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  "documentTitle": "Azek | Investor Presentation Deck | 38 slides",
  "authorId": "azek",
  "authorName": "The AZEK Company",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-02-01 00:00:00",
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  "pageNumber": 33,
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  "notes": "Includes a photo of production lines and a financial table for leverage.",
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      "kind": "image",
      "text": "Example New Production Lines - Wilmington, OH",
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      "text": "STRATEGIC CAPACITY INVESTMENTS: Multi-phase capacity expansion program; >100% incremental Decking production; Phase I & II completed; New facility in Boise; Phase IV expansion.",
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      "text": "CAPITAL ALLOCATION PRIORITIES: Invest to support the business (Organic growth, operational and recycling investments), Strategic M&A (Product adjacencies, new technologies, vertical integration), Leverage (Target net leverage in the ~2.5x Adj. EBITDA range)",
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      "text": "Source: Company financials. Note: Refer to Appendix for reconciliations for total debt, net debt and net leverage.",
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      "text": "NET LEVERAGE SUMMARY – LTM 12/31/21: Cash and Cash Equivalents $66, Revolving Credit Facility -, First Lien Term Loan 468, Total Debt $468, Net Debt 402, LTM Q1 2022 Adj. EBITDA $284, Total Leverage 1.6x, Net Leverage 1.4x",
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      "text": "STRONG CASH FLOWS AND MODEST LEVERAGE PROVIDE FLEXIBILITY TO SUPPORT ORGANIC GROWTH AND STRATEGIC M&A",
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      "kind": "title",
      "text": "DISCIPLINED APPROACH TO CAPITAL DEPLOYMENT",
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