FY23 Results Presentation slide image

FY23 Results Presentation

Reconciliation of underlying to statutory EBITDA and NPATA A$m Australia and New Zealand Rest of World FY23 FY22 Ref A$m 85.1 97.5 Underlying EBITDA 49.6 57.2 A. Acquisitions, IPO and integrations North America Underlying NPATA 43.5 11.6 B. Extinguish pre-IPO MEP Plan 178.2 166.3 C. Foreign exchange impact 3.9 D. Employee IPO Gift Australia and New Zealand (16.0) (86.0) Total EBITDA Adjustments FY23 FY22 365.0 308.0 (25.6) (36.3) (10.5) (9.7) (5.1) (21.7) (61.6) Rest of World (0.1) 12.4 Statutory EBITDA 343.3 246.4 North America (3.6) (0.3) Underlying Adjustments (19.7) (73.9) Underlying NPATA 178.2 166.3 Acquisitions, IPO and integrations (25.6) (36.3) E. Australia and New Zealand 69.1 11.5 Extinguish pre-IPO MEP Plan (10.5) Rest of World 49.5 69.6 Foreign exchange impact 3.9 (9.7) North America 39.9 11.3 Employee IPO Gift Statutory NPATA 158.5 92.4 E. Debt refinance F. Capital structure (5.1) (2.6) (24.7) (31.7) G. Tax expense adjustment H. Tax effect adjustments (1.6) 22.6 6.2 21.4 Total NPATA Adjustments Statutory NPATA APM enabling better lives FY23 Results Presentation | August 2023 (19.7) (74.0) 158.5 92.3 Adjustments A. Acquisitions, IPO and integrations – integration, external advisory fees and IPO costs B. Extinguish pre-IPO MEP - As a result of the Offer, the Management Equity Plan was fully vested and expense in the income statement C. Foreign exchange impact – FX impact on fluctuations on USD denominated debt and intercompany loans D. Employee IPO Gift - on IPO, APM offered a gift of shares to qualifying employees Debt refinance - expense associated with APM's refinance of the first and second lien term loan facility to an all first lien facility in July 2021 and July 2022 F. Capital structure - proceeds from the IPO were used to pay down debt and subsequently reduce the interest expense. This adjustment assumes the go forward capital structure was in place for the entire period reported (including shareholder interest from the redeemable preference shares) G. Tax expense adjustment - FY23 deferred tax impact of losses brought on balance sheet in the UK H. Tax effect adjustments - recognize the tax effect of the abovementioned adjustments (note: shareholder interest expense is non-deductible for Australian tax purposes). 25
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