Investor Presentaiton
Our leverage policy is key to our financial strategy
Serasa 70%
US$bn
acquisition
6
5
4
Net debt to
EBITDA (x)
US$1.1bn
acquisitions
3.0
2.5
2.0
3
2
1
Juuluull
1.5
1.0
0.5
0
0.0
FY07
FY08
FY09 FY10 FY11
FY12 FY13 FY14
FY15 FY16 FY17 FY18
FY19
FY20
FY21
Net debt to EBITDA target range
Net debt to EBITDA
Net debt
29
29
Leverage policy target: Net debt in the range of 2.0-2.5x of EBITDA
experian.
Experian Public
Net debt / EBITDA leverage is calculated on a constant GAAP basis and excludes IFRS16 related operating lease liabilities, Depreciation and Amortisation, and finance charge adjustments.
Net debt includes adjustment for the Serasa put option FY08-FY12. Unless otherwise stated all references to EBITDA are to Benchmark EBITDA.
Source: Experian's Annual Reports from FY07 to FY21 - publicly available at www.experianplc.com/investors/reports/ and results announcement at
www.experianplc.com/investors/results-and-presentations.View entire presentation