Total Growth Model: Cloud and ARR Growth
Cash Flows and Balance Sheet
Cash (USD$M) (as of 12/31/2023)
Total Cash
$1,003
TTM Q2 F'24 (USD$M)
■Acquisition Term Loan
■Term Loan B
■Senior Secured Notes
■Senior Notes
Debt Maturity Profile (USD$M) (1)
(as of 12/31/23)
Planned Debt Reduction
of at least $175M/quarter
Reflects $175M
$3,084 debt payment in
January 2024
Operating Cash Flows
CapEx Investments
$850
$138
$933
$1,000
$900
$850
$900
$650
C'24
C'25
C'26
C'27
C'28
C'29
C'30
C'31
Free Cash Flows (2)
$712
Consolidated Net Leverage
Ratio (3)
Key Debt Metrics
Principal Payments
$571
Dividend Payments
$263
3.7x
As of Dec 31,
2023
< 3.0x
By end of F'25
or sooner
$8.7B
Principal
Outstanding
5.3 years
Weighted Ave
Maturity
6.3%
Weighted Ave
Interest Rate
Total Fixed
Debt
49%
(1), (2), (3) See Slide Notes
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