FY23 Results Presentation
Strong growth in revenue and earnings
•
Revenue up $565.7m (43% pcp) to $1,896.4m
Strong growth through execution of our strategy:
Organic growth of $183.2m or 14%
Contribution from strategic acquisitions of Everyday Independence in
Australia and Equus in the US
Refer Appendix for country revenue analysis
Underlying EBITDA up $57.0m (19% pcp) to $365.0m
Group EBITDA margin lower in FY23 driven by APM's diversification
strategy supporting sustainable growth (see slide 22):
Changes in geographic mix with greater contribution from US and
Canadian businesses which have a lower margin profile given they are
predominantly fixed fee / cost plus contracts
Investment in the attraction and retention of talent and systems to
support growth of the Allied Health and NDIS business
Underlying NPATA up $11.9m (7% pcp) to $178.2m
Underlying NPATA growth despite an increase in interest rates and tax
UK tax rate increased from 19% to 25%
APM
enabling better lives
FY23 Results Presentation | August 2023
A$m
FY23
FY22
Growth
Australia and New Zealand
816.7
680.4
20%
Rest of World
436.6
432.9
1%
North America
643.1
217.4
196%
Revenue
1,896.4
1,330.7
43%
Underlying EBITDA 1,3
365.0
308.0
19%
Margin %
19.2%
23.1%
Australia and New Zealand
85.1
97.5
-13%
Rest of World
49.6
57.2
-13%
North America
43.5
11.6
275%
Underlying NPATA
178.2
166.3
7%
Margin %
9.4%
12.5%
Statutory NPATA
158.5
92.4
72%
1. EBITDA earnings before interest, tax, depreciation and amortisation
2.
NPATA Net profit after tax and before contract amortisation
3.
Refer page 24 for a reconciliation of underlying EBITDA to statutory EBITDA and underlying NPATA to statutory NPATA
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