Exhibit 99.2
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| | JARDEN CORPORATION RECONCILIATION OF GAAP TO NON-GAAP (In millions) |
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| | For the three months ended | | | For the six months ended | |
| | June 30, 2012 | | | June 30, 2011 | | | June 30, 2012 | | | June 30, 2011 | |
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Reconciliation of Non-GAAP measure: | | | | | | | | | | | | | | | | |
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Net income | | $ | 83.2 | | | $ | 73.9 | | | $ | 118.3 | | | $ | 92.9 | |
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Income tax provision | | | 48.1 | | | | 45.0 | | | | 69.9 | | | | 56.8 | |
Interest expense, net | | | 45.0 | | | | 46.0 | | | | 89.7 | | | | 91.1 | |
Loss on early extinguishment of debt | | | — | | | | — | | | | — | | | | 12.8 | |
Depreciation and amortization | | | 35.3 | | | | 41.3 | | | | 71.2 | | | | 81.4 | |
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Earnings before interest, taxes, depreciation and amortization (EBITDA) | | | 211.6 | | | | 206.2 | | | | 349.1 | | | | 335.0 | |
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Other adjustments: | | | | | | | | | | | | | | | | |
Fair market value adjustment to inventory | | | — | | | | — | | | | — | | | | 5.3 | |
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AS ADJUSTED EBITDA (SEGMENT EARNINGS) | | $ | 211.6 | | | $ | 206.2 | | | $ | 349.1 | | | $ | 340.3 | |
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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 three and six months
ended June 30, 2012:
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| | For the three months ended June 30, 2012 | |
| | Outdoor Solutions | | | Consumer Solutions | | | Branded Consumables | | | Process Solutions | | | Eliminations | | | Consolidated | |
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Reconciliation of Non-GAAP measure: | | | | | | | | | | | | | | | | | | | | | | | | |
Net sales growth | | | (3.3 | )% | | | 3.5 | % | | | 1.2 | % | | | 11.9 | % | | | 17.1 | % | | | 0.1 | % |
Foreign exchange | | | 1.8 | % | | | 1.7 | % | | | 4.6 | % | | | 0.1 | % | | | — | | | | 2.4 | % |
(Acquisitions)/Exited business, net | | | 2.2 | % | | | 0.8 | % | | | — | | | | — | | | | — | | | | 1.2 | % |
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Organic net sales growth | | | 0.7 | % | | | 6.0 | % | | | 5.8 | % | | | 12.0 | % | | | 17.1 | % | | | 3.7 | % |
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| | For the six months ended June 30, 2012 | |
| | Outdoor Solutions | | | Consumer Solutions | | | Branded Consumables | | | Process Solutions | | | Eliminations | | | Consolidated | |
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Reconciliation of Non-GAAP measure: | | | | | | | | | | | | | | | | | | | | | | | | |
Net sales growth | | | (2.3 | )% | | | 2.0 | % | | | 2.6 | % | | | 7.6 | % | | | 11.8 | % | | | 0.4 | % |
Foreign exchange | | | 1.3 | % | | | 1.2 | % | | | 3.4 | % | | | 0.2 | % | | | — | | | | 1.8 | % |
(Acquisitions)/Exited business, net | | | 2.1 | % | | | 0.8 | % | | | — | | | | — | | | | — | | | | 1.1 | % |
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Organic net sales growth | | | 1.1 | % | | | 4.0 | % | | | 6.0 | % | | | 7.8 | % | | | 11.8 | % | | | 3.3 | % |
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