Aerocon, Llc 10-Q Quarterly Report August 2009

EVANSVILLE, IN - (April 22, 2009) - Berry Plastics Corporation (the "Company") estimates that its net sales will total approximately $758 million during its fiscal 2009 second quarter as compared to its fiscal 2008 second quarter sales of $844 million. The decrease is due to a combination of lower selling prices and lower sales volumes. Also, the Company estimates that its fiscal 2009 second quarter Adjusted EBITDA, which is a Non-GAAP measure, will be approximately $120 million. These amounts reflect management’s estimate as of the date of this press release; actual results may vary from these results. The following table reconciles estimated net loss to the Company’s estimate of Adjusted EBITDA for fiscal 2009 second quarter, the twelve months ended March 28, 2009 and reported Adjusted EBITDA for fiscal 2008 second quarter:

	Unaudited
	Thirteen Weeks Ended						12 months ended
	Estimated			Actual			Estimated
($ in millions)	March 28, 2009			March 29, 2008			March 28, 2009

Adjusted EBITDA	$	120		$	123		$	509
Pro forma acquisitions		-			(5	)		-
Pro forma synergies		(4	)		(15	)		(24	)
Pro forma cost reductions		(4	)		(5	)		(17	)
Net interest expense		(62	)		(67	)		(265	)
Depreciation and amortization		(63	)		(63	)		(259	)
Income tax benefit		4			17			32
Business optimization expense		(4	)		(4	)		(19	)
Restructuring and impairment		-			(2	)		(5	)
Management fees		(2	)		(1	)		(6	)
Other non-cash items		9			(2	)		-
Stock based compensation		-			(5	)		(22	)
Net loss	$	(6	)	$	(29	)	$	(76	)

Adjusted EBITDA is a financial metric utilized in the calculation of the first lien leverage ratio as defined in the Company’s senior secured credit facilities. While the determination of appropriate adjustments in the calculation of Adjusted EBITDA is subject to interpretation under the terms of

The following information was filed by Aerocon, Llc on Wednesday, April 22, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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CIK: 1075629
Form Type: 10-Q Quarterly Report
Accession Number: 0000919465-09-000022
Submitted to the SEC: Mon Aug 10 2009 3:41:48 PM EST
Accepted by the SEC: Mon Aug 10 2009
Period: Saturday, June 27, 2009
Industry: Plastics Products