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  "docSlug": "0067b9eb1df88391a15f25c0f713e37a",
  "documentTitle": "Advantage Solutions | Investor Presentation Deck | 28 slides",
  "authorId": "advantage-solutions",
  "authorName": "Advantage Solutions",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 19,
  "pageCount": 28,
  "prevPage": 18,
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  "slideType": "other",
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  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "The slide uses a four-column layout to define strategic financial priorities.",
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  "slideHref": "/slides/019de075-6fab-7299-b84f-9b431f1fc9e1/19",
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      "kind": "callout",
      "text": "Advantage is focused on de-leveraging its balance sheet",
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      "kind": "disclaimer",
      "text": "(1) Net debt is a non-GAAP financial measure and includes Other Debt of approximately $7M. For a reconciliation of net debt to total debt, the most directly comparable GAAP counterpart, please see the appendix attached hereto.",
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      "kind": "list",
      "text": "M&A Opportunities: No acquisitions completed since August 2022; Completed small margin- and net leverage-accretive divestiture; Any M&A should not be adverse to balance sheet",
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      "kind": "list",
      "text": "Organic Growth & Investment: Investing in recruiting and retention; Focus on executing critical activities; Enhance analytic support for HQ Sales and technology for Retail teams",
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      "text": "De-lever Balance Sheet: Expect to steadily de-lever balance sheet throughout 2023; Repurchased ~$54M of floating rate term loan YTD; Current leverage: 4.3x net debt to LTM June Adjusted EBITDA",
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      "kind": "list",
      "text": "Share Repurchases: Opportunistically repurchase shares; $100M Open Share Repurchase Authorization; $13M repurchased through Q2 2023",
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      "kind": "title",
      "text": "CAPITAL ALLOCATION PRIORITIES",
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      "evidence": "The slides titled 'Q2 FINANCIAL RESULTS', 'Generated $119M / $69M of unlevered / levered cash flow in Q2'23', and 'CAPITALIZATION SUMMARY' present financial information.",
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