Investor Presentaiton
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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 calculationView entire presentation