Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 121

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 121
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 Contribution(2) |                     |                       | 1,046,350 |     |      | 1,376,776 |     |      |     |           |

| (1) | Other Cost of Revenue equals Cost of Revenue minus Subcontractor Expense. Subcontractor Expense represents the                                                                                         
 cost of third-party contractors that we use and is included in Cost of Revenue. We typically incur Subcontractor Expense in connection with the provision of construction management services. On jobs |

82

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

| where we use subcontractors, we may pass those costs directly through to our customers or include them in our overall price for the job. |

| (2) | We define Self-Perform Contribution as revenue less Subcontractor Expense. |

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:

|                                                                   |                     |           Predecessor 
          For the Year 
                 Ended 
          December 31, 
                  2024 |         |   |     |      |         |   |     |      |   |     | Pro Forma |   |
|:------------------------------------------------------------------|:--------------------|----------------------:|--------:|:--|:----|-----:|--------:|:--|:----|-----:|:--|:----|:----------|:--|
|                                                                   | For the Years Ended 
 December 31,        |                       |         |   |     |      |         |   |     |      |   |     |           |   |
|                                                                   |                     |                  2022 |         |   |     | 2023 |         |   |     | 2024 |   |     |           |   |
|                                                                   |                     | -Dollars in thousands |         |   |     |      |         |   |     |      |   |     |           |   |
| Net Loss                                                          |                     |                     $ | (82,274 | ) |     |    $ | (46,026 | ) |     |    $ |   |     | $         |   |
| Interest expense, net of capitalized interest                     |                     |                       |  44,285 |   |     |      |  51,551