{ "docId": "019de518-8499-7557-9656-22eea1eb6ca7", "docSlug": "98c85186e999b5d3694cd71b7c3b3145", "documentTitle": "Federal Signal | Investor Presentation Deck | 31 slides", "authorId": "federal-signal", "authorName": "Federal Signal", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3753582, "pageNumber": 28, "pageCount": 31, "prevPage": 27, "nextPage": 29, "slideType": "appendix_data", "function": "appendix", "density": "overcrowded", "nDataPoints": 54, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de518-8499-7557-9656-22eea1eb6ca7/28", "deckHref": "/decks/019de518-8499-7557-9656-22eea1eb6ca7", "deckJsonHref": "/decks/019de518-8499-7557-9656-22eea1eb6ca7.json", "deckAnchorHref": "/decks/019de518-8499-7557-9656-22eea1eb6ca7#slide-28", "components": [ { "bbox": { "h": 0.12, "w": 0.499, "x": 0.06, "y": 0.459 }, "kind": "paragraph", "text": "Net debt leverage is a non-GAAP measure that is computed as total borrowings and finance lease obligations less cash and cash equivalents, divided by Adjusted EBITDA (as separately defined within). The Company believes that net debt leverage provides investors with a view of the Company's ability to generate earnings sufficient to service its debt. Other companies may use different methods to calculate net debt leverage.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5427e153-944d-4c3b-bac5-ea6290b28c5c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.909, "x": 0.06, "y": 0.16 }, "kind": "paragraph", "text": "Cash conversion is a non-GAAP measure that is computed by dividing net cash provided by continuing operating activities by net income (represented as a percentage). The Company believes that cash conversion provides investors with a view of the Company's ability to generate convert its earnings into cash. Other companies may use different methods to calculate cash conversion.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "95bec694-34cf-4f54-af04-ff9fcf9686db", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.909, "x": 0.06, "y": 0.675 }, "kind": "paragraph", "text": "Free cash flow is a non-GAAP measure that is computed as net cash provided by continuing operating activities less purchases of property and equipment. Management believes that free cash flow provides investors with a relevant measure of liquidity and is a useful basis for assessing the Company's ability to fund its activities and obligations. Other companies may use different methods to calculate free cash flow.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e0c2bf71-4737-416f-aee4-69b46a20ba36", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.12, "x": 0.24, "y": 0.935 }, "kind": "source-note", "text": "Source: Company Filings", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e2209226-ed98-4948-9a1a-433ee525318b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.77, "x": 0.06, "y": 0.276 }, "kind": "table", "text": "($ in millions)\nNet Cash Provided by Continuing Operating Activities (A)\nNet Income (B)\nAverage Cash Conversion (2019-2023) (A/B)\n2019\n$ 103.4\n$ 108.5\n2020\n$136.3\n$ 96.2\n2021\n$ 101.8\n$ 100.6\n2022\n$ 71.8\n$ 120.4\n2023\n$ 194.4\n$157.4\nTotal\n$ 607.7\n$ 583.1\n104%", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6417978d-9fb2-4060-bccf-05a2dfc1f332", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.102, "w": 0.909, "x": 0.06, "y": 0.79 }, "kind": "table", "text": "($ in millions)\nNet Cash Provided by Continuing Operating Activities\nLess: Purchases of Property and Equipment\nFree Cash Flow\n2016\n$ 26.7\n(6.1)\n$ 20.6\n2017\n$ 73.5\n(8.0)\n$ 65.5\n2018\n$ 92.8\n(14.1)\n$ 78.7\n2019\n$ 103.4\n(35.4)\n$ 68.0\n2020\n$136.3\n(29.7)\n$ 106.6\n2021\n$ 101.8\n(37.4)\n$ 64.4\n2022\n$ 71.8\n(53.0)\n$ 18.8\n2023\n$ 194.4\n(30.3)\n$164.1\nLTM Q2\n2024\n$ 223.3\n(38.8)\n$ 184.5", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "680c0429-ec65-4ce2-9bc6-17594c6c480e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.219, "w": 0.363, "x": 0.575, "y": 0.41 }, "kind": "table", "text": "($ in millions)\nTotal Borrowings and Finance Lease Obligations\nLess: Cash and Cash Equivalents\nNet Debt as of Q2 2024\nAdjusted EBITDA\nNet Debt Leverage\nLTM Q2\n2024\n$ 255.3\n(48.6)\n$ 206.7\n$ 324.3\n0.6x", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8e7b9f2e-8c15-4a80-80f6-1b06ccb96cca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.028, "w": 0.919, "x": 0.039, "y": 0.049 }, "kind": "title", "text": "Appendix V: Non-GAAP Measures (Cash Conversion, Net Debt Leverage and Free Cash Flow)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "82db5977-d1f3-43d5-a9f1-1c655ec34912", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }