Sales improvement in 2Q compared with the 10% decline reported for 1Q.
Mixed domestic and export market results.
Vehicle availability continues to constrain sales in Australia and UK but is improving.
Profit before tax at 19.0% of sales revenue.
Results affected by sales revenue decline, fixed cost base and inflationary pressures.
Sales price increases lagging cost inflation but taking effect.
Increase in effective tax rate due to profits generated in higher taxing jurisdictions.
Earnings per share of 57.9 cents, down 31.4% on 1H FY2021.
3 / 22
FINANCIAL RESULTS: 1H FY2023
GROUP SALES BY CHANNEL
R
M
P
M
E
A
I
E
T
R
R
T
U
N
F
Q
T
K
O
A
E
E
T
P
-11.
N
L
X
A
A
E
N
I
L
+2.7%
-8.8%
-36.9%
I
G
A
R
I
R
T
O
S
U
60%
A
40%
10%
53.1%
57.4%
38.4%
36.9%
7.5%
30%
8.5%
40%
20%
5%
5.7%
20%
10%
2.5%
0%
0%
0%
1H FY 2022
1H FY 2023
1H FY 2022
1H FY 2023
1H FY 2022
1H FY 2023
Growth achieved in challenging environment.
Fitting resources remain a key constraint. Vehicle availability and scheduling remain challenging.
Decline in export sales growth following sustained high growth.
Consumer demand in export markets remains healthy.
Wholesale customers selling through higher inventory holdings.
Changes in US distribution channels remain concerning, but create opportunities.
Boosted by initial order quantities in 1H FY2022.
Sales in 2H FY2023 are projected to be in line with the previous corresponding period - returning to growth in FY2024.
No reduction in contracts to OEMs supplied by ARB.
4 / 22
FINANCIAL RESULTS: 1H FY2023
DIVIDENDS
1H FY 2023
INTERIM DIVIDEND
Dividends (Fully Franked @ 30% tax rate)
32 CPS
Interim Dividend
Final Dividend
75
39.0
32.0
DIVIDEND PAYOUT RATIO
50
55.0%
25
16.0
16.0
17.0
18.0
19.5
21.0
21.0
KEY DATES FOR INTERIM DIVIDEND
13.0
13.0
14.5
16.0
17.5
18.5
18.5
29.0
39.0
32.0
RECORD DATE:
0
6 APR 23
0
FY 14
FY 15
FY 16
FY 17
FY 18
FY 19
FY 20
FY 21
FY 22
FY 23
PAYMENT DATE:
21 APR 23
excludes special dividend of 100 cents in FY2015
5 / 22
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Disclaimer
ARB Corporation Limited published this content on 22 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 01:56:14 UTC.
ARB Corporation Limited is an Australia-based is an Australia-based company, which designs, manufactures, distributes and sales motor vehicle accessories and light metal engineering works. Its product range contains a host of different accessories, from vehicle specific applications to a range of accessories, which are suitable for vehicle. Its products include bull bars; side rails and side steps; rear protection, towing and wheel carriers; canopies; Ute Lids and Tub accessories; roof racks, cross bars and roof bars; old man emu 4X4 suspension; linx; driving lights; air compressors and tyer accessories; air lockers; winches; recovery equipment; recovery points; under vehicle protection; fuel tanks and fuel storage; drawers and cargo solutions; slide kitchen; portable fridge freezers; tents, swags and awnings; camping and touring accessories; UHF Radios, GPS and reverse cameras; safari snorkels; dual battery and solar systems; general accessories; and interior protection.
ARB CORPORATION LIMITED 
