MIRVAC GROUP — Earnings Release 2019

Aug 7, 2019

MIRVAC GROUP

Appendix 4E

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For the year ended 30 June 2019

(Previous corresponding period 30 June 2018)

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

						2019	2018
						$m	$m
Total revenue and other income	down		1%	to		2,778	2,802
Profit for the year attributable to stapled securityholders	down		6%	to		1,019	1,089
Operating profit after tax1		up	4%	to		631	608
				Amount		Franked amount
Distributions	Record		date	per security			per security
Interim distribution paid on 28 February 2019	31 December		2018	5.3	cents		-
Final distribution payable on 30 August 2019	28	June	2019	6.3	cents		-
Total distribution for the year				11.6	cents		-
Additional Information
Ratios						2019	2018
Profit before income tax / Total revenue and other income						38.6%	41.6%
Profit for the year attributable to stapled security holders	/ Total equity					10.3%	12.6%
Earnings per stapled security (EPS)						2019	2018
Basic EPS					27.6 cents		29.4 cents
Diluted EPS2					27.6 cents		29.4 cents
Net tangible asset (NTA) backing per ordinary security3						2019	2018
Excluding EIS securities						$2.50	$2.31
Including EIS securities						$2.50	$2.31

Results commentary

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

1 Operating profit after tax for the year ended 30 June 2018 has been restated to align with the new operating profit definition adopted on 1 July 2018.

2 Diluted EPS includes dilutive potential ordinary securities from security-based payments.

3 NTA excludes intangible assets and non-controlling interests.