First Quarter 2022 Financial Results
BALANCE SHEET AND LIQUIDITY UPDATE
NET LEVERAGE
Total Debt Outstanding¹
Less: Cash¹1
Net Debt¹
Run-Rate LTM Adj
EBITDA¹
Net Debt to run-rate Adj
EBITDA¹
●
●
$635.0M
PGT
$103.6M
$531.4M
$196.4M
2.7x
LIQUIDITY PROFILE
COMMENTARY
Strong and flexible balance sheet provides significant optionality to scale
Expense mitigation resulting in elevated free cash flow profile
• Net debt to adjusted EBITDA¹ ratio of 2.9x¹ before addition of run-rate adjustment
Cash
Unused Credit Capacity
Total Available Liquidity
Senior Notes (Oct 2029)
Term Loan (Oct 2024)
Total Debt Outstanding
$103.6M
$74.3M
$177.9M
$575.0M
$60.0M
$635.0M
Debt Maturity Schedule ($M)
as of 4/2/2022
2022
INVENT. BUILD. DELIVER. 1. Refer to reconciliation to GAAP on slide 16 for calculations of the ratios of net debt to run-rate adjusted EBITDA and net debt to adjusted EBITDA.
2023
Term Loan
$60
2024
Senior Notes
$575
2029
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