Constellation Energy Market Performance
4
Non-GAAP Financial Measures Continued
This information is intended to enhance an investor's overall understanding of period over period financial results and provide an indication of Constellation's baseline
operating performance by excluding items that are considered by management to be not directly related to the ongoing operations of the business. In addition, this
information is among the primary indicators management uses as a basis for evaluating performance, allocating resources, setting incentive compensation targets and
planning and forecasting of future periods.
These non-GAAP financial measures are not a presentation defined under GAAP and may not be comparable to other companies' presentations. Constellation has provided
these non-GAAP financial measures as supplemental information and in addition to the financial measures that are calculated and presented in accordance with GAAP.
These non-GAAP measures should not be deemed more useful than, a substitute for, or an alternative to the most comparable GAAP measures provided in the materials
presented.
Non-GAAP financial measures are identified by the phrase "non-GAAP" or an asterisk (*). Reconciliations of these non-GAAP measures to the most comparable GAAP
measures are provided in the appendices and attachments to this presentation, except for the reconciliation for total gross margin, which appears on slide 41 of this
presentation.
Constellation.View entire presentation