Investor Presentaiton slide image

Investor Presentaiton

Reconciliation of Adjusted Segment EBITDA ($'s in Millions) (unaudited) Three Months Ended September 30, 2019 2018 Nine Months Ended September 30, 2019 2018 27 Construction Products Revenues Last Twelve Months Year Ended September 30, December 31, 2019 2018 $ 115.9 $ 72.6 $ 337.5 $ 226.7 $ 403.1 $ 292.3 Operating Profit 16.5 15.3 45.3 45.3 50.4 50.4 Add: Depreciation, depletion, and amortization expense 9.7 5.2 27.5 15.4 34.0 21.9 Segment EBITDA 26.2 20.5 72.8 60.7 84.4 72.3 Add: Impact of the fair value mark up of acquired inventory 1.4 2.2 0.8 Adjusted Segment EBITDA Adjusted Segment EBITDA Margin Energy Equipment Revenues $ 26.2 22.6% $ 20.5 28.2% 74.2 $ 22.0% 60.7 26.8% $ 86.6 21.5% $ 73.1 25.0% $ 210.2 $ 198.4 $ 623.6 $ 573.1 $ 830.6 $ 780.1 Operating Profit Add: Depreciation and amortization expense Segment EBITDA Add: Impairment Charge 26.6 (13.2) 79.8 12.5 95.9 28.6 6.9 7.4 21.2 22.6 28.3 29.7 33.5 (5.8) 101.0 35.1 124.2 58.3 23.2 23.2 23.2 Adjusted Segment EBITDA $ 33.5 $ Adjusted Segment EBITDA Margin 15.9% 17.4 8.8% $ 101.0 16.2% $ 58.3 10.2% $ 124.2 $ 81.5 15.0% 10.4% Transportation Products Revenues $ 120.6 $ 108.5 $ 333.4 $ 289.3 $ 435.5 $ 391.4 Operating Profit 11.2 13.5 32.1 35.2 45.3 48.4 Add: Depreciation and amortization 4.3 4.2 12.0 11.7 15.8 15.5 expense Segment EBITDA 15.5 17.7 44.1 46.9 61.1 63.9 Add: Impact of the fair value mark up of acquired inventory 0.4 0.6 0.6 Adjusted Segment EBITDA $ 15.9 $ 17.7 $ 44.7 $ 46.9 $ 61.7 $ 63.9 Adjusted Segment EBITDA Margin 13.2% 16.3% 13.4% 16.2% 14.2% 16.3% Operating Profit - All Other $ Operating Profit - Corporate (11.5) $ (0.1) (9.1) $ (34.8) $ (0.1) (24.7) $ $ (0.1) Eliminations Corporate Depreciation (42.2) (0.3) (32.1) (0.3) Adjusted EBITDA $ 0.8 64.9 2.5 3.0 0.5 $ 46.4 $ 187.6 $ 141.1 $ 233.0 $ 186.5 / Moving Infrastructure Forward - Investor Presentation, November 2019 "Segment EBITDA" is defined as segment operating profit plus depreciation, depletion, and amortization. GAAP does not define Segment EBITDA and it should not be considered as an alternative to earnings measures defined by GAAP, including segment operating profit. We use this metric to assess the operating performance of our businesses, as a metric for incentive-based compensation, and as a basis for strategic planning and forecasting as we believe that it closely correlates to long-term shareholder value, and we believe this metric also assists investors in comparing a company's performance on a consistent basis without regard to depreciation, depletion, and amortization, which can vary significantly depending on many factors. We adjust Segment EBITDA for certain non-routine items ("Adjusted Segment EBITDA") to provide a more consistent comparison of earnings performance from period to period, which we also believe assists investors in comparing a company's performance on a consistent basis. "Adjusted Segment EBITDA Margin" is defined as Adjusted Segment EBITDA divided by Revenues. ARCOSA
View entire presentation