IGNITE LIMITED — Interim / Quarterly Report 2008

Feb 24, 2009

Half Year Results Period Ending 31[st ] December 2008 Geoff Moles, Executive Chairman

Clarius Brands and Locations

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Agenda

• Overview

• Financial Results

• Market Conditions

• Response to Market Conditions

• Looking Ahead

Overview

• Challenging economic climate

• Demand for contract & temporary recruitment remains steady across all our brands

• Demand for IT services in our JAV IT business remain steady

• Demand for permanent recruitment impacted by economic decline

• Solid platform to manage business through downturn

Financial Results

$m	H1 08	H1 07
Revenue	$157.1	$163.0
Net profit after tax before one off costs and impairment of goodwill	$1.9	$6.1
One off costs after tax	$(0.9)	$(0.8)
Impairment of goodwill after tax	$(10.1)	-
Net profit after tax	$(9.1)	$5.3
Earnings per share (cents)	(15.6 cents)	9.6 cents
Debt to equity	26%	14%

Contractor Numbers

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Market Conditions

• Economic slowdown impacting employment market

• Unemployment expected to increase

• Reduction in permanent hiring leads to contract opportunities

• Clarius’ diverse revenue streams to minimise our exposure to the financial sector

Response to Market Conditions

• Adapted rapidly to current conditions

• Tight cost control implemented

• Right Sizing and Restructure

• Non billing staff reduced by 10% (40 heads)

• Annualised saving $4 million

• Process continued since 1 January – Further annualised savings >$1.5m

• Productivity improvements

Looking Ahead

• Leaner organisation with strong capability intact to deliver all services

• Focussed on maintaining and enhancing client relationships

• Well positioned when market recovers

• Restructure and initiatives around brands

• Opportunities for growth emerging

• Focus on cash flow and debt reduction

Disclaimer

• The material herein is a presentation of non-specific background information about Clarius Group Limited’s current activities.

• It is information given in summary form and does not purport to be complete.

• Investors or potential investors should seek their own independent advice.

• This material is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of a particular investor.