Investor Presentaiton
Cash Flow
Costa
well grown
1HCY23 Results
Presentation
A$m
EBITDA-S
HY23
HY22
Var
Key Highlights
150.2
140.1
10.1
Payment for Leases
(37.3)
(43.7)
6.4
EBITDA-S, Less Payment for Leases
112.9
96.4
16.5
Less: share of JV profit
(6.3)
(6.0)
(0.3)
Dividends received from JV's
2.8
3.4
(0.6)
Borrowing Costs (excludes amortised
(8.7)
(5.0)
(3.7)
costs)
Movement in working capital/non-cash
items
(67.7)
(36.2)
(31.5)
Tax (Payment)/Refund
27.2
(11.0)
38.2
Cashflow from operating activities
60.2
41.6
18.6
Operating capex
(33.1)
(28.8)
(4.3)
.
Productivity & growth capex
(3.7)
(24.2)
20.5
Payments for business acquisitions (Incl.
(1.5)
(1.5)
material items)
Other
3.2
4.5
(1.3)
Positive improvement in net debt movement vs pcp despite
working capital build.
Traditional 1H working capital investment given timing of Citrus
season. This was higher than pcp, due to previously flagged
delayed start to citrus harvest.
No major growth CAPEX during the 1H. Further expansion in
China and Citrus 2PH Conaghans land will incur growth CAPEX in
2H.
CY22 tax refund received during 1H.
CY23 full year capex forecast at $110m, below previous guidance of
$125m.
Cashflow from investing activities
(35.1)
(48.5)
13.4
Payment for Dividends
(23.2)
(23.2)
Loans and Advances
1.1
(1.1)
Cashflow from financing activities
(23.2)
(22.1)
(1.1)
Net Debt Movement
1.9
(29.0)
30.9
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