Investor Presentation
CASH FLOW STATEMENT
$'000
2020
2021
1H 2021
1H 2022
Operating activities
Net income
64,093
30,627
79,451
Amortisation & Depreciation
6,978
9,338
4,780
(16,610)
10,873
Share based payments
2,747
55,150
13,638
11,477
Gain on sale of Publishing Rights & IP
(115,576)
(114,976)
Working capital movement
(1,030)
140
3,356
468
Other operating activity and FX movement
(533)
2,891
Net cashflow from operating activities
72,255
(17,430)
(50)
(13,801)
1,409
7,617
Investing activities
Investment in software development intangibles
(22,175)
(31,734)
(31,761)
(15,631)
Sale of Publishing Rights & Intellectual Property
127,500
126,900
Acquisitions (net of cash acquired)
(3,278)
(34,083)
(25,797)
Other
65
Net cashflow from investing activities
(25,387)
61,683
(99)
87,243
(5)
(15,636)
Financing activities
Net change in Borrowings/Others
240
(68)
33
Share capital issuance including option exercise
(6,000)
49,362
634
(510)
(1,527)
Repayment of Shareholder Loan
(20,837)
(20,837)
Dividend
(10,000)
(30,000)
(30,000)
•
Net cashflow from financing activities
(15,761)
(1,543)
(50,170)
(2,037)
Net cashflow
Closing cash
Devolver Digital
31,107
42,710
23,272
(12,063)
43,529
86,239
66,801
74,176
Investor Presentation
Cash from operating activities is primarily
driven by the trading of the business in
addition to the changes in working capital.
Investing activities includes the purchase
of intellectual property and the
acquisitions made in 2020 and 2021.
In 1H 2022 investment was entirely into
software development.
Share based payments in 1H amounted to
US$1.5 million from the vesting, and
exercise, of options granted under the
2017 Stock Option Plan.
Financing cash outflow was principally the
net outpayment for settlement of options
through the Employee Benefit Trust.
Cash at 30 June 2022 amounted to $74.2
million.
D
14View entire presentation