2022 Financial Guidance
Free Cash Flow Generation
AKUMIN
The company expects to generate
free cash flows of ~$55mm as per
the following assumptions:
Mid range of the 2022
.
guidance
•
Full deployment of 2022
Growth CAPEX of $59M and
Maintenance Capex of
$26mm
After integration synergies and
run-rate of planned 2022
growth investments
Stonepeak interest payment
are PIK's during 2022
$3.7M LTM Sept 2021 represents
only one month of Alliance, vs
2022 Midpoint which includes a
full twelve months period for the
combined entities.
Adjusted EBITDA (1)
$
2022
2022
LTM
Sep 30 2021 Midpoint Runrate
42.1 $ 160.6 $ 186.8
Less:
Cash interest payments
(20.0)
(67.5) (67.5)
Capital lease payments
(6.1)
(32.4)
(32.4)
Cash Capex
(7.5)
(10.0)
(10.0)
Cash M Distributions
(4.8)
(22.0)
(22.0)
(2)
Free Cash Flow
$ 3.7 $
28.8 $
28.8 $ 55.0
(1) Run rate Adjusted EBITDA includes 2022 mid point guidance, run-rate adjustments for 2022 business development
investments plus targeted integration synergies. See Appendix 1 for reconciliation to net income.
(2) Free Cash Flow is not a standardized financial measure under GAAP and might not be comparable to similar financial
measures disclosed by other issuers. See the appendices to this presentation for a definition of such term and for comparable
historical information.
(2)
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