Melrose Investor Conference Presentation Deck
Melrose key financial numbers: GKN & Nortek both highly cash generative
Melrose
4. Strong cash generation since the GKN acquisition from all businesses
Total Melrose cash flows since GKN acquisition:
Buy
Improve
Sell
£3.4bn
Opening
net debt¹
Leverage ¹
c.2.5x
Total cash inflow
£3.5bn
£2.5bn
Disposals
£1.0bn
Free cash inflow ¹
Net debt 'repaid'
excluding
disbursement to
shareholders.
£1.1bn
returned to
shareholders
since GKN
£3.5 billion total cash inflow since GKN acquisition:
£2.5 billion of disposal proceeds (excluding Nortek Control)
£1.0 billion of free cash flow from the business post all costs (see next slide)
1. Described in the glossary to the 2021 Interim Financial Statements, released on 2 September 2021
£1.0bn
current proforma
net debt¹.
1.5x proforma
leverage ¹
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