Northern Albian Project - near Fort McMurray, AB

Financial Performance

Goals

Churchill’s financial goal is to deliver consistently superior results and thus create value for our shareholders.

Results

Total Shareholder Return

Source: Toronto Stock Exchange

Churchill’s total shareholder return has greatly exceeded that of the S&P/TSX composite index over the past 5 years.

Contract Revenue and Contract Income Margin

Source: Corporate records

In 2010, contract revenue grew at a rate that more than offset a decline in contract income margin (contract income divided by contract revenue).

EBITDA and EBITDA Margin

Source: Corporate records

We controlled indirect costs in 2010, thereby helping to grow our EBITDA at a rate that more than offset a decline in EBITDA margin (EBITDA divided by contract revenue).

Earnings and Earnings Per Share (EPS)

Source: Corporate records

In 2010, we grew earnings and EPS, adding shareholder value while growing the company with the Seacliff acquisition.

Backlog and Contract Revenue

Source: Corporate records

We closed 2010 with backlog significantly higher than our annual contract revenue, providing visibility of our future contract revenue.

© The Churchill Corporation 2011. All rights reserved.Reviewed on Sep 20, 2011