Investor Presentaiton
Celebrating 50 years FY22 Additional Information
Residential: EBIT reconciliation and gross development margin
50
Gross development margin
Development revenue
JV development revenue
Total development revenue
Cost of development and construction
JV cost of development and construction
Total cost of development and construction
Residential gross development profit
Residential gross development margin %
Gross development margin (excluding JV projects)
Development revenue
Cost of development and construction
Residential gross development profit (excluding JV projects)
Residential gross development margin % (excluding JV projects)
mirvac
FY22
FY21
$m
$m
Residential EBIT reconciliation
FY22
$m
FY21
$m
949
821
Development revenue
949
821
126
120
Management fee revenue
1
1
1,075
941
Total development revenue (excluding JV)
950
822
(720) (638)
(82) (61)
(802) (699)
Share of net profit of JV and other revenue
68
67
Total operating revenue and other income
1,018
889
Cost of development and construction
(720)
(638)
$273m $242m
Other development costs
(10)
(11)
25%
26%
Sales and marketing expense
(41) (30)
Employee and other expenses
(52) (42)
Total cost of property development and construction
(823) (721)
FY22
FY21
$m
$m
Total Residential EBIT
$195m $168m
949
821
Residential EBIT margin
19%
19%
(720) (638)
$229m $183m
24% 22%
11 AUGUST 2022 | 87View entire presentation