Shearman & Sterling LLP
Issue link: https://digital.shearman.com/i/1494417
Non-GAAP Financial Metrics (cont.) Financial Statements – The Basic Requirements 43 • Eliminating certain non-recurring items • Eliminating non-cash items • Fair value adjustments for foreign exchange Adjusted EBITDA • Synergies to materialise within the next 24 months • Annualised cost savings • Estimated cost savings • Full year effect of new stores or hotel openings • Impact of future personnel cuts Pro Forma Adjusted EBITDA