APMM FY & Q4 2023 Financial Results
Financial highlights FY2023
Net interest-bearing debt bridge - FY 2022 to FY 2023
Development in net interest-bearing debt (NIBD) FY 2023, USD bn
0
-2
-4
-6
-8
-10
-12
-12.6
14.1
-14
-16
9.6
-18
-20
1.2
3.6
-22
0.4
0.4
0.9
-24
NIBD 2022A
EBITDA
Change in
working
Financial
payments
Sale proceeds Gross capex Acquisitions,
and dividends
capital
& Tax paid
received
1)
2)
3)
New
Capitalised
leases (BS
Impact)
Other (2)
NIBD 2023A
Defined as cash and securities, term deposits, and undrawn committed facilities longer than 12 months less restricted cash and securities.
Includes but not limited to: Sale/purchase of securities, Currency translation of debt balances, intercompany transactions involving debt as well as hedges on debt.
Based on dividends and purchase of treasury shares.
net
Dividends
and share
buy-backs (3)
2.0
0.1
2.0
-4.7
11.6
3.2
10.4
Total Net New Lease
Total
Capitalised capitalised repayments Capitalised
Leases (BS leases
Leases (BS
Impact)
2023A
Impact)
2022A
Liquidity reserve¹ decreased to
USD 24.4bn by end Q4 2023.
Investment grade credit rating
of BBB+ (stable) from S&P and
Baa2 (positive) from Moody's.
Net interest-bearing debt
decreased to a net cash position
of USD 4.7bn (USD 12.6bn at
year-end 2022), of which USD
10.4bn is capitalised leases.
Net cash position end of 2023
was USD 15.1bn (excl.
capitalised leases).
33
APMM FY2023 Financial Results
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