SEVA_ schreef op 13 april 2023 21:17:
[...]
Gaatje van 475 mln. Ik word nog steeds kwaad als ik terugdenk aan die call.
[Operator Instructions] We will take the first question from line, Giles Thorne from Jefferies.
Question
Giles Thorne (Analysts)
A simple question and 1 for Brent. Given the EBITDA momentum of the business and the impact
of the deleveraging from the iFood sale on your cash interest, do you now expect to be equity
free cash flow positive in 2023 on a full year basis. And if you could frame your answer as a
bridge from EBITDA to cash flow, that would be really helpful, Brent.
Answer
Brent Wissink (Executives)
Well, taking into account the guidance that we just provided of adjusted EBITDA of EUR 225
million for '23, we expect cash burn to decrease from EUR 550 million in 2022 to EUR 250 million
in 2023. So this excludes working capital and other cash movements so we will burn some cash
next year. That's the EUR 250 million I just quote.
The cash position ended this year is approximately EUR 2 billion. including repayment .of the ING
loan of EUR 300 million. So that has already been repaid. So we believe that we're in a quite
very comfortable position for the future to invest in the areas where we believe we should invest.