Investor Presentaiton
Non-GAAP Supplemental Information
Net Income to Adjusted Operating EBITDA Reconciliation
Net loss
Income tax (benefit) expense
Interest expense, net
Depreciation and amortization
EBITDA (1)
Stock-based compensation
Net gain on Port Lavaca South Yard property sale
ERP implementation
Professional fees related to management transition
Severance
Intangible asset impairment loss
Adjusted EBITDA(2)
Operating income margin
Impact of depreciation and amortization
Impact of stock-based compensation
Impact of net gain on Port Lavaca South Yard property sale
Impact of ERP implementation
Impact of professional fees related to management transition
Impact of severance
Impact of intangible asset impairment loss
Adjusted EBITDA margin(2)
Three months ended
December 31,
2023
2022
ORION
Year ended
December 31,
2023
2022
$ (4,365) $ (4,949) $ (17,875) $ (12,612)
(145)
33
330
429
3,972
1,510
11,556
4,352
6,996
5,631
23,878
24,057
6,458
2,225
17,889
16,226
209
639
2,042
2,754
(5,202)
568
308
1,378
1,867
1,118
683
4
809
948
6,890
6,890
$ 14,808
$ 3,176
$ 23,806
$ 22,913
(0.3)%
(1.8)%
(0.9)%
(1.1)%
3.5 %
2.9 %
3.3 %
3.2 %
0.1 %
0.3 %
0.3 %
0.4 %
-
- %
%
(0.7)%
—
- %
0.3 %
0.2 %
0.2 %
0.3 %
-
%
%
-
%
0.1 %
0.3 %
- %
0.1 %
0.2 %
3.4 %
%
1.0 %
%
7.3 %
1.6 %
3.3 %
3.1 %
⚫EBITDA is a non-GAAP measure that represents earnings before interest, taxes, depreciation and amortization.
•Adjusted EBITDA is a non-GAAP measure that represents EBITDA adjusted for stock-based compensation, net gain on Port Lavaca South Yard property sale, ERP implementation,
professional fees related to management transition, severance and intangible asset impairment loss. Adjusted EBITDA margin is a non-GAAP measure calculated by dividing
Adjusted EBITDA by contract revenues.
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