Universal Leaf Tobacco Company Presentation
Appendix
Free Cash Flow
Free Cash Flow defined as EBITDA less Capital Expenditures
In millions
2019
2020
Fiscal Year Ended
Three Months Ended
June 30,
2021
2022
2023
2022
2023
EBITDA
$204
$169
$195
$219
$241
$27
$22
Capital
Expenditures
Free Cash Flow
$39
$35
$66
$53
$55
$15
$18
$165
$134
$128
$166
$186
$12
$4
Note: Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally accepted accounting principles. The non-GAAP results
described in this presentation are financial measures that are not required by, or presented in accordance with generally accepted accounting principles ("GAAP"). The non-GAAP information
provides information to assist comparability and estimates of future performance. Universal believes these measures are helpful in assessing operations and estimating future results and enable
period-to-period comparability of financial performance. Non-GAAP results should not be considered as an alternative to revenue or income amounts determined in accordance with GAAP and
should be read in conjunction with their GAAP counterparts.
Note: Numbers may not sum to totals due to rounding
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