Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 259

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 259
---
it), acquired depreciation and acquired amortization and transaction expenses. Suncrete calculates Adjusted EBITDA differently for other purposes, including the presentation of Adjusted EBITDA in the section titled “ Management’s Discussion and Analysis of Financial Condition and Results of Operations of Suncrete ” included elsewhere in this proxy statement/prospectus. (3) Comprised of $8 million of organic maintenance CapEx, $4 million of acquired maintenance CapEx and $3 million of acquired growth CapEx. (4) Comprised of $16 million of organic maintenance CapEx, $2 million of acquired maintenance CapEx, $3 million of organic growth CapEx and $1 million of acquired growth CapEx. (5) Free Cash Flow Conversion is calculated as (x) Adjusted EBITDA minus maintenance CapEx, divided by (y) Adjusted EBITDA. The material assumptions underlying the Suncrete Projections include the following: • “Acquired ” Financial Metrics : The Suncrete Projections include acquired revenue, acquired gross profit, acquired net income, acquired Adjusted EBITDA, acquired maintenance CapEx and acquired growth CapEx (collectively, the “Acquired Financial Metrics”). The Acquired Financial Metrics are

135

TABLE OF CONTENTS

predicated on Suncrete’s projected acquisitions, which are illustrative and consist of a hypothetical mix of target companies (the “Hypothetical Target Companies”) with whom Suncrete had management-level discussions; however, as of the time the Suncrete Projections were prepared, Suncrete had not yet begun formally negotiating letters of intent with any of the Hypothetical Target Companies nor had it received or commenced a detailed review of historical or operational information of any of the Hypothetical Target Companies. While Suncrete believes that it will enter into letters of intent with respect to any combination of the Hypothetical Target Companies or other target companies in the future, there can be no guarantee that it will do so. The Acquired Financial Metrics are primarily based upon preliminary information Suncrete has received from some of the Hypothetical Target Companies, including the number of trucks currently operating, the estimated yardage of concrete poured and the geographic areas in which such Hypothetical Target Companies’ services are being performed. There is no guarantee that Suncrete’s pricing assumptions or the preliminary data it has received will prove to be accurate. In addition, the Acquired Financial Metrics are subject to change based on the acquisitions that Suncrete actually completes and the diligence that it performs on these Hypothetical Target Companies