External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

<ul><li>Earnings in line: underlying 1H23 NPATA of $29.9m (+33% vs pcp) was in line with MAe $29.8m.</li><li>1H23 fully franked dividend of 3.33cps, +26% vs pcp.</li><li>Pre reported highlights included 1H23 EBITDA of $65.6m, +53% vs pcp, with top line growth driven by increases on pcp in rigs and shifts and sound performance from Swick, partially offset by marginally weaker utilisation.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Earnings in line: underlying 1H23 NPATA of $29.9m (+33% vs pcp) was in line with MAe $29.8m.1H23 fully franked dividend of 3.33cps, +26% vs pcp.Pre reported highlights included 1H23 EBITDA of $65.6m, +53% vs pcp, with top line growth driven by increases on pcp in rigs and shifts and sound performance from Swick, partially offset by marginally weaker utilisation.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DDH1 - Slower than Expected Start to CY23