EXCELSIOR CAPITAL LTD — Earnings Release 2016

Aug 17, 2016

Appendix 4E Preliminary final report

Rule 4.3A

Appendix 4E

Preliminary final report Full year ended 30 June 2016

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 2016 and the previous corresponding period 30 June 2015.

2. Results for announcement to the market

					$’000
2.1	Revenue from Ordinary Activities		~~up/~~down	37.1% to	$40,810
2.2	Profit (loss) from ordinary activities aftertax attributable to members		~~up/~~down	36.8% to	$3,446
2.3	Net profit (loss) before tax for the periodattributable to members		~~up/~~down	32.8% to	$4,830
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	Recorddateforentitlements to the dividend	determining	25	August 2016

• 2.6

• An explanation of CMI’s financial performance is as follows:

• Net profit after tax was $3.4 million for FY2016, a 36.8 percent decrease over $5.4m in FY2015. The prior year result includes one-off contributions from the resolution of the CMI Industrial loan receivable of $0. 9 million and the finalisation of the TJM divestment which contributed a net gain on disposal of approximately $0.5 million.

• Revenue for the Group was $40.8 million, a 37.1 percent decrease on the $64.9 million generated in FY2015. The prior year included revenues from TJM which was divested on 2 March 2015.

• CMI achieved an EBITDA of $5.3 million in FY2016 which is a decrease of 37.5 percent compared to $8.5 million in FY2015.

• Basic earnings per share was 9.90 cents per share, a decrease of 37.2 percent from 15.77 cents per share in FY2015. Diluted earnings per share was 9.83 cents per share, a decrease of 36.4% from 15.46 cents per share in FY2015.

• CMI had operating cash flow of $6.3 million in FY2016 reflecting a decrease on FY2015 of 34.7 percent.

• CMI’s balance sheet remains strong with nil borrowings and cash of $26.7 million at 30 June 2016. During the year a capital return of $0.30 per ordinary share was completed, totalling approximately $10.5m

• 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).

• 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 1.18 dollars Previous corresponding period 1.49 dollars

4. Control gained over entities having material effect

N/A

Loss of control of entities having material effect

Year	Name of entity (or group of entities)	Date loss of control	% Held
2016	Nil	Nil	Nil
2015	TJM Products Pty Ltd and subsidiaries	2 March 2015	0%

5. Final Dividends (distributions)

Date the dividend (distribution) is payable

8 September 2016

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 3.0 cents 100% 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: 18/08/2016 Sharyn Williams Company Secretary

• See chapter 19 for defined terms.

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