Azek IPO Presentation Deck
Capital Structure Summary
Disciplined approach to capital deployment; LTM 3/31/20 RONTA of 34%
($ in millions)
CAPITALIZATION SUMMARY
Cash and Cash Equivalents
Revolving Credit Facility
First Lien Term Loan
Capital and Finance Leases
Total Secured Debt
Senior Unsecured Notes
Total Debt
Net Debt
LTM 3/31 Adj. EBITDA
Credit Statistics
Total Debt/LTM Adj. EBITDA
Net Debt/LTM Adj. EBITDA
Pre-IPO
Pro Forma(¹)
3/31/2020
$99
114
804
12
$931
350
$195
IPO
Adj.
($198)
(350)
$1,281 ($548)
$1,181
($554)
6.6x
6.1x
$6
(198)
Post-IPO
Pro Forma
3/31/2020
$105
114
606
12
$732
$732
$627
$195
3.8x
3.2x
Company financials
Note Refer to Appendix for reconciliations for return on net tongibile ossets (ROWTA), tat detand net dent
ASSUMPTIONS
AZEK
COMPANY
$625 million primary offering
Net proceeds to repay Senior Notes and other debt
Invest to support the business
Debt repayment
Acquisitions
THE
CAPITAL ALLOCATION PRIORITIES
Cives pro forme effect to the issance of $350 milion of new Senior Unsecured Notes on May 12, 2020, the redemption of 5315 milion of Senior Unsecured Notes plus accrued and anpaid interest the
repoyment of $25 milion under our Revolving Credit Facility, and a $4.6 million increase in cash
Includes present vstve of capital lease and finance lease payments.
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