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>AVG's 2023 vintage is expected to be down -22% to 80kt, with AVG outperforming the industry vintage decline of -40%.</li><li>FY23 guidance provided with D&amp;A higher than expected: Revenue $255m - $260m (MAe: $259m); Underlying EBITDAS $26m - $28m (MAe: $25.3m); Underlying EBITS $9m - $11m (MAe: $11.8m).</li><li>$9m in cost out initiatives identified with benefits expected in FY24+.</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>

AVG's 2023 vintage is expected to be down -22% to 80kt, with AVG outperforming the industry vintage decline of -40%.FY23 guidance provided with D&amp;A higher than expected: Revenue $255m - $260m (MAe: $259m); Underlying EBITDAS $26m - $28m (MAe: $25.3m); Underlying EBITS $9m - $11m (MAe: $11.8m).$9m in cost out initiatives identified with benefits expected in FY24+.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.

Australian Vintage Limited -  FY23 Vintage and Trading Update