Ann: Results Announcement - Strong 1H24 Operating Result, page-5

  1. 23,406 Posts.
    lightbulb Created with Sketch. 914
    Yes deprecation and finance costs are huge early in the life of each machine, when the machines are depreciated to 0 and the finance doesn't exist all those numbers turn into profit.

    so for the first 3 or so years of each machine ebita is large, cash flow is large but profit is low as they are depreciated

    for the next 7 to 10 years theres no depreciation, no finance and nearly all the ebita turns into profit


    this will be a cash and profit cow

 
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