Corporate & Investor Presentation
Capital allocation
$ in millions
2Q22
Higher
priority
.
Cash and cash equivalents
$194
Reinvest for
growth
Reinvest in product development for
high-return organic growth
7% of FY 2021 revenue invested in R&D
Debt
$680
Net debt
$486
Non-GAAP free cash flow
$189
Pursue M&A
Actively evaluate potential acquisitions
Pursue targets aligned with long-term
strategic goals and financial objectives
Unused borrowing capacity
$1,570
NOTE: Values may not calculate due to rounding
Support dividends
Regular return of cash to shareholders.
through dividend at a level that is
meaningful and sustained
During 2Q22
$63M invested in R&D (7% of revenue)
Paid $61M in dividends to shareholders
Lower
priority
29 2022 ResMed | Corporate & Investor Presentation - updated 27JAN22
Opportunistically
repurchase shares
•
Current program suspended following
Opportunistic repurchase of shares
acquisitions of MatrixCare and Propeller
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