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  "documentTitle": "ModivCare | Investor Presentation Deck | 36 slides",
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  "authorName": "ModivCare",
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  "presentationDate": "2023-08-01 00:00:00",
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  "pageNumber": 26,
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  "notes": "The slide highlights a focus on de-leveraging to a 3x target.",
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      "kind": "disclaimer",
      "text": "Note: See Appendix for presentation of Non-GAAP to GAAP reconciliation. (1) Leverage based on Consolidated Pro Forma Adj. EBITDA of $214.0 million plus pro forma cost savings, net of future investments of $23.5 million",
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      "text": "Debt Repayment: High priority in order to enable higher return options. Organic Growth: Funded with internal cash flow. Tuck-In M&A: Funded with internal cash flow. Strategic M&A: Drives material shift into Home. Share Repurchases: Executed opportunistically with cash",
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      "text": "Cash & Cash Equivalents $7; Revolving Credit Facility due 2027 ($325) 127; 5.875% Senior Unsecured Notes due 2025 500; 5.000% Senior Unsecured Notes due 2029 500; Total Debt $1,127 4.74x; Net Debt $1,120 4.71x",
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      "text": "Capitalization",
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