EFTA Document EFTA01382184

American Medical Properties Financial Model: IRR Calculations ($ in millions) Free cash flow summary EBITDA $0 $1 $4 $7 $10 $13 $16 $16 $16 $16 Net cash interest expense $0 ($1) ($2) ($3) ($4) ($6) ($7) ($7) ($7) ($7) Mandatory amortization $0 $0 $0 $0 $0 $0 $0 $0 $0 ($0) Free cash flow before distributions $0 $0 $2 $4 $5 $7 $9 $9 $9 $9 Distributions @ 90% $0 $0 ($2) ($3) ($5) ($6) ($8) ($8) ($8) ($8) Free cash flow after distributions $