Cazoo Results Presentation Deck
2022 Cash flow
(Unaudited)
Total loss for the year
Adjustments¹
Movement in working capital, interest and tax credits received
Net cash used in operating activities
Capital expenditure and disposals of PPE
Business acquisitions, disposals and sale/leasebacks
Net cash used in investing activities
Net proceeds from Convertible Notes
Net proceeds from the Listing
Movement in inventory and subscription financing
Interest paid
Lease payments and other financing activities
Net cash provided by financing activities
Net increase/(decrease) in cash and cash equivalents
Foreign exchange difference
Cash and cash equivalents at the end of the year
Self-funded inventory
YE-22 YE-21
£m £m
(704) (544) Includes £186m loss from discontinued operations
329 323
124 (336) Mainly inventory movement
(250)
(556)
(43) (44)
(32) (191)
(76) (235)
460
(33)
(19)
(28)
380
54
11
258
~75
Comments in relation to 2022 results
(50)
(1)
193
ΝΑ
Includes PPE and technology development
brumbrum acquisition in 2022
626
138 Offsets with inventory movement
(4)
Convertible Notes issued in February 2022
(19) Growth in leasehold properties and transporters
741
Issuance of $630m of Convertible Notes
Includes proceeds from warrants from Drover acquisition and exercise of share options
1 Adjustments include depreciation of property, plant and equipment and right-of-use assets; amortization and impairment of intangible assets; finance income; finance expense; share-based payment expense; IFRS 2 expense on the business combination with Ajax; fair value
movement in the Convertible Notes and embedded derivative, fair value movement in the warrants and foreign exchange movements; tax credit; impairment loss on remeasurement of the disposal group; loss on disposal of property, plant and equipment; loss on sale of
discontinued operations; loss on sale and leaseback transactions; and movement in provisions.
CAZOO
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