MIRVAC GROUP — Earnings Release 2020

Feb 5, 2020

MIRVAC GROUP

Appendix 4D

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For the half year ended 31 December 2019

(Previous corresponding period 31 December 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		up	4%	to	1,618	1,562
Profit for the half year attributable to stapled securityholders		down	5%	to	613	648
Operating profit after tax		up	21%	to	352	290
Distributions		Record	date	Amount persecurity	Franked amountper security
Interim distribution payable on 28 February 2020	31 December 2019			6.1 cents		-
Interim distribution paid on 28 February 2019	31 December		2018	5.3 cents		-

Additional Information

Additional Information
Ratios	2019	2018
Profit before income tax / Total revenue and other income	39.5%	43.1%
Profit for the half year attributable to stapled security holders / Total equity	5.9%	7.2%
Earnings per stapled security (EPS)	2019	2018
Basic EPS	15.6 cents	17.5 cents
Diluted EPS1	15.6 cents	17.5 cents
Net tangible asset (NTA) backing per ordinary security2	2019	2018
Excluding EIS securities	$2.58	$2.44
Including EIS securities	$2.58	$2.44

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 excludes intangible assets, right-of-use assets and non-controlling interests.