13
June 2014
SaaS Index
3x LTM EBITDA
$87.8
$524.4
$91.4
-$98.5
$601.3
$190.0
Less LT Debt
664.3
0.0
0.0
2,293.0
544.1
8.5
Plus Cash
323.3
308.4
87.1
827.9
525.0
91.1
Dry Powder
-$253.3
$832.8
$178.5
-$1,563.6
$582.2
$272.5
Travel & Hospitality Index
3x LTM EBITDA
$2,790.0
$180.6
$2.5
$163.4
$785.5
Less LT Debt
3,958.0
0.0
1.0
0.0
226.4
Plus Cash
515.0
103.5
10.3
42.1
56.4
Dry Powder
-$653.0
$284.1
$11.8
$205.5
$615.6
Company Liquidity Estimates by Subsector
Travel & Hospitality Index
3x LTM EBITDA
$5.9
$4,958.1
$671.5
$89.4
$787.3
Less LT Debt
0.3
2,835.5
536.0
135.3
0.0
Plus Cash
99.6
749.3
217.2
309.7
582.9
Dry Powder
$105.1
$2,871.9
$352.7
$263.8
$1,370.2
($ millions)
Source: Public Filings; Capital IQ as of 06/10/14
