Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 71

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 71
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 to prepayments of debt.

• Other charges (credits). This includes Other (income) expenses, net on the Consolidated Statements of Income (Loss) and other adjustments.

• Divestitures for APIP Purposes. Actual 2024 Adjusted EBITDA from divestitures through the dates of sales is excluded and full year 2024 budgeted Adjusted EBITDA is included.

Adjusted EBITDA is not intended to represent cash flows from operations, operating income (loss) or net income (loss) as defined by U.S. GAAP as indicators of operating performances.

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#### Non-GAAP Reconciliations
Adjusted Revenue and Adjusted EBITDA Reconciliations:

| (in millions)                                                 
 Reconciliation to Adjusted Revenue                            |     | Year Ended 12/31/2024 |       |   |
|:--------------------------------------------------------------|:----|:----------------------|------:|:--|
| Revenue                                                       |     | $                     | 3,356 |   |
| Divestitures Actual(1)                                        |     | $                     |  -180 |   |
| Reported Adjusted Revenue                                     |     | $                     | 3,176 |   |
| Divestitures 2024 Budget(2)                                   |     | $                     |   429 |   |
| Adjusted Revenue for APIP                                     |     | $                     | 3,605 |   |
| Reconciliation to Adjusted EBITDA                             |     |                       |       |   |
| Net Income (Loss)                                             |     | $                     |   426 |   |
| Interest Expense                                              |     |                       |    75 |   |
| Income tax expense (benefit)                                  |     |                       |    78 |   |
| Depreciation and amortization                                 |     |                       |   204 |   |
| Contract inducement amortization                              |     |                       |     3 |   |
| EBITDA - Before Adjustment for Divestitures                   |     |                       |   786 |   |
| Divested EBITDA recorded in 2024 through the dates of sale(1) |     | $                     |   -48 |   |
| EBITDA                                                        |     |                       |   738 |   |
| EBITDA Margin                                                 |     |                       |    20 | % |
| EBITDA                                                        |     |                       |   738