Financial Performance

In US$ millions unless stated otherwise

Margin shown as a percentage

Numbers expressed as a ratio

Adjusted Revenue Net Profit/(Loss) Adjusted Net Profit/(Loss) Adjusted EBITDA

Adjusted EBITDA margin (%) Net bank debt Net leverage ratio

Adjusted revenue represents revenue generated by the Group excluding the impact of finance lease accounting.

Adjusted EBITDA represents operating profit, excluding depreciation, amortisation, any impairment charge or reversal and other adjusting items.

Adjusted EBITDA margin represents adjusted EBITDA divided by adjusted revenue.

Adjusted net profit/(loss) represents net profit/(loss) after removing the impact of net impairment charge or reversals and other adjusting items.

Net bank debt represents the total bank borrowings (excluding unamortised issue costs) less cash and cash equivalents.

Net leverage ratio is the ratio of net bank debt to adjusted EBITDA for the trailing twelve months.

Details of adjusting items are explained on our Consolidated Financial Statements, which are published on our website.