Aug 26, 2020 / 12:00PM GMT
Derek Fiebig - ADT Inc. - VP of IR
Hello. Thanks for taking the time to learn more about ADT today. Although I've presented here a number of times with Tower International, this is the first time I have the pleasure to present as the Vice President of Investor Relations at ADT.
On Slide 3 of today's presentation, we have provided some key takeaways. ADT's first half 2020 results were solid. We had unit growth, improved revenue payback and better customer retention, all of which fueled results. This performance in the current environment confirms the resilience of our business. Our strong 2Q cash flow enabled us to clear $220 million off of our revolver. And with the refinancing we did earlier this month, we now have no meaningful debt maturities until 2022.
We have been very successful on navigating the COVID-19 crisis while positioning the business for 2021 and beyond. Consumers' basic needs for safety and security, combined with the emerging de-urbanization trends, favor ADT's business model. Importantly, our long-term strategic partnership that we announced earlier this month with
ADT Inc at Three Part Advisors Midwest IDEAS Investor Conference (Virtual) Transcript
Aug 26, 2020
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