OCI Global Energy Transition Leadership
Reconciliation of Adjusted EBITDA and Adjusted Net Income
Reconciliation of Reported Operating Income to Adjusted EBITDA
million
Operating profit as reported
Depreciation, amortization and impairment
EBITDA
APM adjustments for:
Natgasoline
Unrealized result natural gas hedging
Unrealized result EUA derivatives
Provisions & other
Total APM adjustments at EBITDA level
Adjusted EBITDA
Q3 '23
Q3 '22
Comment
64.5
803.2
165.3
141.3
229.8
944.5
0.8
(24.8)
24.8
(26.8)
21.5
36.2
(2.2)
12.2
17.3
242.0
961.8
OCI's share of Natgasoline EBITDA
(Gain)/loss at OCIB, IFCO and the Netherlands
(Gain)/loss at OCIN
Global
OCIGI
Reconciliation of Reported Net Profit / (Loss) to Adjusted Net Profit / (Loss)
$ million
Reported net profit / (loss) attributable to shareholders
Q3 '23
(117.9)
Q3 '22
316.4
Adjustment in P&L
Adjustments for:
Adjustments at EBITDA level
Add back: Natgasoline EBITDA adjustment
12.2
(0.8)
Result from associate (unrealized gas hedging)
Forex (gain) loss on USD exposure
3.4
(14.9)
Expenses related to refinancing
Accelerated depreciation and impairments of PP&E
1.3
0.4
17.3
(24.8)
(6.2)
(8.6)
(Gain)/loss at Natgasoline
Finance income/expense
-
Finance expense
Depreciation & impairment
Derecognition of deferred tax asset
12.6
Non-controlling interests adjustment
Other adjustments
Tax effect of adjustments
Total APM adjustments at net profit / (loss) level
Adjusted net profit / (loss) attributable to shareholders
6.2
(34.1)
(22.5)
Income tax
Minorities
Finance income & expense / uncertain tax positions
2.7
19.2
Income tax
22.7
(59.3)
(95.2)
257.1
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