Company: MCW
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052554
Chunk: 68

Company: Mister Car Wash, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 68
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 |   6,711 |   |
| Employee retention credit             |                              |  (5,189 | ) |
| Other                                 |                              |   6,447 |   |
| Adjusted EBITDA                       | $                            | 320,946 |   |
| Cash rent expense                     |                              | 109,694 |   |
| Bonus expense                         |                              |  15,776 |   |
| Acquired store EBITDA                 |                              |       — |   |
| Adjusted EBITDAR                      | $                            | 446,416 |   |
| 2024 Plan EBITDAR                     | $                            | 434,702 |   |
| 2024 Attainment                       |                              |  102.69 | % |

Non-GAAP Financial Measures This document includes financial information that does not conform to U.S. GAAP and is considered non-GAAP measures. Management uses these measures internally for planning, forecasting, and evaluating the performance of the Company’s segments, including allocating resources. Our management believes that these non-GAAP measures best reflect the ongoing performance of the Company during the periods presented and provide more relevant and meaningful information to investors as they provide insight with respect to ongoing operating results of the Company and a more useful comparison of year-over-year results. These non-GAAP measures supplement the Company’s U.S. GAAP disclosures and should not be considered as an alternative to net income as a measure of financial performance or any other performance measure derived in accordance with U.S. GAAP and should not be construed as an inference that the Company’s future results will be unaffected by unusual or nonrecurring items. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Non-GAAP measures included in this Proxy Statement are defined below. Adjusted EBITDAR The Company’s calculation of Adjusted EBITDAR for purposes of determining bonus compensation is equivalent to its presentation of Adjusted EBITDA as described in “Key Performance Indicators and Non-GAAP Measures” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC, except further adjusted for the Company’s cash rent expense, bonus expense and acquired store EBITDA. Adjusted EBITDAR for 2024 took into account all operating locations as of January 1, 2024, plus all greenfield locations, but excluded any sites acquired during 2024. Adjusted EBIT