Micro Focus Fixed Income Presentation Deck
Micro Focus Will Maintain Its Commitment to Prudent
Financial Policy
Commitment to
low leverage
Strong liquidity
position
Transparent
dividend policy
Selective and
proven M&A
policy
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Continued commitment to target a net reported leverage of 2.5x Facility EBITDA
Pro forma for this transaction, leverage to return below 2.5x within two years following completion of the
transaction supported by debt paydown, EBITDA growth and strong free cash flow generation
Strong liquidity profile provided by Micro Focus free cash flow generation capability
$500mm revolving credit facility as part of commitments totalling $5.5bn of debt financing related to the
transaction
Refinancing of existing indebtedness will ensure a long-dated maturity profile with no upcoming maturities
Micro Focus maintain a long-term commitment to deliver enhanced shareholder returns and development
of the company
Micro Focus intends to continue its stated dividend policy post the transaction of distributions equal to
approximately half of adjusted net income
Micro Focus management have a proven track record in execution of M&A transactions and delivering on
subsequent integration processes
MICRO
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