Press Release: Primo Water Corporation Announces -5-
Press Release: Primo Water Corporation Announces -5-
新聞稿：Primo水務公司宣佈-5-
Percentage
change in
gross
profit
excluding
foreign
exchange 2.6 % 4.3 % -- % 3.0 %
(a) Impact of foreign exchange is the difference between the current period
revenue and gross profit translated utilizing the current period average
foreign exchange rates less the current period revenue and gross profit
translated utilizing the prior period average foreign exchange rates.
PRIMO WATER CORPORATION EXHIBIT 6
SUPPLEMENTARY INFORMATION - NON-GAAP - EARNINGS BEFORE INTEREST, TAXES,
DEPRECIATION & AMORTIZATION
(EBITDA)
(in millions of U.S. dollars, except
percentage amounts)
Unaudited
For the Three Months
Ended For the Nine Months Ended
October 2, September October 2, September 26,
2021 26, 2020 2021 2020
Net income
(loss) from
continuing
operations $18.1 $22.3 $(0.4) $(136.8)
Interest
expense, net 16.7 20.4 53.4 60.8
Income tax
expense
(benefit) 3.1 3.4 4.4 (1.3)
Depreciation
and
amortization 53.3 53.6 158.4 151.4
EBITDA $91.2 $99.7 $215.8 $74.1
Acquisition and
integration
costs (a) 2.6 3.3 6.3 28.4
Share-based
compensation
costs (b) 3.8 6.2 10.0 13.5
COVID-19 costs
(c) 0.8 1.6 2.0 18.4
Goodwill and
intangible
asset
impairment
charges (d) -- -- -- 115.2
Foreign
exchange and
other losses
(gains), net
(e) 5.7 (2.0) 4.6 3.2
Loss on
disposal of
property,
plant and
equipment, net
(f) -- 2.3 5.4 6.2
Loss on
extinguishment
of long-term
debt (g) -- -- 27.2 --
Gain on sale of
business (h) -- -- -- (0.6)
Other
adjustments,
net (i) 1.8 (0.5) 10.3 5.1
Adjusted EBITDA $105.9 $110.6 $281.6 $263.5
Revenue, net $550.8 $517.5 $1,555.3 $1,448.5
Adjusted EBITDA
margin % 19.2 % 21.4 % 18.1 % 18.2 %
For the Three Months For the Nine Months
Ended Ended
Location in
Consolidated
Statements of October September October September
Operations 2, 2021 26, 2020 2, 2021 26, 2020
(Unaudited) (Unaudited)
(a) Acquisition
and Acquisition and
integration integration
costs expenses $2.6 $ 3.3 $6.3 $ 28.4
Selling,
(b) Share-based general and
compensation administrative
costs expenses 3.8 6.2 10.0 13.5
Selling,
general and
(c) COVID-19 administrative
costs expenses 0.8 1.6 2.0 18.4
(d) Goodwill Goodwill and
and intangible intangible
asset asset
impairment impairment
charges charge -- -- -- 115.2
(e) Foreign
exchange and
other losses Other expense
(gains), net (income), net 5.7 (2.0) 4.6 3.2
(f) Loss on Loss on
disposal of disposal of
property, property,
plant and plant and
equipment, equipment,
net net -- 2.3 5.4 6.2
(g) Loss on
extinguishment
of long-term Other expense
debt (income), net -- -- 27.2 --
(h) Gain on
sale of Other expense
business (income), net -- -- -- (0.6)
(i) Other
adjustments, Other expense
net (income), net (0.9) (2.6) (1.4) (1.8)
Selling, general and
administrative expenses 2.7 2.1 11.7 6.5
Cost of sales -- -- -- 0.4
PRIMO WATER CORPORATION EXHIBIT 7
SUPPLEMENTARY INFORMATION - NON-GAAP - FREE CASH FLOW AND ADJUSTED FREE CASH
FLOW
(in millions of U.S. dollars)
Unaudited
For the Three Months Ended
October 2, 2021 September 26, 2020
Net cash provided by
operating activities from
continuing operations $ 83.4 $ 53.2
Less: Additions to property,
plant, and equipment (37.5) (21.4)
Free Cash Flow $ 45.9 $ 31.8
Acquisition and integration
cash costs 2.1 2.9
COVID-19 related cash costs 0.8 5.0
Deferred payroll tax related
cash costs - government
programs 0.3 (4.8)
Adjusted Free Cash Flow $ 49.1 $ 34.9
For the Nine Months Ended
October 2, 2021 September 26, 2020
Net cash provided by
operating activities from
continuing operations $ 171.7 $ 123.4
Less: Additions to property,
plant, and equipment (99.3) (85.0)
Free Cash Flow $ 72.4 $ 38.4
Acquisition and integration
cash costs 9.4 28.5
Transaction cash costs paid
on behalf of acquiree -- 13.4
COVID-19 related cash costs 2.3 15.2
Deferred payroll tax related
cash costs - government
programs 1.2 (14.0)
Adjusted Free Cash Flow $ 85.3 $ 81.5
PRIMO WATER
CORPORATION EXHIBIT 8
SUPPLEMENTARY INFORMATION-NON-GAAP-ADJUSTED NET INCOME AND ADJUSTED EPS
(in millions of
U.S. dollars,
except share
amounts)
Unaudited
For the Three Months Ended For the Nine Months Ended
October 2, September October 2, September
2021 26, 2020 2021 26, 2020
Net income
(loss) from
continuing
operations (as
reported) $ 18.1 $ 22.3 $ (0.4) $ (136.8)
Adjustments:
Amortization
expense of
customer lists 12.5 14.7 37.2 38.6
Acquisition and
integration
costs 2.6 3.3 6.3 28.4
Share-based
compensation
costs 3.8 6.2 10.0 13.5
COVID-19 costs 0.8 1.6 2.0 18.4
Goodwill and
intangible
asset
impairment
charges -- -- -- 115.2
Foreign exchange
and other
(gains) losses,
net 5.7 (2.0) 4.6 3.2
Loss on
extinguishment
of long-term
debt -- -- 27.2 --
Gain on sale of
business -- -- -- (0.6)
Other
adjustments,
net 1.8 (0.5) 10.3 5.1
Tax impact of
adjustments
(a) (8.9) (7.3) (24.0) (21.9)
Adjusted net
income from
continuing
operations $ 36.4 $ 38.3 $ 73.2 $ 63.1
Earnings Per
Share (as
reported)
----------------
Net income
(loss) from
continuing
operations $ 18.1 $ 22.3 $ (0.4) $ (136.8)
Basic EPS $ 0.11 $ 0.14 $ -- $ (0.89)
Diluted EPS $ 0.11 $ 0.14 $ -- $ (0.89)
Weighted average
common shares
outstanding (in
thousands)
Basic 160,481 160,101 160,892 153,723
Diluted 161,932 161,433 160,892 153,723
Adjusted
Earnings Per
Share
(Non-GAAP)
----------------
Adjusted net
income from
continuing
operations
(Non-GAAP) $ 36.4 $ 38.3 $ 73.2 $ 63.1
Adjusted diluted
EPS (Non-GAAP) $ 0.22 $ 0.24 $ 0.45 $ 0.41
Diluted weighted
average common
shares
outstanding (in
thousands)
(Non-GAAP) (b) 161,932 161,433 162,626 155,003
(a) The tax effect for adjusted net income is based upon an analysis of the
statutory tax treatment and the applicable tax rate for the jurisdiction in
which the pre-tax adjusting items incurred and for which realization of the
resulting tax benefit (if any) is expected. A reduced or 0% tax rate is
applied to jurisdictions where we do not expect to realize a tax benefit due
to a history of operating losses or other factors resulting in a valuation
allowance related to deferred tax assets.
(b) GAAP diluted weighted average common shares outstanding were used for the
three months ended October 2, 2021 and September 26, 2020. The nine months
ended October 2, 2021 and September 26, 2020 include the impact of dilutive
securities of 1,734 and 1,280, respectively. These dilutive securities were
excluded from GAAP diluted weighted average common shares outstanding due to
net loss from continuing operations reported in those periods.
百分比更改中毛收入利潤不包括國外Exchange 2.6%-4.3%--%3.0%(一)外匯影響是當期差額使用本期平均值換算的收入和毛利潤外匯匯率減去當期收入和毛利使用上期平均外匯匯率換算。Primo水務公司展品6補充信息-非GAAP-息税前收益折舊及攤銷(EBITDA)(單位：百萬美元，除百分比金額)未經審計在這三個月裏在截至的9個月內結束10月2日，9月10月2日，9月26日， 2021 26, 2020 2021 2020 淨收入(損失)來自繼續營運費$18.1$22.3$(0.4)$(136.8)利息費用，淨額16.7 20.4 53.4 60.8所得税費用(利益)3.1 3.4 4.4(1.3)折舊和攤銷53.353.6 158.4 151.4息税前利潤$91.2$99.7$215.8$74.1.收購和集成費用(A)2.6 3.3 6.3 28.4基於共享的補償成本(B)3.8 6.2 10.0 13.5新冠肺炎的成本 (c) 0.8 1.6 2.0 18.4 商譽和無形資產損傷收費(D)-115.2外國交換和其他損失(收益)，淨額 (e) 5.7 (2.0) 4.6 3.2 虧損發生在處置財產，植物和設備，網絡 (f) -- 2.3 5.4 6.2 虧損發生在滅火長期的債務(G)-27.2--出售的收益業務(H)-(0.6)其他調整，淨額(I)1.8(0.5)10.3 5.1調整後息税前利潤$105.9$110.6$281.6$263.5收入，淨額$550.8$517.5$1,555.3$1,448.5調整後的EBITDA利潤率%19.2%21.4%18.1%18.2%九個月中的三個月結束結束結束位置在整合10月、9月、10月、9月的報表運營2,2021 26,2020 2,2021 26,2020(未經審計)(未經審計)(A)收購以及收購和集成集成成本費用$2.6$3.3$6.3$28.4銷售，(B)以股份為本的一般及薪酬管理成本支出3.8 6.2 10.0 13.5銷售，一般和(三)新冠肺炎行政管理成本開支0.8 1.6 2.0 18.4(D)商譽商譽及無形的和無形的資產資產減值減值收費-115.2(E)外國交換和其他損失其他費用(收益)，淨(收入)，淨5.7(2.0)4.6 3.2(F)在以下情況下的虧損處置的處置財產，財產，植物和植物以及設備，設備，淨額--2.3、5.4、6.2(G)在以下情況下的損失滅火長期的其他費用債務(收入)，淨額-27.2--(H)取得進展銷售其他費用業務(收入)，淨額-(0.6)(I)其他調整，其他費用淨(收入)，淨(0.9)(2.6)(1.4)(1.8)銷售、一般和行政費用2.7 2.1 11.7 6.5銷售成本-0.4Primo水務公司展品7補充信息--非GAAP自由現金流和調整後的自由現金流量(單位：百萬美元)未經審計在截至的三個月內2021年10月2日2020年9月26日由以下公司提供的淨現金經營活動來自持續運營83.4美元53.2美元減去：房產的附加費，廠房和設備(37.5)(21.4)自由現金流$45.9$31.8收購和整合現金成本2.1 2.9新冠肺炎相關現金成本為0.85.0遞延工資税相關現金成本--政府計劃0.3(4.8)調整後的自由現金流49.1美元34.9美元在過去的9個月裏2021年10月2日2020年9月26日由以下公司提供的淨現金經營活動來自持續運營171.7美元123.4美元減去：房產的附加費，廠房和設備(99.3)(85.0)自由現金流$72.4$38.4收購和整合現金成本9.4 28.5支付的交易現金成本代表被收購方--13.4與新冠肺炎相關的現金成本為2.315.2遞延工資税相關現金成本--政府計劃1.2(14.0)調整後的自由現金流$85.3$81.5普里莫水公司展品8補充信息--非GAAP調整後淨收入和調整後每股收益(以百萬美元為單位美元，除共享外金額)未經審計截至本年度首九個月的三個月十月二日九月十月二日九月 2021 26, 2020 2021 26, 2020 淨收入(損失)來自繼續操作(AS$18.1$22.3$(0.4)$(136.8)調整：攤銷費用：客户列表12.5 14.7 37.2 38.6收購和集成成本2.6 3.3 6.3 28.4基於共享的補償成本3.8 6.2 10.0 13.5新冠肺炎售價0.8 1.6 2.0 18.4商譽和無形資產損傷收費-115.2外匯及其他(得)虧，淨額5.7(2.0)4.6 3.2虧損發生在滅火長期的債務-27.2--出售的收益業務-(0.6)其他調整，淨額1.8(0.5)10.3 5.1的税收影響調整 (a) (8.9) (7.3) (24.0) (21.9) 調整後的淨值從以下項目獲得的收入繼續運營費用$36.4$38.3$73.2$63.1每股收益共享(作為(已報道)---------------- 淨收入(損失)來自繼續營運費$18.1$22.3$(0.4)$(136.8)基本每股收益$0.11$0.14$--$(0.89)稀釋每股收益$0.11$0.14$--$(0.89)加權平均普通股未完成(In數千人)基本160,481 160,101 160,892 153,723稀釋161,932 161,433 160,892 153,723調整後的每股收益分享(非GAAP)---------------- 調整後的淨值從以下項目獲得的收入繼續運營(非公認會計準則)$36.4$38.3$73.2$63.1調整後稀釋每股收益(非GAAP)$0.22$0.24$0.45$0.41稀釋加權平均公約數股票未完成(In數千人)(非公認會計準則)(B)161,932 161,433 162,626 155,003(A)調整後淨收入的税務影響是根據對年法定税收待遇和司法管轄區適用税率税前調整項目發生了哪些，實現了哪些税前調整項目由此產生的税收優惠(如果有的話)是可以預期的。降低或0%的税率是適用於我們不期望實現應得税收優惠的司法管轄區與運營虧損或其他導致估值的因素有關與遞延税項資產相關的免税額。(B)已發行的GAAP稀釋加權平均普通股用於截至2021年10月2日和2020年9月26日的三個月。那九個月截至2021年10月2日和2020年9月26日，包括稀釋劑的影響證券分別為1734只和1280只。這些稀釋性證券被排除在GAAP稀釋加權平均已發行普通股之外，原因是這些期間報告的持續經營淨虧損。
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SOURCE Primo Water Corporation
水源普里莫水務公司
/CONTACT: Jon Kathol, Vice President, Investor Relations, Tel:813-313-1732, investorrelations@primowater.com
投資者關係部副總裁喬恩·卡索爾(Jon Kathol)電話：813-313-1732
譯文內容由第三人軟體翻譯。
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