Investor Presentaiton
STRIX TECHNOLOGY
Cash Flow
₤10.0m
£0.0m
(£10.0m)
£40.5m
(£37.2m)
(£20.0m)
(£30.0m)
(£40.0m)
(£50.0m)
Investor Presentation | FY2021 Final Results
(£4.7m)
(£11.4m)
(£4.9m)
(£15.4m)
Subject to
capital allocation
framework
(£1.6m)
(£16.5m)
Strix
TECHNOLOGY
(£51.2m)
Commentary
Financing & Tax: £4.7m outflow
(2020: £3.4m outflow) includes bank interest, and IFRS16
lease payments and tax
Net working capital: £11.4m outflow
(2020: £1.7m outflow) predominantly driven by an
increase in inventories, and trade and other receivables
Exceptional & Others: £4.9m
(2020: £0.6m outflow) driven by exceptional costs related
to strategic projects, cost of sales and FX movements,
offset by acquisition-related costs and profits on the
disposal of assets
Capital expenditure: £15.4m
(2020: £17.4m outflow) [primarily driven by the purchase
of PPE and capitalised development costs]
OCF¹ to EBITDA conversion ratio: 28.8%
(2020: 44.3%) due to very high net working capital
outflows in the current year
FCF²: £4.2m
(2020: £10.4m) mainly driven by lower OCF, more
specifically higher working capital movements relating to
inventory and receivables, compared to the prior year
(£60.0m)
Net Debt 2020
Adj. EBITDA
Financing & Tax Net Working Cap Except. & Other
Capex
Acquisitions
Dividends
Net Debt 2021
1
OCF is defined as: 'Cash generated from operating activities' less 'Net cash used in investing activities excluding acquisitions.
2 FCF is calculated as: OCF less Capex, Net interest, Tax paid, ROU lease creditor payments.
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