Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 109

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 109
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) a reconciliation of Net income attributable to common shareholders to AIP Adjusted EBITDA, (ii) the Net income margin attributable to common shareholders (measured on Revenue), and (iii) the AIP Adjusted EBITDA Margin. AIP Adjusted EBITDA is a non-GAAP financial measure used by the Compensation Committee in determining executive compensation. Note that Adjusted EBITDA equaled AIP Adjusted EBITDA for 2024.

| ($ in millions)                                                             |     |          | Year Ended December 31, 2024 |
|:----------------------------------------------------------------------------|:----|---------:|:-----------------------------|
| Net income attributable to common shareholders                              |     |   $546.8 |                              |
| Add:                                                                        |     |          |                              |
| Interest expense, net of interest income                                    |     |    136.9 |                              |
| Provision for income taxes                                                  |     |    132.5 |                              |
| Depreciation and amortization(1)                                            |     |    252.0 |                              |
| Adjustments:                                                                |     |          |                              |
| Restructuring and acquisition charges                                       |     |     23.1 |                              |
| Net non-cash MSR and mortgage banking derivative activity                   |     |     18.2 |                              |
| Interest on employee loans, net of forgiveness                              |     |     -5.9 |                              |
| Equity losses – Investment Management and Software and Technology Solutions |     |     76.4 |                              |
| Credit losses on convertible note investments                               |     |      6.3 |                              |
| AIP Adjusted EBITDA                                                         |     | $1,186.3 |                              |
| Net income margin attributable to common shareholders                       |     |      2.3 | %                            |
| AIP Adjusted EBITDA Margin                                                  |     |     14.7 | %                            |

(1) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.

| 98 |     | 2025 Proxy Statement |

Annexes

Annex A Reconciliation of GAAP and Non-GAAP Financial Measures

### Reconciliation of LTIP financial measures
For purposes of the CD&A, below is a reconciliation of Net income attributable to common shareholders to PSU Adjusted Net Income and the components of Adjusted EPS. Adjusted EPS is a non-GAAP financial measure used by