Ashtead Group Results Presentation Deck
NET DEBT
£m
Opening net debt
Impact of transition to IFRS 16
Opening net debt including IFRS 16
Change from cash flows
Translation impact
New lease liabilities
Lease liabilities acquired
Borrowings acquired
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)
12 Full year results ¦ 30 April 2021
2021
5,363
5,363
(1,045)
(343)
188
18
9
4,190
885
2,144
1,180
2,142
2,350
1,112
(241)
5,363
1.4
1.9
1.9
2.3
1 At April 2021 exchange rates
(19)
2020
3,745
883
4,628
314
133
189
74
15
10
5,363
4,190
2.5
2.0
1.5
1.0
2.3
2.0
€
Leverage (excluding impact of IFRS 16)
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1.8
At constant exchange rates (April 2021)
2012 2013 2014 2015
1.8
Fleet cost
1.7
2016
Fleet OLV
1.7
£1.7bn
1.6
2017 2018 2019
Net debt
1.8
1.9
1.4
2020 2021
Ashtead
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