Vector Interim Report 2020

financial overview

Total revenue $ 699.6 MILLION Rises 1.6% on the previous corresponding period

Operating cash flow $ 254.0 MILLION Rises 15.9% on the previous corresponding period

FINANCIAL PERFORMANCE

31-DEC-19 6 MONTHS

31-DEC-18 6 MONTHS

30-JUN-19 12 MONTHS

$M

CHANGE

699.6 264.5 133.1

Total revenue

688.6 264.7 144.8

1.6% 1,318.6

Adjusted EBITDA

(0.1%) (8.1%) (3.4%)

485.8 239.0

Adjusted EBIT

80.5

Net profit

83.3

84.0

254.0

Operating cash flow

219.1

15.9%

348.1

FINANCIAL POSTION

$M

31-DEC-19 31-DEC-18

CHANGE 30-JUN-19

2,355.5 6,158.1

Total equity Total assets

2,451.7 5,934.3

(3.9%)

2,349.4

3.8% 6,061.0

Economic net debt (borrowings net of cash and short-term deposits)

2,704.3

2,449.3

10.4% 2,627.5

KEY FINANCIAL MEASURES

31-DEC-19 6 MONTHS

31-DEC-18 6 MONTHS

30-JUN-19 12 MONTHS

CHANGE

37.8% 19.0% 38.3% 52.9%

Adjusted EBITDA/ total revenue Adjusted EBIT/ total revenue

38.4% 21.0% 41.3% 49.6%

(1.6%) (9.5%) (7.3%)

36.8% 18.1% 38.8% 52.2%

Equity/total assets

Gearing 1

6.7%

Net interest cover - (adjusted EBIT/net interest costs) (times)

2.1 8.0

2.0 8.3

5.0%

1.8 8.3

Earnings (NPAT) per share (cents) Dividends declared, cents per share

(3.6%)

8.25

8.25

0.0%

16.50

1. Gearing is defined as economic net debt to economic net debt plus adjusted equity. Adjusted equity means total equity adjusted for hedge reserves

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