OBJECTIVE CORPORATION LIMITED — AGM Information 2012

Nov 15, 2012

Objective

16 November 2012

The Manager
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
Sydney NSW 2000

Electronic Lodgement

Dear Sir / Madam

Re: Objective Corporation Limited - Results of AGM and Presentation

Objective Corporation Limited hereby advises the results of the 2012 annual general meeting of shareholders held at 10.00am today.

RESOLUTION	RESULT	NUMBER OF VOTES
		For	Against	Proxy's Discretion	Abstain
1. To adopt the Remuneration Report for the financial year ended 30 June 2012	Passed on a show of hands	3,167,150	4,000	-	-
2. Re-election of Mr N Kingsbury as a director	Passed on a show of hands	64,927,180	-	778,970	-

Also attached is the presentation to shareholders.

Yours faithfully

D. Barnes
Company Secretary

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AGM
NOVEMBER 2012.

CONNECTED.
COLLABORATIVE.
COMMUNITY.

Objective

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FINANCIAL RESULTS FY2012

• Net Profit After Tax of $4.6m (up 46%)
• Earnings per Share up 62% to 4.2 cps.
• Revenue of $39.7m (down 1%) - Asia Pacific Revenue $32.8m (up 3%) and European Revenue $6.1m (down 17%)
• R&D Investment of $9.1m (23% of revenue)
• Total Dividend increased by 67% to 2.5 cps – Final Dividend 2.0 cps (fully franked) and a Special Dividend 0.5 cps (unfranked)

CONNECTED. COLLABORATIVE. COMMUNITY.

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FINANCIAL RESULTS FY2012

• Balance Sheet
• Net Assets of $12.4m
• Cash & cash equivalents of $13.5m
• Receivables of $9.1m
• No external borrowings
• All Research & Development expensed

CONNECTED. COLLABORATIVE. COMMUNITY.

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FINANCIAL RESULTS FY2012

• Asia Pacific Operations
• Revenue up 3%
• New customers and penetration throughout AUS and NZ
• Awarded large strategic long-term contract with Australian Customs and Border Protection
• Customer upgrades Objective ECM

CONNECTED. COLLABORATIVE. COMMUNITY.

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FINANCIAL RESULTS FY2012

• European Operations
• Continuing challenging market conditions
• Austerity programs
• Large number of customer upgrades to Objective ECM

CONNECTED. COLLABORATIVE. COMMUNITY.

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FINANCIAL RESULTS FY2012

• Investment in R&D
• 23% of revenues invested in Innovation
• Release of Objective ECM 8.1
• Release of Objective Automated Email Capture (AEC)
• Announcement of Objective Connect

CONNECTED. COLLABORATIVE. COMMUNITY.

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FY2013 OUTLOOK

• Continued focus on Public Sector solutions, broadening
• Drive NPAT through focus on Software Revenue leverage
• Investment in Sales Execution in all territories
• Investment in Products & Innovation
• Evaluate growth & acquisition opportunities

CONNECTED. COLLABORATIVE. COMMUNITY.