LASERBOND LIMITED — Earnings Release 2020

Aug 17, 2020

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APPENDIX 4E

RESULTS FOR ANNOUNCEMENT TO THE MARKET

	Year To 30th		Year To 30th
	June 2020		June 2019
Revenues from ordinary activities	$22,177,264	Down 2.2% from	$22,667,200
Net Profit from Ordinary Operating Activities after
Tax Attributable to Members	$2,805,061	Down 0.2% from	$2,809,404
Net Profit Attributable to Members	$2,805,061	Down 0.2% from	$2,809,404
Earnings per share (cents) from profit attributable to	2.940c	Down 1.1%	2.972c
members
Net Tangible Assets per Ordinary Share (NTA	12.80c	Up 20.8% from	10.60c
Backing - cents)
Note:
(a) As at 30thJune 2020 total number of shares issued were 95,414,650		compared to 94,539,442 as at 30th
June 2019.
(b) Net tangible asset backing per ordinary shares as at 30 June 2020 includes right of use assets and lease
liabilities.

Dividend Information

	Amount Per		Franked
Dividends	Share(cents)	Total	Amount	Record Date	Payment Date
Interim	0.5	$473,634	100%	13 March 20	3 April 20
Final	0.6	$568,416	100%	11 September 20	9 October 20
		$1,042,050

Since year end the Board has considered the group’s needs for cash to fund growth and resolved to increase dividends with the payment of a final 2020 dividend of 0.6 cents per share, fully franked based on tax paid at 27.5%. With the continued growth that is forecast, the Board expects to be able to continue to pay dividends. As the Board resolution regarding the final dividend was made after 30 June 2020, it will be paid from retained earnings but is not recognised as a liability in the financial statements at year end.

Dividend Reinvestment Plan

During the period LaserBond Limited had a Dividend Reinvestment Plan (DRP) in operation. Under the DRP shareholders may elect to have dividends on some or all of their ordinary shares automatically reinvested in additional LaserBond shares, at a discount to the market price. Full details of the operation of the DRP are contained in the Terms and Conditions available on the LaserBond website: http://www.laserbond.com.au/investorrelations.html.

The Board has resolved to offer the DRP for the 2020 Final Dividend. The discount applied to the Market Price determined in accordance with the DRP Terms and Conditions will be 5%.

In order to participate in the DRP for this dividend, shareholders that have not already done so should return a completed DRP Application Form to arrive at the share registry (Boardroom Pty Ltd) by 11 September 2020. The form will be mailed shortly to all shareholders that have not already submitted a completed form. The form is also available on our website: http://www.laserbond.com.au/investor-relations.html. Shareholders that have already returned the form need not complete another, unless a change in the level of participation is being requested.

Cash dividends are paid by electronic funds transfer. In order to receive the dividend in cash (either fully or in part), shareholders that have not already done so must ensure the share registry (Boardroom Pty Ltd) has received their Australian bank account details by 11 September 2020. The form will be mailed shortly to all shareholders that have not already submitted a completed form. Shareholders that have already returned the form need not complete another. The form is also available on our website: http://www.laserbond.com.au/investor-relations.html.

Brief Explanation of Results:

Please refer to the CEO’s Review of Operations on pages 10 to 18 of the annual report lodged immediately after this announcement for detail on revenue and operating results, including development plans to ensure future growth and profits.

Preliminary Statement of Profit or Loss and Other Comprehensive Income

Refer to page 29 and accompanying notes from page 33 of the annual report lodged immediately after this announcement.

Preliminary Statement of Financial Position

Refer to page 30 and accompanying notes from page 33 of the annual report lodged immediately after this announcement

Preliminary Statement of Cash Flows

Refer to page 31 and accompanying notes from page 33 of the annual report lodged immediately after this announcement

Preliminary Statement of Retained Earnings

Refer to page 32 and accompanying notes from page 33 of the annual report lodged immediately after this announcement

Details of Subsidiaries

During the period from 1[st] July 2019 to 30[th] June 2020, LaserBond Limited has not gained or lost control over any entities.

Details of Associates and Joint Venture Entities

During the period from 1[st] July 2019 to 30[th] June 2020, LaserBond Limited has no interest in any Associates or Joint Venture Activities.

Accounting Standards

Australian Accounting Standards, including Australian equivalents to International Financial Reporting Standards (AIFRS) have been used in compiling the information contained in this Appendix 4E.

Audit Disputes or Qualifications

This report is based on accounts which have been audited. Please refer to Note 1 of the Annual Report lodged immediately after this announcement from page 33 for details.