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Altus Group Altus Group Reports Fourth Quarter and Full Year 2020 Financial Results Delivers 15 % Growth in Altus Analytics Over Time Revenues & Property Tax Revenues in 2020 TORONTO ( February 24 , 2021 ) - Altus Group Limited ( " Altus Group " or " the Company " ) ( TSX : AIF ) , a leading provider of software , data solutions and independent advisory services to the global commercial real estate industry , announced today its financial and operating results for the fourth quarter and year ended December 31 , 2020 . All amounts are in Canadian dollars and percentages are in comparison to the same period in 2019 . 2020 Summary : • • • • Consolidated revenues were $ 561.2 million , up 6.7 % Consolidated profit from continuing operations , in accordance with IFRS , was $ 27.0 million , up 13.1 % Consolidated earnings per share from continuing operations , in accordance with IFRS , was $ 0.67 per share basic and $ 0.66 per share diluted , compared to $ 0.61 and $ 0.60 , respectively Consolidated Adjusted EBITDA¹ was $ 98.9 million , up 16.8 % • Adjusted earnings per share² ( " Adjusted EPS " ) was $ 1.67 , compared to $ 1.43 • • • • Altus Analytics Over Time³ revenues grew 14.7 % to $ 167.7 million ( reflecting ongoing revenue model transition , total Altus Analytics revenues increased modestly by 0.9 % to $ 203.7 million while Adjusted EBITDA¹ decreased by 2.6 % to $ 35.8 million ) Finished the year surpassing 1,000 customers on cloud - enabled Argus Enterprise ( " AE " ) and 14 % of total AE user base contracted on ARGUS Cloud CRE Consulting revenues grew 10.4 % to $ 357.8 million and Adjusted EBITDA¹ increased by 21.0 % to $ 92.1 million , driven by 14.8 % revenue and 22.7 % Adjusted EBITDA growth at Property Tax At the end of the year Bank debt was $ 123.0 million ( representing a funded debt to EBITDA leverage ratio of 1.09 times ) and cash and cash equivalents was $ 69.6 million Fourth Quarter 2020 Summary : • Consolidated revenues were $ 139.5 million , up 0.7 % . • • Consolidated profit from continuing operations , in accordance with IFRS , was $ 4.6 million , down 24.5 % Consolidated earnings per share from continuing operations , in accordance with IFRS , was $ 0.11 per share basic and diluted , compared to $ 0.15 per share basic and diluted , respectively Consolidated Adjusted EBITDA¹ was $ 26.7 million , up 19.7 % • Adjusted EPS was $ 0.44 , compared to $ 0.42 altusgroup.com