Investor Presentaiton
Reconciliation Between Adjusted and Reported GAAP Financials
Year to Date 2019 EBITDA
For the Twelve Months Ended December 31, 2019
Segments
($ in 000)
Performance
Materials
Technical
Nonwovens
Thermal Acoustical
Solutions
Total
Corporate
Office
Consolidated
Lydall
Net loss
Employee benefit plans settlement expenses
Interest expense
Income tax benefit
$ (70,513)
25,247
14,262
(6,416)
Other income, net
(1,257)
Income from equity method investment
Operating income (loss)
(148)
Depreciation and amortization
$ (59,804) $
25,118
22,895
12,702
$
23,590 $ (13,319)
10,168
47,988
Employee benefit plans settlement expenses
Other income, net
Income from equity method investment
SA
(25,506) $ (38,825)
635
48,623
25,247
25,247
(1,257)
(1,257)
(148)
EBITDA
% of net sales
(34,686)
$
35,745
33,758
$
(148)
34,817
(148)
$
(48,861) $ (14,044)
(14.1)%
14.0%
9.3 %
4.0 %
(1.7)%
Strategic initiatives expenses
$
$
$
1,456 $
1,456
TNW restructuring expenses
767
Impairment of goodwill and long-lived assets
64,206
CEO transition expenses
Reduction-in-force severance expenses
295
ཚི། |ལྔ
767
64,206
767
64,206
2,259
2,259
253
1,386
1,934
9
1,943
Employee benefit plans settlement expenses
25,247
25,247
Gain on sale from a divestiture
EBITDA, adjusted
29,815
% of net sales
12.1 %
36,765
14.4 %
35,144
$ 101,724
$
(1,459)
(21,349) $
(1,459)
80,375
9.7%
11.8 %
9.6%
Lydall
EBITDA is reported for Consolidated Lydall data and defined as Net Income before interest, taxes, depreciation, and amortization
Segment EBITDA is reported for each operating segment (Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions) and is defined as Operating Income net of depreciation and
amortization expenses, plus income/loss from equity method investments
USE OR DISCLOSURE OF INFORMATION CONTAINED ON THIS SHEET IS SUBJECT TO THE RESTRICTIONS ON THE TITLE SLIDE
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