EBOS GROUP LIMITED — Earnings Release 2020

Aug 19, 2020

Results announcement

==> picture [100 x 42] intentionally omitted <==

==> picture [121 x 76] intentionally omitted <==

(for Equity Security issuer/Equity and Debt Security issuer)

Results for announcement to the market
Name of issuer	EBOS Group Limited
Reporting Period	12 months to 30 June 2020
Previous Reporting Period	12 months to 30 June 2019
Currency	AUD
	Amount (AUD$000s)	Percentage change
Revenue from continuing operations	8,765,540	26.5%
Total Revenue	8,765,540	26.5%
Underlying net profit from continuing operations attributable to security holders1	168,323	16.5%
Net profit from continuing operations attributable to security holders	162,518	18.0%
Total net profit attributable to security holders	162,518	18.0%
Final Dividend
Amount per Quoted Equity Security	NZD$ 0.40000000
Imputed amount per Quoted Equity Security	NZD$ 0.03888889
Record Date	25 September 2020
Dividend Payment Date	9 October 2020
	Current period (AUD)2	Prior comparable period (AUD)
Net tangible assets per Quoted Equity Security	($1.10)	$0.42
A brief explanation of any of the figures above necessary to enable the figures to be understood	Refer to the audited consolidated financial statements, media release and results presentation for EBOS Group Limited for the financial year ended 30 June 2020, issued on 20 August 2020.
Authority for this announcement
Name of person authorised to make this announcement	Janelle Cain
Contact person for this announcement	Janelle Cain
Contact phone number	+61 3 9918 5370
Contact email address	Janelle.Cain@ebosgroup.com
Date of release through MAP	20 August 2020

Audited financial statements accompany this announcement.

1 Underlying net profit represents reported profit for the year adjusted for one-off items ($0.3m) and the impact of IFRS 16 ‘Leases’ ($5.5m). Refer to Appendix 1 for a reconciliation between reported and underlying earnings.

2 Current year Net Tangible Assets excludes $222.9m of right-of-use assets but includes $237.1m of lease liabilities in relation to the adoption of NZ IFRS 16 ‘Leases‘ .

Appendix 1:

Reconciliation of Reported vs Underlying Earnings	30 June 2020	30 June 2019	Change
(Audited)	AUD $000	AUD $000	%
Reported EBITDA	333,599	250,410	33.2%
Add back one-off costs incurred during the period1	2,600	11,212	(76.8%)
Deduct Impact of NZ IFRS 16_Leases_	(39,644)	-	>100%
Underlying EBITDA	296,555	261,622	13.4%
Reported Net Profit after Tax (NPAT) attributable to
owners of the Company	162,518	137,700	18.0%
Add back one-off costs incurred during the period1(net
of tax and after non-controlling interests)	336	6,736	(95.0%)
Add back Impact of NZ IFRS 16_Leases_after tax	5,469	-	>100%
Underlying Net Profit after Tax (NPAT) attributable to
owners of the Company	168,323	144,436	16.5%

Underlying EBITDA and Underlying Net Profit after Tax attributable to the owners of the Company are both non-GAAP measures which adjust for the effects of one-off items.

1 One-off items comprise M&A costs of $2.6m on a pre-tax basis, adjusted to $0.3m on a post-tax basis which is predominantly due to a legislative tax change in NZ in regards to the reintroduction of the tax deductibility of depreciation on buildings. 2019: One-off costs included transaction costs incurred on M&A, warehouse transition and restructuring costs, net of gain on sale from the disposal of surplus property,