Investor Presentaiton
Reconciliation: Profit Before Tax to EBITDA &
Underlying EBITDA
In millions of AUD
6 months
ended
31 Dec 2022
(Current
period)
6 months
ended
31 Dec 2021
(PCP)
6 months
ended
30 Jun 2022
(Prior half)
12 months
ended
30 Jun 2022
Current period Current period
vs PCP
vs Prior half
Reconciliation:
Profit Before Tax
Net interest income
Depreciation and amortisation
Reported EBITDA
7.3
13.9
1.9
15.8
(6.6)
5.4
(3.3)
(0.1)
(0.8)
(0.9)
(3.2)
(2.5)
10.9
10.8
11.4
22.2
0.1
(0.5)
14.9
24.6
12.5
37.1
(9.7)
2.4
Foreign currency losses / (gains)
2.1
(3.5)
(4.7)
(8.2)
5.6
6.8
Rent concessions
(0.4)
(0.1)
(0.5)
0.4
0.1
Provision for Mexican duties and other charges
5.5
16.5
16.5
5.5
(11.0)
Impairment losses - LATAM and Australia and Other CGU
Underlying EBITDA
3.9
26.4
5.2
5.2
3.9
(1.3)
20.7
29.4
50.1
5.7
(3.0)
The $3.9m impairment charge recognised in the six-month period ended 31 Dec 22 predominately relates to reduction in available headroom in the LATAM
CGU due to a lower recoverable amount for this CGU. This non-cash impairment resulted from the timing nature of the current business model within
LATAM where gaming machines are initially placed under operation which results in assets requiring assessment for impairment purposes despite the
generation of increased participation revenue prior to the potential conversion to sale. Increasing inflationary cost pressures also impacted the recoverable
amount for this CGU.
A
10
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