Micro Focus Fixed Income Presentation Deck
EBITDA: Micro Focus (IFRS) and HPE Software (US
GAAP)
Micro Focus Pro Forma UAEBITDA
(FYE 30 April, IFRS)
Underlying Adj. EBITDA ($m)
586
592
FY14A
FY15A
• Note: Actual Currency, Pro Forma²
• Accounting Standard: IFRS
FYE 30-April
613
FY16A
+
HPE Software Pro Forma UAEBITDA¹
(FYE 31 October, US GAAP)
EBITDA ($m)
688
.
Costs not transferring
657
738
80
658
FY14A
FY15A
LTM Q2 16
Note: Actual Currency, Pro Forma (i.e. adjusted for a number of
divestments at various points during the last two fiscal years
and the transfer of the Marketing Optimisation Business Unit
("MOBU") in the fourth quarter of FYE 2015)
Accounting Standard: US GAAP
FYE 31-October
¹ Included in the LTM Q2 2016 HPE Software illustrative constant perimeter EBITDA is approximately US$80m in overhead costs that will not transfer as part of the sale transaction
2 Pro Forma for acquisitions of the Attachmate Group and Serena acquisition
32
This represents the Micro
Focus IFRS EBITDA added
to the US GAAP EBITDA for
the twelve months to April
30th 2016
The IFRS treatment of the
US GAAP financial
statements are likely to
produce a difference from
this calculation
$1.35bn
Combined
UAEBITDA
MICRO
FOCUSView entire presentation