Investor Presentaiton
Woolworths Group Full Year Results 2022
Net cash outflow due to investment and capital management
F22
F21
$ MILLION
(52 WEEKS)
(52 WEEKS)
CHANGE
EBITDA continuing operations
5,052
4,902
3.1%
EBITDA discontinued operations
6,387
1,428
n.m.
Group EBITDA
Working capital and non-cash movements - continuing operations
11,439
6,330
80.7%
(235)
(281)
(16.4)%
Working capital and non-cash movements - discontinued operations
Cash from operating activities before interest and tax
(6,387)
113
n.m.
4,817
6,162
(21.8)%
Cash from operating activities before interest and tax-cont. ops
4,817
4,621
4.2%
Interest paid - leases
(542)
(687)
(21.1)%
Net interest paid - non-leases
(59)
(113)
(47.8)%
Tax paid
(838)
(738)
Total cash provided by operating activities
3,378
4,624
13.6%
(26.9)%
Total cash used in investing activities
(2,457)
(2,200)
11.7%
Cash flow before lease payments, dividends, share payments and proceeds
from loans to related party
921
2,424
(62.0)%
Repayment of lease liabilities
(1,019)
(1,158)
(12.0)%
Dividends and payments for shares held in trust
(1,137)
(1,331)
(14.6)%
Proceeds from loan to related party
1,712
n.m.
Payments for share buy-backs
Net cash flow
(2,000)
n.m.
(1,523)
(65)
n.m.
Adjusted cash realisation ratio (CRR)
Woolworths
1CRR adjusted for non-cash gain on demerger of Endeavour Group of $6,387m
Group
86%1
97%
Onects
loading and mac
Growth aspertunites
trusted
position in Fand
Sverythy Noch
adjac
characteri
Pengecycle
Sustaining ceba
Invament in growth
Strong parating cash tow generation
ALNZ
ba
Free cash flow
Typically 70-75% dhidend cytat il-furled
Deaction
Organic and inorganise that
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Imore grad quality and casach to
ived for the fal
Retur excess capital
Si
to disubue escess casharit manking
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EBITDA - continuing operations
increased by 3.1% driven by
Australian Food EBITDA increase
Working capital and non-cash
outflow due to higher inventory,
receivables and non-cash put
option revaluation
Lower interest paid reflects
demerger of Endeavour Group and
refinancing at lower interest rates
Higher tax paid due to higher
profit in F21 (including Endeavour)
Capex included in total cash used
in investing activities is discussed
on slide 26
Lower lease payments due to
Endeavour Group demerger
Endeavour Group intercompany
loan repaid on 28 June
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