FY23 Results Presentation
FY23 RESULTS PRESENTATION
Robust financial flexibility and liquidity
31 December 2023 metrics ($m)
Leverage Ratio¹ continues
to improve as EBITDA grows
Interest Cover Ratio² more
than 2x covenant
Cash on hand
338.7
Undrawn revolver
Total liquidity
400.0
14
738.7
3
Headroom
12
12
12.4
12.6
Term loan
750.0
to covenant
10
Lease liabilities
Total debt
133.5
Headroom
to covenant
883.5
1.8
2
8
Net debt
Total debt facilities
Credit rating
Covenants
ventia
544.8
1,150.0
S&P: BBB (stable outlook)
Moody's: Baa2 (stable outlook)
1
1.4
6
1.2
4
Leverage Ratio¹≤3.25x
(1.2x as at 31 Dec 23)
2
Interest Cover Ratio² >4x
(10.0x as at 31 Dec 23)
0
0
FY21
FY22
FY23
FY21
FY22
FY23
15
1. Calculated as Net Debt/bank adjusted EBITDA.
2. Calculation methodology updated to reflect the bank covenant interest cover ratio, which uses net interest expense rather than total interest expense
10.0View entire presentation