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  "documentTitle": "Skillsoft | Investor Presentation Deck | 39 slides",
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  "authorName": "Skillsoft",
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  "presentationDate": "2021-12-01 00:00:00",
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  "notes": "The chart uses a waterfall bridge to show how various expenses and working capital changes impact cash flow conversion.",
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      "text": "ILLUSTRATIVE RUN RATE FREE CASH FLOW BRIDGE",
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      "text": "~70% cash conversion supports growth investment; Low capital expenditure requirements (~3% of revenue); Refinancing lowered interest expense; Favorable low teens cash tax rate; Bookings growth drives positive net working capital cash contribution; Restructuring costs related to recent merger likely to conclude in FY2023",
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      "text": "(1) Does not include integration, restructuring and acquisition related expenditures. FY2022E free cash flow conversion expected to be lower than for FY2023 due to restructuring costs and higher interest expense from higher pre-closing and pre-refinancing debt balances and interest rates.",
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      "kind": "title",
      "text": "HIGH CASH FLOW CONVERSION PROVIDES FINANCIAL FLEXIBILITY AND SUPPORTS REINVESTMENT",
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