Jarden (JAH) 8-K Jarden Reports First Quarter Results

Exhibit 99.2

JARDEN CORPORATION

Reconciliation of GAAP to Non-GAAP

For the quarters ended March 31, 2014 and 2013

	in millions
	For the quarters ended
	March 31, 2014		March 31, 2013
Reconciliation of Non-GAAP measure:
Net income (loss)	$	3.7	$	(4.4	)
Income tax provision (benefit)		5.5		(5.4	)
Interest expense, net		54.0		49.6
Loss on early extinguishment of debt		—		17.1
Depreciation and amortization		45.6		37.7
Earnings before interest, taxes, depreciation and amortization (EBITDA)		108.8		94.6
Other adjustments:
Fair market value adjustment to inventory		—		5.0
Venezuela foreign exchange-related charges		4.0		29.0
Restructuring costs, net		0.3		—
Acquisition-related and other costs		13.2		—
As Adjusted EBITDA (Segment Earnings)	$	126.3	$	128.6

Organic net sales growth is a non-GAAP measure of net sales growth excluding the impacts of foreign exchange, certain acquisitions and exited businesses 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, 2014:

	For the quarter ended March 31, 2014
	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Eliminations			Consolidated
Reconciliation of Non-GAAP measure:
Net sales growth		40.1	%		(5.3	)%		(1.6	)%		4.8	%		8.5	%		9.6	%
Foreign exchange impacts		0.9	%		3.0	%		1.3	%		(0.4	)%		—			1.5	%
(Acquisitions)/exited businesses, net		(37.2	)%		—			—			—			—			(10.5	)%
Organic net sales growth		3.8	%		(2.3	)%		(0.3	)%		4.4	%		8.5	%		0.6	%

Gross margins
	For the quarters ended March 31,
							Increase/
	2014			2013			(Decrease)
Gross margins, as reported		29.7	%		28.1	%		1.6	%
Fair market value adjustment to inventory		—			0.3	%		(0.3	)%
International manufacturing rationalization and other		0.7	%		—			0.7	%
Adjusted gross margins		30.4	%		28.4	%		2.0	%
Selling, general and administrative expenses (SG&A) as a % of net sales
	For the quarters ended March 31,
							Increase/
	2014			2013			(Decrease)
SG&A as a % of net sales, as reported		26.0	%		24.5	%		1.5	%
Acquisition-related and other costs		(0.1	)%		—			(0.1	)%
Venezuela foreign exchange-related charges		(0.2	)%		(1.9	)%		1.7	%
Amortization of acquired intangible assets		(0.3	)%		(0.3	)%		—
Adjusted SG&A as a % of net sales		25.4	%		22.3	%		3.1	%
Interest expense, net
	For the quarters ended March 31,
							Increase/
	2014			2013			(Decrease)
Interest expense, net as reported	$	54.0		$	49.6		$	4.4
Original issue discount amortization		(5.7	)		(3.0	)		(2.7	)
Adjusted interest expense, net	$	48.3		$	46.6		$	1.7