Ashtead Group Results Presentation Deck
NET DEBT
$m
Opening net debt
Change from cash flows
Translation impact
Debt acquired
New lease liabilities
Deferred debt raising cost amortisation
Net debt at period end
Comprising:
First lien senior secured bank debt
Senior notes
Lease obligations
Cash in hand
Net debt to EBITDA leverage¹ (excl. IFRS 16) (x)
Net debt to EBITDA leverage¹ (incl. IFRS 16) (x)
11
Nine month results | 31 January 2023
2023
7,160
1,229
(29)
181
275
3
8,819
2,000
4,555
2,301
(37)
8,819
1.6
2.1
2022
5,801
774
(31)
81
253
16
6,894
1,981
3,071
1,876
(34)
6,894
1.5
2.0
1 At January 2023 exchange rates
3.0
2.5
2.0
1.5
1.0
2.6
2.3
$m
2.0
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Leverage (excluding impact of IFRS 16)
2.0
1.9
Fleet cost
1.7
At constant exchange rates (January 2023)
2012 2013 2014 2015 2016 2017 2018 2019 2020
1.6
Fleet OLV
$4.2bn
1.8
Net debt
1.9
1.6
1.5
2021 2022
1.6
2023
Ashtead
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