2023
Key Financial Performance Indicators
Supplementary Information (unaudited)
Dublin Port Company uses several financial key performance indicators (KPIs) to measure performance of the Company. These KPIs are financial measurements that are not required under Irish Generally Accepted Accounting Practice (Irish GAAP). These KPI’s represent additional measures in assessing performance and for reporting both internally and to shareholders while also help to inform decision making, assist effective goal setting and track progress in achieving the Company’s strategic objectives.
The Company believes that the presentation of these KPIs provides useful supplemental information which, when viewed in conjunction with Irish GAAP financial information, provides stakeholders with a more meaningful understanding of the underlying financial and operating performance of the Company.
These measurements are also used internally to evaluate the historical and planned future performance of the Company. None of these KPIs should be considered as an alternative to financial measurements derived in accordance with Irish GAAP. The principal KPIs used by the Company, together with reconciliations where the KPIs are not readily identifiable from the financial statements, are as follows:
2023 €’000 |
2022 €’000 |
|
|---|---|---|
EBITDA |
56,721 |
59,348 |
EBITDA Margin (%) |
55.9% |
58.5% |
|
|
|
EBIT |
38,682 |
54,192 |
EBIT Margin (%) |
38.1% |
53.4% |
|
|
|
Return on Capital Employed (ROCE) (%) |
5.3% |
6.4% |
|
|
|
Net Interest Charges |
6,109 |
6,369 |
Interest cover |
||
- EBITDA basis (times) |
9.3 |
9.3 |
- EBIT basis (times) |
6.3 |
8.5 |
|
|
|
Net Debt |
(178,116) |
(155,014) |
Net Debt as a percentage of total equity (%) |
(29.6%) |
(26.7%) |
Net Debt as a percentage of fixed assets (%) |
(23.8%) |
(22.0%) |
Net Debt/EBITDA |
3.1 |
2.6 |
|
|
|
EBIT |
38,682 |
54,192 |
Depreciation and amortisation |
16,809 |
14,619 |
Amortisation of capital grants |
(452) |
(454) |
Fair value movement on investment properties |
1,315 |
850 |
Exceptional Items |
- |
(10,000) |
(Profit)/Loss on disposal of assets |
(75) |
141 |
Impairment of fixed assets |
442 |
- |
EBITDA |
56,721 |
59,348 |
EBIT: Earnings before finance costs and taxation.
EBITDA: Earnings before exceptional items, net finance costs, taxation, depreciation and amortisation, and fixed asset impairment costs.
Interest cover: The ratio of EBITDA or EBIT to net interest charges.
ROCE: The ratio of operating profit to average capital employed.
Net Debt: The net total of current and non-current borrowings, cash and cash equivalents, as presented in the Balance Sheet.