Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 29

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 29
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 140.5%        |
| GES            | ​ | EBITDA Margin | ​ |                                7.95% | ​ |   8.6% | ​ |   9.75% | ​ |    9.1% | ​ | 143.5%        |

1. All dollar amounts are shown in millions of U.S. dollars ($) unless indicated as a percentage (%). For purposes of evaluating achievement, we converted the financial results to U.S. dollars at the same fixed exchange rates used when establishing the target achievement levels to eliminate any benefit or detriment related to exchange rate variances. The exchange rates used were as follows: Canadian dollar (0.75 to 1), British pound (1.27 to 1), Euro (1.10 to 1), and Icelandic Krona (0.0073 to 1). 2. EBITDA is a non-GAAP financial measure and means earnings from continuing operations before interest expense and interest income, income taxes, depreciation, amortization, restructuring charges, impairment losses and recoveries, and income/loss attributable to non-controlling and redeemable non-controlling interests. The EBITDA performance goals exclude specific items that are identified at the beginning of the plan cycle, certain items that are of a non-operating nature, and other items for which Management does not want to create an incentive. These items include acquisition and divestiture transaction-related and integration expenses, attraction start-up costs, the results of any acquisitions that were not contemplated in the plan, and certain other specified items, including a normalization for the impact of the Jasper fire. EBITDA Margin is a non-GAAP measure representing the percentage derived from dividing EBITDA, as described above, by revenue, as similarly adjusted where applicable (e.g., translation of foreign revenue at the same fixed exchange rates used when establishing the targets, exclusion of revenue from any acquisitions that were not contemplated in the plan, and normalization for the impact of the Jasper fire). * The EBITDA Margin achievement for Legacy Viad is based on equally weighting the EBITDA Margin achievement percentages for the Legacy Pursuit Segment (0%) and GES Consolidated (143.5%).

| 40  |  Pursuit 2025 PROXY STATEMENT​ | ​ |

COMPENSATION DISCUSSION AND ANALYSIS

As noted above, strategic objectives for the 2024 MIP were established and approved by the Human Resources Committee for Legacy Viad and its operating businesses, including Spi