1. Sources and uses of funds : Oct 2018 – January 2020
Considerations:
From October 23, 2018 onwards , Express is operating all of its commercial routes plus 10 former Alsacia commercial routes at a new PPT price of CLP 777 per ticket validation with an increase of CLP 60 compared to the old CLP 717 price ( 8,3 % increase). This increase is related to several past claims and Express will also receive a retroactive compensation and a bus Overhaul reimbursement that are included on these figures.
The Company will perform an Electric and structural overhaul of of its old buses, to make sure its able function for , at least the next 16 months , cost that is included on the validation ticket price increase.
An amount of MM$ ( USD 9 million) will be distributed via Cash sweep. (USD 2 million in advance).
Alsacia will continue to operate its remaining commercial routes until January 2019 at a new PPT price of CLP 841 per ticket validation with an increase of CLP 74 compared to the old CLP 767 price ( 9,6% increase). This increase is related to several past claims and Alsacia will also receive a retroactive compensation that is included on the figures.
A 6 year Bus Terminal rental contract will be signed between Alsacia/Express and the Government for 5 company owned facilities, around squared meters of surface at a price of USD 3,9 per squared meter , 3% yearly increase in price, yearly rental paid in advance every first month of the year and the permit to factorize the flows from year 2 to 6.
On January – February 2019 Alsacia will cease to operate all but 10 of its commercial routes and around 60 % of its personnel will be dismissed and all legal severance payments
On January 2019 Alsacia Express will receive the rental income of year 1 .
Express will be using 2 of the rented bus terminals paying rent until June 30, The Express contract extension to January will not contemplate any further rental payment from the company to the Government.
The company is considering that a contract extension of 7 month for Express, from July to January 2020 will take place due to initial conversations with the Government and the actual delay on the new Tender process.
The company will generate an operational EBITDA of MM$ on the period.
On January 2020 the company will receive the inflows of the factorization of years 2 to 6 of the rental contract, pay all of its outstanding debt with suppliers (MM$ 8.589) and all remaining legal severance payments.
The company will distribute all remaining cash via Cash sweep.

2. Sources and uses of funds : Oct 2018 – January 2020