MIRVAC GROUP — Interim / Quarterly Report 2014

Feb 19, 2014

Appendix 4D – Half Year Report

MIRVAC GROUP

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).

For the half year ended 31 December 2013

(Previous corresponding period 31 December 2012)

Results for Announcement to the Market

				$m
Total revenue from continuing operations and other income	Up	36%	to	978.8
Profit attributable to the stapled securityholders of Mirvac	Up	346%	to	246.1
Operating profit (profit before specific non-cash and significant	Up	3%	to	200.2
items) attributable to the stapled security holders of Mirvac

		Franked
	Amount	amount per
Dividends (distributions)	per security	security	Record date
4.20 cents per stapled security paid on 25 January 2013	4.20 cents	-	31 December 2012
(unfranked distribution)
4.40 cents per stapled security paid 27 February 2014	4.40 cents	-	31 December 2013
(unfranked distribution)
Total distribution for the halfyear	4.40 cents	-

Other information relating to the financial statements

1. Ratios

	2012	2013
Profit from continuing operation before income tax / total revenue from continuing	(4.4%)	25.2%
operations and other income
Profit attributable to the stapled security holders of Mirvac / Total equity	1.0%	4%

1

Results for Announcement to the Market

2. Earnings per stapled security (“EPS”)

	2012	2013
Basic EPS1	1.6 cents	6.7 cents
Basic EPS before specific non-cash and significant items1	5.7 cents	5.5 cents
Diluted EPS2	1.6 cents	6.7 cents
Diluted EPS before specific non-cash and significant items2	5.7 cents	5.5 cents
Weighted average number of securities used in calculating basic	3,418,523,404	3,660,032,380
earnings per security
Weighted average number of securities used in calculating diluted	3,424,595,248	3,664,938,678
earningsper security

1 EPS excludes securities issued under the Employee Incentive Scheme (“EIS”).

2 EPS includes securities issued under the EIS, but excludes options and rights issued.

3. NTA Backing

		2012	2013
Net tangible asset backing per ordinary security – excluding	EIS securities	$1.64	$1.65
Net tangible asset backing per ordinarysecurity– including	EIS securities	$1.64	$1.65

4. Distribution Reinvestment Plan (“DRP”)

Last election date for the DRP - 31 December 2013

Discount rate & methodology - Stapled Securities will be issued under the DRP at discount of 1.0 per cent to the arithmetic average (rounded to the nearest cent) of the daily volume weighted average market price per Stapled Security (rounded to four decimal places) traded on the ASX during the 15 trading days commencing on the second trading day following the Record Date. As notified on 24 January 2014, the DRP issue price will be $1.7084 per stapled security.

2