PJT Partners Investment Banking Pitch Book
Pro Forma Financial Summary
PROJECTED REVENUE
(US$ mm)
$4,094 $4,034
1,695
2,400 2,353
1,681
$763
500
263
$4,556
$433
401
1,716 1,808
$4,768
2,841 2,960
FY 3/15A FY 3/16A FY 3/17E FY 3/18E FY 3/19E FY3/20E FY 3/21E
PROJECTED ADJ. EBITDA (POST-SBC, EXCL. EQUITY INCOME)
(US$ mm)
$575
469
$5,367 $5,381
$717
52
1,883 1,946
529
3,484 3,435 3,457
586
$5,469
$890 $894 $913
52
52
252
2,012
604
Lunar
238
625
236
106
136
FY 3/15A FY 3/16A FY 3/17E FY 3/18E FY 3/19E FY 3/20E FY 3/21E
Source: Lunar Management and Solar Management. Projections as provided by Lunar Management.
PROJECTED ADJ. EBITDA (PRE-SBC, INCL. EQUITY INCOME)
(US$ mm)
Solar ■ Synergies
$917
532
385
$596
434
$410
139
262
$750
499
PROJECTED FREE CASH FLOW
(US$ mm)
$315
$876
52
560
■ Transaction Adjustments
$591
153
$1,018 $1,054 $1,076
52
52
52
618
323
348
251
263
162
FY 3/15A FY 3/16A FY 3/17E FY 3/18E FY 3/19E FY 3/20E FY 3/21E
$643
173
638
364
319
$775
Confidential
210
$379
50
235
236
93
70
115
152
FY 3/15A FY 3/16A FY 3/17E FY 3/18E FY 3/19E FY 3/20E FY 3/21E
322
661
243
363
$774
177
335
262
PJT Partners
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