Lithium Americas Corp

TSX:LACCanadaView on NYSE

---------------- ---------------- (in thousands) Net income $ 4,570 $ 5,692 Income tax provision (benefit) 1,003 (1,324) Interest expense 1,111 545 Interest income (1,127) (1,155) Depreciation, depletion and amortization expense 5,692 7,019 ---------------- ---------------- Consolidated EBITDA* $ 11,249 $ 10,777 ================ ================ *EBITDA is a non-GAAP measure and should not be considered in isolation or as a substitute for GAAP measures. NACCO defines EBITDA as net income before income taxes, net interest expense and depreciation, depletion and amortization expense. EBITDA is not a measure under U.S. GAAP and is not necessarily comparable to similarly titled measures of other companies. NACCO INDUSTRIES, INC. AND SUBSIDIARIES FINANCIAL SEGMENT HIGHLIGHTS AND SEGMENT ADJUSTED EBITDA RECONCILIATIONS (UNAUDITED) Three Months Ended March 31, 2024 -------------------------------------------------------------------------------------------------------- North American Minerals Unallocated Coal Mining Mining Management Items Eliminations Total ----------------- --------------- ---------------- --------------- ---------------- --------------- (In thousands) Revenues $ 15,545 $ 24,483 $ 10,401 $ 3,262 $ (402) $ 53,289 Cost of sales 20,943 21,671 1,364 2,712 (419) 46,271 ----------------- --------------- ---------------- --------------- ---------------- --------------- Gross profit (loss) (5,398) 2,812 9,037 550 17 7,018 Earnings of unconsolidated operations 12,007 1,365 (65) -- -- 13,307 Operating expenses* 7,026 1,822 1,042 5,678 -- 15,568 ----------------- --------------- ---------------- --------------- ---------------- --------------- Operating profit (loss) $ (417) $ 2,355 $ 7,930 $ (5,128) $ 17 $ 4,757 ================= =============== ================ =============== ================ =============== Segment Adjusted EBITDA** --------------- Operating profit (loss) $ (417) $ 2,355 $ 7,930 $ (5,128) $ 17 $ 4,757 Depreciation, depletion and amortization 2,214 2,256 993 229 -- 5,692 ----------------- --------------- ---------------- --------------- ---------------- --------------- Segment Adjusted EBITDA** $ 1,797 $ 4,611 $ 8,923 $ (4,899) $ 17 $ 10,449 ================= =============== ================ =============== ================ =============== Three Months Ended March 31, 2023 ---------------------------------------------------------------------------------------------------------- North American Minerals Unallocated Coal Mining Mining Management Items Eliminations Total ----------------- ----------------- ---------------- --------------- ---------------- --------------- (In thousands) Revenues $ 20,653 $ 20,633 $ 8,285 $ 1,191 $ (621) $ 50,141 Cost of sales 25,878 19,241 1,052 1,214 (601) 46,784 ----------------- ----------------- ---------------- --------------- ---------------- --------------- Gross profit (loss) (5,225) 1,392 7,233 (23) (20) 3,357 Earnings of unconsolidated operations 12,466 1,358 -- -- -- 13,824 Operating expenses* 6,928 1,920 1,189 5,330 -- 15,367 ----------------- ----------------- ---------------- --------------- ---------------- --------------- Operating profit (loss) $ 313 $ 830 $ 6,044 $ (5,353) $ (20) $ 1,814 ================= ================= ================ =============== ================ =============== Segment Adjusted EBITDA** --------------- Operating profit (loss) $ 313 $ 830 $ 6,044 $ (5,353) $ (20) $ 1,814 Depreciation, depletion and amortization 4,240 1,886 811 82 -- 7,019 ----------------- ----------------- ---------------- --------------- ---------------- --------------- Segment Adjusted EBITDA** $ 4,553 $ 2,716 $ 6,855 $ (5,271) $ (20) $ 8,833 ================= ================= ================ =============== ================ =============== *Operating expenses consist of Selling, general and administrative expenses, Amortization of intangible assets and (Gain) loss on sale of assets. **Segment Adjusted EBITDA is a non-GAAP measure and should not be considered in isolation or as a substitute for GAAP measures. NACCO defines Segment Adjusted EBITDA as operating profit (loss) plus depreciation, depletion and amortization expense. Segment Adjusted EBITDA is not a measure under U.S. GAAP and is not necessarily comparable with similarly titled measures of other companies.