FY23 Results Presentation slide image

FY23 Results Presentation

Cash Flow Bridge Highlights I I 1 30-Jun-22 Cash 171.4 EBITDA (inc Leases) Cash EBITDA ($272.2m) after adding back leases ($61.2m), underlying adjustments ($21.7m) and non-cash items ($10.2m) (67.6) 125.6 2 (54.5) (21.3) (46.2) 4 5 107.4 Working Capital APM enabling better lives FY23 Results Presentation | August 2023 Investing Cash Flow & Income Tax Interest Paid Div's & Distributions (2) Working capital movements in the second half resulted in operating cash conversion of 83.4%. Lower cash conversion in H1'23 was driven by contract ramp-up and seasonality in the US 3 31-Dec-22 Cash EBITDA (inc Leases) Capital expenditure of $46.6m was 2.3% of revenue, expected to be lower in FY24. Cash tax of $39.3m full year, was high in H1 due to timing of FY22 cash tax payments ($12m) Inclusive of I acquisition purchase price and funding (22.8) 2 (47.9) 146.6 3 (29.7) (46.8) 5 106.8 Working Capital Investing Cash Flow & Income Tax Interest Paid 4 Cost of debt increased as interest rates increased through year, in addition to acquisition debt to acquire Equus and Everyday Independence Div's & Distributions 5 30-Jun-23 Cash Payments relate to the final FY22 dividend of $45.9m and the first half FY23 interim dividend of $45.9m, both in- line with APM's policy of 40% to 60% of NPATA 14
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