Experian Results Presentation Deck
Historic leverage trends
35
US$bn
6
LO
4
3
2
1
0
Serasa 70%
acquisition
10
FY07
FY08 FY09 FY10 FY11
Net debt to EBITDA target range
O Experian Public
FY12
US$1.1bn
acquisitions
1ml
FY15 FY16
FY13
FY14
Net debt to EBITDA
FY17 FY18 FY19
FY20 FY21
Net debt
Leverage policy target: Net debt in the range of 2.0-2.5x of EBITDA
Net debt / EBITDA leverage is calculated on a constant GAAP basis and excludes IFRS16 related operating lease liabilities, Depreciation and Amortisation, and finance charge adjustments.
Net debt includes adjustment for the Serasa put option FY08-FY12. Unless otherwise stated all references to EBITDA are to Benchmark EBITDA.
Source: Experian's Annual Reports from FY07 to FY21 - publicly available at www.experianplc.com/investors/reports/ and results announcement at
www.experianplc.com/investors/results-and-presentations.
experian.
FY22
Net debt to
EBITDA (x)
3.0
2.5
2.0
1.5
1.0
0.5
0.0View entire presentation