Project Sunrise

 

Japan Sensitized Liquidity Forecast - September 2018    Sales and DPO Sensitivities

 

(USD, 000s)

  

 

Japan (With Commitment Line Renewal)

 

  - The base case total liquidity forecast of Japan is $83.3 million in September 2018 (with credit line renewal).

 

  - Assuming current base forecast DPO, each 12.5% reduction in payment terms represents a $16.7 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.

 

  o Japan liquidity sensitivities assume renewal of the 9.45B JPY (~$83.5M) committed credit line on June 29th

 

  o Assumes the credit line is renewed on the same terms as previously agreed to (cash movement out of Japan is restricted).

 

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