Vector Interim Report 2019

FINANCIAL OVERVIEW

Total income

Operating cash flow

Rises 1.8% on the previous corresponding period $ 688.6 M

Falls 7.2% on the previous corresponding period $ 219.1 M

FINANCIAL PERFORMANCE

31 DEC 2018 6 MONTHS

31 DEC 2017 6 MONTHS

30 JUN 2018 12 MONTHS

$ MILLION

CHANGE

Total income

688.6 264.7 144.8

676.2 250.0 140.4

1.8% 1,328.4

Adjusted EBITDA

5.9% 3.1% 5.4%

470.1 244.2 149.8 389.9

Adjusted EBIT

Net profit

83.3

79.0

Operating cash flow

219.1

236.0

(7.2%)

FINANCIAL POSITION

$ MILLION

31 DEC 2018

31 DEC 2017

CHANGE

30 JUN 2018

Total equity Total assets

2,451.1 5,934.3

2,468.1 5,668.3

(0.8%)

2,457.9

4.7% 5,808.0

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

2,449.3

2,252.9

8.7% 2,337.8

KEY FINANCIAL MEASURES

31 DEC 2018 6 MONTHS

31 DEC 2017 6 MONTHS

30 JUN 2018 12 MONTHS

CHANGE

Adjusted EBITDA/total income Adjusted EBIT/total income

38.4% 21.0% 41.3% 49.6%

37.0% 20.8% 43.5% 47.3%

3.8% 1.0%

35.4% 18.4% 42.3% 48.8%

Equity/total assets

(5.1%)

Gearing 1

4.9%

Net interest cover - (adjusted EBIT/ net interest costs) (times) Earnings (NPAT) per share (cents) Dividends declared, cents per share (fully imputed)

2.0 8.3

2.1 7.9

(3.8%)

1.9

5.1%

14.8

8.25

8.25

0.0%

16.25

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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Vector://IR 19

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