Melrose Results 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:
Total cash inflow
£3.5bn
At GKN
acquisition
(2018)
Buy
Improve
Sell
£3.4bn
Opening
net debt¹
Leverage ¹
c.2.5x
£2.5bn
Disposals
£1.0bn
Free cash inflow ¹
£0.7bn
Return of Capital
£0.4bn Dividends
Total paid to shareholders
£1.1bn
At 30 June
2021
£1.0bn
Current proforma
net debt¹
Proforma
leverage ¹
1.5x
£3.5 billion total cash inflow since GKN acquisition:
£1.0 billion of free cash flow¹ from the business post all costs (see next slide)
£2.5 billion of disposal proceeds (excluding Nortek Control)
Significant debt reduction and shareholder repayment made (see next slide)
1. Described in the glossary to the 2021 Interim Financial Statements, released on 2 September 2021
Total cash inflow
Total paid to shareholders
Total debt reduction
£3.5bn
(£1.1bn)
£2.4bn
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