Appendix to Fiven 2021 Annual report - Alternative Performance Measures (APMs) An APM is defined as a financial measure of historical or future financial performance, financial An APM is defined as a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework (IFRS). Fiven uses EBITDA and Adjusted EBITDA (EBITDA Adj.) to measure operating performance at the group and segment level. In particularly management regards EBITDA and Adjusted EBITDA as relevant performance measures at segment level because intangible assets, income tax and finance expenses/ finance income, are managed on a group basis. The APMs presented herein are not measurements of performance under IFRS or other generally accepted accounting principles and should not be considered as a substitute for measures of performance in accordance with IFRS. Because companies calculate the APMs presented herein differently, Fiven’s presentation of these APMs may not be comparable to similarly titled measures used by other companies. Fiven’s financial APMs defined: EBITDA Earnings Before Interest, Tax, Depreciation and Amortization. EBITDA is a measure of the Group`s operating profit according to IFRS definitions before depreciation and amortization. Adj. EBITDA Adj. EBITDA shows the Group’s EBITDA before items that require special explanation and is defined as reported EBITDA before “Other income and expenses” (OIE). OIE include one-off and non-recurring operating expenses. The adj. EBITDA is the Group`s key financial figure, internally and externally. The figure is used to identify and analyze the Group’s operating profitability from normal operations and operating activities, excluding the effects from depreciation and amortization. Please note that the definition of Adj. EBITDA has been altered as of the second quarter 2021 as the definition no longer deducts the positive effect to EBITDA from IFRS 16. Further, please note that the measure does not cap other non-recurring costs as according to the bond terms of 12.5%. Consequently, there is a discrepancy between the Adj. EBITDA measure and the EBITDA reported as per Fiven’s bond terms (i.e., the one reported to the Bond Trustee). Fiven Annual Report 2021 96 Alternative Performance Measures
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