Investor Presentaiton
Reconciliation of EBITDA and Adjusted EBITDA
Quarter ended
April 2,
2021
March 27,
2020
Net income attributable to Fresh Del Monte Produce Inc.
$
42.7
$
13.0
Interest expense, net
5.2
5.3
Provision for income taxes
11.0
0.3
Depreciation & amortization
23.8
23.6
Share-based comensation expense
1.6
2.6
EBITDA
$
84.3
$
44.8
Adjustments:
Other product-related charges (1)
1.6
SA
8.0
Asset impairment and other (credits) charges, net (2)
(0.9)
(1.8)
Gain on disposal of property, plant and equipment, net (3)
Other adjustments (4)
(2.7)
(0.2)
0.2
Adjusted EBITDA
$
82.3
51.0
Net sales
$
1,088.3
$
1,118.0
7.7%
4.0%
EBITDA margin (a)
(a) Calculated as EBITDA as a percentage of net sales.
Adjusted EBITDA margin (b)
(b) Calculated as Adjusted EBITDA as a percentage of net sales.
U.S. dollars in millions
7.6%
4.6%
APPENDIX
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