WEB TRAVEL GROUP LIMITED — Earnings Release 2018

Aug 22, 2018

Appendix 4E Preliminary final report For the period ended 30 June 2018

WEBJET LIMITED

And its controlled entities

ABN: 68 002 013 612

1. Results for announcement to the market

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Current % Amount
PCP
period Change of
FY18 FY17 change
Key Information ($ 000) ($ 000) ($ 000)
Revenues from ordinary activities 751,783 199,219 Up 277% 552,564
Gain on sale of subsidiary 0 28,039 Down (100%) (28,039)
Profit from ordinary activities
before tax attributable to members 58,565 61,596 Down (5%) (3,031)
Income tax (expense) / benefit (17,091) (9,174) Up (86%) (7,917)
Profit from ordinary activities after
tax attributable to members 41,474 52,422 Down (21%) (10,948)
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The Company has declared a final dividend of 12.0 cents per share fully franked, to be paid on 11 October 2018, an increase of 2.0 cents compared to the final dividend last year (20% increase), taking the full year dividend to 20.0 cents per share.

2. NTA backing

Current period Previous period Net tangible asset backing per ordinary security -$1.18 $0.78

3. Commentary on the financial results

Webjet today announced revenue increased 277% to $751.8 million, EBITDA increased $16.4 million to $86.3 million, a 23% increase over the same period. Profit-before-tax decreased 5% to $58.6 million. Net profit after tax was $41.5 million, 21% lower than prior corresponding period.

Reported result before tax includes expenses of $1.7 million from one-off items, including the $1.1 million of acquisition costs and $0.6m of financing costs associated with acquiring JacTravel.

The revenue from continuing operations increased 277% to $751.8 million; EBITDA increased 71% to $87.4 million and NPAT increased 30% to $43.2 million.

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…………………………………………. Date: 23 August 2018 Roger Sharp Chairman