Investor Presentaiton
New capital structure optimization; competitive
leverage
.
Reduced post transaction leverage
adds strategic flexibility and attractive
new debt terms
8 year maturity @ CDI (interbank
rate) +2%
Pre-payable at any time without
premium
No interest payment 1st 24
months, no amortization 1st 36
months from closing; thereafter
10% amortization per year and
50% on final maturity date
Cash increase accelerates new project
execution
Internal investment in expanded M&A
execution and integration teams
Disciplined focus on ROIC
Significantly enhanced liquidity for growth
Net Leverage (1)
5.2x
Cash (2)
(US$ Million)
146
2.2x
6
Pre-
Post-
Transaction Transaction
Pre-
Post-
Transaction Transaction
Debentures amortization schedule (US$ million)
211
38
38
38
38
19
2020
2021
2022
2023
2024
2025
R$
61
122
122
122
122
672
15
(1)
Reflects Net Debt/ Adjusted EBITDA. Estimated figures based on 2017E Adj. EBITDA and Net Debt. Net Debt is calculated as Gross Debt - Cash and Cash Equivalents. Net Debt, Adjusted EBITDA and
Net Debt / Adjusted EBITDA are non-IFRS financial measures. For a reconciliation of Estre's Net Debt to its indebtedness as reflected in its balance sheet, and Adjusted EBITDA to its net income
(loss), see the Appendix hereto.
estre
LODES COMEÇO
(2)
US$ information presented using an exchange rate of R$3.19 to US$1.00.View entire presentation