ET Q q 0 0 0 rg BT 527.98 476.45 Td (payment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 462.95 Td (of ) Tj ET Q q 0 0 0 rg BT 81.44 462.95 Td (our ) Tj ET Q q 0 0 0 rg BT 96.38 462.95 Td (invoices ) Tj ET Q q 0 0 0 rg BT 130.83 462.95 Td (by ) Tj ET Q q 0 0 0 rg BT 142.26 462.95 Td (government; ) Tj ET Q q 0 0 0 rg BT 194.22 462.95 Td (and ) Tj ET Q q 0 0 0 rg BT 211.17 462.95 Td (general ) Tj ET Q q 0 0 0 rg BT 243.13 462.95 Td (economic ) Tj ET Q q 0 0 0 rg BT 283.58 462.95 Td (and ) Tj ET Q q 0 0 0 rg BT 300.53 462.95 Td (political ) Tj ET Q q 0 0 0 rg BT 332.48 462.95 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 377.31 462.95 Td (These ) Tj ET Q q 0 0 0 rg BT 404.26 462.95 Td (or ) Tj ET Q q 0 0 0 rg BT 414.19 462.95 Td (other ) Tj ET Q q 0 0 0 rg BT 436.64 462.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 465.58 462.95 Td (could ) Tj ET Q q 0 0 0 rg BT 489.03 462.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 514.98 462.95 Td (government ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 449.45 Td (agencies ) Tj ET Q q 0 0 0 rg BT 110.66 449.45 Td (and ) Tj ET Q q 0 0 0 rg BT 128.31 449.45 Td (departments ) Tj ET Q q 0 0 0 rg BT 180.97 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 191.10 449.45 Td (reduce ) Tj ET Q q 0 0 0 rg BT 221.26 449.45 Td (their ) Tj ET Q q 0 0 0 rg BT 241.40 449.45 Td (purchases ) Tj ET Q q 0 0 0 rg BT 285.55 449.45 Td (under ) Tj ET Q q 0 0 0 rg BT 311.20 449.45 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 352.85 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 362.99 449.45 Td (exercise ) Tj ET Q q 0 0 0 rg BT 399.13 449.45 Td (their ) Tj ET Q q 0 0 0 rg BT 419.27 449.45 Td (right ) Tj ET Q q 0 0 0 rg BT 439.41 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 449.55 449.45 Td (terminate ) Tj ET Q q 0 0 0 rg BT 489.70 449.45 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 531.35 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 541.49 449.45 Td (issue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 435.95 Td (temporary ) Tj ET Q q 0 0 0 rg BT 114.43 435.95 Td (stop ) Tj ET Q q 0 0 0 rg BT 133.36 435.95 Td (work ) Tj ET Q q 0 0 0 rg BT 154.28 435.95 Td (orders, ) Tj ET Q q 0 0 0 rg BT 184.21 435.95 Td (or ) Tj ET Q q 0 0 0 rg BT 194.12 435.95 Td (not ) Tj ET Q q 0 0 0 rg BT 208.55 435.95 Td (to ) Tj ET Q q 0 0 0 rg BT 217.98 435.95 Td (exercise ) Tj ET Q q 0 0 0 rg BT 253.41 435.95 Td (options ) Tj ET Q q 0 0 0 rg BT 284.34 435.95 Td (to ) Tj ET Q q 0 0 0 rg BT 293.77 435.95 Td (renew ) Tj ET Q q 0 0 0 rg BT 320.20 435.95 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 361.13 435.95 Td (any ) Tj ET Q q 0 0 0 rg BT 377.56 435.95 Td (of ) Tj ET Q q 0 0 0 rg BT 386.98 435.95 Td (which ) Tj ET Q q 0 0 0 rg BT 411.91 435.95 Td (would ) Tj ET Q q 0 0 0 rg BT 437.34 435.95 Td (cause ) Tj ET Q q 0 0 0 rg BT 463.27 435.95 Td (us ) Tj ET Q q 0 0 0 rg BT 474.69 435.95 Td (to ) Tj ET Q q 0 0 0 rg BT 484.12 435.95 Td (lose ) Tj ET Q q 0 0 0 rg BT 502.54 435.95 Td (future ) Tj ET Q q 0 0 0 rg BT 527.47 435.95 Td (revenue. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 422.45 Td (Government ) Tj ET Q q 0 0 0 rg BT 123.90 422.45 Td (spending ) Tj ET Q q 0 0 0 rg BT 162.82 422.45 Td (reductions ) Tj ET Q q 0 0 0 rg BT 206.72 422.45 Td (or ) Tj ET Q q 0 0 0 rg BT 217.11 422.45 Td (budget ) Tj ET Q q 0 0 0 rg BT 247.02 422.45 Td (cutbacks ) Tj ET Q q 0 0 0 rg BT 284.92 422.45 Td (at ) Tj ET Q q 0 0 0 rg BT 294.80 422.45 Td (these ) Tj ET Q q 0 0 0 rg BT 319.20 422.45 Td (departments ) Tj ET Q q 0 0 0 rg BT 371.61 422.45 Td (or ) Tj ET Q q 0 0 0 rg BT 381.99 422.45 Td (agencies ) Tj ET Q q 0 0 0 rg BT 420.40 422.45 Td (could ) Tj ET Q q 0 0 0 rg BT 444.30 422.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 485.19 422.45 Td (harm ) Tj ET Q q 0 0 0 rg BT 508.08 422.45 Td (our ) Tj ET Q q 0 0 0 rg BT 523.47 422.45 Td (continued ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 408.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 125.02 408.95 Td (under ) Tj ET Q q 0 0 0 rg BT 150.54 408.95 Td (these ) Tj ET Q q 0 0 0 rg BT 175.06 408.95 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 216.58 408.95 Td (or ) Tj ET Q q 0 0 0 rg BT 227.08 408.95 Td (limit ) Tj ET Q q 0 0 0 rg BT 245.58 408.95 Td (the ) Tj ET Q q 0 0 0 rg BT 260.59 408.95 Td (awarding ) Tj ET Q q 0 0 0 rg BT 299.61 408.95 Td (of ) Tj ET Q q 0 0 0 rg BT 309.62 408.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 350.65 408.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 389.66 408.95 Td (from ) Tj ET Q q 0 0 0 rg BT 410.16 408.95 Td (these ) Tj ET Q q 0 0 0 rg BT 434.68 408.95 Td (agencies.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 385.166796875 m 132.0205078125 385.166796875 l s q 0 0 0 rg BT 72.00 386.45 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 118.02 386.45 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 366.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.07 366.95 Td (global ) Tj ET Q q 0 0 0 rg BT 117.16 366.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.25 366.95 Td (require ) Tj ET Q q 0 0 0 rg BT 193.34 366.95 Td (us ) Tj ET Q q 0 0 0 rg BT 205.91 366.95 Td (to ) Tj ET Q q 0 0 0 rg BT 216.48 366.95 Td (be ) Tj ET Q q 0 0 0 rg BT 229.56 366.95 Td (compliant ) Tj ET Q q 0 0 0 rg BT 271.14 366.95 Td (with ) Tj ET Q q 0 0 0 rg BT 290.21 366.95 Td (laws ) Tj ET Q q 0 0 0 rg BT 311.29 366.95 Td (and ) Tj ET Q q 0 0 0 rg BT 329.37 366.95 Td (regulations ) Tj ET Q q 0 0 0 rg BT 376.46 366.95 Td (in ) Tj ET Q q 0 0 0 rg BT 386.54 366.95 Td (many ) Tj ET Q q 0 0 0 rg BT 411.61 366.95 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 461.70 366.95 Td (on ) Tj ET Q q 0 0 0 rg BT 474.77 366.95 Td (matters ) Tj ET Q q 0 0 0 rg BT 507.85 366.95 Td (such ) Tj ET Q q 0 0 0 rg BT 529.92 366.95 Td (as: ) Tj ET Q q 0 0 0 rg BT 545.00 366.95 Td (anti-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 353.45 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 117.17 353.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 140.33 353.45 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 188.99 353.45 Td (immigration, ) Tj ET Q q 0 0 0 rg BT 240.66 353.45 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 277.33 353.45 Td (securities, ) Tj ET Q q 0 0 0 rg BT 320.49 353.45 Td (antitrust, ) Tj ET Q q 0 0 0 rg BT 357.65 353.45 Td (data ) Tj ET Q q 0 0 0 rg BT 377.82 353.45 Td (privacy) Tj ET Q q 0 0 0 rg BT 405.66 353.45 Td (, ) Tj ET Q q 0 0 0 rg BT 410.81 353.45 Td (labour ) Tj ET Q q 0 0 0 rg BT 438.48 353.45 Td (relations, ) Tj ET Q q 0 0 0 rg BT 477.65 353.45 Td (and ) Tj ET Q q 0 0 0 rg BT 495.31 353.45 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 353.45 Td (environment, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 339.95 Td (amongst ) Tj ET Q q 0 0 0 rg BT 109.25 339.95 Td (others. ) Tj ET Q q 0 0 0 rg BT 139.50 339.95 Td (Complying ) Tj ET Q q 0 0 0 rg BT 184.75 339.95 Td (with ) Tj ET Q q 0 0 0 rg BT 203.49 339.95 Td (these ) Tj ET Q q 0 0 0 rg BT 228.24 339.95 Td (diverse ) Tj ET Q q 0 0 0 rg BT 259.99 339.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 315.25 339.95 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 358.00 339.95 Td (is ) Tj ET Q q 0 0 0 rg BT 367.23 339.95 Td (a ) Tj ET Q q 0 0 0 rg BT 374.97 339.95 Td (challenge ) Tj ET Q q 0 0 0 rg BT 416.23 339.95 Td (and ) Tj ET Q q 0 0 0 rg BT 433.98 339.95 Td (consumes ) Tj ET Q q 0 0 0 rg BT 477.74 339.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.49 339.95 Td (resources. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 326.45 Td (The ) Tj ET Q q 0 0 0 rg BT 89.24 326.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 108.99 326.45 Td (and ) Tj ET Q q 0 0 0 rg BT 125.74 326.45 Td ( ) Tj ET Q q 0 0 0 rg BT 127.47 326.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 173.24 326.45 Td (frequently ) Tj ET Q q 0 0 0 rg BT 214.50 326.45 Td (change ) Tj ET Q q 0 0 0 rg BT 245.76 326.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.52 326.45 Td (some ) Tj ET Q q 0 0 0 rg BT 286.26 326.45 Td (may ) Tj ET Q q 0 0 0 rg BT 305.00 326.45 Td (impose ) Tj ET Q q 0 0 0 rg BT 335.75 326.45 Td (conflicting ) Tj ET Q q 0 0 0 rg BT 377.50 326.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 431.76 326.45 Td (which ) Tj ET Q q 0 0 0 rg BT 456.51 326.45 Td (may ) Tj ET Q q 0 0 0 rg BT 475.25 326.45 Td (expose ) Tj ET Q q 0 0 0 rg BT 506.01 326.45 Td (us ) Tj ET Q q 0 0 0 rg BT 517.25 326.45 Td (to ) Tj ET Q q 0 0 0 rg BT 526.49 326.45 Td (penalties ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 312.95 Td (for ) Tj ET Q q 0 0 0 rg BT 85.09 312.95 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 151.21 312.95 Td (and ) Tj ET Q q 0 0 0 rg BT 168.81 312.95 Td (harm ) Tj ET Q q 0 0 0 rg BT 191.90 312.95 Td (our ) Tj ET Q q 0 0 0 rg BT 207.49 312.95 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 252.61 312.95 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 307.21 312.95 Td (in ) Tj ET Q q 0 0 0 rg BT 316.80 312.95 Td (some ) Tj ET Q q 0 0 0 rg BT 341.39 312.95 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 393.49 312.95 Td (we ) Tj ET Q q 0 0 0 rg BT 407.58 312.95 Td (may ) Tj ET Q q 0 0 0 rg BT 427.17 312.95 Td (face ) Tj ET Q q 0 0 0 rg BT 446.77 312.95 Td (the ) Tj ET Q q 0 0 0 rg BT 461.86 312.95 Td (absence ) Tj ET Q q 0 0 0 rg BT 498.47 312.95 Td (of ) Tj ET Q q 0 0 0 rg BT 508.56 312.95 Td (ef) Tj ET Q q 0 0 0 rg BT 515.91 312.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 544.50 312.95 Td (laws ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.82 299.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 136.65 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 146.96 299.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 177.27 299.45 Td (our ) Tj ET Q q 0 0 0 rg BT 193.08 299.45 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 238.41 299.45 Td (property ) Tj ET Q q 0 0 0 rg BT 274.23 299.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 299.04 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 316.86 299.45 Td (there ) Tj ET Q q 0 0 0 rg BT 340.17 299.45 Td (may ) Tj ET Q q 0 0 0 rg BT 359.98 299.45 Td (be ) Tj ET Q q 0 0 0 rg BT 372.79 299.45 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 419.10 299.45 Td (on ) Tj ET Q q 0 0 0 rg BT 431.92 299.45 Td (the ) Tj ET Q q 0 0 0 rg BT 447.23 299.45 Td (movement ) Tj ET Q q 0 0 0 rg BT 492.05 299.45 Td (of ) Tj ET Q q 0 0 0 rg BT 502.36 299.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.17 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 541.99 299.45 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 285.95 Td (assets, ) Tj ET Q q 0 0 0 rg BT 103.29 285.95 Td (on ) Tj ET Q q 0 0 0 rg BT 116.07 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 131.36 285.95 Td (import ) Tj ET Q q 0 0 0 rg BT 159.14 285.95 Td (and ) Tj ET Q q 0 0 0 rg BT 176.93 285.95 Td (export ) Tj ET Q q 0 0 0 rg BT 204.72 285.95 Td (of ) Tj ET Q q 0 0 0 rg BT 215.00 285.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.79 285.95 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 300.60 285.95 Td (and ) Tj ET Q q 0 0 0 rg BT 318.40 285.95 Td (on ) Tj ET Q q 0 0 0 rg BT 331.18 285.95 Td (the ) Tj ET Q q 0 0 0 rg BT 346.47 285.95 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 394.27 285.95 Td (of ) Tj ET Q q 0 0 0 rg BT 404.55 285.95 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 443.80 285.95 Td (Any ) Tj ET Q q 0 0 0 rg BT 462.08 285.95 Td (or ) Tj ET Q q 0 0 0 rg BT 472.86 285.95 Td (all ) Tj ET Q q 0 0 0 rg BT 484.64 285.95 Td (of ) Tj ET Q q 0 0 0 rg BT 494.92 285.95 Td (these ) Tj ET Q q 0 0 0 rg BT 519.71 285.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 540.99 285.95 Td (could ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 272.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.01 272.45 Td (our ) Tj ET Q q 0 0 0 rg BT 116.52 272.45 Td (global ) Tj ET Q q 0 0 0 rg BT 143.04 272.45 Td (business ) Tj ET Q q 0 0 0 rg BT 181.06 272.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 225.59 272.45 Td (and ) Tj ET Q q 0 0 0 rg BT 243.11 272.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 269.62 272.45 Td (our ) Tj ET Q q 0 0 0 rg BT 285.13 272.45 Td (profitability ) Tj ET Q q 0 0 0 rg BT 330.65 272.45 Td (to ) Tj ET Q q 0 0 0 rg BT 340.66 272.45 Td (decline.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 252.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.72 252.95 Td (business ) Tj ET Q q 0 0 0 rg BT 127.97 252.95 Td (with ) Tj ET Q q 0 0 0 rg BT 146.69 252.95 Td (the ) Tj ET Q q 0 0 0 rg BT 161.93 252.95 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 182.15 252.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 212.39 252.95 Td (government ) Tj ET Q q 0 0 0 rg BT 262.64 252.95 Td (departments ) Tj ET Q q 0 0 0 rg BT 315.39 252.95 Td (and ) Tj ET Q q 0 0 0 rg BT 333.13 252.95 Td (agencies ) Tj ET Q q 0 0 0 rg BT 371.88 252.95 Td (also ) Tj ET Q q 0 0 0 rg BT 391.11 252.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 426.34 252.95 Td (that ) Tj ET Q q 0 0 0 rg BT 444.08 252.95 Td (we ) Tj ET Q q 0 0 0 rg BT 458.30 252.95 Td (comply ) Tj ET Q q 0 0 0 rg BT 489.53 252.95 Td (with ) Tj ET Q q 0 0 0 rg BT 508.26 252.95 Td (complex ) Tj ET Q q 0 0 0 rg BT 544.49 252.95 Td (laws ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 239.45 Td (and ) Tj ET Q q 0 0 0 rg BT 88.62 239.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 134.26 239.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 165.39 239.45 Td (to ) Tj ET Q q 0 0 0 rg BT 174.50 239.45 Td (government ) Tj ET Q q 0 0 0 rg BT 223.64 239.45 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 264.15 239.45 Td (These ) Tj ET Q q 0 0 0 rg BT 290.77 239.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 310.39 239.45 Td (and ) Tj ET Q q 0 0 0 rg BT 327.01 239.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 372.65 239.45 Td (relate ) Tj ET Q q 0 0 0 rg BT 396.77 239.45 Td (to ) Tj ET Q q 0 0 0 rg BT 405.88 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 420.00 239.45 Td (integrity ) Tj ET Q q 0 0 0 rg BT 453.12 239.45 Td (of ) Tj ET Q q 0 0 0 rg BT 462.24 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 476.36 239.45 Td (procurement ) Tj ET Q q 0 0 0 rg BT 528.49 239.45 Td (process, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 225.95 Td (impose ) Tj ET Q q 0 0 0 rg BT 102.93 225.95 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 145.37 225.95 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 202.31 225.95 Td (and ) Tj ET Q q 0 0 0 rg BT 219.24 225.95 Td (address ) Tj ET Q q 0 0 0 rg BT 253.18 225.95 Td (national ) Tj ET Q q 0 0 0 rg BT 286.62 225.95 Td (security ) Tj ET Q q 0 0 0 rg BT 319.55 225.95 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 360.49 225.95 Td (among ) Tj ET Q q 0 0 0 rg BT 389.92 225.95 Td (other ) Tj ET Q q 0 0 0 rg BT 412.35 225.95 Td (matters. ) Tj ET Q q 0 0 0 rg BT 446.78 225.95 Td (For ) Tj ET Q q 0 0 0 rg BT 462.20 225.95 Td (instance, ) Tj ET Q q 0 0 0 rg BT 500.14 225.95 Td (we ) Tj ET Q q 0 0 0 rg BT 513.56 225.95 Td (are ) Tj ET Q q 0 0 0 rg BT 528.48 225.95 Td (routinely ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 212.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 103.71 212.45 Td (to ) Tj ET Q q 0 0 0 rg BT 114.42 212.45 Td (audits ) Tj ET Q q 0 0 0 rg BT 141.63 212.45 Td (by ) Tj ET Q q 0 0 0 rg BT 154.33 212.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 175.04 212.45 Td (government ) Tj ET Q q 0 0 0 rg BT 225.76 212.45 Td (departments ) Tj ET Q q 0 0 0 rg BT 278.99 212.45 Td (and ) Tj ET Q q 0 0 0 rg BT 297.20 212.45 Td (agencies ) Tj ET Q q 0 0 0 rg BT 336.42 212.45 Td (with ) Tj ET Q q 0 0 0 rg BT 355.63 212.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 388.34 212.45 Td (to ) Tj ET Q q 0 0 0 rg BT 399.04 212.45 Td (compliance ) Tj ET Q q 0 0 0 rg BT 447.76 212.45 Td (with ) Tj ET Q q 0 0 0 rg BT 466.96 212.45 Td (these ) Tj ET Q q 0 0 0 rg BT 492.18 212.45 Td (rules. ) Tj ET Q q 0 0 0 rg BT 517.38 212.45 Td (If ) Tj ET Q q 0 0 0 rg BT 525.58 212.45 Td (we ) Tj ET Q q 0 0 0 rg BT 540.29 212.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 554.99 212.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 198.95 Td (comply ) Tj ET Q q 0 0 0 rg BT 102.02 198.95 Td (with ) Tj ET Q q 0 0 0 rg BT 119.55 198.95 Td (these ) Tj ET Q q 0 0 0 rg BT 143.08 198.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 197.12 198.95 Td (we ) Tj ET Q q 0 0 0 rg BT 210.15 198.95 Td (may ) Tj ET Q q 0 0 0 rg BT 228.67 198.95 Td (incur ) Tj ET Q q 0 0 0 rg BT 249.69 198.95 Td (penalties ) Tj ET Q q 0 0 0 rg BT 287.23 198.95 Td (and ) Tj ET Q q 0 0 0 rg BT 303.77 198.95 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 345.81 198.95 Td (including ) Tj ET Q q 0 0 0 rg BT 382.85 198.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 416.38 198.95 Td (termination, ) Tj ET Q q 0 0 0 rg BT 464.92 198.95 Td (suspension ) Tj ET Q q 0 0 0 rg BT 511.97 198.95 Td (of ) Tj ET Q q 0 0 0 rg BT 520.99 198.95 Td (payments, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 185.45 Td (suspension ) Tj ET Q q 0 0 0 rg BT 120.03 185.45 Td (or ) Tj ET Q q 0 0 0 rg BT 130.54 185.45 Td (debarment ) Tj ET Q q 0 0 0 rg BT 176.06 185.45 Td (from ) Tj ET Q q 0 0 0 rg BT 196.56 185.45 Td (doing ) Tj ET Q q 0 0 0 rg BT 221.08 185.45 Td (business ) Tj ET Q q 0 0 0 rg BT 259.11 185.45 Td (with ) Tj ET Q q 0 0 0 rg BT 277.61 185.45 Td (the ) Tj ET Q q 0 0 0 rg BT 292.62 185.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 322.64 185.45 Td (government, ) Tj ET Q q 0 0 0 rg BT 375.17 185.45 Td (and ) Tj ET Q q 0 0 0 rg BT 392.69 185.45 Td (fines.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 161.66679687500005 m 215.5693359375 161.66679687500005 l s q 0 0 0 rg BT 72.00 162.95 Td (Legal ) Tj ET Q q 0 0 0 rg BT 96.52 162.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 124.52 162.95 Td (made ) Tj ET Q q 0 0 0 rg BT 149.54 162.95 Td (against ) Tj ET Q q 0 0 0 rg BT 181.06 162.95 Td (our ) Tj ET Q q 0 0 0 rg BT 196.57 162.95 Td (work) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 143.45 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 143.45 Td (e ) Tj ET Q q 0 0 0 rg BT 87.78 143.45 Td (create, ) Tj ET Q q 0 0 0 rg BT 117.75 143.45 Td (implement ) Tj ET Q q 0 0 0 rg BT 161.71 143.45 Td (and ) Tj ET Q q 0 0 0 rg BT 179.17 143.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 215.63 143.45 Td (IT) Tj ET Q q 0 0 0 rg BT 223.47 143.45 Td ( ) Tj ET Q q 0 0 0 rg BT 225.92 143.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 263.88 143.45 Td (that ) Tj ET Q q 0 0 0 rg BT 281.34 143.45 Td (are ) Tj ET Q q 0 0 0 rg BT 296.80 143.45 Td (often ) Tj ET Q q 0 0 0 rg BT 319.26 143.45 Td (critical ) Tj ET Q q 0 0 0 rg BT 347.21 143.45 Td (to ) Tj ET Q q 0 0 0 rg BT 357.16 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 372.12 143.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 416.60 143.45 Td (of ) Tj ET Q q 0 0 0 rg BT 426.55 143.45 Td (our ) Tj ET Q q 0 0 0 rg BT 442.00 143.45 Td (clients) Tj ET Q q 0 0 0 rg BT 469.18 143.45 Td ( ) Tj ET Q q 0 0 0 rg BT 471.63 143.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 512.09 143.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 529.54 143.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 555.00 143.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 129.95 Td (complete ) Tj ET Q q 0 0 0 rg BT 110.61 129.95 Td (large ) Tj ET Q q 0 0 0 rg BT 132.71 129.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 166.32 129.95 Td (as ) Tj ET Q q 0 0 0 rg BT 177.91 129.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 216.53 129.95 Td (could ) Tj ET Q q 0 0 0 rg BT 240.13 129.95 Td (be ) Tj ET Q q 0 0 0 rg BT 252.24 129.95 Td (adversely ) Tj ET Q q 0 0 0 rg BT 292.84 129.95 Td (af) Tj ET Q q 0 0 0 rg BT 300.19 129.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 326.79 129.95 Td (by ) Tj ET Q q 0 0 0 rg BT 338.39 129.95 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 394.02 129.95 Td (delays, ) Tj ET Q q 0 0 0 rg BT 424.63 129.95 Td (renegotiations, ) Tj ET Q q 0 0 0 rg BT 485.76 129.95 Td (and ) Tj ET Q q 0 0 0 rg BT 502.87 129.95 Td (changing ) Tj ET Q q 0 0 0 rg BT 541.49 129.95 Td (client ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 116.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 126.88 116.45 Td (or ) Tj ET Q q 0 0 0 rg BT 137.24 116.45 Td (project ) Tj ET Q q 0 0 0 rg BT 166.62 116.45 Td (delays. ) Tj ET Q q 0 0 0 rg BT 197.02 116.45 Td (Also, ) Tj ET Q q 0 0 0 rg BT 219.39 116.45 Td (our ) Tj ET Q q 0 0 0 rg BT 234.76 116.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 272.64 116.45 Td (may ) Tj ET Q q 0 0 0 rg BT 292.00 116.45 Td (suf) Tj ET Q q 0 0 0 rg BT 303.84 116.45 Td (fer ) Tj ET Q q 0 0 0 rg BT 316.70 116.45 Td (from ) Tj ET Q q 0 0 0 rg BT 337.06 116.45 Td (defects ) Tj ET Q q 0 0 0 rg BT 368.44 116.45 Td (that ) Tj ET Q q 0 0 0 rg BT 385.81 116.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 426.69 116.45 Td (af) Tj ET Q q 0 0 0 rg BT 434.03 116.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 450.89 116.45 Td (their ) Tj ET Q q 0 0 0 rg BT 470.76 116.45 Td (performance; ) Tj ET Q q 0 0 0 rg BT 526.14 116.45 Td (they ) Tj ET Q q 0 0 0 rg BT 545.51 116.45 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 102.95 Td (not ) Tj ET Q q 0 0 0 rg BT 87.13 102.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 109.75 102.95 Td (our ) Tj ET Q q 0 0 0 rg BT 125.38 102.95 Td (clients) Tj ET Q q 0 0 0 rg BT 152.56 102.95 Td ( ) Tj ET Q q 0 0 0 rg BT 155.17 102.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 210.31 102.95 Td (or ) Tj ET Q q 0 0 0 rg BT 220.94 102.95 Td (may ) Tj ET Q q 0 0 0 rg BT 240.56 102.95 Td (fail ) Tj ET Q q 0 0 0 rg BT 254.68 102.95 Td (to ) Tj ET Q q 0 0 0 rg BT 264.80 102.95 Td (perform ) Tj ET Q q 0 0 0 rg BT 298.43 102.95 Td (in ) Tj ET Q q 0 0 0 rg BT 308.05 102.95 Td (accordance ) Tj ET Q q 0 0 0 rg BT 357.20 102.95 Td (with ) Tj ET Q q 0 0 0 rg BT 375.82 102.95 Td (applicable ) Tj ET Q q 0 0 0 rg BT 418.97 102.95 Td (service ) Tj ET Q q 0 0 0 rg BT 450.09 102.95 Td (levels. ) Tj ET Q q 0 0 0 rg BT 478.22 102.95 Td (Such ) Tj ET Q q 0 0 0 rg BT 501.35 102.95 Td (problems ) Tj ET Q q 0 0 0 rg BT 540.98 102.95 Td (could ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 89.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 102.70 89.45 Td (us ) Tj ET Q q 0 0 0 rg BT 114.38 89.45 Td (to ) Tj ET Q q 0 0 0 rg BT 124.07 89.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 145.27 89.45 Td (liability) Tj ET Q q 0 0 0 rg BT 171.61 89.45 Td (, ) Tj ET Q q 0 0 0 rg BT 176.29 89.45 Td (which ) Tj ET Q q 0 0 0 rg BT 201.48 89.45 Td (could ) Tj ET Q q 0 0 0 rg BT 225.17 89.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 265.86 89.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 306.56 89.45 Td (af) Tj ET Q q 0 0 0 rg BT 313.91 89.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.59 89.45 Td (our ) Tj ET Q q 0 0 0 rg BT 345.78 89.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 385.98 89.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.69 89.45 Td (results ) Tj ET Q q 0 0 0 rg BT 454.38 89.45 Td (and ) Tj ET Q q 0 0 0 rg BT 471.58 89.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.78 89.45 Td (condition, ) Tj ET Q q 0 0 0 rg BT 547.49 89.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 75.95 Td (may ) Tj ET Q q 0 0 0 rg BT 90.42 75.95 Td (negatively ) Tj ET Q q 0 0 0 rg BT 132.36 75.95 Td (af) Tj ET Q q 0 0 0 rg BT 139.71 75.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 155.63 75.95 Td (our ) Tj ET Q q 0 0 0 rg BT 170.05 75.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 220.00 75.95 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 263.94 75.95 Td (While ) Tj ET Q q 0 0 0 rg BT 287.87 75.95 Td (we ) Tj ET Q q 0 0 0 rg BT 300.79 75.95 Td (typically ) Tj ET Q q 0 0 0 rg BT 334.21 75.95 Td (use ) Tj ET Q q 0 0 0 rg BT 350.14 75.95 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 396.09 75.95 Td (ef) Tj ET Q q 0 0 0 rg BT 403.43 75.95 Td (forts ) Tj ET Q q 0 0 0 rg BT 422.35 75.95 Td (to ) Tj ET Q q 0 0 0 rg BT 431.28 75.95 Td (include ) Tj ET Q q 0 0 0 rg BT 461.21 75.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 503.15 75.95 Td (in ) Tj ET Q q 0 0 0 rg BT 511.57 75.95 Td (our ) Tj ET Q q 0 0 0 rg BT 525.99 75.95 Td (contracts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 62.45 Td (which ) Tj ET Q q 0 0 0 rg BT 97.28 62.45 Td (are ) Tj ET Q q 0 0 0 rg BT 112.56 62.45 Td (designed ) Tj ET Q q 0 0 0 rg BT 151.37 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 161.15 62.45 Td (limit ) Tj ET Q q 0 0 0 rg BT 179.42 62.45 Td (our ) Tj ET Q q 0 0 0 rg BT 194.70 62.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 234.00 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 243.78 62.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 265.06 62.45 Td (claims ) Tj ET Q q 0 0 0 rg BT 292.84 62.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 324.63 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 334.41 62.45 Td (our ) Tj ET Q q 0 0 0 rg BT 349.69 62.45 Td (services ) Tj ET Q q 0 0 0 rg BT 384.97 62.45 Td (and ) Tj ET Q q 0 0 0 rg BT 402.26 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 417.05 62.45 Td (applications ) Tj ET Q q 0 0 0 rg BT 466.85 62.45 Td (we ) Tj ET Q q 0 0 0 rg BT 480.63 62.45 Td (develop, ) Tj ET Q q 0 0 0 rg BT 516.93 62.45 Td (we ) Tj ET Q q 0 0 0 rg BT 530.71 62.45 Td (may ) Tj ET Q q 0 0 0 rg BT 549.98 62.45 Td (not ) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (64) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (always ) Tj ET Q q 0 0 0 rg BT 102.21 708.95 Td (be ) Tj ET Q q 0 0 0 rg BT 114.92 708.95 Td (able ) Tj ET Q q 0 0 0 rg BT 134.63 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 144.83 708.95 Td (include ) Tj ET Q q 0 0 0 rg BT 176.05 708.95 Td (such ) Tj ET Q q 0 0 0 rg BT 197.76 708.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 240.97 708.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 261.19 708.95 Td (where ) Tj ET Q q 0 0 0 rg BT 288.40 708.95 Td (we ) Tj ET Q q 0 0 0 rg BT 302.60 708.95 Td (are ) Tj ET Q q 0 0 0 rg BT 318.30 708.95 Td (successful, ) Tj ET Q q 0 0 0 rg BT 365.52 708.95 Td (such ) Tj ET Q q 0 0 0 rg BT 387.22 708.95 Td (provisions ) Tj ET Q q 0 0 0 rg BT 430.44 708.95 Td (may ) Tj ET Q q 0 0 0 rg BT 450.14 708.95 Td (not ) Tj ET Q q 0 0 0 rg BT 465.35 708.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 495.56 708.95 Td (us ) Tj ET Q q 0 0 0 rg BT 507.76 708.95 Td (adequately ) Tj ET Q q 0 0 0 rg BT 554.50 708.95 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (may ) Tj ET Q q 0 0 0 rg BT 91.50 695.45 Td (not ) Tj ET Q q 0 0 0 rg BT 106.51 695.45 Td (be ) Tj ET Q q 0 0 0 rg BT 119.03 695.45 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 168.56 695.45 Td (under ) Tj ET Q q 0 0 0 rg BT 194.08 695.45 Td (some ) Tj ET Q q 0 0 0 rg BT 218.59 695.45 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 278.60 695.45 Td (or ) Tj ET Q q 0 0 0 rg BT 289.11 695.45 Td (under ) Tj ET Q q 0 0 0 rg BT 314.63 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 329.64 695.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 350.14 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 360.15 695.45 Td (some ) Tj ET Q q 0 0 0 rg BT 384.66 695.45 Td (jurisdictions.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 671.666796875 m 226.56884765625 671.666796875 l s q 0 0 0 rg BT 72.00 672.95 Td (Data ) Tj ET Q q 0 0 0 rg BT 93.51 672.95 Td (protection ) Tj ET Q q 0 0 0 rg BT 135.54 672.95 Td (and ) Tj ET Q q 0 0 0 rg BT 153.05 672.95 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 208.07 672.95 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 653.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.13 653.45 Td (business ) Tj ET Q q 0 0 0 rg BT 126.78 653.45 Td (often ) Tj ET Q q 0 0 0 rg BT 148.93 653.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 183.58 653.45 Td (that ) Tj ET Q q 0 0 0 rg BT 200.72 653.45 Td (our ) Tj ET Q q 0 0 0 rg BT 215.86 653.45 Td (clients) Tj ET Q q 0 0 0 rg BT 243.03 653.45 Td ( ) Tj ET Q q 0 0 0 rg BT 245.16 653.45 Td (applications ) Tj ET Q q 0 0 0 rg BT 294.83 653.45 Td (and ) Tj ET Q q 0 0 0 rg BT 311.97 653.45 Td (information, ) Tj ET Q q 0 0 0 rg BT 361.12 653.45 Td (which ) Tj ET Q q 0 0 0 rg BT 386.26 653.45 Td (may ) Tj ET Q q 0 0 0 rg BT 405.40 653.45 Td (include ) Tj ET Q q 0 0 0 rg BT 436.05 653.45 Td (their ) Tj ET Q q 0 0 0 rg BT 455.69 653.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 500.83 653.45 Td (information ) Tj ET Q q 0 0 0 rg BT 547.49 653.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 639.95 Td (personal ) Tj ET Q q 0 0 0 rg BT 110.01 639.95 Td (information ) Tj ET Q q 0 0 0 rg BT 158.02 639.95 Td (they ) Tj ET Q q 0 0 0 rg BT 178.51 639.95 Td (manage, ) Tj ET Q q 0 0 0 rg BT 217.02 639.95 Td (be ) Tj ET Q q 0 0 0 rg BT 230.52 639.95 Td (processed ) Tj ET Q q 0 0 0 rg BT 275.53 639.95 Td (and ) Tj ET Q q 0 0 0 rg BT 294.03 639.95 Td (stored ) Tj ET Q q 0 0 0 rg BT 322.53 639.95 Td (on ) Tj ET Q q 0 0 0 rg BT 336.03 639.95 Td (our ) Tj ET Q q 0 0 0 rg BT 352.52 639.95 Td (networks ) Tj ET Q q 0 0 0 rg BT 392.02 639.95 Td (and ) Tj ET Q q 0 0 0 rg BT 410.52 639.95 Td (systems, ) Tj ET Q q 0 0 0 rg BT 449.51 639.95 Td (and ) Tj ET Q q 0 0 0 rg BT 468.01 639.95 Td (in ) Tj ET Q q 0 0 0 rg BT 478.50 639.95 Td (data ) Tj ET Q q 0 0 0 rg BT 499.51 639.95 Td (centers ) Tj ET Q q 0 0 0 rg BT 532.51 639.95 Td (that ) Tj ET Q q 0 0 0 rg BT 551.00 639.95 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 626.45 Td (manage. ) Tj ET Q q 0 0 0 rg BT 109.34 626.45 Td (W) Tj ET Q q 0 0 0 rg BT 117.67 626.45 Td (e ) Tj ET Q q 0 0 0 rg BT 125.00 626.45 Td (also ) Tj ET Q q 0 0 0 rg BT 143.83 626.45 Td (process ) Tj ET Q q 0 0 0 rg BT 177.66 626.45 Td (and ) Tj ET Q q 0 0 0 rg BT 194.99 626.45 Td (store ) Tj ET Q q 0 0 0 rg BT 217.32 626.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 262.66 626.45 Td (information ) Tj ET Q q 0 0 0 rg BT 309.50 626.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 341.33 626.45 Td (to ) Tj ET Q q 0 0 0 rg BT 351.16 626.45 Td (our ) Tj ET Q q 0 0 0 rg BT 366.48 626.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 406.82 626.45 Td (and ) Tj ET Q q 0 0 0 rg BT 424.16 626.45 Td (personal ) Tj ET Q q 0 0 0 rg BT 461.00 626.45 Td (information ) Tj ET Q q 0 0 0 rg BT 507.84 626.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 539.67 626.45 Td (to ) Tj ET Q q 0 0 0 rg BT 549.50 626.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 612.95 Td (members. ) Tj ET Q q 0 0 0 rg BT 114.12 612.95 Td (The ) Tj ET Q q 0 0 0 rg BT 131.89 612.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.66 612.95 Td (is ) Tj ET Q q 0 0 0 rg BT 181.42 612.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 212.20 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 221.96 612.95 Td (numerous ) Tj ET Q q 0 0 0 rg BT 264.24 612.95 Td (laws ) Tj ET Q q 0 0 0 rg BT 284.50 612.95 Td (and ) Tj ET Q q 0 0 0 rg BT 301.78 612.95 Td (regulations ) Tj ET Q q 0 0 0 rg BT 348.07 612.95 Td (designed ) Tj ET Q q 0 0 0 rg BT 386.86 612.95 Td (to ) Tj ET Q q 0 0 0 rg BT 396.62 612.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 426.40 612.95 Td (information, ) Tj ET Q q 0 0 0 rg BT 475.68 612.95 Td (such ) Tj ET Q q 0 0 0 rg BT 496.94 612.95 Td (as ) Tj ET Q q 0 0 0 rg BT 508.71 612.95 Td (the ) Tj ET Q q 0 0 0 rg BT 523.48 612.95 Td (European ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 599.45 Td (Union) Tj ET Q q 0 0 0 rg BT 97.35 599.45 Td (s ) Tj ET Q q 0 0 0 rg BT 104.50 599.45 Td (General ) Tj ET Q q 0 0 0 rg BT 139.17 599.45 Td (Data ) Tj ET Q q 0 0 0 rg BT 160.83 599.45 Td (Protection ) Tj ET Q q 0 0 0 rg BT 204.01 599.45 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 249.69 599.45 Td (\(GDPR\), ) Tj ET Q q 0 0 0 rg BT 286.84 599.45 Td (various ) Tj ET Q q 0 0 0 rg BT 318.50 599.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 339.16 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 356.82 599.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 403.50 599.45 Td (in ) Tj ET Q q 0 0 0 rg BT 413.16 599.45 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 449.84 599.45 Td (the ) Tj ET Q q 0 0 0 rg BT 465.00 599.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 485.15 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 502.82 599.45 Td (other ) Tj ET Q q 0 0 0 rg BT 525.98 599.45 Td (countries ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 585.95 Td (in ) Tj ET Q q 0 0 0 rg BT 80.82 585.95 Td (which ) Tj ET Q q 0 0 0 rg BT 105.65 585.95 Td (the ) Tj ET Q q 0 0 0 rg BT 119.98 585.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.31 585.95 Td (operates ) Tj ET Q q 0 0 0 rg BT 197.15 585.95 Td (governing ) Tj ET Q q 0 0 0 rg BT 238.50 585.95 Td (the ) Tj ET Q q 0 0 0 rg BT 252.83 585.95 Td (protection ) Tj ET Q q 0 0 0 rg BT 294.17 585.95 Td (of ) Tj ET Q q 0 0 0 rg BT 303.49 585.95 Td (health ) Tj ET Q q 0 0 0 rg BT 329.83 585.95 Td (or ) Tj ET Q q 0 0 0 rg BT 339.65 585.95 Td (other ) Tj ET Q q 0 0 0 rg BT 361.98 585.95 Td (personally ) Tj ET Q q 0 0 0 rg BT 404.82 585.95 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 449.67 585.95 Td (information ) Tj ET Q q 0 0 0 rg BT 496.00 585.95 Td (and ) Tj ET Q q 0 0 0 rg BT 512.84 585.95 Td (data ) Tj ET Q q 0 0 0 rg BT 532.17 585.95 Td (privacy) Tj ET Q q 0 0 0 rg BT 560.01 585.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 572.45 Td (These ) Tj ET Q q 0 0 0 rg BT 100.53 572.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 122.04 572.45 Td (and ) Tj ET Q q 0 0 0 rg BT 140.57 572.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 188.11 572.45 Td (are ) Tj ET Q q 0 0 0 rg BT 204.63 572.45 Td (increasing ) Tj ET Q q 0 0 0 rg BT 249.17 572.45 Td (in ) Tj ET Q q 0 0 0 rg BT 259.69 572.45 Td (number ) Tj ET Q q 0 0 0 rg BT 293.72 572.45 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 572.45 Td (complexity ) Tj ET Q q 0 0 0 rg BT 358.27 572.45 Td (and ) Tj ET Q q 0 0 0 rg BT 376.80 572.45 Td (are ) Tj ET Q q 0 0 0 rg BT 393.32 572.45 Td (being ) Tj ET Q q 0 0 0 rg BT 418.85 572.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 454.90 572.45 Td (and ) Tj ET Q q 0 0 0 rg BT 473.43 572.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 514.47 572.45 Td (with ) Tj ET Q q 0 0 0 rg BT 533.99 572.45 Td (greater ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 558.95 Td (frequency) Tj ET Q q 0 0 0 rg BT 110.86 558.95 Td (, ) Tj ET Q q 0 0 0 rg BT 115.86 558.95 Td (which ) Tj ET Q q 0 0 0 rg BT 141.38 558.95 Td (results ) Tj ET Q q 0 0 0 rg BT 170.39 558.95 Td (in ) Tj ET Q q 0 0 0 rg BT 179.90 558.95 Td (greater ) Tj ET Q q 0 0 0 rg BT 210.92 558.95 Td (compliance ) Tj ET Q q 0 0 0 rg BT 258.95 558.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 275.45 558.95 Td (and ) Tj ET Q q 0 0 0 rg BT 292.97 558.95 Td (cost. ) Tj ET Q q 0 0 0 rg BT 314.32 558.95 Td (The ) Tj ET Q q 0 0 0 rg BT 332.34 558.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 368.87 558.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.39 558.95 Td (penalties ) Tj ET Q q 0 0 0 rg BT 442.93 558.95 Td (for ) Tj ET Q q 0 0 0 rg BT 455.93 558.95 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 521.98 558.95 Td (with ) Tj ET Q q 0 0 0 rg BT 540.49 558.95 Td (these ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 545.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 91.76 545.45 Td (and ) Tj ET Q q 0 0 0 rg BT 108.53 545.45 Td (regulations ) Tj ET Q q 0 0 0 rg BT 154.31 545.45 Td (have ) Tj ET Q q 0 0 0 rg BT 175.58 545.45 Td (significantly ) Tj ET Q q 0 0 0 rg BT 223.85 545.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 264.63 545.45 Td (with ) Tj ET Q q 0 0 0 rg BT 282.39 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 296.65 545.45 Td (adoption ) Tj ET Q q 0 0 0 rg BT 332.94 545.45 Td (of ) Tj ET Q q 0 0 0 rg BT 342.20 545.45 Td (the ) Tj ET Q q 0 0 0 rg BT 356.46 545.45 Td (GDPR. ) Tj ET Q q 0 0 0 rg BT 386.60 545.45 Td (The ) Tj ET Q q 0 0 0 rg BT 403.87 545.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 450.36 545.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 473.12 545.45 Td (Data ) Tj ET Q q 0 0 0 rg BT 493.88 545.45 Td (Protection ) Tj ET Q q 0 0 0 rg BT 536.16 545.45 Td (Of) Tj ET Q q 0 0 0 rg BT 545.50 545.45 Td (ficer ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 531.95 Td (oversees ) Tj ET Q q 0 0 0 rg BT 110.77 531.95 Td (the ) Tj ET Q q 0 0 0 rg BT 125.52 531.95 Td (Company's ) Tj ET Q q 0 0 0 rg BT 172.51 531.95 Td (compliance ) Tj ET Q q 0 0 0 rg BT 220.28 531.95 Td (with ) Tj ET Q q 0 0 0 rg BT 238.53 531.95 Td (the ) Tj ET Q q 0 0 0 rg BT 253.29 531.95 Td (laws ) Tj ET Q q 0 0 0 rg BT 273.54 531.95 Td (that ) Tj ET Q q 0 0 0 rg BT 290.80 531.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 320.56 531.95 Td (the ) Tj ET Q q 0 0 0 rg BT 335.32 531.95 Td (privacy ) Tj ET Q q 0 0 0 rg BT 366.08 531.95 Td (of ) Tj ET Q q 0 0 0 rg BT 375.83 531.95 Td (personal ) Tj ET Q q 0 0 0 rg BT 412.60 531.95 Td (information. ) Tj ET Q q 0 0 0 rg BT 461.72 531.95 Td (The ) Tj ET Q q 0 0 0 rg BT 479.48 531.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.25 531.95 Td (faces ) Tj ET Q q 0 0 0 rg BT 544.00 531.95 Td (risks ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 518.45 Td (inherent ) Tj ET Q q 0 0 0 rg BT 106.88 518.45 Td (in ) Tj ET Q q 0 0 0 rg BT 116.24 518.45 Td (protecting ) Tj ET Q q 0 0 0 rg BT 158.12 518.45 Td (the ) Tj ET Q q 0 0 0 rg BT 172.98 518.45 Td (security ) Tj ET Q q 0 0 0 rg BT 206.35 518.45 Td (of ) Tj ET Q q 0 0 0 rg BT 216.21 518.45 Td (such ) Tj ET Q q 0 0 0 rg BT 237.57 518.45 Td (personal ) Tj ET Q q 0 0 0 rg BT 274.45 518.45 Td (data ) Tj ET Q q 0 0 0 rg BT 294.32 518.45 Td (which ) Tj ET Q q 0 0 0 rg BT 319.69 518.45 Td (have ) Tj ET Q q 0 0 0 rg BT 341.56 518.45 Td (grown ) Tj ET Q q 0 0 0 rg BT 368.43 518.45 Td (in ) Tj ET Q q 0 0 0 rg BT 377.79 518.45 Td (complexity) Tj ET Q q 0 0 0 rg BT 419.63 518.45 Td (, ) Tj ET Q q 0 0 0 rg BT 424.49 518.45 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 468.87 518.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.24 518.45 Td (frequency ) Tj ET Q q 0 0 0 rg BT 528.12 518.45 Td (in ) Tj ET Q q 0 0 0 rg BT 537.48 518.45 Td (recent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 504.95 Td (years. ) Tj ET Q q 0 0 0 rg BT 99.11 504.95 Td (Digital ) Tj ET Q q 0 0 0 rg BT 126.71 504.95 Td (information ) Tj ET Q q 0 0 0 rg BT 173.83 504.95 Td (and ) Tj ET Q q 0 0 0 rg BT 191.45 504.95 Td (equipment ) Tj ET Q q 0 0 0 rg BT 236.07 504.95 Td (are ) Tj ET Q q 0 0 0 rg BT 251.68 504.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 282.79 504.95 Td (to ) Tj ET Q q 0 0 0 rg BT 292.90 504.95 Td (loss, ) Tj ET Q q 0 0 0 rg BT 314.00 504.95 Td (theft ) Tj ET Q q 0 0 0 rg BT 334.11 504.95 Td (or ) Tj ET Q q 0 0 0 rg BT 344.71 504.95 Td (destruction, ) Tj ET Q q 0 0 0 rg BT 393.84 504.95 Td (and ) Tj ET Q q 0 0 0 rg BT 411.45 504.95 Td (services ) Tj ET Q q 0 0 0 rg BT 447.06 504.95 Td (that ) Tj ET Q q 0 0 0 rg BT 464.67 504.95 Td (we ) Tj ET Q q 0 0 0 rg BT 478.77 504.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 510.89 504.95 Td (may ) Tj ET Q q 0 0 0 rg BT 530.49 504.95 Td (become ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 491.45 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 119.09 491.45 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 167.20 491.45 Td (as ) Tj ET Q q 0 0 0 rg BT 179.28 491.45 Td (a ) Tj ET Q q 0 0 0 rg BT 186.86 491.45 Td (result ) Tj ET Q q 0 0 0 rg BT 211.45 491.45 Td (of ) Tj ET Q q 0 0 0 rg BT 221.53 491.45 Td (those ) Tj ET Q q 0 0 0 rg BT 246.12 491.45 Td (risks, ) Tj ET Q q 0 0 0 rg BT 269.70 491.45 Td (or ) Tj ET Q q 0 0 0 rg BT 280.27 491.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 302.87 491.45 Td (an ) Tj ET Q q 0 0 0 rg BT 315.46 491.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 360.06 491.45 Td (or ) Tj ET Q q 0 0 0 rg BT 370.64 491.45 Td (system ) Tj ET Q q 0 0 0 rg BT 401.72 491.45 Td (malfunction. ) Tj ET Q q 0 0 0 rg BT 452.66 491.45 Td (The ) Tj ET Q q 0 0 0 rg BT 470.74 491.45 Td (causes ) Tj ET Q q 0 0 0 rg BT 501.83 491.45 Td (of ) Tj ET Q q 0 0 0 rg BT 511.91 491.45 Td (such ) Tj ET Q q 0 0 0 rg BT 533.50 491.45 Td (failures ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 477.95 Td (include ) Tj ET Q q 0 0 0 rg BT 103.34 477.95 Td (human ) Tj ET Q q 0 0 0 rg BT 133.68 477.95 Td (error ) Tj ET Q q 0 0 0 rg BT 155.50 477.95 Td (in ) Tj ET Q q 0 0 0 rg BT 165.33 477.95 Td (the ) Tj ET Q q 0 0 0 rg BT 180.66 477.95 Td (course ) Tj ET Q q 0 0 0 rg BT 210.49 477.95 Td (of ) Tj ET Q q 0 0 0 rg BT 220.82 477.95 Td (normal ) Tj ET Q q 0 0 0 rg BT 251.15 477.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.00 477.95 Td (\(including ) Tj ET Q q 0 0 0 rg BT 337.34 477.95 Td (from ) Tj ET Q q 0 0 0 rg BT 358.16 477.95 Td (advertent ) Tj ET Q q 0 0 0 rg BT 398.51 477.95 Td (or ) Tj ET Q q 0 0 0 rg BT 409.33 477.95 Td (inadvertent ) Tj ET Q q 0 0 0 rg BT 456.68 477.95 Td (actions ) Tj ET Q q 0 0 0 rg BT 488.02 477.95 Td (or ) Tj ET Q q 0 0 0 rg BT 498.84 477.95 Td (inactions ) Tj ET Q q 0 0 0 rg BT 537.18 477.95 Td (by ) Tj ET Q q 0 0 0 rg BT 549.51 477.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 464.45 Td (members\), ) Tj ET Q q 0 0 0 rg BT 118.56 464.45 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 173.64 464.45 Td (and ) Tj ET Q q 0 0 0 rg BT 192.21 464.45 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 235.79 464.45 Td (activities, ) Tj ET Q q 0 0 0 rg BT 276.35 464.45 Td (as ) Tj ET Q q 0 0 0 rg BT 289.41 464.45 Td (well ) Tj ET Q q 0 0 0 rg BT 308.46 464.45 Td (as ) Tj ET Q q 0 0 0 rg BT 321.52 464.45 Td (hacking, ) Tj ET Q q 0 0 0 rg BT 358.59 464.45 Td (vandalism ) Tj ET Q q 0 0 0 rg BT 402.66 464.45 Td (\(including ) Tj ET Q q 0 0 0 rg BT 444.73 464.45 Td (denial ) Tj ET Q q 0 0 0 rg BT 472.30 464.45 Td (of ) Tj ET Q q 0 0 0 rg BT 483.36 464.45 Td (service ) Tj ET Q q 0 0 0 rg BT 515.41 464.45 Td (attacks ) Tj ET Q q 0 0 0 rg BT 547.48 464.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 450.95 Td (computer ) Tj ET Q q 0 0 0 rg BT 112.35 450.95 Td (viruses\), ) Tj ET Q q 0 0 0 rg BT 149.20 450.95 Td (theft, ) Tj ET Q q 0 0 0 rg BT 172.05 450.95 Td (and ) Tj ET Q q 0 0 0 rg BT 189.91 450.95 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 244.78 450.95 Td (access, ) Tj ET Q q 0 0 0 rg BT 278.13 450.95 Td (as ) Tj ET Q q 0 0 0 rg BT 290.48 450.95 Td (well ) Tj ET Q q 0 0 0 rg BT 308.82 450.95 Td (as ) Tj ET Q q 0 0 0 rg BT 321.17 450.95 Td (power ) Tj ET Q q 0 0 0 rg BT 348.52 450.95 Td (outages ) Tj ET Q q 0 0 0 rg BT 383.38 450.95 Td (or ) Tj ET Q q 0 0 0 rg BT 394.22 450.95 Td (surges, ) Tj ET Q q 0 0 0 rg BT 426.58 450.95 Td (floods, ) Tj ET Q q 0 0 0 rg BT 455.93 450.95 Td (fires, ) Tj ET Q q 0 0 0 rg BT 478.27 450.95 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.63 450.95 Td (disasters ) Tj ET Q q 0 0 0 rg BT 547.48 450.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 437.45 Td (many ) Tj ET Q q 0 0 0 rg BT 96.47 437.45 Td (other ) Tj ET Q q 0 0 0 rg BT 119.45 437.45 Td (causes. ) Tj ET Q q 0 0 0 rg BT 152.78 437.45 Td (The ) Tj ET Q q 0 0 0 rg BT 170.75 437.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 212.73 437.45 Td (that ) Tj ET Q q 0 0 0 rg BT 230.21 437.45 Td (we ) Tj ET Q q 0 0 0 rg BT 244.18 437.45 Td (take ) Tj ET Q q 0 0 0 rg BT 263.66 437.45 Td (to ) Tj ET Q q 0 0 0 rg BT 273.63 437.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 303.61 437.45 Td (against ) Tj ET Q q 0 0 0 rg BT 335.10 437.45 Td (all ) Tj ET Q q 0 0 0 rg BT 346.57 437.45 Td (information ) Tj ET Q q 0 0 0 rg BT 393.56 437.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 448.54 437.45 Td (risks, ) Tj ET Q q 0 0 0 rg BT 472.01 437.45 Td (including ) Tj ET Q q 0 0 0 rg BT 510.00 437.45 Td (both ) Tj ET Q q 0 0 0 rg BT 529.98 437.45 Td (physical ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 423.95 Td (and ) Tj ET Q q 0 0 0 rg BT 89.86 423.95 Td (logical ) Tj ET Q q 0 0 0 rg BT 118.23 423.95 Td (controls ) Tj ET Q q 0 0 0 rg BT 152.59 423.95 Td (on ) Tj ET Q q 0 0 0 rg BT 165.44 423.95 Td (access ) Tj ET Q q 0 0 0 rg BT 196.30 423.95 Td (to ) Tj ET Q q 0 0 0 rg BT 206.65 423.95 Td (premises ) Tj ET Q q 0 0 0 rg BT 246.01 423.95 Td (and ) Tj ET Q q 0 0 0 rg BT 263.87 423.95 Td (information ) Tj ET Q q 0 0 0 rg BT 311.24 423.95 Td (may ) Tj ET Q q 0 0 0 rg BT 331.09 423.95 Td (prove ) Tj ET Q q 0 0 0 rg BT 356.45 423.95 Td (in ) Tj ET Q q 0 0 0 rg BT 366.30 423.95 Td (some ) Tj ET Q q 0 0 0 rg BT 391.16 423.95 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 451.52 423.95 Td (to ) Tj ET Q q 0 0 0 rg BT 461.88 423.95 Td (be ) Tj ET Q q 0 0 0 rg BT 474.73 423.95 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 522.12 423.95 Td (to ) Tj ET Q q 0 0 0 rg BT 532.48 423.95 Td (prevent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.40 410.45 Td (improper ) Tj ET Q q 0 0 0 rg BT 123.81 410.45 Td (disclosure, ) Tj ET Q q 0 0 0 rg BT 168.72 410.45 Td (loss, ) Tj ET Q q 0 0 0 rg BT 189.12 410.45 Td (theft, ) Tj ET Q q 0 0 0 rg BT 211.02 410.45 Td (misappropriation ) Tj ET Q q 0 0 0 rg BT 279.45 410.45 Td (of, ) Tj ET Q q 0 0 0 rg BT 291.35 410.45 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 345.28 410.45 Td (access ) Tj ET Q q 0 0 0 rg BT 375.18 410.45 Td (to, ) Tj ET Q q 0 0 0 rg BT 387.08 410.45 Td (or ) Tj ET Q q 0 0 0 rg BT 396.98 410.45 Td (destruction ) Tj ET Q q 0 0 0 rg BT 442.89 410.45 Td (of ) Tj ET Q q 0 0 0 rg BT 452.29 410.45 Td (client ) Tj ET Q q 0 0 0 rg BT 475.20 410.45 Td (information, ) Tj ET Q q 0 0 0 rg BT 524.11 410.45 Td (or ) Tj ET Q q 0 0 0 rg BT 534.00 410.45 Td (service ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 396.95 Td (interruptions. ) Tj ET Q q 0 0 0 rg BT 126.35 396.95 Td (Such ) Tj ET Q q 0 0 0 rg BT 149.18 396.95 Td (events ) Tj ET Q q 0 0 0 rg BT 178.02 396.95 Td (may ) Tj ET Q q 0 0 0 rg BT 197.34 396.95 Td (expose ) Tj ET Q q 0 0 0 rg BT 228.68 396.95 Td (the ) Tj ET Q q 0 0 0 rg BT 243.51 396.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.35 396.95 Td (to ) Tj ET Q q 0 0 0 rg BT 294.17 396.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.52 396.95 Td (loss ) Tj ET Q q 0 0 0 rg BT 347.84 396.95 Td (arising ) Tj ET Q q 0 0 0 rg BT 376.67 396.95 Td (from ) Tj ET Q q 0 0 0 rg BT 396.99 396.95 Td (the ) Tj ET Q q 0 0 0 rg BT 411.82 396.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 435.15 396.95 Td (of ) Tj ET Q q 0 0 0 rg BT 444.97 396.95 Td (remediation ) Tj ET Q q 0 0 0 rg BT 494.32 396.95 Td (and ) Tj ET Q q 0 0 0 rg BT 511.66 396.95 Td (those ) Tj ET Q q 0 0 0 rg BT 535.99 396.95 Td (arising ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 383.45 Td (from ) Tj ET Q q 0 0 0 rg BT 93.10 383.45 Td (litigation ) Tj ET Q q 0 0 0 rg BT 129.22 383.45 Td (from ) Tj ET Q q 0 0 0 rg BT 150.32 383.45 Td (our ) Tj ET Q q 0 0 0 rg BT 166.42 383.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 195.03 383.45 Td (and ) Tj ET Q q 0 0 0 rg BT 213.15 383.45 Td (third ) Tj ET Q q 0 0 0 rg BT 233.75 383.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 263.86 383.45 Td (\(including ) Tj ET Q q 0 0 0 rg BT 305.49 383.45 Td (under ) Tj ET Q q 0 0 0 rg BT 331.60 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 347.21 383.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 368.32 383.45 Td (that ) Tj ET Q q 0 0 0 rg BT 386.43 383.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 417.04 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 432.65 383.45 Td (privacy ) Tj ET Q q 0 0 0 rg BT 464.25 383.45 Td (of ) Tj ET Q q 0 0 0 rg BT 474.86 383.45 Td (personal ) Tj ET Q q 0 0 0 rg BT 512.48 383.45 Td (information\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 369.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 100.00 369.95 Td (and ) Tj ET Q q 0 0 0 rg BT 117.52 369.95 Td (damages, ) Tj ET Q q 0 0 0 rg BT 159.54 369.95 Td (as ) Tj ET Q q 0 0 0 rg BT 171.55 369.95 Td (well ) Tj ET Q q 0 0 0 rg BT 189.55 369.95 Td (as ) Tj ET Q q 0 0 0 rg BT 201.56 369.95 Td (expose ) Tj ET Q q 0 0 0 rg BT 233.08 369.95 Td (the ) Tj ET Q q 0 0 0 rg BT 248.09 369.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.11 369.95 Td (to ) Tj ET Q q 0 0 0 rg BT 299.12 369.95 Td (government ) Tj ET Q q 0 0 0 rg BT 349.15 369.95 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 389.67 369.95 Td (and ) Tj ET Q q 0 0 0 rg BT 407.18 369.95 Td (damage ) Tj ET Q q 0 0 0 rg BT 442.21 369.95 Td (to ) Tj ET Q q 0 0 0 rg BT 452.21 369.95 Td (our ) Tj ET Q q 0 0 0 rg BT 467.72 369.95 Td (brand ) Tj ET Q q 0 0 0 rg BT 493.24 369.95 Td (and ) Tj ET Q q 0 0 0 rg BT 510.76 369.95 Td (reputation.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 346.166796875 m 198.54052734375 346.166796875 l s q 0 0 0 rg BT 72.00 347.45 Td (Security ) Tj ET Q q 0 0 0 rg BT 107.01 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 124.53 347.45 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 180.04 347.45 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 327.95 Td (In ) Tj ET Q q 0 0 0 rg BT 82.69 327.95 Td (the ) Tj ET Q q 0 0 0 rg BT 98.38 327.95 Td (current ) Tj ET Q q 0 0 0 rg BT 129.57 327.95 Td (environment, ) Tj ET Q q 0 0 0 rg BT 184.78 327.95 Td (the ) Tj ET Q q 0 0 0 rg BT 200.47 327.95 Td (volume, ) Tj ET Q q 0 0 0 rg BT 235.17 327.95 Td (velocity ) Tj ET Q q 0 0 0 rg BT 268.36 327.95 Td (and ) Tj ET Q q 0 0 0 rg BT 286.56 327.95 Td (creativity ) Tj ET Q q 0 0 0 rg BT 325.25 327.95 Td (of ) Tj ET Q q 0 0 0 rg BT 335.94 327.95 Td (security ) Tj ET Q q 0 0 0 rg BT 370.13 327.95 Td (threats ) Tj ET Q q 0 0 0 rg BT 400.82 327.95 Td (and ) Tj ET Q q 0 0 0 rg BT 419.02 327.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 444.21 327.95 Td (attacks ) Tj ET Q q 0 0 0 rg BT 475.90 327.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 513.11 327.95 Td (to ) Tj ET Q q 0 0 0 rg BT 523.80 327.95 Td (grow) Tj ET Q q 0 0 0 rg BT 542.81 327.95 Td (, ) Tj ET Q q 0 0 0 rg BT 548.49 327.95 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 314.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 106.79 314.45 Td (criminal ) Tj ET Q q 0 0 0 rg BT 139.56 314.45 Td (hackers, ) Tj ET Q q 0 0 0 rg BT 175.35 314.45 Td (hacktivists, ) Tj ET Q q 0 0 0 rg BT 221.13 314.45 Td (state ) Tj ET Q q 0 0 0 rg BT 242.41 314.45 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 286.21 314.45 Td (organizations, ) Tj ET Q q 0 0 0 rg BT 344.02 314.45 Td (industrial ) Tj ET Q q 0 0 0 rg BT 381.81 314.45 Td (espionage, ) Tj ET Q q 0 0 0 rg BT 427.61 314.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 468.41 314.45 Td (misconduct, ) Tj ET Q q 0 0 0 rg BT 518.20 314.45 Td (and ) Tj ET Q q 0 0 0 rg BT 534.98 314.45 Td (human ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 300.95 Td (or ) Tj ET Q q 0 0 0 rg BT 81.89 300.95 Td (technological ) Tj ET Q q 0 0 0 rg BT 136.31 300.95 Td (error) Tj ET Q q 0 0 0 rg BT 154.81 300.95 Td (. ) Tj ET Q q 0 0 0 rg BT 158.82 300.95 Td (As ) Tj ET Q q 0 0 0 rg BT 171.21 300.95 Td (a ) Tj ET Q q 0 0 0 rg BT 178.10 300.95 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 220.00 300.95 Td (IT) Tj ET Q q 0 0 0 rg BT 227.83 300.95 Td ( ) Tj ET Q q 0 0 0 rg BT 229.72 300.95 Td (and ) Tj ET Q q 0 0 0 rg BT 246.62 300.95 Td (business ) Tj ET Q q 0 0 0 rg BT 284.02 300.95 Td (consulting ) Tj ET Q q 0 0 0 rg BT 326.43 300.95 Td (firm ) Tj ET Q q 0 0 0 rg BT 343.31 300.95 Td (providing ) Tj ET Q q 0 0 0 rg BT 381.72 300.95 Td (services ) Tj ET Q q 0 0 0 rg BT 416.61 300.95 Td (to ) Tj ET Q q 0 0 0 rg BT 426.00 300.95 Td (both ) Tj ET Q q 0 0 0 rg BT 445.40 300.95 Td (the ) Tj ET Q q 0 0 0 rg BT 459.79 300.95 Td (private ) Tj ET Q q 0 0 0 rg BT 488.69 300.95 Td (and ) Tj ET Q q 0 0 0 rg BT 505.59 300.95 Td (public ) Tj ET Q q 0 0 0 rg BT 530.99 300.95 Td (sectors, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 287.45 Td (we ) Tj ET Q q 0 0 0 rg BT 87.33 287.45 Td (process ) Tj ET Q q 0 0 0 rg BT 122.68 287.45 Td (and ) Tj ET Q q 0 0 0 rg BT 141.52 287.45 Td (store ) Tj ET Q q 0 0 0 rg BT 165.36 287.45 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 216.71 287.45 Td (large ) Tj ET Q q 0 0 0 rg BT 240.55 287.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 278.90 287.45 Td (of ) Tj ET Q q 0 0 0 rg BT 290.23 287.45 Td (data ) Tj ET Q q 0 0 0 rg BT 311.58 287.45 Td (for ) Tj ET Q q 0 0 0 rg BT 325.91 287.45 Td (our ) Tj ET Q q 0 0 0 rg BT 342.74 287.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 374.58 287.45 Td (including ) Tj ET Q q 0 0 0 rg BT 413.94 287.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 460.78 287.45 Td (information ) Tj ET Q q 0 0 0 rg BT 509.13 287.45 Td (and ) Tj ET Q q 0 0 0 rg BT 527.98 287.45 Td (personal ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 273.95 Td (information. ) Tj ET Q q 0 0 0 rg BT 121.59 273.95 Td (Consequently) Tj ET Q q 0 0 0 rg BT 175.96 273.95 Td (, ) Tj ET Q q 0 0 0 rg BT 181.02 273.95 Td (our ) Tj ET Q q 0 0 0 rg BT 196.60 273.95 Td (business ) Tj ET Q q 0 0 0 rg BT 234.69 273.95 Td (could ) Tj ET Q q 0 0 0 rg BT 258.77 273.95 Td (be ) Tj ET Q q 0 0 0 rg BT 271.34 273.95 Td (negatively ) Tj ET Q q 0 0 0 rg BT 314.44 273.95 Td (impacted ) Tj ET Q q 0 0 0 rg BT 353.52 273.95 Td (by ) Tj ET Q q 0 0 0 rg BT 365.59 273.95 Td (physical ) Tj ET Q q 0 0 0 rg BT 400.68 273.95 Td (and ) Tj ET Q q 0 0 0 rg BT 418.26 273.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 442.83 273.95 Td (threats, ) Tj ET Q q 0 0 0 rg BT 475.41 273.95 Td (which ) Tj ET Q q 0 0 0 rg BT 500.99 273.95 Td (could ) Tj ET Q q 0 0 0 rg BT 525.07 273.95 Td (af) Tj ET Q q 0 0 0 rg BT 532.42 273.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.49 273.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 260.45 Td (future ) Tj ET Q q 0 0 0 rg BT 97.51 260.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 121.03 260.45 Td (and ) Tj ET Q q 0 0 0 rg BT 138.54 260.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.06 260.45 Td (position ) Tj ET Q q 0 0 0 rg BT 207.58 260.45 Td (or ) Tj ET Q q 0 0 0 rg BT 218.09 260.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 254.61 260.45 Td (our ) Tj ET Q q 0 0 0 rg BT 270.11 260.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.62 260.45 Td (and ) Tj ET Q q 0 0 0 rg BT 311.14 260.45 Td (expenses. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 240.95 Td (An ) Tj ET Q q 0 0 0 rg BT 85.23 240.95 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 139.48 240.95 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 182.22 240.95 Td (of ) Tj ET Q q 0 0 0 rg BT 191.94 240.95 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 229.18 240.95 Td (or ) Tj ET Q q 0 0 0 rg BT 239.40 240.95 Td (confidential ) Tj ET Q q 0 0 0 rg BT 287.15 240.95 Td (client ) Tj ET Q q 0 0 0 rg BT 310.38 240.95 Td (or ) Tj ET Q q 0 0 0 rg BT 320.60 240.95 Td (member ) Tj ET Q q 0 0 0 rg BT 355.82 240.95 Td (information, ) Tj ET Q q 0 0 0 rg BT 405.06 240.95 Td (including ) Tj ET Q q 0 0 0 rg BT 442.81 240.95 Td (cyber-attacks ) Tj ET Q q 0 0 0 rg BT 498.54 240.95 Td (or ) Tj ET Q q 0 0 0 rg BT 508.76 240.95 Td (other ) Tj ET Q q 0 0 0 rg BT 531.50 240.95 Td (security ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 227.45 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 113.61 227.45 Td (could ) Tj ET Q q 0 0 0 rg BT 137.20 227.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 163.30 227.45 Td (a ) Tj ET Q q 0 0 0 rg BT 170.39 227.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 188.47 227.45 Td (of ) Tj ET Q q 0 0 0 rg BT 198.06 227.45 Td (data, ) Tj ET Q q 0 0 0 rg BT 220.16 227.45 Td (give ) Tj ET Q q 0 0 0 rg BT 238.75 227.45 Td (rise ) Tj ET Q q 0 0 0 rg BT 255.34 227.45 Td (to ) Tj ET Q q 0 0 0 rg BT 264.92 227.45 Td (remediation ) Tj ET Q q 0 0 0 rg BT 314.03 227.45 Td (or ) Tj ET Q q 0 0 0 rg BT 324.11 227.45 Td (other ) Tj ET Q q 0 0 0 rg BT 346.71 227.45 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 389.82 227.45 Td (expose ) Tj ET Q q 0 0 0 rg BT 420.92 227.45 Td (us ) Tj ET Q q 0 0 0 rg BT 432.51 227.45 Td (to ) Tj ET Q q 0 0 0 rg BT 442.10 227.45 Td (liability ) Tj ET Q q 0 0 0 rg BT 471.19 227.45 Td (under ) Tj ET Q q 0 0 0 rg BT 496.29 227.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 525.89 227.45 Td (and ) Tj ET Q q 0 0 0 rg BT 542.98 227.45 Td (state ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 213.95 Td (laws, ) Tj ET Q q 0 0 0 rg BT 94.63 213.95 Td (and ) Tj ET Q q 0 0 0 rg BT 111.77 213.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.41 213.95 Td (us ) Tj ET Q q 0 0 0 rg BT 154.04 213.95 Td (to ) Tj ET Q q 0 0 0 rg BT 163.68 213.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 198.82 213.95 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 213.95 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 275.12 213.95 Td (which ) Tj ET Q q 0 0 0 rg BT 300.26 213.95 Td (could ) Tj ET Q q 0 0 0 rg BT 323.90 213.95 Td (have ) Tj ET Q q 0 0 0 rg BT 345.54 213.95 Td (an ) Tj ET Q q 0 0 0 rg BT 357.68 213.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 391.82 213.95 Td (ef) Tj ET Q q 0 0 0 rg BT 399.16 213.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 415.79 213.95 Td (on ) Tj ET Q q 0 0 0 rg BT 427.93 213.95 Td (our ) Tj ET Q q 0 0 0 rg BT 443.06 213.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 483.21 213.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.35 213.95 Td (flows, ) Tj ET Q q 0 0 0 rg BT 529.48 213.95 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 200.45 Td (condition ) Tj ET Q q 0 0 0 rg BT 109.76 200.45 Td (and ) Tj ET Q q 0 0 0 rg BT 126.50 200.45 Td (results ) Tj ET Q q 0 0 0 rg BT 154.74 200.45 Td (of ) Tj ET Q q 0 0 0 rg BT 163.97 200.45 Td (operations. ) Tj ET Q q 0 0 0 rg BT 210.12 200.45 Td (These ) Tj ET Q q 0 0 0 rg BT 236.86 200.45 Td (security ) Tj ET Q q 0 0 0 rg BT 269.60 200.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 289.82 200.45 Td (to ) Tj ET Q q 0 0 0 rg BT 299.06 200.45 Td (the ) Tj ET Q q 0 0 0 rg BT 313.30 200.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.55 200.45 Td (include ) Tj ET Q q 0 0 0 rg BT 383.79 200.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 419.55 200.45 Td (attacks ) Tj ET Q q 0 0 0 rg BT 449.79 200.45 Td (not ) Tj ET Q q 0 0 0 rg BT 464.03 200.45 Td (only ) Tj ET Q q 0 0 0 rg BT 482.27 200.45 Td (of ) Tj ET Q q 0 0 0 rg BT 491.51 200.45 Td (our ) Tj ET Q q 0 0 0 rg BT 506.24 200.45 Td (own ) Tj ET Q q 0 0 0 rg BT 524.48 200.45 Td (solutions, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 186.95 Td (services ) Tj ET Q q 0 0 0 rg BT 107.30 186.95 Td (and ) Tj ET Q q 0 0 0 rg BT 124.60 186.95 Td (systems, ) Tj ET Q q 0 0 0 rg BT 162.40 186.95 Td (but ) Tj ET Q q 0 0 0 rg BT 177.20 186.95 Td (also ) Tj ET Q q 0 0 0 rg BT 196.00 186.95 Td (those ) Tj ET Q q 0 0 0 rg BT 220.31 186.95 Td (of ) Tj ET Q q 0 0 0 rg BT 230.10 186.95 Td (our ) Tj ET Q q 0 0 0 rg BT 245.40 186.95 Td (clients, ) Tj ET Q q 0 0 0 rg BT 275.70 186.95 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 325.01 186.95 Td (business ) Tj ET Q q 0 0 0 rg BT 362.82 186.95 Td (partners, ) Tj ET Q q 0 0 0 rg BT 400.63 186.95 Td (vendors ) Tj ET Q q 0 0 0 rg BT 434.94 186.95 Td (and ) Tj ET Q q 0 0 0 rg BT 452.25 186.95 Td (other ) Tj ET Q q 0 0 0 rg BT 475.05 186.95 Td (third ) Tj ET Q q 0 0 0 rg BT 494.85 186.95 Td (parties. ) Tj ET Q q 0 0 0 rg BT 526.20 186.95 Td (Any ) Tj ET Q q 0 0 0 rg BT 544.00 186.95 Td (local ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 173.45 Td (issue ) Tj ET Q q 0 0 0 rg BT 95.45 173.45 Td (in ) Tj ET Q q 0 0 0 rg BT 104.90 173.45 Td (a ) Tj ET Q q 0 0 0 rg BT 112.34 173.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 151.30 173.45 Td (Unit ) Tj ET Q q 0 0 0 rg BT 169.75 173.45 Td (could ) Tj ET Q q 0 0 0 rg BT 193.70 173.45 Td (have ) Tj ET Q q 0 0 0 rg BT 215.66 173.45 Td (a ) Tj ET Q q 0 0 0 rg BT 223.10 173.45 Td (global ) Tj ET Q q 0 0 0 rg BT 249.57 173.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 278.51 173.45 Td (on ) Tj ET Q q 0 0 0 rg BT 290.96 173.45 Td (the ) Tj ET Q q 0 0 0 rg BT 305.92 173.45 Td (entire ) Tj ET Q q 0 0 0 rg BT 330.87 173.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.83 173.45 Td (, ) Tj ET Q q 0 0 0 rg BT 376.77 173.45 Td (thus ) Tj ET Q q 0 0 0 rg BT 396.22 173.45 Td (visibility ) Tj ET Q q 0 0 0 rg BT 429.67 173.45 Td (and ) Tj ET Q q 0 0 0 rg BT 447.12 173.45 Td (timely ) Tj ET Q q 0 0 0 rg BT 473.06 173.45 Td (escalation ) Tj ET Q q 0 0 0 rg BT 516.03 173.45 Td (on ) Tj ET Q q 0 0 0 rg BT 528.48 173.45 Td (potential ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 159.95 Td (issues ) Tj ET Q q 0 0 0 rg BT 100.01 159.95 Td (are ) Tj ET Q q 0 0 0 rg BT 115.52 159.95 Td (key) Tj ET Q q 0 0 0 rg BT 128.86 159.95 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 140.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.84 140.45 Td (Company) Tj ET Q q 0 0 0 rg BT 131.19 140.45 Td (s ) Tj ET Q q 0 0 0 rg BT 139.02 140.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 163.37 140.45 Td (Security ) Tj ET Q q 0 0 0 rg BT 199.21 140.45 Td (Of) Tj ET Q q 0 0 0 rg BT 208.54 140.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 228.88 140.45 Td (is ) Tj ET Q q 0 0 0 rg BT 238.71 140.45 Td (responsible ) Tj ET Q q 0 0 0 rg BT 288.07 140.45 Td (for ) Tj ET Q q 0 0 0 rg BT 301.90 140.45 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 349.26 140.45 Td (the ) Tj ET Q q 0 0 0 rg BT 365.10 140.45 Td (security ) Tj ET Q q 0 0 0 rg BT 399.44 140.45 Td (of ) Tj ET Q q 0 0 0 rg BT 410.28 140.45 Td (the ) Tj ET Q q 0 0 0 rg BT 426.12 140.45 Td (Company) Tj ET Q q 0 0 0 rg BT 463.97 140.45 Td (. ) Tj ET Q q 0 0 0 rg BT 469.80 140.45 Td (W) Tj ET Q q 0 0 0 rg BT 478.13 140.45 Td (e ) Tj ET Q q 0 0 0 rg BT 486.47 140.45 Td (seek ) Tj ET Q q 0 0 0 rg BT 508.81 140.45 Td (to ) Tj ET Q q 0 0 0 rg BT 519.65 140.45 Td (detect ) Tj ET Q q 0 0 0 rg BT 547.49 140.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 126.95 Td (investigate ) Tj ET Q q 0 0 0 rg BT 118.32 126.95 Td (all ) Tj ET Q q 0 0 0 rg BT 130.63 126.95 Td (security ) Tj ET Q q 0 0 0 rg BT 164.93 126.95 Td (incidents ) Tj ET Q q 0 0 0 rg BT 203.75 126.95 Td (and ) Tj ET Q q 0 0 0 rg BT 222.07 126.95 Td (to ) Tj ET Q q 0 0 0 rg BT 232.87 126.95 Td (prevent ) Tj ET Q q 0 0 0 rg BT 266.19 126.95 Td (their ) Tj ET Q q 0 0 0 rg BT 286.99 126.95 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 334.81 126.95 Td (or ) Tj ET Q q 0 0 0 rg BT 346.11 126.95 Td (recurrence, ) Tj ET Q q 0 0 0 rg BT 394.93 126.95 Td (by: ) Tj ET Q q 0 0 0 rg BT 410.23 126.95 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 421.52 126.95 Td (developing ) Tj ET Q q 0 0 0 rg BT 468.36 126.95 Td (and ) Tj ET Q q 0 0 0 rg BT 486.67 126.95 Td (regularly ) Tj ET Q q 0 0 0 rg BT 524.48 126.95 Td (reviewing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 113.45 Td (policies ) Tj ET Q q 0 0 0 rg BT 104.62 113.45 Td (and ) Tj ET Q q 0 0 0 rg BT 122.25 113.45 Td (standards ) Tj ET Q q 0 0 0 rg BT 164.38 113.45 Td (related ) Tj ET Q q 0 0 0 rg BT 194.51 113.45 Td (to ) Tj ET Q q 0 0 0 rg BT 204.62 113.45 Td (information ) Tj ET Q q 0 0 0 rg BT 251.75 113.45 Td (security) Tj ET Q q 0 0 0 rg BT 282.09 113.45 Td (, ) Tj ET Q q 0 0 0 rg BT 287.20 113.45 Td (data ) Tj ET Q q 0 0 0 rg BT 307.32 113.45 Td (privacy) Tj ET Q q 0 0 0 rg BT 335.16 113.45 Td (, ) Tj ET Q q 0 0 0 rg BT 340.27 113.45 Td (physical ) Tj ET Q q 0 0 0 rg BT 375.39 113.45 Td (security ) Tj ET Q q 0 0 0 rg BT 409.01 113.45 Td (and ) Tj ET Q q 0 0 0 rg BT 426.63 113.45 Td (business ) Tj ET Q q 0 0 0 rg BT 464.76 113.45 Td (continuity; ) Tj ET Q q 0 0 0 rg BT 507.89 113.45 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 520.49 113.45 Td (monitoring ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 99.95 Td (the ) Tj ET Q q 0 0 0 rg BT 86.85 99.95 Td (Company) Tj ET Q q 0 0 0 rg BT 127.20 99.95 Td (s ) Tj ET Q q 0 0 0 rg BT 134.04 99.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.90 99.95 Td (against ) Tj ET Q q 0 0 0 rg BT 218.26 99.95 Td (these ) Tj ET Q q 0 0 0 rg BT 242.61 99.95 Td (policies ) Tj ET Q q 0 0 0 rg BT 274.96 99.95 Td (and ) Tj ET Q q 0 0 0 rg BT 292.32 99.95 Td (standards; ) Tj ET Q q 0 0 0 rg BT 336.68 99.95 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 351.01 99.95 Td (developing ) Tj ET Q q 0 0 0 rg BT 396.88 99.95 Td (strategies ) Tj ET Q q 0 0 0 rg BT 438.24 99.95 Td (intended ) Tj ET Q q 0 0 0 rg BT 475.11 99.95 Td (to ) Tj ET Q q 0 0 0 rg BT 484.95 99.95 Td (seek ) Tj ET Q q 0 0 0 rg BT 506.30 99.95 Td (to ) Tj ET Q q 0 0 0 rg BT 516.14 99.95 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 549.99 99.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 86.45 Td (Company) Tj ET Q q 0 0 0 rg BT 112.35 86.45 Td (s ) Tj ET Q q 0 0 0 rg BT 119.32 86.45 Td (risks, ) Tj ET Q q 0 0 0 rg BT 142.78 86.45 Td (including ) Tj ET Q q 0 0 0 rg BT 180.77 86.45 Td (through ) Tj ET Q q 0 0 0 rg BT 213.76 86.45 Td (security ) Tj ET Q q 0 0 0 rg BT 247.23 86.45 Td (trainings ) Tj ET Q q 0 0 0 rg BT 283.72 86.45 Td (for ) Tj ET Q q 0 0 0 rg BT 296.68 86.45 Td (all ) Tj ET Q q 0 0 0 rg BT 308.15 86.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 354.14 86.45 Td (to ) Tj ET Q q 0 0 0 rg BT 364.11 86.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 400.60 86.45 Td (awareness ) Tj ET Q q 0 0 0 rg BT 446.58 86.45 Td (of ) Tj ET Q q 0 0 0 rg BT 456.55 86.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 493.05 86.45 Td (cyber ) Tj ET Q q 0 0 0 rg BT 517.52 86.45 Td (threats; ) Tj ET Q q 0 0 0 rg BT 550.00 86.45 Td (\(iv\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 72.95 Td (implementing ) Tj ET Q q 0 0 0 rg BT 128.76 72.95 Td (security ) Tj ET Q q 0 0 0 rg BT 163.00 72.95 Td (measures ) Tj ET Q q 0 0 0 rg BT 205.75 72.95 Td (to ) Tj ET Q q 0 0 0 rg BT 216.50 72.95 Td (ensure ) Tj ET Q q 0 0 0 rg BT 247.25 72.95 Td (an ) Tj ET Q q 0 0 0 rg BT 260.50 72.95 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 309.26 72.95 Td (level ) Tj ET Q q 0 0 0 rg BT 331.01 72.95 Td (of ) Tj ET Q q 0 0 0 rg BT 341.75 72.95 Td (control ) Tj ET Q q 0 0 0 rg BT 372.00 72.95 Td (based ) Tj ET Q q 0 0 0 rg BT 399.75 72.95 Td (on ) Tj ET Q q 0 0 0 rg BT 413.00 72.95 Td (the ) Tj ET Q q 0 0 0 rg BT 428.75 72.95 Td (nature ) Tj ET Q q 0 0 0 rg BT 457.50 72.95 Td (of ) Tj ET Q q 0 0 0 rg BT 468.24 72.95 Td (the ) Tj ET Q q 0 0 0 rg BT 483.99 72.95 Td (information ) Tj ET Q q 0 0 0 rg BT 531.75 72.95 Td (and ) Tj ET Q q 0 0 0 rg BT 550.00 72.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 59.45 Td (inherent ) Tj ET Q q 0 0 0 rg BT 107.17 59.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 128.32 59.45 Td (attached ) Tj ET Q q 0 0 0 rg BT 165.49 59.45 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 198.66 59.45 Td (including ) Tj ET Q q 0 0 0 rg BT 236.84 59.45 Td (through ) Tj ET Q q 0 0 0 rg BT 270.01 59.45 Td (access ) Tj ET Q q 0 0 0 rg BT 300.67 59.45 Td (management, ) Tj ET Q q 0 0 0 rg BT 358.35 59.45 Td (security ) Tj ET Q q 0 0 0 rg BT 392.01 59.45 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 436.67 59.45 Td (and ) Tj ET Q q 0 0 0 rg BT 454.34 59.45 Td (testing ) Tj ET Q q 0 0 0 rg BT 483.50 59.45 Td (to ) Tj ET Q q 0 0 0 rg BT 493.66 59.45 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 527.82 59.45 Td (and ) Tj ET Q q 0 0 0 rg BT 545.48 59.45 Td (help ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (65) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (detect ) Tj ET Q q 0 0 0 rg BT 99.20 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 116.90 708.95 Td (respond ) Tj ET Q q 0 0 0 rg BT 152.10 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 162.29 708.95 Td (attempts ) Tj ET Q q 0 0 0 rg BT 199.48 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 209.67 708.95 Td (gain ) Tj ET Q q 0 0 0 rg BT 229.37 708.95 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 284.09 708.95 Td (access ) Tj ET Q q 0 0 0 rg BT 314.78 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 324.97 708.95 Td (information ) Tj ET Q q 0 0 0 rg BT 372.17 708.95 Td (systems ) Tj ET Q q 0 0 0 rg BT 407.85 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 425.55 708.95 Td (networks; ) Tj ET Q q 0 0 0 rg BT 466.75 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 484.44 708.95 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 497.62 708.95 Td (working ) Tj ET Q q 0 0 0 rg BT 531.31 708.95 Td (with ) Tj ET Q q 0 0 0 rg BT 550.00 708.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 105.43 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 122.37 695.45 Td (governments ) Tj ET Q q 0 0 0 rg BT 176.32 695.45 Td (against ) Tj ET Q q 0 0 0 rg BT 207.26 695.45 Td (cyber ) Tj ET Q q 0 0 0 rg BT 231.19 695.45 Td (threats. ) Tj ET Q q 0 0 0 rg BT 263.12 695.45 Td (However) Tj ET Q q 0 0 0 rg BT 298.14 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 302.56 695.45 Td (because ) Tj ET Q q 0 0 0 rg BT 338.51 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 347.93 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 362.36 695.45 Td (evolving ) Tj ET Q q 0 0 0 rg BT 397.31 695.45 Td (nature ) Tj ET Q q 0 0 0 rg BT 424.74 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 441.68 695.45 Td (sophistication ) Tj ET Q q 0 0 0 rg BT 498.13 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 507.56 695.45 Td (these ) Tj ET Q q 0 0 0 rg BT 531.50 695.45 Td (security ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 681.95 Td (threats, ) Tj ET Q q 0 0 0 rg BT 105.25 681.95 Td (there ) Tj ET Q q 0 0 0 rg BT 129.00 681.95 Td (can ) Tj ET Q q 0 0 0 rg BT 146.75 681.95 Td (be ) Tj ET Q q 0 0 0 rg BT 160.00 681.95 Td (no ) Tj ET Q q 0 0 0 rg BT 173.24 681.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 218.01 681.95 Td (that ) Tj ET Q q 0 0 0 rg BT 236.25 681.95 Td (our ) Tj ET Q q 0 0 0 rg BT 252.50 681.95 Td (safeguards ) Tj ET Q q 0 0 0 rg BT 300.27 681.95 Td (will ) Tj ET Q q 0 0 0 rg BT 316.00 681.95 Td (detect ) Tj ET Q q 0 0 0 rg BT 343.75 681.95 Td (or ) Tj ET Q q 0 0 0 rg BT 354.99 681.95 Td (prevent ) Tj ET Q q 0 0 0 rg BT 388.25 681.95 Td (the ) Tj ET Q q 0 0 0 rg BT 404.00 681.95 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 451.75 681.95 Td (of ) Tj ET Q q 0 0 0 rg BT 462.50 681.95 Td (material ) Tj ET Q q 0 0 0 rg BT 497.74 681.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 522.99 681.95 Td (breaches, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 668.45 Td (intrusions ) Tj ET Q q 0 0 0 rg BT 113.02 668.45 Td (or ) Tj ET Q q 0 0 0 rg BT 123.52 668.45 Td (attacks.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (W) Tj ET Q q 0 0 0 rg BT 80.33 648.95 Td (e ) Tj ET Q q 0 0 0 rg BT 88.47 648.95 Td (are ) Tj ET Q q 0 0 0 rg BT 104.61 648.95 Td (regularly ) Tj ET Q q 0 0 0 rg BT 142.26 648.95 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 648.95 Td (target ) Tj ET Q q 0 0 0 rg BT 184.06 648.95 Td (of ) Tj ET Q q 0 0 0 rg BT 194.70 648.95 Td (attempted ) Tj ET Q q 0 0 0 rg BT 237.86 648.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 263.00 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 281.15 648.95 Td (other ) Tj ET Q q 0 0 0 rg BT 304.80 648.95 Td (security ) Tj ET Q q 0 0 0 rg BT 338.94 648.95 Td (threats ) Tj ET Q q 0 0 0 rg BT 369.59 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 387.74 648.95 Td (must ) Tj ET Q q 0 0 0 rg BT 410.38 648.95 Td (continuously ) Tj ET Q q 0 0 0 rg BT 463.54 648.95 Td (monitor ) Tj ET Q q 0 0 0 rg BT 496.69 648.95 Td (and ) Tj ET Q q 0 0 0 rg BT 514.84 648.95 Td (develop ) Tj ET Q q 0 0 0 rg BT 549.50 648.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 635.45 Td (information ) Tj ET Q q 0 0 0 rg BT 118.97 635.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 164.95 635.45 Td (networks ) Tj ET Q q 0 0 0 rg BT 203.42 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 220.88 635.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 275.85 635.45 Td (to ) Tj ET Q q 0 0 0 rg BT 285.81 635.45 Td (prevent, ) Tj ET Q q 0 0 0 rg BT 320.78 635.45 Td (detect, ) Tj ET Q q 0 0 0 rg BT 350.25 635.45 Td (address ) Tj ET Q q 0 0 0 rg BT 384.71 635.45 Td (and ) Tj ET Q q 0 0 0 rg BT 402.18 635.45 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 436.14 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.11 635.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.55 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 477.51 635.45 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 532.00 635.45 Td (access, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 621.95 Td (misuse, ) Tj ET Q q 0 0 0 rg BT 106.00 621.95 Td (computer ) Tj ET Q q 0 0 0 rg BT 146.50 621.95 Td (viruses ) Tj ET Q q 0 0 0 rg BT 177.99 621.95 Td (and ) Tj ET Q q 0 0 0 rg BT 196.00 621.95 Td (other ) Tj ET Q q 0 0 0 rg BT 219.50 621.95 Td (events ) Tj ET Q q 0 0 0 rg BT 249.00 621.95 Td (that ) Tj ET Q q 0 0 0 rg BT 267.00 621.95 Td (could ) Tj ET Q q 0 0 0 rg BT 291.51 621.95 Td (have ) Tj ET Q q 0 0 0 rg BT 314.01 621.95 Td (a ) Tj ET Q q 0 0 0 rg BT 322.00 621.95 Td (security ) Tj ET Q q 0 0 0 rg BT 356.00 621.95 Td (impact. ) Tj ET Q q 0 0 0 rg BT 388.00 621.95 Td (If ) Tj ET Q q 0 0 0 rg BT 395.98 621.95 Td (security ) Tj ET Q q 0 0 0 rg BT 429.98 621.95 Td (protection ) Tj ET Q q 0 0 0 rg BT 472.49 621.95 Td (does ) Tj ET Q q 0 0 0 rg BT 495.00 621.95 Td (not ) Tj ET Q q 0 0 0 rg BT 510.50 621.95 Td (evolve ) Tj ET Q q 0 0 0 rg BT 539.50 621.95 Td (at ) Tj ET Q q 0 0 0 rg BT 549.99 621.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 608.45 Td (same ) Tj ET Q q 0 0 0 rg BT 96.78 608.45 Td (pace ) Tj ET Q q 0 0 0 rg BT 119.06 608.45 Td (as ) Tj ET Q q 0 0 0 rg BT 131.34 608.45 Td (threats, ) Tj ET Q q 0 0 0 rg BT 164.13 608.45 Td (a ) Tj ET Q q 0 0 0 rg BT 171.90 608.45 Td (growing ) Tj ET Q q 0 0 0 rg BT 206.19 608.45 Td (gap ) Tj ET Q q 0 0 0 rg BT 223.98 608.45 Td (on ) Tj ET Q q 0 0 0 rg BT 236.76 608.45 Td (our ) Tj ET Q q 0 0 0 rg BT 252.54 608.45 Td (level ) Tj ET Q q 0 0 0 rg BT 273.82 608.45 Td (of ) Tj ET Q q 0 0 0 rg BT 284.09 608.45 Td (protection ) Tj ET Q q 0 0 0 rg BT 326.39 608.45 Td (will ) Tj ET Q q 0 0 0 rg BT 341.66 608.45 Td (be ) Tj ET Q q 0 0 0 rg BT 354.44 608.45 Td (created. ) Tj ET Q q 0 0 0 rg BT 389.55 608.45 Td (T) Tj ET Q q 0 0 0 rg BT 394.05 608.45 Td (echnology ) Tj ET Q q 0 0 0 rg BT 437.85 608.45 Td (evolution ) Tj ET Q q 0 0 0 rg BT 476.65 608.45 Td (and ) Tj ET Q q 0 0 0 rg BT 494.43 608.45 Td (global ) Tj ET Q q 0 0 0 rg BT 521.22 608.45 Td (trends ) Tj ET Q q 0 0 0 rg BT 549.01 608.45 Td (like ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 594.95 Td (digital ) Tj ET Q q 0 0 0 rg BT 97.83 594.95 Td (transformation, ) Tj ET Q q 0 0 0 rg BT 160.17 594.95 Td (cloud ) Tj ET Q q 0 0 0 rg BT 184.01 594.95 Td (and ) Tj ET Q q 0 0 0 rg BT 201.34 594.95 Td (mobile ) Tj ET Q q 0 0 0 rg BT 230.17 594.95 Td (computing ) Tj ET Q q 0 0 0 rg BT 274.01 594.95 Td (amongst ) Tj ET Q q 0 0 0 rg BT 310.85 594.95 Td (others ) Tj ET Q q 0 0 0 rg BT 338.18 594.95 Td (are ) Tj ET Q q 0 0 0 rg BT 353.50 594.95 Td (disrupting ) Tj ET Q q 0 0 0 rg BT 394.85 594.95 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 594.95 Td (security ) Tj ET Q q 0 0 0 rg BT 443.00 594.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 482.85 594.95 Td (model, ) Tj ET Q q 0 0 0 rg BT 512.18 594.95 Td (thus ) Tj ET Q q 0 0 0 rg BT 531.51 594.95 Td (security ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 581.45 Td (should ) Tj ET Q q 0 0 0 rg BT 101.10 581.45 Td (evolve ) Tj ET Q q 0 0 0 rg BT 129.69 581.45 Td (to ) Tj ET Q q 0 0 0 rg BT 139.78 581.45 Td (address ) Tj ET Q q 0 0 0 rg BT 174.37 581.45 Td (new ) Tj ET Q q 0 0 0 rg BT 193.46 581.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 228.06 581.45 Td (security ) Tj ET Q q 0 0 0 rg BT 261.64 581.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 316.74 581.45 Td (and ) Tj ET Q q 0 0 0 rg BT 334.34 581.45 Td (build ) Tj ET Q q 0 0 0 rg BT 355.93 581.45 Td (new ) Tj ET Q q 0 0 0 rg BT 375.02 581.45 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 422.12 581.45 Td (to ) Tj ET Q q 0 0 0 rg BT 432.20 581.45 Td (address ) Tj ET Q q 0 0 0 rg BT 466.80 581.45 Td (the ) Tj ET Q q 0 0 0 rg BT 481.89 581.45 Td (changes. ) Tj ET Q q 0 0 0 rg BT 520.99 581.45 Td (Increasing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 567.95 Td (detection ) Tj ET Q q 0 0 0 rg BT 112.64 567.95 Td (and ) Tj ET Q q 0 0 0 rg BT 131.77 567.95 Td (automated ) Tj ET Q q 0 0 0 rg BT 178.42 567.95 Td (response ) Tj ET Q q 0 0 0 rg BT 219.56 567.95 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 268.20 567.95 Td (are ) Tj ET Q q 0 0 0 rg BT 285.33 567.95 Td (key ) Tj ET Q q 0 0 0 rg BT 303.45 567.95 Td (to ) Tj ET Q q 0 0 0 rg BT 315.07 567.95 Td (improve ) Tj ET Q q 0 0 0 rg BT 351.19 567.95 Td (visibility ) Tj ET Q q 0 0 0 rg BT 386.31 567.95 Td (and ) Tj ET Q q 0 0 0 rg BT 405.44 567.95 Td (contain ) Tj ET Q q 0 0 0 rg BT 438.58 567.95 Td (any ) Tj ET Q q 0 0 0 rg BT 457.21 567.95 Td (negative ) Tj ET Q q 0 0 0 rg BT 495.35 567.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 533.49 567.95 Td (impact. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 554.45 Td (Automating ) Tj ET Q q 0 0 0 rg BT 120.31 554.45 Td (security ) Tj ET Q q 0 0 0 rg BT 154.10 554.45 Td (processes ) Tj ET Q q 0 0 0 rg BT 197.90 554.45 Td (and ) Tj ET Q q 0 0 0 rg BT 215.70 554.45 Td (integrating ) Tj ET Q q 0 0 0 rg BT 260.52 554.45 Td (with ) Tj ET Q q 0 0 0 rg BT 279.31 554.45 Td (IT) Tj ET Q q 0 0 0 rg BT 286.31 554.45 Td (, ) Tj ET Q q 0 0 0 rg BT 291.59 554.45 Td (business ) Tj ET Q q 0 0 0 rg BT 329.90 554.45 Td (and ) Tj ET Q q 0 0 0 rg BT 347.70 554.45 Td (security ) Tj ET Q q 0 0 0 rg BT 381.49 554.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 419.79 554.45 Td (could ) Tj ET Q q 0 0 0 rg BT 444.09 554.45 Td (address ) Tj ET Q q 0 0 0 rg BT 478.89 554.45 Td (shortage ) Tj ET Q q 0 0 0 rg BT 516.70 554.45 Td (of ) Tj ET Q q 0 0 0 rg BT 526.99 554.45 Td (technical ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 540.95 Td (security ) Tj ET Q q 0 0 0 rg BT 105.51 540.95 Td (staf) Tj ET Q q 0 0 0 rg BT 119.85 540.95 Td (f ) Tj ET Q q 0 0 0 rg BT 124.85 540.95 Td (and ) Tj ET Q q 0 0 0 rg BT 142.37 540.95 Td (avoid ) Tj ET Q q 0 0 0 rg BT 166.39 540.95 Td (introducing ) Tj ET Q q 0 0 0 rg BT 212.92 540.95 Td (human ) Tj ET Q q 0 0 0 rg BT 242.93 540.95 Td (intervention ) Tj ET Q q 0 0 0 rg BT 291.96 540.95 Td (and ) Tj ET Q q 0 0 0 rg BT 309.48 540.95 Td (errors.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 521.45 Td (Insider ) Tj ET Q q 0 0 0 rg BT 102.33 521.45 Td (or ) Tj ET Q q 0 0 0 rg BT 113.66 521.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 156.00 521.45 Td (cyber ) Tj ET Q q 0 0 0 rg BT 181.33 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 199.67 521.45 Td (security ) Tj ET Q q 0 0 0 rg BT 234.00 521.45 Td (threats ) Tj ET Q q 0 0 0 rg BT 264.83 521.45 Td (are ) Tj ET Q q 0 0 0 rg BT 281.16 521.45 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 332.00 521.45 Td (a ) Tj ET Q q 0 0 0 rg BT 340.33 521.45 Td (concern ) Tj ET Q q 0 0 0 rg BT 375.67 521.45 Td (for ) Tj ET Q q 0 0 0 rg BT 389.49 521.45 Td (all ) Tj ET Q q 0 0 0 rg BT 401.82 521.45 Td (large ) Tj ET Q q 0 0 0 rg BT 425.15 521.45 Td (companies, ) Tj ET Q q 0 0 0 rg BT 474.50 521.45 Td (including ) Tj ET Q q 0 0 0 rg BT 513.34 521.45 Td (ours. ) Tj ET Q q 0 0 0 rg BT 536.67 521.45 Td (CGI ) Tj ET Q q 0 0 0 rg BT 555.99 521.45 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 507.95 Td (continuously ) Tj ET Q q 0 0 0 rg BT 123.92 507.95 Td (working ) Tj ET Q q 0 0 0 rg BT 156.81 507.95 Td (to ) Tj ET Q q 0 0 0 rg BT 166.20 507.95 Td (install ) Tj ET Q q 0 0 0 rg BT 191.09 507.95 Td (new) Tj ET Q q 0 0 0 rg BT 207.11 507.95 Td (, ) Tj ET Q q 0 0 0 rg BT 211.49 507.95 Td (and ) Tj ET Q q 0 0 0 rg BT 228.39 507.95 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 263.31 507.95 Td (its ) Tj ET Q q 0 0 0 rg BT 274.19 507.95 Td (existing, ) Tj ET Q q 0 0 0 rg BT 309.09 507.95 Td (information ) Tj ET Q q 0 0 0 rg BT 355.49 507.95 Td (technology ) Tj ET Q q 0 0 0 rg BT 400.91 507.95 Td (systems ) Tj ET Q q 0 0 0 rg BT 435.80 507.95 Td (and ) Tj ET Q q 0 0 0 rg BT 452.70 507.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 484.10 507.95 Td (member ) Tj ET Q q 0 0 0 rg BT 518.99 507.95 Td (awareness ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 494.45 Td (training ) Tj ET Q q 0 0 0 rg BT 104.84 494.45 Td (around ) Tj ET Q q 0 0 0 rg BT 136.18 494.45 Td (phishing, ) Tj ET Q q 0 0 0 rg BT 175.53 494.45 Td (malware, ) Tj ET Q q 0 0 0 rg BT 215.36 494.45 Td (and ) Tj ET Q q 0 0 0 rg BT 233.69 494.45 Td (other ) Tj ET Q q 0 0 0 rg BT 257.53 494.45 Td (cyber ) Tj ET Q q 0 0 0 rg BT 282.85 494.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 304.67 494.45 Td (to ) Tj ET Q q 0 0 0 rg BT 315.50 494.45 Td (ensure ) Tj ET Q q 0 0 0 rg BT 346.33 494.45 Td (that ) Tj ET Q q 0 0 0 rg BT 364.67 494.45 Td (the ) Tj ET Q q 0 0 0 rg BT 380.50 494.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 422.34 494.45 Td (is ) Tj ET Q q 0 0 0 rg BT 432.15 494.45 Td (protected, ) Tj ET Q q 0 0 0 rg BT 475.50 494.45 Td (to ) Tj ET Q q 0 0 0 rg BT 486.33 494.45 Td (the ) Tj ET Q q 0 0 0 rg BT 502.16 494.45 Td (greatest ) Tj ET Q q 0 0 0 rg BT 538.00 494.45 Td (extent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 480.95 Td (possible, ) Tj ET Q q 0 0 0 rg BT 110.14 480.95 Td (against ) Tj ET Q q 0 0 0 rg BT 141.77 480.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 166.40 480.95 Td (risks ) Tj ET Q q 0 0 0 rg BT 187.51 480.95 Td (and ) Tj ET Q q 0 0 0 rg BT 205.14 480.95 Td (security ) Tj ET Q q 0 0 0 rg BT 238.76 480.95 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 280.90 480.95 Td (While ) Tj ET Q q 0 0 0 rg BT 306.02 480.95 Td (CGI ) Tj ET Q q 0 0 0 rg BT 324.64 480.95 Td (selects ) Tj ET Q q 0 0 0 rg BT 355.26 480.95 Td (third-party ) Tj ET Q q 0 0 0 rg BT 398.39 480.95 Td (vendors ) Tj ET Q q 0 0 0 rg BT 433.03 480.95 Td (carefully) Tj ET Q q 0 0 0 rg BT 465.87 480.95 Td (, ) Tj ET Q q 0 0 0 rg BT 470.99 480.95 Td (it ) Tj ET Q q 0 0 0 rg BT 478.10 480.95 Td (does ) Tj ET Q q 0 0 0 rg BT 500.23 480.95 Td (not ) Tj ET Q q 0 0 0 rg BT 515.36 480.95 Td (control ) Tj ET Q q 0 0 0 rg BT 544.99 480.95 Td (their ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 467.45 Td (actions. ) Tj ET Q q 0 0 0 rg BT 106.17 467.45 Td (Any ) Tj ET Q q 0 0 0 rg BT 125.62 467.45 Td (problems ) Tj ET Q q 0 0 0 rg BT 166.58 467.45 Td (caused ) Tj ET Q q 0 0 0 rg BT 199.54 467.45 Td (by ) Tj ET Q q 0 0 0 rg BT 212.99 467.45 Td (these ) Tj ET Q q 0 0 0 rg BT 238.94 467.45 Td (third ) Tj ET Q q 0 0 0 rg BT 260.39 467.45 Td (parties, ) Tj ET Q q 0 0 0 rg BT 293.85 467.45 Td (including ) Tj ET Q q 0 0 0 rg BT 333.31 467.45 Td (those ) Tj ET Q q 0 0 0 rg BT 359.27 467.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 397.23 467.45 Td (from ) Tj ET Q q 0 0 0 rg BT 419.17 467.45 Td (breakdowns ) Tj ET Q q 0 0 0 rg BT 471.64 467.45 Td (or ) Tj ET Q q 0 0 0 rg BT 483.58 467.45 Td (other ) Tj ET Q q 0 0 0 rg BT 508.03 467.45 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 555.50 467.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 453.95 Td (communication ) Tj ET Q q 0 0 0 rg BT 135.69 453.95 Td (services ) Tj ET Q q 0 0 0 rg BT 171.86 453.95 Td (provided ) Tj ET Q q 0 0 0 rg BT 209.54 453.95 Td (by ) Tj ET Q q 0 0 0 rg BT 222.21 453.95 Td (a ) Tj ET Q q 0 0 0 rg BT 230.38 453.95 Td (vendor) Tj ET Q q 0 0 0 rg BT 257.40 453.95 Td (, ) Tj ET Q q 0 0 0 rg BT 263.06 453.95 Td (failure ) Tj ET Q q 0 0 0 rg BT 290.74 453.95 Td (of ) Tj ET Q q 0 0 0 rg BT 301.41 453.95 Td (a ) Tj ET Q q 0 0 0 rg BT 309.57 453.95 Td (vendor ) Tj ET Q q 0 0 0 rg BT 340.25 453.95 Td (to ) Tj ET Q q 0 0 0 rg BT 350.92 453.95 Td (handle ) Tj ET Q q 0 0 0 rg BT 381.11 453.95 Td (current ) Tj ET Q q 0 0 0 rg BT 412.28 453.95 Td (or ) Tj ET Q q 0 0 0 rg BT 423.45 453.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 451.63 453.95 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 490.80 453.95 Td (cyber-attacks ) Tj ET Q q 0 0 0 rg BT 547.48 453.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 440.45 Td (security ) Tj ET Q q 0 0 0 rg BT 106.03 440.45 Td (breaches ) Tj ET Q q 0 0 0 rg BT 146.08 440.45 Td (at ) Tj ET Q q 0 0 0 rg BT 156.61 440.45 Td (a ) Tj ET Q q 0 0 0 rg BT 164.63 440.45 Td (vendor ) Tj ET Q q 0 0 0 rg BT 195.18 440.45 Td (could ) Tj ET Q q 0 0 0 rg BT 219.71 440.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 261.26 440.45 Td (af) Tj ET Q q 0 0 0 rg BT 268.60 440.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.13 440.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.66 440.45 Td (our ) Tj ET Q q 0 0 0 rg BT 317.69 440.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 343.73 440.45 Td (to ) Tj ET Q q 0 0 0 rg BT 354.25 440.45 Td (deliver ) Tj ET Q q 0 0 0 rg BT 383.79 440.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 422.33 440.45 Td (and ) Tj ET Q q 0 0 0 rg BT 440.37 440.45 Td (services ) Tj ET Q q 0 0 0 rg BT 476.40 440.45 Td (to ) Tj ET Q q 0 0 0 rg BT 486.93 440.45 Td (our ) Tj ET Q q 0 0 0 rg BT 502.96 440.45 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.50 440.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 426.95 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 113.32 426.95 Td (conduct ) Tj ET Q q 0 0 0 rg BT 147.64 426.95 Td (business. ) Tj ET Q q 0 0 0 rg BT 188.46 426.95 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 243.27 426.95 Td (while ) Tj ET Q q 0 0 0 rg BT 266.58 426.95 Td (our ) Tj ET Q q 0 0 0 rg BT 282.39 426.95 Td (liability ) Tj ET Q q 0 0 0 rg BT 312.20 426.95 Td (insurance ) Tj ET Q q 0 0 0 rg BT 354.02 426.95 Td (policy ) Tj ET Q q 0 0 0 rg BT 379.83 426.95 Td (covers ) Tj ET Q q 0 0 0 rg BT 409.14 426.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 433.95 426.95 Td (risks, ) Tj ET Q q 0 0 0 rg BT 457.74 426.95 Td (there ) Tj ET Q q 0 0 0 rg BT 481.06 426.95 Td (is ) Tj ET Q q 0 0 0 rg BT 490.36 426.95 Td (no ) Tj ET Q q 0 0 0 rg BT 503.17 426.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 547.49 426.95 Td (that ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 413.45 Td (such ) Tj ET Q q 0 0 0 rg BT 93.23 413.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 134.48 413.45 Td (coverage ) Tj ET Q q 0 0 0 rg BT 173.72 413.45 Td (will ) Tj ET Q q 0 0 0 rg BT 188.44 413.45 Td (be ) Tj ET Q q 0 0 0 rg BT 200.68 413.45 Td (suf) Tj ET Q q 0 0 0 rg BT 212.52 413.45 Td (ficient ) Tj ET Q q 0 0 0 rg BT 238.25 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 247.48 413.45 Td (type ) Tj ET Q q 0 0 0 rg BT 266.71 413.45 Td (or ) Tj ET Q q 0 0 0 rg BT 276.94 413.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 309.18 413.45 Td (to ) Tj ET Q q 0 0 0 rg BT 318.91 413.45 Td (cover ) Tj ET Q q 0 0 0 rg BT 343.14 413.45 Td (the ) Tj ET Q q 0 0 0 rg BT 357.87 413.45 Td (costs, ) Tj ET Q q 0 0 0 rg BT 383.60 413.45 Td (damages, ) Tj ET Q q 0 0 0 rg BT 425.35 413.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 461.58 413.45 Td (or ) Tj ET Q q 0 0 0 rg BT 471.81 413.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 499.54 413.45 Td (that ) Tj ET Q q 0 0 0 rg BT 516.77 413.45 Td (could ) Tj ET Q q 0 0 0 rg BT 540.51 413.45 Td (result ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 399.95 Td (from ) Tj ET Q q 0 0 0 rg BT 92.26 399.95 Td (security ) Tj ET Q q 0 0 0 rg BT 125.54 399.95 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 167.32 399.95 Td (cyber-attacks ) Tj ET Q q 0 0 0 rg BT 223.10 399.95 Td (and ) Tj ET Q q 0 0 0 rg BT 240.38 399.95 Td (other ) Tj ET Q q 0 0 0 rg BT 263.16 399.95 Td (related ) Tj ET Q q 0 0 0 rg BT 292.94 399.95 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 334.28 399.95 Td (As ) Tj ET Q q 0 0 0 rg BT 347.05 399.95 Td (the ) Tj ET Q q 0 0 0 rg BT 361.82 399.95 Td (cyber ) Tj ET Q q 0 0 0 rg BT 386.09 399.95 Td (threat ) Tj ET Q q 0 0 0 rg BT 411.37 399.95 Td (landscape ) Tj ET Q q 0 0 0 rg BT 454.67 399.95 Td (evolves, ) Tj ET Q q 0 0 0 rg BT 489.95 399.95 Td (the ) Tj ET Q q 0 0 0 rg BT 504.72 399.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 545.50 399.95 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 386.45 Td (find ) Tj ET Q q 0 0 0 rg BT 90.97 386.45 Td (it ) Tj ET Q q 0 0 0 rg BT 99.93 386.45 Td (necessary ) Tj ET Q q 0 0 0 rg BT 145.40 386.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.37 386.45 Td (make ) Tj ET Q q 0 0 0 rg BT 183.83 386.45 Td (further ) Tj ET Q q 0 0 0 rg BT 214.30 386.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 258.78 386.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 311.26 386.45 Td (to ) Tj ET Q q 0 0 0 rg BT 323.22 386.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 355.19 386.45 Td (data ) Tj ET Q q 0 0 0 rg BT 377.17 386.45 Td (and ) Tj ET Q q 0 0 0 rg BT 396.64 386.45 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 456.12 386.45 Td (Occurrence ) Tj ET Q q 0 0 0 rg BT 507.09 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 519.06 386.45 Td (any ) Tj ET Q q 0 0 0 rg BT 538.03 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 549.99 386.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 372.95 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 136.52 372.95 Td (security ) Tj ET Q q 0 0 0 rg BT 169.50 372.95 Td (threats ) Tj ET Q q 0 0 0 rg BT 198.99 372.95 Td (could ) Tj ET Q q 0 0 0 rg BT 222.48 372.95 Td (expose ) Tj ET Q q 0 0 0 rg BT 253.48 372.95 Td (the ) Tj ET Q q 0 0 0 rg BT 267.97 372.95 Td (Company) Tj ET Q q 0 0 0 rg BT 305.82 372.95 Td (, ) Tj ET Q q 0 0 0 rg BT 310.29 372.95 Td (our ) Tj ET Q q 0 0 0 rg BT 325.28 372.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 352.76 372.95 Td (or ) Tj ET Q q 0 0 0 rg BT 362.74 372.95 Td (other ) Tj ET Q q 0 0 0 rg BT 385.23 372.95 Td (third ) Tj ET Q q 0 0 0 rg BT 404.71 372.95 Td (parties ) Tj ET Q q 0 0 0 rg BT 433.70 372.95 Td (to ) Tj ET Q q 0 0 0 rg BT 443.18 372.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 479.19 372.95 Td (liability) Tj ET Q q 0 0 0 rg BT 505.53 372.95 Td (, ) Tj ET Q q 0 0 0 rg BT 510.00 372.95 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 547.50 372.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 359.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 114.98 359.45 Td (action, ) Tj ET Q q 0 0 0 rg BT 144.46 359.45 Td (as ) Tj ET Q q 0 0 0 rg BT 156.93 359.45 Td (well ) Tj ET Q q 0 0 0 rg BT 175.39 359.45 Td (as ) Tj ET Q q 0 0 0 rg BT 187.86 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 203.33 359.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 222.30 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 232.77 359.45 Td (client ) Tj ET Q q 0 0 0 rg BT 256.74 359.45 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 305.74 359.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 324.70 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 335.17 359.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 368.65 359.45 Td (or ) Tj ET Q q 0 0 0 rg BT 379.61 359.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 416.60 359.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 447.57 359.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 466.54 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 477.01 359.45 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 514.99 359.45 Td (government ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 345.95 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 113.52 345.95 Td (damage ) Tj ET Q q 0 0 0 rg BT 148.54 345.95 Td (to ) Tj ET Q q 0 0 0 rg BT 158.55 345.95 Td (brand ) Tj ET Q q 0 0 0 rg BT 184.06 345.95 Td (and ) Tj ET Q q 0 0 0 rg BT 201.58 345.95 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 246.61 345.95 Td (and ) Tj ET Q q 0 0 0 rg BT 264.13 345.95 Td (other ) Tj ET Q q 0 0 0 rg BT 287.14 345.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.66 345.95 Td (loss.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 325.166796875 m 190.5556640625 325.166796875 l s q 0 0 0 rg BT 72.00 326.45 Td (Risk ) Tj ET Q q 0 0 0 rg BT 92.00 326.45 Td (of ) Tj ET Q q 0 0 0 rg BT 102.01 326.45 Td (harm ) Tj ET Q q 0 0 0 rg BT 125.01 326.45 Td (to ) Tj ET Q q 0 0 0 rg BT 135.02 326.45 Td (our ) Tj ET Q q 0 0 0 rg BT 150.53 326.45 Td (reputation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 306.95 Td (CGI) Tj ET Q q 0 0 0 rg BT 89.84 306.95 Td (s ) Tj ET Q q 0 0 0 rg BT 96.39 306.95 Td (reputation ) Tj ET Q q 0 0 0 rg BT 138.46 306.95 Td (as ) Tj ET Q q 0 0 0 rg BT 150.02 306.95 Td (a ) Tj ET Q q 0 0 0 rg BT 157.07 306.95 Td (capable ) Tj ET Q q 0 0 0 rg BT 190.65 306.95 Td (and ) Tj ET Q q 0 0 0 rg BT 207.71 306.95 Td (trustworthy ) Tj ET Q q 0 0 0 rg BT 253.77 306.95 Td (service ) Tj ET Q q 0 0 0 rg BT 284.33 306.95 Td (provider ) Tj ET Q q 0 0 0 rg BT 318.89 306.95 Td (and ) Tj ET Q q 0 0 0 rg BT 335.96 306.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 376.02 306.95 Td (business ) Tj ET Q q 0 0 0 rg BT 413.59 306.95 Td (partner ) Tj ET Q q 0 0 0 rg BT 444.15 306.95 Td (is ) Tj ET Q q 0 0 0 rg BT 452.70 306.95 Td (key ) Tj ET Q q 0 0 0 rg BT 468.76 306.95 Td (to ) Tj ET Q q 0 0 0 rg BT 478.31 306.95 Td (our ) Tj ET Q q 0 0 0 rg BT 493.37 306.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 518.43 306.95 Td (to ) Tj ET Q q 0 0 0 rg BT 527.98 306.95 Td (compete ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 293.45 Td (ef) Tj ET Q q 0 0 0 rg BT 79.34 293.45 Td (fectively ) Tj ET Q q 0 0 0 rg BT 114.53 293.45 Td (in ) Tj ET Q q 0 0 0 rg BT 124.20 293.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.38 293.45 Td (market ) Tj ET Q q 0 0 0 rg BT 169.56 293.45 Td (for ) Tj ET Q q 0 0 0 rg BT 182.74 293.45 Td (IT) Tj ET Q q 0 0 0 rg BT 190.57 293.45 Td ( ) Tj ET Q q 0 0 0 rg BT 193.24 293.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 231.25 293.45 Td (The ) Tj ET Q q 0 0 0 rg BT 249.43 293.45 Td (nature ) Tj ET Q q 0 0 0 rg BT 277.62 293.45 Td (of ) Tj ET Q q 0 0 0 rg BT 287.79 293.45 Td (our ) Tj ET Q q 0 0 0 rg BT 303.47 293.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 348.17 293.45 Td (exposes ) Tj ET Q q 0 0 0 rg BT 384.37 293.45 Td (us ) Tj ET Q q 0 0 0 rg BT 396.54 293.45 Td (to ) Tj ET Q q 0 0 0 rg BT 406.72 293.45 Td (the ) Tj ET Q q 0 0 0 rg BT 421.90 293.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 458.60 293.45 Td (loss, ) Tj ET Q q 0 0 0 rg BT 479.78 293.45 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 534.49 293.45 Td (access ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 279.95 Td (to, ) Tj ET Q q 0 0 0 rg BT 85.71 279.95 Td (or ) Tj ET Q q 0 0 0 rg BT 97.41 279.95 Td (destruction ) Tj ET Q q 0 0 0 rg BT 145.13 279.95 Td (of ) Tj ET Q q 0 0 0 rg BT 156.34 279.95 Td (our ) Tj ET Q q 0 0 0 rg BT 173.04 279.95 Td (clients) Tj ET Q q 0 0 0 rg BT 200.22 279.95 Td ( ) Tj ET Q q 0 0 0 rg BT 203.92 279.95 Td (information, ) Tj ET Q q 0 0 0 rg BT 254.64 279.95 Td (as ) Tj ET Q q 0 0 0 rg BT 267.84 279.95 Td (well ) Tj ET Q q 0 0 0 rg BT 287.05 279.95 Td (as ) Tj ET Q q 0 0 0 rg BT 300.25 279.95 Td (temporary ) Tj ET Q q 0 0 0 rg BT 344.46 279.95 Td (service ) Tj ET Q q 0 0 0 rg BT 376.67 279.95 Td (interruptions. ) Tj ET Q q 0 0 0 rg BT 432.40 279.95 Td (Depending ) Tj ET Q q 0 0 0 rg BT 479.63 279.95 Td (on ) Tj ET Q q 0 0 0 rg BT 493.34 279.95 Td (the ) Tj ET Q q 0 0 0 rg BT 509.55 279.95 Td (nature ) Tj ET Q q 0 0 0 rg BT 538.77 279.95 Td (of ) Tj ET Q q 0 0 0 rg BT 549.98 279.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 266.45 Td (information ) Tj ET Q q 0 0 0 rg BT 118.43 266.45 Td (or ) Tj ET Q q 0 0 0 rg BT 128.34 266.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 165.76 266.45 Td (such ) Tj ET Q q 0 0 0 rg BT 186.67 266.45 Td (events ) Tj ET Q q 0 0 0 rg BT 215.10 266.45 Td (may ) Tj ET Q q 0 0 0 rg BT 234.01 266.45 Td (have ) Tj ET Q q 0 0 0 rg BT 255.43 266.45 Td (a ) Tj ET Q q 0 0 0 rg BT 262.35 266.45 Td (negative ) Tj ET Q q 0 0 0 rg BT 298.28 266.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.70 266.45 Td (on ) Tj ET Q q 0 0 0 rg BT 338.62 266.45 Td (how ) Tj ET Q q 0 0 0 rg BT 357.04 266.45 Td (the ) Tj ET Q q 0 0 0 rg BT 371.46 266.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.88 266.45 Td (is ) Tj ET Q q 0 0 0 rg BT 420.29 266.45 Td (perceived ) Tj ET Q q 0 0 0 rg BT 461.22 266.45 Td (in ) Tj ET Q q 0 0 0 rg BT 470.13 266.45 Td (the ) Tj ET Q q 0 0 0 rg BT 484.55 266.45 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 537.98 266.45 Td (Under ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 252.95 Td (such ) Tj ET Q q 0 0 0 rg BT 94.14 252.95 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 157.28 252.95 Td (our ) Tj ET Q q 0 0 0 rg BT 173.42 252.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 199.56 252.95 Td (to ) Tj ET Q q 0 0 0 rg BT 210.19 252.95 Td (obtain ) Tj ET Q q 0 0 0 rg BT 237.84 252.95 Td (new ) Tj ET Q q 0 0 0 rg BT 257.48 252.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 286.12 252.95 Td (and ) Tj ET Q q 0 0 0 rg BT 304.26 252.95 Td (retain ) Tj ET Q q 0 0 0 rg BT 329.90 252.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 363.54 252.95 Td (clients ) Tj ET Q q 0 0 0 rg BT 392.18 252.95 Td (could ) Tj ET Q q 0 0 0 rg BT 416.83 252.95 Td (suf) Tj ET Q q 0 0 0 rg BT 428.67 252.95 Td (fer ) Tj ET Q q 0 0 0 rg BT 442.30 252.95 Td (with ) Tj ET Q q 0 0 0 rg BT 461.43 252.95 Td (a ) Tj ET Q q 0 0 0 rg BT 469.57 252.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 506.71 252.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 536.35 252.95 Td (on ) Tj ET Q q 0 0 0 rg BT 549.49 252.95 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 239.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.02 239.45 Td (and ) Tj ET Q q 0 0 0 rg BT 124.54 239.45 Td (net ) Tj ET Q q 0 0 0 rg BT 139.55 239.45 Td (earnings.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 215.66679687500005 m 291.1201171875 215.66679687500005 l s q 0 0 0 rg BT 72.00 216.95 Td (Risks ) Tj ET Q q 0 0 0 rg BT 96.50 216.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 142.03 216.95 Td (with ) Tj ET Q q 0 0 0 rg BT 160.53 216.95 Td (the ) Tj ET Q q 0 0 0 rg BT 175.54 216.95 Td (integration ) Tj ET Q q 0 0 0 rg BT 220.07 216.95 Td (of ) Tj ET Q q 0 0 0 rg BT 230.08 216.95 Td (new ) Tj ET Q q 0 0 0 rg BT 249.09 216.95 Td (operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 197.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.50 197.45 Td (successful ) Tj ET Q q 0 0 0 rg BT 135.52 197.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 180.54 197.45 Td (of ) Tj ET Q q 0 0 0 rg BT 191.04 197.45 Td (new ) Tj ET Q q 0 0 0 rg BT 210.55 197.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.58 197.45 Td (arising ) Tj ET Q q 0 0 0 rg BT 285.08 197.45 Td (from ) Tj ET Q q 0 0 0 rg BT 306.08 197.45 Td (our ) Tj ET Q q 0 0 0 rg BT 322.08 197.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 367.61 197.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 402.62 197.45 Td (or ) Tj ET Q q 0 0 0 rg BT 413.61 197.45 Td (from ) Tj ET Q q 0 0 0 rg BT 434.61 197.45 Td (large ) Tj ET Q q 0 0 0 rg BT 457.62 197.45 Td (managed ) Tj ET Q q 0 0 0 rg BT 498.15 197.45 Td (IT) Tj ET Q q 0 0 0 rg BT 505.98 197.45 Td ( ) Tj ET Q q 0 0 0 rg BT 508.98 197.45 Td (and ) Tj ET Q q 0 0 0 rg BT 526.99 197.45 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 183.95 Td (process ) Tj ET Q q 0 0 0 rg BT 106.25 183.95 Td (services ) Tj ET Q q 0 0 0 rg BT 141.99 183.95 Td (contracts ) Tj ET Q q 0 0 0 rg BT 181.24 183.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 216.49 183.95 Td (that ) Tj ET Q q 0 0 0 rg BT 234.23 183.95 Td (a ) Tj ET Q q 0 0 0 rg BT 241.97 183.95 Td (substantial ) Tj ET Q q 0 0 0 rg BT 287.73 183.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 320.48 183.95 Td (of ) Tj ET Q q 0 0 0 rg BT 330.72 183.95 Td (management ) Tj ET Q q 0 0 0 rg BT 385.99 183.95 Td (time ) Tj ET Q q 0 0 0 rg BT 405.73 183.95 Td (and ) Tj ET Q q 0 0 0 rg BT 423.48 183.95 Td (attention ) Tj ET Q q 0 0 0 rg BT 460.74 183.95 Td (be ) Tj ET Q q 0 0 0 rg BT 473.48 183.95 Td (focused ) Tj ET Q q 0 0 0 rg BT 507.74 183.95 Td (on ) Tj ET Q q 0 0 0 rg BT 520.48 183.95 Td (integration ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 170.45 Td (tasks. ) Tj ET Q q 0 0 0 rg BT 97.47 170.45 Td (Management ) Tj ET Q q 0 0 0 rg BT 151.97 170.45 Td (time ) Tj ET Q q 0 0 0 rg BT 170.93 170.45 Td (that ) Tj ET Q q 0 0 0 rg BT 187.91 170.45 Td (is ) Tj ET Q q 0 0 0 rg BT 196.37 170.45 Td (devoted ) Tj ET Q q 0 0 0 rg BT 230.37 170.45 Td (to ) Tj ET Q q 0 0 0 rg BT 239.84 170.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 283.83 170.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 320.30 170.45 Td (may ) Tj ET Q q 0 0 0 rg BT 339.27 170.45 Td (detract ) Tj ET Q q 0 0 0 rg BT 368.75 170.45 Td (from ) Tj ET Q q 0 0 0 rg BT 388.71 170.45 Td (management) Tj ET Q q 0 0 0 rg BT 443.08 170.45 Td (s ) Tj ET Q q 0 0 0 rg BT 449.55 170.45 Td (normal ) Tj ET Q q 0 0 0 rg BT 479.02 170.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.02 170.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 546.49 170.45 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 156.95 Td (resulting ) Tj ET Q q 0 0 0 rg BT 107.70 156.95 Td (pressure ) Tj ET Q q 0 0 0 rg BT 144.39 156.95 Td (on ) Tj ET Q q 0 0 0 rg BT 156.08 156.95 Td (the ) Tj ET Q q 0 0 0 rg BT 170.28 156.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 208.98 156.95 Td (and ) Tj ET Q q 0 0 0 rg BT 225.68 156.95 Td (earnings ) Tj ET Q q 0 0 0 rg BT 261.88 156.95 Td (from ) Tj ET Q q 0 0 0 rg BT 281.56 156.95 Td (our ) Tj ET Q q 0 0 0 rg BT 296.25 156.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 328.44 156.95 Td (operations. ) Tj ET Q q 0 0 0 rg BT 374.65 156.95 Td (In ) Tj ET Q q 0 0 0 rg BT 383.84 156.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 419.55 156.95 Td (we ) Tj ET Q q 0 0 0 rg BT 432.73 156.95 Td (may ) Tj ET Q q 0 0 0 rg BT 451.42 156.95 Td (face ) Tj ET Q q 0 0 0 rg BT 470.11 156.95 Td (complex ) Tj ET Q q 0 0 0 rg BT 505.30 156.95 Td (and ) Tj ET Q q 0 0 0 rg BT 522.00 156.95 Td (potentially ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 143.45 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 137.12 143.45 Td (challenges ) Tj ET Q q 0 0 0 rg BT 181.75 143.45 Td (in ) Tj ET Q q 0 0 0 rg BT 190.35 143.45 Td (implementing ) Tj ET Q q 0 0 0 rg BT 245.47 143.45 Td (uniform ) Tj ET Q q 0 0 0 rg BT 277.07 143.45 Td (standards, ) Tj ET Q q 0 0 0 rg BT 320.69 143.45 Td (controls, ) Tj ET Q q 0 0 0 rg BT 356.30 143.45 Td (procedures ) Tj ET Q q 0 0 0 rg BT 402.93 143.45 Td (and ) Tj ET Q q 0 0 0 rg BT 419.54 143.45 Td (policies ) Tj ET Q q 0 0 0 rg BT 451.15 143.45 Td (across ) Tj ET Q q 0 0 0 rg BT 479.25 143.45 Td (new ) Tj ET Q q 0 0 0 rg BT 497.36 143.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 540.98 143.45 Td (when ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 129.95 Td (harmonizing ) Tj ET Q q 0 0 0 rg BT 122.57 129.95 Td (their ) Tj ET Q q 0 0 0 rg BT 141.63 129.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 177.68 129.95 Td (with ) Tj ET Q q 0 0 0 rg BT 195.23 129.95 Td (those ) Tj ET Q q 0 0 0 rg BT 218.79 129.95 Td (of ) Tj ET Q q 0 0 0 rg BT 227.85 129.95 Td (our ) Tj ET Q q 0 0 0 rg BT 242.40 129.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 274.46 129.95 Td (business ) Tj ET Q q 0 0 0 rg BT 311.53 129.95 Td (units. ) Tj ET Q q 0 0 0 rg BT 334.59 129.95 Td (Integration ) Tj ET Q q 0 0 0 rg BT 378.66 129.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 414.72 129.95 Td (can ) Tj ET Q q 0 0 0 rg BT 430.77 129.95 Td (result ) Tj ET Q q 0 0 0 rg BT 454.33 129.95 Td (in ) Tj ET Q q 0 0 0 rg BT 462.88 129.95 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 517.97 129.95 Td (operational ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 116.45 Td (problems, ) Tj ET Q q 0 0 0 rg BT 113.40 116.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 153.81 116.45 Td (and ) Tj ET Q q 0 0 0 rg BT 170.71 116.45 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 209.11 116.45 Td (If ) Tj ET Q q 0 0 0 rg BT 215.99 116.45 Td (we ) Tj ET Q q 0 0 0 rg BT 229.38 116.45 Td (are ) Tj ET Q q 0 0 0 rg BT 244.27 116.45 Td (not ) Tj ET Q q 0 0 0 rg BT 258.67 116.45 Td (successful ) Tj ET Q q 0 0 0 rg BT 302.57 116.45 Td (in ) Tj ET Q q 0 0 0 rg BT 311.46 116.45 Td (executing ) Tj ET Q q 0 0 0 rg BT 351.87 116.45 Td (our ) Tj ET Q q 0 0 0 rg BT 366.76 116.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 410.67 116.45 Td (strategies ) Tj ET Q q 0 0 0 rg BT 451.57 116.45 Td (in ) Tj ET Q q 0 0 0 rg BT 460.46 116.45 Td (a ) Tj ET Q q 0 0 0 rg BT 467.35 116.45 Td (timely ) Tj ET Q q 0 0 0 rg BT 492.74 116.45 Td (and ) Tj ET Q q 0 0 0 rg BT 509.64 116.45 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 536.48 116.45 Td (fective ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 102.95 Td (manner) Tj ET Q q 0 0 0 rg BT 102.02 102.95 Td (, ) Tj ET Q q 0 0 0 rg BT 107.02 102.95 Td (we ) Tj ET Q q 0 0 0 rg BT 121.03 102.95 Td (will ) Tj ET Q q 0 0 0 rg BT 136.02 102.95 Td (have ) Tj ET Q q 0 0 0 rg BT 158.04 102.95 Td (dif) Tj ET Q q 0 0 0 rg BT 167.38 102.95 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 192.89 102.95 Td (achieving ) Tj ET Q q 0 0 0 rg BT 233.42 102.95 Td (our ) Tj ET Q q 0 0 0 rg BT 248.92 102.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 278.44 102.95 Td (and ) Tj ET Q q 0 0 0 rg BT 295.95 102.95 Td (profitability ) Tj ET Q q 0 0 0 rg BT 341.47 102.95 Td (objectives.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 79.16679687500005 m 157.02978515625 79.16679687500005 l s q 0 0 0 rg BT 72.00 80.45 Td (Internal ) Tj ET Q q 0 0 0 rg BT 104.52 80.45 Td (controls ) Tj ET Q q 0 0 0 rg BT 138.53 80.45 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 60.95 Td (Due ) Tj ET Q q 0 0 0 rg BT 90.50 60.95 Td (to ) Tj ET Q q 0 0 0 rg BT 99.99 60.95 Td (the ) Tj ET Q q 0 0 0 rg BT 114.49 60.95 Td (inherent ) Tj ET Q q 0 0 0 rg BT 149.00 60.95 Td (limitations ) Tj ET Q q 0 0 0 rg BT 191.00 60.95 Td (of ) Tj ET Q q 0 0 0 rg BT 200.50 60.95 Td (internal ) Tj ET Q q 0 0 0 rg BT 232.00 60.95 Td (controls ) Tj ET Q q 0 0 0 rg BT 265.50 60.95 Td (including ) Tj ET Q q 0 0 0 rg BT 303.02 60.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.52 60.95 Td (circumvention ) Tj ET Q q 0 0 0 rg BT 375.02 60.95 Td (or ) Tj ET Q q 0 0 0 rg BT 385.01 60.95 Td (overriding ) Tj ET Q q 0 0 0 rg BT 426.52 60.95 Td (of ) Tj ET Q q 0 0 0 rg BT 436.02 60.95 Td (controls, ) Tj ET Q q 0 0 0 rg BT 472.02 60.95 Td (or ) Tj ET Q q 0 0 0 rg BT 482.01 60.95 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 507.01 60.95 Td (there ) Tj ET Q q 0 0 0 rg BT 529.51 60.95 Td (can ) Tj ET Q q 0 0 0 rg BT 546.01 60.95 Td (only ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 47.45 Td (be ) Tj ET Q q 0 0 0 rg BT 85.27 47.45 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 133.06 47.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 177.85 47.45 Td (that ) Tj ET Q q 0 0 0 rg BT 196.12 47.45 Td (the ) Tj ET Q q 0 0 0 rg BT 211.89 47.45 Td (Company) Tj ET Q q 0 0 0 rg BT 252.25 47.45 Td (s ) Tj ET Q q 0 0 0 rg BT 260.01 47.45 Td (internal ) Tj ET Q q 0 0 0 rg BT 292.78 47.45 Td (controls ) Tj ET Q q 0 0 0 rg BT 327.56 47.45 Td (will ) Tj ET Q q 0 0 0 rg BT 343.31 47.45 Td (detect ) Tj ET Q q 0 0 0 rg BT 371.09 47.45 Td (and ) Tj ET Q q 0 0 0 rg BT 389.37 47.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 422.65 47.45 Td (a ) Tj ET Q q 0 0 0 rg BT 430.91 47.45 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 490.19 47.45 Td (If ) Tj ET Q q 0 0 0 rg BT 498.45 47.45 Td (the ) Tj ET Q q 0 0 0 rg BT 514.22 47.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 556.00 47.45 Td (is ) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 33.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.75 22.10 Td (CGI Inc. - Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 179.31 22.10 Td (Analysis for the year ended September 30, 2020) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.40 22.10 Td (Page) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.95 22.10 Td (66) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 708.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 101.39 708.95 Td (to ) Tj ET Q q 0 0 0 rg BT 111.25 708.95 Td (design, ) Tj ET Q q 0 0 0 rg BT 142.64 708.95 Td (implement, ) Tj ET Q q 0 0 0 rg BT 189.01 708.95 Td (monitor ) Tj ET Q q 0 0 0 rg BT 221.39 708.95 Td (and ) Tj ET Q q 0 0 0 rg BT 238.76 708.95 Td (maintain ) Tj ET Q q 0 0 0 rg BT 275.14 708.95 Td (ef) Tj ET Q q 0 0 0 rg BT 282.49 708.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.86 708.95 Td (internal ) Tj ET Q q 0 0 0 rg BT 342.74 708.95 Td (controls ) Tj ET Q q 0 0 0 rg BT 376.61 708.95 Td (throughout ) Tj ET Q q 0 0 0 rg BT 422.01 708.95 Td (its ) Tj ET Q q 0 0 0 rg BT 433.37 708.95 Td (dif) Tj ET Q q 0 0 0 rg BT 442.71 708.95 Td (ferent ) Tj ET Q q 0 0 0 rg BT 468.09 708.95 Td (business ) Tj ET Q q 0 0 0 rg BT 505.97 708.95 Td (environments, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.55 695.45 Td (ef) Tj ET Q q 0 0 0 rg BT 93.89 695.45 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 125.94 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 135.48 695.45 Td (our ) Tj ET Q q 0 0 0 rg BT 150.52 695.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.59 695.45 Td (might ) Tj ET Q q 0 0 0 rg BT 218.64 695.45 Td (suf) Tj ET Q q 0 0 0 rg BT 230.48 695.45 Td (fer) Tj ET Q q 0 0 0 rg BT 240.48 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 245.02 695.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 281.08 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 290.12 695.45 Td (a ) Tj ET Q q 0 0 0 rg BT 297.16 695.45 Td (decline ) Tj ET Q q 0 0 0 rg BT 327.72 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 336.76 695.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 371.32 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 388.37 695.45 Td (profitability) Tj ET Q q 0 0 0 rg BT 430.72 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 435.26 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 452.31 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 466.86 695.45 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 504.91 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 514.45 695.45 Td (our ) Tj ET Q q 0 0 0 rg BT 529.50 695.45 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 681.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 110.02 681.95 Td (could ) Tj ET Q q 0 0 0 rg BT 134.04 681.95 Td (be ) Tj ET Q q 0 0 0 rg BT 146.55 681.95 Td (impaired.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 661.166796875 m 175.5615234375 661.166796875 l s q 0 0 0 rg BT 72.00 662.45 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 107.52 662.45 Td (and ) Tj ET Q q 0 0 0 rg BT 125.04 662.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 157.06 662.45 Td (risks) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 642.95 Td (The ) Tj ET Q q 0 0 0 rg BT 89.69 642.95 Td (Company) Tj ET Q q 0 0 0 rg BT 130.04 642.95 Td (s ) Tj ET Q q 0 0 0 rg BT 136.72 642.95 Td (future ) Tj ET Q q 0 0 0 rg BT 161.91 642.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 191.10 642.95 Td (is ) Tj ET Q q 0 0 0 rg BT 199.78 642.95 Td (contingent ) Tj ET Q q 0 0 0 rg BT 243.49 642.95 Td (on ) Tj ET Q q 0 0 0 rg BT 255.68 642.95 Td (the ) Tj ET Q q 0 0 0 rg BT 270.37 642.95 Td (execution ) Tj ET Q q 0 0 0 rg BT 311.08 642.95 Td (of ) Tj ET Q q 0 0 0 rg BT 320.76 642.95 Td (its ) Tj ET Q q 0 0 0 rg BT 331.94 642.95 Td (business ) Tj ET Q q 0 0 0 rg BT 369.64 642.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 400.98 642.95 Td (, ) Tj ET Q q 0 0 0 rg BT 405.66 642.95 Td (which, ) Tj ET Q q 0 0 0 rg BT 433.35 642.95 Td (in ) Tj ET Q q 0 0 0 rg BT 442.53 642.95 Td (turn, ) Tj ET Q q 0 0 0 rg BT 462.72 642.95 Td (is ) Tj ET Q q 0 0 0 rg BT 471.40 642.95 Td (dependent ) Tj ET Q q 0 0 0 rg BT 516.12 642.95 Td (on ) Tj ET Q q 0 0 0 rg BT 528.31 642.95 Td (its ) Tj ET Q q 0 0 0 rg BT 539.49 642.95 Td (ability ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 629.45 Td (to ) Tj ET Q q 0 0 0 rg BT 81.39 629.45 Td (grow ) Tj ET Q q 0 0 0 rg BT 102.79 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.18 629.45 Td (business ) Tj ET Q q 0 0 0 rg BT 154.59 629.45 Td (organically ) Tj ET Q q 0 0 0 rg BT 199.50 629.45 Td (as ) Tj ET Q q 0 0 0 rg BT 210.89 629.45 Td (well ) Tj ET Q q 0 0 0 rg BT 228.28 629.45 Td (as ) Tj ET Q q 0 0 0 rg BT 239.67 629.45 Td (through ) Tj ET Q q 0 0 0 rg BT 272.08 629.45 Td (business ) Tj ET Q q 0 0 0 rg BT 309.49 629.45 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 360.90 629.45 Td (In ) Tj ET Q q 0 0 0 rg BT 370.29 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 384.69 629.45 Td (event ) Tj ET Q q 0 0 0 rg BT 408.60 629.45 Td (we ) Tj ET Q q 0 0 0 rg BT 421.99 629.45 Td (would ) Tj ET Q q 0 0 0 rg BT 447.39 629.45 Td (need ) Tj ET Q q 0 0 0 rg BT 469.30 629.45 Td (to ) Tj ET Q q 0 0 0 rg BT 478.69 629.45 Td (raise ) Tj ET Q q 0 0 0 rg BT 500.08 629.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 540.50 629.45 Td (funds ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 615.95 Td (through ) Tj ET Q q 0 0 0 rg BT 107.01 615.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 135.50 615.95 Td (or ) Tj ET Q q 0 0 0 rg BT 147.99 615.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 169.99 615.95 Td (financing ) Tj ET Q q 0 0 0 rg BT 210.49 615.95 Td (to ) Tj ET Q q 0 0 0 rg BT 222.48 615.95 Td (fund ) Tj ET Q q 0 0 0 rg BT 244.48 615.95 Td (any ) Tj ET Q q 0 0 0 rg BT 263.47 615.95 Td (currently ) Tj ET Q q 0 0 0 rg BT 302.46 615.95 Td (unidentified ) Tj ET Q q 0 0 0 rg BT 352.98 615.95 Td (or ) Tj ET Q q 0 0 0 rg BT 365.46 615.95 Td (unplanned ) Tj ET Q q 0 0 0 rg BT 411.99 615.95 Td (future ) Tj ET Q q 0 0 0 rg BT 439.48 615.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 490.99 615.95 Td (and ) Tj ET Q q 0 0 0 rg BT 510.49 615.95 Td (other ) Tj ET Q q 0 0 0 rg BT 535.48 615.95 Td (growth ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 602.45 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 128.27 602.45 Td (there ) Tj ET Q q 0 0 0 rg BT 151.02 602.45 Td (can ) Tj ET Q q 0 0 0 rg BT 167.77 602.45 Td (be ) Tj ET Q q 0 0 0 rg BT 180.01 602.45 Td (no ) Tj ET Q q 0 0 0 rg BT 192.26 602.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 236.02 602.45 Td (that ) Tj ET Q q 0 0 0 rg BT 253.26 602.45 Td (such ) Tj ET Q q 0 0 0 rg BT 274.51 602.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 312.77 602.45 Td (will ) Tj ET Q q 0 0 0 rg BT 327.51 602.45 Td (be ) Tj ET Q q 0 0 0 rg BT 339.75 602.45 Td (available ) Tj ET Q q 0 0 0 rg BT 377.51 602.45 Td (in ) Tj ET Q q 0 0 0 rg BT 386.75 602.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 423.51 602.45 Td (and ) Tj ET Q q 0 0 0 rg BT 440.76 602.45 Td (on ) Tj ET Q q 0 0 0 rg BT 453.00 602.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 477.74 602.45 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 523.51 602.45 Td (to ) Tj ET Q q 0 0 0 rg BT 533.25 602.45 Td (us. ) Tj ET Q q 0 0 0 rg BT 547.49 602.45 Td (Our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 588.95 Td (ability ) Tj ET Q q 0 0 0 rg BT 97.70 588.95 Td (to ) Tj ET Q q 0 0 0 rg BT 107.89 588.95 Td (raise ) Tj ET Q q 0 0 0 rg BT 130.08 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 145.28 588.95 Td (required ) Tj ET Q q 0 0 0 rg BT 180.98 588.95 Td (funding ) Tj ET Q q 0 0 0 rg BT 213.20 588.95 Td (depends ) Tj ET Q q 0 0 0 rg BT 250.42 588.95 Td (on ) Tj ET Q q 0 0 0 rg BT 263.11 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 278.31 588.95 Td (capacity ) Tj ET Q q 0 0 0 rg BT 314.01 588.95 Td (of ) Tj ET Q q 0 0 0 rg BT 324.20 588.95 Td (the ) Tj ET Q q 0 0 0 rg BT 339.40 588.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 368.10 588.95 Td (markets ) Tj ET Q q 0 0 0 rg BT 402.79 588.95 Td (to ) Tj ET Q q 0 0 0 rg BT 412.99 588.95 Td (meet ) Tj ET Q q 0 0 0 rg BT 435.68 588.95 Td (our ) Tj ET Q q 0 0 0 rg BT 451.37 588.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 478.08 588.95 Td (and/or ) Tj ET Q q 0 0 0 rg BT 506.28 588.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 526.48 588.95 Td (financing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 575.45 Td (needs ) Tj ET Q q 0 0 0 rg BT 99.80 575.45 Td (in ) Tj ET Q q 0 0 0 rg BT 110.09 575.45 Td (a ) Tj ET Q q 0 0 0 rg BT 118.38 575.45 Td (timely ) Tj ET Q q 0 0 0 rg BT 145.17 575.45 Td (fashion ) Tj ET Q q 0 0 0 rg BT 177.47 575.45 Td (and ) Tj ET Q q 0 0 0 rg BT 195.77 575.45 Td (on ) Tj ET Q q 0 0 0 rg BT 209.06 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 224.86 575.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 249.15 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 259.94 575.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 292.74 575.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 316.03 575.45 Td (and/or ) Tj ET Q q 0 0 0 rg BT 344.83 575.45 Td (share ) Tj ET Q q 0 0 0 rg BT 370.63 575.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 397.92 575.45 Td (that ) Tj ET Q q 0 0 0 rg BT 416.21 575.45 Td (are ) Tj ET Q q 0 0 0 rg BT 432.50 575.45 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 480.32 575.45 Td (in ) Tj ET Q q 0 0 0 rg BT 490.61 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 506.40 575.45 Td (context ) Tj ET Q q 0 0 0 rg BT 538.71 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 549.49 575.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 561.95 Td (commercial ) Tj ET Q q 0 0 0 rg BT 120.55 561.95 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 165.61 561.95 Td (Increasing ) Tj ET Q q 0 0 0 rg BT 209.68 561.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 241.74 561.95 Td (rates, ) Tj ET Q q 0 0 0 rg BT 266.79 561.95 Td (volatility ) Tj ET Q q 0 0 0 rg BT 301.34 561.95 Td (in ) Tj ET Q q 0 0 0 rg BT 310.89 561.95 Td (our ) Tj ET Q q 0 0 0 rg BT 326.44 561.95 Td (share ) Tj ET Q q 0 0 0 rg BT 351.50 561.95 Td (price, ) Tj ET Q q 0 0 0 rg BT 376.05 561.95 Td (and ) Tj ET Q q 0 0 0 rg BT 393.61 561.95 Td (the ) Tj ET Q q 0 0 0 rg BT 408.67 561.95 Td (capacity ) Tj ET Q q 0 0 0 rg BT 444.23 561.95 Td (of ) Tj ET Q q 0 0 0 rg BT 454.28 561.95 Td (our ) Tj ET Q q 0 0 0 rg BT 469.83 561.95 Td (current ) Tj ET Q q 0 0 0 rg BT 500.38 561.95 Td (lenders ) Tj ET Q q 0 0 0 rg BT 532.44 561.95 Td (to ) Tj ET Q q 0 0 0 rg BT 542.49 561.95 Td (meet ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 548.45 Td (our ) Tj ET Q q 0 0 0 rg BT 88.25 548.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.03 548.45 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 163.29 548.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 219.06 548.45 Td (are ) Tj ET Q q 0 0 0 rg BT 235.32 548.45 Td (all ) Tj ET Q q 0 0 0 rg BT 247.57 548.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 277.82 548.45 Td (that ) Tj ET Q q 0 0 0 rg BT 296.08 548.45 Td (may ) Tj ET Q q 0 0 0 rg BT 316.33 548.45 Td (have ) Tj ET Q q 0 0 0 rg BT 339.09 548.45 Td (a ) Tj ET Q q 0 0 0 rg BT 347.35 548.45 Td (material ) Tj ET Q q 0 0 0 rg BT 382.60 548.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 417.87 548.45 Td (ef) Tj ET Q q 0 0 0 rg BT 425.21 548.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 442.96 548.45 Td (on ) Tj ET Q q 0 0 0 rg BT 456.22 548.45 Td (any ) Tj ET Q q 0 0 0 rg BT 473.98 548.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 524.25 548.45 Td (or ) Tj ET Q q 0 0 0 rg BT 535.50 548.45 Td (growth ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 534.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 109.22 534.95 Td (that ) Tj ET Q q 0 0 0 rg BT 126.95 534.95 Td (we ) Tj ET Q q 0 0 0 rg BT 141.17 534.95 Td (may) Tj ET Q q 0 0 0 rg BT 157.50 534.95 Td (, ) Tj ET Q q 0 0 0 rg BT 162.71 534.95 Td (in ) Tj ET Q q 0 0 0 rg BT 172.43 534.95 Td (the ) Tj ET Q q 0 0 0 rg BT 187.66 534.95 Td (future, ) Tj ET Q q 0 0 0 rg BT 215.88 534.95 Td (identify ) Tj ET Q q 0 0 0 rg BT 247.11 534.95 Td (or ) Tj ET Q q 0 0 0 rg BT 257.83 534.95 Td (plan. ) Tj ET Q q 0 0 0 rg BT 280.06 534.95 Td (If ) Tj ET Q q 0 0 0 rg BT 287.77 534.95 Td (we ) Tj ET Q q 0 0 0 rg BT 301.99 534.95 Td (are ) Tj ET Q q 0 0 0 rg BT 317.71 534.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 347.45 534.95 Td (to ) Tj ET Q q 0 0 0 rg BT 357.67 534.95 Td (obtain ) Tj ET Q q 0 0 0 rg BT 384.90 534.95 Td (the ) Tj ET Q q 0 0 0 rg BT 400.13 534.95 Td (necessary ) Tj ET Q q 0 0 0 rg BT 443.86 534.95 Td (funding, ) Tj ET Q q 0 0 0 rg BT 478.60 534.95 Td (we ) Tj ET Q q 0 0 0 rg BT 492.81 534.95 Td (may ) Tj ET Q q 0 0 0 rg BT 512.53 534.95 Td (be ) Tj ET Q q 0 0 0 rg BT 525.25 534.95 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.99 534.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 521.45 Td (achieve ) Tj ET Q q 0 0 0 rg BT 105.52 521.45 Td (our ) Tj ET Q q 0 0 0 rg BT 121.03 521.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 150.54 521.45 Td (objectives.) Tj ET Q BT /F4 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 500.666796875 m 160.54541015625 500.666796875 l s q 0 0 0 rg BT 72.00 501.95 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 105.02 501.95 Td (exchange ) Tj ET Q q 0 0 0 rg BT 146.55 501.95 Td (risk) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 482.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.93 482.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 125.86 482.45 Td (of ) Tj ET Q q 0 0 0 rg BT 136.79 482.45 Td (our ) Tj ET Q q 0 0 0 rg BT 153.23 482.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.17 482.45 Td (and ) Tj ET Q q 0 0 0 rg BT 207.62 482.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.05 482.45 Td (are ) Tj ET Q q 0 0 0 rg BT 248.48 482.45 Td (denominated ) Tj ET Q q 0 0 0 rg BT 303.94 482.45 Td (in ) Tj ET Q q 0 0 0 rg BT 314.37 482.45 Td (currencies ) Tj ET Q q 0 0 0 rg BT 359.31 482.45 Td (other ) Tj ET Q q 0 0 0 rg BT 383.25 482.45 Td (than ) Tj ET Q q 0 0 0 rg BT 404.19 482.45 Td (the ) Tj ET Q q 0 0 0 rg BT 420.13 482.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 462.08 482.45 Td (dollar) Tj ET Q q 0 0 0 rg BT 483.60 482.45 Td (. ) Tj ET Q q 0 0 0 rg BT 489.53 482.45 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 523.47 482.45 Td (exchange ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 468.95 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 120.02 468.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 149.03 468.95 Td (the ) Tj ET Q q 0 0 0 rg BT 164.04 468.95 Td (results ) Tj ET Q q 0 0 0 rg BT 193.04 468.95 Td (of ) Tj ET Q q 0 0 0 rg BT 203.04 468.95 Td (our ) Tj ET Q q 0 0 0 rg BT 218.55 468.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 263.07 468.95 Td (as ) Tj ET Q q 0 0 0 rg BT 275.08 468.95 Td (they ) Tj ET Q q 0 0 0 rg BT 294.58 468.95 Td (are ) Tj ET Q q 0 0 0 rg BT 310.09 468.95 Td (reported ) Tj ET Q q 0 0 0 rg BT 346.11 468.95 Td (in ) Tj ET Q q 0 0 0 rg BT 355.61 468.95 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 396.63 468.95 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 427.98 468.95 Td (This ) Tj ET Q q 0 0 0 rg BT 447.48 468.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 463.97 468.95 Td (is ) Tj ET Q q 0 0 0 rg BT 472.97 468.95 Td (partially ) Tj ET Q q 0 0 0 rg BT 506.48 468.95 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 545.49 468.95 Td (by ) Tj ET Q q 0 0 0 rg BT 557.50 468.95 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 455.45 Td (natural ) Tj ET Q q 0 0 0 rg BT 102.35 455.45 Td (hedge ) Tj ET Q q 0 0 0 rg BT 130.20 455.45 Td (in ) Tj ET Q q 0 0 0 rg BT 140.03 455.45 Td (matching ) Tj ET Q q 0 0 0 rg BT 179.38 455.45 Td (our ) Tj ET Q q 0 0 0 rg BT 195.21 455.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.05 455.45 Td (with ) Tj ET Q q 0 0 0 rg BT 237.88 455.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.23 455.45 Td (denominated ) Tj ET Q q 0 0 0 rg BT 328.10 455.45 Td (in ) Tj ET Q q 0 0 0 rg BT 337.93 455.45 Td (the ) Tj ET Q q 0 0 0 rg BT 353.27 455.45 Td (same ) Tj ET Q q 0 0 0 rg BT 378.11 455.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 415.44 455.45 Td (and ) Tj ET Q q 0 0 0 rg BT 433.29 455.45 Td (through ) Tj ET Q q 0 0 0 rg BT 466.64 455.45 Td (the ) Tj ET Q q 0 0 0 rg BT 481.98 455.45 Td (use ) Tj ET Q q 0 0 0 rg BT 499.32 455.45 Td (of ) Tj ET Q q 0 0 0 rg BT 509.65 455.45 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 555.50 455.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 441.95 Td (our ) Tj ET Q q 0 0 0 rg BT 87.81 441.95 Td (global ) Tj ET Q q 0 0 0 rg BT 114.63 441.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 149.46 441.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 180.80 441.95 Td (. ) Tj ET Q q 0 0 0 rg BT 186.10 441.95 Td (However) Tj ET Q q 0 0 0 rg BT 221.12 441.95 Td (, ) Tj ET Q q 0 0 0 rg BT 226.41 441.95 Td (as ) Tj ET Q q 0 0 0 rg BT 238.72 441.95 Td (we ) Tj ET Q q 0 0 0 rg BT 253.02 441.95 Td (continue ) Tj ET Q q 0 0 0 rg BT 289.85 441.95 Td (our ) Tj ET Q q 0 0 0 rg BT 305.65 441.95 Td (global ) Tj ET Q q 0 0 0 rg BT 332.47 441.95 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 378.80 441.95 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.12 441.95 Td (hedges ) Tj ET Q q 0 0 0 rg BT 441.44 441.95 Td (may ) Tj ET Q q 0 0 0 rg BT 461.25 441.95 Td (begin ) Tj ET Q q 0 0 0 rg BT 486.06 441.95 Td (to ) Tj ET Q q 0 0 0 rg BT 496.37 441.95 Td (diminish ) Tj ET Q q 0 0 0 rg BT 532.18 441.95 Td (and ) Tj ET Q q 0 0 0 rg BT 549.99 441.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 428.45 Td (use ) Tj ET Q q 0 0 0 rg BT 89.89 428.45 Td (of ) Tj ET Q q 0 0 0 rg BT 100.78 428.45 Td (hedging ) Tj ET Q q 0 0 0 rg BT 136.19 428.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 176.09 428.45 Td (exposes ) Tj ET Q q 0 0 0 rg BT 212.99 428.45 Td (us ) Tj ET Q q 0 0 0 rg BT 225.87 428.45 Td (to ) Tj ET Q q 0 0 0 rg BT 236.76 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 252.65 428.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 270.03 428.45 Td (that ) Tj ET Q q 0 0 0 rg BT 288.42 428.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.82 428.45 Td (institutions ) Tj ET Q q 0 0 0 rg BT 370.73 428.45 Td (could ) Tj ET Q q 0 0 0 rg BT 395.62 428.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 410.51 428.45 Td (to ) Tj ET Q q 0 0 0 rg BT 421.40 428.45 Td (perform ) Tj ET Q q 0 0 0 rg BT 455.78 428.45 Td (their ) Tj ET Q q 0 0 0 rg BT 476.67 428.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 523.09 428.45 Td (under ) Tj ET Q q 0 0 0 rg BT 549.48 428.45 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 414.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 107.24 414.95 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 159.47 414.95 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 214.70 414.95 Td (there ) Tj ET Q q 0 0 0 rg BT 238.43 414.95 Td (can ) Tj ET Q q 0 0 0 rg BT 256.15 414.95 Td (be ) Tj ET Q q 0 0 0 rg BT 269.37 414.95 Td (no ) Tj ET Q q 0 0 0 rg BT 282.59 414.95 Td (assurance ) Tj ET Q q 0 0 0 rg BT 327.33 414.95 Td (that ) Tj ET Q q 0 0 0 rg BT 345.56 414.95 Td (our ) Tj ET Q q 0 0 0 rg BT 361.78 414.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 397.02 414.95 Td (strategy ) Tj ET Q q 0 0 0 rg BT 432.25 414.95 Td (and ) Tj ET Q q 0 0 0 rg BT 450.47 414.95 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 509.22 414.95 Td (will ) Tj ET Q q 0 0 0 rg BT 524.93 414.95 Td (of) Tj ET Q q 0 0 0 rg BT 532.27 414.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 549.99 414.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 401.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.16 401.45 Td (of ) Tj ET Q q 0 0 0 rg BT 111.32 401.45 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 159.50 401.45 Td (in ) Tj ET Q q 0 0 0 rg BT 169.15 401.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 206.32 401.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 248.00 401.45 Td (rates, ) Tj ET Q q 0 0 0 rg BT 273.16 401.45 Td (which ) Tj ET Q q 0 0 0 rg BT 298.82 401.45 Td (could ) Tj ET Q q 0 0 0 rg BT 322.99 401.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 364.15 401.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 405.32 401.45 Td (af) Tj ET Q q 0 0 0 rg BT 412.66 401.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.82 401.45 Td (our ) Tj ET Q q 0 0 0 rg BT 445.48 401.45 Td (business ) Tj ET Q q 0 0 0 rg BT 483.65 401.45 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 525.83 401.45 Td (results ) Tj ET Q q 0 0 0 rg BT 554.99 401.45 Td (of ) Tj ET Q BT 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0 0 0 rg BT 72.00 374.45 Td (do ) Tj ET Q q 0 0 0 rg BT 84.51 374.45 Td (not ) Tj ET Q q 0 0 0 rg BT 99.52 374.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 122.54 374.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 163.56 374.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.08 374.45 Td (instruments.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 354.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.18 354.95 Td (functional ) Tj ET Q q 0 0 0 rg BT 129.89 354.95 Td (and ) Tj ET Q q 0 0 0 rg BT 147.09 354.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 184.79 354.95 Td (currency ) Tj ET Q q 0 0 0 rg BT 221.49 354.95 Td (is ) Tj ET Q q 0 0 0 rg BT 230.17 354.95 Td (the ) Tj ET Q q 0 0 0 rg BT 244.86 354.95 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 285.57 354.95 Td (dollar) Tj ET Q q 0 0 0 rg BT 307.09 354.95 Td (. ) Tj ET Q q 0 0 0 rg BT 311.34 354.95 Td (As ) Tj ET Q q 0 0 0 rg BT 324.02 354.95 Td (such, ) Tj ET Q q 0 0 0 rg BT 347.71 354.95 Td (our ) Tj ET Q q 0 0 0 rg BT 362.90 354.95 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 385.09 354.95 Td (European ) Tj ET Q q 0 0 0 rg BT 426.30 354.95 Td (and ) Tj ET Q q 0 0 0 rg BT 443.07 354.95 Td (Asian ) Tj ET Q q 0 0 0 rg BT 467.76 354.95 Td (investments, ) Tj ET Q q 0 0 0 rg BT 520.46 354.95 Td (operations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.43 341.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.85 341.45 Td (are ) Tj ET Q q 0 0 0 rg BT 133.28 341.45 Td (exposed ) Tj ET Q q 0 0 0 rg BT 169.72 341.45 Td (to ) Tj ET Q q 0 0 0 rg BT 179.64 341.45 Td (net ) Tj ET Q q 0 0 0 rg BT 194.56 341.45 Td (change ) Tj ET Q q 0 0 0 rg BT 226.50 341.45 Td (in ) Tj ET Q q 0 0 0 rg BT 235.92 341.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 272.84 341.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 314.29 341.45 Td (rates. ) Tj ET Q q 0 0 0 rg BT 339.21 341.45 Td (V) Tj ET Q q 0 0 0 rg BT 344.72 341.45 Td (olatility ) Tj ET Q q 0 0 0 rg BT 374.64 341.45 Td (in ) Tj ET Q q 0 0 0 rg BT 384.06 341.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 425.51 341.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 447.93 341.45 Td (could ) Tj ET Q q 0 0 0 rg BT 471.86 341.45 Td (have ) Tj ET Q q 0 0 0 rg BT 493.79 341.45 Td (an ) Tj ET Q q 0 0 0 rg BT 506.21 341.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 540.64 341.45 Td (ef) Tj ET Q q 0 0 0 rg BT 547.99 341.45 Td (fect ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 327.95 Td (on ) Tj ET Q q 0 0 0 rg BT 84.51 327.95 Td (our ) Tj ET Q q 0 0 0 rg BT 100.02 327.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 140.54 327.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.06 327.95 Td (condition ) Tj ET Q q 0 0 0 rg BT 214.59 327.95 Td (and ) Tj ET Q q 0 0 0 rg BT 232.11 327.95 Td (results ) Tj ET Q q 0 0 0 rg BT 261.11 327.95 Td (of ) Tj ET Q q 0 0 0 rg BT 271.12 327.95 Td (operations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.50 299.45 Td (10.2. ) Tj ET Q q 0 0 0 rg BT 96.02 299.45 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 126.35 299.45 Td ( ) Tj ET Q q 0 0 0 rg BT 128.85 299.45 Td (PROCEEDINGS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 279.95 Td (The ) Tj ET Q q 0 0 0 rg BT 90.80 279.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.61 279.95 Td (is ) Tj ET Q q 0 0 0 rg BT 142.40 279.95 Td (involved ) Tj ET Q q 0 0 0 rg BT 178.72 279.95 Td (in ) Tj ET Q q 0 0 0 rg BT 189.02 279.95 Td (legal ) Tj ET Q q 0 0 0 rg BT 211.32 279.95 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 266.15 279.95 Td (audits, ) Tj ET Q q 0 0 0 rg BT 295.96 279.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 324.76 279.95 Td (and ) Tj ET Q q 0 0 0 rg BT 343.06 279.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 379.38 279.95 Td (arising ) Tj ET Q q 0 0 0 rg BT 409.18 279.95 Td (in ) Tj ET Q q 0 0 0 rg BT 419.48 279.95 Td (the ) Tj ET Q q 0 0 0 rg BT 435.29 279.95 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 471.09 279.95 Td (course ) Tj ET Q q 0 0 0 rg BT 501.40 279.95 Td (of ) Tj ET Q q 0 0 0 rg BT 512.20 279.95 Td (its ) Tj ET Q q 0 0 0 rg BT 524.49 279.95 Td (business. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 266.45 Td (Certain ) Tj ET Q q 0 0 0 rg BT 103.47 266.45 Td (of ) Tj ET Q q 0 0 0 rg BT 113.43 266.45 Td (these ) Tj ET Q q 0 0 0 rg BT 137.91 266.45 Td (matters ) Tj ET Q q 0 0 0 rg BT 170.37 266.45 Td (seek ) Tj ET Q q 0 0 0 rg BT 191.84 266.45 Td (damages ) Tj ET Q q 0 0 0 rg BT 231.32 266.45 Td (in ) Tj ET Q q 0 0 0 rg BT 240.78 266.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 283.26 266.45 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 322.25 266.45 Td (Although ) Tj ET Q q 0 0 0 rg BT 360.24 266.45 Td (the ) Tj ET Q q 0 0 0 rg BT 375.21 266.45 Td (outcome ) Tj ET Q q 0 0 0 rg BT 412.18 266.45 Td (of ) Tj ET Q q 0 0 0 rg BT 422.15 266.45 Td (such ) Tj ET Q q 0 0 0 rg BT 443.62 266.45 Td (matters ) Tj ET Q q 0 0 0 rg BT 476.08 266.45 Td (is ) Tj ET Q q 0 0 0 rg BT 485.04 266.45 Td (not ) Tj ET Q q 0 0 0 rg BT 500.00 266.45 Td (predictable ) Tj ET Q q 0 0 0 rg BT 546.49 266.45 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 252.95 Td (assurance, ) Tj ET Q q 0 0 0 rg BT 117.64 252.95 Td (the ) Tj ET Q q 0 0 0 rg BT 131.77 252.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.90 252.95 Td (has ) Tj ET Q q 0 0 0 rg BT 188.03 252.95 Td (no ) Tj ET Q q 0 0 0 rg BT 199.66 252.95 Td (reason ) Tj ET Q q 0 0 0 rg BT 228.79 252.95 Td (to ) Tj ET Q q 0 0 0 rg BT 237.92 252.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 268.05 252.95 Td (that ) Tj ET Q q 0 0 0 rg BT 284.68 252.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.81 252.95 Td (disposition ) Tj ET Q q 0 0 0 rg BT 342.95 252.95 Td (of ) Tj ET Q q 0 0 0 rg BT 352.08 252.95 Td (any ) Tj ET Q q 0 0 0 rg BT 368.20 252.95 Td (such ) Tj ET Q q 0 0 0 rg BT 388.83 252.95 Td (current ) Tj ET Q q 0 0 0 rg BT 418.46 252.95 Td (matter ) Tj ET Q q 0 0 0 rg BT 445.58 252.95 Td (could ) Tj ET Q q 0 0 0 rg BT 468.71 252.95 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 514.36 252.95 Td (be ) Tj ET Q q 0 0 0 rg BT 525.99 252.95 Td (expected ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 239.45 Td (to ) Tj ET Q q 0 0 0 rg BT 81.80 239.45 Td (have ) Tj ET Q q 0 0 0 rg BT 103.62 239.45 Td (a ) Tj ET Q q 0 0 0 rg BT 110.92 239.45 Td (material ) Tj ET Q q 0 0 0 rg BT 145.23 239.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.55 239.45 Td (ef) Tj ET Q q 0 0 0 rg BT 186.89 239.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 203.70 239.45 Td (on ) Tj ET Q q 0 0 0 rg BT 216.01 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 230.82 239.45 Td (Company) Tj ET Q q 0 0 0 rg BT 271.17 239.45 Td (s ) Tj ET Q q 0 0 0 rg BT 277.97 239.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.29 239.45 Td (position, ) Tj ET Q q 0 0 0 rg BT 349.11 239.45 Td (results ) Tj ET Q q 0 0 0 rg BT 377.92 239.45 Td (of ) Tj ET Q q 0 0 0 rg BT 387.72 239.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.05 239.45 Td (or ) Tj ET Q q 0 0 0 rg BT 442.35 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 457.16 239.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 482.47 239.45 Td (to ) Tj ET Q q 0 0 0 rg BT 492.28 239.45 Td (carry ) Tj ET Q q 0 0 0 rg BT 514.57 239.45 Td (on ) Tj ET Q q 0 0 0 rg BT 526.88 239.45 Td (any ) Tj ET Q q 0 0 0 rg BT 543.69 239.45 Td (of ) Tj ET Q q 0 0 0 rg BT 553.50 239.45 Td (its ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.00 225.95 Td (business ) Tj ET Q q 0 0 0 rg BT 110.02 225.95 Td (activities.) 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