Renewable Energy Group Revises Outlook for Second Quarter 2020 - Seite 2

Reconciliation of Non - GAAP Measures

The Company uses earnings before interest, taxes, depreciation and amortization, adjusted for certain additional items identified in the table below, or Adjusted EBITDA, as a supplemental performance measure. Adjusted EBITDA is presented in order to assist investors in analyzing performance across reporting periods on a consistent basis by excluding items that are not believed to be indicative of core operating performance. Adjusted EBITDA is used by the Company to evaluate, assess and benchmark financial performance on a consistent and a comparable basis and as a factor in determining incentive compensation for company executives.

The following table sets forth expected Adjusted EBITDA for the periods presented, as well as a reconciliation to expected net income (loss) determined in accordance with GAAP:

		(in millions)							(in millions)
		Three months ended							Six months ended
		6/30/2020							6/30/2020
		Range							Range
Adjusted EBITDA		Low			High				Low			High
Net Income (Loss)		(17.1	)		(6.9	)			59.4			69.6
Depreciation and amortization		9.5			9.5				18.8			18.8
Stock based compensation		1.8			1.8				3.2			3.2
Interest Expense		1.4