MIRVAC GROUP — Earnings Release 2018

Feb 7, 2018

MIRVAC GROUP

Appendix 4D

==> picture [85 x 47] intentionally omitted <==

For the half year ended 31 December 2017

(Previous corresponding period 31 December 2016)

Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and its controlled entities (including Mirvac Property Trust (ARSN 086 780 645) and its controlled entities).

Results for announcement to the market

					2017	2016
					$m	$m
Total revenue and other income		down	28%	to	984	1,364
Profit for the half year attributable to stapled securityholders		down	8%	to	465	508
Operating profit after tax		down	7%	to	215	230
Distributions		Record date		Amount per security	Franked amount per security
Interim distribution payable on 28 February 2018	31 December 2017			5.0 cents		-
Interim distribution paid on 28 February 2017	31 December 2016			4.9 cents		-
Additional Information
Ratios					2017	2016
Profit before income tax / Total revenue and other income					48.0%	37.2%
Profit for the half year attributable to stapled security holders		/ Total equity			5.6%	6.8%
Earnings per stapled security (EPS)					2017	2016
Basic EPS				12.5 cents		13.7 cents
Diluted EPS1				12.5 cents		13.7 cents
1Diluted EPS includes dilutive potential ordinary securities from security-based payments.
Net tangible asset (NTA) backing per ordinary security					2017	2016
Excluding EIS securities					$2.20	$2.01
Including EIS securities					$2.20	$2.01

Results commentary

Commentary on the results is contained in the media release and the results presentation released to the Australian Securities Exchange (ASX).