Citi Investment Banking Pitch Book
Papa Finances (Projected Paydown)
(Sin ons, excepper share)
Dolla Mora)
EBITDA
Papa EBITDA
Charle EBITDA
Less: Old heresi Expense
New heresi Expense
Can Taves
Capi Expenditures
Plus / Less: Texx Aduus meni
Levered Free Cach Ro
Credit Btstico
Told Debl
To Debl? EBITDA
Dola Millora)
EBITDA
Papa EBITDA
Charle EBITDA
Less: Old Interest Expense
New heresi Expense
Cash Taxes
Capi Expenditures
Plus Less: Tax Ads meni
Lovered Free Cach Ro
35
Credit atat ctoc
To Debl
To Debl EBITDA
30% Premium
2004E
$3,245
735
2,499
(5+1)
(537)
(75)
(1247)
153
1243
2004E
$3,245
735
40% Premium
2,459
2006 E
$3,784
951
2X0
(595)
(635)
(5+1)
(545)
(75)
(1247)
153
128
(154)
(1,747)
ZZ
1873
$19,024
5.5%
2006 E
$3,784
951
2X3
(595)
(97)
(120
(1,747)
ZZ
0842
2008 E
$4,278
1,025
3,252
(525)
(709)
$18,763
(405)
(1,578)
4
$1,084
2007 E
$5.00
2008 E
14,278
1,025
3,252
(525)
(773)
(385)
(1,578)
$1,042
1,795
3,722
$18,253 $17,995 $17,412 $15,972 $13,921
5.7x41x32____25_
(484)
(695)
(545)
(1,455)
24
1,743
2007 E
$50
1,295
3,7ZZ
(45)
(762)
2003 E
$5,533
1,348
4,135
067230
(1,456)
24
$1,703
(404)
(63)
(351)
(1,353)
(200
$2,270
2003 E
$5,5x3
1,348
4,185
(404)
(704)
(24)
(1,3530
(200
$2,223
$14,828
18,235
$16,
50+3 3.4 2.7x_
'02-03
CAOR
1+3%
142
74.09
'03-03
CUER
1+3%
142
36.2%
DRAFT
29-Jun-04
Citigroup]View entire presentation