Investor Presentaiton
EML Payments H1 FY2022 Financial Results
Financial Performance
- Strong GDV and Revenue Growth
($'000s)
GDV
TOTAL REVENUE¹
Revenue conversion bps
H1 FY2021 H1 FY2022 GROWTH
10,212,313
95,329
31,558,151
209%
114,416
20%
93bps
36bps
(61%)
GROSS PROFIT
67,252
75,407
12%
GP margin
71%
66%
(5%)
OVERHEAD EXPENDITURE (Incl. R&D tax offset)
(39,198)
(48,544)
24%
Costs in relation to CBI matter provided & incurred
EBITDA (Incl. R&D tax offset)
(12,659)
(100%)
28,054
14,204
(49%)
GDV
$31.6bn
UNDERLYING
NPATA 1,2
$13.1m
Addback: Costs in relation to CBI matter
12,659
100%
UNDERLYING EBITDA (Incl. R&D tax offset)¹
28,054
26,863
(4%)
UNDERLYING EBITDA margin
29%
23%
(6%)
Depreciation & amortisation
(14,824)
(14,159)
4%
209% on PCP
6% on PCP
Share-based payments
(2,876)
(3,580)
(24%)
Fair value adjustment (AASB3, contingent consideration and financial assets)
Other
(57,510)
(464)
99%
(2,261)
(5,725)
(153%)
Underlying Net Profit / (Loss) before tax
(49,417)
2,935
106%
Tax (including Research and Development tax offset)
Subtract: Tax in relation to CBI matter provided & incurred
(1,878)
(2,350)
(25%)
(3,558)
(100%)
Revenue¹
$114.4m
20% on PCP
UNDERLYING
EBITDA¹
$26.9m
Underlying Net Profit after tax
(51,295)
(2,973)
94%
Add back: Acquisition related adjustments³
10,841
15,589
(19%)
Add back: FV on contingent consideration³
51,771
(100%)
Subtract: Gain on cashflow hedge³
(543)
(100%)
4% on PCP
Add back: Non cash amortisation of AASB3 fair value uplift to bond.
investments³
1,033
989
(4%)
UNDERLYING NPATA 1,2
12,350
13,062
6%
1
Revenue, EBITDA & NPATA are stated excluding the impacts of the non cash amortisation of AASB3 fair value uplift to bond investments and CBI
and related costs, including the Shine Group Proceedings.
2 NPATA represents the profit generated by the business excluding all acquisition related costs including; amortisation, contingent considerations,
share based payments and cash expenses that relate to acquisitions.
3 AASB3 Acquisition adjustments include amortisation arising on fair value adjustments to acquired balance sheets, acquisition costs and other
costs where directly attributable to acquisitions.View entire presentation