Investor Presentaiton
ELDERS LIMITED
Cash Flow
Strong cash returns benefiting from lower market prices and focus on capital efficiency
Operating Cash Flow ($m)
81.3
26.9
(16.2)
239.1
57.6
170.8
17.1
(106.3)
(62.0)
169.2
EBIT
Depreciation
and
amortisation
Other non
cash items
Interest, tax
and dividends
EBITDA
adjusted
for non
cash items
(Inc)/dec in
trade and
(Inc)/dec in
inventories
other
receivables
Inc/(dec) in
trade and
other payables
Other
movements¹
Operating
cash flow
Key metrics ($m)
Underlying EBITDA adjusted for non cash items
Movements in assets and liabilities
Cash from operating activities
Investing cash flows
Financing cash flows
Net cash flow
123
1.
2.
3.
Other movements includes provisions and balances acquired via acquisitions
Cash conversion is calculated on a YTD basis, operating cash Flow / U'NPAT
Working capital to sales is calculated on a rolling 12-month basis
Cash Conversion (%)²
75%
FY22
+88%
163%
FY23
FINANCIAL RESULTS
Working Capital to Sales (%)³
18
+26%
22
FY23
FY22
Var
FY22
FY23
239.1
327.7
(27%)
(69.9)
(214.0)
67%
Net Cash Flow ($m)
169.2
113.7
(49%)
(132.1)
(45.1)
(193%)
+33.8
3.6
(33.5)
(98.7)
(66%)
3.6
(30.2)
112%
(30.2)
FY22
FY23
24
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