Computershare Limited · ASX:CPU
Computershare — FY2023 Earnings Presentation
60 slides from Computershare's earnings presentation, Aug 15, 2023
Slide 1: FY23 Full Year Results Presentation
FY23 FULL YEAR RESULTS PRESENTATION 15 August 2023 Stuart Irving, Chief Executive Officer and President Nick Oldfield, Chief Financial Officer 1
Slide 2: FY23 Results
FY23 Results Record results, Management EPS +89% versus pcp Management Revenue Management EPS Margin Income (MI) $3.3bn 109.7 cps $792.1m Up 27.2% Up 89.3% Up 323.4% Return on Invested Management EBIT ex. MI Final dividend per share (AUD) Capital (ROIC) 22.7% $258.4m 40 cps1 Up 1,050bps Down 24.9% U
Slide 3: Computershare's integrated business model
Computershare’s integrated business model Portfolio of recurring core fees, cyclical and transaction based revenues and margin income provides strong earnings growth Vs. PCP Total Revenue and EBIT Margin Financial Performance AUD 3,500 3,304 35.0% 25.0% 180 22.7% 161 160 3,000 30.0% 2,597 20.0% 17.7
Slide 4: FY23 overview
FY23 overview Performing through market uncertainty Higher rates also impacted Higher rates drove record Stronger 2H EBIT ex MI transaction and event levels of MI performance revenues and costs › MI increased to $792m, new › Global IPO market volumes › 2H EBIT ex MI, up 70% compared to high for the
Slide 5: FY23 Management results summary
FY23 Management results summary 89% uplift in earnings FY23 Actual FY22 Actual Variance FY23 Actual (at FY22 CC) Total revenue ex Margin Income $2,511.6 $2,410.3 +4.2% $2,440.5 Margin Income $792.1 $187.1 +323.4% $775.4 Total revenue $3,303.7 $2,597.4 +27.2% $3,215.9 Operating costs $2,066.8 $1,877.
Slide 6: FY22 to FY23 Management EPS
FY22 to FY23 Management EPS Higher earnings driven by margin income, growth in core fees and cost out benefits 15.4 2.6 5.5 8.6 109.7 71.1 USD cps 10.6 14.0 58.0 FY22 Management Core fee revenue Event and Margin Income Impact Cost out benefits CCT annualisation Interest expense FY23 Management EPS T
Slide 7: FY24 Outlook
FY24 Outlook Management EPS expected to be up around 7.5% Guidance FY24 key sensitivities › In constant currency, for FY24 we expect: › Margin income sensitivity including quantum and mix of - Management EPS to be up around 7.5%, to around 116 cps1 client balances – see slide 9 › Corporate Actions a
Slide 8: Margin Income and Average Client Balances
Margin Income and Average Client Balances FY24 MI guidance now $840m, yields improving and FY23 exit balances expected to be stable FY23A Avg FY23A Avg FY24E Avg FY24E Avg FY23A MI FY24E MI Margin Income by Exposure (%) Client Balances Weighted Yield Client Balances Weighted Yield ($m) Outlook ($m)
Slide 9: Key sensitivities on FY24 Margin Income
Key sensitivities on FY24 Margin Income $1bn change in exposed non-hedged balances translates to around $50m PBT impact Earnings Sensitivity – Average Balances Earnings Sensitivity – Interest Rates -$1bn Balances FY24 Guidance +$1bn Balances -25 bps FY24 Guidance +25 bps 788.8 840.0 891.2 818.0 840.
Slide 10: Hedge book updates
Hedge book updates $1.2bn of MI “locked in” over the life of the book with plan to increase to around $1.5bn in FY24 Average Hedge Book as a % of Average Exposed Incremental quarterly hedges to deliver ~ $75m of 12 Balances FY19 to FY24E Total “locked in” MI margin income over the life of the hedges
Slide 11: Issuer Services
Issuer Services Margin income and Governance Services growth offsets decline in market based revenues Revenue breakdown FY23 CC FY22 Actual CC Variance Management EBIT Register Maintenance $684.2 $675.0 +1.4% $384.0m Up 45.6% Corporate Actions Stakeholder Relationship Management $89.8 $54.9 $111.0 $
Slide 12: Computershare Corporate Trust (CCT)
Computershare Corporate Trust (CCT) Margin income a highlight of impressive broader results; integration and synergies remain on track Revenue breakdown FY23 CC FY22 Actual CC Variance Management EBIT Trust Fee and other revenue $430.9 $260.5 +65% $166.2m $440.8m Up 42.4% Up 411.4% MMF Fee Revenue $
Slide 13: Employee Share Plans
Employee Share Plans Record earnings driven by recovery in transactional revenue in 2H Revenue breakdown FY23 @ CC FY22 Actual CC Variance Management EBIT Fee revenue $153.8 $151.5 +1.5% Transactional revenue $163.7 $159.5 +2.6% $166.2m $104.1m Up37.5% Up 42.4% Other revenue $15.6 $12.9 +20.9% Margi
Slide 14: Mortgage Services
Mortgage Services 2H return to profitability in US; UK operations stable and profitable 2 Revenue breakdown FY23 CC FY22 Actual CC Variance Management EBIT US Mortgage Services $351.0 $422.8 -17.0% US Mortgage Services Margin Income $52.6 $3.3 +1,493.9% $4.5m $166.2m Up 171.4% Up 42.4% UK Mortgage S
Slide 15: Business Services
Business Services Strong return to growth in Canadian Corporate Trust; sale of Bankruptcy and Class Actions completed Revenue breakdown FY23 CC FY22 Actual CC Variance Management EBIT Corporate Trust1 $56.9 $53.4 6.6% $93.6m $166.2m Up Up131.2% 42.4% Bankruptcy* Class Actions* $21.0 $51.5 $26.8 $58.
Slide 16: FY23 Operating expense analysis
FY23 Operating expense analysis Inflation drives BAU Opex up 5.6%, moderating in 2H to 5.0% 2,500 2,000 2,066.8 BAU Opex +5.6% 381.7 1,877.7 398.9 0.5 123.5 1,685.1 1,500 44.0 127.4 1,561.7 1,478.2 USD M Wage $90.0m, 1,000 Vendor $30.8m T&E $6.6m 500 0 FY22 total Less FY22 Less FY22 FY22 operating C
Slide 17: Cash flow and leverage
Cash flow and leverage Strong balance sheet facilitates increased dividend, share buyback and scope for M&A Cashflow Waterfall Balance Sheet Capacity $2.5bn of $166.2m Up 42.4% 1.40 capacity by end FY24 3,000 1.20 2,500 Margin 31.5% 1.00 Net Debt / EBITDA (x) 623.6 2,000 Free cash flow Up 630bps $51
Slide 18: FY24 priorities – building a simpler Computershare
FY24 priorities – building a simpler Computershare with higher quality earnings $166.2m Up 42.4% Complete systems transition in November 2023 and continue to deliver integration synergies at CCT Margin 31.5% Up 630bps Finalise evaluation of strategic opportunities for US Mortgage Services Hedge up t
Slide 19: Appendices
Appendices 1. Constant currency analysis 2. Analysis at actual fx rates • Key Financial Indicators • Computershare Profit and Loss • Group summary by Business Segment • Business Segment Profit and Loss • Employee Share Plans Profit and Loss • UK and US Mortgage Services Profit and Loss, including UP
Slide 20: FY23 Management results – constant currency and actual rates
FY23 Management results – constant currency and actual rates USD M At CC At Actual fx Total Revenue ex MI 2,511.6 2,440.5 Margin Income 792.1 775.4 Total Management Revenue 3,303.7 3,215.9 Revenue Margin Income At CC At Actual fx At CC At Actual fx $166.2m Operating expenditure Up 42.4% 2,066.8 1,99
Slide 21: Revenue, Margin Income, EBITDA and EBIT – constant currency
Revenue, Margin Income, EBITDA and EBIT – constant currency Revenue FY22 FY23 FY23 v 22 Issuer Services 979.5 1,126.6 15.0% CEU ANZ Mortgage Services & Property Rental Services 587.2 565.1 -3.8% 3% 7% Asia Employee Share Plans & Voucher Services 340.0 370.5 9.0% UCIA 4% Business Services 169.3 212.4
Slide 22: 1H23 to 2H23 Management EPS Bridge
1H23 to 2H23 Management EPS Bridge Margin income and CCT drive earnings growth 3.5 0.9 7.8 10.8 0.4 64.6 7.8 4.8 45.1 0.7 USD cps 1H23 Sale of Bankruptcy & Seasonality Operational Margin Income US Mortgage Services CCT synergies Impact of inflation Interest and tax 2H23 Management EPS Class Actions
Slide 23: FY23 to FY24 Guidance Management EPS Bridge
FY23 to FY24 Guidance Management EPS Bridge Management EPS growth of around 7.5% 7.4 10.1 10.9 4.1 116.0 2.8 6.7 108.0 USD cps FY23 Management KCC Disposal Fee Revenue Margin Income Cost out & synergies Impact Interest expense FY24 Management EPS of inflation and Tax EPS Note: EPS breakdown is provi
Slide 24: Actual FX Rate Analysis
ACTUAL FX RATE ANALYSIS 24
Slide 25: Total Revenue
CCT acquisition driving increase in FY23 recurring revenue 5,000 35% 32.1% $166.2m 4,000 25.7% Up 42.4% 25.0% 24.7% 24.4% 24.1% 25% Margin 22.8% 21.8% 31.5% Up 630bps 19.2% 20.4% 3,216 3,000 494 EBIT Margin % Total Revenue 2,597 USD M 2,301 2,357 2,323 15% 2,281 504 2,114 2,023 1,976 1,974 529 542 5
Slide 26: Key Financial Indicators
Key Financial Indicators 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 Total Management Revenue 1,127.8 1,228.7 1,124.3 1,156.9 1,102.5 1,220.3 1,171.5 1,425.8 1,510.6 1,705.3 Operating expenditure 795.4 885.3 787.8 847.3 825.1 869.9 857.4 1,020.3 970.5 1,029.4 Management EBITDA 331.4 343.4 336.
Slide 27: Computershare Profit & Loss
Computershare Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Total Revenue ex MI 1,046.9 1,168.9 1,109.4 1,300.9 1,166.5 1,274.0 2,215.8 2,410.3 2,440.5 Margin Income 55.5 51.5 62.1 125.0 344.1 431.3 107.0 187.1 775.4 Total Management Revenue 1,102.5 1,220.3 1,171
Slide 28: Summary – Revenue and Margin Income
Summary – Revenue and Margin Income USD M (at actual rates) Revenue 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Issuer Services 465.0 534.3 463.0 516.5 506.7 583.6 999.3 979.5 1,090.2 Mortgage Services & Property Rental Services 297.8 311.2 294.4 292.8 266.2 282.6 609.0 587.2 548.8 Employee Share P
Slide 29: Summary – EBITDA
Summary – EBITDA USD M (at actual rates) EBITDA 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Issuer Services 127.9 151.4 118.1 148.5 163.0 212.9 279.3 266.6 375.9 Mortgage Services & Property Rental Services 53.6 61.2 71.3 68.3 52.2 77.1 114.8 139.6 129.4 Employee Share Plans & Voucher Services 23.9
Slide 30: Summary – EBIT
Summary – EBIT USD M (at actual rates) EBIT 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Issuer Services 126.2 150.0 116.7 146.9 161.7 211.5 276.2 263.7 373.2 Mortgage Services & Property Rental Services 5.3 4.7 14.3 10.9 -9.6 33.5 10.0 25.2 23.9 Employee Share Plans & Voucher Services 21.2 60.9 37.
Slide 31: Issuer Services Profit & Loss
Issuer Services Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Register Maintenance 306.4 357.5 322.1 352.9 306.7 354.7 663.9 675.0 661.5 Corporate Actions 69.0 66.5 55.4 55.7 43.7 42.5 135.5 111.0 86.2 Stakeholder Relationship Management 35.5 51.2 26.5 33.1 23.6
Slide 32: Mortgage Services & Property Rental Services Profit & Loss
Mortgage Services & Property Rental Services Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Total Revenue ex MI 282.2 297.4 271.3 267.5 226.3 227.6 579.7 538.8 453.9 Margin Income 15.5 13.8 23.1 25.3 39.9 55.0 29.3 48.4 94.9 UCIA Total Management Revenue 297.8 311
Slide 33: Employee Share Plans & Voucher Services Profit & Loss
Employee Share Plans & Voucher Services Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Canada ANZ Employee Share Plans 134.4 182.5 156.6 167.3 136.3 181.4 316.9 323.9 317.7 5% 4% Asia USA 12% Vouchers 6.3 5.7 5.6 6.4 3.1 1.8 12.0 12.0 5.0 17% Margin Income 2.3 1.9
Slide 34: Business Services Profit & Loss
Business Services Profit & Loss UCIA USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 2% Corporate Trust 25.8 30.4 27.7 25.7 25.6 28.4 56.3 53.4 54.0 Bankruptcy 41.3 23.4 16.3 10.5 10.0 10.9 64.6 26.8 21.0 Class Actions 31.6 28.3 28.9 29.6 32.4 18.0 59.9 58.5 50.4 Karvy 0.0 0.0 0
Slide 35: Communication Services & Utilities Profit & Loss
Communication Services & Utilities Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Canada 6% Communication Services 77.9 83.6 80.1 91.9 77.2 81.7 161.5 172.0 158.9 Utilities 3.5 4.7 4.3 4.2 3.6 4.3 8.2 8.5 8.0 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 USA F
Slide 36: Corporate & Technology Profit & Loss
Corporate & Technology Profit & Loss USA 2% Asia USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 1% Canada ANZ 11% 17% Total Revenue ex MI 0.9 0.7 4.6 0.2 1.3 2.9 1.7 4.8 4.2 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 0.9 0.7 4.6 0.2 1.3 2.9 1.7 4
Slide 37: Computershare Corporate Trust
Computershare Corporate Trust USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Total Revenue ex MI 0.0 0.0 69.3 211.2 226.0 249.5 0.0 280.4 475.5 $166.2m Margin Income Total Management Revenue Up 42.4% 0.0 0.0 0.0 0.0 7.5 76.7 48.0 259.2 163.4 389.4 208.9 458.5 0.0 0.0 55.5 336.0
Slide 38: Employee Share Plans Profit & Loss
Employee Share Plans Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Fee revenue 69.8 74.8 75.0 76.5 71.4 75.9 144.6 151.5 147.3 Transactional revenue 58.7 101.2 74.6 84.9 59.3 96.2 159.9 159.5 155.5 $166.2m Other revenue Margin Income Up 42.4% 5.9 2.3 6.4 1.9 7.0
Slide 39: UK Mortgage Services Profit & Loss
UK Mortgage Services Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 UKAR Fixed Fee 4.0 0.1 0.0 0.0 0.0 0.0 4.1 0.0 0.0 Other fee revenue 64.7 63.7 58.2 57.2 49.8 52.5 128.4 115.4 102.3 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $166.2m Total Management Reve
Slide 40: US Mortgage Services Profit & Loss
US Mortgage Services Profit & Loss USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Base Servicing Fees 107.9 101.6 94.1 89.0 91.5 98.4 209.5 183.2 189.9 Servicing related fees 29.8 49.4 26.4 31.5 23.5 24.2 79.2 57.9 47.6 Other service fees 75.4 82.3 92.3 89.5 61.2 52.3 157.7 181
Slide 41: US Mortgage Services - UPB and number of loans
US Mortgage Services - UPB and number of loans FY22 FY23 FY23 v FY22 Non- Non- Non- UPB and number of loans Performing Total Performing Total Performing Total performing performing performing UPB $bn 26.6 6.6 33.2 29.3 5.9 35.1 10.1% -11.3% 5.9% Fully owned MSR's Number of loans (k) 122.0 54.0 176.0
Slide 42: US Mortgage Services - Invested Capital
US Mortgage Services - Invested Capital USD M (at actual rates) 1H21 FY21 1H22 FY22 1H23 FY23 Dec Jun Dec Jun Dec Jun 1 Net Loan Servicing Advances 91.5 119.0 136.3 106.4 161.6 131.8 2 Net MSR intangible asset 489.7 512.9 470.3 496.9 545.3 468.8 3 Investment in SPVs 32.8 30.3 32.1 26.3 22.6 21.9 4 O
Slide 43: Revenue definitions
Revenue definitions Classification USD M FY18 FY19 FY20 FY21 FY22 FY23 FY23 @ CC Issuer Services Core Fees Register Maintenance - Issuer Paid 482 463 441 478 469 460 479 Transactional Fees Register Maintenance - Holder/Broker Paid 188 194 184 186 206 201 206 Event Fees Corporate Actions 113 94 99 13
Slide 44: FY23 Revenue by Business Unit and Geography
FY23 Revenue by Business Unit and Geography USD M (at actual rates) ANZ Asia UCIA CEU USA Canada Total Register Maintenance 94.4 60.8 85.2 55.3 406.2 65.2 767.0 Corporate Actions 21.4 10.0 21.3 0.0 88.1 38.2 179.1 Stakeholder Relationship Management 1.9 3.9 16.6 0.0 30.5 0.0 53.0 $166.2m Governance
Slide 45: FY23 Revenue by Country (USD and Local Currency)
FY23 Revenue by Country (USD and Local Currency) Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other Total USD M (at actual rates) Register Maintenance 86.0 60.8 64.9 8.7 12.4 23.3 406.2 65.2 39.5 767.0 Corporate Actions 20.1 10.0 16.7 0.0 3.8 0.0 88.1 38.2 2.2 179.1
Slide 46: Revenue, EBITDA and EBIT by Region
Revenue, EBITDA and EBIT by Region USD M (at actual rates) Revenue 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 ANZ 111.4 102.0 116.9 103.2 109.9 96.1 213.4 220.1 206.0 Asia 76.8 84.6 61.2 55.7 57.9 61.0 161.3 116.9 118.9 UCIA 215.8 254.2 234.8 256.8 218.1 287.6 470.0 491.6 505.7 CEU USA $166.2m 42.
Slide 47: Revenue excluding acquisitions and disposals
Revenue excluding acquisitions and disposals USD M (at actual rates) 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Management Revenue 1,102.5 1,220.3 1,171.5 1,425.8 1,510.6 1,705.3 2,322.8 2,597.4 3,215.9 Less acquisitions* 3.1 3.9 84.2 307.2 324.8 0.0 31.2 336.0 324.8 Less disposals* 0.0 2.7 2.2 18
Slide 48: Cost out programs – FY23
Cost out programs – FY23 $37.9m cost out benefit achieved in FY23 $M Benefit realisation (cumulative) Total cost FY23 change vs. Total change vs. last $166.2m Activity savings Up 42.4% estimates FY22A FY23A last disclosure2 FY24E FY25E FY26E disclosure2 Stage 1 Total Margin 25 - 30 28.1 28.1 ► 0.0 2
Slide 49: Statutory results
Statutory results USD M (at actual rates) Statutory results FY22 FY23 FY23 v 22 Total revenue from continuing operations 2,565.1 3,200.8 24.8% › Management results are used, along with other measures, to assess Other income 51.4 21.7 -57.8% operating business performance. The Company believes that e
Slide 50: Management adjustment items
Management adjustment items USD M (at actual rates) 1H21 FY21 1H22 FY22 1H23 FY23 Management adjustments items (net of tax) Amortisation 21.4 42.7 20.4 63.4 35.1 70.7 Amortisation of acquisition related intangible assets 21.4 42.7 20.4 63.4 35.1 70.7 $166.2m Acquisitions and Disposals Up 42.4% 4.8 2
Slide 51: Other expenditure
Other expenditure USD M (at actual rates) Operating costs 1H21 2H21 1H22 2H22 1H23 2H23 FY21 FY22 FY23 Cost of Sales 202.9 219.6 191.3 207.6 183.6 187.2 422.4 398.9 370.8 Personnel 502.3 534.3 553.8 674.2 652.9 678.3 1,036.6 1,228.1 1,331.1 Fixed/Perm 485.4 516.1 535.1 645.6 623.2 655.9 1,001.5 1,18
Slide 52: FY23 Client Cash
FY23 Client Cash Margin income rises to $775m 600.0 140.0 500.0 120.0 431.3 100.0 344.1 400.0 80.0 USD million 300.0 USD billion 60.0 200.0 40.0 125.2 121.2 116.0 125.0 83.4 51.5 62.1 100.0 20.0 55.5 21.0 16.1 16.8 17.6 17.6 20.1 27.9 39.3 37.1 30.9 0.0 0.0 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H
Slide 53: Breakdown of Average Client Balances and Margin Income
Breakdown of Average Client Balances and Margin Income Average Client Balances ($b) Margin Income ($m) Average Annualized Yield At actual rates 1H23 2H23 FY23 FY22 1H23 2H23 FY23 FY22 1H23 2H23 FY23 FY22 Total 37.1 30.9 34.0 33.6 344.1 431.3 775.4 187.1 1.86% 2.79% 2.28% 0.56% By Region 37.1 30.9 34
Slide 54: Exposed and non-exposed average balances by business
Exposed and non-exposed average balances by business FY21 Balances Margin FY22 Balances Margin FY23 Balances Margin (USDbn) Income (USDbn) Income (USDbn) Income (USDm) (USDm) (USDm) Exp Non-Exp Exp Non-Exp Exp Non-Exp Register Maintenance 2.7 0.2 20.9 3.2 0.3 22.2 3.3 0.4 105.6 Corporate Actions 2.2
Slide 55: Profile of existing swap and fixed rate deposit book
Profile of our existing swap and fixed rate deposit book and floating rate deposits 1H24 2H24 1H25 2H25 1H26 2H26 1H27 2H27 1H28 2H28 Exposed: Hedged balances ($bn) By Profile 8.9 8.8 8.2 8.1 7.8 6.8 5.7 5.0 3.4 3.1 Fixed rate deposits 3.9 3.8 3.3 3.2 3.2 2.6 1.7 1.1 0.8 0.7 Fixed rate swaps 5.0 5.0
Slide 56: Debt Facilities Maturity Profile and Composition
Debt Facilities Maturity Profile and Composition – at 30 June 2023 Maturity Profile Composition of drawn debt facilities • Diverse sources of debt now in the Undrawn bank portfolio with public and private bonds combined with Bank facilities 7% facilities: $260.5m • Average debt facility maturity was
Slide 57: Balance Sheet
Balance Sheet At actual rates 1H21 FY21 1H22 FY22 3 1H23 FY23 Dec Jun Dec Jun Dec Jun Current Assets USD M 1,491.1 1,718.7 1,946.7 2,007.9 2,081.0 2,173.4 Non Current Assets USD M 3,663.6 3,533.2 4,149.5 4,050.4 4,131.3 3,972.9 $166.2m Total Assets Current Liabilities Up 42.4% USD M USD M 5,154.7 83
Slide 58: Cash flow summary
Cash flow summary USD M (at actual rates) 1H21 FY21 1H22 FY22 1H23 FY23 Net operating receipts and payments 238.9 543.6 277.7 592.8 377.4 914.2 Net interest and dividends -38.2 -75.3 -38.8 -78.2 -49.1 -109.5 Income taxes paid -76.6 -92.9 -35.6 -76.2 -80.8 -181.0 Net operating cash flows excluding SL
Slide 59: Exchange Rates
Exchange Rates Currency 1H21 FY21 1H22 FY22 1H23 FY23 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 $166.2mAUD 1.3971 Up 42.4% 1.3464 1.3622 1.3755 1.4895 1.4872 Margin HKD 7.7504 7.7550 7.7805 7.8003 7.8423 7.8386 31.5% NZD 1.4975 Up 630bps 1.4428 1.4326 1.4653 1.6506 1.6270 INR 74.2471 73.7286 74.
Slide 60: 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