Harbor Custom Development Investor Presentation Deck
HARBOR CUSTOM DEVELOPMENT, INC. AND SUBSIDIARIES
D/B/A HARBOR CUSTOM HOMES
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA (Unaudited)
Net Income (Loss)
Interest Expense - Cost of Sales
Interest Expense - Other
Depreciation
Amortization
Tax Expense (Benefit)
EBITDA
Stock compensation
Other non-recurring costs
Total Add backs
Adjusted EBITDA
$
HARBOR CUSTOM DEVELOPMENT | INVESTOR DECK
For the Three Months Ended
March 31,
2023
(4,861,800) $
310,700
1,207,100
95,000
2,400
(1,277,500)
(4,524,100) $
83,400
5,000
88,400
(4,435,700) $
2022
1,645,3 00
922,700
124,500
303,800
800
508,500
3,505,600
242,400
150,200
392,600
3,898,2 00
1) EBITDA is defined as consolidated net income (loss) before interest, taxes, depreciation, and amortization.
2)Adjusted EBITDA is defined as consolidated net income (loss) before interest, taxes, depreciation, and amortization, equity-based
compensation expense and other non-recurring costs, which are deemed to be transitional in nature or not related to our core operations.
3) Adjusted EBITDA margin is Adjusted EBITDA as a percentage of sales.
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