Computershare Limited · ASX:CPU

Computershare — FY2024 Earnings Presentation

58 slides from Computershare's earnings presentation, Aug 13, 2024

  1. Slide 1: FY24 Full Year Results Presentation

    FY24 FULL YEAR RESULTS PRESENTATION 13 August 2024 Stuart Irving, Chief Executive Officer and President Nick Oldfield, Chief Financial Officer 1

  2. Slide 2: Strong Results. Reduced Complexity. Increased Returns.

    Strong Results. Reduced Complexity. Increased Returns. FY24 Management EPS up 8.9%, slightly ahead of guidance Growth in core fees, event and transaction revenues and margin income Delivered on strategy to build a simpler Computershare with higher returns Strengthening balance sheet supports growth,

  3. Slide 3: Strong FY24 Results

    Strong FY24 Results Management EPS +8.9% vs. pcp Management Revenue Management EPS1 Margin Income (MI) $3.3bn 117.6 cps $832.1m Up 2.1% Up 8.9% Up 7.3% Return on Invested Management EBIT ex. MI Final dividend per share (AUD) Capital (ROIC)2 30.2% $310.9m 42 cps3 Up 753bps Up 20.9% Up 5.0%3 Notes: Al

  4. Slide 4: Increased returns - FY24 Proforma (ex US MS) results vs. Group

    Increased returns - FY24 Proforma (ex US MS) results vs. Group Strategy delivered. Reduced complexity. Management Revenue Management EPS1 Margin Income (MI) $3.0bn 117.8 cps $776.2m 10.1% lower 0.1% higher 6.7% lower Return on Invested Management EBIT ex. MI Free cash flow Capital (ROIC) 35.3% $349.

  5. Slide 5: Complexity reduced - Computershare's integrated business model

    Complexity reduced - Computershare’s integrated business model Growth across all revenue lines Proforma Revenue and EBIT Margin % Group Revenue and EBIT Margin % +2.1% +8.6% vs. PCP vs. PCP 3500 40.0% 3500 3,216 3,284 40.0% 2,952 35.0% 35.0% 3000 2,717 3000 +2.4% 2,597 +0.5% 30.0% 30.0% 2500 2500 1,

  6. Slide 6: Core businesses performance

    Core businesses performance Issuer Services and Employee Share Plans performing strongly, market recovery underway in Corporate Trust USD M Revenue EBIT EBIT ex MI FY23 FY24 CC FY23 FY24 CC FY23 FY24 CC Variance Variance Variance Issuer 1,090.4 1,209.7 +10.9% 382.7 448.6 +17.3% 184.3 198.2 +7.5% Ser

  7. Slide 7: Navigating the interest rate cycle

    Navigating the interest rate cycle Hedge book increasing, $1.5bn of Margin Income locked in irrespective of interest rate movements Total Average Client Balances ($bn) Total Hedged Margin Income ($m) 70% $1.5bn of MI locked in over next 10 years. 73% of total 86.6 hedged margin income ($1.1bn) to be

  8. Slide 8: Margin Income, yields and average client balances

    Margin Income, yields and average client balances FY25 MI guidance around $745m, assumes lower interest rates FY24A Avg FY25E Avg FY24A Avg FY25E MI FY25E Avg Client FY24A MI Client Balances ($m) Weighted Balances Outlook Weighted Yield Yield Yield Yield Yield Yield (%) ($m) (%) 3.0% ($bn) ($bn) 2.8

  9. Slide 9: Positive FY25 Outlook

    Positive FY25 Outlook Guidance - Management EPS around 126cps, +7.5% vs pcp Guidance FY25 guidance bridge ~ In constant currency, for FY25 we expect: › Management EPS to be up 7.5%, to around 126 cps1 › EBIT ex Margin Income to be up around 15% › Margin Income revenue to be around $745m with average

  10. Slide 10: FY24 Management results summary

    FY24 Management results summary 21% growth in EBIT ex MI and higher MI drive margin expansion, +270 bps FY24 Actual FY23 Actual Variance FY24 Actual (at CC) Total revenue ex Margin Income $2,452.1 $2,440.5 +0.5% $2,472.9 Margin Income $832.1 $775.4 +7.3% $836.6 Total revenue $3,284.2 $3,215.9 +2.1%

  11. Slide 11: FY24 Management EPS bridge

    FY24 Management EPS bridge Revenue growth exceeds higher costs, EPS up 8.9% 5.0 9.7 4.7 1.0 117.6 116.6 USD cps 8.8 1.3 1.1 108.0 FY23 FY23 1 Core fee Event and Margin Income* Cost growth* Interest expense FY24 Share FY24 Management EPS KCC EPS revenue* Transactional* and tax* Management EPS Buyback

  12. Slide 12: FY24 costs analysis

    FY24 costs analysis Proforma costs elevated due to inflation and projects, up 8.1% excluding US Mortgage Services Proforma Opex +8.1% 2,000 83.1 1,999.9 2,003.8 339.8 301.4 Proforma BAU Opex +5.6% 1,500 32.1 245.5 302.9 28.7 USD M 102.7 1,386.4 1,418.5 1,312.4 Investments and Other: 1,000 • Investme

  13. Slide 13: Cash flow and debt leverage

    Cash flow and debt leverage Strengthening balance sheet supports growth, investment and shareholder returns Approximately $2.6bn of FY24 Cash Flow Bridge Balance Sheet capacity capacity at the end FY24 1.40 3,000 Free cash flow $612.3m 1.20 2,500 731.1 Net Debt / EBITDA (x) 640.1 1.00 577.8 2,000 0.

  14. Slide 14: Strong Results. Reduced Complexity. Increased Returns.

    Strong Results. Reduced Complexity. Increased Returns. FY25 Positive Outlook. Simpler Computershare well placed to deliver growth Focus on high quality, resilient core businesses - momentum in Issuer Services and Employee Share Plans and market recovery in Corporate Trust Hedging strategy offers pro

  15. Slide 15: Appendices

    Appendices 1. Constant currency analysis • Management results • Revenue, Margin Income, EBITDA and EBIT by Business Segment • Proforma Income Statement (ex US Mortgage Services and KCC) • EPS bridge • Issuer Services result highlights • Global Corporate Trust result highlights • Employee Share Plans

  16. Slide 16: Segment changes

    Segment changes From 1 July 2023, the following changes were made to the operating segments, which reflect the manner in which the Group is internally-managed and the financial information is reported to the chief operating decision-maker: • The legacy ‘Corporate Trust’ business has been consolidate

  17. Slide 17: FY24 Management results – constant currency and actual rates

    FY24 Management results – constant currency and actual rates USD M At CC At Actual fx Total Revenue ex MI 2,452.1 2,472.9 Margin Income 832.1 836.6 Total Management Revenue 3,284.2 3,309.5 Operating expenditure 2,003.8 2,022.7 Revenue Margin Income At CC At Actual fx At CC At Actual fx Share of net

  18. Slide 18: Revenue, Margin Income, EBITDA and EBIT – constant currency

    Revenue, Margin Income, EBITDA and EBIT – constant currency Revenue FY23 FY24 FY24 vs 23 Issuer Services 1,090.4 1,209.7 10.9% Global Corporate Trust 957.9 938.6 -2.0% Employee Share Plans & Voucher Services 351.7 440.9 25.4% Mortgage Services & Property Rental Services 548.8 490.6 -10.6% Communicat

  19. Slide 19: Proforma Income Statement (ex US Mortgage Services and KCC)

    Proforma Income Statement (ex US Mortgage Services and KCC) Revenue ex MI (USD M) 2,176 2,018 FY24 Actual FY23 Actual Variance FY24 Actual 1,902 (at FY23 CC) 1,645 1,535 Total revenue ex Margin Income $2,176.1 $2,019.3 +7.8% $2,196.9 Margin Income $776.2 $698.0 +11.2% $780.7 +9.1% CAGR Total revenue

  20. Slide 20: 1H24 to 2H24 Management EPS bridge

    1H24 to 2H24 Management EPS bridge Second half earnings growth, +14.7% vs. 1H 3.2 5.5 3.9 1.0 0.8 62.85 1.5 1.0 61.86 ~ 5.4 USD cps 54.78 1H24 Seasonality Core fee revenue Event and Margin Income Impact of Cost out benefits Interest expense 2H24 Share 2H24 Management EPS Transactional Inflation inc.

  21. Slide 21: Issuer Services

    Issuer Services Growth across all segments Revenue breakdown FY24 CC FY23 Actual CC Variance Management EBIT Register Maintenance $672.8 $661.5 +1.7% Corporate Actions $106.4 $86.2 +23.4% $448.6m Up 17.3% Stakeholder Relationship Management Governance Services $71.3 $108.8 $53.0 $91.3 +34.5% +19.2%

  22. Slide 22: Global Corporate Trust

    Global Corporate Trust Low debt issuance impacts results, recovery underway Revenue breakdown FY24 CC FY23 Actual CC Variance Management EBIT Trust Fee and other revenue $468.4 $484.9 -3.4% $166.2m $481.4m Up 42.4% Down 7.8% MMF Fee Revenue $49.2 $44.6 +10.3% Margin Income $420.9 $428.3 -1.7% Margin

  23. Slide 23: Employee Share Plans

    Employee Share Plans Higher transaction volumes and growth in core fees Revenue breakdown FY24 CC FY23 Actual CC Variance Management EBIT Fee $160.9 $147.3 9.2% Transactional $211.1 $155.5 35.7% $166.2m $170.3m Up75.2% Up 42.4% Other $17.5 $14.9 17.5% Margin Margin Income $50.8 $28.9 75.8% Margin To

  24. Slide 24: Actual FX Rate Analysis

    ACTUAL FX RATE ANALYSIS 24

  25. Slide 25: Key Financial Indicators

    Key Financial Indicators 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 Total Management Revenue 1,124.3 1,156.9 1,102.5 1,220.3 1,171.5 1,425.8 1,510.6 1,705.3 1,611.7 1,697.8 Operating expenditure 787.8 847.3 825.1 869.9 857.4 1,020.3 970.5 1,029.4 990.1 1,032.6 Management EBITDA 336.6 309.7 27

  26. Slide 26: Computershare Profit & Loss

    Computershare Profit & Loss At Actual fx rates CPU including CCT CPU including CCT CPU including CCT USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Total Revenue ex MI 1,109.4 1,300.9 1,166.5 1,274.0 1,180.9 1,292.0 2,410.3 2,440.5 2,472.9 Margin Income 62.1 125.0 344.1 431.3 4

  27. Slide 27: Statutory results

    Statutory results USD M (at actual rates) Statutory results FY23 FY24 FY24 v 23 › Management results are used, along with other measures, to assess Total revenue 3,200.8 3,297.8 3.0% operating business performance. The Company believes that exclusion Other income 21.7 12.6 -41.9% of certain items pe

  28. Slide 28: Management adjustment items

    Management adjustment items USD M (at actual rates) 1H22 FY22 1H23 FY23 1H24 FY24 Management adjustments items (net of tax) Amortisation 20.4 63.4 35.1 70.7 34.5 70.5 Amortisation of acquisition related intangible assets 20.4 63.4 35.1 70.7 34.5 70.5 $166.2m Acquisitions and Disposals Up 42.4% 20.4

  29. Slide 29: Issuer Services Profit & Loss

    Issuer Services Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Register Maintenance 322.1 352.9 306.7 354.7 308.2 365.4 675.0 661.5 673.6 Corporate Actions 55.4 55.7 43.7 42.5 52.6 53.3 111.0 86.2 105.9 Issuer Services comprise register maintenance, Stakeholder Re

  30. Slide 30: Global Corporate Trust

    Global Corporate Trust USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Total Revenue ex MI 97.0 236.8 251.5 278.0 252.1 264.3 333.8 529.5 516.4 Margin Income 15.9 61.8 198.6 229.7 205.0 215.0 77.7 428.3 419.9 Canada Total Management Revenue 112.9 298.6 450.2 507.7 457.1 479.2 41

  31. Slide 31: Employee Share Plans & Voucher Services Profit & Loss

    Employee Share Plans & Voucher Services Profit & Loss Canada 4% USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 ANZ Employee Share Plans 156.6 167.3 136.3 181.4 171.2 233.3 323.9 317.7 404.5 CEU 4% Asia 0.2% USA 10% Vouchers 5.6 6.4 3.1 1.8 -0.6 1.0 12.0 5.0 0.4 14% Margin Incom

  32. Slide 32: Mortgage Services & Property Rental Services Profit & Loss

    Mortgage Services & Property Rental Services Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Total Revenue ex MI 271.3 267.5 226.3 227.6 219.6 167.3 538.8 453.9 386.9 Margin Income 23.1 25.3 39.9 55.0 63.9 48.9 48.4 94.9 112.8 UCIA Total Management Revenue 294.4 29

  33. Slide 33: Communication Services & Utilities Profit & Loss

    Communication Services & Utilities Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Canada Communication Services 80.1 91.9 77.2 81.7 83.8 92.1 172.0 158.9 175.8 6% Utilities 4.3 4.2 3.6 4.3 4.4 4.8 8.5 8.0 9.2 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ANZ F

  34. Slide 34: Business Services Profit & Loss

    Business Services Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Bankruptcy 16.3 10.5 10.0 10.9 0.0 0.0 26.8 21.0 0.0 Class Actions 28.9 29.6 32.4 16.8 0.0 0.0 58.5 49.2 0.0 Karvy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Revenue ex MI 45.2 40.1 42.4 27.8 0.0 0.0

  35. Slide 35: Technology Services & Operations Profit & Loss

    Technology Services & Operations Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Canada Asia Total Revenue ex MI 4.6 0.2 1.3 3.9 9.5 9.3 4.8 5.3 18.7 4.3% ANZ 0.1% 10.1% Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 4.6 0.2 1.3 3.9 9.5

  36. Slide 36: Employee Share Plans Profit & Loss

    Employee Share Plans Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Fee revenue 75.0 76.5 71.4 75.9 79.0 87.2 151.5 147.3 166.2 Transactional revenue 74.6 84.9 59.3 96.2 84.3 135.8 159.5 155.5 220.0 Other revenue 7.0 5.9 5.6 9.3 8.0 10.3 12.9 14.9 18.3 $166.2m Mar

  37. Slide 37: Computershare Corporate Trust

    Computershare Corporate Trust USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Total Revenue ex MI 69.3 211.2 226.0 249.5 225.7 233.7 280.4 475.5 459.4 Margin Income 7.5 48.0 163.4 208.9 180.9 191.8 55.5 372.4 372.6 Total Management Revenue 76.7 259.2 389.4 458.5 406.5 425.4 336.

  38. Slide 38: UK Mortgage Services Profit & Loss

    UK Mortgage Services Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Fee revenue 58.2 57.2 49.8 52.5 52.6 57.6 115.4 102.3 110.2 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 58.2 57.2 49.8 52.5 52.6 57.6 115.4 102.3 110.2 Operating exp

  39. Slide 39: US Mortgage Services Profit & Loss

    US Mortgage Services Profit & Loss USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Base Servicing Fees 94.1 89.0 91.5 98.4 98.1 63.8 183.2 189.9 161.9 Servicing related fees 26.4 31.5 23.5 24.2 23.4 21.4 57.9 47.6 44.9 Other service fees 92.3 89.5 61.2 52.5 45.0 24.1 181.8 113.4

  40. Slide 40: US Mortgage Services - UPB and number of loans

    US Mortgage Services - UPB and number of loans FY23 FY24* FY24 v FY23 Non- Non- Non- UPB and number of loans Performing Total Performing Total Performing Total performing performing performing UPB $bn 29.3 5.9 35.1 34.0 4.9 38.9 16.2% -16.5% 10.7% Fully owned MSR's Number of loans (k) 133.1 47.8 181

  41. Slide 41: US Mortgage Services - Invested Capital

    US Mortgage Services - Invested Capital USD M (at actual rates) 1H22 FY22 1H23 FY23 1H24 7 FY24 7 Dec Jun Dec Jun Dec Apr 1 Net Loan Servicing Advances 136.3 106.4 161.6 131.8 160.6 130.2 Net MSR intangible asset2 470.3 496.9 545.3 468.8 491.0 481.5 Investment in SPVs 3 32.1 26.3 22.6 21.9 20.2 22.0

  42. Slide 42: Revenue definitions

    Revenue definitions Classification USD M FY19 FY20 FY21 FY22 FY23 FY24 FY24 @ CC Issuer Services Core Fees Register Maintenance - Issuer Paid 463 441 478 469 460 446 445 Transactional Fees Register Maintenance - Holder/Broker Paid 194 184 186 206 201 228 227 Event Fees Corporate Actions 94 99 136 11

  43. Slide 43: FY24 Revenue by Country

    FY24 Revenue by Country (USD and Local Currency) USD M (at actual rates) Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other Total Register Maintenance 83.6 52.3 75.2 10.5 11.7 25.8 440.0 66.2 47.0 812.2 Corporate Actions 18.4 10.4 15.8 0.0 3.1 0.0 121.9 44.6 3.4 217.

  44. Slide 44: Revenue, EBITDA and EBIT by Region

    Revenue, EBITDA and EBIT by Region Revenue 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 ANZ 116.9 103.2 109.9 96.1 107.1 98.0 220.1 206.0 205.1 Asia 61.2 55.7 57.9 61.0 57.3 57.0 116.9 118.9 114.4 UCIA 234.8 256.8 218.1 287.6 281.3 357.2 491.6 505.7 638.5 CEU USA $166.2m 37.5 58.1 Up 42.4% 630.6 849

  45. Slide 45: Revenue excluding acquisitions and disposals

    Revenue excluding acquisitions and disposals USD M (at actual rates) 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Management Revenue 1,171.5 1,425.8 1,510.6 1,705.3 1,611.7 1,697.8 2,597.4 3,215.9 3,309.5 Less acquisitions* 84.2 307.2 324.8 0.0 0.0 0.0 391.5 324.8 0.0 Less disposals* 2.2 18.3 70.7 1

  46. Slide 46: Cost out programs (now inclusive of CCT synergies)

    Cost out programs (now inclusive of CCT synergies) $45.4m cost out benefit achieved in FY24 $M Benefit realisation (cumulative) Total cost FY24 Total change vs. last Activity savings FY23A FY24A change vs. last FY25E FY26E disclosure1 $166.2m estimates Up 42.4% disclosure1 Stage 1 Total 25 - 30 28.1

  47. Slide 47: Other expenditure

    Other expenditure USD M (at actual rates) Operating costs 1H22 2H22 1H23 2H23 1H24 2H24 FY22 FY23 FY24 Cost of Sales 191.3 207.6 183.6 187.2 182.0 202.4 398.9 370.8 384.3 Personnel 553.8 674.2 652.9 678.3 653.2 671.5 1,228.1 1,331.1 1,324.6 Occupancy 13.9 15.8 15.9 18.3 19.7 17.8 29.7 34.2 37.5 Othe

  48. Slide 48: Key sensitivities on FY25 Margin Income

    Key sensitivities on FY25 Margin Income $1bn change in exposed non-hedged balances translates to around $43.5m PBT Earnings Sensitivity – Average Balances Earnings Sensitivity – Interest Rates -$1bn Balances FY25 Guidance +$1bn Balances -25 bps FY25 Guidance +25 bps 701.5 745.0 788.5 726.5 745.0 763

  49. Slide 49: FY24 Client Cash

    FY24 Client Cash Margin Income rises to $836.6 ($831.6m in constant currency) 45 500 40 431.3 430.8 405.8 400 35 344.1 30 300 Total Group 25 USD million USD billion 1H24 2H24 FY24 20 Margin Income $m 430.8 405.8 836.6 200 Avg balances - Total $bn 28.8 29.5 29.2 15 Total MI yield % 2.99% 2.75% 2.87%

  50. Slide 50: Breakdown of average client balances

    Breakdown of average client balances Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total 1H24 Actual 2H24 Actual FY24 Actual FY23 Actual Total Balances ($bn) 14.7 14.1 28.8 14.4 15.2 29.5 14.5 14.6 29.2 17.3 16.7 34.0 Exposed Balances 9.7 8.8 18.5 8.8 9.5 18.3 9.2 9.2 18.4 11.7 10.8

  51. Slide 51: Breakdown of Margin Income

    Breakdown of Margin Income Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total At actual rates 1H24 Actual 2H24 Actual FY24 Actual FY23 Actual Total Margin Income 249.9 180.9 430.8 214.0 191.8 405.8 463.9 372.7 836.6 403.1 372.3 775.4 Exposed 188.5 178.8 367.3 157.1 188.6 345.7 345.7

  52. Slide 52: Exposed and non-exposed average balances by business

    Exposed and non-exposed average balances by business FY22 Balances Margin FY23 Balances Margin FY24 Balances Margin (USDbn) Income (USDbn) Income (USDbn) Income (USDm) (USDm) (USDm) Exp Non-Exp Exp Non-Exp Exp Non-Exp Register Maintenance 3.2 0.3 22.2 3.3 0.4 105.6 3.4 0.3 138.7 Corporate Actions 3.

  53. Slide 53: Profile of our existing swap and fixed rate deposit book and floating rate deposits

    Profile of our existing swap and fixed rate deposit book and floating rate deposits 1H25 2H25 1H26 2H26 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 1H32 2H32 1H33 2H33 1H34 Exposed: Hedged balances ($bn) By Profile 9.4 9.1 8.7 7.7 6.9 6.5 6.0 5.9 5.7 5.3 4.9 4.7 4.1 3.4 3.0 2.9 1.6 1.4 0.7 Fix

  54. Slide 54: Debt Facilities Maturity Profile and Composition

    Debt Facilities Maturity Profile and Composition – 30 June 2024 Maturity Profile Composition of drawn debt facilities • Diverse sources of debt now in the portfolio with public and private Undrawn Bank bonds combined with Bank facilities Facilities: $609.6m • Average debt facility maturity is 3.8 24

  55. Slide 55: Balance Sheet

    Balance Sheet At actual rates 1H22 FY22 1H23 FY23 1H24 FY24 Dec Jun Dec Jun Dec Jun Current Assets USD M 1,946.7 2,007.9 2,081.0 2,173.4 2,955.7 1,987.2 $166.2m Non Current Assets Total Assets Up 42.4% USD M USD M 4,149.5 6,096.2 4,050.4 6,058.3 4,131.3 6,212.4 3,972.9 6,146.4 3,225.8 6,181.5 3,131.

  56. Slide 56: Cash flow summary

    Cash flow summary USD M (at actual rates) 1H22 FY22 1H23 FY23 1H24 FY24 Net operating receipts and payments 277.7 592.8 377.4 914.2 543.2 1,020.9 Net interest and dividends -38.8 -78.2 -49.1 -109.5 -65.2 -113.6 Income taxes paid -35.6 -76.2 -80.8 -181.0 -108.1 -176.2 $166.2m Net operating cash flows

  57. Slide 57: Exchange Rates

    Exchange Rates Currency 1H22 FY22 1H23 FY23 1H24 FY24 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 AUD 1.3622 1.3755 1.4895 1.4872 1.5309 1.5250 HKD 7.7805 7.8003 7.8423 7.8386 7.8190 7.8190 NZD 1.4326 1.4653 1.6506 1.6270 1.6539 1.6481 INR 74.3249 75.0340 80.6575 81.4939 82.9649 83.0972 CAD 1.2549

  58. Slide 58: Important notice

    Important notice Summary information • This announcement contains summary information about Computershare and its activities current as at the date of this announcement. • This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product or

Computershare — FY2024 Earnings Presentation on 6ix