Investor Presentaiton
FY23 Outlook
FY23 OUTLOOK REMAINS UNCHANGED
Continued
underlying revenue
and earnings
growth expected
in FY23
Qube remains positive about the remainder of the period and confirms its FY23 full year
guidance of underlying NPATA growth relative to FY22 and higher underlying EPSA growth
(compared to NPATA growth) due to the full year benefit from the share buyback completed in
May 2022.
This outlook continues to reflect the expectation of:
strong growth in underlying revenue and earnings (EBITA) in the Operating Division, with
the Logistics & Infrastructure business unit expected to achieve higher earnings growth than
the Ports & Bulk business unit;
strong growth in underlying EBITDA/EBIT for Patrick Terminals with the NPATA contribution
from Patrick Terminals modestly higher than FY22 due to an increased interest expense,
mainly resulting from higher base rates. Qube expects continued strong cash distributions
from Patrick Terminals in FY23; and
increased corporate costs and a significant increase in interest expense.
This outlook continues to assume no material adverse change to current conditions in Qube's
markets or domestic or global economic and/or political conditions, including any deterioration
due to COVID-19 that impacts Qube's workforce, customers, markets, or operations. It also
assumes that any further extreme weather events, such as those that have impacted the east
coast of Australia and parts of New Zealand in 2022, do not materially disrupt the operations of
Qube, or its customers, during the remainder of FY23.
QUBE
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