Question

What was Mineral Resources Limited’s (MIN) EBITDA for the last financial year, ie, FY20, and what is meant by EBITDA?

https://s3-ap-southeast-2.amazonaws.com/assets.mineralresources.com.au/app/uploads/2019/10/09081031/2019AnnualReport02156834.pdf

Answer 1

The annual report you have provided is FY19. So, calculated EBITDA for FY19

EBITDA means Earnings before Interest Taxes and Depreciation & Amortization. This is Operating profit of the company, arriving at the operating revenue-Operating expenses.

EBITDA 2019=Revenue-(Raw materials and consumables-Changes in closing stock+Equipment costs+Subcontractors+Employee benefits expense+Transport and freight+Other expenses)

=1,511,975-(165,555-60,364+60,248+106,574+278,141+431,742+152,323)

=1,511,975-1134219

=377,756 (In Thousands)

EBITDA=377,756,000