Diversified Subsidiary Companies Presentation slide image

Diversified Subsidiary Companies Presentation

Adjusted EBITDA Reconciliation by Segment - Year Ended December 31, 2023 ($Millions) Adjusted EBITDA: Food (1) Investment Energy Automotive Packaging Real Estate Home Fashion (1) (1) Pharma Holding Company Consolidated Net (loss) income Interest expense, net (1,353) 831 (6) 13 16 (6) (3) 52 12 1 (1) (504) 189 ($1,012) 253 Income tax expense (benefit) 189 (10) 4 (93) 90 Depreciation and amortization 363 81 25 13 7 28 1 518 EBITDA before non-controlling interests ($1,353) $1,435 $65 $54 $29 $2 $24 ($407) ($151) Impairment 7 7 Credit loss on related party note receivable 139 139 Loss on deconsolidation of subsidiary 246 246 Restructuring costs 1 1 (Gain) loss on disposition of assets, net (10) Transformation costs དྨེཝ (10) 41 41 Net (gain) loss on extinguishment of debt (13) (13) Out of period adjustments 10 10 Other 11 Adj. EBITDA before non-controlling interests ($1,353) $1,435 $113 $65 (1) $28 1 11 $3 $25 ($35) $281 Adjusted EBITDA attributable to IEP: Net (loss) income 46 Interest expense, net Income tax expense (benefit) - (701) 508 (6) 12 16 (6) (3) (504) ($684) 24 11 1 (1) 189 224 135 (10) 4 (93) 36 Depreciation and amortization 202 81 22 13 7 28 1 354 EBITDA attributable to IEP ($701) $869 $65 $49 $29 $2 $24 ($407) ($70) Impairment 7 7 Credit loss on related party note receivable 139 139 Loss on deconsolidation of subsidiary 246 246 Restructuring costs 1 1 (Gain) loss on disposition of assets, net Transformation costs (10) 41 (10) 41 Net (gain) loss on extinguishment of debt (13) (13) Out of period adjustments 10 10 Other 10 (1) 1 10 Adjusted EBITDA attributable to IEP ($701) $869 $113 $59 $28 $3 $25 ($35) $361 (1) The presentation of Adjusted EBITDA for "All Other Operating Segments" included in this presentation consists of results from our Food Packaging, Home Fashion, and Pharma segments. 23
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