2012

2013

2014

2015

2016

%

$000

$000

$000

$000

$000

Growth

Total revenue

556,911

606,509

670,268

723,611

750,985

4%

Building Products revenue

547,590

568,654

636,895

700,871

748,128

7%

Earnings before interest and tax (excluding

significant items)

Building products

28,538

32,802

45,081

56,364

75,381

34%

Property

16,438

49,206

61,013

61,735

72,105

17%

Waste management

2,571

413

1,414

2,649

1,346

(49%)

Investments

1,081

493

262

280

442

58%

Associates

66,619

59,509

44,382

54,574

59,117

8%

Head office and other expenses

(6,796)

(7,384)

(8,945)

(9,699)

(12,479)

(29%)

Total EBIT (excluding significant items)

108,451

135,039

143,207

165,903

195,912

18%

Borrowing costs

(25,215)

(18,800)

(18,073)

(19,482)

(14,080)

28%

Income tax

(4,366)

(16,191)

(23,845)

(26,122)

(34,753)

(33%)

Net profit after income tax (excluding significant items)

78,870

100,048

101,289

120,299

147,079

22%

Significant items

Washington H Soul Pattinson & Co.

756

(18,483)

4,973

(25,140)

129

Write down of assets to recoverable value

- Property, plant & equipment

(4,169)

(8,608)

(2,581)

-

(14,523)

- Building products inventory

(4,192)

-

-

-

-

Costs related to JV and business acquisition

(1,947)

729

-

(577)

(206)

Costs on closure of manufacturing facility

and site relocation costs

(6,927)

(3,130)

(379)

-

(5,201)

Costs on start up of manufacturing facilities

(4,147)

(593)

-

(4,333)

(1,025)

Impairment of goodwill and timber access rights

(31,627)

-

-

(16,761)

(47,258)

Legal and advisory costs - Perpetual matter

(1,273)

(465)

(2,841)

(1,504)

(2,828)

Restructuring activities

-

(970)

(578)

(1,236)

(2,929)

Other significant items

(2,612)

(2,040)

-

-

(315)

Tax on significant items

7,580

5,424

1,914

2,822

8,109

Tax benefit arising from WHSP carrying value

12,992

13,253

958

4,520

(2,842)

Total significant items

(35,566)

(14,883)

1,466

(42,209)

(68,889)

Net profit after income tax

(including significant items)

43,304

85,165

102,755

78,090

78,190

0%

Basic earnings per share (cents)

29.3

57.6

69.4

52.6

52.6

(0%)

Underlying earnings per share (cents)

53.4

67.7

68.4

81.1

98.9

22%

Dividends

Ordinary dividends per share (cents)

40.5

40.5

42.0

45.0

48.0

Ratios

Net tangible assets per share

$9.44

$9.82

$10.32

$10.59

$10.96

3%

Return on shareholders equity

2.6%

5.0%

5.7%

4.3%

4.3%

(1%)

Underlying return on shareholders equity

4.7%

5.8%

5.6%

6.6%

8.0%

21%

Interest cover ratio

5.2

6.6

7.3

9.7

14.4

48%

Net debt to capital employed

14.7%

15.7%

14.5%

14.2%

12.8%

(10%)