NXP Investor Presentation First Quarter 2023
Debt Summary at the End of 1Q23
(1,2)
Sr.
Sr.
Sr.
Sr.
Sr.
Sr.
Debt Instrument
Notes
Notes
Notes
Notes
Notes
Sr.
Sr.
Unsecured Unsecured Unsecured Unsecured ||Unsecured | Unsecured Unsecured Unsecured Unsecured Unsecured Unsecured Unsecured Unsecured ||Unsecured Unsecured
Notes
Notes
Notes
Sr.
Sr.
Sr.
Sr.
Sr.
Sr.
Sr.
Revolving
Notes
Notes
Notes
Notes
Notes
Notes
Notes
Credit
Facility
Issue Date
Maturity Date
Dec-18
Mar-24
Apr-20
Dec-18
May-25
Mar-26
Jun-19
Jun-26
Apr-20
May-27
May-22
Jun-27
Dec-18
Dec-28
Jun-19
Jun-29
Apr-20
May-30
May-21
May-31
Nov-21
Feb-32
May-22
Jan-33
May-21
May-41
Nov-21
Feb-42
Nov-21
Nov-51
Issued Amount (M)
$ 1,000
$
500
Book Value (M)
$
999
$ 499
$
$
500
498
$
750 $
$ 748 $
500 $ 500 $
498
$ 497 $
500 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $
497 $ 994 $ 994 $ 992 $ 993 $ 989 $ 988 $ 492
Aug-22
Aug-27
500 $ 500 $ 2,500
$ 491
$
Coupon
4.875%
2.700%
5.350%
3.875%
3.150%
4.400%
5.550%
4.300%
3.40%
2.50%
2.65%
5.00%
3.25%
3.125%
3.250%
Adj. Fwd.
SOFR
+112.5 bps
Rating
Moody's
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
Baa3
NR
Standard & Poor's
Fitch
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
NR
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
NR
Total Leverage
Total Debt ($M)
$ 11,167
Total Cash ($M)
$
3,930
Net Debt ($M)
$
7,237
TTM Adj. EBITDA
$
5,457
Cost of Debt
3.79%
Reported Gross Leverage
2.0X
Reported Net Leverage
1.3X
TTM Adj. EBITDA/TTM net Interest
16.4x
1.
2.
$1,000
$750
$500
$500
$500
$500
$500
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$500
$500
2023
2024
2025
'24 Sr. Unsecured Note (4.875%)
■'27 Sr. Unsecured Note (4.40%)
■'32 Sr. Unsecured Note (2.65%)
2026
2027
2028
2029
2030
2031
2032
■'25 Sr. Unsecured Note (2.70%)
■'28 Sr. Unsecured Note (5.55%)
■'33 Sr. Unsecured Note (5.00%)
'26 Sr. Unsecured Note (5.35%)
■'29 Sr. Unsecured Note (4.30%)
■'41 Sr. Unsecured Note (3.25%)
2033
■'26 Sr. Unsecured Note (3.875%)
■'30 Sr. Unsecured Note (3.4%)
■'42 Sr. Unsecured Note (3.125%)
2041
2042
■'27 Sr. Unsecured Note (3.15%)
■'31 Sr. Unsecured Note (2.50%)
■'51 Sr. Unsecured Note (3.25%)
2051
Please refer to the NXP Historic Financial Model file found on the Financial Information page of the Investor Relations section of our website at www.nxp.com/investor for additional information relative to our Non-GAAP Financial Measures
For the fourth quarter ended December 31, 2022, Interest expense, net of ($76) million is comprised of interest expense of ($108) million, less interest income of ($32) million. Interest expense, net is a component of Financial income (expense) of ($103) million as reported in the NXP Historic Financial Model file found
on the Financial Information page. Historical information along with the calculation of TTM Adj. EBITDA/TTM net interest, can be found in the file referenced in footnote 1 on the P&L tab.View entire presentation