Wood. Capital Allocation and Financial Strategy
Free cash flow reconciliation
Pre-IFRS 16 to post-IFRS 16 free cash flow reconciliation
Excluding
leases
HY23
Leases
HY22
Excluding
Total
Leases
FY22
Total
Total
leases
Adjusted EBITDA (includes continued and discontinued operations)
Less: JV element of EBITDA
Add: JV dividend
Adjusted EBITDA excl. IFRS 16 and JVs
Provisions
Other
Working capital
Operating cash flow
Net capex
Interest paid
Tax paid
Other
Non-cash movement in leases
Free cash flow pre-exceptionals
Exceptionals
151
51
202
190
61
250
458
(25)
(4)
(29)
(20)
(3)
(22)
(59)
8
8
16
16
30
134
47
181
186
58
244
429
(12)
(12)
(74)
(74)
(44)
11
11
15
1
16
28
(94)
(94)
(208)
(208)
(367)
39
47
86
(82)
59
(23)
47
(76)
(76)
(57)
(57)
(129)
(41)
(41)
(51)
(51)
(94)
(43)
(43)
(29)
(29)
(82)
1
1
(30)
(30)
(46)
(28)
(28)
(41)
(41)
(15)
(121)
19
(102)
(250)
18
(231)
(293)
(99)
6
(93)
(102)
8
(94)
(304)
Free cash flow
(219)
25
(194)
(352)
26
(325)
(597)
FX movements on cash and debt facilities
(22)
(8)
(30)
(12)
24
12
(26)
Divestments
(20)
(20)
1,729
(Increase)/decrease in net debt
(261)
17
(244)
(364)
50
(313)
1,107
35
wood.View entire presentation