Treasury & Liquidity · Q1 2026
Treasurer · $184M cash · $620M debt · refreshed daily
Cash & Equivalents
$184M▲12%vs LY
Liquidity Coverage
128%▲14 ppvs target 110%
FX Exposure (unhedged)
$48M▲$12Mvs LM
Debt maturity wall · next 10 years
Bond + bank facility maturities · refinancing concentration in 2028
FX exposure · tornado
Net exposure per currency · negative = liability
Cash balance · daily Q1
Daily cash incl. drawn revolver · target floor $120M
Counterparty exposure · top 8