Alternative Performance Measures

Arbonia uses alternative performance measures (APM) as guidance measures for both internal reporting to management and external reporting to stakeholders. The APM used by Arbonia have not been prepared in accordance with IFRS accounting policies and are discussed in detail below. The APM serve as supplementary information components and should therefore always be read and interpreted in conjunction with the consolidated financial statements prepared in accordance with IFRS. The APM used by Arbonia do not necessarily agree with the same or similar titled measures of other or comparable companies.

EBITDA without one-time effects / adjusted

The elimination of one-time effects provides an adjusted and thus better comparable presentation of the operating result over time. Discontinued operations as defined by IFRS 5 are not included. The following one-time effects are eliminated by Arbonia:

Costs resulting from creation of provisions or income resulting from reversal of provisions for restructurings and reorganisation as well as closure costs
Ramp-up costs for new production sites
Consultancy and integration costs from acquisitions
Consultancy costs with greater cost implications for acquisitions that did not materialise
Consultancy costs from disposal of subsidiaries
Gains and losses from sale of properties and associated companies
Real estate development costs
Costs in connection with personnel changes / leave of absence in Group and Division management

EBITA without one-time effects / adjusted

Impairments
Reversal of impairments

EBIT without one-time effects / adjusted

Impairments on intangible assets from acquisitions

Group result before income tax without one-time effects / adjusted

Impairments and reversal of impairments on loans granted

Group result after taxes without one-time effects / adjusted

Tax effect on one-time effects
Tax consequences from disposal of subsidiaries

Acquisition and currency adjusted growth (organic growth)

Acquisition and currency adjusted growth excludes effects from acquisitions and disposals of companies and currency effects.

In the acquisition adjusted growth, revenues of the acquired companies are eliminated in the year of acquisition. For companies acquired in the previous year, revenues of the current year are included for the same period as in the previous year. Discontinued operations within the meaning of IFRS 5 are eliminated.

In the currency adjusted growth, revenues of the current year in the functional currency of the respective company are translated at the average exchange rates of the same previous year period.

Net debt

Current and non-current financial debts plus current and non-current lease liabilities minus cash and cash equivalents

Leverage ratio

Net debt divided by EBITDA

Free cash flow

Cash flow from operating and investing activities

Operational free cash flow

Cash flow from operating and investing activities without acquisitions / disposals of subsidiaries / financial assets and expansion capital expenditures

Capital expenditures

Maintenance and expansion capital expenditures

Reconciliation Group and Divisions from IFRS-result to result without one-time effects / Adjusted

in 1 000 CHF		2024
		IFRS	%	Consultancy and integration costs from acquisitions	Costs for restructurings and reorganisation	Gain on sale of investment property	Costs in connection with changes in Group management	Tax effects on one-time effects	without one-time effects/ adjusted	%
Doors	EBITDA	48 573	8.8	474	2 150				51 197	9.2
	EBITA	17 319	3.1						19 943	3.6
	EBIT	1 288	0.2						3 912	0.7
Corporate Services	EBITDA	17 698		773	64	– 28 777	737		– 9 505
	EBITA	15 624							– 11 579
	EBIT	15 624							– 11 579
Group	Net revenues	556 308	100.0						556 308	100.0
	Other operating income	36 353	6.5			– 28 777			7 576	1.4
	Capitalised own services	5 185	0.9						5 185	0.9
	Changes in inventories of semi-finished and finished goods	– 615	– 0.1						– 615	– 0.1
	Cost of material and goods	– 215 957	– 38.8						– 215 957	– 38.8
	Personnel expenses	– 209 702	– 37.7		1 548		737		– 207 417	– 37.3
	Other operating expenses	– 105 301	– 18.9	1 247	666				– 103 388	– 18.6
	EBITDA	66 271	11.9						41 692	7.5
	Depreciation, amortisation and impairments	– 33 328	– 6.0						– 33 328	– 6.0
	EBITA	32 943	5.9						8 364	1.5
	Amortisation of intangible assets from acquisitions	– 16 032	– 2.9						– 16 032	– 2.9
	EBIT	16 912	3.0						– 7 668	– 1.4
	Financial income	4 736	0.9						4 736	0.9
	Financial expenses	– 13 500	– 2.4						– 13 500	– 2.4
	Group result before income tax	8 148	1.5						– 16 431	– 3.0
	Income tax expense	– 5 400	– 1.0					3 193	– 2 207	– 0.4
	Group result from continuing operations	2 748	0.5						– 18 638	– 3.4

Presentation of the respective one-time effects on the immediate result line without disclosure of the impact on the subsequent line items.

Reconciliation Group and Divisions from IFRS-result to result without one-time effects / Adjusted

in 1 000 CHF		2023
		IFRS	%	Consultancy and integration costs from acquisitions	Costs for restructurings and reorganisation	Various	Tax effects on one-time effects	without one-time effects/ adjusted	%
Doors	EBITDA	39 138	7.8	203	1 956	88		41 385	8.3
	EBITA	12 610	2.5					14 857	3.0
	EBIT	1 010	0.2					3 257	0.6
Corporate Services	EBITDA	– 7 288						– 7 288
	EBITA	– 9 753						– 9 753
	EBIT	– 9 753						– 9 753
Group	Net revenues	504 605	100.0					504 605	100.0
	Other operating income	8 539	1.7					8 539	1.7
	Capitalised own services	5 755	1.1					5 755	1.1
	Changes in inventories of semi-finished and finished goods	– 4 777	– 0.9					– 4 777	– 0.9
	Cost of material and goods	– 199 691	– 39.6					– 199 691	– 39.6
	Personnel expenses	– 186 155	– 36.9		1 956	88		– 184 111	– 36.5
	Other operating expenses	– 96 390	– 19.1	203				– 96 187	– 19.1
	EBITDA	31 886	6.3					34 133	6.8
	Depreciation, amortisation and impairments	– 28 993	– 5.7					– 28 993	– 5.7
	EBITA	2 893	0.6					5 140	1.0
	Amortisation of intangible assets from acquisitions	– 11 600	– 2.3					– 11 600	– 2.3
	EBIT	– 8 707	– 1.7					– 6 460	– 1.3
	Financial income	322	0.1					322	0.1
	Financial expenses	– 15 489	– 3.1					– 15 489	– 3.1
	Group result before income tax	– 23 874	– 4.7					– 21 627	– 4.3
	Income tax expense	9 782	1.9				– 566	9 216	1.8
	Group result from continuing operations	– 14 092	– 2.8					– 12 411	– 2.5

Presentation of the respective one-time effects on the immediate result line without disclosure of the impact on the subsequent line items.

Accesskeys

Alternative Performance Measures

EBITDA without one-time effects / adjusted

EBITA without one-time effects / adjusted

EBIT without one-time effects / adjusted

Group result before income tax without one-time effects / adjusted

Group result after taxes without one-time effects / adjusted

Acquisition and currency adjusted growth (organic growth)

Net debt

Leverage ratio

Free cash flow

Operational free cash flow

Capital expenditures

Reconciliation Group and Divisions from IFRS-result to result without one-time effects / Adjusted

Reconciliation Group and Divisions from IFRS-result to result without one-time effects / Adjusted