Ashtead Group Results Presentation Deck
CASH FLOW FUNDS ALL FLEET INVESTMENT
($m)
EBITDA before exceptionals
EBITDA margin
Cash inflow from operations¹
Cash conversion ratio
Replacement capital expenditure
Non-rental capital expenditure
Disposal proceeds
Interest and tax
Cash flow before discretionary
items
Growth capital expenditure
Exceptional costs
Free cash flow
Business acquisitions and
investments
Cash flow available to equity
holders
Dividends paid
Share issues/returns
LTM-
Jan 23
4,239
46%
3,822
90%
(1,181)
(512)
508
(566)
2,071
(1,389)
682
(643)
(349)
(358)
(1,350)
1 Before fleet changes and exceptional items
2022 2021 2020 2019 2018
(1,325) (1,317) (195)
32 Nine month results | 31 January 2023
480
607
34%
3,609 3,037
45% 46% 47%
3,406 3,017 3,076
94% 99%
(830) (754)
3,008 2,748 2,319 1,947
47% 47%
47%
2,664 2,248 1,889
97% 97% 97%
(617) (503) (536)
581
102%
(823)
(264) (220)
1,769 1,452 1,098 817
46% 45% 42% 38%
1,617 1,347 1,030 789
91% 93% 94% 97% 96%
(680) (432) (400) (426) (354)
(126) (137) (92) (80)
164 163 151 144
(398)
(146)
(165)
(138)
403
(189)
215
369
208
271
327 250
(393) (253) (278)
(450) (643)
(195)
(127)
(152)
(89)
(76)
2,097 1,885 1,923 1,824 1,493 1,220 916
(63) (906) (1,344) (945) (787) (1,010)
(936)
(36)
(16)
(32)
1,125 1,822 1,001
(577)
(767)
(192) 1,627 424
(287)
(269) (235) (234) (214)
(433) (16) (592) (621)
(894) 1,376 (402) (1,122)
516
(477)
2017
39
-
433
2016
(542)
2015 2014 2013
(94)
(102)
801
(939)
(196) (522)
(109)
(152) (122) (99)
(192)
(230) (73) (18) (34)
(383) (334) (336) (655)
567
(650)
(399)
(1) (4) (25)
(139)
(87) (78)
(383) (163) (53)
346
2012 2011 2010 2009
(250) (131)
(65) (32)
(34) (16)
(349)
(179)
444
409
30%
30%
597
33%
426 604
99% 104% 101%
438
(285) (58) (349)
(32) (11) (46)
93
49 154
(90) (111) (87) (107)
201
(216)
(5)
(20)
(35)
103
(19) (13)
84
306
(55)
(55)
(24) (23)
(6)
(85)
29
319
6
(1)
305
(21)
284
256
(16)
240
175
415
(22)
(30)
363
2008 2007
730 593
35% 35%
715 607
98% 102%
(391) (407) (266)
(46) (62)
186 150
(166) (132)
(30)
90
(74)
271
2006
156
399
316
35%
385
96% 97%
32%
307
(178)
(10)
67
(58)
105
(242)
(120)
(111)
(19) (131) (35)
10 (95) (41)
(12) (622)
(77)
2005
(2) (717) (118)
(21) (14)
(4)
117
(48) 275
(71) (456)
(5)
128
(19)
(10)
99
1
100
100
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