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Investor Presentaiton

о O Balance sheet For personal use only Strong balance sheet supports growth strategy Citadel Group | Investor Presentation | 14 $m FY20 FY19 Change Cash 32.5 14.0 132.1% Trade and Other Receivables 12.2 21.5 (43.3%) Income Accrual 10.0 14.9 (32.9%) Plant and Equipment Intangibles Other Assets Total Assets 1.9 2.1 (9.5%) 263.7 84.6 211.7% 17.0 6.5 161.5% Wellbeing Acquisition > Wellbeing acquired for £103m ($205m), funded by a $34m unconditional placement, a $93m institutional placement and a $90m debt facility > Increase in Intangibles as a result of Goodwill ($135.8m), customer contracts ($31.8m) and software ($15.1m) acquired as part of the Wellbeing transaction Implementation of AASB16 Leases > Other Assets have increased by $10.4m due to recognition of right-of-use assets ($5.1m) as a result of the implementation of AASB16, lease liabilities of $7.8m also recognised Strong Cash and Net Debt Position 337.3 143.6 134.9% > Strong cash position at $32.5m > Debt comprises net bank debt of $80.6m and lease liabilities of $6.4m Debt 87.0 12.0 625.0% Trade and Other Payables > Leverage ratio <1.6x at 30 June 2020*, down from circa 2x at completion of Wellbeing acquisition 22.0 18.7 17.6% > First debt repayment due in October 2020 for circa $3m Other Liabilities 37.4 26.6 40.6% Total Liabilities 146.4 57.3 155.5% Company is well placed to service debt and financing costs and meet all covenant requirements in FY21 Shareholders Equity 190.9 86.3 121.2% Based on actual debt covenant calculation
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