Other Information - Glossary
Adjusted EBITDA consists of EBITDA plus or minus the result from the equity method of accounting interest in real estate companies, revenue from the rental of spun-off property, net non-operating result and minority interests. Adjusted EBITDA is not a measure of financial performance under Brazilian GAAP and should not be considered individually as a measure of the Company’s economic performance, as an alternative to net income or operating cash flows or as an indicator of liquidity. There is no standard formula for calculating Adjusted EBITDA and Marisa’s definition of Adjusted EBITDA may not be similar to the definition of Adjusted EBITDA used by other companies.
Market Arbitration Chamber established by the Bovespa for resolution of disputes between companies and its investors.
São Paulo Stock Exchange (Bolsa de Valores de São Paulo).
Accounting practices adopted in Brazil, or Brazilian GAAP or Brazilian Corporation Law.
The Brazilian Settlement and Custodial Company (Companhia Brasileira de Liquidação e Custódia).
Refers to Marisa S.A.
The Brazilian Securities Commission (Comissão de Valores Mobiliários).
Refers to the Brazilian real, the official currency of Brazil.
Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to institutional and other investors outside the United States and Brazil that are not U.S. persons.
Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to qualified institutional buyers of the United States.
Securities and Exchange Commission.
Refers to U.S. dollars.