MAT Next Management
MAT Next Management
Next's consolidated cash balance has not dropped below
$10M since Oct-15, even in the most unprofitable months;
most declines driven by tax distributions as opposed to
operations.
$15M
10
5
0
-5
Cash by Entity,
U.S.
U.K.
France
Italy
Other o) iCash El Adj. Income L.; Tax Distribution
11.2 10.8
9.0
8.5
0.7 0.6 0.6 8.1
8.3 8.0 11.3 10.9
0.6 0.9 1.0— 0.3 9.0 11.8
1.4 0.8 1.01.7 1.5
.8 0.8 12.3 1.7 13.6
0.1 0.2 0.4 0.6 10.3 10.5 10.5 13.9 2.8
12.6 12.
12.9
1.2 0.602 Minimum Cash
Analysis
41.9
0.8
0.1 13.4
13.2
2.3
1.0 0 4 2.0 Cash Balance
Since Jan-16
Min AY9 ktos
$10.3 $12.2 $13.9
C ro -0.7
so, >, w ft, a. 03
LL 3 t (hoz -0.2 -0.2
-3.a
4.) c .O a co a t> m _Al _ O •-• a X •-• < (f) " z O 1.71
C .O CO 10 LL el 0.8
a
IV a
Xip
< n
Total FY'15 FY'16 FY'17
fa 02 Ca fa RI. ga (a. CM g11 fa
1.8 3.0 2.7 3.5 3.0 3.1 3.6 2.6 2.0 2.6
2.7 1.8 2.7 4.0 3.7 3.2 3.8 4.2 4.1 4.1
1.0 0.5 0.3 0.7 0.6 0.3 0.5 0.8 0.8 0.7
2.9 2.5 2.9 3.1 3.1 4.8 4.6 4.3 4.3 5.1
0.0 0.3 0.5 0.3 0.5 0.3 0.6 0.8 0.8 0.7
8.5 8.1 9.0 11.7 11.0 11.7 13.2 12.8 12.1 13.2
Note: All financials converted to USD at current exchange rates (constant currency).
(1) Cash balance at end of month; total cash assumes Italy balance held constant at prior month where data is not available. (2) Net Income plus Depreciation &
Amortization; assumes SO from Italy where data is not available. (3) Includes Two Twelve and Metier.
This information confidential and was prepared by Golden Gate Capita solely for internal use 1
EFTA00610327