Company: IHETW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0001193125-25-100509
Chunk: 6

Company: iHeartMedia, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 6
---
 as a member of the Compensation Committee. Ms. Sivaramakrishnan would cease to serve as a member of the Compensation Committee

We Request Your Support at the 2025 Annual Meeting The Board recommends that you vote FOR all three management proposals Our Board recommends: A vote FOR the Election of the Eight Director Nominees Named in the Proxy Statement A vote FOR the Ratification of the Appointment of EY as our Independent Registered Public Accounting Firm for 2025 A vote FOR the Approval, on an Advisory Basis, of the Compensation of our Named Executive Officers 9

Appendix 10

Non-GAAP Financial Measures Ø This presentation includes financial metrics classified as “non-GAAP financial measures” by the Securities and Exchange Commission (SEC), such as adjusted EBITDA and adjusted free cash flow. These measures may differ from those used by other companies. The inclusion of this financial information, which is not prepared in accordance with a comprehensive set of accounting standards, is not intended to be viewed in isolation or as a replacement for financial data prepared in accordance with generally accepted accounting principles (GAAP). Ø Adjusted EBITDA is defined as consolidated Operating income (loss) adjusted to exclude restructuring expenses included within Direct operating expenses and SG&A expenses, and share-based compensation expenses included within SG&A expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Impairment charges, and Other operating expense. Alternatively, Adjusted EBITDA is calculated as Net income (loss), adjusted to exclude Income tax benefit, Interest expense, net, Depreciation and amortization, (Gain) loss on investments, net, (Gain) loss on extinguishment of debt, Other (income) expense, net, Equity in (earnings) loss of nonconsolidated affiliates, Impairment charges, Other operating expense, Share-based compensation expense, and Restructuring expenses. Restructuring expenses primarily include expenses incurred in connection with cost-saving initiatives, as well as certain expenses, which, in the view of management, are outside the ordinary course of business or otherwise not representative of the Company's operations during a normal business cycle. Ø We define Free Cash Flow as Cash provided by operating activities less capital expenditures, which is disclosed as Purchases of property, plant and equipment in the Company’s Consolidated Statements of Cash Flows. We define Free Cash Flow excluding the impacts of the Debt Exchange Transaction (or Adjusted Free Cash Flow) as Free Cash Flow excluding the Debt Exchange Transaction fees and the