FY23 Business Outlook
Financial guidance
Revenue / CCY
Costs included within Adj.
EBITDA
Exceptional spend
Working capital
Capex and leases
Taxation and Interest
Digital Safe
Other
On track to exit FY23 with flat or better revenues. No change in
assumptions on FY22, with progress not expected to be linear.
On track to exit FY23 with a c. $300m reduction in the cost base net
of inflation.
$100m per annum in FY22 and FY23.
Adjusted cash conversion of 95-100% for FY22.
Approximately $200m.
Cash tax of approximately $130m.
Cash interest of c. $230m (including upfront cost of refinancing).
Disposal completed on 31 January 2022, so 3 months trading which is
c.$25m revenue and Adjusted EBITDA of c.$13m. Net proceeds of
$335m plus reduction in lease obligations of c.$40m.
EBT purchase of 12m shares at estimated cost of approximately
$70m.
MICRO®
FOCUSView entire presentation