2023 Full-year results
Balance sheet and debt management
•
•
•
·
- Weighted average debt term to maturity of
Continue to focus on balance sheet and cost of funds
Debt maturity profile²
-
- Weighted average cost of debt for the year increased
to 3.32% (FY22: 3.11%)1
$m
2,250
1,750
1,250
750
250
(250)
(750)
-
4.4 years (FY22: 5.0 years)
Actively monitor the Group's debt mix and manage
exposure to variable rates
Maintained significant flexibility and debt capacity
- Committed unused bank facilities available of c.$2.6b
Significant headroom against key credit metrics
Net financial debt position of $4.0b as at 30 June 2023,
compared to net financial debt position of $4.3b as at
30 June 2022
Other finance costs increased 40.6% to $135m,
reflecting higher average borrowings during the year
On a combined basis, other finance costs including
capitalised interest increased 36.2% to $177m
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Maintained strong credit ratings
Moody's A3 (stable outlook)
- S&P A- (stable outlook)
FY23
FY24
FY25
FY26
FY27
FY28
FY29
FY30
FY31
FY32
FY33
FY34
■Drawn bank facilities
Undrawn bank facilities
■Capital markets
Cash and cash equivalents
Finance costs and weighted average cost of debt
$m
200
150
100
50
50
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
FY19
FY20
FY21
FY22
FY23
wwwww.Capitalised Interest [LHS]
Other finance costs [LHS]
Note: Refer to slide 64 for relevant definitions.
1. The average cost of debt for the month of June 2023 was 3.73%.
2. As at 30 June 2023. Capital markets debt is net of cross-currency interest rate swaps.
Weighted average cost of debt [RHS]
2023 Full-year results | 16View entire presentation