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EBOS GROUP LIMITED
APPENDIX 4D
Interim Report for the Six Months Ended 31 December 2021
RESULTS FOR ANNOUNCEMENT TO THE MARKET
The following information is presented in accordance with ASX listing rule 4.2A.3 and should be read in conjunction with the attached EBOS Group Limited condensed consolidated interim unaudited financial statements for the six months ended 31 December 2021.
1. DETAILS OF THE REPORTING PERIOD AND THE PREVIOUS CORRESONDING PERIOD
Current period: | Six months ended 31 December 2021 |
Previous corresponding period | Six months ended 31 December 2020 |
This report and the attached condensed consolidated interim unaudited financial statements are presented in Australian dollars, being the Group's presentation currency.
2. | RESULTS FOR ANNOUNCEMENT TO THE MARKET | |||
Group Results | 31 Dec 2021 | 31 Dec 2020 | Change | |
(Unaudited) | AUD $000 | AUD $000 | % | |
Revenue | 5,250,860 | 4,653,298 | 12.8% | |
Earnings before depreciation, amortisation, net finance costs | 199,881 | 182,219 | 9.7% | |
and tax expense (EBITDA) | ||||
Depreciation and amortisation | (38,568) | (36,309) | 6.2% | |
Earnings before interest and tax (EBIT) | 161,313 | 145,910 | 10.6% | |
Profit before tax (PBT) | 147,513 | 131,859 | 11.9% | |
Net profit after tax (NPAT) | 101,992 | 92,969 | 9.7% | |
Net profit after tax (NPAT) attributable to owners of the | 101,866 | 92,865 | 9.7% | |
Company | ||||
Weighted average number of shares | 165,875 | 163,280 | 1.6% | |
Basic EPS - (CPS) | 61.4 | 56.9 | 8.0% | |
Net tangible asset backing per ordinary share - ($) | $2.18 | ($0.75) | ||
Underlying EBITDA | ||||
(refer reconciliation below) | 207,652 | 184,140 | 12.8% | |
Underlying EBIT | ||||
(refer reconciliation below) | 169,084 | 147,831 | 14.4% | |
Underlying Net profit after tax (NPAT) attributable to the | ||||
owners of the Company | ||||
(refer reconciliation below) | 109,271 | 94,346 | 15.8% | |
Underlying EPS - (CPS) 1 | 66.6 | 57.8 | 15.2% |
1 Underlying EPS is calculated as underlying NPAT divided by the weighted average number of shares on issue during the period, excluding the impact of shares issued from the share placement, of 19.5m shares, in December 2021
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EBOS GROUP LIMITED
APPENDIX 4D
Dividends | Amount per NZ Cents Per | Franked amount per |
Share | security to 30% tax rate | |
Interim dividend payable 18 March 2022 | 47.0c | 100% |
Interim dividend - previous corresponding | ||
period | 42.5c | 100% |
Key dates for the 2022 Interim Dividend | ||
Ex-dividend date | 3 March 2022 | |
Record date | 4 March 2022 | |
(5.00pm NZDT) | ||
Dividend payment date | 18 March 2022 |
Other Comments
The interim dividend will be imputed to 25% for New Zealand tax resident shareholders, and a supplementary dividend paid to eligible non-resident shareholders.
3. RECONCILIATION OF REPORTED TO UNDERLYING EARNINGS
2 The six months to 31 December 2021 one-off costs comprise merger and acquisition transaction costs of $7.8m (2020: $1.9m) on a pre-tax basis ($7.4m (2020: $1.5m) on a post-tax basis).
Underlying EBITDA, Underling EBIT and Underlying Net Profit after Tax attributable to the owners of the Company are non-GAAP measures, which adjust for the effects of one-off costs.
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EBOS GROUP LIMITED
APPENDIX 4D
For supplementary comments on the Group's financial results refer to the Results Presentation, Letter to Shareholders and Media Release issued 16 February 2022.
4. ENTITIES ACQUIRED
Details of material acquisitions undertaken during the period have been disclosed, in aggregate, in Note 10 of the attached condensed consolidated interim unaudited financial statements.
5. DIVIDENDS PAID AND DECLARED
Group Results | Amount | Amount | Total | |
(Unaudited) | Per Share | Per Share | Amount | Date Paid / Payable |
(NZ$ Cents) | (A$ Cents) | (A$) | ||
Dividends declared in respect of | ||||
the year ending 30 June 2022 | ||||
2022 interim dividend | 47.0 cents | 44.3 cents | $81,347,000 | 18 March 2022 |
Dividends paid attributable to the | ||||
year ended 30 June 2021 | ||||
2021 interim dividend | 42.5 cents | 39.5 cents | $64,631,000 | 18 March 2021 |
2021 final dividend | 46.0 cents | 44.1 cents | $72,228,000 | 24 September 2021 |
88.5 cents | 83.6 cents | 136,859,000 | ||
Dividends are approved by the Board in New Zealand dollars. Dividends recognised in the Statement of Changes in Equity are converted from New Zealand dollars to Australian dollars at the exchange rate applicable on the date the dividend was approved. Unrecognised dividends are converted at the exchange rate applicable on the reporting date.
6. DIVIDEND REINVESTMENT PLAN
The Company's dividend reinvestment plan ('DRP') will not operate for the 2022 interim dividend.
7. ASSOCIATES AND JOINT VENTURES
The Group equity accounted the following associate entities at 31 December 2021.
Name of business | Proportion of shares and voting rights |
Animates NZ Holdings Limited | 50.00% |
Good Price Pharmacy Franchising Pty Limited | 44.18% |
Good Price Pharmacy Management Pty Limited | 44.18% |
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EBOS GROUP LIMITED
APPENDIX 4D
Income from the individual Associates has not been separately disclosed as it is considered immaterial. Total income from Investments in Associates for the six months ended 31 December 2021 was $4,088,000 (2020: $2,855,000).
8. FOREIGN ENTITIES
The condensed consolidated interim unaudited financial statements are presented in Australian dollars and comply with International Financial Reporting Standards ("IFRS").
9. INDEPENDENT AUDIT REVIEW
The condensed consolidated interim financial statements have been reviewed by an independent auditor, and the auditor has given an unmodified review opinion.
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EBOS GROUP LIMITED
INTERIM REPORT
FOR THE SIX MONTHS
ENDED 31 DECEMBER 2021
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EBOS Group Limited published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 20:46:04 UTC.