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Note: The presentation of the performance measures above are not in conformity with generally accepted accounting principles (GAAP). These measures may not be comparable to similar measures of other companies as not all companies calculate these measures in the same manner.
WABCO HOLDINGS INC. Year Ended December 31, 2012 Data Supplement Sheet (Unaudited) Year Ended December 31, % of % of(Amounts in millions, Sales/ Sales/ Chg % Chg except per share Adj Adj vs. vs. data) 2012 Sales 2011 Sales 2011 2011 ------------------------------------------------------SalesReported $2,477.4 $2,794.1 $ (316.7) -11.3% Foreign exchange translational effects 182.2 - 182.2 ---------- ---------- ----------Adjusted Sales $2,659.6 $2,794.1 $ (134.5) -4.8% ---------- ---------- ---------- ---------- ---------- ----------Gross ProfitReported $ 740.2 29.9% $ 808.0 28.9% $ (67.8) -8.4% Streamlining costs 5.2 1.5 3.7 Separation costs 0.8 1.0 (0.2) ---------- ---------- ----------Performance Gross Profit $ 746.2 30.1% $ 810.5 29.0% $ (64.3) -7.9% Foreign exchange translational effects 57.2 - 57.2 ---------- ---------- ----------Adjusted Gross Profit $ 803.4 30.2% $ 810.5 29.0% $ (7.1) -0.9% ---------- ---------- ---------- ---------- ---------- ----------Selling, Administrative, Product Engineering Expenses and OtherReported $ 415.7 16.8% $ 438.1 15.7% $ (22.4) -5.1% Streamlining costs (7.7) (0.6) (7.1) Separation costs (1.7) (2.1) 0.4 UK pension adjustment 4.3 - 4.3 ---------- ---------- ----------Performance Selling, Administrative, Product Engineering Expenses and Other $ 410.6 16.6% $ 435.4 15.6% $ (24.8) -5.7% Foreign exchange translational effects 28.3 - 28.3 ---------- ---------- ----------Adjusted Selling, Administrative, Product Engineering Expenses and Other $ 438.9 16.5% $ 435.4 15.6% $ 3.5 0.8% ---------- ---------- ---------- ---------- ---------- ----------Operating IncomeReported $ 324.5 13.1% $ 369.9 13.2% $ (45.4) Streamlining costs 12.9 2.1 10.8 Separation costs 2.5 3.1 (0.6) UK pension adjustment (4.3) - (4.3) ---------- ---------- ----------Performance Operating Income $ 335.6 13.5% $ 375.1 13.4% $ (39.5) -10.5% Foreign exchange translational effects 28.9 - 28.9 ---------- ---------- ----------Adjusted Operating Income $ 364.5 13.7% $ 375.1 13.4% $ (10.6) -2.8% ---------- ---------- ---------- ---------- ---------- ----------EBIT (Earnings Before Interest and Taxes)Reported Operating Income $ 324.5 $ 369.9 $ (45.4) Equity in Income of Unconsolidated Joint Venture $ 18.1 16.5 1.6 Other non-operating expense, net $ (5.0) (2.9) (2.1) Indemnification and Other settlements $ - 23.1 (23.1) Net income attributable to noncontrolling interest $ (10.5) (11.2) 0.7 ---------- ---------- ----------EBIT $ 327.1 13.2% $ 395.4 14.2% $ (68.3) -17.3% Streamlining costs 12.9 2.1 10.8 Separation costs 7.3 (19.3) 26.6 UK pension adjustment (4.3) - (4.3) ---------- ---------- ----------Performance EBIT (Earnings Before Interest and Taxes) $ 343.0 13.8% $ 378.2 13.5% $ (35.2) -9.3% Foreign exchange translational effects 27.7 - 27.7 ---------- ---------- ----------Adjusted EBIT (Earnings Before Interest and Taxes) $ 370.7 13.9% $ 378.2 13.5% $ (7.5) -2.0% ---------- ---------- ---------- ---------- ---------- ----------Pre-Tax Income/(Loss)EBIT $ 327.1 $ 395.4 $ (68.3) Interest expense, net (1.5) (1.7) 0.2 ---------- ---------- ----------Pre-Tax Income/(Loss) $ 325.6 $ 393.7 $ (68.1) Streamlining costs 12.9 2.1 10.8 Separation costs 7.3 (19.3) 26.6 UK pension adjustment (4.3) - (4.3) ---------- ---------- ----------Performance Pre-Tax Income $ 341.5 $ 376.5 $ (35.0) Tax rate on a performance basis 14.6% 13.5%Net Income Attributable to CompanyReported Net Income Attributable to Company $ 302.0 $ 357.0 $ (55.0) Streamlining cost, net of tax 11.1 2.2 8.9 Tax items (24.7) (13.2) (11.5) Separation costs, net of tax and separation related taxes 6.4 (20.3) 26.7 UK pension adjustment, net of tax (3.2) - (3.2) ---------- ---------- ----------Performance Net Income $ 291.6 $ 325.7 $ (34.1) ---------- ---------- ---------- ---------- ---------- ----------Performance Net Income per Diluted Common Share $ 4.46 $ 4.73Common Shares Outstanding - Diluted 65.3 68.8
