NANOSONICS LIMITED — Earnings Release 2020

Aug 24, 2020

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Appendix 4E

Preliminary Final Report – Results for Announcement to the Market

Name of entity:

NANOSONICS LIMITED

ABN 11 095 076 896

Year ended:

30 June 2020

Nanosonics Limited (the Company) gives the following information to ASX under listing rule 4.3A and Appendix 4E.

1 Reporting period: Year ended 30 June 2020

Prior corresponding period: Year ended 30 June 2019

2 Results for announcement to the market

	Results for announcement to the market	Results for announcement to the market	Results for announcement to the market
	Revenue Earnings before interest and taxes Operating income before income tax Profit from ordinary activities after tax attributable to members Netprofit for theperiod attributable to members	% change Up 18.7% Down 24.7%1 Down 26.0%2 Down 25.5%3 Down 25.5%3	$’000 to 100,054 to 11,671 to 12,459 to 10,137 to 10,137
	Dividends	Amount per security	Franked amount per security
	Interim dividend paid per share Final dividend paid per share Dividends proposed per share Record date for entitlement to dividendproposed	- - - n/a	- - - n/a
	Net Tangible Asset Backing	30 June 2020	30 June 2019
	Net tangible asset backing per ordinary security on issue atperiod end:	37.29 cents4	32.16 cents

1. In the prior corresponding period, the Company had an operating profit before interest and taxes of $15,502,000 compared to this period’s $11,671,000 earnings before interest and taxes.

2. In the prior corresponding period, the Company had an operating profit before tax of $16,830,000 compared to this period’s $12,459,000 operating profit before tax.

3. In the prior corresponding period, the Company had a consolidated profit after tax of $13,602,000 compared to this period’s $10,137,000 consolidated profit after tax.

4. For the period ended 30 June 2020, the company has included the right-of-use asset in its calculation due to the change of significant accounting policy of AASB16 – Leases that commenced on 1 July 2019. Refer to Note 1.2(i) in the financial statements. If the right-of-use asset was excluded, the net tangible asset backing per ordinary security on issue at period end would have been 36.53 cents.

Appendix 4E - Preliminary Full Year Report Year ended 30 June 2020

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The Nanosonics Limited audited Annual Report for the year ended 30 June 2020 accompanies this announcement.

Additional Appendix 4E disclosure requirements can be found in the Directors’ report, the review of operations and the 30 June 2020 financial statements and accompanying notes in the Annual Report.

Where applicable, the Annual Report includes information per items 3 to 16 below:

• 3 Consolidated statement of profit or loss and other comprehensive income together with notes to the statement, prepared in compliance with AASB 101 Presentation of Financial Statements.

• 4 Consolidated statement of financial position together with notes to the statement.

• 5 Consolidated statement of cash flows together with the notes to the statement, prepared in compliance with AASB 107 Statement of Cash Flows.

• 6 Consolidated statement of changes in equity showing retained earnings / (accumulated losses) and movements during the year.

• 7 Details of dividends are shown in the Directors’ report and in note 2.6 to the financial statements. No dividends were proposed, declared or paid during the reporting period and the prior corresponding period.

• 8 No dividend or distribution reinvestment plans operated during the reporting period and the prior corresponding period.

• 9 Net tangible assets per security with the comparative figure for the prior corresponding period is noted in the table in item 2 above.

• 10 During the period, Nanosonics Investments Pty Ltd was formed as a wholly-owned subsidiary of Nanosonics Limited. No control has been gained or lost over any other entities during the period ended 30 June 2020.

• 11 The entity had no associates or joint venture entities during the period or the prior corresponding period.

• 12 Other significant information is available in the Annual Report for the year ended 30 June 2020 that accompanies this announcement.

• 13 Nanosonics Limited is an Australian company which applies Australian Accounting Standards and

• also complies with International Financial Reporting Standards.

• 14 A commentary on the results for the period is available from the review of operations included in the CEO’s report on pages 6 to 13, the Regional highlights on pages 14 to 19 and the Directors’ report on page 28 to 33 of the Annual Report. Other relevant information is as follows:

• 2020 2019

• 14.1 Earnings per share cents cents Basic earnings per share 3.37 4.54 Diluted earnings per share 3.33 4.49

• Details of earnings per share are shown in note 2.5 to the financial statements.

• 14.2 There were no returns to shareholders during the period or the prior corresponding period.

• 14.3 Significant features of operating performance are included in the Annual Report.

• 14.4 The entity has one business segment, being healthcare equipment and operates in three geographical regions – North America, Asia Pacific, and Europe and the Middle East. Segment information is included in note 2.2 to the financial statements.

• 15 The financial statements included in the Annual Report have been audited and the Auditor’s report appears on pages 95 to 99.

• 16 The financial statements included in the Annual Report are not subject to audit dispute or qualification.

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Appendix 4E - Preliminary Full Year Report Year ended 30 June 2020

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Directors’ resolution

The information set out above and in the Annual Report accompanies this announcement is provided to ASX in accordance with a resolution of the directors dated 25 August 2020.

Signed: Date: 25 August 2020

Print name: McGregor Grant CFO and Company Secretary

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