{"id":15019,"date":"2020-05-14T07:00:30","date_gmt":"2020-05-14T11:00:30","guid":{"rendered":"http:\/\/www.neomaterials.com\/?p=15019"},"modified":"2023-04-11T16:42:38","modified_gmt":"2023-04-11T20:42:38","slug":"neo-reports-first-quarter-2020-results","status":"publish","type":"post","link":"https:\/\/www.neomaterials.com\/neo-reports-first-quarter-2020-results\/","title":{"rendered":"Neo Reports First Quarter 2020 Results"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15019\" class=\"elementor elementor-15019\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5382be41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5382be41\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66cb79fe\" data-id=\"66cb79fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a9925a7 elementor-widget elementor-widget-text-editor\" data-id=\"6a9925a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"entry-content\" style=\"margin: 0px; padding: 30px 0px 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: rgba(0, 16, 28, 0.7); font-family: 'Open Sans', Arial, sans-serif;\"><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; text-align: center;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 14pt; vertical-align: baseline; text-size-adjust: 100%;\">Q1 2020 Highlights<\/span><br \/><\/span><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10pt; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 13.3333px; vertical-align: baseline; text-size-adjust: 100%;\">(unless other noted, all financial amounts in this news release are expressed in U.S. dollars)<\/em><\/span><\/p><ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 0px 23px 1em; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%; list-style-position: initial; list-style-image: initial; line-height: 26px;\"><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">$90.7 million in revenue<\/li><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">Net income of $0.5 million, or $0.01 per share<\/li><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">Adjusted Net Income<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span>\u00a0of $0.9 million, or $0.02 per share<\/li><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">Adjusted EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span>\u00a0of $9.6 million<\/li><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">Quarter-end closes with $74.8 million of net cash after paying $2.8 million in dividends to the shareholders, $2.3 million to non-controlling interest partners and re-purchasing $1.0 million of stock under its Normal Course Issuer Bid Program.<\/li><li style=\"margin-right: 0px; margin-left: 0px; padding: 0px; background-position: 0px 0px; font-size: 16px; text-size-adjust: 100%;\">A quarterly dividend of Cdn$0.10 per common share was declared on May 12, 2020 for shareholders of record at June 17, 2020, with a payment date of June 26, 2020.<\/li><\/ul><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">TORONTO, Canada<\/span>, May 14, 2020 \u2013 Neo Performance Materials Inc. (\u201c<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Neo<\/span>\u201c, the \u201c<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Company<\/span>\u201c) (<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">TSX:NEO<\/span>) released its first quarter 2020 financial results. The financial statements and management\u2019s discussion and analysis (\u201c<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">MD&amp;A<\/span>\u201c) of these results can be viewed on Neo\u2019s web site at\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"http:\/\/www.neomaterials.com\/\">www.neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/www.sedar.com\/\">www.sedar.com<\/a>.<\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">HIGHLIGHTS OF Q1 2020 CONSOLIDATED PERFORMANCE<\/span><\/h4><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">For the three months ended March 31, 2020, consolidated revenue was $90.7 million compared to $108.5 million in 2019; a decrease of $17.8 million or 16.4%.\u00a0 Net income totaled $0.5 million, or $0.01 per share.\u00a0 Adjusted Net Income<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span>\u00a0totaled $0.9 million, or $0.02 per share.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">As of March 31, 2020, Neo had cash and cash equivalents of $76.0 million plus restricted cash of $4.0 million, compared to $84.7 million plus $4.2 million as at December 31, 2019.\u00a0 Neo paid $2.8 million in dividends to its shareholders and $2.3 million to its non-controlling interest and purchased $1.0 million of its shares under the Normal Course Issuer Bid program in the three months ended March 31, 2020.\u00a0 In addition, Neo has approximately $6.0 million available under its credit facilities with $1.2 million drawn.<\/p><table style=\"width: 639px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" width=\"624\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em; background-color: #3d85f2;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"5\" width=\"0\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; color: #ffffff;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">TABLE 1: Selected Consolidated Results<\/span><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"4\" width=\"176\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Year-over-Year Comparison<\/em><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2020<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2019<\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Volume (tonnes)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">3,303<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">3,607<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/em><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Revenue<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$90,697<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$108,530<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Operating income<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$5,007<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$16,239<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$9,061<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$20,839<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Adjusted EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$9,645<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">$16,486<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Adjusted EBITDA %<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">10.6%<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"88\">15.2%<\/td><\/tr><\/tbody><\/table><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">_________________________<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/em><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">Neo reports non-IFRS measures such as \u201cAdjusted Net Income\u201d, \u201cAdjusted Earnings per Share\u201d, \u201cAdjusted EBITDA\u201d, \u201cAdjusted EBITDA Margin\u201d and \u201cEBITDA\u201d. Please see information on this and other non-IFRS measures in the \u201cNon-IFRS Measures\u201d section of this news release and in the MD&amp;A.<\/em><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Revenues in the quarter of $90.7 million were 16.4% lower than in the same period of 2019.\u00a0 The Magnequench segment led the decline in revenues as volumes were adversely affected by slower economic activity in various regions globally, but most notably in China largely as a result of the COVID-19 pandemic.\u00a0 The C&amp;O segment continued to see year-over-year growth in environmental automotive catalyst sales, despite the general economic slowdown in China and in automotive markets. This was offset by lower spot sales and lower prices generally in the separation business.\u00a0 The revenue decline in the Rare Metals segment was driven by the decline in pricing for tantalum-based products and lower volume in gallium-based products.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Adjusted EBITDA for the three months ended March 31, 2020 was $9.6 million; a decrease of $6.8 million compared to the same period in 2019.\u00a0 This decline was predominantly due to lower year-over-year spot sales, as well as to the general economic slowdown in China and other markets.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">\u201cThe Neo team took active measures early in the progression of the COVID-19 pandemic to help protect the health and safety of our employees and keep our operations running.\u00a0 We are maintaining strict health and safety protocols at all of our facilities around the world,\u201d said Geoff Bedford, Neo\u2019s Chief Executive Officer.\u00a0 \u201cThese precautions include temperature screening, use of enhanced personal protection equipment, social distancing, plant disinfectant protocols, and remote working for office employees. I am very proud of how hard everyone has worked to protect one another from this virus while we continue to deliver advanced material products to our customers.\u201d<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">\u201cOur customers\u2019 operations are being impacted by the pandemic and by the steps that various governments are taking to limit its spread,\u201d Mr. Bedford added.\u00a0 \u201cWhile the near-term outlook for many of our markets remains unclear, with our strong balance sheet we are well-positioned to navigate through this uncertainty.\u201d<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span><\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">MAGNEQUENCH SEGMENT RESULTS<\/span><\/h4><table style=\"width: 639px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" border=\"0\" width=\"624p\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em; background-color: #7474d1;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 0px;\" colspan=\"5\" nowrap=\"nowrap\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; color: #ffffff;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">TABLE 2: Selected Magnequench Results<\/b><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"4\" nowrap=\"nowrap\"><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; text-align: center;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Year-over-Year Comparison<\/i><\/b><\/p><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Q1 2020<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Q1 2019<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">Volume (tonnes)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">1,271<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">1,445<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">Revenue<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$38,526<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$47,555<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">Operating income<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$5,539<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$9,481<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$7,752<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$11,423<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 383px; height: 0px;\" nowrap=\"nowrap\">Adjusted EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 130px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$7,715<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; width: 125px; text-align: right; height: 0px;\" colspan=\"2\" nowrap=\"nowrap\">$10,929<\/td><\/tr><\/tbody><\/table><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">_________________________<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/em><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">Neo reports non-IFRS measures such as \u201cAdjusted Net Income\u201d, \u201cAdjusted Earnings per Share\u201d, \u201cAdjusted EBITDA\u201d, \u201cAdjusted EBITDA Margin\u201d and \u201cEBITDA\u201d. Please see information on this and other non-IFRS measures in the \u201cNon-IFRS Measures\u201d section of this news release and in the MD&amp;A.<\/em><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Volumes in the quarter decreased 12.0% compared to the first quarter of 2019.\u00a0 Revenues were down $9.0 million, due to lower volumes and lower material input commodity prices, and impacts related to the COVID-19 pandemic.\u00a0 Neo passes through these material input cost changes to most of its customers on a lagged basis.\u00a0 Volumes in the Magnequench segment decreased, mostly in its legacy and longer running programs, due to the slowdown in auto sales, slower economic performance in certain sectors, and impacts of the pandemic.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Adjusted EBITDA was $7.7 million for the three months ended March 31, 2020, compared to $10.9 million in the same period of 2019.\u00a0 Adjusted EBITDA was affected by lower volumes (both in margin and overhead absorption), changes in foreign exchange rates, and by timing impacts from Neo\u2019s input cost pass-through mechanics. This pass-through mechanic, which updates selling prices on a lagged basis (generally monthly and quarterly) is a key feature of Neo\u2019s strategic focus on value-add margins.<\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">CHEMICALS AND OXIDES (\u201cC&amp;O\u201d) SEGMENT RESULTS<\/span><\/h4><table style=\"width: 639px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" width=\"624\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em; background-color: #ff8f00;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"5\" width=\"0\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; color: #ffffff;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">TABLE 3: Selected C&amp;O Results<\/span><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"4\" width=\"190\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Year-over-Year Comparison<\/em><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2020<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2019<\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Volume (tonnes)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">1,935<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">2,135<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/em><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Revenue<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$33,538<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$43,573<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Operating income<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$2,974<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$6,626<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$4,358<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$7,790<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Adjusted EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$4,413<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$6,988<\/td><\/tr><\/tbody><\/table><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">_________________________<\/span><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">_________________________<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/em><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">Neo reports non-IFRS measures such as \u201cAdjusted Net Income\u201d, \u201cAdjusted Earnings per Share\u201d, \u201cAdjusted EBITDA\u201d, \u201cAdjusted EBITDA Margin\u201d and \u201cEBITDA\u201d. Please see information on this and other non-IFRS measures in the \u201cNon-IFRS Measures\u201d section of this news release and in the MD&amp;A.<\/em><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">In the three months ended March 31, 2020, environmental auto catalyst volumes continued to show growth year-over-year, despite general slowdown in the automotive market.\u00a0 Diesel catalyst sales showed growth year-over-year, as the previous two-year decline of legacy diesel product usage has largely ended while newer formulations of diesel catalyst products are driving new growth for the segment.\u00a0 For the three months ended March 31, 2020, C&amp;O\u2019s rare earth separation business was adversely impacted by the continuing decline of rare earth commodity prices which resulted in higher cost inventory relative to current selling prices.\u00a0 C&amp;O also benefited from the timing of some high-value spot sales orders in the prior-year period, which did not repeat in three months ended March 31, 2020.<em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">\u00a0<\/em><\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">RARE METALS SEGMENT RESULTS<\/span><\/h4><table style=\"width: 639px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" width=\"624\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em; background-color: #bfb800;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"5\" width=\"0\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; color: #ffffff;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">TABLE 4: Selected Rare Metals Results<\/span><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"4\" width=\"190\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Year-over-Year Comparison<\/em><\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2020<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Q1 2019<\/span><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Volume (tonnes)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">142<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">118<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/em><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Revenue<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$20,450<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$21,531<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Operating (loss) income<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$(177)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$157<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$898<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$1,362<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" width=\"424\">Adjusted EBITDA<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$911<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" width=\"95\">$1,175<\/td><\/tr><\/tbody><\/table><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">_________________________<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/em><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><em style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">Neo reports non-IFRS measures such as \u201cAdjusted Net Income\u201d, \u201cAdjusted Earnings per Share\u201d, \u201cAdjusted EBITDA\u201d, \u201cAdjusted EBITDA Margin\u201d and \u201cEBITDA\u201d. Please see information on this and other non-IFRS measures in the \u201cNon-IFRS Measures\u201d section of this news release and in the MD&amp;A.<\/em><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Rare Metal\u2019s operating loss of $0.2 million in the three months ended March 31, 2020 was driven predominantly by the selling of higher-cost historical inventory on hand for tantalum-based products. The Rare Metals segment had considerable material in the production system, so when material prices change, there is a lead-lag impact into current period results as the operation is processing and selling material on hand purchased in a prior period. The majority of the higher-cost historical raw material has been used in production with a small amount remaining at the end of the quarter. In addition, the Rare Metals segment was impacted by a general slowdown in gallium trichloride volumes and by compressed margins.<\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">CONFERENCE CALL ON THURSDAY, MAY 14, 2020 AT 10 AM EASTERN<\/span><\/h4><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span>Management will host a teleconference call on Thursday, May 14, 2020 at 10:00 a.m. (Eastern Time) to discuss the first quarter 2020 results.\u00a0 Interested parties may access the teleconference by calling (647) 427-7450 (local) or\u00a0 (888) 231-8191 (toll-free long distance) or by visiting https:\/\/cnw.en.mediaroom.com\/events.\u00a0 A recording of the teleconference may be accessed by calling (416) 849-0833 (local) or (855) 859-2056 (toll-free long distance), and entering pass code 5625619# until June 14, 2020 or by visiting https:\/\/cnw.en.mediaroom.com\/events.<\/p><h4 style=\"margin: 0px; padding: 0px 0px 10px; border: 0px; outline: 0px; background: 0px 0px; font-size: 19px; vertical-align: baseline; text-size-adjust: 100%; color: #000000; line-height: 1.4em; letter-spacing: 1px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">NON-IFRS MEASURES<\/span><\/h4><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span>This news release refers to certain non-IFRS financial measures such as \u201cAdjusted Net Income\u201d, \u201cEBITDA\u201d, \u201cAdjusted EBITDA\u201d, and \u201cAdjusted EBITDA Margin\u201d.\u00a0 These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of Neo\u2019s results of operations from management\u2019s perspective. Neo\u2019s definitions of non-IFRS measures used in this news release may not be the same as the definitions for such measures used by other companies in their reporting.\u00a0 Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Neo\u2019s financial information reported under IFRS.\u00a0 Neo uses non-IFRS financial measures to provide investors with supplemental measures of its base-line operating performance and to eliminate items that have less bearing on operating performance or operating conditions and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures.\u00a0 Neo believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers.\u00a0 Neo\u2019s management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period.\u00a0 For the operating segments, Neo also uses \u201cOIBDA\u201d and \u201cAdjusted OIBDA\u201d, which reconciles to operating income. Neo uses Adjusted OIBDA and Adjusted EBITDA interchangeably as the use of adjustments in each measure provides the same calculated outcome of operating performance. For definitions of how Neo defines such financial measures, please see the \u201cNon-IFRS Financial Measures\u201d section of Neo\u2019s management\u2019s discussion and analysis filing for the three months ended March 31, 2020, available on Neo\u2019s web site at www.neomaterials.com and on SEDAR at www.sedar.com.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">TABLE 5: CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<\/b><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><table style=\"width: 837px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">March 31,<br \/>2020<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">December 31,<br \/>2019<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">ASSETS<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Current<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Cash and cash equivalents<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">75,964<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">84,735<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Restricted cash<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">4,048<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">4,185<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Accounts receivable<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">44,876<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">44,297<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Inventories<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">110,744<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">112,891<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Income taxes receivable<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,875<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,460<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other current assets<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">18,831<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">14,230<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total current assets<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">256,338<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">261,798<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Property, plant and equipment<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">92,335<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">94,490<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Intangible assets<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">63,728<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">65,475<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Goodwill<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">98,232<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">98,841<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Investments<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">8,927<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">8,985<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Deferred tax assets<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,008<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">805<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other non-current assets<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">804<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">837<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total non-current assets<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">265,034<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">269,433<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total assets<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">521,372<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">531,231<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">LIABILITIES AND EQUITY<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Current<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Bank advances and other short-term debt<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">1,205<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">54<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Accounts payable and other accrued charges<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">51,610<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">56,138<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Income taxes payable<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">4,802<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">4,756<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Provisions<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,020<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">\u2014<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Lease obligations<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,681<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,660<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Derivative liability<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">10,575<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">11,833<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other current liabilities<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">41<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">85<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total current liabilities<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">71,934<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">74,526<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Employee benefits<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,981<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,031<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Provisions<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">3,134<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">5,670<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Deferred tax liabilities<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">16,390<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">15,894<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Lease obligations<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,830<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,953<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other non-current liabilities<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,517<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,524<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total non-current liabilities<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">25,852<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">28,072<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total liabilities<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">97,786<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">102,598<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Non-controlling interest<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">4,145<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">3,997<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Equity attributable to equity holders of Neo Performance Materials Inc<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">419,441<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">424,636<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total equity<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">423,586<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">428,633<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Total liabilities and equity<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">521,372<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">531,231<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">See accompanying notes to this table in Neo\u2019s\u00a0 Consolidated Financial Statements for the Three Months Ended March 31, 2020, available on Neo\u2019s website at\u00a0<\/i><a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=3798255237&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\" target=\"_blank\" rel=\"noopener noreferrer\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">www.neomaterials.com<\/i><\/a><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">\u00a0and on SEDAR at\u00a0<\/i><a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=898057239&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener noreferrer\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">www.sedar.com<\/i><\/a><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">.<\/i><\/span><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">\u00a0<\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">TABLE 6: CONSOLIDATED RESULTS OF OPERATIONS<\/b><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Comparison of the three months ended March 31, 2020 to the three months ended March 31, 2019:<\/i><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><table style=\"width: 864px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"7\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Three Months Ended March 31,<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2020<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2019<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Revenue<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">90,697<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">108,530<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Costs of sales<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Costs excluding depreciation and amortization<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">66,249<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">78,389<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Depreciation and amortization<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,720<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,410<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Gross profit<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">21,728<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">27,731<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Expenses<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Selling, general and administrative<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">11,961<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">7,296<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Share-based compensation<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(227)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(390)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Depreciation and amortization<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,036<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,985<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Research and development<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,951<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,601<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">16,721<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">11,492<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Operating income<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">5,007<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">16,239<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other expense<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(194)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(126)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Finance cost, net<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(945)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(1,382)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Foreign exchange (loss) gain<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(450)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">93<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Income from operations before income taxes and equity income (loss)<br \/>of associates<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">3,418<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">14,824<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Income tax expense<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(2,842)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(2,835)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Income from operations before equity income (loss) of associates<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">576<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">11,989<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Equity (loss) income of associates (net of income tax)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(58)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">238<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Net income<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">518<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">12,227<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Attributable to:<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Equity holders of Neo Performance Materials Inc<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">363<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">12,247<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Non-controlling interest<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">155<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(20)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">518<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">12,227<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Earnings per share attributable to equity holders of Neo Performance<br \/>Materials Inc.:<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Basic<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.01<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.31<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Diluted<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.01<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.31<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">See Management\u2019s Discussion and Analysis for the Three Months Ended March 31, 2020, available on Neo\u2019s website at\u00a0<\/i><a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=3798255237&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\" target=\"_blank\" rel=\"noopener noreferrer\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">www.neomaterials.com<\/i><\/a><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">\u00a0and on SEDAR at\u00a0<\/i><a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=898057239&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener noreferrer\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">www.sedar.com<\/i><\/a><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%;\">.<\/i><\/span><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">\u00a0<\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">TABLE 7: RECONCILIATION OF NET INCOME TO EBITDA, ADJUSTED EBITDA AND FREE CASH FLOW<\/b><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><table style=\"width: 774px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee; height: 1071px;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"7\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Three Months Ended March 31,<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2020<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2019<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Net income<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">518<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">12,227<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Add back (deduct):<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Finance cost, net<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">945<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,382<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Income tax expense<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,842<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,835<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Depreciation and amortization included in costs of sales<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,720<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,410<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Depreciation and amortization included in operating expenses<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">2,036<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">1,985<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">EBITDA<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">9,061<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">20,839<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Adjustments to EBITDA:<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Equity loss (income) in associates<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">58<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">(238)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Other expense\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">194<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">126<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Foreign exchange loss (gain)\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(2)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">450<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">(93)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Share and value-based compensation recovery\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(3)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">(118)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">(2,199)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Other non-recurring recoveries\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(4)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">\u2014<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">(1,949)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Adjusted EBITDA<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">9,645<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">16,486<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Adjusted EBITDA Margins<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">10.6<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">%<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">15.2<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">%<\/i><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Less:<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">Capital expenditures<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">1,502<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">2,665<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Free Cash Flow<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">8,143<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">13,821<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em; height: 51px;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Free Cash Flow Conversion<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">\u00a0(5)<\/span><\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">84.4<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">%<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" colspan=\"2\" nowrap=\"nowrap\">83.8<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right; height: 51px;\" nowrap=\"nowrap\">%<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold; text-decoration: underline;\">Notes:<\/span><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(1)\u00a0\u00a0\u00a0\u00a0\u00a0 Represents other expenses resulting from non-operational related activities.\u00a0 These costs and recoveries are not indicative of Neo\u2019s ongoing activities.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(2)\u00a0\u00a0\u00a0\u00a0\u00a0 Represents unrealized and realized foreign exchange losses (gains) that include non-cash adjustments in translating foreign denominated monetary assets and liabilities.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(3)\u00a0\u00a0\u00a0\u00a0\u00a0 Represents share and value-based compensation expense in respect of the Legacy Plan, the LTIP and the long-term value bonus plan, which has similar vesting criteria to the share-based plan and is settled in cash for non-executives and non-North Americans where implementation of a share settlement plan would have been prohibitively expensive in terms of administration and compliance.\u00a0 Value-based compensation expense\/(recovery) of $109 and $(1,809) are included in selling, general, and administration expenses for the three months ended March 31, 2020 and three months ended March 31, 2019, respectively.\u00a0 Neo has removed both the share and value-based compensation expense from EBITDA to provide comparability with historic periods and to treat it consistently with the share-based awards that they are intended to replace.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(4)\u00a0\u00a0\u00a0\u00a0\u00a0 These represent primarily legal, professional advisory fees and other transaction costs recovered with respect to non-operating capital structure related transactions.\u00a0 Neo has removed these charges to provide comparability with historic periods.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(5)\u00a0\u00a0\u00a0\u00a0\u00a0 Calculated as Free Cash Flow divided by Adjusted EBITDA.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">TABLE 8: RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME<\/b><\/p><div style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><table style=\"width: 782px; margin-top: 0px; margin-right: 0px; margin-left: 0px; border: 1px solid #eeeeee;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><i style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">($000s)<\/i><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"7\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Three Months Ended March 31,<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2020<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">2019<\/b><\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Net income<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">518<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">12,227<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Adjustments to net income:<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Foreign exchange loss (gain)\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(1)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">450<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(93)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Share and value-based compensation recovery\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(2)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(118)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(2,199)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other non-recurring recoveries\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(3)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">\u2014<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(1,949)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Other items included in other expense\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(4)<\/span><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">120<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">\u2014<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Tax impact of the above items<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(101)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">154<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Adjusted net income<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">869<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">$<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">8,140<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\"><b style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%;\">Attributable to:<\/b><\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Equity holders of Neo Performance Materials Inc<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">714<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">8,160<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Non-controlling interest<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">155<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">(20)<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"5\" nowrap=\"nowrap\">Weighted average number of common shares outstanding:<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"3\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Basic<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">37,739,299<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">39,641,879<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Diluted<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">37,819,678<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">39,964,500<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" colspan=\"9\" nowrap=\"nowrap\">Adjusted earnings per share\u00a0<span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 16px; vertical-align: baseline; text-size-adjust: 100%; position: relative; height: 0px; line-height: 1; bottom: 0.8em;\">(5)<\/span>\u00a0attributable to equity shareholders of Neo Performance Materials Inc.:<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Basic<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.02<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.21<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><tr style=\"max-width: 100%; padding: 0.857em 0.587em;\"><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">Diluted<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.02<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">\u00a0<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">$<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%; text-align: right;\" nowrap=\"nowrap\">0.20<\/td><td style=\"padding: 0.857em 0.587em; border-top-color: #eeeeee; max-width: 100%;\" nowrap=\"nowrap\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold; text-decoration: underline;\">Notes:<\/span><\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(1)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Represents unrealized and realized foreign exchange losses (gains) that include non-cash adjustments in translating foreign denominated monetary assets and liabilities.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(2)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Represents share and value-based compensation expense in respect of the Legacy Plan, the LTIP and the long-term value bonus plan, which has similar vesting criteria to the share-based plan and is settled in cash for non-executives and non-North Americans where implementation of a share settlement plan would have been prohibitively expensive in terms of administration and compliance.\u00a0 Value-based compensation expense\/(recovery) of $109 and $(1,809) are included in selling, general, and administration expenses for the three months ended March 31, 2020 and three months ended March 31, 2019, respectively.\u00a0 Neo has removed both the share and value-based compensation expense from net income to provide comparability with historic periods and to treat it consistently with the share-based awards that they are intended to replace.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(3)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 These represents primarily legal, professional advisory fees and other transaction costs recovered with respect to non-operating capital structure related transactions.\u00a0 Neo has removed these charges to provide comparability with historic periods.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(4)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Represents certain other transactions that Neo has removed from net income to provide comparability with historic periods.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; font-size: 8pt; vertical-align: baseline; text-size-adjust: 100%;\">(5)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Neo reports non-IFRS measures such as \u201cAdjusted Net Income\u201d, \u201cAdjusted Earnings per Share\u201d, \u201cAdjusted EBITDA\u201d, \u201cAdjusted EBITDA Margin\u201d and \u201cEBITDA\u201d. Please see information on this and other non-IFRS measures in the \u201cNon-IFRS Measures\u201d section of this new release and in the MD&amp;A, available on Neo\u2019s website\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=3798255237&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\">www.neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-size: 10.6667px; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2803560-1&amp;h=898057239&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\">www.sedar.com<\/a>.<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">About Neo Performance Materials<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability.\u00a0 Neo\u2019s advanced industrial materials \u2013 magnetic powders and magnets, specialty chemicals, metals, and alloys \u2013 are critical to the performance of many everyday products and emerging technologies. Neo\u2019s products help to deliver the technologies of tomorrow to consumers today.\u00a0 The business of Neo is organized along three segments: Magnequench, Chemicals &amp; Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, US; Singapore; and Beijing, China. Neo operates globally with sales and production across 10 countries, being Japan, China, Thailand, Estonia, Singapore, Germany, United Kingdom, Canada, United States, and South Korea. For more information, please visit\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"http:\/\/www.neomaterials.com\/\">www.neomaterials.com<\/a>.<\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Information Contacts<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Ali Mahdavi<br \/>Investor Relations<br \/>(416) 962-3300<br \/>Email:\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"mailto:a.mahdavi@neomaterials.com\">a.mahdavi@neomaterials.com<\/a><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Website:\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"http:\/\/www.neomaterials.com\/\">www.neomaterials.com<\/a><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">\u00a0<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">Jim Sims<br \/>Media Relations<br \/>(303) 503-620<br \/>Email:\u00a0<a style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; vertical-align: baseline; text-size-adjust: 100%; color: #0082ca;\" href=\"mailto:j.sims@neomaterials.com\">j.sims@neomaterials.com<\/a><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 0px 1em; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\"><span style=\"margin: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%; font-weight: bold;\">Cautionary Statements Regarding Forward-Looking Statements<\/span><\/p><p style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; background: 0px 0px; vertical-align: baseline; text-size-adjust: 100%;\">This news release contains \u201cforward-looking information\u201d within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or future performance of Neo. All statements in this release, other than statements of historical facts, with respect to Neo\u2019s objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: expectations regarding certain of Neo\u2019s future results and information, including, among other things, revenue, expenses, sales growth, capital expenditures, and operations; statements with respect to current and future market trends that may directly or indirectly impact sales and revenue of Neo; expected use of cash balances; continuation of prudent management of working capital; source of funds for ongoing business requirements and capital investments; expectations regarding sufficiency of the allowance for uncollectible accounts and inventory provisions; analysis regarding sensitivity of the business to changes in exchange rates; impact of recently adopted accounting pronouncements; risk factors relating to intellectual property protection and intellectual property litigation; risk factors relating to national or international economies (including the impact of COVID-19), and other risks present in the jurisdictions in which Neo, its customers, its suppliers, and\/or its logistics partners operate, and; expectations concerning any remediation efforts to Neo\u2019s design of its internal controls over financial reporting and disclosure controls and procedures. Often, but not always, forward-looking information can be identified by the use of words such as \u201cplans\u201d, \u201cexpects\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201ccontinues\u201d, \u201cforecasts\u201d, \u201cprojects\u201d, \u201cpredicts\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cbelieves\u201d, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cshould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review Neo\u2019s continuous disclosure filings that are available under Neo\u2019s profile at www.sedar.com.<\/p><\/div><p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Neo Performance Materials (TSX:NEO) released its first quarter 2020 financial results.<\/p>\n","protected":false},"author":6,"featured_media":14653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,7],"tags":[],"class_list":["post-15019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-post","category-news-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Neo Reports First Quarter 2020 Results - 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