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  1. 237 Posts.
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    hiya

    in theory it sounds great - what I’m trying to get my head around is on page 11 fcf projections

    if 2026 is 3.5b and assuming the same for 2027 then 5.1 for 2028 - that totals 12.1b

    then referring back to the investor day preso
    on page 20 & 21 the same info but they highlight
    under the 5 yr outlook that fcf would be 14b

    so if 26-28 is 12.1b that only leaves 1.9 for 24 and 25

    does that mean things will be tight for next two years or they are being overly conservative? Interestingly with lower fcf for 23 it still came in at 2.1b

    what am I missing

    rc888





 
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