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Molson Coors Provides Historical Pro Forma Financial Results For Its Recently Acquired Central Europe Business

Pretax underlying income and underlying EBITDA should be viewed as a supplement to, not a substitute for, our results of operations presented on the basis of accounting principles generally accepted in the United States. Our management uses underlying income and underlying EBITDA as measures of operating performance to assist in comparing performance from period to period on a consistent basis; as measures for planning and forecasting overall expectations and for evaluating actual results against such expectations; and in communications with the board of directors, stockholders, analysts and investors concerning our financial performance. We believe that underlying income and underlying EBITDA performance are used by and useful to investors and other users of our financial statements in evaluating our operating performance because they provide an additional tool to evaluate our performance without regard to items such as special and other non-core items and depreciation and amortization expense, which can vary substantially from company to company depending upon accounting methods and book value of assets and capital structure.



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