2023 INVESTOR DAY
Veralto / Separation considerations
INCREMENTAL STAND-ALONE COSTS
~$70m of incremental stand-alone costs:
■
~140 bps impact to operating profit margin
~70 bps impact to Water Quality and PQI
segment operating profit margin
CAPITAL STRUCTURE AT SEPARATION
~$2.6b gross debt
■ ~2.2x gross leverage*
~$250m cash on hand
■ ~2.0x net leverage*
~$1.5b revolving line of credit
Note: Based on management estimates as of September 6, 2023; The Company defines gross leverage (non-GAAP) as long-term debt divided by trailing twelve-month Operating Profit.
The Company defines net leverage (non-GAAP) as net debt divided by trailing twelve-month Operating Profit; See appendix for reconciliations of non-GAAP measures
Investment Grade Capital Structure Provides Ample Operational and Strategic Flexibility
Veralto
2023 INVESTOR DAY | 55View entire presentation