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GDI PRESS RELEASE For immediate release GDI Integrated Facility Services Inc. Releases its Financial Results for the Second Quarter Ended June 30 , 2021 ● Integrated Facility Services LaSalle , Quebec , August 9 , 2021 - GDI Integrated Facility Services Inc. ( " GDI " or the " Company " ) ( TSX : GDI ) is pleased to announce its financial results for its second quarter ended June 30 , 2021 . ● Q2 2021 revenue of $ 372.2 million - an increase $ 45.5 million , or 13.9 % , over Q2 2020 . Q2 2021 Adjusted EBITDA¹ of $ 33.0 million - an increase of $ 10.5 million , or 46.4 % , over Q2 2020 . Q2 2021 net income of $ 14.0 million or $ 0.61 per share compared with $ 13.5 million or $ 0.63 per share in the second quarter of 2020 . Excluding The BPAC Group Inc. acquisition , long - term debt , net of cash and bank indebtedness , decreased by $ 53.4 million between December 31 , 2020 and June 30 , 2021 . For the second quarter of 2021 : Revenue was $ 372.2 million , an increase of $ 45.5 million , or 13.9 % , over the second quarter of 2020. Organic revenue growth was 7.8 % and growth from acquisitions was 9.3 % , which were partially offset by a negative exchange rate effect of 3.2 % . ● Adjusted EBITDA¹ amounted to $ 33.0 million , an increase of $ 10.5 million , or 46.4 % , over the second quarter of 2020 . Net income was $ 14.0 million or $ 0.61 per share compared to $ 13.5 million or $ 0.63 per share in Q2 2020 . Long - term debt decreased from $ 189.6 million on March 31 , 2021 to $ 177.0 million on June 30 , 2021 , a decline of $ 12.6 million , while cash , net of bank indebtedness , also decreased by $ 2.5 million over the same period , totalling $ 10.1 million of reduction in long - term debt , net of cash and bank indebtedness . For the second quarters of 2021 and 2020 , the business segments performed as follows : ( in thousands of Canadian dollars ) Revenue Organic Growth ( Decline ) Adjusted EBITDA¹ Adjusted EBITDA Margin ¹ Janitorial Canada Janitorial USA 2021 2020 2021 2020 2021 2020 126,116 118,956 74,899 80,359 160,035 107,362 6.0 % ( 11.0 % ) 4.6 % ( 5.8 % ) 22.0 % ( 22.6 % ) 18,236 15,165 7,231 6,884 9,869 14.5 % 12.7 % 6.2 % 84 9.7 % 8.6 % Technical Services 0.1 % Complementary Services Consolidated 2021 2020 2021 2020 14,668 25,233 372,190 326,732 ( 41.9 % ) 34.2 % 7.8 % ( 9.8 % ) 577 4,289 33,013 22,544 3.9 % 17.0 % 8.9 % 6.9 % 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