Ann: FY23 Results Presentation, page-23

Id rather see them clear some of the debt off the books. I think that makes the market nervous. They also need to show new contract wins into the second half of this decade and keep Net Profit Margin% above 5%. China worries are no doubt hanging strong but China usually just turns to mega infrastructure projects when things go sour. My broker (CMC markets) has an announcement wrong - they state "Perenti: Expects FY24 Underlying Ebitd(a) of A$260M-A$275M" but the presentation states "EBIT(A) $260M to $275M" - with EBIT(A) of 270M = 180+ NPAT" - so a error. Thats 23% debt paid if they hold another year - assuming profit assigned to depreciation cannot be paid down also. Not sure debt is a huge worry if these forecasts play out. Batter me down if Ive misquoted, miscalculated.