Discounted cash flow with a tax-credit terminal value slide template

A DCF for a business whose terminal value includes recurring tax credits, so the terminal column is built from run-rate EBITDA plus an average annual credit rather than from EBITDA alone.

• Terminal column built from two components
• Callout reconciling the terminal EBITDA
• Sensitivity grids over WACC and multiple
• Tighter row pitch to fit an extra line item

Source: Recreated as a native, fully editable PowerPoint slide from page 24 of Avangrid Project Lean Pitch Book 2024, a publicly published Moelis & Company deck. Not affiliated with or endorsed by Moelis & Company.