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
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