EX-99.1 10 a08-18818_1ex99d1.htm EX-99.1

Exhibit 99.1

 

PLIANT CORPORATION

Reconciliation of income from continuing operations before income taxes and EBITDA(R) or Segment Profit and Pro Forma EBITDA

 

 

 

3 Months Ended

 

3 Months Ended

 

6 Months Ended

 

6 Months Ended

 

Amounts in $ millions

 

June 30, 2008

 

June 30, 2007

 

June 30, 2008

 

June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income taxes

 

$

(24.9

)

$

(5.9

)

$

(38.1

)

$

(17.7

)

 

 

 

 

 

 

 

 

 

 

Add(deduct)

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

11.1

 

11.6

 

21.9

 

23.1

 

Interest

 

23.0

 

21.0

 

45.5

 

42.1

 

Restructuring and other costs

 

6.6

 

0.4

 

6.7

 

1.9

 

Reorganization and other costs

 

0.1

 

0.4

 

0.1

 

0.7

 

Other operating costs

 

0.1

 

 

0.1

 

1.1

 

Gain on extinquishment of debt

 

 

 

 

 

EBITDA(R) or Segment Profit

 

$

16.0

 

$

27.5

 

$

36.2

 

$

51.2

 

Plant closing cost savings

 

2.2

 

 

4.5

 

 

Reduction in workforce cost savings

 

0.7

 

 

2.2

 

 

Pro Forma EBITDA

 

$

18.9

 

$

27.5

 

$

42.9

 

$

51.2