EBOS GROUP LIMITED — Interim / Quarterly Report 2015

Feb 24, 2015

EBOS GROUP LIMITED Appendix 1 Results for announcement to the market

Reporting period	6 months to 31 December 2014	6 months to 31 December 2014	6 months to 31 December 2014
Previous reporting period	6 months to 31 December 2013
	Amount $NZ'000 (Unaudited)	Percentage change (actual FX rates)	Percentage change (constant FX rates)
Revenue from ordinary activities	3,119,873	4.0%	6.1%
EBITDA	100,345	5.9%	8.1%
Depreciation and amortisation	11,866	4.6%	6.9%
Earnings before interest and tax (EBIT)	88,479	6.0%	8.2%
Profit from ordinary activities after tax attributable to members	53,949	9.2%	11.5%
Net profit for the period attributable to members	53,949	9.2%	11.5%
Earnings and diluted earnings per share (cents)	36.2	6.5%	8.7%
		Amount per	Imputed amount
		security	per security
Dividend		22c	2.57c
Record date		13 March 2015
Payment date		2 April 2015
	This year	Last year (actual FX rates)	Last year (constant FX rates)
Net asset backing per share	669c	651c	645c
Net tangible asset backing per share	39c	49c	47c
Comments:
This report is based on the attached 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 2014. In a presentation change in the current period interest revenue of $1,192,000 (December 2013: $1,461,000) is now included within net finance costs rather than revenue. Comparative information has also been presented on a similar basis for consistency. For further commentary on the Group's financial performance for the period, 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 period ended 31 December 2014. 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 2015 interim dividend. Other key dates for the 2015 interim dividend: DRP participation election date: 16 March 2015 DRP pricing period (calculation of VWAP): 16 March 2015 to 20 March 2015 (both inclusive) A copy of the DRP plan document is available on the Company's website www.ebosgroup.com.