Investor Presentaiton
LONG-TERM FREE CASH FLOW SUPPORTS GROWTH STRATEGY
Average Over Past Five Years2:
FCF: ~$46 Million
FCF as a % of Adjusted Net Income:
~110%³
CapEx: ~2-3% of Sales
Free Cash Flow (FCF)1 ($ in millions)
$80
$70
$66
$46
$60
$48
$50
5-year Avg.
$49
$39
$40
$28
Strong Balance Sheet
$30
$20
$10
Free Cash Flow
Support Growth Plans
$0
2018
2019
2020
2021
2022
1 Free Cash Flow defined as cash from operating activities less capital expenditures and Free Cash Flow Conversion is defined as Free Cash Flow / cash from operating activities
2: Reflects 5 year average from 2018 through 2022
3: Non-GAAP metric is reconciled to nearest GAAP metric within the Company's 10-K as filed with the SEC
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