Examples of Projected EBITDA in a sentence
Projected EBITDA is only an estimate and contains forward-looking information.
This approach requires assumptions about earnings before taxes, interest, depreciation and amortization (“EBITDA”), capital expenditures, growth rates, working capital and discount rates.Projected EBITDA, Capital Expenditures and Change in Working Capital Projected EBITDA, net of capital expenditures and adjustments for change in working capital are used by the Company to determine anticipated future cash flows.
The Loan Facility provides that the Group may make annual dividend payments only when Projected EBITDA plus free cash less capital expenditure for that year is less than (i) 130% of project debt service (as defined in the Loan Facility) of that year before the release of certain pledged assets and (ii) 180% of Project Debt Service after the release of certain pledged assets.
Projected EBITDA and capital expenditures are based on the Company’s internal budget for the following year and take into consideration past experience, economic trends and market/industry trends at the time at which the budget is developed.
The Performance Vesting Shares would continue to vest, since (x) actual EBITDA was greater than 85% of applicable Projected EBITDA [i.e., $9.25 million x 85% = $7.86 million, which is less than actual EBITDA of $8 million] and (y) the actual EBITDA Percentage was greater than 85% of the applicable Projected EBITDA Percentage [18.5 x 85% = 15.725%, which is less than the actual EBITDA Percentage of 17%].