EBOS GROUP LIMITED — Earnings Release 2018

Aug 22, 2018

EBOS GROUP LIMITED

Appendix 1 Results for announcement to the market

Reporting period	12 months to 30 June 2018	12 months to 30 June 2018	12 months to 30 June 2018
Previous reporting period	12 months to 30 June 2017
	Amount $NZ'000 (Audited)	Percentage change (actual FX rates)	Percentage change (constant FX rates)
Revenue from ordinaryactivities	7,609,488	-0.2%	-2.5%
EBITDA	272,383	16.2%	13.6%
Depreciation and amortisation	34,735	34.5%	31.2%
Earnings before interest and tax(EBIT)	237,648	13.9%	11.4%
Profit before tax	214,927	13.4%	10.9%
Profit from ordinaryactivities after tax attributable to members	149,564	12.2%	9.7%
Netprofit for theperiod attributable to members	149,564	12.2%	9.7%
Earnings and diluted earningsper share(cents)	98.5	12.1%	9.6%
Reconciliation of Reported vs UnderlyingEarnings
Reported Net Profit attributable to members	149,564	12.2%	9.7%
Add transaction costs incurred on acquisitions during the year (after non- controlling interests)*	-
UnderlyingNet Profit attributable to the members of the Company	149,564	7.9%	5.5%
* In 2017 the Companyrecognised one-off acquisition transaction costs of$5.297m. No such costs have been recognised in 2018.
UnderlyingEarnings and diluted earningsper share(cents)	98.5	7.8%	5.4%

Underlying Net Profit attributable to members is a non-GAAP measure representing Net Profit attributable to the members of the Company after the effects of non-recurring items.

		Amount per	Imputed amount
		security	per security
Dividend(centsper share)		35.5	3.45
Record date		28 September 2018
Payment date		12 October 2018
		Thisyear	Last year (actual FX rates)
Net asset backing per share		$7.97	$7.59
Net tangible asset backing per share		($0.36)	($0.61)
Comments:
This report is based on the attached audited consolidated financial statements for the year ended 30 June 2018, that have been subject to an independent audit by the Group's auditor who has issued an unmodified opinion. For further commentary on the Group's financial performance for the year, refer to the attached Results Presentation and Media release. It provides detail and explanatory commentary on the operating and financial performance of the Group for the year ended 30 June 2018. The Company's dividend reinvestment plan ('DRP') will not operate for this dividend.