Investor Presentaiton
Unaudited Pro Forma Segment EBITDA
Reconciliation of Segment Operating Profit (GAAP) to Pro Forma Segment EBITDA (Non-GAAP)
Year Ended December 31, 2014
Performance Materials
In millions
Segment operating profit (GAAP)
Depreciation and amortization
Segment EBITDA (Non-GAAP)
Performance Chemicals
In millions
Segment operating profit (GAAP)
Depreciation and amortization
Segment EBITDA (Non-GAAP)
Adjusted EBITDA (Non-GAAP) (B)
Pro Forma
Adjustments
Unaudited
Pro Forma
89.5 $
(2.6) (A)
86.9
9.9
9.9
$
99.4
$
96.8
Unaudited
Pro Forma
Pro Forma
Adjustments
$
123.8 $
(7.2) (A) $
22.4
$
146.2
$
245.6
116.6
22.4
$
139.0
$
235.8
(A) We have entered into agreements to obtain audit and certain compliance functions as a stand-alone public company as well as compensation agreements with certain members of our executive
team. Prior to the completion of the separation, we will also enter into agreements to obtain insurance coverage according to quotations we have received based on our individual loss history, credit
profile and selected insurance coverage. These expenses will represent recurring costs in excess of the amounts historically allocated to Ingevity.
(B) Adjusted EBITDA is the sum of Performance Materials and Performance Chemicals Segment EBITDA
968
IngevityView entire presentation