1H23 Results
1H23 RESULTS | 23 FEBRUARY 2023
Strong portfolio growth
For the 6 months ended 31 December 2022
Total gross income and revenue
$170.2m
From diversified sources and a
secondary market sale
&
New commitments1
$304.2m
55% of FY23 target
DE
OMNI
BRIDGEWAY
Funds under management²
~$3bn
Across a balanced portfolio
Highlights
Financial results
Net loss after tax
$(30.1)m
Down $21.4m due to lower
than expected completions
Success rate 76%
3yr ROIC
1.15x
3yr IRR
35%
Across finalised litigations
Estimated portfolio
value (EPV)1
$29.8bn
Up 9.6% on 30 June 2022
Implied embedded
value (IEV)
$3.8bn
Up 5.2% on 30 June 2022
EPV conversion rate
14%
3 year rolling average
Cash and receivables
$220.0m
Plus access of up to $100m debt
1.
Includes conditional and Investment Committee approved investments.
2.
After full establishment of Fund 8.
Portfolio performance
Strategy
Annexure
3View entire presentation