Investor Presentaiton slide image

Investor Presentaiton

2021 FINANCIAL SNAPSHOT Cash break even at the Fee Floor FY20 FY21 Change Revenue - Refinery1 NZ$M 189.9 186.0 3.9▼ 2% Revenue - Infrastructure1 NZ$M 41.0 42.5 1.5A 4% EBITDA NZ$M 50.4 72.8 22.4A 44% Capital Expenditure² NZ$M 33.4 34.0 nm Free cash flow³ NZ$M 11.0 3.2 7.8▼ 71% Net Profit/(Loss) after tax NZ$M (198.3) (552.6) (354.3) ▼ nm Net Debt4 NZ$M 231.3 183.6 47.7 ▼ 21% 2. 123 For further information, please refer to our FY21 Financial Statements, available at http://www.refiningnz.com/investor-centre.aspx Payments for property, plant and equipment (cashflow basis) For a full definition please refer to the Glossary on slide 25 REFINING NZ 2021 ANNUAL RESULTS PRESENTATION Lower Refinery revenue reflects lower gas usage, no wage subsidy in 2021 and lower carbon unit sales Improved EBITDA reflects the benefits of the refinery simplification and settlement gains from "cash out" of legacy balance sheet items (refer next page) Net loss after tax includes impairment of refining assets and recognition of conversion related provisions Net debt c.$47 million lower than FY20, primarily reflects the proceeds of the equity raise to fund Private Storage 9
View entire presentation