VECTOR ANNUAL REPORT 2021 /
Five year financial performance
Five year financial performance
YEAR ENDED 30 JUNE ($ MILLION)
2021
2020
2019
2018
2017
PROFIT OR LOSS Revenue Adjusted EBITDA 1
1,279.3
1,294.0
1,318.6
1,328.4
1,226.7
513.5
490.0
485.8
470.1
474.4
(270.1)
Depreciation and amortisation
(262.8)
(246.8)
(225.9)
(199.6)
243.4 194.6
Adjusted EBIT
227.2
239.0
244.2 149.8
274.8 168.9
Net profit
97.3
84.0
BALANCE SHEET Total equity
2,335.4 6,519.5
2,259.7 6,380.9
2,349.4 6,061.0
2,457.9 5,808.0
2,448.3 5,574.6
Total assets
Economic net debt (borrowings net of cash and short- term deposits)
3,073.2
2,882.3
2,627.5
2,377.8
2,220.1
CASH FLOW Operating cash flow Capital expenditure
499.1
397.3
348.1
389.9
335.7
(516.2) (165.8)
(476.4) (167.0)
(418.4) (164.1)
(386.8) (163.9)
(354.3) (161.0)
Dividends paid
KEY FINANCIAL MEASURES Adjusted EBITDA/revenue
40.1% 19.0% 35.8%
37.9% 17.6% 35.4%
36.8% 18.1% 38.8%
35.4% 18.4% 42.3%
38.7% 22.4% 43.9%
Adjusted EBIT/revenue
Equity/total assets
7.9%
Return on assets (adjusted EBITDA/assets)
7.7%
8.0%
8.1%
8.5%
56.5%
Gearing 2
55.2%
52.2%
48.8%
47.1%
Net interest cover (adjusted EBIT/net interest costs) (times)
2.2
1.8 9.5
1.8 8.3
1.8
2.0
19.3
Earnings (NPAT) per share (cents)
14.8
16.7
16.75
Dividends declared, cents per share
16.50
16.50
16.25
16.00
1. Refer to Non-GAAP reconciliation on page 44. 2. Gearing is defined as economic net debt to economic net debt plus adjusted equity. Adjusted equity means total equity adjusted for hedge reserves.
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