GROUP - EBIT PERFORMANCE - PRE COVID TO NOW
Domino's
APPENDIX 9 - GROUP BANKING COVENANT RATIOS
Interest Coverage
H122
Underlying
FY22
Underlying
Pre AASB16
Pre AASB16
H123
Underlying
Pre AASB16
Net Debt (¹)
$ mil
$ mil
$ mil
$ mil
H122
Underlying
Pre AASB 16
$ mil
FY22
Underlying
Pre AASB 16
H123
Underlying
Pre AASB 16
$ mil
12 Month Rolling EBITDA (ex AASB16)
362.6
339.7
310.8
Non-current borrowings
608.0
622.6
711.8
Plus: Current borrowings
6.5
38.0
110.5
12 Month Rolling Interest (ex AASB16)
(10.0)
(10.1)
(12.5)
Plus: Capitalised borrowing costs
4.6
3.8
5.2
Interest Coverage (multiple)
36.3x
33.7x
24.8x
Less: DPG MI borrowings
(20.3)
(16.9)
(17.3)
Banking Covenant
> 3.0x
Less: Cash and cash equivalents
Net Debt
(107.6)
(76.9)
(143.7)
491.2
570.7
666.5
12 Month Rolling EBITDA (ex AASB16)
Net Leverage Ratio (x)
362.6
339.7
310.8
1.4x
1.7x
2.1x
Banking Covenant
<3.0x
Summary
☐
Interest Coverage Ratio lower, due to lower EBITDA
Summary
☐
Net Debt increases by $95.8m vs. FY22, as a result of the Malaysia and
Singapore acquisitions ($202.8m), partly offset by $163.2m net equity raising
Net Leverage ratio increases, primarily as a result of an increase in net debt
(above), attributable to recent Malaysia and Singapore acquisition
The following acquisition payments are anticipated in future periods:
Germany MI, acquisition payment of circa $122.7m
1)
Current and Non-current borrowings include historic Finance leases under legacy leasing
standard, per banking covenant facilities arrangement
64View entire presentation