ESR Group Limited Interim Report 2023 3 Notes: 8. Refer to EBITDA, which excluded the share-based compensation expense 9. Excludes amortisation of intangibles (net of tax), and share-based compensation expenses relating to ARA 10. FY2021, 1H2022 and FY2022 excluded transaction costs related to the ARA acquisition. For FY2022 also excluded share of certain associates' fair value of investment properties and financial assets at fair value through profit or loss and financial instruments 11. Excluded share of certain associates' fair value on investment properties, financial assets at fair value through profit or loss and financial instruments # EBITDA, Adjusted EBITDA and Adjusted PATMI are non-IFRS measures. These measures are presented because the Group believes they are useful measures to determine the Group’s financial condition and historical ability to provide investment returns. EBITDA, Adjusted EBITDA, Adjusted PATMI and any other measures of financial performance should not be considered as an alternative to cash flows from operating activities, a measure of liquidity or an alternative to net profit or indicators of the Group’s operating performance on any other measure of performance derived in accordance with IFRS. Because EBITDA, Adjusted EBITDA and Adjusted PATMI are not IFRS measures, these may not be comparable to similarly titled measures presented by other companies. Refer to non-IFRS measures reconciliation in page 99 670 1,152 707 585 550 18% 451 712 410 315 329 27% 432 821 404 388 455 5% 727 1,28411 777 663 597 289 148 226 235 18% 199 342 342 568 374 229 288 211 148 329 120 Investment Fund Management New Economy Development 1H2023 1H2022 FY2022 FY2021 FY2020 Total Segmental Results (US$ million) Profit after Tax9,10 (US$ million) Adjusted EBITDA8,10 (US$ million) Revenue (US$ million) 1H2023 1H2022 FY2022 FY2021 FY2020 1H2023 1H2022 FY2022 FY2021 FY2020 1H2023 1H2022 FY2022 FY2021 FY2020
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