Investor Presentaiton
Adjusted ACG EBITDA reconciliation
($'s in Millions)
(unaudited)
For the Trailing Twelve Months Ended August 31, 2018:
Revenues
Net Income
$152.0
(1.8)
Add:
Interest expense
16.6
Provision (benefit) for income taxes
(3.9)
Depreciation, depletion, and
15.4
amortization expense
$26.3
EBITDA
Add:
Other Adjustments
Adjusted EBITDA
Adjusted EBITDA Margin
5.7
$32.0
21.1%
"Adjusted ACG EBITDA" is defined as ACG's net income plus interest expense, income taxes, depreciation and amortization, and other one-time or non-
recurring expenses, including management fees, debt refinancing fees, and non-recurring professional fees. Adjusted ACG EBITDA is not a calculation
based on generally accepted accounting principles. The amounts included in the Adjusted ACG EBITDA calculation, however, are derived from amounts
included in the historical statements of operations data. In addition, Adjusted EBITDA should not be considered as an alternative to net income or operating
income as an indicator of ACG's operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe Adjusted ACG
EBITDA assists investors in comparing a company's performance on a consistent basis without regard to depreciation and amortization and other expenses,
which can vary significantly depending upon many factors.
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/ Moving Infrastructure Forward - Investor Presentation, November 2019
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