Advent Investor Day Presentation Deck
Finance
ADVENT
Balance Sheet and Liquidity
$59.3 million in cash as of March 31, 2022; no debt;
anticipate receiving -$5 million in the second half of
2022 in tenant improvement allowances for Hood
Park facility as reimbursement for spending that
occurred in the first half of 2022
Excluding any margin contribution from revenue
and Hood Park impact, net spending currently
averages ~$11 million per quarter
Targeting a 20% reduction of this run rate
Cash use higher than average in Q1 due to annual
payments such as insurance renewals, and lower
than average in Q2-Q4.
• Green HiPo Funding: Euro 782.1 million over six
years, as follows (in euro million):
●
.
Year 1 35.8
Year 2
84.3
Year 3
175-7
Year 4
Year 5
Year 6
259.3
111.7
115.2
500
20
200
1007
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POLE
8
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