Investor Presentaiton
EBITDA RECONCILIATION (CONSOLIDATED)
($ in millions)
YRCW Consolidated
Reconciliation of net income (loss) to adjusted EBITDA (a)
Net income (loss)
Interest expense, net
Income tax (benefit) expense
Depreciation and amortization
EBITDA
Adjustments for debt covenants:
(Gains) losses on property disposals, net
Letter of credit expense
Restructuring charges
Transaction costs related to the issuances of debt
Nonrecurring consulting fees
Permitted dispositions and other
Equity-based compensation expense
Amortization of ratification bonus
Non-union pension settlement charge
(Gain) loss on extinguishment of debt
(b)
Other, net
Adjusted EBITDA
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017
3Q 2017
3Q 2018
LTM 3Q 2017 LTM 3Q 2018
$
(83.6) $
163.8
(67.7) $
149.5
0.7 $
107.1
21.5 $
103.0
(10.8)
102.4
$
3.0 $
2.9
$
(10.8) $
(4.8)
25.9
26.2
102.1
102.9
(45.9)
(16.1)
(5.1)
3.1
(7.3)
0.9
4.7
0.1
(5.5)
172.3
163.6
163.7
159.8
147.7
36.7
34.9
151.3
146.9
$
206.6 $
229.3 $
266.4 $
287.4 $
232.0
$
66.5 $
68.7
$
242.7 $
239.5
(2.2)
(11.9)
1.9
(14.6)
(0.6)
33.9
12.1
8.8
7.7
6.8
12.0
4.2
0.2
3.1
189
1.3
1.7
0.3
8.1
6.7
3737
1.9
1.6
0.5
090
(0.4)
4.1
6.8
6.7
0.3
2.3
8.9
1.4
5.1
2.0
5.2
7342
1.7
1.8
0.4
3.0
1.2
0.3
(0.4)
2.3
0.4
5.8
14.3
8.5
7.3
6.5
1.3
0.7
6.6
6.7
15.6
18.9
4.6
28.7
7.6
7.2
14.8
(11.2)
0.6
$
(2.9)
254.9 $
(9.7)
(6.2)
2.1
9.5
3.3
2.0
6.2
8.1
244.5 $
333.3 $
297.5 $
274.2
$
81.4 $
84.2
$
273.4 $
289.2
(a) Certain reclassifications have been made to prior years to conform to current year presentation
(b) As required under our Term Loan Agreement, Other, net, shown above consists of the impact of certain items to be included in Adjusted EBITDA
YRC WORLDWIDE INVESTOR PRESENTATION
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