Investor Presentaiton
Reconciliation of Non-GAAP Financial Measures to
Reported Financial Measures (in millions)
CONAGRA
BRANDS.
Net Debt
Net income attributable to Conagra Brands, Inc.
Add Back:
Income tax expense
Income tax expense attributable to noncontrolling interests
Interest expense, net
Depreciation
Amortization
Earnings before interest, taxes, depreciation, and amortization (EBITDA)
Restructuring plans 1
Acquisitions and divestitures
Corporate hedging losses
Pension settlement and valuation adjustment
Impairment of businesses held for sale
Inventory fair value mark-up rollout
Gain on divestiture of businesses
Fair value adjustment of cash settleable equity awards issued in connection with Pinnacle
acquisition
Legal matters
Environmental matters
Q3 FY20 LTM³
$
9,919.3
765.2
213.3
0.5
492.7
332.9
60.0
EA
$
1,864.6
119.9
5.9
7.2
2.4
59.0
1.7
(54.5)
3.5
(40.6)
6.6
Contract settlement gain
Intangible impairment charges
2
Gain on Ardent JV asset sale
Adjusted EBITDA
Net Debt to Adjusted LTM EBITDA
1. Excludes comparability items related to depreciation.
-23
Excludes comparability items attributable to noncontrolling interests.
2.
3.
Last twelve months
(11.9)
105.8
(4.2)
$
2,065.4
4.8
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