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  "documentTitle": "LKQ | Investor Presentation Deck | 64 slides",
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  "authorName": "LKQ",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "The slide uses a structured table format to present corporate financial policy pillars.",
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      "text": "Maintain investment grade metrics through strong operating performance and judicious capital deployment; Total leverage ratio of 1.6x EBITDA (target range of below 2.0x); Strong FCF generation will enable significant annual capital deployment",
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      "text": "Organic Investments: Fund high-ROIC projects that contribute to organic growth and margin expansion (e.g. Benelux Distribution Facility); Acquisitions: Focused on tuck-in acquisitions with significant synergies or critical capabilities. Returns tested against share repurchases; Share Repurchases & Dividends: Return value to shareholders through dividends and share repurchases",
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      "text": "Maintain liquidity to enable LKQ to invest through a market cycle; Liquidity of $933mm comprised of $342mm of cash and $591mm Revolver availability as of 3/31/2023 (net of $74mm in L/Cs); Refinanced Credit Facility in January 2023 with a 5 year $2.0bn revolver and 3 year $500mm term loan; New Term Loan Credit Agreement in March 2023 with unsecured term loan facility of up to C$700mm maturing in 2026",
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