OUR ACTIONS EBITDA EBITDA ex. Identified Items 1 INFORMATION RELATED TO FINANCIAL MEASURES INFORMATION RELATED TO FINANCIAL MEASURES Normalized EBITDA is EBITDA assuming portfolio normalizations including benefits associated with the following strategic initiatives: Grow & Upgrade the Core, Building a Profitable Circular & Low Carbon Solutions ("CLCS") Business and Step Up Performance & Culture. Portfolio normalizations reflect a 2022 year-end asset portfolio with 2013- 2022 historical average margins and o ...