Evercore Investment Banking Pitch Book
Appendix
MFW Capitalization
HCHC Debt
$100mm 1st Lien Revolver
1st Lien Term Loan B
Senior Floating Rate Notes
Senior Fixed Rate Notes
Capital Leases and Other
Total HCHC Debt
Mafco Debi
$45mm Senior Secured Revolver
Total Mafco Debt
Total Debt
Cash / Notes Receivable
Net Debt
8
Shareholders' Equity
Total Enterprise Value
Source Company Filing, MFW Projections, Bloomberg and Markt
(1) Laber floor of 1.25%
6/30/2011
Book Value
$3 L+250
$1,725 1+250
207 L+475
271 9.500%
4 NA
$2,210
$2,237
$228
$2,009
Capital Structure
397
$2,405
(2) L+15-20%, based on MFW consolidated leverage ratio at end of each fiscal queter
(3) Includes cash and cash equivalents and $3 million of notes receivable
(4) Shareholder's Bqaty as of the share price dloue on 9/9/11
EVERCORE PARTNERS
Coupon Maturity
$27 L+150
$27
65
11
Ratings
6/28/13
B+/B1
6/30/14
B+/B1
5/15/15 B-/Caal
5/15/15
ΝΑ
B-/Caal
NA
12/15/15
NA
Cumulative Debt/LTM EBITDA
Segment
Consolidated
0.0x
4.0
0.5
0.6
0.0
5.2x
0.8x
0.8x
Confidential
($ in millions)
0.0x
3.9
0.5
0.6
0.0
5.0x
0.1x
0.1x
5.0x
4.5x
5.4xView entire presentation