Alternative key performance figures

TX Group uses the following alternative key performance measures:

In addition to the key figures defined in the International Financial Reporting Standards (IFRS), TX Group also provides key figures as part of its financial reporting, which are either taken from financial statements prepared or based on these. These are referred to as alternative performance measures. TX Group regards these alternative performance measures as useful additional information for investors and other readers of financial reports and uses them for financial management and control purposes. Therefore, alternative performance measures should be regarded as a supplement and not as a substitute for the information prepared in accordance with IFRS.

With regard to the requirements of the directive on the use of alternative performance measures of the SIX Swiss Exchange, TX Group provides an overview of the alternative performance measures used and how they are defined.

• Operating income/(loss) before depreciation and amortisation (EBITDA)/EBITDA margin
  Revenues less operating expense (costs of material and services, personnel expense, other operating expense) and the share of net result of associates/joint ventures. The EBITDA margin corresponds to the EBITDA share of revenues.
• Cash flow after investing activities in property, plant and equipment and intangible assets (FCF b. M&A)
  Cash flow from/(used in) operating activities less the cash flow for investments in property, plant and equipment and intangible assets, plus the cash flow from the sale of property, plant and equipment and intangible assets.
• Normalised consolidated income statement (key figures in the normalised consolidated income statement are referred to as adjusted, e.g. EBIT adj.)
  The normalised consolidated income statement is derived from the consolidated income statement produced in accordance with IFRS, with one-off effects included or omitted, and presented in the form of a reconciliation statement. The main normalisation effects (reconciliation items) are explained in detail. The main key figures in the normalised consolidated income statement are shown as adjusted, e.g. EBIT (adj.).

The figures shown are rounded in both text and tables. As the calculations are made with a higher level of numerical accuracy, it is possible that small rounding differences may occur.