Investor Presentaiton
Millions
Net Profit Bridge – Current period vs PCP
-
35
30
25
25
20
15
10
6.4
9.1
5
2.7
0
3.8
5.2
10.3
4.1
(2.8)
(0.8)
(13.3)
(0.1)
(10.6)
(5.6)
3.2
3.4
7.2
5.9
(1.3)
-5
NPAT pcp
(exc
currency
gains)
NPAT
pcp
Product
sales
License fees Gaming Service
operations revenue
COGS
Other Overheads
income
D&A
Other
expenses
Forex
Net Interest
Tax
NPAT
current
NPAT
current
period
period
(exc
currency
losses)
Revenue increased due to market recovery in Latin America.
$13.3m increase in overheads in line with revenue increase and inflation costs.
$10.6m increase in other expenses relates to additional recognition of provision on SAT audit and increase in provisions for trade receivables and write-down of assets for LATAM and
'Australia and Other' CGUS compared to pcp.
$5.6m unfavourable FX movement predominantly related to a lower gain on foreign exchange due to the strengthening of the US dollar against the AU dollar in the current period compared
to the pcp.
$7.2m currency adjusted profit after tax in the current period (versus $6.4m profit pcp), excludes $1.3m after tax currency losses (versus $2.7m after tax currency gains pcp)(1).
(1) No tax effect on $0.5m currency gains in the current period (pcp: $1.0m currency gains).
Calculation of currency losses / (gains) after tax: current period: -$0.5m + ($2.6m x 0.70) = $1.3m losses, pcp: -$1.0m + (-$2.4m x 0.70) = $2.7m gains. These net currency gains and losses predominantly relate to balance sheet translation
originated from investment in the Americas.
A
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