HANSEN TECHNOLOGIES LIMITED — Interim / Quarterly Report 2023

Feb 21, 2023

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Appendix 4D

(pursuant to ASX Listing Rule 4.2A.3)

Half-year Report for the six months ended 31 December 2022

Hansen Technologies Limited

ABN 90 090 996 455

Reporting period Previous corresponding period

31 December 2022 31 December 2021

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Half-year ended 31 December (consolidated)

	Half-year ended 31 December (consolidated)
	2022 Movement 2021 $A’000s $A’000s (%) $A’000s
Revenue from ordinary activities Profit from ordinary activities after tax attributable to members Statutory net profit after tax attributable to members Underlying net profit after tax attributable to members (NPATA)(1,3)	149,109 ▲ 228 0% 148,881 16,178 ▼ (7,181) (31%) 23,359 16,178 ▼ (7,181) (31%) 23,359 23,976 ▼ (7,797) (25%) 31,773
Statutory operating profit before income tax expense Add back: Depreciation and amortisation Net foreign exchange (gains)/losses Net finance costs EBITDA(2) Add back: Net one-off costs Underlying EBITDA(2,3)	20,976 ▼ (9,243) (31%) 30,219 21,920 ▲ 916 4% 21,004 (900) ▼ (1,450) (264%) 550 2,445 ▲ 276 13% 2,169 44,441 ▼ (9,501) (18%) 53,942 596 ▲ 290 95% 306 45,037 ▼ (9,211) (17%) 54,248

(1) NPATA is a non-IFRS term, defined as net profit after tax, excluding tax-effected amortisation of acquired intangibles.

(2) EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, and excluding net foreign exchange losses/gains.

(3) Underlying EBITDA and underlying NPATA excludes separately disclosed items, which represent the one-off costs during the period. Further details of the separately disclosed items are outlined in Note 3 to the Financial Report.

Dividends

		Amount per share	Franked amount per share
		(cents)	(cents)
	2022 interim dividend (paid 21 March 2022)	7.0	3.5
	2022 final dividend (paid 21 September 2022)	5.0	1.5
	2023 interimdividend (to be paid 21 March 2023)	5.0	0.0
2023 interim dividend
	Record date for determining entitlements to the dividend		27 February 2023
	Last date for receipt of election notices for participation in the dividend or DRP		28 February 2023
	Payment date		21 March 2023
	The conduit foreign income component of this dividend	is $10.1m.

Dividend Reinvestment Plan (DRP)

A Dividend Reinvestment Plan has been established to provide shareholders with the opportunity to reinvest dividends in new shares rather than receiving cash. Detail of Hansen’s Dividend Reinvestment Plan including the share pricing methodology is available on line at https://hansencx.com/about/investor-relations. The price for shares to be applied for in accordance with the DRP plan for this dividend shall be the full undiscounted value as prescribed by the plan.

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Net tangible assets per security

Net tangible assets per security
	Half-year ended 31 December (consolidated)
	2022	2021
**Net tangible assetsper security **	5.6 cents	(7.7)cents

The Group’s asset base has a large portion of intangible assets associated with our software and goodwill from acquisitions. These intangibles, combined with our borrowing base which has reduced during the year following debt repayments, resulted in a positive net tangible asset backing per security position as at 31 December 2022.

Other information

During the financial period, a partnership controlled by the Group was dissolved by operation of law and Hansen Technologies Canada Inc, a subsidiary incorporated in Canada now carries on the business. Further details are disclosed in Note 10 of the attached financial report.

Additional Appendix 4D disclosure requirements can be found in the notes to the half-year financial report and the Directors’ Report for the half-year ended 31 December 2022. Information should be read in conjunction with Hansen Technologies Limited’s 2022 Annual Report and the attached half-year financial report.

This report is based on the consolidated half-year financial report ended 31 December 2022 which has been reviewed by RSM Australia Partners with the Independent Auditor’s Review Report included in the half-year financial report.