Page 55 - Futr Investment Proposal

55
EBITDA Sensitivity

A significant year on year sensitivity is required

EBITDA Sensitivity

55,000,000
Reductions in EBITDA

(£89m) – Over 5 years from the reduction 45,000,000
in revenue

(£3m) – Reduction in Capex. The original 35,000,000
forecast capitalised 75% of all Tech
salaries, we have halved that which
impacts EBITDA but not cash. 25,000,000

(£1m) – Headcount changes
15,000,000
(£1m) – Additional Marketing and
overheads
5,000,000

2019 2020 2021 2022 2023
(5,000,000)

Original EBITDA Sensitised EBITDA