EBOS GROUP LIMITED — Interim / Quarterly Report 2017

Feb 21, 2017

EBOS GROUP LIMITED Appendix 1

Results for announcement to the market

Reporting period		6 months to	6 months to	31 December 2016
Previous reporting period		6 months to		31 December 2015
	Amount	Percentage		Percentage
	$NZ'000	change		change
	(Unaudited)	(actual FX rates)		(constant FX rates)
Revenue from ordinary activities	3,960,204	17.2%		20.6%
Earnings before interest, tax, depreciation and amortisation (EBITDA)	119,868	5.4%		9.0%
Depreciation and amortisation	12,334	0.2%		3.5%
Earnings before interest and tax (EBIT)	107,534	6.0%		9.6%
Profit from ordinary activities after tax attributable to members	69,269	7.9%		11.7%
Net profit for the period attributable to members	68,785	7.2%		10.9%
Underlying Net profit for the period attributable to members	70,237	9.5%		13.2%
Earnings and diluted earnings per share (cents)	45.4	6.7%		10.4%
Reconciliation of Reported vs Underlying Earnings
Reported Net Profit attributable to members	68,785	7.2%		10.9%
Add transaction costs incurred on the Terry White Chemmart merger
(after non-controlling interests)	1,452
Underlying Net Profit attributable to the members of the Company	70,237	9.5%		13.2%
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
Interim dividend (cents per share)		30.00	2.92
Record date			17 March 2017
Payment date			7 April 2017
			Last year
		This year	(actual FX rates)
Net asset backing per share		$7.43	$7.07
Net tangible asset backing per share		$0.40	$0.28

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 2016.

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 2016.

The Company's dividend reinvestment plan will not operate for this dividend.