Page 10 - ...
P. 10
Leveraging all components of cash-flow to maximize cash generation Reduction of €74m in FY 19 tax burden after change in French tax territoriality treatment Two successful bond issuances reducing pre-tax cash interest by c.€34m p.a. at run-rate Successful completion of ‘LEAP 1’ cost-saving program with €32m in total savings in FY 19 ‘LEAP 2’ program targeting further Opex savings of €20- 25m by FY 2021-22 Ongoing optimization, with anticipated replacement of HOTBIRD constellation at significant cost reduction Disposal of interest in EUTELSAT 25B for €135m 10
