Investor Presentation October 2020
Sources and Applications of Cash
OMNI
BRIDGEWAY
FY 2020
$m
FY 2019
$m
Cash generation
Proceeds from litigation funding
171.0
43.2
Proceeds from claims portfolio investments
15.0
Proceeds from disposal of a financial asset
9.7
NCI contribution to Fund 6 costs
4.5
•
•
IFRS reporting does not necessarily represent the cash generating capacity of
the business given revenue recognition principles and capitalisation of certain
expenses into intangibles.
Net cash generation identifies cash inflows from completions and deducts
cash expenses during the period.
FY20 produced a record amount of cash for the group on a consolidated
basis, which flowed into cash on the balance sheet and in the funds.
Net interest
(4.6)
(4.6)
Other income
0.8
Movement in receivables
117.8
(8.8)
Net Cash Generation
314.2
29.8
250.0
Cash burn
Operational cash expenditure
(68.6)
(57.4)
236.6
200.0
Transaction costs - purchase of Omni Bridgeway Holding BV
Group (one-off)
(4.8)
150.0
Professional advisors (one-off)
(0.3)
(1.6)
Income tax received / (paid)
(3.9)
3.5
100.0
(77.6)
(55.5)
Net cash generation
236.6
(25.7)
50.0
72.7
Cash and net receivables
63.0
10.2
Balance Sheet
133.2
132.8
0.0
Funds
61.2
93.6
(25.7)
Movement in receivables
117.8
(8.8)
(50.0)
312.2
217.6
FY16
FY17
FY18
FY19
FY20
INVESTOR PRESENTATION | OCTOBER 2020
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