For the 12 months ended

30-Jun-10

30-Jun-11

30-Jun-12

30-Jun-13

30-Jun-14

31-Dec-14

Revenue

37.1

43.5

57.7

74.6

97.2

103.3

EBITDA

13.1

14

18.5

10.7

20.1

23.2

Diluted EPS

0.14

0.14

0.19

0.09

0.24

0.24

0.105

0.11

0.13

0.13

0.135

0.135

57.70%

73.00%

63.80%

147.80%

54.70%

55.80%

32.64368
32.14286
35.71429
18.18182
-12.60274

29.28943
-42.16216
-52.63158
0
131.6614

Dividends per share

Payout ratio %
Revenue %
EBITDA %
Diluted EPS %
Dividends per share %
Payout ratio %

For the 12 months ended

Dividends per share
Share Price
Div Yield
Average ROR
Sharp Ratio

N/A
N/A
N/A
N/A
N/A

17.25067
6.870229
0
4.761905
26.51646

30.29491 6.27572
87.85047 15.42289
166.6667
0
3.846154
0
-62.99053 2.010969

30-Jun-10

30-Jun-11

30-Jun-12

30-Jun-13

30-Jun-14

31-Dec-14

0.105

0.11

0.13

0.13

0.135

0.135

2.41
4.36%
0.124167

2.49
4.42%

4.48
2.90%

2.91
4.47%

2.32
5.82%

2.84
4.75%

Webjets current share price

Webjets cost of equity
Current risk free rate
0.14

3
4.67%

Risk adjusted return

Increase in price by
Price after one year

$3.75
11.00%
2.40%
8.60%
$0.32
$4.07

4.58%

market capitalisation of $280 million

net debt of $28.3 million
FY14 net profit after tax of $19.2 million
FY14 EBIT of $19.1 million.

Surplus Cash

Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Total

12,000,000

Bank A

Bank B
Bank C
378000
378000
390000
378000
378000
378000
390000
378000
390000
378000
378000
390000
378000
378000
378000
390000
378000
390000
1560000 4536000
780000

Bank A
Bank B
Bank C

3.25
3.15
3.25

Quaterly
Monthly
Semi-annually

Additional cash/FV
90-day bank accepted bill
1232.8767123288

500,000
Simple Interest
16500

Interest = Purchase Price x Interest Rate x Days to Maturity

100 x 365
Face Value = Purchase Price + Interest

Settlemet Date
Maturity Date
Coupon Rate
Yield
Assume Par Value

12/15/2014
04/15/2016

1 Year Int. (PV)

4 Month int. (PV)
Maturity (PV)
Market Price of Bond

0.0747663551
0.0782336045
91.394397814
91.547397774

8%
7%
100

Settlemet Date
Maturity Date
Coupon Rate
Yield
Assume Par Value
1 Year Int. (PV)
2 Year Int. (PV)
3 Year Int. (PV)
4 Year Int. (PV)
5 Year Int. (PV)
6 Year Int. (PV)
7 Year Int. (PV)
215 days Int. (PV)
Maturity (PV)
Market Price of Bond

12/17/2014
Days till maturty
07/15/2022
5.75%
3.02%
100
0.055814405
0.0541782226
0.0525900045
0.0510483445
0.0495518778
0.0480992796
0.0466892638
0.0565011197
79.788149155
80.202621672

215 0.589041