Investor Presentaiton
3
Use of Non-GAAP Financial Measures
THIS PRESENTATION AND RELATED MANAGEMENT COMMENTARY CONTAIN CERTAIN FINANCIAL MEASURES THAT ARE NOT PRESENTED IN ACCORDANCE
WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), INCLUDING ADJUSTED TITLE SEGMENT INVESTMENT INCOME AND AN ADJUSTED DEBT TO
CAPITALIZATION RATIO. THE COMPANY IS PRESENTING THIS NON-GAAP FINANCIAL MEASURE BECAUSE IT PROVIDES THE COMPANY'S MANAGEMENT AND
INVESTORS WITH ADDITIONAL INSIGHT INTO THE FINANCIAL LEVERAGE, OPERATIONAL EFFICIENCY AND PERFORMANCE OF THE COMPANY RELATIVE TO
EARLIER PERIODS AND RELATIVE TO THE COMPANY'S COMPETITORS. THE COMPANY DOES NOT INTEND FOR THIS NON-GAAP FINANCIAL MEASURE TO BE
A SUBSTITUTE FOR ANY GAAP FINANCIAL INFORMATION. IN THIS PRESENTATION, THIS NON-GAAP FINANCIAL MEASURE HAS BEEN PRESENTED WITH, AND
RECONCILED TO, THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES. INVESTORS SHOULD USE THIS NON-GAAP FINANCIAL MEASURE ONLY IN
CONJUNCTION WITH THE COMPARABLE GAAP FINANCIAL MEASURE. BECAUSE NOT ALL COMPANIES USE IDENTICAL CALCULATIONS, THE PRESENTATION
OF THIS NON-GAAP MEASURE MAY NOT BE COMPARABLE TO OTHER SIMILARLY TITLED MEASURES OF OTHER COMPANIES.
22 SQUARE PEDESTAL
24% SQUARE PEDESTAL
35 SOLARE PEDESTAL
AMERICA
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