Owens&Minor Investor Conference Presentation Deck
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12
Strong FCF Profile Provides Ability to Significantly Reduce Debt
Balance Sheet and Cash Flow¹
Free Cash Flow² has grown at a 36% CAGR under management team³
Expecting to generate ~$400m of FCF in FY22
Pro Forma TTM net leverage of 3.7x (post-Apria acquisition)4
Capital allocation will prioritize debt reduction and reinvestment for long-term growth
Expect to return to target leverage range of 2x-3x within 18-24 months based on our strong FCF profile
1 Reconciliations for Non-GAAP measures, including Free Cash Flow, Pro Forma Adjusted EBITDA, and Net Debt are presented in the appendix
2 Free Cash Flow defined as Adjusted EBITDA less capital expenditures
3 Calculated from year-ended December 31, 2018 to year-ended December 31, 2021
4 Net leverage = Net Debt/Pro Forma Adjusted EBTIDA
Owens
VI & MinorView entire presentation