CTS Corporation ADJUSTED EBITDA YEAR-TO-DATE ($ in millions) As Reported for 2013 Continuing Operations excluding EMS divestiture Discontinued Operations: Nine Months 2014 Net earnings / (loss) from continuing operations 19.6 Depreciation and amortization expense Interest expense Tax expense / (benefit) EBITDA from continuing operations First Half 2014 11.4 12.7 1.8 11.0 $ Charges (credits) to reported EBITDA: Restructuring and asset impairment charges Additional legal costs Restructuring-related, one-time charges Additional CEO search, legal costs and acquisition* Transaction Costs Goodwill impairment Gain on sale-leaseback Total adjustments to reported EBITDA 45.1 Q1 8.4 1.2 7.2 $ 6.2 6.2 28.3 2014 2013 2012 5.1 2.0 13.5 4.2 0.6 3.9 $ 4.1 4.1 13.9 $ 51.3 $ 32.4 $ 15.0 Total Sales from continuing operations $ 303.6 $ 203.7 $ 100.7 16.9% $ 1.1 1.1 Adjusted EBITDA from continuing operations Adjusted EBITDA as a percentage of total sales from continuing operations 17.3 3.3 16.1 15.9% 38.6 $ 12.1 2.1 1.1 30.5 $ 4.5 1.5 2.5 (10.3) (1.8) 54.5 $ 28.7 $ 409.5 $ 304.5 14.9% 11.3 13.5 2.6 1.0 11.8 4.1 15.9 $ Full Year 2011 26.5 29.5 $ 279.9 2009 (15.0) 11.6 1.0 4.2 $ 2.6 0.3 3.0 $ 2010 17.7 34.5 12.7 1.7 10.9 $ 1.0 1.0 $ 35.5 $ 282.9 10.3 2.1 2.4 4.5 $ 14.7 $ 213.2 13.3% 9.4% 10.5% 12.6% 6.9% Nine Months 1st Half 2013 2013 2012 2011 Full Year 2010 2009 2008 Nine Months First Half 2012 2012 $ 20.3 21.0 $ $ (34.1) $ 28.1 $ 19.5 1.9 13.6 24.2 6.2 (1.8) As Historically Reported prior to 2013 Discontinued Operations: Net earnings / (loss) Depreciation and amortization expense Interest expense Tax expense / (benefit) EBITDA (0.9) $ (7.8) 16.7 2.8 14.9 $ Charges (credits) to reported EBITDA: Restructuring and asset impairment charges Additional legal costs Additional CEO search, legal costs and acquisition* Transaction Costs Goodwill impairment Gain on sale-leaseback Total adjustments to reported EBITDA 11.4 2.0 11.3 33.5 $ 16.9 10.0 2.3 0.6 12.9 8.9 1.5 10.4 $ 19.6 2.6 6.6 $ 49.1 17.5 2.1 5.4 $ 8.5 4.0 (10.3) 2.2 46.0 $ 46.3 $ 27.3 $ 51.3 $ 49.5 Total Sales $ 460.6 $ 301.1 $ 576.9 $ 588.5 Adjusted EBITDA as a percentage of total sales. 10.1% 9.1% 8.9% 17.6 1.1 6.0 $ 3.1 0.3 3.5 Adjusted EBITDA 8.4% *The 2012 quarterly expenses do not add to the full year or nine months amounts because the expenses in Q1 and Q2 were not material and therefore, not discussed. 22.0 46.7 $ 1.7 1.7 $ 48.4 $ 552.6 8.8% 1.0 $ 2.2 33.2 35.4 $ 36.4 $ 499.0 7.3% 56.7 $ 30.7 $ 36.6 $ 691.7 $ 438.6 8.3% 5.6 9.6 1.3 1.2 $ 4.7 1.2 5.9 62.8 9.1% $ 14.6 1.9 2.7 6.1 6.1 $ 11.5 17.7 3.8 3.8 $ 21.6 $ 301.3 7.2%