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Investor Presentaiton

27 27 Q2 2022 Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA $US Dollars in thousands Three Months Ended June 30, Three Months Ended March 31, 2022 2021 2022 Net income (loss) $ 15,182 $ (31,960) $ (48,739) Income tax (benefit) expense 1,782 24,449 (20,209) Interest expense, net 81,494 84,887 79,219 Depreciation and amortization 110,788 127,945 114,051 EBITDA $ 209,246 $ 205,321 124,322 Loss (gain) on investments, net (9,590) (49,644) 1,765 Gain on extinguishment of debt (8,203) Other expense, net 2,175 363 270 Equity in loss of nonconsolidated affiliates 29 31 29 Impairment charges 245 1,334 Other operating expense, net 15,664 12,379 870 Share-based compensation 8,610 5,903 5,535 Restructuring expenses Adjusted EBITDA Adjusted EBITDA margin 19,009 10,155 11,093 $ 237,185 $ 184,508 $ 145,218 24.9% 21.4 % 17.2 % ¡Heart MEDIA
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