ADVANCED GLASSFIBER YARNS LLC Exhibit 99 Reconciliation of Net Income (Loss) to EBITDA (dollars in thousands) Consolidated Company | Predecessor Business ------------------------------------------------------ | ---------------------------------- Years Three Months | Nine Months Year Ended Ended | Ended Ended December 31, December 31, | September 30, December 31, ------------------------------------- -------------- | --------------- ----------------- | 2001 2000 1999 1998 | 1998 1997 ---- ---- ---- ---- | ---- ---- | Net income (loss) $ (7,749) $ 12,093 $ 1,990 $ 4,275 | $ 43,009 $ 50,326 Depreciation and amortization (1) 26,361 25,993 23,987 5,601 | 6,394 8,305 Restructuring charge (2) 2,000 - 290 - | - - Non-recurring start-up cost 2,992 2,345 | 2,034 - Interest 33,243 35,449 36,824 9,113 | - - Taxes (3) 55 93 190 - | 16,226 32,540 Extraordinary (loss) - - (3,616) - | - - ----------- ----------- ----------- ----------- | ------------- ---------- Adjusted EBITDA $ 53,910 $ 73,628 $ 69,889 $ 21,334 | $ 67,663 $ 91,171 =========== =========== =========== =========== | ============= ========== (1) Amortization does not include amortization of debt issuance costs or original issue discount, which is included in interest expense. (2) Only $2.0 million of the $2.4 million in restructuring charge has been considered an adjustment to EBITDA, per the terms of the Third Amendment of the Senior Credit Facility dated December 14, 2001. (3) Foreign income taxes due by foreign subsidaries.