Dressing for Impact

[MUSIC] Given a 5% year-on-year decrease in COGS, and an increase in leverage from 1.4x to 2.8x, we think we can increase free cash flow by 67% and increase our underlying IRR by 14%.>>Given a 5% decrease in cost year-on-year and an increase in the leverage from 1.4x to 2.8x, we believe we can increase…