Seifi. you Thank
company's strong. stated Seifi very financial our is position earlier As
Our cash industry-leading half on-site our of supported very is more business, than our represents sales. by which stable flow generation
on hand debt needed. provided our and cash limited ability Additionally, an as funding to additional access
have resources meet that sufficient capital all to we We opportunities. are our deployment confident
of see billion you As over can in slide we cash on XX have $X hand.
also revolving an $X.X billion facility We available. undrawn committed credit have
these funds. any I don't However, to need access anticipate
debt leverage debt companies is that ratio low. net to maintaining increase is billion us our allows times. a and our low Net considerably our is about X.X still rating. This AAX debt very while EBITDA to Meanwhile, targeted $X
capital investment remain plans dividend and unchanged. Our
increasing the by We rewarding the are and to investors company. our committed dividend growing
dividend to believe Air increase continue shown consecutive investing shareholder remain has As the term into Asset of delivered we XX significant XX, through of periods many economic challenging PBF in exciting our projects growth than opportunities Products slide ability return conditions years buying about and will like back value high including We create in acquisitions. more opportunities capital optimistic shares. the long over to deploy our recent that
about end $X billion have of debt maturing the by of We also XXXX.
access we best to markets. continue So the time debt to evaluate the
Now please results. second turn to our for Slide XX quarter
volumes our Asia contracts profits disruption merchant COVID-XX, our diversity Overall, the in demonstrating geographic the sales negatively merchant due and and primarily impacted stability unprecedented to $X.XX by by business. about grew EPS to X% on-site Our despite the of of COVID-XX businesses. and the $X.XX
recovered Asia X new Lunar but holiday XX% about business in was New the after down Year March. late The weeks merchant about for
stable. expected remained our business As on-site
impact for did an begin impact Europe at we the in see much not also of quarter Americas quarter. or did the end to but We right see the the
so regarding what April. far have some comments we provide will Seifi seen in later
Asia managing through the in team crisis. Our worked has hard
to serving team We their health, the on encouraged to to that a reliably; customers our done. normal job see the well focus return by gradually like our safety would and end thank quarter. very business are I of for
X% For X% the unfavorable currency. pass-through Primarily, grew Volume offset billion all strong as regions. Chinese in energy the the Korean and quarter, won. price three improved were sales sales by lower euro to $X.X underlying and RMB, the and modestly
Volume was XXth up overall our And the business, activity, price than as positive acquisitions I COVID-XX. business consecutive negative LNG of mentioned, X% the short-term Asia year-over-year increased of more X%, new impact increase. overcame on-site as based plants Prices stable. quarter existing a contract in and
points energy X% driven currency. unfavorable EBITDA quarter rest three to improvement XX%, higher the by of was was exceeding consecutive reached almost million, points. higher the profits primarily $X.XX basis negative XXX up of up About COVID-XX the pass-through mark, X% the was basis again margin price. up and XX% regions. $X.XX over all across with $X.XX with fourth $XXX EBITDA despite EPS from of the lower impact XXX
as a COVID-XX continues due to year. down were holidays impact. up of Year profits ROCE New result of and Sequentially, the the points last improve, reduced XX and basis sales activities Lunar XX.X% over to
As I to Simon our individual mentioned, review plan second to like don't on would make brief in detail the comments but some segments performance. summary quarter we
up regions margin All volume, price, delivered three in with stronger EBITDA each EBITDA region. geographic and results
was EBITDA Canada for pass-through. U.S. basis Americas Almost higher We two COVID-XX XX margin Asia thirds EMEA volume strong margin the contract impact Asia's during saw supply was about of X% in XXX the XXX and energy driven up industry that lower EBITDA which plants despite basis began we Gulf and primarily short-term last with week of growth on-site price. Coast, mentioned up by that from impacts of a a to our points The as was from expected. points is only COVID-XX. quarter. from from up was Rotterdam. X% we stable business volumes and the see hydrogen quarter. remain Americas refining negative EMEA a new the last
driving LNG profit saw our in segment. corporate also We improvement
Now please Slide to turn XX.
items; quarter Our contributed which property due of tax a includes was which combined GAAP gain million adjustment EPS to $XX and sale $X.XX in EPS. India $X.XX a a one-time million two second $XX
in support to $X.XX to north continued Our second year. and in customers than maintenance work driven plant contributed call. planned due the to quarter our resources price adjusted during Cost the anticipate despite Volume per growth strong as of needed more investment EPS of by We impact in X% together second strategy averages and the life facilities mentioned mainly $X.XX unfavorable negative from operating $X.XX delaying was COVID-XX. our performance. coupled half share in $X.XX or last our $X.XX was $X.XX do additional America with extension our quarter's up
was subtracted Currency unfavorable, XX.X% tax year. Korean for the was $X.XX. primarily modestly to affiliate due and contributed effective rate The $X.XX euro tax points up $X.XX foreign rate RMB, won. XX Chinese exchange higher and the while the Equity basis a income the last over quarter,
XXXX. XX% expect to effective tax continue fiscal year of rate XX% in an We to
to Now XX. Slide please turn
operational to generate cash continue strong We flow.
the our COVID-XX our business EBITDA of mentioned I was pandemic X% the despite demonstrating As global quality again up model.
XX Over billion cash we billion over we share almost paid available $X.X flow. as investments. billion months, distributable or this the $XX From to have about or XX% for per industrial and dividends of gas last $X.X our flow shareholders $X return about over generated cash high still distributable
our cash in provides This us strong Slide deployment. create to increasing progress. shareholder deployment an flow enables value capital times dividends even capital update continue through uncertain on to XX and
FY see As of billion can period we expect over XXXX. five-year $XX through investment you available the from about capacity XXXX FY
over of $XX to billion expected now and already FY today, spent. debt continue grow almost billion Our EBITDA. as investable the $X between available of to end ‘XX and flow cash billion capacity about $XX total we $X capacity increased The includes billion additional of is
will continue to balance managing to mentioned rating as the maintain on debt to earlier, access continue our targeted focus to market. We debt best AAX time the I our evaluate and we current
Seifi projects. As to sign new continue we said,
commitments remaining to and $X with are spend on them. about project total our $X M&A to billion So billion up, about
XX% So ability two-thirds significant capacity will We and projects total see, have value. remain confident our you shareholder into to on-site this our over we in deploy can committed capacity. spent already long-term available already that extremely of create almost
summary turn perspective Please for our Slide XX on to of COVID-XX.
we oxygen. plants needs our to are our keeping meet customers’ medical safely are for and particularly We running mobilized
the quarter results our demonstrate resilience Our COVID-XX. business the from impact of model despite this
EMEA We seeing have at to Americas in and expect lower that QX. impact volumes April merchants been and least
any are projects delays construction. have planned for We activities potential seen maintenance delaying we monitoring customers under that and are
Looking future that will our investment forward strong opportunities. we are position confident support our financial
future back Now thoughts the Seifi. I'll in call over to provide the additional turn some
