Investor Presentaiton
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Results Summary
Profit before tax normalised for currency and one-off items of $18.8m for the 6 months ended December 2022 ("Current period"), improvement of 88% compared to pandemic-
impacted 6 months ended 31 December 2021 ("pcp") with government restrictions in place in LATAM and Australia during that period.
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Delivered similar results for the 6 months ended 30 June 2022 ("prior half") despite continued rising costs pressures in the current period.
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North America segment contributed 48% of total revenue, similar to prior half.
Net cash position of $36.5m, compared to the net cash position of $32.2m at 31 December 2021, and net cash position of $50.3m at 30 June 2022. Reduction in net cash
balance compared to 30 June 2022, resulted from further investments in working capital (inventories in particular) to navigate global supply chain challenges.
Dividend continues to be suspended to provide strong liquidity to allow the Company to continue to invest in R&D to deliver competitive products and to navigate the
uncertainties in global supply chain shortages and continuing inflationary cost pressures.
In millions of AUD
6 months
ended
31 Dec 2022
(Current
period)
6 months
ended
31 Dec 2021
(PCP)
6 months
ended
30 Jun 2022
(Prior half)
12 months
ended
Current period Current period
vs PCP
30 Jun 2022
vs Prior half
Revenue
124.1
100.7
119.5
220.2
23.4
4.6
Underlying EBITDA
26.4
20.7
29.4
50.1
5.7
(3.0)
Provision for Mexican duties and other charges
5.5
16.5
16.5
5.5
(11.0)
Impairment losses - LATAM and Australia and
3.9
5.2
5.2
3.9
(1.3)
Other CGU
Profit before tax excluding currency and one-off
items
18.8
10.0
18.8
28.8
8.8
Reported Profit after tax
5.9
9.1
2.7
11.8
(3.2)
3.2
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