Project Sunrise


Europe/Australia Sensitized Liquidity Forecast - September 2018    Sales and DPO Sensitivities


(USD, 000s)



Europe / Australia


  - The base case total liquidity forecast of Europe and Australia is $12.6 million in September 2018 assuming no additional financing.


  - Assuming current base forecast DPO, each 12.5% reduction in payment terms represents a $9.8 million impact to liquidity in September.


  - Every 2% reduction to same store sales (every month through September) results in a $5.9 million impact to September liquidity.


  - As a result of third-party credit support, CE base case forecast excludes any trade contraction.