EX-99.2 3 ss1474039_ex9902.htm RECONCILIATION OF NON-GAAP MEASURE
THE CHEFS' WAREHOUSE, INC.
 Reconciliation of Adjusted EBITDA Guidance for Fiscal 2022
       
(in millions)  Low-End    High-End
 Net Income  $      39.8    $      47.1
 Provision for income taxes          14.7            17.4
 Depreciation and amortization          39.0            39.0
 Interest expense          25.5            25.5
 EBITDA        119.0          129.7
 Adjustments:      
 Stock compensation          12.0            12.0
 Duplicate rent            5.3              5.3
 Integration and transaction expenses            2.2              2.2
 Change in earn-out fair value            8.5              8.5
 Adjusted EBITDA  $    147.0    $    157.0