Nov 4 (Reuters) - Chrysler Group LLC presented the following financial projections for a five-year turnaround plan running until 2014:
* Chrysler says sees 2014 net revenue around $67.5 billion -slides for
presentation
* Chrysler says sees 2014 operating profit at $4.7-$5.2 billion-slides for
presentation
* Chrysler says sees 2014 free cash flow positive $3 billion versus negative $1
billion for 2010-slides for presentation
* Chrysler says sees 2014 net debt at $4 billion, down from $8 billion at end
2009
* Chrysler says IPO to be decided by board, highly unlikely to occur before
2011
* Chrysler says aims to repay US governent loans in full by 2014
* Chrysler says cash-on-hand plus undrawn facilities at end-2009 around $7
billion
* Chrysler says cash available not less than $5 billion 'even in stress tested
scenarios
* Chrysler CFO forecasts chrysler EBITDA of flat to $500 million for 2009
* Chrysler projects 2009 cash balance of approximately $5 billion
* Chrysler projects net income break even in 2011
* Chrysler projects operating profit break-even in 2010
* Chrysler expects to be operating cash flow positive from 2011
* Chrysler says it will pay back all US government tarp borrowing by 2014
* Chrysler says expects to end 2014 with $2 billion in debt to U.S. department
of energy
* Chrysler says expects to generate $15 billion in cash for period 2010-2014
* Chrysler says will average spending on research and development and capex of
$4.5 billion per year during turnaround plan
* Chrysler sets taget of 2014 revenue of $67.5 billion from $42.5 billion in
2010
* Chrysler expects to reduce net debt to $4 billion in 2014 from $8 billion at
end of 2009
((Detroit Equities Desk; tel: +1 313 967 1902))
(For more news about Fiat SpA click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Chrysler says sees 2014 net revenue around $67.5 billion -slides for
presentation
* Chrysler says sees 2014 operating profit at $4.7-$5.2 billion-slides for
presentation
* Chrysler says sees 2014 free cash flow positive $3 billion versus negative $1
billion for 2010-slides for presentation
* Chrysler says sees 2014 net debt at $4 billion, down from $8 billion at end
2009
* Chrysler says IPO to be decided by board, highly unlikely to occur before
2011
* Chrysler says aims to repay US governent loans in full by 2014
* Chrysler says cash-on-hand plus undrawn facilities at end-2009 around $7
billion
* Chrysler says cash available not less than $5 billion 'even in stress tested
scenarios
* Chrysler CFO forecasts chrysler EBITDA of flat to $500 million for 2009
* Chrysler projects 2009 cash balance of approximately $5 billion
* Chrysler projects net income break even in 2011
* Chrysler projects operating profit break-even in 2010
* Chrysler expects to be operating cash flow positive from 2011
* Chrysler says it will pay back all US government tarp borrowing by 2014
* Chrysler says expects to end 2014 with $2 billion in debt to U.S. department
of energy
* Chrysler says expects to generate $15 billion in cash for period 2010-2014
* Chrysler says will average spending on research and development and capex of
$4.5 billion per year during turnaround plan
* Chrysler sets taget of 2014 revenue of $67.5 billion from $42.5 billion in
2010
* Chrysler expects to reduce net debt to $4 billion in 2014 from $8 billion at
end of 2009
((Detroit Equities Desk; tel: +1 313 967 1902))
(For more news about Fiat SpA click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.