Session 01 · EBITDA
You're the CFO. Build your Adjusted EBITDA bridge from the add-backs below. Every line will face analyst scrutiny — include only what you think survives.
GAAP EBITDA
$85m
7.1% margin · 8x = $680m EV
Your Adjusted
$85m
7.1% margin · 8x = $680m EV
No add-backs selected yet
Choose your add-backs — tap ⓘ for detail
Restructuring charges
+$8m · Recurring one-offs
Share-based compensation (SBC)
+$6m · Non-cash but dilutive
M&A transaction & integration costs
+$4m · Deal costs
Run-rate synergy savings (unrealised)
+$10m · Future savings
Mark-to-market losses on FX derivatives
+$5m · Unrealised FX
"Normalised" revenue from weather / disruption
+$4m · Phantom revenue
Insurance proceeds net of asset write-downs
+$7m · Insurance / impairment
Loss on disposal of businesses and assets
+$3m · Disposal losses
Litigation and legal settlement costs
+$2m · Legal costs
Equity method investment adjustments
+$2m · Adj. on adj.