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GDI PRESS RELEASE Integrated Facility Services For immediate release GDI Integrated Facility Services Inc. releases its financial results for the fourth quarter and the year ended December 31 , 2020 • Q4 2020 revenue of $ 364.7 million , an increase of $ 20.5 million or 6.0 % over Q4 2019 . • Q4 2020 Adjusted EBITDA¹ of $ 32.2 million , an increase of $ 11.4 million , or 54.7 % , over Q4 2019 . Q4 2020 net income of $ 17.0 million or $ 0.75 per share compared with net loss of $ 0.9 million or - $ 0.04 per share in the fourth quarter of 2019 . 2020 revenue of $ 1.412 billion , an increase of $ 126.5 million or 9.9 % over 2019 . • 2020 Adjusted EBITDA¹ of $ 104.9 million , an increase of $ 27.4 million , or 35.3 % , over 2019 . • 2020 net income of $ 48.0 million or $ 2.18 per share compared with $ 6.8 million or $ 0.32 per share in 2019 . • BPAC Group acquisition completed in January 2021 . • Excluding the ESC acquisition , long - term debt reduced by 50 % in 2020 . LaSalle , Quebec , March 2 , 2021 - GDI Integrated Facility Services Inc. ( " GDI " or the " Company " ) ( TSX : GDI ) is pleased to announce its financial results for the fourth quarter and fiscal year ended December 31 , 2020 . For the fourth quarter ended December 31 , 2020 : Revenue reached $ 364.7 million , an increase of $ 20.5 million , or 6.0 % , over the fourth quarter of 2019. Organic decline in the fourth quarter of 2020 was 4.2 % , compensated by revenue growth from acquisitions of 10.5 % . The organic decline was driven by COVID - 19 pandemic related impacts . Adjusted EBITDA¹ amounted to $ 32.2 million , an increase of $ 11.4 million , or 54.7 % , over the fourth quarter of 2019 . Net income was $ 17.0 million or $ 0.75 per share compared to net loss of $ 0.9 million or - $ 0.04 per share in Q4 2019 . Long - term debt decreased by $ 20.4 million from $ 189.1 million on September 30 , 2020 to $ 168.7 million on December 31 , 2020. This decrease is mainly attributable to debt repayment funded by cash flow generated from operating activities . 1 The terms " Adjusted EBITDA " and " Adjusted EBITDA Margin " do not have standardized definitions prescribed by International Financial Reporting Standards and therefore may not be comparable to similar measures presented by other companies . " Adjusted EBITDA " is defined as operating income before depreciation and amortization , Canadian Emergency Wage Subsidy and related expenses , transaction , reorganization and other costs and share - based compensation . The Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by revenues . For more details and for a reconciliation of that measure to the most directly comparable IFRS measure , consult the " Operating and Financial Results " section of the Company's Management Discussion & Analysis ( " MD & A " ) . 1