Ashtead Group Results Presentation Deck
NET DEBT
$m
Opening net debt
Change from cash flows
Translation impact
Debt acquired
New lease liabilities
Deferred debt raising cost amortisation
Net debt at period end
Comprising:
First lien senior secured bank debt
Senior notes
Lease obligations
Cash in hand
Net debt to EBITDA leverage¹ (excl. IFRS 16) (x)
Net debt to EBITDA leverage¹ (incl. IFRS 16) (x)
11
Half year results ¦ 31 October 2022
2022
7,160
1,019
(76)
89
220
3
8,415
2,416
3,811
2,218
(30)
8,415
1.6
2.1
2021
5,801
431
(7)
38
151
15
6,429
1,609
3,070
1,765
(15)
6,429
1.5
1.9
1 At October 2022 exchange rates
3.0
2.5
2.0
1.5
1.0
2.5
2.1
Leverage (excluding impact of IFRS 16)
16,000
14,000
12,000
10,000
€8,000
6,000
4,000
2,000
0
2.0
1.9
1.8
Fleet cost
1.8
At constant exchange rates (October 2022)
2012 2013 2014 2015 2016 2017 2018 2019
Fleet OLV
1.8
↑
$3.9bn
1.9
Net debt
1.7
2020
1.5
2021
1.6
2022
Ashtead
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