Hexagon Composites — Fund Information / Factsheet 2017

May 10, 2017

Agility Fuel Solutions Proforma P&L	2017	2016	2016
As Reported by Agility USD m	Q1	Q1*	Full Year*
	USD m	USD m	USD m
Revenue	40,0	45,4	153,1
Operating expenses	-36,5	-42,1	-144,8
Adjusted EBITDA	3,5	3,3	8,3
Adjusted EBITDA margin	8,8 %	7,3 %	5,4 %
Share based compensation Transaction & other non-recurring expenses	-1,9 -0,2	-1,3 -1,7	-4,9 -10,8
Reported EBITDA	1,4	0,3	-7,4
Depreciation and amortisation Interest expense	-2,1 -0,4
Profit before tax	-1,1
As Reported by Hexagon NOK m
	NOK m
HEX 50% share of Agility Fuel Solutions Profit before tax before adjustments	-4,6
GAAP and other accounting driven adjustments	3,4
Profit/(loss) from investments in associates and joint ventures before intangible amortisation	-1,2
Intangible amortisation as recorded by Hexagon	-3,5

Profit/(loss) from investments in associates and joint ventures -4,7

* - Proforma comparative figures estimated on the basis that Agility Fuel Solutions combined results were effective throughout 2016