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  "documentTitle": "2021 q4 earnings results presentation",
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  "authorName": "Petershill Partners",
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      "text": "Strong set of Q4 numbers exceeding IPO expectations; Confidence driven from constructive outlook in 2022 around capital raising, deployment and performance; Supplementing maiden dividends of $30m with additional buyback of up to $50m using distributable earnings; Maintain the opportunity set and guidance towards annual investments in new acquisitions",
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      "text": "CapEx-like M&A: Expect c.$100-300m+ per annum",
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      "text": "Net leverage: Target <1.5x LTM EBIT for long-term capital planning purposes; Capacity to go up to 3x LTM EBIT for acquisitions",
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      "text": "Dividend per share: 2.6¢",
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      "text": "Dividend policy: Progressive dividend policy; Proposed FY21 dividend: 2.6c cents per share; Dividend split: Interim dividends set at one third of prior year annual amount",
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      "text": "Our capital allocation policy can finance growth as well as deliver significant cash to shareholders – overseen by our Independent Board",
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