CSL Ltd. — Interim / Quarterly Report 2012

Jun 18, 2013

For immediate release 19 June 2013

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– CSL Limited Changes to Segment Reporting

In February 2013, the Company announced the completion of the reorganisation of its Australian Operations which took effect from 1 January 2013 and advised that financial reporting reflecting this new organisational structure would be shown in the segment reporting commencing with the FY2013 results. These will be announced on 14 August 2013.

To assist investors during the transition to the new segment reporting structure the Company is today lodging with the Australian Securities Exchange the revised segment disclosures for the financial year ended 30 June 2012 and the half year ended 31 December 2012.

The attached segment disclosures are unaudited but have been subject to Agreed Upon Procedures carried out by Ernst & Young. We expect these to form the prior comparable period disclosures in Note 2 of the CSL Group Financial Statements for the full year ended 30 June 2013 (to be audited by Ernst & Young) and the half year ended 31 December 2013 (to be reviewed by Ernst & Young).

A description of the changes to the segment structure is included in the attached notes.

For further information, please contact:

Investor Contact: Mark Dehring Head of Investor Relations CSL Limited Telephone: +613 9389 2818 Email: mark.dehring@csl.com.au

Media Contact: Sharon McHale Snr Director, Public Affairs CSL Limited Mobile: +614 0997 8314 Email: sharon.mchale@csl.com.au

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Segment Information

Description of Segments

Reportable segments are:

• CSL Behring – manufactures, markets and develops plasma therapies (plasma products and recombinants).

• bioCSL – manufactures and distributes biotherapeutic products.

• CSL Intellectual Property – revenue and associated expenses from the licensing of Intellectual Property generated by the Group to unrelated third parties and Research & Development expenses on projects where the company has yet to determine the ultimate commercialisation strategy.

Geographical areas of operation

The Group operates predominantly in four specific geographic areas: Australia, the United States of America, Switzerland, and Germany. The rest of the Group’s operations are spread across many countries and are collectively disclosed as ‘Rest of World’.

Segment Accounting Policies

Inter-segment sales are carried out on an arm’s length basis and reflect current market prices. Segment accounting policies are the same as the Group’s policies described in note 1 to the CSL Financial Statements. During the financial year, there were no changes in segment accounting policies.

Restatement of prior year comparables

The company undertook an internal reorganisation of its Australian business with effect from 1 January 2013.

With effect from that date the Australian plasma operations of the company were integrated with CSL Behring and bioCSL was established as a standalone business focussing on the manufacturing and supply of biotherapeutic products. Previously both operations had been components of the Other Human Health segment.

The final component of the Other Human Health segment was Research & Development expenses on projects where the company had yet to determine the ultimate commercialisation strategy. Expenses relating to these projects are now included in a new segment ‘CSL Intellectual Property’. This new segment incorporates income generated by the Group from the commercialisation of Intellectual Property with unrelated third parties. This was previously reported in the Intellectual Property Licensing segment.

The new definition has been applied to the full financial year ended 30 June 2012 as if the changes in structure had been effective from 1 July 2011, this has been done to facilitate comparability over multiple reporting periods.

12 months to June 2012

	CSL BehringbioCSLCSL IntellectualPropertyIntersegmentElimination	ConsolidatedGroup
	US$mUS$mUS$mUS$m4,193.4423.0------5.17.9141.4-	US$m4,616.4-154.4
Intersegment SalesOther Revenue / Other Income (excl interest income)Total Segment RevenueSales to External Customers
	4,198.5430.9141.4-	4,770.842.70.0
Interest IncomeUnallocated Revenue / IncomeConsolidated Revenue
		4,813.51,309.4(41.6)
	1,273.422.014.0-
Segment EBIT
Unallocated revenue / income less unallocated costsConsolidated EBIT
		1,267.842.7(40.5)
Interest Income
Finance Costs
Consolidated Profit Before Tax		1,270.0(246.1)
Income Tax Expense
Consolidated Net Profit After Tax
		1,023.9
		29.7137.1
Amortisation	29.7---116.612.28.3-
DepreciationSegment EBITDA
	1,419.734.222.3-	1,476.2(41.6)11.2
Unallocated revenue / income less unallocated costsUnallocated D&AConsolidated EBITDA
		1,445.8

6 months to December 2012

	CSL BehringbioCSLCSLIntellectualPropertyIntersegmentElimination	ConsolidatedGroup
	US$mUS$mUS$mUS$m2,232.8249.5------2.010.171.9-	US$m2,482.3-84.0
Intersegment SalesOther Revenue / Other Income (excl interest income)Total Segment RevenueSales to External Customers
	2,234.8259.671.9-	2,566.317.10.3
Interest IncomeUnallocated Revenue / IncomeConsolidated Revenue
		2,583.7819.6(33.9)
	796.412.211.0-
Segment EBIT
Unallocated revenue / income less unallocated costsConsolidated EBIT
		785.717.1(24.4)
Interest Income
Finance Costs
Consolidated Profit Before Tax		778.4(151.5)
Income Tax Expense
Consolidated Net Profit After Tax
		626.9
		14.775.6
Amortisation	14.7---57.913.54.2-
DepreciationSegment EBITDA
	869.025.715.2-	909.9(33.9)7.5
Unallocated revenue / income less unallocated costsUnallocated D&AConsolidated EBITDA
		883.5