EFTA00928944.pdf

From: Richard Kahn To: "jeffrey E." <jeevacationggmail.com> Subject: Fwd: Next - Financial Update (LTM Sep'17) Date: Wed, 13 Dec 2017 19:09:25 +0000 Attachments: 171129 Next - Financial Summary_by_Country.pdf Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: Neale Attenborough < Subject: Fwd: Next - Financial Update (LTM Sep'17) Date: December 13, 2017 at 1:58:00 PM EST To: Richard Kahn Here are the latest financials for next reflecting $7.2M TTM EBITDA and $16.3M of cash on the balance sheet. It will be helpful for our discussion. Thanks. Neale Begin forwarded message: From: Tyler Shean < Date: December 1, 2017 at 2:16:42 PM EST EFTA00928944 To: Neale Attenborough < Cc: Chris Lawler < Subject: Next - Financial Update (LTM Sep'17) Neale, Please find attached the latest Next financial summary updated for September 2017 financials. Below are the key takeaways: • Sep'17 LTM EBITDA: $7.2M (17% margin), up $0.4M (+6%) vs. Jun'17 driven by gains in the U.K., France, Italy and 212, offset by decline in the U.S. • Sep'17 LTM EBITDA (excl. 212 division, sold in Sep'17): $6.7M (17% margin), up $0.2M (+3%) vs. Jun'17. o U.S. EBITDA down $0.2M (-8%) driven by $0.4M (+8%) increase in admin expenses. o U.K. EBITDA up $0.1M (+6%) driven by $0.2M (-7%) decrease in admin expenses. o France EBITDA up $0.1M (+17%) driven by $0.2M (+5%) increase in sales. o Italy EBITDA up $0.1M (+9%) driven by $0.2M (+5%) increase in sales. o 212 EBITDA up $0.2M (+98%) driven by $0.2M (+26%) increase in sales. o Metier EBITDA roughly flat. • Sep'17 Cash Balance: $16.3M, up $3.1M vs. Jun'17. Please let us know if you have any questions. Thanks, Tyler Tyler Shean Golden Gate Capital One Embarcadero Center, 39th Floor San Francisco, CA 94111 Office: Mobile: Email: Disclaimer: This message contains information that may be confidential and/or privileged and is intended only for the person(s) named. Any use, distribution, copying or disclosure to any other person is strictly prohibited. If you received this transmission in error, please notify the sender by reply e-mail and then destroy the message. Opinions, conclusions, and other information in this message that do not relate to the official business of Golden Gate Capital shall be understood to be neither given nor endorsed by the company. Where applicable, any information contained in this e-mail is subject to the terms and conditions in the relevant governing agreement. EFTA00928945