Investor Presentaiton
Reconciliation of Adjusted Segment EBITDA
($'s in millions)
Construction Products
Operating Profit
Add: Depreciation, depletion, and amortization expense (1)
Segment EBITDA
Add: Impact of acquisition and divestiture-related expenses (2)
Add: Impairment charge
Less: Benefit from reduction in holdback obligation
Adjusted Segment EBITDA
Adjusted Segment EBITDA Margin
Engineered Structures
Operating Profit
Add: Depreciation and amortization expense (1)
Segment EBITDA
Add: Impact of acquisition and divestiture-related expenses (2)
Add: Impairment charge
Less: Gain on sale of storage tanks business
Adjusted Segment EBITDA
Three Months Ended
September 30,
2023
2022
Twelve Months
Ended September 30,
2023
2022
2021
Twelve Months Ended
December 31,
2020
2019
2018
$ 30.3
$
27.6
$
28.4
26.3
138.3
108.6
$ 96.5
$
102.7
83.2
88.7
$
74.7
$
52.7
$ 50.4
60.1
38.0
21.9
58.7
53.9
246.9
199.2
171.9
134.8
90.7
72.3
7.6
2.9
1.4
0.8
0.8
(5.0)
58.7
$
53.9
$
241.9
22.4 %
22.1 %
24.6 %
$ 199.2
21.6 %
$ 179.5
$
138.5
$
92.1
73.1
22.5 %
23.3 %
20.9 %
25.0 %
$ 18.7
$
37.1
270.4
$ 307.0
88.0
$
80.2
100.7
$
28.6
6.7
8.1
26.1
30.5
33.1
31.5
27.9
29.7
25.4
45.2
296.5
337.5
121.1
111.7
128.6
58.3
0.6
0.6
1.0
2.8
2.9
1.3
23.2
(195.4)
$ (189.0)
$
25.4
11.4 %
$
45.8
$
101.1
$ 149.1
$ 125.0
$
115.8
$
128.6
$
81.5
16.5 %
12.0 %
14.9 %
13.4 %
13.2 %
15.4 %
10.4 %
Adjusted Segment EBITDA Margin
Transportation Products
Operating Profit
Add: Depreciation and amortization expense (1)
Segment EBITDA
Add: Impact of acquisition and divestiture-related expenses (2)
14.1
$
1.0
$
40.1
$ 11.5
$ 6.4
$
54.6
$
46.8
48.4
4.1
3.9
16.1
15.8
17.8
18.0
16.3
15.5
18.2
4.9
56.2
27.3
24.2
72.6
63.1
63.9
0.6
5.0
Add: Impairment charge
Adjusted Segment EBITDA
$
18.2
4.9
56.2
27.3
24.2
77.6
63.7
63.9
Adjusted Segment EBITDA Margin
17.0 %
5.9 %
14.1 %
8.6 %
7.9 %
16.6 %
13.7 %
16.3 %
Operating Loss - Corporate
$ (14.7)
$ (16.7)
$
(66.2)
$ (66.0)
$ (70.3)
$
Add: Impact of acquisition and divestiture-related expenses - Corporate (2)
0.5
1.6
6.8
10.4
11.5
(57.7)
4.6
$
(47.3)
$
(32.5)
Add: Legal settlement
-
-
8.7
-
Add: Corporate depreciation expense
Adjusted EBITDA
5.2
5.1
$ 325.1
(1) Includes the impact of the fair value markup of acquired long-lived assets, subject to final purchase price adjustments.
(2) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired inventory, advisory and professional fees, integration, separation, and other transaction costs.
1.3
89.4
1.3
$
90.8
4.7
4.9
3.6
345.0
$ 283.3
$
283.7
240.7
0.5
$ 186.5
32 MOVING INFRASTRUCTURE FORWARD | 2023
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