Fertiglobe Financial Overview
Reconciliation of Adjusted EBITDA and Adjusted Net Profit
9M 2021
Adjustment in P&L
708.3
202.1
910.4
Reconciliation of reported operating profit to adjusted EBITDA
$ million
Operating profit as reported
Depreciation and amortization
EBITDA
APM adjustments for:
Movement in provisions
Insurance recovery
Total APM adjustments
Adjusted EBITDA
Q3 2022
549.2
Q3 2021
311.3
60.1
65.8
9M 2022
1,814.0
184.9
609.3
377.1
1,998.9
(6.4)
5.0
(7.5)
(3.0)
(3.0)
(3.0)
(6.4)
2.0
(7.5)
606.3
370.7
2,000.9
902.9
Reconciliation of reported net profit to adjusted net profit
$ million
Reported net profit attributable to shareholders
Adjustments for:
Cost of sales
Other income
Q3 2022
291.6
Q3 2021
137.7
9M 2022
1,077.6
9M 2021
336.2
Adjustment in P&L
Adjustments at EBITDA level
Accelerated depreciation
Forex loss/(gain) on USD exposure
Other financial expense
Non-controlling interest adjustment
Tax effect of adjustments
(3.0)
(6.4)
2.0
(7.5)
9.2
Depreciation
Finance income and expense
39.4
(5.5)
6.4
(11.8)
0.3
10.0
Finance expense
Uncertain tax positions/minorities
(37.6)
32.4
(6.1)
36.4
0.8
0.8
(2.2)
Taxes
Total APM adjustments at net profit level
(0.1)
20.5
13.1
24.1
Adjusted net profit attributable to shareholders
291.5
158.2
1,090.7
360.3
Fertiglobe
An ADNOC and OCI Company
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