EXCELSIOR CAPITAL LTD — Earnings Release 2014

Aug 20, 2014

Appendix 4E Preliminary final report

Rule 4.3A

Appendix 4E

Preliminary final report Full year ended 30 June 2014

Introduced 01/01/03 Origin: Appendix 4B Amended 17/12/10, 01/01/12.

CMI LIMITED ABN 98 050 542 553

1. The information contained in this report is for the full year ended 30 June 2014 and the previous corresponding period 30 June 2013.

2. Results for announcement to the market

					$’000
2.1	Revenue from Ordinary Activities		~~up/~~down	17.3% to	$92,391
2.2	Profit (loss) from ordinary activities after tax attributable to members		~~up/~~down	63.9% to	$3,547
2.3	Net profit (loss) before tax for the period attributable to members		~~up/~~down	63.7% to	$4,841
2.4	Dividends (distributions)		Amount per	Franked amount per
			security		security
	Interim dividend		3.0 cents		3.0 cents
	Final dividend		3.0 cents		3.0 cents
2.5	Record date for entitlements to the dividend	determining	1 September		2014

• 2.6

An explanation of CMI’s financial performance are as follows:

• Net profit after tax was $3.5 million for FY2014, a 63.9 percent decrease over FY2013.

• Revenue for the Group was $92.4 million, a 17.3 percent decrease on the $111.8 million generated in FY2013.

• CMI achieved an EBITDA of $6.8 million in FY2014 which is a decrease of 56.0 percent compared to $15.4 million in FY2013.

• Basic earnings per share was 10.29 cents per share, a reduction of 64.6 percent from 29.05 cents per share in FY2013.

• CMI had operating cash flow of $6.0 million in FY2014 reflecting a decrease on FY2013 of 44.3 percent.

• CMI’s balance sheet remains strong with negligible borrowings and cash of $6.7 million at 30 June 2014.

• The Board has declared a final dividend of 3 cents per share (100 percent franked) taking the full year dividend to 6 cents per share for the year (100 percent franked).

• A summary of all segment results can be found in the Annual Report at Note 26 Segment reporting.

• See chapter 19 for defined terms.

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Appendix 4E Preliminary final report

3. Net tangible assets per security with the comparative figure for the previous corresponding period.

Current period 1.31 dollars Previous corresponding period 1.36 dollars

4. Control gained over entities having material effect

Year	Name of entity (or group of entities)	Date control gained	% Acquired
2014	Nil	Nil	Nil
2013	Nil	Nil	Nil

Loss of control of entities having material effect

N/A

5. Final Dividends (distributions)

Date the dividend (distribution) is payable

15 September 2014

Amount per security

	Amount per	Franked amount	Amount per
	security	per security at	security of foreign
		30% tax	source dividend
Final dividend
- Current year	3.0 cents	100%	N/A
- Previous year	6.0 cents	100%	N/A
Interim dividend
- Current year	3.0 cents	100%	N/A
- Previous year	N/A	N/A	N/A

6. Dividends or distribution reinvestment plans

Not Applicable

7. Details of aggregate share of profits (losses) of associates and joint venture entities

Not applicable.

8. Australian Accounting Standards are utilised when compiling the report.

9. The accounts have been audited and are not subject to dispute or qualification.

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Signed: …………………………………………. Date: 21/08/2014 Sharyn Williams Company Secretary

• See chapter 19 for defined terms.

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