Investor Presentaiton
EML Payments H1 FY2022 Financial Results
Analyst Briefing Data - FY2020-FY2022
Key Financials ($'000s)
Revenue (includes interest income)
Gross profit
Employee benefits expense
Professional fees
Other operating expenses
Research and development credit
H1 2020
H2 2020
FY 2020
6mnths
6mnths
12 mnths
H12021
6mnths
H2 2021
6mnths
FY 2021
12 mnths
H1 2022
6 mnths
$59,156
$62,474
$121,630
$95,329
$98,847
$194,176
$114,416
$44,803
$43,943
$88,746
$67,253
$63,123
$130,376
$75,407
($16,794)
($22,279)
($39,073)
($27,076)
($26,758)
($53,834)
($30,664)
($1,689)
($1,310)
($2,999)
($2,084)
($1,880)
($3,964)
($3,240)
($7,098)
($8,383)
($15,481)
($10,944)
($9,253)
($20,197)
($15,514)
$500
$843
$1,343
$906
$61
$967
Costs in relation to CBI matter provided & incurred
Other income
EBITDA
$19,722
$12,814
$32,536
$28,055
Addback: Costs in relation to CBI matter provided & incurred
UNDERLYING EBITDA
$19,722
$12,814
$32,536
$28,055
($11,351)
$178
$14,120
$11,351
$25,471
($11,351)
($12,659)
$178
$874
$42,175
$14,204
$11,351
$12,659
$53,526
$26,863
UNDERLYING EBITDA margin
33%
21%
27%
29%
26%
28%
23%
Acquisition costs
($3,373)
($12,421)
($15,794)
($125)
($3,306)
($3,431)
($2,508)
Depreciation and amortisation
($6,768)
($12,351)
($19,119)
($14,824)
($15,012)
($29,836)
($14,159)
Share-based payments
Research and development credit
Finance costs
Other non-operating income / (expenses)
($4,706)
($1,440)
($6,146)
($2,876)
($2,091)
($4,967)
($3,580)
($500)
($843)
($1,343)
($906)
($61)
($967)
($1,333)
($1,202)
($2,535)
($1,230)
($753)
($1,983)
($3,015)
$1,390
$3,820
$5,210
($5,372)
($731)
($6,103)
$323
Deduct: Non cash amortisation FV - bond investments
($671)
($671)
($1,033)
($925)
($1,958)
($989)
Fair value lost on contingent consideration
($51,771)
$35,560
($16,211)
Tax [expense]/benefit
($127)
$846
$719
($1,878)
($3,536)
($5,414)
($2,350)
Addback: Tax in relation to CBI matter provided & incurred
($3,558)
Underlying Net profit/(loss) after tax
$4,305
($11,448)
($7,143)
($51,295)
$33,951
($17,344)
$(2,973)
Addback: Amortisation on acquisition intangibles
$1,477
$9,608
$11,085
$10,186
$10,024
$20,210
$8,555
Addback: Acquistion related costs
$990
$2,637
$3,627
$530
$3,675
$4,205
$4,255
Deduct: Gain on cashflow hedge for acquisition
($3,026)
($3,026)
($543)
Add back: Tax expense effect on hedge
$3,714
$3,714
$271
Addback: Non cash amortisation FV - bond investments
$671
$671
$1,033
$925
$1,958
$989
Addback: Fair value lost on contingent consideration
Adjustments for: Acquisition costs
$3,373
UNDERLYING NPATA
$10,145
$12,421
$10,863
$15,794
$21,008
$51,771
$125
$12,350
($35,560)
$16,211
$3,306
$20,035
$3,431
$2,508
$32,385
$13,062
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