Investor Presentaiton
EML Payments H1 FY2022 Financial Results
Financial Position
($'000s)
30 June 31 December
2021
2021
CARDHOLDER
GROWTH ASSETS/ LIABILITIES
Cash and cash equivalents
141,228
86,175
(39%)
Contract asset
16,363
19,061
16%
Segregated funds and Bond investments.
1,409,552
1,918,573
36%
1,918,353
Other current assets
36,368
55,477
53%
TOTAL CURRENT ASSETS
1,603,511
2,079,286
30%
1,918,353
Contract assets
10,219
10,962
7%
Plant, equipment and right of use assets
11,245
10,015
(11%)
55,477
160,933
10,962
10,015
Intangibles
350,133
471,044
35%
471,044
Deferred tax asset
21,453
22,621
5%
22,621
Segregated funds and Bond investments
274,024
147,777
(46%)
144.665
Other non current assets
18,193
25,105
38%
3,112
24,747
TOTAL NON CURRENT ASSETS
685,267
687,524
0%
144,665
542,859
TOTAL ASSETS
2,288,778
2,766,810
21%
2,063,018
703,792
Trade and other payables
(62,868)
(64,339)
2%
(64,339)
Liabilities to stored value account holders
(1,705,957)
(2,063,018)
21%
(2,063,018)
Contingent consideration
[863]
(15,233)
1665%
(15,233)
Interest bearing borrowings
(1,385)
(1,305)
(6%)
(1,305)
Provisions
(10,801)
(19,669)
82%
(19,669)
Other current liabilities
(10,918)
(12,506)
15%
(12,506)
TOTAL CURRENT LIABILITIES
(1,792,792)
(2,176,070)
21%
(2,063,018)
(113,052)
Deferred tax liabilities
(14,276)
(19,924)
40%
(19,924)
Contingent consideration
(14,280)
(26,119)
83%
(26,119)
Interest bearing borrowings
(36,860)
(84,675)
130%
(84,675)
Other non current liabilities
(15,675)
(17,452)
11%
(17,452)
TOTAL NON CURRENT LIABILITIES
(81,091)
(148,170)
83%
(148,170)
TOTAL LIABILITIES
(1,873,883)
(2,324,240)
24%
(2,063,018)
(261,222)
TOTAL EQUITY
414,895
442,570
7%
442,570
32
CORPORATE
BALANCE SHEET
86,175
19,061
220
Cash on hand of $86.2m. Cash reduced
during the period as EML paid $27.8m
into the UK cardholder float in August
2021. This is expected to expire and
return to cash between 2022 and 2028.
The Sentenial acquisiton was also partly
funded by EML cash reserves of $16.3m.
Trade Receivables balances were higher
in H1 FY2022 as the delayed receipt of two
customer receivable balances totalling
$8.6m which will be collected in H2 FY2022.
Contract asset increased $3.3m in the period
as the G&l segment volumes rebounded
from COVID impacts on prior years.
Segregated funds include low risk bond
investments and cash held at financial
institutions. The reduction in the non-current
asset balance represents the reduction in the
maturity profile of the Group's bond portfolio.
EML continued to invest in internally generated
software (Intangibles) of $4.9m which offset
$5.7m of amortisation in the period.
Contingent consideration increased
during the period following the
acquisition of the Sentenial Group.View entire presentation