RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES
(Figures in Million of U.S. dollars (USD))
The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated:
|
|
Three months ended | ||||
|
|
Mar. 31, 2017 |
|
Dec. 31, 2016 |
|
Mar. 31, 2016 |
|
|
USD |
|
USD |
|
USD |
|
Operating profit |
34.7 |
|
16.8 |
|
16.5 |
|
Add: Depreciation |
21.9 |
|
23.0 |
|
25.7 |
|
Amortization |
- |
|
- |
|
- |
|
Interest income |
0.3 |
|
0.3 |
|
0.3 |
|
Less: Capital expenditures |
(37.3) |
|
(31.7) |
|
(28.0) |
|
Predecessors' interests under common control |
- |
|
(5.7) |
|
3.1 |
|
Interest expense |
(1.5) |
|
(1.3) |
|
(1.1) |
|
Income tax expense |
(4.0) |
|
4.0 |
|
(2.4) |
|
Dividend |
- |
|
(59.0) |
|
- |
|
Non-GAAP free cash flow |
14.1 |
|
(53.6) |
|
14.1 |
The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated:
|
|
Three months ended | ||||
|
|
Mar. 31, 2017 |
|
Dec. 31, 2016 |
|
Mar. 31, 2016 |
|
|
USD |
|
USD |
|
USD |
|
Operating profit |
34.7 |
|
16.8 |
|
16.5 |
|
Add: Depreciation |
21.9 |
|
23.0 |
|
25.7 |
|
Amortization |
- |
|
- |
|
- |
|
Non-GAAP EBITDA |
56.6 |
|
39.8 |
|
42.2 |
The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated:
|
|
Mar. 31, 2017 |
|
Dec. 31, 2016 |
|
Mar. 31, 2016 |
|
|
USD |
|
USD |
|
USD |
|
Short-term bank loans |
34.7 |
|
- |
|
41.3 |
|
Long-term bank loans (including current portion) |
352.5 |
|
353.8 |
|
255.4 |
|
Long-term lease obligations payable (including current portion) |
1.3 |
|
1.4 |
|
- |
|
Less: Cash and cash equivalents |
(384.9) |
|
(249.2) |
|
(436.3) |
|
Net debt |
3.6 |
|
106.0 |
|
(139.6) |
|
Equity attributable to equity holders of the Company |
606.0 |
|
535.7 |
|
626.0 |
|
Net debt to equity ratio |
0.6% |
|
19.8% |
|
-22.3% |
