Evercore Investment Banking Pitch Book
Financial Summary Information
Financial Summary - Financing Case
Revenue
Adj. EBITDA
% growth
% margen
Adj. EBIT
% growth
% margin
Adj EPS
Unlevered FCF
% of EBITDA
Capex
% of revent
Total Debt
Debt / EBITDA
Total Cash
(1)
(3)
M & F Worldwide Historical and Projected Financial Summary
12/31/08 12/31/09 12/31/10 LFQ
$1,814 $1,783
(2%)
$476
$1,906
K4
$465
$298
Ra
16%
$3.42
$6
$49
$2,483
Historical
$102
$473
2%
26%
$309
$5.51
$219
44%
$44
7%
$2,316
4.7x
$134
27%
$317
$6.35
$271
$40
7%
$2,251
4.8x
$313
$1,746 $1,773
1.4
(1%)
$441
$445
RA
25%
$284
(10%)
16%
$5.50
$22
5%
$46
$2,237
5.3x
$228
Projected
12/31/11 12/31/12 12/31/13 12/31/14 12/31/15
25%
$271
(14%)
15%
$5.01
$83
20%
$55
$2,201
5.7x
$297
$1,823
$484
10%
27%
$316
17%
17%
$6.38
$231
45%
$48
3%
Preliminary Draft - Confidential
($ in millions, except for per share amounts)
$2,036
4.2x
$292
$1,845
1%
$518
7%
78%
$354
12%
19%
$6.33
$269
52%
$43
7%
$1,858
3.6x
$286
Source Company filings, M & F Worldende Projections, Financing Case
Adjusted financials exclude asoet impairment charges, gains on the extingashment of debt, extracednary gans, and the settlement of contingent claims
Unlevered FCF defined as after-tax BBIT+ D&A Capex Change in NWC-Other cash outlays
LFQ through 6/30/11
EVERCORE PARTNERS
$1,841 $1,847
(0%)
0%
$524
28%
$364
3%
$6.36
$296
56%
$38
$1,663
3.2x
$285
$535
2%
29%
$382
5%
21%
$7.09
$316
59%
$37
$1,465
2.7x
$303
CAGR
08A-10A 10A-15E
(3%)
3%
36%
R.A.
2%
7%
R.A.
R...A..View entire presentation