Investor Presentaiton
(8)
⑧ Demonstrated financial performance
Note:
1.
Revenue growth
fueled by market
share acquisition
and ability to
capture the most
Revenue (US$m)
Revenue
CAGR: +17%
368
331
270
205
207
dynamic
segment of the
market
Improved
2019
2020
2021
margins through
optimized rig
EBITDA (US$m) and EBITDA margin (%)
utilization rate
Disciplined cash
EBITDA
EBITDA Margin
conversion
allowed by top
16%
industry
16%
standards
14%
2022
TTM 2023
Gross profit (US$m) and Gross margin (%)
Gross Profit
Gross Margin
FORACO
25%
22%
18%
17%
16%
71
47
38
32
2019
2020
92
92
2021
2022
TTM 2023
Free cash flow and CapEx (US$m)
23%
Cash
conversion
27%
20%
Operating cash flow
CapEx
85
67
43
34
29
50%
31
29
29
24%
26%
21%
21
21
19
13
13
37
34
44
27
20
20
FORACO.COM
2019
2020
2021
2022
TTM 2023
2019
2020
2021
2022
TTM 2023
12
Cash conversion = (Operating CFs - capex) / EBITDAView entire presentation