Midway Ltd (ASX:MWY)
A$ 1.24 0 (0%) Market Cap: 108.30 Mil Enterprise Value: 115.54 Mil PE Ratio: 124.50 PB Ratio: 0.75 GF Score: 66/100
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Full Year 2023 Midway Ltd Earnings Call Transcript

Aug 24, 2023 / 04:00AM GMT
Release Date Price: A$0.595 (-8.46%)
Anthony Mckenna
Midway Limited - MD, CEO & Director

I appreciate your attendance for our FY '23 Results Presentation. I'll quickly run you through our agenda for today. I'll start by running through what I see as the key highlights of the FY '23 result. I'll update you on important developments in the Midway growth strategy. I'll then hand over to Michael to discuss the FY '23 financial results. Then I'll come back to discuss the operating environment and outlook. We'd be pleased to take questions through the Q&A box at the end of the presentation.

Next slide. The FY '23 results announcement showed an underlying performance improvement. This is demonstrated by the $4.7 million turnaround in underlying EBITDA and the PCP. Our strong balance sheet, including low net debt and solid current asset ratio and our progress on key projects to maximize shareholder value.

I'll now turn to the key highlights. I'm pleased to report that Midway is making steady progress on key elements of our strategic plan and the turnaround in performance is beginning to show results. Unfortunately, the

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