Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 89

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 89
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. The Nestlé Acquisition closed on March 31, 2021. To facilitate BlueTriton’s financial
statement presentation, BlueTriton separates its financial results into two distinct periods: “Predecessor” refers to the period up to and including March 31, 2021, the closing date of the Nestlé Acquisition, which represents
the results of the pre-Nestlé Acquisition company, and “Successor” refers to the periods after such date, which represent the results of the post-Nestlé Acquisition reorganized company.
The delineation between Predecessor and Successor periods is shown by a vertical black line on the consolidated financial statements included elsewhere in this prospectus to highlight the lack of comparability between periods. The
“2021 Successor Period” refers to the period from February 3, 2021 through December 31, 2021 and the “2021 Predecessor Period” refers to the period from January 1, 2021 through March 31, 2021.

Non-GAAPFinancial Measures

BlueTriton uses Adjusted EBITDA as an important performance metric for the company. In addition, Free Cash Flow is an important liquidity
metric that BlueTriton uses to evaluate its ability to make principal payments on its indebtedness and to fund its capital expenditures and working capital requirements. BlueTriton presents Adjusted EBITDA and Free Cash Flow because it believes
these measures are frequently used by analysts, investors, and other interested parties in the evaluation of companies in its industry.

Adjusted EBITDA and Free Cash Flow should be considered in addition to, and not as a substitute for or superior to, financial measures
calculated in accordance with GAAP. These are not measurements of BlueTriton’s financial performance under GAAP and should not be considered as alternatives to net income (loss) or any other performance measures derived in accordance with GAAP
or as an alternative to net cash provided by operating activities as a measure of BlueTriton’s liquidity and may not be comparable to other similarly titled measures of other businesses. These non-GAAP
metrics may not be indicative of BlueTriton’s historical operating results, nor are such measures meant to be predictive of BlueTriton’s future results. In the

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future, BlueTriton may incur expenses similar to the adjustments noted herein to calculate Adjusted EBITDA and Free Cash Flow. However, the magnitude of such adjustments for the periods presented herein is not