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  "documentTitle": "Embracer Group | Mergers and Acquisitions Presentation Deck | 11 slides",
  "authorId": "embracer-group",
  "authorName": "Embracer Group",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-11-01 00:00:00",
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  "pageNumber": 9,
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  "notes": "Mentions a specific leverage target of 1.0x operational EBIT to net debt.",
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  "slideHref": "/slides/019de070-6f54-714a-a06b-7d45a644989f/9",
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      "text": "Embracer Group’s capital allocation strategy is essential for continued growth\nEmbracer reiterates the ambition to maintain a strong balance sheet and strives to maintain a net cash position to maintain maximum strategic flexibility. For the right inorganic growth opportunity, financial leverage could temporarily exceed 1,0x operational EBIT to net debt, where operational EBIT is measured as management expectations for the coming twelve months.\nCash at hand and available credit facilities post the cash payment of the Acquisitions amounts to more than SEK 8.5 billion.\nOn 16 November 2020, the extra general meeting authorized the board of directors to issue B shares in the amount not exceeding ten (10) percent of the total number of shares in the Company.",
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      "beatName": "What Could Be",
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      "evidence": "The company showcases its platform and bolt-on acquisitions strategy.",
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