Investor Presentaiton
NON-GAAP FINANCIAL MEASURES, CONTINUED
EBITDA FROM ACQUISITIONS and THE GLACIER SKYWALK
Year Ended December 31, 2017
GES
PURSUIT
Acquisitions¹
All Other
Total
Acquisitions²
Glacier
Skywalk
VIAD TOTAL
All Other
Total
Millions
Net Income Attributable to Viad
Net Income Attributable to Noncontrolling Interest
Loss from Discontinued Operations
Income Tax Expense
Net Interest Expense
Impairment Recoveries
Restructuring Charges
57.7
0.5
0.3
45.9
8.0
(29.1)
1.0
Corporate Activities & Eliminations
12.8
Segment Operating Income (Loss)
$
es
3.1 $
46.9
$
50.0
10.8
$
6.7
$
29.6
$
47.1
$
97.1
Segment Depreciation
Segment Amortization
9.7
10.7
16.8
26.4
6.9
0.4
8.7
16.1
42.5
0.1
10.8
1.5
0.1
1.6
12.4
FlyOver Iceland Start-up Costs
0.1
0.1
0.1
Acquisition Integration & Transaction Costs
0.2
0.2
0.2
0.2
0.4
0.5
Adjusted Segment EBITDA
$
23.6
$
63.8
$
87.4
$
19.5
7.1
38.6
65.2
$
152.6
Revenue
Adjusted Segment EBITDA Margin
$
133.2
17.7%
$
999.9
6.4%
$
1,133.1
7.7%
$
52.0
$
37.6%
7.9 $
90.0%
114.0
33.9%
$
173.9
37.5%
$
1,307.0
11.7%
1
Note - Amounts presented above do not reflect the retrospective adoption of ASU 2017-07, which Viad adopted on January 1, 2018. Certain amounts above may not total due to rounding.
GES acquisitions include: Blitz Communications, onPeak and N200 (all acquired in 2014), ON Services (acquired in August 2016) and Poken (acquired in March 2017).
2 Pursuit acquisitions include: the West Glacier Properties (acquired in 2014); Maligne Lake Tours (acquired in January 2016); CATC (acquired in March 2016); FlyOver Canada (acquired in December 2016) and Esja (acquired in November 2017).
FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES
We have also provided the following forward-looking non-GAAP financial measures: Adjusted Segment EBITDA and Adjusted Segment EBITDA Margin. We do not provide
reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures because, due to variability and difficulty in
making accurate forecasts and projections and/or certain information not being ascertainable or accessible, not all of the information necessary for quantitative
reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are available to us without unreasonable
efforts. Consequently, any attempt to disclose such reconciliations would imply a degree of precision that could be confusing or misleading to investors. It is probable that
the forward-looking non-GAAP financial measures provided without the directly comparable GAAP financial measures may be materially different from the corresponding
non-GAAP financial measures.
VIAD
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