EXHIBIT 99.1

TPI Composites, Inc. Announces Second Quarter 2021 Earnings Results – Delivers Double Digit Top Line Growth in a Challenging Operating Environment

SCOTTSDALE, Ariz., Aug. 05, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the second quarter ended June 30, 2021.

Highlights

For the quarter ended June 30, 2021:

• Net sales of $458.8 million
• Net loss of $39.8 million or ($1.08) per diluted share
• EBITDA of $4.3 million
• Adjusted EBITDA of $17.4 million

1. Number of wind blade sets (which consist of three wind blades) produced worldwide during the period.
2. Estimated megawatts of energy capacity to be generated by wind blade sets produced during the period.
3. Utilization represents the percentage of wind blades produced during the period compared to the total potential wind blade capacity of manufacturing lines installed during the period.
4. Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.
5. Number of wind blade manufacturing lines installed and either in operation, startup or transition during the period.
   

“We are happy to report that we delivered solid top line and adjusted EBITDA results in the second quarter,” said Bill Siwek, President and CEO of TPI Composites. “We are closely monitoring resurgences of the COVID-19 pandemic, and we remain focused on creating a safe operating environment for our associates including working with local authorities in each of our regions to support our associates’ vaccinations. We are also pleased with the operational performance our team delivered against the continued challenging backdrop. Our team has been nimble working through supply chain hurdles, mainly relating to the resin and carbon fiber markets, as well as ongoing logistics challenges, which has allowed us to keep utilization levels stable in a difficult operating environment.

“We are excited that we reached a new long-term agreement with Nordex and executed a two-year extension of our supply agreement with Proterra. These wins are a testament to the versatility of our dedicated supplier model and the strength of our long-term customer relationships.

“We are also pleased to add Jerry Lavine as President of our Transportation business recently, bringing with him nearly 30 years of experience working with Tier 1 suppliers and major manufacturers in the automotive industry. We continue to expect increased demand for composite components and structures for electric vehicles as composite material systems can be the key material building blocks for purpose built electric vehicles. Moreover, the level of interest in our capabilities remains high and we are actively working with customers and potential customers to develop innovative composite solutions for vehicles across passenger automotive, bus, truck, and delivery vehicle platforms. We are optimistic about the future of this business, and we look forward to benefitting from Jerry’s expertise as we accelerate our growth in the transportation market.

“While we expect the overall wind market to be relatively flat in 2022, we believe the long-term prospects for the wind industry have strengthened both domestically and globally, and we remain confident in our strategy to serve our customers in an efficient and cost-effective manner across our global manufacturing footprint,” concluded Mr. Siwek.

Second Quarter 2021 Financial Results

Net sales for the three months ended June 30, 2021, increased by $85.0 million or 22.7% to $458.8 million as compared to $373.8 million in the same period in 2020. Net sales of wind blades increased by $70.6 million or 20.3% to $418.7 million for the three months ended June 30, 2021, as compared to $348.1 million in the same period in 2020. The increase was primarily driven by an 7% increase in the number of wind blades produced during the three months ended June 30, 2021, as compared to the same period in 2020, as a result of increased production at our Mexico, India, Turkey and Iowa facilities. The increase was also due to a higher average sales price due to the mix of wind blade models produced during the three months ended June 30, 2021, as compared to the same period in 2020, and foreign currency fluctuations. Additionally, when comparing our 2021 second quarter net sales against the comparable prior year period, our net sales were negatively impacted by the removal of five contracted manufacturing lines that expired in China at the end of 2020, which was partially offset by the adverse impact that the COVID-19 pandemic had on our net sales in the prior year period. Finally, the net sales increase was partially offset by a decrease in the year over year number of wind blades still in the production process at the end of the period. The fluctuating U.S. dollar against the Euro in our Turkey operations and the Chinese Renminbi in our China operations had a favorable impact of 1.8% on consolidated net sales for the three months ended June 30, 2021, as compared to the same period in 2020.

Total cost of goods sold for the three months ended June 30, 2021, was $450.5 million and included $4.5 million of costs related to lines in startup and $5.6 million of costs related to lines in transition during the period. This compares to total cost of goods sold for the three months ended June 30, 2020, of $378.6 million and included $6.9 million of costs related to lines in startup and $4.0 million of costs related to lines in transition during the period. Total cost of goods sold as a percentage of net sales decreased by approximately three percentage points during the three months ended June 30, 2021, as compared to the same period in 2020, driven primarily by a decrease in warranty costs and direct labor costs, partially offset by an increase in direct material costs and foreign currency fluctuations. The fluctuating U.S. dollar against the Euro, Turkish Lira, Chinese Renminbi and Mexican Peso had an unfavorable impact of 2.2% on consolidated cost of goods sold for the three months ended June 30, 2021, as compared to the same period in 2020.

General and administrative expenses for the three months ended June 30, 2021, totaled $6.7 million, or 1.5% of net sales, compared to $6.9 million, or 1.8% of net sales, for the same period in 2020. The decrease as a percentage of net sales was primarily driven by our continued focus on reducing costs.

Income taxes reflected a provision of $28.9 million for the three months ended June 30, 2021, as compared to a provision of $49.3 million for the same period in 2020. The decrease was primarily due to the change in the mix of earnings of foreign jurisdictions and U.S. tax on foreign earnings in the comparable periods, partially offset by the recording of a full U.S. valuation allowance and an increase in our uncertain tax positions for the three months ended June 30, 2021, as compared to the same period in 2020.

Net loss for the three months ended June 30, 2021, was $39.8 million as compared to a net loss of $66.1 million in the same period in 2020. The decrease in the net loss was primarily due to the reasons set forth above. The diluted net loss per share was $1.08 for the three months ended June 30, 2021, compared to a diluted net loss per share of $1.87 for the three months ended June 30, 2020.

Adjusted EBITDA for the three months ended June 30, 2021, increased to $17.4 million as compared to $3.3 million during the same period in 2020. Adjusted EBITDA margin increased to 3.8% as compared to 0.9% during the same period in 2020.

Capital expenditures were $8.3 million for the three months ended June 30, 2021, as compared to $15.0 million during the same period in 2020. Our capital expenditures primarily relate to machinery and equipment at our new facilities and expansion and improvements at our existing facilities.

We ended the quarter with $123.1 million of cash and cash equivalents, and net debt was $114.0 million as compared to $88.1 million as of December 31, 2020. We used $10.0 million of cash from operating activities and had negative free cash flow of $18.3 million during the three months ended June 30, 2021.

2021 Guidance

For the full year ending December 31, 2021, we update our guidance to the following:

      (1)   These numbers could be significantly impacted by COVID-19.
      (2)   Forecasting Q3 adjusted EBITDA to be approximately 40% of 2021 adjusted EBITDA guidance.
      (3)   See Table Four for the reconciliations of this non-GAAP financial data.

Conference Call and Webcast Information

TPI Composites will host an investor conference call this afternoon, Thursday, August 5, at 5:00 pm ET. Interested parties are invited to listen to the conference call which can be accessed live over the phone by dialing 1-877-300-8521, or for international callers, 1-412-317-6026. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 10158192. The replay will be available until August 12, 2021. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors section of the Company’s website at www.tpicomposites.com. The online replay will be available for a limited time beginning immediately following the call.

About TPI Composites, Inc.

TPI Composites, Inc. is the only independent manufacturer of composite wind blades for the wind energy market with a global manufacturing footprint. TPI delivers high-quality, cost-effective composite solutions through long-term relationships with leading OEMs in the wind and transportation markets. TPI is headquartered in Scottsdale, Arizona and operates manufacturing facilities in the U.S., China, Mexico, Turkey and India. TPI operates additional engineering development centers in Denmark and Germany.

Forward-Looking Statements

This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: our updated guidance for 2021; growth of the wind energy and electric vehicle markets and our addressable markets for our products and services; the impact of the COVID-19 pandemic on our business, effects on our financial statements and our financial outlook; our business strategy, including anticipated trends and developments in and management plans for our business and the wind industry and other markets in which we operate; our projected annual revenue growth; competition; future financial results, operating results, revenues, gross margin, operating expenses, profitability, products, projected costs, warranties, our ability to improve our operating margins, and capital expenditures. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in “Risk Factors,” in our Annual Report on Form 10-K and other reports that we will file with the SEC.

Non-GAAP Definitions
This press release includes unaudited non-GAAP financial measures, including EBITDA, adjusted EBITDA, net cash (debt) and free cash flow. We define EBITDA as net income (loss) plus interest expense (including losses on the extinguishment of debt and net of interest income), income taxes and depreciation and amortization. We define adjusted EBITDA as EBITDA plus any share-based compensation expense, any foreign currency income or losses, any gains or losses on the sale of assets and asset impairments and any restructuring charges. We define net cash (debt) as the total unrestricted cash and cash equivalents less the total principal amount of debt outstanding. We define free cash flow as net cash flow from operating activities less capital expenditures. We present non-GAAP measures when we believe that the additional information is useful and meaningful to investors. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. See below for a reconciliation of certain non-GAAP financial measures to the comparable GAAP measures.

Investor Relations
480-315-8742
Investors@TPIComposites.com

Exhibit 99.2

Q2 2021 Earnings Call August 5, 2021

Q2 2021 Earnings Call August 5, 2021 Legal Disclaimer This presentation contains forward - looking statements within the meaning of the federal securities law. All statements other tha n statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of m ana gement for future operations, are forward - looking statements. In many cases, you can identify forward - looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “inten ds,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar words. Forward - looking statements contained in this pr esentation include, but are not limited to, statements about: ( i ) the potential impact of the COVID - 19 pandemic on our business and results of operations; (ii) competition from other wind blade and wind blade turbine manufacturers; (iii) our ability to procure adequate supplies of raw materials and components in a cost - effective manner to fulfill our volume commitments to our customers; (iv) the discovery of de fects in our products and our ability to estimate the future cost of warranty campaigns; (v) growth of the wind energy and electric vehicle markets and our addressable markets for our products and servic es; (vi) the potential impact of the increasing prevalence of auction - based tenders in the wind energy market and increased competition from solar energy on our gross margins and overall financial perf orm ance; (vii) our future financial performance, including our net sales, cost of goods sold, gross profit or gross margin, operating expenses, ability to generate positive cash flow, and ability to achieve or maintain profitability; (viii) changes in domestic or international government or regulatory policy, including without limitation, changes in trade policy and a potential extension of the Production Tax Cred it in the United States; (ix) the sufficiency of our cash and cash equivalents to meet our liquidity needs; (x) our ability to attract and retain customers for our products, and to optimize product pricing; (xi) our ability to effectively manage our growth strategy and future expenses, including our startup and transition costs; (xii) our ability to successfully expand in our existing wind energy markets and into new inter nat ional wind energy markets, including our ability to expand our field service inspection and repair services business and manufacture wind blades for offshore wind energy projects; (xiii) our ability to suc cessfully open new manufacturing facilities, take over existing facilities of our customers and expand our existing facilities on time and on budget; (xiv) the impact of the accelerated pace of new product a nd wind blade model introductions on our business and our results of operations; (xv) our ability to successfully expand our transportation business and execute upon our strategy of entering new markets out sid e of wind energy; (xvi) worldwide economic conditions and their impact on customer demand; (xvii) our ability to maintain, protect and enhance our intellectual property; (xviii) our ability to comply wi th existing, modified or new laws and regulations applying to our business, including the imposition of new taxes, duties or similar assessments on our products; (xix) the attraction and retention of qualified e mpl oyees and key personnel; (xx) our ability to maintain good working relationships with our employees, and avoid labor disruptions, strikes and other disputes with labor unions that represent certain of our e mpl oyees; and (xxi) the potential impact of one or more of our customers becoming bankrupt or insolvent, or experiencing other financial problems.​ These forward - looking statements are only predictions. These statements relate to future events or our future financial performa nce and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to materially differ from any futu re results, levels of activity, performance or achievements expressed or implied by these forward - looking statements. Because forward - looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward - looking statements as guarantees of future events. Further information on the factors, risks and uncertainties that could aff ect our financial results and the forward - looking statements in this presentation are included in our filings with the Securities and Exchange Commission and will be included in subsequent periodic and current r epo rts we make with the Securities and Exchange Commission from time to time, including in our Annual Report on Form 10 - K for the year ended December 31, 2020. The forward - looking statements in this presentation represent our views as of the date of this presentation. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward - looking statements at some point in the future, we undertake no obligation to update any forward - looking statement to reflect events or developments after the date on which the statement is made or to reflect the occurrence of unanticipated events except to the extent required by applicab le law. You should, therefore, not rely on these forward - looking statements as representing our views as of any date after the date of this presentation. Our forward - looking statements do not reflect the pot ential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments we may make. This presentation includes unaudited non - GAAP financial measures including EBITDA, adjusted EBITDA, net cash (debt) and free cas h flow. We define EBITDA as net income (loss) plus interest expense (including losses on the extinguishment of debt and net of interest income), income taxes and depreciation and amortization. We define Adjusted EBITDA as EBITDA plus any share - based compensation expense, any foreign currency income or losses, any gains or losses on the sale of assets and asset impairments and any restructuring charges. We define net c ash (debt) as total unrestricted cash and cash equivalents less the total principal amount of debt outstanding. We define free cash flow as net cash flow from operating activities less capital expenditures. We present non - GAAP measures when we believe that the additional information is useful and meaningful to investors. Non - GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non - GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. See the Appendix for the reconciliations of certain non - GAAP financial measures to the comparable GAAP mea sures. This presentation also contains estimates and other information concerning our industry that are based on industry publicatio ns, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. 2

Q2 2021 Earnings Call August 5, 2021 Agenda 3 • Q2 2021 Highlights • Q2 2021 Financial Highlights and 2021 Guidance • Wrap Up • Q&A • Appendix – Non - GAAP Financial Information

August 5, 2021 Q2 2021 Highlights

Q2 2021 Earnings Call August 5, 2021 • Operating results and year - over - year comparisons to 2020: – Net sales were up 22.7% to $458.8 million for the quarter – Net loss for the quarter was $39.8 million compared to a net loss of $66.1 million – Adjusted EBITDA for the quarter was $17.4 million or 3.8% of net sales, a $14.1 million increase • Hired Jerry Lavine as President, Transportation • Added four lines for Nordex in Matamoros, Mexico • Extended Proterra agreement through 2024 • Added potential revenue of ~$460 million as a result of the Nordex and Proterra deals Q2 2021 Highlights 5 Net Sales and Adjusted EBITDA ($ in millions) Est. MW 2,655 3,303 $373.8 $458.8 $0 $250 $500 2Q20 2Q21 Net Sales $3.3 $17.4 $0 $5 $10 $15 $20 2Q20 2Q21 Adjusted EBITDA

Q2 2021 Earnings Call August 5, 2021 6 Embracing and operationalizing Environmental, Social and Governance (ESG) practices into everything we do will reduce risk, increase associate satisfaction, and improve operational execution, financial performance, and governance .  Promote a zero - harm culture focused on eliminating unsafe behaviors  Achieve 33 % women and 33 % racial and ethnically diverse persons on our Board of Directors by 2023  Achieve 25 % women in our Global Leadership Team by 2025  Achieve 25 % racial and ethnically diverse persons in our U . S . Leadership Team by 2025  Become carbon neutral by 2030 with 100 % of our energy being procured from renewable sources TPI’s Long - term ESG Goals

Q2 2021 Earnings Call August 5, 2021 • Global Operations Update • Global Service • Transportation • Supply Chain • Wind Market Business Update 7

Q2 2021 Earnings Call August 5, 2021 Drivers Accelerating the Global Energy Transition 8 • Clean energy policy including the Paris Climate Accord • Carbon emissions reduction goals including U.S. carbon free electricity 2035, China 2060 carbon neutral, European Union 2030, and India 2030 • Increased regulatory support including Biden Presidency, U.S. Wind Production Tax Credit extensions • Clean energy standards • Carbon pricing • Declining prices of renewable energy • Technology improvements including batteries, hydrogen, electric vehicles, electrification • Retirement of fossil fuel generation • Economic growth • Pandemic recovery • ESG • Climate change risk • Sustainability disclosures and reporting • Push towards sustainability e.g., Power to X such as heat, hydrogen, and synthetic fuels • Political pressure • Consumer choice • Population growth and urbanization Energy Transition Investor Social Regulatory Economic

Q2 2021 Earnings Call August 5, 2021 Existing Contracts Provide for ~$4.2 Billion in Potential Revenue through 2024 9 Long - term Supply Agreements (1) Long - term supply agreements provide for estimated minimum aggregate volume commitments from our customers of approximately $ 2.6 billion and encourage our customers to purchase additional volume up to, in the aggregate, an estimated total potential revenue of approximately $4.2 billion through the end of 202 4 Note: Our contracts with certain of our customers are subject to termination or reduction on short notice, generally with substantial penalties, and contain l iqu idated damages provisions, which may require us to make unanticipated payments to our customers or our customers to make payments to us. (1) As of August 5, 2021. The chart depicts the term of the longest contract in each location . 2021 2022 2023 2024 China India Mexico Turkey U.S.

August 5, 2021 Q2 2021 Financial Highlights and 2021 Guidance

Q2 2021 Earnings Call August 5, 2021 Q2 2021 Financial Highlights (unaudited) 11 Key Highlights • Net sales of wind blades increased by 20.3% • 7% increase in the number of wind blades produced year over year • 17% increase in the average selling price per blade • General and administrative expenses at 1.5% of net sales as we continue to focus on cost out initiatives (1) See Appendix for reconciliations of non - GAAP financial data. Key Statement of Operations Data Change (in thousands, except per share data) 2021 2020 % Net sales $ 458,841 $ 373,817 22.7% Cost of sales $ 440,416 $ 367,644 19.8% Startup and transition costs $ 10,099 $ 10,920 -7.5% Total cost of goods sold $ 450,515 $ 378,564 19.0% Gross profit (loss) $ 8,326 $ (4,747) NM General and administrative expenses $ 6,712 $ 6,887 -2.5% Foreign currency loss $ (6,504) $ (1,928) NM Income tax provision $ (28,890) $ (49,312) 41.4% Net loss $ (39,797) $ (66,101) 39.8% Weighted-average common shares outstanding (diluted) 36,881 35,299 Net loss per common share (diluted) $ (1.08) $ (1.87) Non-GAAP Metric Adjusted EBITDA (1) (in thousands) $ 17,361 $ 3,295 NM Adjusted EBITDA Margin 3.8% 0.9% 290 bps Key Performance Indicators (KPIs) Sets produced 843 788 55 Estimated megawatts 3,303 2,655 648 Utilization 82% 70% 1200 bps Dedicated wind blade manufacturing lines 50 52 2 lines Wind blade manufacturing lines installed 51 54 3 lines Three Months Ended June 30,

Q2 2021 Earnings Call August 5, 2021 Q2 2021 Financial Highlights – Continued (unaudited) 12 Key Highlights • Maintained strong cash position • Continued focus on cash conversion cycle • Significant cushion on debt covenants (1) See Appendix for reconciliations of non - GAAP financial data. Key Balance Sheet Data June 30, December 31, (in thousands) 2021 2020 Cash and cash equivalents $ 123,107 $ 129,857 Accounts receivable $ 147,827 $ 132,768 Contract assets $ 231,780 $ 216,928 Operating lease right of use assets $ 148,991 $ 158,827 Total operating lease liabilities - current and noncurrent $ 175,159 $ 182,024 Accounts payable and accrued expenses $ 310,320 $ 295,992 Total debt - current and noncurrent, net $ 236,275 $ 216,867 Net debt (1) $ (113,991) $ (88,061) Key Cash Flow Data (in thousands) 2021 2020 Net cash used in operating activities $ (9,995) $ (29,573) Capital expenditures $ 8,273 $ 15,047 Free cash flow (1) $ (18,268) $ (44,620) Three Months Ended June 30,

Q2 2021 Earnings Call August 5, 2021 2021 Guidance (1) 13 (1) These numbers could be significantly impacted by COVID - 19. (2) Forecasting Q3 adjusted EBITDA to be approximately 40% of 2021 adjusted EBITDA guidance. (3) See Appendix for reconciliations of non - GAAP financial data. Previous Updated Net Sales $1.75 billion to $1.85 billion $1.75 billion to $1.80 billion Adjusted EBITDA (2)(3) $110 million to $135 million $70 million to $85 million Dedicated Manufacturing Lines 50 54 Wind Blade Set Capacity​ 4,090​ 4,260​ Utilization % 80% to 85% Approximately 80% Average Selling Price per Blade $160,000 to $165,000 $165,000 to $170,000 Non - Blade Sales $100 million to $125 million $115 million to $125 million Capital Expenditures $55 million to $65 million Unchanged Startup Costs $8 million to $11 million $11 million to $13 million Restructuring Costs $9 million to $11 million $15 million to $22 million

August 5, 2021 Wrap Up

Q2 2021 Earnings Call August 5, 2021 Wrap Up 15 • Our priority is the health and safety of our associates and their families including helping them to get access vaccines • Continue to execute on our wind strategy and pipeline, and grow our global service team • Build on our momentum in transportation • Focus on managing working capital and liquidity • Evaluating multiple opportunities to build on our technologies and capabilities to support the growth, breadth and strength of our business • Overall mission and outlook – Decarbonize and Electrify – Expect the future for wind energy and EVs will continue to strengthen

August 5, 2021 Q&A

August 5, 2021 Appendix – Non - GAAP Financial Information This presentation includes unaudited non - GAAP financial measures including EBITDA, adjusted EBITDA, net cash (debt) and free cash flow. We define EBITDA as net income (loss) plus interest expense (including losses on the extinguishment of debt and net of interest income), income taxes and depreciation and amortization. We define Adjusted EBITDA as EBITDA plus any share - based compensation expense, any foreign currency income or losses, any gains or losses on the sale of assets and asset impairments and any restructuring charges. We define net cash (debt) as total unrestricted cash and cash equivalents less the total principal amount of debt outstanding. We define free cash flow as net cash flow from operating activities less capital expenditures. We present non - GAAP measures when we believe that the additional information is useful and meaningful to investors. Non - GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non - GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. See below for a reconciliation of certain non - GAAP financial measures to the comparable GAAP measures.

Q2 2021 Earnings Call August 5, 2021 EBITDA and adjusted EBITDA are reconciled as follows: Net debt is reconciled as follows: Free cash flow is reconciled as follows: (in thousands) 2021 2020 Net cash used in operating activities (9,995)$ (29,573)$ Less capital expenditures (8,273) (15,047) Free cash flow (18,268)$ (44,620)$ Three Months Ended June 30, June 30, December 31, (in thousands) 2021 2020 Cash and cash equivalents 123,107$ 129,857$ Less total debt, net of debt issuance costs (236,275) (216,867) Less debt issuance costs (823) (1,051) Net debt (113,991)$ (88,061)$ Non - GAAP Reconciliations (unaudited) 18 (in thousands) 2021 2020 Net loss (39,797)$ (66,101)$ Adjustments: Depreciation and amortization 12,501 11,616 Interest expense, net 2,691 2,545 Income tax provision 28,890 49,312 EBITDA 4,285 (2,628) Share-based compensation expense 2,925 2,374 Foreign currency loss 6,504 1,928 Loss on sale of assets and asset impairments 1,451 1,440 Restructuring charges, net 2,196 181 Adjusted EBITDA 17,361$ 3,295$ Three Months Ended June 30,

Q2 2021 Earnings Call August 5, 2021 Non - GAAP Reconciliations (continued) (unaudited) A reconciliation of the low end and high end ranges of projected net loss to projected EBITDA and projected adjusted EBITDA for the full year 2021 is as follows: 19 (in thousands) Low End High End Projected net loss (58,000)$ (65,000)$ Adjustments: Projected depreciation and amortization 49,000 51,000 Projected interest expense, net 9,000 11,000 Projected income tax provision 30,000 35,000 Projected EBITDA 30,000 32,000 Projected share-based compensation expense 10,000 12,000 Projected foreign currency loss 10,000 12,000 Projected loss on sale of assets and asset impairments 5,000 7,000 Projected restructuring charges 15,000 22,000 Projected Adjusted EBITDA 70,000$ 85,000$ (1)    All figures presented are projected estimates for the full year ending December 31, 2021. Full Year 2021 Guidance Range (1)