Citi Investment Banking Pitch Book
Charlie Finances (Projected Paydown)
(Simons, excepper share)
(Dots in Mons)
EBITDA
Less: Old Interest Expense
New Interest Expense
Casi Taxes
Captal Expenditures
Change In Working Capital
Pas / Less: Tax Adjustment
Levered Free Cash Row
Credit Statistic.
Total Debt
Total Debt/ EBITDA
(Dollars in Milone)
EBITDA
Less: Old Interest Expense
New Inte est Expense
Cari Taxes
Capital Expedita res
Change In Working Capital
PMs / Less: Tax Adjustment
Levered Free Cash Flow
Credt Statisti
Total Debt
Total Debt/ EBITDA
29
10% Premium
2004 E
$2,459
(442)
(455)
0
(1,400)
0
153
$315
2004E
$2,459
2005 E
$2,833
(442)
(513)
0
(1,400)
0
153
$257
(407)
5000)
(135)
(1,312)
20% Premium
$14,966
0
22
$501
2005E
$2,833
(407)
(550)
89)
(1,312)
0
22
$487
2006 E
$3,252
(372)
(667)
(332)
(1,217)
0
4
$769
$10,385
$14,198 $14,000 $13,231 $12,005
58904.1x. 32 25x
6.1x 5.2
2006 E
$3,252
(372)
(630)
(30)
(217)
2007 E
$3,7 22
(354)
0
4
$7.30
645)
5000)
(1,122)
0
24
$1,225
2007 E
$3,7 22
(354)
612)
(474)
(1,122)
0
24
$1,184
$14,782 $14,051 $12,867
4.30
2003E
$4,185
(343)
(476)
(683)
(1,042)
0
$1,620
2008 E
$4,185
(343)
645)
(656)
(1,042)
0
(20)
$1,578
$11,289
350 23x_
03-08
CAGR
14.2%
50.6%
'03-'08.
CAGR
14.2%
57.5%
DRAFT
29-Jun-04
citigroup]View entire presentation