Investor Presentaiton
BALANCE SHEET STRENGTH
PROVIDES SECURITY AND FLEXIBILITY
$M
FY21
1H21
FY20
Assets
Cash and liquid investments
73.9
73.9
80.7
ORFR cash
23.3
23.3
9.0
Trade receivables and accrued income
34.6
31.6
27.5
Goodwill and intangible assets
206.4
207.2
208.4
Other assets
15.7
16.0
17.1
Total assets
353.9
352.0
342.7
Liabilities
Trade payables and other liabilities
10.4
13.8
14.8
-
Borrowings Corporate Facility
16.0
20.0
10.0
Borrowings - ORFR Facilities
23.3
23.3
9.0
Other non-current liabilities
31.6
32.2
32.5
Total liabilities
81.9
79.7
75.3
Net assets
274.2
270.1
267.4
Net cash
(63.9)
(57.9)
(60.7)
Debt (excl. ORFR facilities) / equity
3.6%
14.6%
10.8%
Debt (excl. ORFR facilities) / EBITDA
26.9%
48.1%
54.5%
STA
.
.
Debt/equity (excluding cash-backed
ORFR Loans) 3.6%
ORFR cash and debt facilities relate to
specific superannuation funds in the
STS business and offset one another
Substantial headroom in covenants
• Surplus borrowing capacity
• Flexibility to take advantage of growth
opportunities
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