AUSTAL LIMITED — Earnings Release 2022

Aug 25, 2022

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Austal Limited

Appendix 4E for the year ended 30 June 2022

1. The reporting period is from 1 July 2021 to 30 June 2022. The previous corresponding period is 1 July 2020 to 30 June 2021.

2.	Results for announcement to the market			$'000
	2.1 Revenue from ordinary activities	down 9% to	$	1,429,044
	2.2 Profit (loss) from ordinary activities after tax attributable to members	down 2% to		79,565
	2.3 Net profit (loss) for the period attributable to members	down 2% to		79,565
	2.4 Dividend distributions
	The Directors declared an unfranked interim dividend of 4 cent per share for the 6 months to 31 December 2021			14,474
	The Directors also declared an unfranked final dividend of 4 cents per share for the full year to 30 June 2022			14,474
	2.5 Record date for determining entitlements to the dividends			8 September 2022
	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			N/A
9.	Net tangible assets per ordinary security
	9.1 Current period ($ / share)		$	2.46
	9.2 Previous corresponding period ($ / share)			2.05
0.	Control gained or lost over entities during the period			N/A

1. Control gained or lost over entities during the period

2. Details of associates and joint venture entities

On 8 December 2021, Austal announced the completion of the sale of its 40% shareholding in Aulong Shipbuilding Co. Ltd Joint Venture to its joint venture partner Guangdong Jianglong Shipbuilding Co Ltd for approximately $4.2 million net of stamp duty and income tax in China.

1. 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

14.	Reporting Standards. Commentary on the result 14.1 Earnings per share
	Current period – basic ($ / share)	$	0.220
	Previous corresponding period – basic ($ / share)		0.226
	Current period – diluted ($ / share)		0.219
	Previous corresponding period – diluted ($ / share)		0.224
	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