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.