EBOS GROUP LIMITED — Earnings Release 2021

Aug 17, 2021

Results announcement

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(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 2021
Previous Reporting Period	12 months to 30 June 2020
Currency	AUD
	Amount (000s)	Percentage change
Revenue from continuing operations	$9,202,886	5.0%
Total Revenue	$9,202,886	5.0%
Underlying net profit from continuing operations attributable to security holders1	$188,164	15.5%
Net profit/(loss) from continuing operations	$185,297	14.0%
Total net profit/(loss)	$185,297	14.0%
Final Dividend
Amount per Quoted Equity Security	$ 0.46000000
Imputed amount per Quoted Equity Security	$ 0.04472222
Record Date	10 September 2021
Dividend Payment Date	24 September 2021
	Current period	Prior comparable period
Net tangible assets per Quoted Equity Security2	($0.73)	($1.10)
A brief explanation of any of the figures above necessary to enable the figures to be understood	Refer to the audited Consolidated Financial Report, Results Presentation and Results Media Release for EBOS Group Limited for the financial year ended 30 June 2021, issued on 18 August 2021.
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	18 August 2021

Consolidated Financial Statements accompany this announcement.

1 Underlying net profit represents reported profit for the period adjusted for one-off items in relation to merger and acquisition transaction costs incurred ($2.9m). Refer to Appendix 1 for reconciliation between reported and underlying earnings.

2 Net Tangible Assets excludes $222.4m (FY20: $222.9m) of Right of Use assets but includes $240.1m (FY20: $237.1m) of lease liabilities in relation to the adoption of NZ IFRS 16 ‘Leases’ .

Appendix 1:

Reconciliation of Reported to Underlying Earnings

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Reconciliation of Reported vs Underlying Earnings 30 June 2021 30 June 2020 Change
(Audited) AUD $000 AUD $000 %
Reported EBITDA 363,297 333,599 8.9%
Add back one-off items incurred during the period1 3,813 2,600 46.6%
Underlying EBITDA 367,110 336,199 9.2%
Reported EBIT 290,652 260,453 11.6%
Add back one-off items incurred during the period1 3,813 2,600 46.6%
Underlying EBIT 294,465 263,053 11.9%
Reported Net Profit after Tax (NPAT) attributable to owners
185,297 162,518 14.0%
of the Company
Add back one-off items incurred during the period1 (net of tax
2,867 336 752.3%
and after non-controlling interests)
Underlying Net Profit after Tax (NPAT) attributable to owners
188,164 162,854 15.5%
of the Company
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1 One-off items comprise merger and acquisition transaction costs of $3.8m (FY20: $2.6m) on a pre-tax basis and $2.9m (FY20: $0.3m) on a post-tax basis. FY20 post-tax one-off items include a legislative tax change in New Zealand in regard to the reintroduction of the tax deductibility of depreciation on buildings.

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