Project Sunrise

 

SEA Sensitized Liquidity Forecast - September 2018    Sales and DPO Sensitivities

 

(USD, 000s)

  

 

SEA (Excluding China)

 

  - The base case total liquidity forecast of SEA (excluding China) is $30.4 million in September 2018.

 

  - Assuming current base forecast DPO, each 12.5% reduction in payment terms represents a $3.0 million impact to liquidity in September.

 

  - Every 2% reduction to same store sales (every month through September) results in a $1.3 million impact to September liquidity.

 

  o Sensitivities above exclude China; China’s baseline forecast projects a cash surplus of $17.5 million in September 2018.

 

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