Year end 30 Sep 2019A 2020E 2021E 2022E Revenue m 22,977 25,601 28,552 31,911 EBITDA m 16,027 18,116 20,485 22,979 Reported profit m 12,080 14,109 16,000 18,040 Adjusted profit m 12,367 14,109 16,000 18,040 Gross cashflow m 13,023 14,817 16,728 18,788 EPS adj US$ 5.44 6.36 7.40 8.55 EPS adj growth % 18.2 16.9 16.3 15.5 PER adj x 36.0 30.8 26.5 22.9 Total DPS US$ 1.00 1.20 1.20 1.20 Total div yield % 0.5 0.6 0.6 0.6 ROE % 36.0 41.3 46.0 46.5 EV/EBITDA x 27.8 24.0 20.7 18.0 Net debt/equity % 9.9 9
