Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 147

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 147
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 gains or losses on the early extinguishment of debt, and gains or losses on discontinued operations or the sale of businesses, investments or other assets.

(2) Net Synergies is based on annual net run-rate synergies of $400 million projected by the management of Anywhere to result from the merger. The Net Synergies is assumed to be realized over a three-year period, of which 50% realized in the year ended December 31, 2026, 75% in the year ended December 31, 2027 and 100% thereafter.

(3) Unlevered Free Cash Flow is a non-GAAP financial measure and is defined as EBITDA less tax expense, stock based compensation, capital expenditure, restructuring and other unusual items, less costs to achieve synergies (post-tax), and adjusted for change in net working capital and other items.

#### Compass Projections
The following table presents a summary of the Compass Projections for Compass’ fiscal years ending 2025 through 2030:

|                    |     | Fiscal Year (in millions) |  2025 |     |   |  2026 |     |   |  2027 |     |   |  2028 |     |   |  2029 |     |   |   2030 |
|:-------------------|:----|:--------------------------|------:|:----|:--|------:|:----|:--|------:|:----|:--|------:|:----|:--|------:|:----|:--|-------:|
| Revenue            |     | $                         | 6,765 |     | $ | 7,678 |     | $ | 8,355 |     | $ | 9,069 |     | $ | 9,836 |     | $ | 10,625 |
| Adjusted EBITDA(1) |     | $                         |   237 |     | $ |   370 |     | $ |   462 |     | $ |   560 |     | $ |   666 |     | $ |    770 |
| Free Cash Flow(2)  |     | $                         |    86 |     | $ |   214 |     | $ |   302 |     | $ |   394 |     | $ |   472 |     | $ |    453 |

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(1) Adjust