GPG Group and Coats plc
Download Full Year Results Presentation PDF - Coats plc
Download Full Year Results Presentation PDF - Coats plc
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Cash flow <strong>and</strong> leverageCash flow (before EC fine)200• 96% cash conversion 1180711• Net working capital % sales reduced from17.6% to 17.1% 216020• Capex at 0.7x depreciation – expected tobe below 1x in medium term14012039• Free cash flow $45m ($66m pre reorg)Leverage <strong>and</strong> liquidity• Net debt of $368m• Committed bank facilities toOctober 2016$m100806040180273510• Comfortably within covenants2045– Net debt / EBITDA 2.1x vs 4x01Operating cash inflow/ EBITDA – operating cash inflow of $172m isEBITDA, working capital, pension cash top up <strong>and</strong> $4m outflow in Other2At constant exchange rates© <strong>GPG</strong> <strong>Group</strong> <strong>and</strong> <strong>Coats</strong> <strong>plc</strong> | Financial results for year ending 31 December 2012 Page 22
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