FY'24 Medium-Term Aspirations
Strong Cash Flows and Balance Sheet
Current Liquidity (US$)
Total Cash & Committed
Liquidity (1)
TTM Q3 FY'22 (US$M)
Trended Consolidated Net Leverage Ratio (2)
$2.38B
2.3x
2.0x
1.8x
1.6x
1.6x
1.5x
1.4x
Zix Acquisition
Closing
2.0x
1.9x
Operating Cash Flows
$1,026
Less: CapEx
$82
Q3 FY'20
Q4 FY'20
Q1 FY'21
Q2 FY'21
Q3 FY'21
Q4 FY'21
Q1 FY'22
Q2 FY'22
Q3 FY'22
Free Cash Flows (3)
$944
Debt Maturity Profile (6)
Less: Principal(4)
$10
933
Less: Dividends
Less: Share Buyback
$233
$255
Millions USD
Cash Generated for
Corporate Purposes (5)
$446
1000
800
600
400
200
0
10
CY'21
10
CY'22
10
CY'23
10
CY'24 CY'25
■Term Loan B
CY'26
CY'27
CY'28
CY'29
CY'30 CY'31
Senior Notes
900
850
900
650
1. Excludes restricted cash. Includes Cash and the Undrawn Revolver of $750m as of March 31, 2022
2. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology.
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3. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation and "Reconciliation of selected GAAP-based measures to Non-GAAP-based measures" included within our current and historical filings on Forms 10-Q, 10-K and 8-K.
4. Excludes redemption of $850m Snr. Notes 2026 in Q2F22. As of March 31, 2022, we had no outstanding balance under the Revolver.
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5. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives.
6. Undrawn Revolving Credit Facility of $750m matures in October 2024View entire presentation