FY 2017 First Quarter Earnings Call slide image

FY 2017 First Quarter Earnings Call

Cash and capital structure summary 12 ADIENT > Cash and cash equivalents of $709M at December 31, 2016 - - Capital expenditures totaled $207M in FY17 Q1 compared to $108M a year ago. At December 31, 2016, total gross debt and net debt of $3,461M and $2,752M, respectively - Net leverage at December 31, 2016 of 1.76x, down from 1.95x at September 30, 2016 Capitalization detail ($ in millions) $ Amount Coupon Cash & cash equivalents $709 Revolving credit facility ($1.5B) due 2021 Term loan A due 2021 1,500 LIBOR +175 > Near-term capital deployment plan on-track - Reinvest in the business for growth (profitable growth) Senior unsecured notes (EUR) due 2024 Senior unsecured notes (USD) due 2026 Other debt 1,052 3.500% 900 4.875% 51 Debt issuance cost (42) - Rapid de-leveraging Establish quarterly dividend in-line with peers (H2FY17) Total debt $3,461 Net debt1 $2,752 Q1 2017 Earnings / February 2017 Adient - Improving the experience of a world in motion 1 See appendix for detail and reconciliation to U.S. GAAP
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