Investor Presentaiton
Non-GAAP Reconciliations - 2023 Guidance
VISTRA CORP. - NON-GAAP RECONCILIATIONS 2023 GUIDANCE¹
VISTRA
(Unaudited) (Millions of Dollars)
Ongoing Operations
Asset Closure
Vistra Consolidated
Low
High
Low
High
Low
High
Net Income (loss)
1,050
1,510
(180)
(80)
870
1,430
Income tax expense
300
440
Interest expense and related charges (a)
710
710
Depreciation and amortization (b)
1,580
1,580
000
OOO
300
440
0
710
710
1,580
1,580
EBITDA before adjustments
3,640
4,240
(180)
(80)
3,460
4,160
Unrealized net (gain)/loss resulting from hedging transactions
(267)
(267)
(14)
(14)
Fresh start/purchase accounting impacts
6
6
Impacts of Tax Receivable Agreement
66
66
Non-cash compensation expenses
53
53
Transition and merger expenses
О
0
Winter storm Uri impacts (c)
Other, net
Adjusted EBITDA guidance
Interest paid, net
Tax (paid)/received (d)
Tax Receivable Agreement payments
Working capital and margin deposits
Accrued environmental allowances
(52)
(52)
(46)
(46)
4
Fooooot
(281)
(281)
6
6
66
66
53
53
O
O
(52)
(52)
4
(42)
(42)
3,400
4,000
(190)
(90)
3,210
3,910
(622)
(622)
(49)
(49)
(9)
(9)
479
479
434
434
20000
00000
(622)
(622)
(49)
(49)
(9)
(9)
479
479
434
434
Reclamation and remediation
(33)
(33)
(100)
(100)
(133)
(133)
Other changes in other operating assets and liabilities
17
17
(21)
(21)
(4)
Cash provided by (used by) operating activities
3,617
4,217
(311)
(211)
3,306
(4)
4,006
Capital expenditures including nuclear fuel purchases and LTSA
prepayments
(950)
(950)
Solar and storage development expenditures
(977)
(977)
Other growth expenditures
(159)
(159)
(Purchase)/sale of environmental allowances
(520)
(520)
Other net investing activities
Free cash flow
Working capital and margin deposits
Solar and storage development expenditures
Other growth expenditures
Accrued environmental allowances
Purchase/(sale) of environmental allowances
Transition and merger expenses
Transition capital expenditures
(20)
(20)
991
1,591
(479)
(479)
977
977
159
159
(434)
(434)
520
520
12
12
26
4
4
0
1,750
2,350
(285)
00000
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O O O O O
(950)
(950)
(977)
(977)
(159)
(159)
(520)
(520)
(20)
(20)
(211)
680
1,380
(479)
(479)
977
977
159
159
(434)
(434)
520
26
38
520
38
4
4
(185)
1,465
2,165
Adjusted Free Cash Flow before Growth
Footnotes on the following slide.
Vistra Investor Presentation/June 2023
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