Engineering a Cleaner, Healthier World
Non-GAAP Reconciliations
Modine Manufacturing Company
Segment adjusted financial results (unaudited)
(In millions)
Twelve months ended March 31, 2023
Twelve months ended March 31, 2022
Climate
Performance
Corporate and
Climate
Performance
Corporate and
Solutions
Technologies
eliminations
Total
Solutions
Technologies
eliminations
Total
Operating income
$ 124.1
$
65.6
$
(39.3) $ 150.4
$ 73.4
$
77.4
$
(31.6)
$
119.2
Depreciation and amortization expense
21.7
31.8
1.0
54.5
23.6
29.9
1.3
54.8
Restructuring expenses
(a)
2.2
2.8
5.0
2.2
21.9
24.1
(a)
Environmental charges
(a)
Impairment charges (reversals) – net (a)
Loss on sale of assets
-
0.3
(56.0)
(55.7)
6.6
6.6
2.2
2.2
3.8
3.8
Strategic reorganization and automotive exit costs
Adjusted EBITDA
(a)
6.0
6.0
$ 148.0
$
100.2
$
(36.1) $ 212.1
$ 99.5
$
73.2 $
(13.9) $ 158.8
Net sales
$ 1,011.9
$
1,316.2
$
Adjusted EBITDA margin
14.6%
7.6%
(30.2) $ 2,297.9
9.2%
$ 910.5
$
10.9%
1,172.4 $
6.2%
(32.8) $ 2,050.1
7.7%
(a)
See the Adjusted EBITDA reconciliation on the previous two slides for information on restructuring expenses and other adjustments.
MODINE
Engineering a Cleaner, Healthier World
30View entire presentation