MIRVAC GROUP — Earnings Release 2020

Aug 19, 2020

MIRVAC GROUP

Appendix 4E

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For the year ended 30 June 2020

(Previous corresponding period 30 June 2019)

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

					2020	2019
					$m	$m
Total revenue and other income	down	17%	to		2,312	2,778
Profit for the year attributable to stapled securityholders	down	45%	to		558	1,019
Operating profit after tax	down	5%	to		602	631
			Amount		Franked amount
Distributions	Record	date	per security			per security
Interim distribution paid on 28 February 2020	31 December	2019	6.1	cents		-
Final distribution payable on 14 September 2020	30 June 2020		3.0	cents		-
Total distribution for the year			9.1	cents		-
Additional Information
Ratios					2020	2019
Profit before income tax / Total revenue and other income					25.2%	38.6%
Profit for the year attributable to stapled security holders / Total equity					5.5%	10.3%
Earnings per stapled security (EPS)					2020	2019
Basic EPS				14.2 cents		27.6 cents
Diluted EPS1				14.2 cents		27.6 cents
Net tangible asset (NTA) backing per ordinary security2					2020	2019
Excluding EIS securities					$2.54	$2.50
Including EIS securities					$2.54	$2.50

Results commentary

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

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

2 NTA as at 30 June 2020 excludes intangible assets of $102m, right-of-use assets of $21m and non-controlling interests of $51m.