Financial Position

(In millions of Canadian dollars)

	2007	2008	2009	2010	2011
Net assets employed(i)	2,267	2,348	2,416	1,966	1,907
Shareholders' equity	1,149	1,143	1,189	924	865
Net borrowings	855	1,023	1,016	902	984
Cash flow from operations	153	143	218	258	300

⁽ⁱ⁾ Total assets, less cash, future tax assets and non-interest-bearing liabilities.

Earnings

(In millions of Canadian dollars)

	2007	2008	2009	2010	2011
Adjusted operating earnings	199	128	196	215	259
EBITDA	344	302	349	357	391

EBITDA margin	6.6%	5.8%	6.7%	7.2%	8.0%
RONA	6.7%	3.4%	5.9%	8.6%	10.0%

Key Per Share Figures

	2007	2008	2009	2010	2011
Adjusted net earnings from continuing operations(i)	0.51	0.29	0.57	0.73	1.01
Net earnings (loss) as reported(ii)	1.53	(0.29)	0.40	0.22	0.59
Dividends	0.16	0.16	0.16	0.16	0.16

⁽ⁱ⁾ Refer to page 41 of Management's Discussion & Analysis for definition.
⁽ⁱⁱ⁾ Attributable to common shareholders.