Signify Financial Outlook and Performance
Capital allocation policy
Cash available
Continued free cash flow generation
Managing our financial ratios to maintain a financing structure
compatible with an investment-grade profile
Cash uses
Dividend pay-out within 40-50% of continuing net
income*
Share repurchases
Balance sheet optimization
Seizing non-organic opportunities primarily through
small- to medium-sized acquisitions
2017
EUR 403m free cash flow
Net leverage stable at 0.5x
Dividend paid of EUR 157m
Pay-out of 52%
EUR 307m
EUR 42m contribution to US
pension fund
E.g. Lite Magic
33 *Continuing net income: recurring net income from continuing operations, or net income excluding discontinued operations
and excluding material non-recurring items such as restructuring, acquisition-related and separation charges
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