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Itron Investor Presentation

DEBT AND LIQUIDITY OVERVIEW: DECEMBER 31, 2022 US$M $460 $258 Total Debt 1 Net Debt 1. Excludes amortization of debt fees. Itron ©2023 ITRON PROPRIETARY Debt » Net leverage 2.7x at end of Q4'22 >> Zero interest convertible notes Free Cash Flow and Liquidity >> FY Free cash flow of $5M >> Cash and equivalents of $202M >> $500M revolver ITRI Itron Investor Presentation - February 2023 | 15
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