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  "documentTitle": "Owens&Minor | Investor Conference Presentation Deck | 30 slides",
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  "presentationDate": "2022-03-01 00:00:00",
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      "text": "Debt and Leverage Profile*\n$ in millions\nNet Debt¹\nLeverage Ratio²\n$1,800\n$1,600\n$1,400\n$1,200\n$1,000\n$800\n$600\n$400\n$200\n$0\n2016\n2017\n2018\n2019\n2020\n2021\n8 x\n7 x\n6 x\n5 x\n4 x\n3 x\n2 x\n1 x\n0 x",
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      "text": "Eliminated $700M+ of debt since Q2 2018\nImproved Credit Rating from CCC+ as of December 2018 to BB- as of February 2022\nAfter Apria acquisition, leverage ratio will be ~4x\nWill use same disciplined approach to reducing leverage\nExpecting to return to target leverage range of 2x-3x within 24 months\nGiven our strong free cash flow profile, will be able to reduce debt while continuing to make appropriate investments in the business",
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      "text": "* This financial information is presented on a total company basis, including continuing and discontinued operations, and is intended to reflect the most appropriate comparability of relevant metrics.\n¹Reconciliations for Non-GAAP measures, including Net Debt and Total Company Adjusted EBITDA, are presented in the appendix.\n²Leverage ratio = Net Debt/Adjusted EBITDA",
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      "text": "Strong Cash Flow Profile Provides Ability to Significantly Reduce Debt",
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