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Investor Presentaiton

Reconciliation of underlying to statutory results Downer Amortisation of Reconciliation of underlying to statutory results ($m) EBITA¹ Net interest expense Tax expense² NPATA¹ acquired intangibles (post-tax) NPAT Underlying³ results 323.4 (88.0) (61.2) 174.2 (18.4) 155.8 Fair value on Downer Contingent Share Options (DCSO)4 10.0 10.0 10.0 Divestments and exit costs 20.8 (18.6) 2.2 2.2 Portfolio restructure costs (25.4) 7.6 (17.8) (17.8) Regulatory reviews and shareholder class action related costs (6.5) 1.9 (4.6) (4.6) Impairment and other asset write-downs (549.6) 18.3 (531.3) (531.3) Total items outside underlying result Statutory results (550.7) 9.2 (541.5) (541.5) (227.3) (88.0) (52.0) (367.3) (18.4) (385.7) 1 Downer calculates EBITA and NPATA by adjusting EBIT and NPAT to add back acquired intangible assets amortisation expense. Group FY23: $26.2m, $18.4m after-tax. (FY22: $34.8m, $24.4m after-tax) 2 Tax of $61.2m is calculated by adjusting underlying tax of $53.4m with $7.8m tax on amortisation of acquired intangible assets 3 The underlying result is a non-IFRS measure that is used by Management to assess the performance of the business. Non-IFRS measures have not been subject to audit or review 4 The fair value of the Downer Contingent Share Options (DCSO) have decreased primarily driven by the movement in Downer's share price from $5.05 at 30 June 2022 to $4.11 at 30 June 2023 Downer FY23 Results | 32
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