Investor Presentaiton
☐ Cash flow
For personal use only
Strong cash from operations reflects shift to
recurring, defensive revenue model
© Citadel Group | Investor Presentation | 15
$m
Opening Cash
Cash from Operations
FY20
FY19
Change %
14.0
23.9
(41.4%)
22.9
14.7
55.8%
Investment in plant and equipment
(0.5)
(0.6)
(16.7%)
Investment in intangibles
(5.9)
(5.6)
5.4%
Acquisition of subsidiaries, net of
cash
(198.2)
(2.5)
>100.0%
> Closing cash position of $32.5m places the Group in a strong position to trade
through COVID-19 without any further funding requirements – no JobKeeker
payments received in FY20
> Cash used to fund Wellbeing acquisition of $7.5m, on top of capital
raise/management rollover of $136.6m and additional debt facility of $72.6m
> Operating cashflow up 55.8% as business scales
> Cash conversion (Underlying EBITDA to Cash from Operations) 78.4%
> Capital expenditure includes $1.6m towards new ERP system
Repayment of loans and leases
> Intangibles reflect investment in R&D of $4.3m
(22.3)
(5.3)
>100.0%
Dividends paid
(8.7)
(10.5)
(17.1%)
Proceeds from share issue
132.2
0.0
>100.0%
Proceeds from loans
100.3
0.0
>100.0%
Discontinued operations
0.0
(0.1)
(100.0%)
Foreign currency translation
(1.3)
0.0
>100.0%
Closing cash balance
32.5
14.0
132.1%View entire presentation