CENTURIA CAPITAL GROUP — Interim / Quarterly Report 2016

Mar 17, 2016

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18 March 2016

Centuria Capital Limited – (ASX Code: CNI) Interim Dividend Payment

It is our pleasure to advise shareholders of Centuria’s interim dividend and to provide you with a summary of our half-year results for the six months ended 31 December 2015 (1H 16).

Interim Dividend

An interim dividend of 2.25 cents per share has been paid today and we attach a dividend statement for your records. The dividend is fully franked.

Centuria aims to deliver a consistent, growing dividend stream to shareholders and we believe that the company is well positioned to achieve this. Recent dividend history is as follows:

Full Financial Year dividend 2014: 2.75 cents per share fully franked Full Financial Year dividend 2015: 4.75 cents per share fully franked

1H 16 Results Presentation

Our half-year results presentation is available:

• Under the Shareholder Centre tab on our website: www.centuria.com.au or

• Under the following link: http://centuria.com.au/wp-content/uploads/2016/03/CNI-1H16Results-Presentation-1.pdf

In addition, a webcast of the CEO/CFO speaking to the presentation is available via the following link: http://edge.media-server.com/m/p/np5r79am

1H 16 Financial Highlights

• Net tangible assets (NTA) per share up 5.5% to $0.91

• Interim dividend of 2.25 cents per share up 12.5% on 1H15

• FY16 underlying profit guidance $9.0 - $10.5 million (FY15: $6.3 million)

• 14.6% growth in Group funds under management to $1.8 billion

1H 16 Divisional Highlights

• Unlisted Property division earns substantial fees from sale of 175 Castlereagh Street

• Centuria Metropolitan REIT increases asset value to $380 million, on track for further growth

• Property Funds divisions have strong acquisition pipeline with purchase of 203 Pacific Highway (St Leonards) for $86 million and Australian Technology Park (Sydney) $104 million, both with significantly over-subscribed equity raisings

• Gross inflows into Investment Bond division for period $35 million (1H15: $21 million)

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1H 16 Financial Summary

The FY16 underlying profit guidance of between $9.0 million and $10.5 million reflects the timing of several large transactions which will result in a greater proportion of earnings being recognised in the second half of FY16. Our full year underlying profit guidance is on track to achieve a record compared with the Company’s performance over the previous 10 years.

Statutory net profit after taxStatutory earnings per share (basic)Underlying net profit after taxUnderlying earnings per shareDividend per share	1H 161H 15Change (%)
	$5.7m$7.6m1(25.5)7.4c9.8c(24.5)$4.4m$5.4m(17.3)5.8c6.9c(15.9)2.25c2.0c12.5

• 1 The 1H15 statutory result included a substantial one-off gain from the sale of non-core assets.

Net assetsNet tangible assets per share	As at 31 Dec2015As at 30 June2015Change (%)
	$123m$119m3.1%$0.91c$0.86c5.5%

Strategic Initiatives Refreshed for 2016

Centuria will continue to focus on its core operations to drive increased shareholder wealth specifically to:

• Expand core business activities in scale and profitability

• Provide reliable, growing dividends

• Generate increased earnings per share

Thank you for your ongoing support. We look forward to reporting further on our progress over the current year.

Yours sincerely,

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John McBain Group CEO