Team Internet Business Overview
Robust cash conversion
Cash generation from operations
= 96%
of Adjusted EBITDA
We expect this to continue to normalise nearer
to 100%
96%
110%
Cash conversion
(%)
FY
FY
Adjusted Cashflow Bridge:
2023
2022
Cashflow from operations
81.0
86.0
96.4
92.6
86.0
95.0
Exceptional costs
6.1
7.8
Settlement of working capital items
5.5
1.2
Adj. cashflow from operations
92.6
95.0
Adjusted EBITDA¹
96.4
86.0
Adjusted Cash Conversion %
96%
110%
Income tax paid
(5.6)
(8.4)
Purchase of PPE
(1.9)
(1.3)
2023
2022
Adj. EBITDA ($, m)
Cash generation
Purchase of intangible assets
(8.3)
(5.2)
Payment of lease liability
(2.3)
(2.2)
Interest paid
(12.1)
(7.8)
Adj. free cashflow
62.4
70.1
Notes:
(1) Adjusted Cash Conversion is defined as Adjusted Cashflow from Operations divided by Adj. EBITDA
17
Adjusted Free Cash Conversion %
65%
82%View entire presentation