Investor Presentaiton
4
STRONG BALANCE SHEET AND RETURNS
Net leverage reduced by 30% and Adj. Net Income doubled in only 3 years
ROBUST DELEVERAGING PROFILE
NET DEBT (ЄM)
-13%
... AND DELIVERING STRONG RESULTS (**)
ADJUSTED NET INCOME (ЄM)
329.1
285.3
282.7
253.8
FY16
FY17
FY18
FY19
NET LEVERAGE RATIO (*)
3.4
2.7
-30%
2.4
2.1
20.1
+100%
40.2
31.6
32.3
FY16
Source: eDO Financial Statements
FY17
FY18
FY19
FY16
FY17
FY18
FY19
(*) Net Leverage Ratio: means the total amount of outstanding Net Financial Debt on a consolidated basis divided by "Adjusted EBITDA". This measure offers to the reader a view about the capacity of the Group to generate enough resources to repay the Gross Financial Debt, also considering the
available cash in the Group.
(**) Adjusted Net Income: means our IFRS net income less certain share-based compensation, restructuring expenses and other income and expense items which are considered by management to not be reflective of our ongoing operations. Adjusted Net Income provides to the reader a better view
about the ongoing results generated by the Group.
eDreams ODIGEO
40
INVESTOR PRESENTATIONView entire presentation