Q3 Fiscal 2019
Adjusted EBITDA: Q3 FY18 to Q3 FY19
Third quarter Adjusted EBITDA increase driven by addition of SUPERVALU
($'s in Millions)
$19
$391
$112
Q3 FY18
Adjusted
EBITDA
$(21)
Q3FY18 Estimate
Change Inventory
Accrual
$(7)
LIFO Charge
6
T Better Food. Better Future.
SVU Gross
Profit Excluding
LIFO Charge
Legacy UNFI
Gross Profit
(incremental)
$(361)
SVU Driven Incremental
Operating Expense Excluding
Depreciation/ Amortization
and Share Based Comp (2)
$35
Disc Ops
(3)
$168
Q3 FY19
Adjusted
EBITDA (¹)
(1) Adjusted EBITDA is defined as net income / (loss) plus provision for income taxes, depreciation and amortization, total other expense including interest), share based compensation
expense, and certain adjustments determined by management. See Reconciliation in appendix. (2) Depreciation / amortization increased $50 million and share based comp $1 million
compared to Q3 FY18 (3) Excludes Retail-related (Disc Ops) costs such as overhead and rent expense that are recorded in continuing operations.
UNFL
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