SAGA Investor Update
Debt expected to significantly reduce over the next few years
Deleverage profile with stress test applied
IPO 2015/16 2016/17 2017/18 2018/19 2019/202020/21 2021/22 2022/23 2023/24 2024/25
Group net debt S of D ■S of A
Resilient balance sheet after applying
stress test scenarios and allowing for
mitigating actions, including:
Suspension of dividends inline with
our banking covenants
Announced disposals
Cost efficiencies
Consideration given to further
mitigating actions in scenarios of
longer travel disruption
•
Net bank debt expected to reduce over
the course of the 20/21 year
'Headroom' available to revised bank debt covenants in central scenario,
with further mitigating actions available in event of longer travel suspension
SAGA
Investor update 2 April 2020
21View entire presentation