Investor Presentaiton
Definitions of non-IFRS terminology
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Average net interest rate is calculated as net interest expense as a percentage of average daily debt, adjusted for discounting of
provisions
Capital expenditure represents payments for property, plant and equipment and payments for intangible assets
Cash conversion is calculated as EBITDA less non-recurring items, add/less movement in working capital and other non cash items,
less minor capital spend, as a percentage of EBITDA less non-recurring items
EBIT Margin is calculated as EBIT as a percentage of sales revenue
EBITDA is calculated as EBIT plus depreciation and amortisation
EBIT Interest cover is calculated using EBIT excluding non-recurring items, divided by net interest expense
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Minor capital expenditure is capital expenditure on projects under A$5M
Net debt is calculated as interest bearing liabilities, less cash and cash equivalents
Net debt inclusive of USPP hedge value is calculated by taking closing net debt adjusted to include the asset balance relating to the
cross currency and interest rate exposures relating to the US Private Placement (USPP) debt
Net debt: EBITDA is calculated by using year end net debt (adjusted to include the asset balance relating to the cross currency interest
rate swap established to hedge the USD currency and interest rate exposures relating to the USPP) divided by pro forma EBITDA
before non-recurring items
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Net interest expense is equivalent to 'Net finance costs'
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Net profit after tax or NPAT represents 'Profit for the year attributable to ordinary shareholders of DuluxGroup Limited'
NPAT excluding non-recurring items - represents NPAT, excluding the non-recurring items. Directors believe that the result excluding
these items provides a better basis for comparison from year to year.
Non-recurring items are outlined within the presentation
Operating cash flow is the equivalent of 'Net cash inflow from operating activities'.
Operating cash flow excluding non-recurring items – the equivalent of 'Net cash inflow from operating activities', less the cash
component of the non-recurring items
Recordable Injury Rate is calculated as the number of injuries and illnesses per 200,000 hours worked
Rolling TWC to sales is calculated as a 12 month rolling average trade working capital, as a percentage of annual sales
Trade Working Capital (TWC) is the sum of trade receivables plus inventory, less trade payable DuluxGroup
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