Investor Presentaiton
EBITDA
Webjet Limited
Return to
profitability,
c.$100m NPAT
turnaround from
FY22.
FY23 - Financial Summary.
TTV
Revenue (2)
Operating expenses (3)
Statutory Result
Underlying Operations
(1)
Webjet Limited Group
FY23
FY22
FY23
FY22
$4,345.5m
$364.4m
$1,638.0m
$138.0m
$4,345.5m
$364.4m
$1,638.0m
$138.0m
($229.6m)
($153.0m)
($229.6m)
($153.0m)
Non-operating expenses
($12.2m)
($18.2m)
Share based payment expenses
($7.6m)
($9.6m)
$115.0m
($42.8m)
$134.8m
($15.0m)
Depreciation and amortisation
($44.5m)
($25.4m)
($44.5m)
($25.4m)
Acquisition amortisation (AA) (4)
($30.0m)
($18.0m)
Net interest costs
($21.7m)
($18.7m)
($9.5m)
PBT
$18.8m
($104.9m)
$80.8m
($7.1m)
($47.5m)
Income tax (expense)/benefit (5)
($4.3m)
$23.3m
($10.9m)
$12.5m
NPAT
$14.5m
NPAT (before AA)
$44.5m
($81.6m)
($63.6m)
$69.9m
($35.0m)
$69.9m
($35.0m)
EPS (before AA)
11.7 cents
(16.8 cents)
18.3 cents
(9.2 cents)
1)
233
2)
3)
4)
Underlying Operations - excludes non-operating expenses (refer to
slide 20 for detail), Share Based Payment expenses, Acquisition
Amortisation and Convertible Notes interest.
Excludes interest income
Includes share of net loss from associates
Acquisition Amortisation - includes charges relating to amortisation of
intangibles acquired through acquisition and impairment charge on an
associate
5) FY22 has been restated for the deferred tax liability impact related to
the equity component of the convertible note. Refer to note 4.8 in the
financial statements for more information.
6)
Diluted EPS includes the impact of employee share grants and the
convertible bond
EPS
-
3.8 cents
(21.5 cents)
18.3 cents
(9.2 cents)
Diluted EPS (6)
3.8 cents
(21.5 cents)
17.2 cents
(9.2 cents)
Effective Tax Rate (excl AA)
Effective Tax Rate
8.8%
26.8%
13.5%
26.3%
22.9%
22.2%
13.5%
26.3%
Depreciation and Amortisation (D&A)
Rationalisation of technology platforms and implementation of new ERP/mid office solutions has resulted in a revision of useful lives
and D&A acceleration of legacy platform. Refer to note 4.7 of the financial statements.
FY24 outlook for D&A at c.$30 million and AA c.$15 million
17View entire presentation