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Name	2018	2019	2020e	12m FWD	2021e
DPS			0.00	0.00	0.00
EBIT	230.05m	289.61m	349.41m	352.72m	429.80m
EBITA	245.81m	310.37m
EBITDA	269.47m	342.31m	427.42m	430.66m	506.34m
EPS	3.86	5.65	7.04	7.12	8.91
EV	1.76b	4.05b	5.47b	5.46b	5.21b
EV/EBITDA	6.53	11.82	12.81	12.69	10.29
FCF (Levered)	55.10m	177.47m	229.99m	233.17m	307.37m
NET Debt	642.54m	637.52m	423.97m	413.84m	177.62m
P/BOOK	31.46	34.85	40.58	40.95	49.58
P/E	11.66	18.25	28.44	28.13	22.47
Payout Ratio
ROA	6.84%	7.16%	8.94%	8.97%	9.70%
ROE	13.03%	17.17%	18.82%	18.88%	20.23%
Revenue	2.38b	2.62b	2.71b	2.73b	3.07b

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Name	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q3e	2020 Q4e	2021 Q1e	2021 Q2e	2021 Q3e
DPS					0.00	0.00	0.00	0.00	0.00
EBIT	76.17m	70.19m	80.45m	101.72m	87.98m	94.88m	92.44m	109.03m	119.87m
EBITA	167.03m	75.46m	85.81m	107.11m
EBITDA	89.86m	84.38m	99.58m	115.94m	107.21m	112.91m	110.97m	129.59m	138.75m
EPS	1.38	1.53	1.69	2.13	1.78	1.95	1.90	2.28	2.54
EV	4.05b	3.25b	4.33b	6.12b
EV/EBITDA	45.04	38.49	43.50	52.81
FCF (Levered)	63.58m	47.22m	82.70m	52.56m	25.56m	51.96m	55.10m	74.70m	81.13m
NET Debt		624.88m	547.89m	482.20m	547.90m	506.00m	410.36m	384.91m	293.69m
P/BOOK		35.69	37.15	39.16	38.57	40.63	42.65	45.10	47.71
P/E	74.64	46.80	67.38	80.10	112.49	102.68	105.38	87.82	78.83
Payout Ratio
ROA	7.28%	6.70%	7.59%	9.39%
ROE	15.87%	17.41%	18.52%	22.41%	13.10%	11.50%	18.50%
Revenue	662.35m	653.23m	646.10m	697.22m	703.39m	714.24m	729.83m	757.84m	801.91m