Fertiglobe Financial Overview
Reconciliation of EBITDA to Free Cash Flow and Change in Net Debt
Reconciliation of EBITDA to Free Cash Flow and Change in Net Debt
$ million
EBITDA
Working capital
Maintenance capital expenditure
Tax paid
Net interest paid
Q3 2022
Q3 2021
9M 2022
9M 2021
609.3
377.1
1,998.9
910.4
(50.2)
(119.0)
(36.6)
(123.7)
(18.4)
(16.0)
(38.2)
(28.9)
(35.9)
(28.8)
(169.6)
(63.9)
(16.8)
(7.9)
(39.8)
(26.6)
Lease payments
(3.7)
(4.1)
(10.7)
(9.8)
Dividends paid to non-controlling interests and withholding tax
(368.3)
(182.8)
(435.6)
(193.4)
Ecremage
73.3
37.6
230.4
70.9
189.3
56.1
Free Cash Flow
1,498.8
535.0
Reconciliation to change in net debt:
Growth capital expenditure
Acquisition of NCI EBIC (15% share)
Other non-operating items
Net effect of movement in exchange rates on net debt
Debt redemption cost
Dividend to shareholders
Advanced dividend to shareholders
Other non-cash items
Net Cash Flow / Decrease in Net Debt
Fertiglobe
An ADNOC and OCI Company
(5.1)
(4.5)
(9.3)
(5.2)
(43.0)
(43.0)
(3.9)
(6.8)
(16.6)
18.7
1.3
(6.5)
1.0
(0.9)
(0.8)
(130.0)
(340.0)
(185.0)
(93.6)
(93.6)
(0.3)
(5.9)
198.7
(214.6)
1,130.3
191.8
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