Ann: FY22 Half Year results announcement, page-11

I made the following graph around 8 months ago.

My forecast for breakeven terminals for the Australian business was a lot higher, conditional that the revenue per unit (p.a) was estimated be closer to $2,800-$3,000.

The business performance since then has demonstrated that the number should be much higher, probably around the $3,500 mark.

For the sake of being conservative:

Assume the RPU is $3,200
Cost of deployment has stayed the same at $900 p.u
Each unit can generate an EBITDA margin of 40%.

(Refer to the yellow cell's to follow the above).



**Happy to be corrected, these numbers were put together a while ago.