EBOS GROUP LIMITED — Earnings Release 2019

Feb 19, 2019

EBOS GROUP LIMITED

Appendix 1

Results for announcement to the market

Reporting period		6 months to 31 December 2018	6 months to 31 December 2018
Previous reporting period		6 months to 31 December 2017
		Amount $AUD'000 (Unaudited)	Percentage change
Revenue from ordinaryactivities		3,496,498	-2.7%
Earnings before interest,tax,depreciation and amortisation(EBITDA)		122,566	-2.9%
Depreciation and amortisation		15,248	-3.2%
Earnings before interest and tax(EBIT)		107,318	-2.9%
Profit from ordinaryactivities after tax attributable to members		67,045	-4.1%
Netprofit for theperiod attributable to members		67,045	-4.1%
UnderlyingEarnings before interest,tax,depreciation and amortisation(EBITDA)		131,386	4.0%
UnderlyingNetprofit for theperiod attributable to members		72,664	4.0%
Earnings and diluted earningsper share(cents)		44.1	-4.1%
UnderlyingEarnings and diluted earningsper share(cents)		47.8	4.0%
Reconciliation of Reported vs UnderlyingEarnings
Reported Earnings before interest,tax,depreciation and amortisation(EBITDA)		122,566	-2.9%
Add back one-off costs(1)incurred duringtheperiod		8,820
UnderlyingEarnings before interest,tax,depreciation and amortisation(EBITDA)		131,386	4.0%
Reported Net Profit attributable to members		67,045	-4.1%
Add back one-off costs(1)incurred duringtheperiod,net of tax and non-controllinginterests		5,619
UnderlyingNet Profit attributable to the members of the Company		72,664	4.0%
Underlying EBITDA and Net Profit attributable to members are both non-GAAP measures representing earnings after the effects of one- off items. (1) One-off items comprise: M&A costs, warehouse transition and restructuring costs incurred, net of a gain on sale of excess land held duringtheperiod.
		Amount per	Imputed amount
		security	per security
Interim dividend(NZ centsper share)		34.50	3.35
Record date		15 March 2019
Payment date		5 April 2019
		This Year	Last Year
Net asset backing per share		$6.89	$6.86
Net tangible asset backing per share		-$0.76	-$0.38
Comments:
This report is based on the consolidated interim unaudited financial statements that have been the subject of a review by the Group's auditor, who has issued an unmodified review opinion on the interim financial statements for the period ended 31 December 2018. For further commentary on the Group's financial performance for the period, refer to the attached Results Presentation and Media release. It provides further detail and explanatory commentary on the operating and financial performance of the Group for the period ended 31 December 2018. The Company's dividend reinvestment plan ('DRP') will be operable for this dividend. The EBOS Board has approved a discount of 2.5% to the Volume Weighted Average Sales Price ('VWAP') for the shares to be issued under the DRP for the 2019 interim dividend. Other key dates for the 2019 interim dividend: DRP participation election date: 18 March 2019 DRP pricing period (calculation of VWAP): 18 March 2019 to 22 March 2019 (both inclusive) A copy of the DRP plan document is available on the Company's website www.ebosgroup.com.