Playboy Mergers and Acquisitions Presentation Deck
ACQUISITION OF HONEY BIRDETTE
13
Honey Birdette Reconciliation of Estimated 2021 Net
Income to Adjusted EBITDA¹
($000s; unaudited)
Net Income
Income Tax
Depreciation and Amortization
Interest Expense, net
EBITDA
Adjustments
Non-Recurring Items
IFRS 16 Reversal3
Non-Operating Expenses
Transaction Expenses
Adjusted EBITDA
A
FA
FA
A
GA
GA
FA
+A
1) Honey Birdette's 2021 fiscal year ends as of June 30, 2021, and its actual results are expected to be reported following the closing of the acquisition
2) Honey Birdette's financial results are determined in Australian dollars pursuant to Australian IFRS accounting standards. The estimated results presented here have not been reconciled to US GAAP and reflect a conversion rate of AUD: USD of 0.76
3) Represents change in lease accounting standard
FY21E (USD)²
18,859
6,886
6,205
572
32,522
87
(5,035)
182
57
27,813
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