Credit Suisse Investment Banking Pitch Book
CONFIDENTIAL
Illustrative LBO Sensitivity Analysis
CREDIT FIRST
SUISSE BOSTON
EXIT MULTIPLE SENSITIVITY
$33.00
$33.50
$34.00
$34.50
$35.00
$35.50
$36.00
LEVERAGE SENSITIVITY
$33.00
$33.50
8.0x
19.9%
18.6%
17.3%
16.2%
15.1%
14.1%
13.1%
$34.00
$34.50
$35.00
$35.50
$36.00
Note: Assumes 10.0x exit
Note: Assumes 7.2x leverage, based on LTM 3/31/05 PF EBITDA of $1,104.
Exit Multiple Sensitivity
6.5x
23.8%
22 8%
21.8%
20.8%
19.9%
19.1%
18.3%
9.0x
24.2%
228%
21.5%
20.3%
19.2%
18.1%
17.2%
10.0x
27.9%
26.5%
25.2%
23.9%
22.7%
21.7%
20.6%
Leverage Sensitivity
7.0x
26.4%
25.1%
23.9%
22.7%
21.7%
20.7%
19.8%
7.2x
27,9%
26.5%
25.2%
23.9%
22.7%
21.7%
20.6%
For Illustrative Purposes Only
11.0x
31,2%
29.7%
28.4%
27.1%
25.9%
24.8%
23.7%
7.5x
29.8%
28.1%
26.6%
25.2%
23.9%
22.7%
21.6%
12.0x
34.2%
32.7%
31.2%
29.9%
28.7%
27.5%
26.5%
8.0x
34.7%
32.4%
30.4%
28.6%
27.0%
25.4%
24.0%
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