Velan Investor Presentation Q1 F2024
Net cash analysis
Free Cash Flow² ($m)
13,5
0,6
31,2
2,6
9,6
1,1
50,3
Net cash bridge ($m)
9,6
0,9
0,4
58,6
-3,8
EBITDA
2
AR
Inv
Other
Interest, tax
Capex
FCF
3
WC mov.
and others
End of
Q4 F2023
FCF
Repay. LTD
Others
End of
Q1 F2024
Free Cash Flow generation driven primarily by increased collections partially offset by inventory build-up.
Net cash and overall liquidity position (net cash + unused credit facilities) for the company remains strong at $58.6 m and $145.0 m respectively.
1 Non-IFRS and supplementary financial measures additional specifications at the end of this presentation
2 Free cash flow is defined as Cash provided (used) by operating activities less additions to property, plant and equipment (or Capex)
3 Includes net change in long-term provisions and customer deposits
* Other adjustments are defined as loss (gain) on disposal of property, plant and equipment, minority interests, net change in derivative assets and liabilities and other long-term liabilities.
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