Investor Overview Q1
Free Cash Flow Walk
Consolidated ($ in millions)
Net loss
Non-cash items:
Depreciation & Amortization
Interest Expense & Other
Amortization of Acquired Contracts
Pension Expense (including Q1 curtailment)
OPEB Income
Income Tax Expense
Non-recurring Cash Drivers*
Cash sources (uses):
Working Capital Change
FY'22 Q1
$
(30)
15
•
39
(2)
4
(2)
1
(100)
•
FY'22 Q1 Cash Drivers*
($42M) of advance liquidation (2 payments in Q1)
($18M) customer settlements
($20M) funding on B747-8
($20M) in restructuring costs
Expected FY'22 Cash Drivers
•
.
($84M) of advance liquidation; ($21M) in Q3 & Q4
($60M) of funding on B747-8 exit; Mostly 1st half
($25M) of customer settlements; Mostly 1st half
Interest Payments
Capital Expenditures
Tax Payments, net
Free Cash Use
(34)
(39)
(2)
(1)
$
(151)
Triumph Group
See Appendix for reconciliation of cash used in operations to free cash use
Retiring Non-recurring Cash Drivers As Expected; Reducing Over Remainder of the Year
TRIUMPH GROUP / INVESTOR OVERVIEW
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