EBOS GROUP LIMITED — Interim / Quarterly Report 2021

Feb 16, 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	6 months to 31 December 2020
Previous Reporting Period	6 months to 31 December 2019
Currency	AUD
	Amount (000s)	Percentage change
Revenue from continuing operations	$4,653,298	6.3%
Total Revenue	$4,653,298	6.3%
Underlying net profit from continuing operations attributable to security holders1	$94,346	14.2%
Net profit/(loss) from continuing operations	$92,865	13.7%
Total net profit/(loss)	$92,865	13.7%
Interim Dividend
Amount per Quoted Equity Security	$ 0.425
Imputed amount per Quoted Equity Security	$ 0.04131944
Record Date	5 March 2021
Dividend Payment Date	18 March 2021
	Current period	Prior comparable period
Net tangible assets per Quoted Equity Security2	($0.75)	($1.26)
A brief explanation of any of the figures above necessary to enable the figures to be understood	Refer to attached Results Presentation, Media Release and Letter to Shareholders
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	17 February 2021

Unaudited condensed consolidated interim financial statements accompany this announcement.

1 Underlying net profit represents reported profit for the period adjusted for one-off costs in relation to merger and acquisition transaction costs incurred ($1.9m). Refer to Appendix 1 for reconciliation between reported and underlying earnings.

2 Net Tangible Assets excludes $210.2m (H1 FY20: $228.4m) of Right of Use assets but includes $226.5m (H1 FY20: $240.7m) of lease liabilities recognised in accordance with NZ IFRS 16 ‘Leases’ .

Appendix 1:

Reconciliation of Reported vs Underlying	31 December 2020	31 December 2019	Change
Earnings	AUD $000	AUD $000	%
(Unaudited)
Reported EBITDA	182,219	167,205	9.0%
Add back one-off costs incurred during the period3	1,921	1,240	54.9%
Underlying EBITDA	184,140	168,445	9.3%
Reported EBIT	145,910	131,355	11.1%
Add back one-off costs incurred during the period3	1,921	1,240	54.9%
Underlying EBIT	147,831	132,595	11.5%
Reported Net Profit after Tax (NPAT)
attributable to owners of the Company	92,865	81,680	13.7%
Add back one-off costs incurred during the period3
(net of tax and after non-controlling interests)	1,481	969	52.8%
Underlying Net Profit after Tax (NPAT)
attributable to owners of the Company	94,346	82,649	14.2%

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 costs.

3 The six months to 31 December 2020 one-off costs comprise merger and acquisition transaction costs of $1.9m (2019: $1.2m) on a pre-tax basis ($1.5m (2019: $1.0m) on a post-tax basis).