Attached files
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| 8-K - FORM 8-K - GARDNER DENVER INC | d565218d8k.htm |
Exhibit 99.1
Certain Financial Information
GARDNER DENVER INC.
Pro Forma Adjusted EBITDA Reconciliation by Segment
Amounts in Millions
| For the Year Ended December 31, |
Historical Twelve Months Ended March 31, |
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| 2012 | 2013 | |||||||||||||||
| IPG | EPG | IPG | EPG | |||||||||||||
| Operating income |
134.4 | 238.3 | 148.7 | 207.6 | ||||||||||||
| Depreciation and amortization expense |
44.4 | 19.3 | 40.1 | 19.5 | ||||||||||||
| Less: Net income attributable to noncontrolling interests |
(1.2 | ) | — | (1.1 | ) | — | ||||||||||
| Other income, net |
1.8 | 1.7 | 2.0 | 1.7 | ||||||||||||
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| EBITDA |
179.5 | 259.3 | 189.6 | 228.7 | ||||||||||||
| Restructuring costs (A) |
14.8 | 3.9 | 4.1 | 2.2 | ||||||||||||
| Acquisition EBITDA |
— | — | — | — | ||||||||||||
| Non-cash purchase accounting adjustments |
3.4 | — | (0.6 | ) | — | |||||||||||
| Stock-based compensation expense |
2.8 | 2.6 | 2.8 | 2.3 | ||||||||||||
| Other employee termination and certain retirement costs |
1.1 | 1.3 | 1.5 | 1.5 | ||||||||||||
| Foreign currency (gains) / losses |
1.9 | 1.5 | 0.9 | 0.8 | ||||||||||||
| Pension and OPEB adjustment |
0.9 | 0.8 | 0.8 | 0.7 | ||||||||||||
| Sponsor or sponsor affiliates management fees |
— | — | — | — | ||||||||||||
| Other adjustments |
2.3 | 0.9 | 6.1 | 3.6 | ||||||||||||
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| Adjusted EBITDA |
206.6 | 270.3 | 205.4 | 240.0 | ||||||||||||
| Future cost savings illustratively pulled forward |
45.2 | — | 39.6 | — | ||||||||||||
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| Adjusted EBITDA Illustratively Pro Forma for Future Cost Savings |
251.9 | 270.3 | 245.0 | 240.0 | ||||||||||||
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| (A) | The Company continues to expect to incur $85-100 million of restructuring charges in connection with its European Restructuring. The expected timing of such charges has been delayed several months as a result of the proposed acquisition of the Company by Parent and on-going negotiations with works councils. As a result, the significant majority of restructuring charges expected to be incurred in 2013 are now expected to be incurred in 2014. |