Citi Investment Banking Pitch Book
Charlie Finances (Projected Paydown)
(in mons, excepper share)
(Dolbys in Ilon)
EBITDA
Less: Old Interest Expense
New Interest Expense
Cari Taxes
Captal Expenditures
Change In Working Capital
Pas / Less: Tax Adjustment
Levered Free Cash Row
Credit Statistic.
Total Debt
Total Debt/ EBITDA
(Dolls in Milone)
EBITDA
Less: Old Interest Expense
New Ite est Expense
Casi Taxes
Captal Expenditures
Change In Working Capital
Pls / Less: Tax Adjustment
Levered Free Cash Row
30
Credit Statistic
Total Debt
Total Debt/EB ITDA
30% Premium
2004 E
$2,459
(42)
671)
0
(1,400)
0
153
$198
2004 E
$2,459
(442)
630)
0
(1,400)
0
153
$140
2005 E
$2,833
40% Premium
$16,507
(407)
621)
(43)
(1,312)
6.7x
0
22
$473
2005 E
$2,833
2006 E
$3,252
(407)
681)
0
(1,312)
0
22
$455
(372)
693)
(282)
(1,217)
0
4
$692
$15,735 $15,566 $14,874 $13,730 $12,195
6.4x5.5____1__3.7x____29x_
2006 E
$3,252
(372)
(56)
(254)
(1,217)
2007 E
$3,7 22
0
4
$657
(354)
678)
(48)
(1,122)
0
24
$1,144
2007 E
$3,7 22
(54)
(44)
(422)
(1,122)
0
24
$1,103
2003E
$4,185
$16,355 $15,697 $14,594
5.8x
48x
(343)
(616)
(629)
(1,042)
0
(20)
$1,535
2003E
$4,185
(343)
(585)
(202)
(1,042)
0
(20)
$1,492
$13,102
39 3.1x
03-08
CAGR
14.2%
66.8%
03-08
CAGR
14.2%
20.8%
DRAFT
29-Jun-04
Citigroup]View entire presentation