Moving Infrastructure Forward - Investor Presentation
Construction Products Segment
Add: Depreciation & amortization expense
Adjusted EBITDA
Adjusted EBITDA reconciliation by Arcosa Segment
LTM
Fiscal Years ended December 31,
$ Millions
Operating Profit
6/18
2017
2016
2015
$54.8
$53.7
$59.3
$50.4
$20.0
$18.4
$16.0
$15.6
$74.8
$72.1
$75.3
$66.0
Energy Equipment Segment
Operating Profit
$61.7
$78.4
$87.7
$8.4
Add: Depreciation & amortization expense
$30.2
$30.2
$31.7
$32.9
Add: Goodwill Impairment
$0.0
$0.0
$0.0
$89.5
Adjusted EBITDA
$91.9
$108.6
$119.4
$130.8
Transportation Products Segment
Operating Profit
$39.6
$39.0
$87.3
$197.7
Add: Depreciation & amortization expense
$17.0
$17.1
$17.9
$19.3
Adjusted EBITDA
$56.6
$56.1
$105.2
$217.0
Operating Profit - Corporate
($37.7)
($39.4)
($33.5)
($38.7)
Other, net expense
($3.5)
($1.6)
($3.6)
$1.4
Add: Interest expense
EBITDA
$0.0
$182.1
$0.0
$0.0
$0.4
$195.8
$262.8
$376.9
"Adjusted EBITDA" is defined as segment operating profit plus depreciation and amortization including goodwill impairment charges. "Adjusted EBITDA Margin" is defined as Adjusted EBITDA divided by Revenue. Since income taxes and interest expense are not allocated to the segment
level, they are not added back in the calculation of adjusted EBITDA. For a reconciliation of EBITDA to net income, see the accompanying EBITDA reconciliation. Adjusted EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the Adjusted
EBITDA calculation, however, are derived from amounts included in the historical statements of operations data. In addition, Adjusted EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative
to operating cash flows as a measure of liquidity. We believe adjusted EBITDA assists investors in comparing a company's performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the
Adjusted EBITDA measure presented in this presentation may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation.
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/ Moving Infrastructure Forward - Investor Presentation, October 2018
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