{
  "docId": "019de514-1832-7347-bfad-8dc8b5137056",
  "docSlug": "8de0db08c464e5bf95151bf147be33f7",
  "documentTitle": "Melrose | Mergers and Acquisitions Presentation Deck | 46 slides",
  "authorId": "melrose",
  "authorName": "Melrose Industries PLC",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 45,
  "pageCount": 46,
  "prevPage": 44,
  "nextPage": 46,
  "slideType": "other",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 30,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de514-1832-7347-bfad-8dc8b5137056/45",
  "deckHref": "/decks/019de514-1832-7347-bfad-8dc8b5137056",
  "deckJsonHref": "/decks/019de514-1832-7347-bfad-8dc8b5137056.json",
  "deckAnchorHref": "/decks/019de514-1832-7347-bfad-8dc8b5137056#slide-45",
  "components": [
    {
      "bbox": {
        "h": 0.09,
        "w": 0.69,
        "x": 0.08,
        "y": 0.54
      },
      "kind": "list",
      "text": "Transactional FX hedges taken out to provide appropriate short and medium-term cover:\nNext 12 months: c.90% covered\n12 to 24 months: c.60% to 80% covered",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "665c479d-b906-43d9-941e-ab1f8a08bee2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.88,
        "x": 0.08,
        "y": 0.64
      },
      "kind": "list",
      "text": "Group debt drawn in UK, US and Euro currencies to protect leverage, based on a mix of approximately 52% USD, 26% EUR and 22% GBP",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb3db46a-819e-4ba0-9ba3-3febcb6ac445",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.58,
        "x": 0.14,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "1. Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance\n2. 10% strengthening against all currencies\n3. Assuming all other currencies strengthen against Sterling by 10% at the same time",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "003ddba6-424b-4eae-8f5c-7c2d3503e313",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.32,
        "x": 0.57,
        "y": 0.35
      },
      "kind": "table",
      "text": "Balance Sheet volatility\nImpact on debt of a 10% strengthening2 of:\n£m\nUSD\nEUR\nIncrease in debt\n83\n40",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "113d52ee-bdad-4f96-9b60-dad76f48e290",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.47,
        "x": 0.07,
        "y": 0.35
      },
      "kind": "table",
      "text": "Income Statement volatility – Translational impact\nImpact on adjusted¹ operating profit of a 10% strengthening² of:\n£m\nUSD\nEUR\nCNY\nOther3\nMovement in adjusted¹ operating profit\n25\n5\n8\n10\n% impact on adjusted¹ operating profit\n6%\n1%\n2%\n2%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2308cb1b-4568-4d66-8e2e-f58cce3cde1f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.7,
        "x": 0.07,
        "y": 0.18
      },
      "kind": "table",
      "text": "Exchange rates\nAverage rates\nClosing rates\nHY 2022\nUSD\nEUR\n1.30\n1.19\n1.22\n1.16\nHY 2021\nUSD\nEUR\n1.39\n1.15\n1.38\n1.16\nFY 2021\nUSD\nEUR\n1.38\n1.16\n1.35\n1.19",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6775f394-0d22-493a-85e9-83ded50ef868",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.54,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "title",
      "text": "Foreign exchange → forward looking",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17f30350-320f-4b7f-891a-c4fe136a78c6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}