For personal use only
ASX Announcement
25 January 2022
Correction to translation of historical financial information into US dollars
Reliance Worldwide Corporation Limited (ASX: RWC) has released updated historical financial comparative information in US dollars following the identification of a currency translation error. Comparative historical financial information has previously been translated from Australian dollars to US dollars following the change in RWC's presentation currency to US dollars with effect from 1 July 2021.
The correction only impacts Adjusted EBITDA and Adjusted EBIT figures in the Segment Report for the 6 months ended 30 June 2020. The corrected figures are highlighted in yellow in the attached report. All other figures remain unchanged.
These reports in US dollars have not been subject to audit or audit review.
For enquiries, please contact:
Phil King
Group Investor Relations Director +61 499 986 189
For personal use only
These reports in US dollars have not been subject to audit or audit review.
For personal use only
These reports in US dollars have not been subject to audit or audit review.
For personal use only
These reports in US dollars have not been subject to audit or audit review.
r personal use only
Segment Reporting
US$ | Elimination of the effect of | |||||||||||
Asia Pacific | Americas | EMEA | Corporate/Other | intersegment transactions | Consolidated Total | |||||||
30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | 30 Jun | |
Year Ended 30 June | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 |
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |
Revenue | ||||||||||||
From external customers | 120,853 | 97,625 | 627,579 | 494,032 | 253,124 | 188,088 | - | - | - | - | 1,001,556 | 779,745 |
From other segments | 86,211 | 66,557 | 2,375 | 1,769 | 38,868 | 29,452 | - | - | (127,454) | (97,777) | - | - |
Segment revenues | 207,064 | 164,182 | 629,955 | 495,800 | 291,991 | 217,540 | - | - | (127,454) | (97,777) | 1,001,556 | 779,745 |
Cost of sales | (138,224) | (118,303) | (403,722) | (321,372) | (146,075) | (117,694) | - | - | 127,454 | 97,777 | (560,567) | (459,592) |
Gross profit | 68,840 | 45,879 | 226,232 | 174,428 | 145,916 | 99,846 | - | - | - | - | 440,989 | 320,153 |
Other income | (1,765) | 2,414 | (3,822) | (9,445) | (2,421) | (4,467) | (842) | (1,824) | - | - | (8,850) | (13,322) |
Product development expenses | (2,406) | (3,053) | (7,022) | (12,781) | (2,592) | (3,012) | - | 1,462 | - | - | (12,020) | (17,384) |
Selling and marketing expenses | (14,147) | (12,955) | (75,134) | (69,561) | (30,533) | (24,694) | (999) | (980) | - | - | (120,813) | (108,190) |
Administration expenses | (10,628) | (12,120) | (40,256) | (35,260) | (30,315) | (26,786) | (5,864) | (2,516) | - | - | (87,063) | (76,681) |
Other expenses | (0) | 0 | (0) | (0) | 2 | (0) | (0) | - | 2 | 0 | ||
Segment operating profit | 39,894 | 20,165 | 99,997 | 47,382 | 80,059 | 40,887 | (7,705) | (3,858) | - | - | 212,245 | 104,576 |
EBITDA | 49,524 | 29,692 | 116,626 | 64,925 | 94,676 | 54,379 | (6,535) | (2,812) | 254,291 | 146,184 | ||
Depreciation of property, plant | ||||||||||||
and equipment | (8,891) | (8,841) | (14,132) | (14,210) | (13,203) | (12,756) | (185) | (135) | (36,411) | (35,943) | ||
Amortisation of intangible assets | (739) | (686) | (2,497) | (3,333) | (1,414) | (736) | (985) | (911) | (5,635) | (5,666) | ||
Finance income | (2) | (215) | (23,645) | (51,548) | 13 | 2 | 23,768 | 52,194 | - | - | 135 | 433 |
Finance costs | (1,072) | (1,043) | (3,081) | (7,605) | (273) | (271) | (4,688) | (4,951) | - | - | (9,115) | (13,869) |
Income tax expense | (9,327) | (5,698) | (34,340) | (8,448) | (15,448) | (6,753) | (3,268) | (10,243) | - | - | (62,382) | (31,142) |
Net Income | 29,493 | 13,209 | 38,931 | (20,219) | 64,351 | 33,864 | 8,108 | 33,143 | - | - | 140,883 | 59,997 |
Adj EBITDA | 49,524 | 29,692 | 121,316 | 79,284 | 96,420 | 62,358 | (6,535) | (2,712) | - | - | 260,724 | 168,623 |
Adj EBIT | 39,894 | 20,165 | 104,687 | 61,741 | 81,803 | 48,866 | (7,705) | (3,758) | - | - | 218,678 | 127,014 |
These reports in US dollars have not been subject to audit or audit review.
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Reliance Worldwide Corporation Ltd. published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 01:46:06 UTC.