Investor Presentaiton
Webjet Limited
ERP
transformation
complete.
Non-operating
expenses to be
nil in FY24.
FY23 - Summary of non-operating expenses.
A$m
Non-cash items
Impairment of Online Republic brand
Fair value loss on embedded derivatives (i.e. Convertible Note)
Reduction in future liability to purchase remaining portion of Umrah Holidays International
Total non-cash items
Cash items
Restructure costs
Government wage subsidies received
ERP system implementation costs
Total cash items
Total non-operating expenses included in Statutory EBITDA
ERP system implementations are now complete
•
•
FY23
FY22
14.0
0.2
(4.9)
9.3
2.5
(2.4)
12.2
8.8
12.2
8.9
12.2
18.2
WebBeds - Phase 1 went live early 2022 and Phase 2 in early 2023. ERP rollout is key to delivering further cost efficiencies as booking
volumes recover and exceed pre-pandemic levels.
B2C - ERP/mid office replacement to provide scalable booking platforms. Webjet OTA went live in June 2022 and GoSee in late 2022.
Corporate-group financial reporting system replacement completed in 2023.
All systems have now been replaced. FY24 focus will be on leveraging the investment to produce scalable benefits.
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