Investor Presentaiton
Webjet Limited
Focus on
strengthening
the Balance
Sheet
as recovery
accelerates.
1)
Includes $39.3m of restricted cash
2)
Excludes restricted cash
3)
Mar-22 has been restated for the deferred tax liability
impact related to the equity component of the convertible
note. Refer to note 4.8 in the financial statements for more
information.
FY23 - Balance Sheet.
A$m
Mar-23
Sep-22
Mar-22
(3)
Cash & cash equivalents (1)
513.9
503.9
433.7
Trade receivables & Other assets
205.0
236.4
120.3
Non-current assets
869.3
852.0
851.8
Total Assets
1,588.2
1,592.3
1,405.8
•
Trade & Other payables
433.7
482.3
276.8
Other current liabilities
67.2
70.9
58.5
Borrowings
235.5
228.4
308.2
Other non-current liabilities
17.6
19.5
23.9
Cash and Equivalents
•
Cash increase during the year driven by material recovery
in trading profit and working capital benefits whilst also
paying down $86 million of term debt
Trade Receivables and Other Assets
Continued strong recovery in B2B TTV driving increase in
trade receivables. These are managed in-line with enhanced
credit policy with debtor days materially lower than
pandemic (down 30%)
Trade and Other Payables
Increase in line with B2B TTV growth. Payment terms
consistent with pre-pandemic.
Total Liabilities
Total Equity
834.2
791.2
738.4
754.0
801.1
667.4
•
Trade payables $366.3 million with $67.4 million accrued
expenses and other payables
Net debt (2)
(239.1)
(247.8)
(101.3)
•
Current ratio
1.4
1.3
1.7
Other Current Liabilities
Increase driven primarily from growth in B2B Merchant of
Record activity.
Borrowings
•
Reflects repayment of $86 million term debt (since converted
to revolving credit facility (RCF) that remains undrawn). RCF
•
commitment has been extended from Nov-23 to Apr-24.
Remaining borrowings represent the convertible note.
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