Capital Raising Overview
Outlook
Normalised trading conditions expected to return in FY23
Westfield
• Due to the recent macroeconomic environment (including
COVID-19 lockdowns, travel restrictions and extreme weather
events in QLD and NSW), recovery has been slower than
expected impacting full year results, with a sustained
normalised level of trading expected to resume towards the
end of Q4 FY22
•
2H FY22 guidance is expected to be in the range of:
o Revenue $240m - $260m (vs 1H FY22 $217m)
。 EBITDA $2m - $4m (vs 1H FY22 Loss $2m)
Trading is expected to recover to normalised levels in 1H
FY23 with expected annualised revenue of more than $450m
and targeting improved EBITDA margins
Due to the ongoing external volatility and internal reset, the
Board withdraws our previously stated 3 year target revenue
of $750mView entire presentation