Ardagh Glass Finance plc - Irish Stock Exchange

The reconciliation of operating profit to EBITDA is as follows:
Nine months ended
Before other
Audited Consolidated income and Other income Twelve months
Year ended December 31,
expense
September 30,
and expense
September 30, September 30, September 30,
ended
September 30,
2008 2007* 2006 2009 2009 2009 2008 2009
(in E millions)
Group operating profit/
(loss) ........... 80.2 57.1 3.3 62.2 (43.2) 19.0 70.6 28.6
Add back depreciation
and amortization .... 157.0 100.4 57.6 110.0 2.1 112.1 116.0 153.1
Add back IFRS non
cash stock adjustment — 13.8 — — — — — —
Add back other income
and expenses** ..... 24.9 8.9 (8.8) — 41.1 41.1 13.4 52.6
EBITDA .......... 262.1 180.2 52.1 172.2 — 172.2 200.0 234.3
* The historical financial data for the year 2007 reflect the effects of the Rexam Acquisition only from June 21,
2007.
** Other income and expenses comprise restructuring costs, termination benefits and aborted acquisition and
disposal costs. See Note 5 to the consolidated non-statutory financial statements for the year ended
December 31, 2008 and Note 2 to the unaudited consolidated interim financial information for the nine month
period ended September 30, 2009 of Ardagh Glass Holdings Limited, for further analysis.
(5) Depreciation less capital grant amortization.
(6) Net interest costs represent net finance costs excluding interest cost on pension plan liabilities, foreign exchange
gains and losses, expected return on pension plan assets, gains and losses on derivatives not designated as hedges
and gains and losses on extinguishment of borrowings.
(7) Net borrowings equal total borrowings less cash and deferred financing costs.
(8) Pro forma net borrowings give pro forma effect to the issuance of the Senior Notes and the application of the
proceeds therefrom as if such issuance took place on September 30, 2009. Management believes that amounts
included in net borrowings for overdraft and revolving credit lines and cash are indicative of the average balances
for the twelve-month period ended September 30, 2009. However, these are not necessarily indicative of such
average balances to be expected for any financial year.
(9) Pro forma net interest costs give pro forma effect to the issuance of the Senior Notes and the application of the
proceeds therefrom as if the Senior Notes were issued on October 1, 2008.
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