Investor Presentaiton
For personal use only
Reconciliation of pro forma to statutory EBITDA and NPAT
Reconciliation to Statutory Results
A$m
Pro forma EBITDA
IPO listing costs
Extinguish pre-IPO MEP plan
Foreign exchange impact on US debt
Employee IPO Gift
Total EBITDA Adjustments
Statutory EBITDA
Pro forma NPAT
IPO listing costs
Extinguish pre-IPO MEP plan
Foreign exchange impact on US debt
Employee IPO Gift
Debt refinance - July 2021
Reverse pre-IPO bank interest
Capital structure on IPO
Shareholder interest expense
Tax effect of adjustments
Total NPAT Adjustments
Statutory NPAT
Note
H1 FY22
H1 FY21
138.8
1234
(27.9)
(10.5)
119.1
(12.9)
4
(5.1)
(56.5)
82.4
-
13.3
132.4
13.3
1. IPO listing costs - advisor costs relating to the IPO Offer.
2. Extinguish MEP plan - As a result of the Offer, the
Management Equity Plan was fully vested and expensed
in the income statement.
3. FX impact on US debt - impact of FX fluctuations on USD
denominated debt.
4. IPO gift - on IPO, APM offered a gift of Shares to
qualifying employees.
5. Debt refinance – expense associated with APM's refinance
of the first and second lien term loan facility to an all first lien
facility in July 2021.
6. Capital structure – proceeds from the IPO were used to pay
down debt and subsequently reduce the interest expense.
This adjustment assumes the go forward capital structure
was in place for the entire period reported.
7. Shareholder interest – removing historical interest expense
relating to the non-redeemable preferences (Series A) shares
which converted to ordinary equity on IPO.
8. Tax effect - recognise the tax effect of the abovementioned
adjustments (note: shareholder interest expense is non-
deductible for Australian tax purposes).
51.0
30.5
1234
(27.9)
(10.5)
(12.9)
13.3
(5.1)
56
(24.7)
6
(18.1)
(28.3)
6
14.7
14.7
7
(28.3)
(35.9)
8
19.2
5.1
(93.6)
(31.1)
(42.7)
(0.6)
24
|H1 FY22 Results Presentation
APM
enabling better livesView entire presentation