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.

 

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