All,
Please be informed that the estimated AP EBITDA we will be using for bonus computation will be approx. 95% ($87m) of AP EBITDA. Basis for the calculation takes into consideration adjustments for China, ANZ and APH further to the update on global cashflow metric from Laurine.
Overview
Current AP EBITDA in HFM = $84.2m
Estimated additional bonus release on cashflow metric net of true up on AP EBITDA for ANZ, China and APH = approx. $2m.
Estimated adjusted AP EBITDA = $86m
Buffer of $1m allowance for changes from other countries assuming as a standalone there is no material impact to the figures and also ensuring we have sufficient accruals.
Thanks.