Hi Tim,
I've forwarded your questions along to the Accounting team as I don't have
visibility into the ledger details.
Stay tuned.
Mitch
On Tue, Jun 27, 2023 at 11:19 AM Timothy Thomas <tt@thekey.com> wrote:
> Hi Mitch,
>
> I have a few questions,
>
> 1. As you may know, our HCL team was RIF'd in May resulting in a
> significant bump in office compensation for the month. Is it possible to
> calculate the effect that severance and pay in lieu had in this bucket and
> therefore the impact on EBITDA? It would be helpful to know where we're
> going to land in June.
>
> 2. In the "other reimbursable costs" account, I'm seeing a drastic
> increase in Toronto and Oakville / Waterloo. Could you please detail these
> costs?
>
> 3. General Liability Insurance: In Calgary i see the full years worth of
> insurance hit the books, don't we typically accrue for it equally over the
> year?
>
> Thank you
> Tim
>
> On Tue, Jun 27, 2023 at 10:26 AM Mitch Belitz <mitch.belitz@thekey.com>
> wrote:
>
>> Angie and all,
>>
>> Attached please find the May financial results presentation deck in
>> advance of our meeting tomorrow morning.
>>
>> Division Adjusted EBITDA for May improved by 5% and the AEBITDA
>> margin increased by 0.3 percentage points to 20.2% (exceeding the Q2 goal
>> of 20.0%).
>>
>> Operating expenses were higher than April primarily due to there being
>> three more paid days in May compared to April and an unfavorable PTO
>> accrual adjustment in May.
>>
>> Please let me know if you have any questions.
>>
>> Mitch
>>
>> --
>> Mitch Belitz
>> * Head of FP&A*
>> mitch.belitz@thekey.com
>> <https://brand.thekey.com/esg/mitch.belitz@thekey.com>
>> TheKey.com <https://www.thekey.com/>
>> [image: TheKey] <https://homecareassistance.com/>
>>
>
>
> --
> Tim Thomas
> Head of Canada Division
> *Please note my email has changed:*
> tt@TheKey.com <tt@thekey.com>
> (514) 591-9387
> TheKey.ca <https://www.thekey.ca/>
> [image: TheKey] <https://www.thekey.com/>
>
Mitch Belitz
* Head of FP&A*
mitch.belitz@thekey.com
<https://brand.thekey.com/esg/mitch.belitz@thekey.com>
TheKey.com <https://www.thekey.com/>
[image: TheKey] <https://homecareassistance.com/>