Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 132

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 132
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 and presented in accordance with GAAP. Some of the limitations are that such measures:

| • |     | may exclude recurring expenses of Subcontractor Expense in our jobs; |

| • |     | may exclude the recurring expenses of depreciation and amortization of property and equipment and definite-lived 
 intangible assets and the assets being depreciated and amortized may have to be replaced in the future;          |

89

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

| • |     | do not reflect changes in our working capital needs; |

| • |     | do not reflect the interest (income) expense on our indebtedness; or |

| • |     | do not reflect the income tax (benefit) provision we are required to make. |

In order to evaluate our business, we encourage you to review the financial statements included elsewhere in this prospectus, and not rely on a single financial measure to evaluate our business. Please review the reconciliation of Net Loss to Adjusted EBITDA, a calculation of Adjusted EBITDA Margin, the reconciliation of Gross Profit to Self-Perform Contribution and a calculation of Self-Perform Margin set forth below. The following table provides a reconciliation of our Net Loss, the most directly comparable financial measure presented in accordance with GAAP, to Adjusted EBITDA, and a calculation of Adjusted EBITDA Margin for the periods presented herein (dollars in thousands):

|                                                                   |                     |  Predecessor 
 For the Year 
        Ended 
 December 31, 
         2024 |         |    |     |      |         |    |     |      |         |    |     | Pro Forma |   |
|:------------------------------------------------------------------|:--------------------|-------------:|--------:|:---|:----|-----:|--------:|:---|:----|-----:|--------:|:---|:----|:----------|:--|
|                                                                   | For the Years Ended 
 December 31,        |              |         |    |     |      |         |    |     |      |         |    |     |           |   |
|                                                                   |                     |         2022 |         |    |     | 2023 |         |    |     | 2024 |         |    |     |           |   |
| Net loss                                                          |                     |            $ | (82,274 | )  |     |    $ |