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Non-U.S. GAAP Measures 2008

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performance of a company’s business. The ratio of net debt to EBITDA is a measure used by management ... our costs and ability to generate profits and cash flows. Therefore, any measure that excludes ... of our costs and ability to generate profits. Therefore, any measure that excludes depreciation and ... the payment of income taxes is a necessary element of our costs, any measure that excludes tax expense ... -for-dollar basis, this measure may have material limitations. We compensate for the foregoing ... Non-U.S. GAAP Measure ... performance of a company’s business. The ratio of net debt to EBITDA is a measure used by management ... our costs and ability to generate profits and cash flows. Therefore, any measure that excludes ... of our costs and ability to generate profits. Therefore, any measure that excludes depreciation and ... the payment of income taxes is a necessary element of our costs, any measure that excludes tax ex

Non-U.S. GAAP Measures 2006

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company's business. The ratio of net debt to EBITDA is a measure used by management to assess the level ... directly comparable U.S. GAAP financial measure, a reconciliation of EBITDA to income from operations, which is the most directly comparable U.S. GAAP financial measure, as well as the calculation of the ... .S. GAAP Measure: Net Debt Millions of Euro Dec. 31, 2005 Dec. 31, 2004 Long-term debt ... (-) (372.3) (257.3) Net debt (=) 1,435.2 1,716.0 Non-U.S. GAAP Measure: EBITDA Millions of Euro FY 2005 FY ... ... company's business. The ratio of net debt to EBITDA is a measure used by management to assess the level ... directly comparable U.S. GAAP financial measure, a reconciliation of EBITDA to income from operations, which is the most directly comparable U.S. GAAP financial measure, as well as the calculation of the ... .S. GAAP Measure: Net Debt Millions of Euro Dec. 31, 2005 Dec. 31, 2004 Long-term debt ... (-) (372.3) (257.3) Net d

Non-U.S. GAAP Measures 2007

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35%

arrangements have on the funds available to the Company. Net working capital is not a measure of ... its calculation; and share this measure with all investors at the same time. Net working capital is ... addition, this measure is only one of several comparative tools, together with U.S. GAAP measurements, to ... financial measure. Non-U.S. GAAP Measure: Net working capital Millions of Euro Dec. 31, 2006 Dec ... business. The ratio of net debt to EBITDA is a measure used by management to assess the Company’s level ... ... arrangements have on the funds available to the Company. Net working capital is not a measure of ... its calculation; and share this measure with all investors at the same time. Net working capital is ... addition, this measure is only one of several comparative tools, together with U.S. GAAP measurements, to ... financial measure. Non-U.S. GAAP Measure: Net working capital Millions of Euro Dec. 31, 2006 D

Non-U.S. GAAP Measures 2009

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32%

performance of a company’s business. EPS before trademark amortization is not a measure of performance ... of the Company’s operating performance; ensure that this measure is fully understood in light of how ... calculation; and share this measure with all investors at the same time. EPS before trademark ... financial statements prepared in accordance with U.S. GAAP. Rather, this non-GAAP measure should be used as ... performance of the Company. The Company cautions that this measure is not a defined term under U.S. GAAP ... ... performance of a company’s business. EPS before trademark amortization is not a measure of performance ... of the Company’s operating performance; ensure that this measure is fully understood in light of how ... calculation; and share this measure with all investors at the same time. EPS before trademark ... financial statements prepared in accordance with U.S. GAAP. Rather, this non-GAAP measure should be used a