|
Exhibit E |
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|
MTS SYSTEMS CORPORATION |
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|
Free Cash Flow |
|||||||||||||||
|
(unaudited - in thousands) |
|||||||||||||||
|
Three Months Ended |
Six Months Ended |
||||||||||||||
|
March 30, 2019 |
March 31, 2018 |
March 30, 2019 |
March 31, 2018 |
||||||||||||
|
Net Cash Provided by (Used in) Operating Activities |
$ |
20,038 |
$ |
28,035 |
$ |
30,669 |
$ |
37,258 |
|||||||
|
Purchases of property and equipment |
(5,576) |
(2,567) |
(9,349) |
(5,368) |
|||||||||||
|
Proceeds from sale of property and equipment |
— |
— |
10 |
69 |
|||||||||||
|
Free cash flow1 |
$ |
14,462 |
$ |
25,468 |
$ |
21,330 |
$ |
31,959 |
|||||||
|
1 Denotes non-GAAP financial measure. |
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|
Exhibit F |
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|
MTS SYSTEMS CORPORATION |
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|
Reconciliation of EBITDA and Adjusted EBITDA to Net Income - Outlook |
||||||
|
(unaudited - in thousands) |
||||||
|
Twelve Months Ending |
||||||
|
September 28, 2019 |
||||||
|
Low |
High |
|||||
|
Net income |
$ |
44,500 |
$ |
50,000 |
||
|
Income tax provision (benefit) |
7,000 |
11,000 |
||||
|
Interest expense, net |
26,000 |
28,000 |
||||
|
Depreciation and amortization |
36,000 |
42,000 |
||||
|
EBITDA 1 |
113,500 |
131,000 |
||||
|
Stock-based compensation and non-recurring expenses 2 |
8,500 |
11,000 |
||||
|
Adjusted EBITDA 1 |
$ |
122,000 |
$ |
142,000 |
||
|
1 Denotes non-GAAP financial measure. |
||||||
|
2 Includes pre-tax forecast expenses for stock-based compensation, restructuring expenses, acquisition-related expenses and acquisition inventory fair value adjustment. |
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