Benzinga

JUNE 14, 2023

The Transaction implies a multiple of less than 9x the projected forward Adjusted EBITDA and is immediately accretive, with DCF per share accretion in the mid-teens 4 , 5 , 6. The Dividend Equivalent Payment will be made on the later of the closing date of the Transaction and the date the dividend is paid to holders of Common Shares.

Dividends 40

Dividends Equity Finance EBITDA 40

Benzinga

APRIL 23, 2024

net principal debt-to-annualized EBITDA ratio for 1Q‘24 (vs. per share cash dividend declared _ (1) A reconciliation of GAAP net income to FFO is provided at the end of this press release. For the first quarter of 2024, ROIC's net principal debt-to-annualized EBITDA ratio was 6.4 per share cash dividend.

Dividends 40

Dividends Intangible Assets Start-ups EBITDA 40

Benzinga

OCTOBER 22, 2024

net principal debt-to-annualized EBITDA ratio for 3Q‘24 (vs. per share cash dividend declared _ (1) A reconciliation of GAAP net income to FFO is provided at the end of this press release. For the third quarter of 2024, ROIC's net principal debt-to-annualized EBITDA ratio was 6.3 per share cash dividend.

Dividends 40

Dividends Intangible Assets EBITDA Equity 40

Benzinga

FEBRUARY 15, 2023

net principal debt-to-annualized EBITDA ratio for 4Q‘22 (vs. per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. Additionally, ROIC's net principal debt-to-annualized EBITDA ratio for the fourth quarter of 2022 was 6.6

Dividends 40

Dividends EBITDA Intangible Assets Equity 40

Benzinga

AUGUST 12, 2024

Enhancing Financial Profile: Expected to be immediately accretive to adjusted net earnings per share 3 with significant further opportunities for Adjusted EBITDA margin 3 enhancement and revenue and cost synergies. million), reflects POWER's estimated 2024 pre-IFRS 16 adjusted EBITDA 3 at a multiple of 15.2x, or 12.5x

Equity Financing 45

Equity Financing EBITDA Finance Equity 45

Benzinga

AUGUST 1, 2024

The two companies are expected to generate a combined Ex-TAC Gross Profit of $660 - $680 million (1)(2) and Adjusted EBITDA of $180 - $190 million (1)(2) in 2024E. Adjusted EBITDA of at least $6 million (2) , above the upper end of the previously-issued guidance range of $1 - $4 million (2). The initial conversion price is $10.00

Debt Financing 40

Debt Financing EBITDA Finance Banking 40

Benzinga

MAY 3, 2022

Q1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 The effect of the series of transactions in the last couple of quarters as well as continued focus on operational cost resulted in sequential Adjusted EBITDA 8% greater than Q4 2021. Adjusted EBITDA. Equity Method Investment EBITDA.

EBITDA 40

EBITDA Equity Start-ups Marketability 40

Benzinga

NOVEMBER 2, 2022

million, respectively, results in a third quarter 2022 net debt to annualized adjusted EBITDA ratio of 7.0x. million of undrawn forward equity, the net debt to annualized adjusted EBITDA ratio would be 6.0x. As previously announced, the Board of Trustees declared a fourth quarter 2022 regular cash dividend of $0.13

Dividends 40

Dividends Equity Net Debt Finance 40

Equilest

MARCH 17, 2022

Strictly speaking, the result to be taken into account should be the free cash flow generated by the company, i.e. the cash flow actually available to a buyer to repay acquisition debt, through the distribution of dividends: this is the DCF method (for Discounted Cash-Flows), which is detailed below. EBITDA and EBIT). EBE and ENE.

Business Valuation 40

Business Valuation EBIT Discounted Cash Flow EBITDA 40

Musings on Markets

FEBRUARY 27, 2022

The last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again.

Start-ups 99

Start-ups Equity Book Value Marketability 99

Benzinga

JUNE 20, 2022

Combined Company targeting a low teen Adjusted EBITDA CAGR through 2023 from a 2021 base of $305 million 1. billion of Revenue and $305 million of Adjusted EBITDA in 2021 4. Combined Company Adjusted EBITDA. ($ in millions). Pro forma for the merger, Leonardo SpA and RADA shareholders will own approximately 80.5% 2,764. . .

Technology 40

Technology EBITDA Marketability Dividends 40

Musings on Markets

NOVEMBER 15, 2022

Venture capitalist, raised on a diet of big stories and total addressable markets has little in common with bankers, trained to think in terms of EV to EBITDA multiples and accounting ROIC, and when put in a room together, it should come as no surprise that they find each other's language indecipherable.

Start-ups 99

Start-ups Marketability Market Capitalization Technology 99

Class VI Partner

JULY 28, 2021

Buyers and sellers often disagree about what are truly one-time expenses (one of our favorite sayings is: “Life is a series of one-time events”), or what expenses a buyer should not expect to incur going forward (e.g., EBITDA Multiple EBITDA Multiple refers to the multiple of EBITDA used to determine a company’s enterprise value.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Benzinga

MAY 4, 2023

—Fifth Consecutive Quarter of Gross Margin Expansion— —Industry-Leading Operational Performance at Pre-Pandemic Levels— —34% Growth in Adjusted EBITDA Year-Over-Year— JASPER, Ind., Adjusted EBITDA of $15.4 Adjusted EBITDA of $15.4 Adjusted EBITDA increased year-over-year by 34% to $15.4 Net income of $5.7 million, up $3.9

EBITDA 40

EBITDA Marketability Dividends Equity 40