Investor Presentaiton
USD Millions
Financial & Performance Highlights | Group Free Cash Flow
aramex
delivery unlimited
FCF Evolution
200
150
100
50
0
-50
-100
-150
-200
-250
Free Cash Flow = Cash Flow from Operating - (Lease Repayments + Interest Expense ROU) + CapEx
134
75
Otr1 Qtr2 Qtr3 Qtr4 Qtr1
(13)
(17) (29)
2020
0.3
0.2
86
0.1
66
37
10
24
15
10
3
-0.1
[4]
Qtr.2
Qtr3 Qtr4 Qtr1
Qtr2 Qtr3 Otr4
Qtr1
Qtr3 -0.2
-0.3
2021
2022
2023
-0.4
-0.5
-0.6
(214)
FCF QTD
Normalized
IFCF QTD
-FCF-to-Sales QTD
Free Cash Flow in Q3 2023 improved significantly,
benefitting from higher cash from operating
activities and improvement in the cash conversion
cycle.
Free Cash Flow in Q2 2023 was impacted by
dividend payments and lower operating cashflow
due to the decline in pre-tax income.
Free Cash Flow in Q4 2022 includes the
consideration paid for the acquisition of MyUS.
Normalised Free Cash Flow in Q4 2022 was $72
million, representing 4.5% of sales and indicating
the start of a good recovery compared to 2021
Normalizations applied to FCF in Q4 2022 include
the MyUS acquisition cash outflow, and certain
2021 non-recurring items including the proceeds
from the sale of InfoFort
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