FY23 Results Presentation
Robust balance sheet with scope to fund growth initiatives
•
•
Growth in net assets
The acquisition of Equus and Everyday Independence in November 2022
and February 2023 respectively, increased working capital, intangibles,
lease liabilities and borrowings
Refer to Appendix for detailed balance sheet
•
Liquidity position
APM has available cash and capacity in debt facilities of $366.4m
Balance Sheet (A$m)
FY23
FY22
Current Assets
684.1
532.5
Non-current Assets
2,462.7
2,146.0
Total Assets
3,146.8
2,678.5
Current Liabilities
(416.8)
(364.0)
Non-Current Liabilities
(1,232.5)
(834.8)
Total Liabilities
(1,649.3)
(1,198.8)
Net Assets
1,497.5
1,479.7
Debt
A$m
FY23
FY22
•
Weighted average debt duration of 3.8 years
Total facilities
1,140.0
840.0
Drawn¹
•
Net debt to EBITDA of 2.4x with target leverage of 2.0x in the absence of
accretive acquisitions
(880.4)
(602.7)
Available facilities
259.6
237.3
Cash
106.8
171.4
Total Liquidity
366.4
408.7
1.
Drawn $880.4m includes Non-Current Bank Loans (note 16) $866.1m add capitalised borrowing cost $8.5m and Bank Guarantees secured by facility $5.8m
APM
100
enabling better lives
FY23 Results Presentation | August 2023
12View entire presentation