Exhibit 99.2
JARDEN CORPORATION
Reconciliation of GAAP to NON GAAP
For the quarters ended March 31, 2012 and 2011
Quarters ended | ||||||||
(in millions) | March 31, 2012 | March 31, 2011 | ||||||
Reconciliation of Non-GAAP measure: | ||||||||
Net income | $ | 35.1 | $ | 19.0 | ||||
Income tax provision | 21.8 | 11.8 | ||||||
Interest expense, net | 44.7 | 45.1 | ||||||
Loss on early extinguishment of debt | — | 12.8 | ||||||
Depreciation and amortization | 35.9 | 40.1 | ||||||
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Earnings before interest, taxes, depreciation and amortization (EBITDA) | 137.5 | 128.8 | ||||||
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Other adjustments: | ||||||||
Fair market value adjustment to inventory | — | 5.3 | ||||||
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AS ADJUSTED EBITDA (“Segment Earnings”) | $ | 137.5 | $ | 134.1 | ||||
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Organic net sales growth is a non-GAAP measure of net sales growth excluding the impacts of foreign exchange, significant acquisitions and exited business from year-over-year comparisons. The Company believes this measure provides investors with a more complete understanding of the underlying sales trends by providing net sales on a consistent basis. Organic net sales growth is also one of the measures used by management to analyze operating performance. The following table provides a reconciliation of organic net sales growth to the comparable GAAP measure of net sales growth for the quarter ended March 31, 2012:
For the quarter ending March 31, 2012 | ||||||||||||||||||||||||
Outdoor Solutions | Consumer Solutions | Branded Consumables | Process Solutions | Elimination | Consolidated | |||||||||||||||||||
Reconciliation of Non-GAAP measure: | ||||||||||||||||||||||||
Net sales growth | (1.1 | %) | 0.3 | % | 4.3 | % | 3.2 | % | 6.9 | % | 0.8 | % | ||||||||||||
Foreign exchange impacts | 0.7 | % | 0.5 | % | 1.9 | % | 0.2 | % | — | % | 1.0 | % | ||||||||||||
(Acquisitions)/Exit of business | 2.0 | % | 0.8 | % | — | % | — | % | — | % | 1.1 | % | ||||||||||||
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Organic net sales growth | 1.6 | % | 1.6 | % | 6.2 | % | 3.4 | % | 6.9 | % | 2.9 | % | ||||||||||||
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