MIRVAC GROUP — Interim / Quarterly Report 2019

Feb 6, 2019

MIRVAC GROUP

Appendix 4D

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For the half year ended 31 December 2018

(Previous corresponding period 31 December 2017)

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

					2018	2017
					$m	$m
Total revenue and other income		up	59%	to	1,562	984
Profit for the half year attributable to stapled securityholders		up	39%	to	648	465
Operating profit after tax1		up	26%	to	290	230
Distributions		Record date		Amount per security	Franked amount per security
Interim distribution payable on 28 February 2019	31 December 2018			5.3 cents		-
Interim distribution paid on 28 February 2018	31 December 2017			5.0 cents		-
Additional Information
Ratios					2018	2017
Profit before income tax / Total revenue and other income					43.1%	48.0%
Profit for the half year attributable to stapled security holders		/ Total equity			7.2%	5.6%
Earnings per stapled security (EPS)					2018	2017
Basic EPS				17.5 cents		12.5 cents
Diluted EPS2				17.5 cents		12.5 cents
Net tangible asset (NTA) backing per ordinary security					2018	2017
Excluding EIS securities					$2.44	$2.20
Including EIS securities					$2.44	$2.20

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 half year ended 31 December 2017 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.