Financial History
|
As at 30 June
|
2023
$’000
|
2022
$’000
|
2021
$’000
|
2020
$’000
|
20191
$’000
|
| Base business revenue |
7,683,541
|
6,911,644
|
6,599,038
|
6,417,604
|
6,184,056
|
| COVID-19 revenue |
485,407
|
2,428,510
|
2,155,085
|
414,239
|
-
|
|
Total revenue2
|
8,168,948
|
9,340,154
|
8,754,123 |
6,831,843 |
6,184,056
|
|
Earnings before interest, tax, depreciation and amortisation (EBITDA)2
|
1,707,524
|
2,830,447
|
2,559,790 |
1,411,834 |
1,074,828
|
|
Net profit after tax2
|
684,984
|
1,460,566
|
1,315,040 |
527,749 |
549,725
|
|
Net cash flow from operations
|
1,471,033
|
2,225,821
|
2,042,836 |
1,360,298 |
847,308
|
|
Total assets
|
13,014,629
|
12,552,013
|
11,760,991 |
12,127,130 |
9,959,834
|
|
Total liabilities
|
5,092,767
|
5,123,839
|
5,256,648 |
6,462,732 |
4,467,968
|
|
Net assets
|
7,921,862
|
7,428,174
|
6,504,343 |
5,664,398 |
5,491,866
|
|
Net interest–bearing debt3
|
886,340
|
811,803
|
939,982 |
2,021,969 |
2,298,953
|
|
Statistics
|
|
Diluted earnings per share (cents)2
|
145.0
|
302.5
|
273.1 |
110.6 |
122.1
|
|
Dividends paid per ordinary share (cents)
4
|
104.0
|
100.0
|
91.0
|
85.0 |
82.0
|
|
Dividend payout ratio4
|
71.7%
|
32.5%
|
33.1% |
76.5% |
66.4%
|
|
Gearing ratio5
|
9.9%
|
9.7%
|
12.5% |
26.1% |
29.5%
|
|
Interest cover (times)5
|
29.4
|
47.3
|
33.8
|
11.5 |
10.5
|
|
Debt cover (times)5
|
0.6
|
0.3
|
0.4
|
1.8 |
2.1
|
|
Net tangible asset backing per share ($)
|
0.28
|
0.14
|
(0.44) |
(2.72) |
(2.69)
|
|
Return (after tax) on invested capital (ROIC)2,6
|
8.8%
|
19.7%
|
18.7%
|
8.5% |
8.8%
|
|
Return (after tax) on equity2
|
8.9%
|
21.0%
|
21.6% |
9.5% |
11.2%
|
1 2019 is pre the adoption of the lease accounting standard AASB 16 and therefore most metrics are not comparable to the later years
2 2019 included a non-recurring pre-tax gain of $50,385,000 (post-tax $49,585,000) on the sale of GLP Systems
3 Net interest-bearing debt excludes lease liabilities under AASB 16
4 Dividends declared and payout ratio relate to the dividends declared out of the profits for the relevant year, rather than when the dividend is paid
5 Calculated using debt facility covenant definitions, which exclude AASB 16
6 The methodology for calculating ROIC has been amended in FY2023 to more appropriately demonstrate Sonic’s returns, using pre-AASB 16 measures. Comparative years have been restated. ROIC is calculated as tax effected (using the effective tax rate and adjusted for the tax benefit of goodwill amortisation) EBIT (pre-AASB 16), less minority interests, divided by invested capital. Invested capital is measured as total pre-AASB 16 equity (excluding minority interests) plus net interest bearing debt (excluding lease liabilities under AASB 16). Invested capital is the average of the opening and closing position.
