Investor Presentaiton
Cash flow
Downer
Change in cash ($m)
FY23
FY22 Change
Cash conversion ($m)
1H23
2H23
FY23
Total operating cash flow
318.2
Net Capex (Core)
(205.4)
Net Capex (Non-Core)
495.4 (35.8%)
(134.9) (52.3%)
(8.8) 100.0%
Underlying1 EBIT
120.5
176.71 297.2
I
Add: Depreciation and amortisation
160.8
175.4i 336.2
I
Underlying1 EBITDA
281.3
352.1 i
633.4
|
I
Payment of principal lease liabilities (Core)
(165.0)
(146.4) (12.7%)
Operating cash flow
(35.4)
353.6!
318.2
Payment of principal lease liabilities (Non-Core)
(17.2) 100.0%
Add: Net interest paid
40.2
45.6
85.8
IT
(32.4)
(36.5) 11.2%
Add: Tax paid / (received)
19.1
(12.1);
7.0
Advances to JVs and Other
(9.3)
(2.7) (>100%)
Adjusted operating cash flow
23.9
387.1
411.0
Funds from operations
(93.9)
148.9 (>100%)
EBITDA conversion
8.5% 109.9%
64.9%
Dividends paid
Divestments
(125.4)
160.5
Acquisitions
(0.1)
(171.4) 26.8%
245.4 (34.6%)
(24.1) 100.0%
Depreciation and amortisation ($m)
1H23
2H23
FY23
Depreciation - PP&E
59.4
68.91 128.3
Share buyback
(17.8)
(142.6) 87.5%
I
Depreciation - Right of use asset
74.9
80.0
154.9
Net proceeds (repayment) of borrowings
227.3
(122.6) >100.0%
IT Amortisation
13.4
13.4
26.8
Net increase (decrease) in cash
150.6
Cash at the end of the period
889.1
(66.4) >100.0%
738.5 20.4%
Amortisation of acquired intangibles
Depreciation and amortisation
13.1
13.11
26.2
|
160.8
175.4
336.2
Total liquidity
1,864.1
1,943.5
(4.1%)
1 The underlying result is a non-IFRS measure that is used by Management to assess the performance of the business. Non-IFRS measures have not been subject to audit or review. Refer slide 32 for reconciliation
Downer FY23 Results | 31View entire presentation