AUSTAL LIMITED — Earnings Release 2020

Aug 23, 2020

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Austal Limited

Appendix 4E for the year ended 30 June 2020

1. The reporting period is from 1 July 2019 to 30 June 2020. The previous corresponding period is 1 July 2018 to 30 June 2019.

1.	The reporting period is from 1 July 2019 to 30 June 2020. The previous corresponding period is 1 July 2018 to 30 June 2019.
2.	Results for announcement to the market			$'000
	2.1 Revenue from ordinary activities	up 12.7% to	$	2,086,001
	2.2 Profit (loss) from ordinary activities after tax attributable to members	up 45% to		88,978
	2.3 Net profit (loss) for the period attributable to members	up 45% to		88,978
	2.4 Dividend distributions
	The Directors declared an unfranked interim dividend of 3 cent per share for the 6 months up to 31 December 2019			10,697
	The Directors also declared an unfranked final dividend of 5 cents per share for the full year to 30 June 2020			17,835
	2.5 Record date for determining entitlements to the dividends		9	September 2020
	2.6 Explanation of figures in 2.1 to 2.4 that may be required		Refer	to Annual Report
3.	Statement of comprehensive income with notes		Refer	to Annual Report
4.	Statement of financial position with notes		Refer	to Annual Report
5.	Statement of cash flows and notes		Refer	to Annual Report
6.	Statement of changes in equity		Refer	to Annual Report
7.	Dividend distributions			Refer to 2.4
8.	Dividend Reinvestment Plan
	The Company operates a Dividend Reinvestment Plan (DRP) which allows eligible shareholders to elect to invest dividends in ordinary shares
	which rank equally with Austal ordinary shares. The allocation price for shares under the DRP will be calculated as the average of the daily		volume
	weighted average price of Austal ordinary shares on each of the 5 consecutive trading days from and including the third trading day after the
	record date of Wednesday 9 September 2020 for participation in the DRP, being Monday 14 September 2020 to Friday 18	September 2020.
	The last date for receipt of applications to participate in or to cease or vary participation in the DRP is by 5.00pm (WST) on
	Thursday 10 September 2020. The Directors have determined that no discount shall apply to the allocation price and the DRP will not be
	underwritten. Shares to be allocated under the DRP will be transferred to participants on Thursday 22 October 2020.
9.	Net tangible assets per ordinary security
	9.1 Current period ($ / share)		$	2.04
	9.2 Previous corresponding period ($ / share)			1.73
10.	Control gained or lost over entities during the period			N/A
11.	Details of associates and joint venture entities
	The investment in Aulong joint venture represents the Group's 40% interest in the Chinese joint venture, Aulong Shipbuilding Co Ltd with
	Jianglong Shipbuilding Company. The aim of the joint venture is to pursue commercial passenger and non-military vessel opportunites
	in the People's Republic of China.
12.	Other significant information		Refer to Annual Report
13.	Accounting standards used by foreign entities
	The financial statements of subsidiaries are prepared using consistent accounting policies for the same reporting period as the parent company.
	The foreign entities including Austal USA prepare their accounts under accounting standards that are equivalent to International Financial
	Reporting Standards.
14.	Commentary on the result
	14.1 Earnings per share
			$	0.250
				0.176
				0.247
				0.173
	14.2 Returns to shareholders including distributions and buy backs			Refer to 2.4
	14.3 Significant features of operating performance		Refer	to Annual Report
	14.4 Segment results		Refer	to Annual Report
	14.5 Trends in performance		Refer	to Annual Report
	14.6 Other factors affecting the results in period or future		Refer	to Annual Report
15.	Audit / review of accounts upon which this is based		Audited accounts
16.	Accounts not audited or subject to review			N/A
17.	Qualifications of audit/review			No qualifications