EXCELSIOR CAPITAL LTD — Earnings Release 2016

Feb 18, 2016

CMI Limited ABN 98 050 542 553 485A Zillmere Road Zillmere Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3863 0667 Facsimile: (07) 3863 0795 Email: corporate@cmilimited.com.au Web: www.cmilimited.com.au

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ASX and Media Release

19 February 2016

CMI ANNOUNCES PROFIT OF $1.72 MILLION

CMI Limited (ASX: CMI) today announced a net profit after tax of $1.72 million for the half-year ended 31 December 2015, which is 8% lower than the prior comparative period (PCP) result to 31 December 2014. Key parameters of the results are:

• Revenue for the year of $21.2 million – a 45% decrease over H1FY15 largely due to the sale of the TJM business;

• Net profit after tax of $1.72 million for the half-year – an 8% decrease over H1FY15;

• An interim fully franked dividend of 3 cents per share declared – consistent with H1FY15;

• A solid operational cash flow of $1.3 million for the half-year;

• The balance sheet remains strong with $23 million of cash and no debt following the $10.5m Capital Return undertaken during the period;

• Opportunity for improved performance through organic expansion of CMI’s Electrical operations;

• CMI continues to look for investment opportunities.

The Company’s balance sheet is strong and operating cash flow was healthy. As a result, the Board

has declared an interim fully franked 3 cent dividend in accordance with the Board’s dividend payout policy of 60% of half-year NPAT, with a record date of 26 February 2016 and payable on 14 March 2016.

OUTLOOK

The outlook for CMI Electrical remains challenged by tough conditions in the coal mining sector and infrastructure markets.

BOARD OF DIRECTORS

The Board welcomed Mr Craig Green as a director of the Board during the month of February.

CMI Limited ABN 98 050 542 553 485A Zillmere Road Zillmere Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3863 0667 Facsimile: (07) 3863 0795 Email: corporate@cmilimited.com.au Web: www.cmilimited.com.au

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Summary financial metrics are included in the following table:

	H1FY16	H1FY15*	Change
	**$m **	**$m **
Revenue	21.2	38.3	(45%)
EBITDA	2.8	3.8	(28%)
EBITDA margin	13.0%	10.0%
Netprofit after tax	1.7	1.9	(8%)
Basic earningsper share(cents)	4.96	5.40	(8%)
Net operatingcash flow	1.3	1.9	(31%)
Dividendsper share(cents)	3.00	3.00
		Jun 16
Total assets	53.9	66.8
Total liabilities	4.2	6.2

* includes TJM Products Pty Ltd, divested 2 March 2015

CMI today released its Appendix 4D which is available to download from the company’s website (www.cmilimited.com.au).

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About CMI (ASX: CMI): Established in 1991, and listed on the ASX in 1993, CMI Limited’s operations comprise the design and distribution of electrical components and cables for resources and infrastructure applications through its CMI Electrical division.