Vector Interim Report 2018

FINANCIAL OVERVIEW

676.2 MILLION $

236.0 MILLION $

OPERATING CASH FLOW Rises 4.3% on the previous corresponding period

REVENUE Rises 8.1% on the previous corresponding period

FINANCIAL PERFORMANCE

31 DEC 2017 6 MONTHS

31 DEC 2016 6 MONTHS

30 JUN 2017 12 MONTHS

$ MILLION

CHANGE

Revenue

676.2 250.0 140.4

625.6 257.0 159.8 107.1 226.3

8.1% 1,226.7

Adjusted EBITDA

(2.7%)

474.4 274.8 168.9 335.7

Adjusted EBIT

(12.1%) (26.2%)

Net profit

79.0

Operating cash flow

236.0

4.3%

FINANCIAL POSITION

$ MILLION

31 DEC 2017

31 DEC 2016

CHANGE

30 JUN 2017

Total equity Total assets

2,468.1 5,668.3

2,467.0 5,511.3

0.0% 2,448.3 2.8% 5,574.6

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

2,252.9

1,968.2

14.5% 2,220.1

KEY FINANCIAL MEASURES

31 DEC 2017 6 MONTHS

31 DEC 2016 6 MONTHS

30 JUN 2017 12 MONTHS

CHANGE

Adjusted EBITDA/revenue Adjusted EBIT/revenue

37.0% 20.8% 43.5% 47.3%

41.1% 25.5% 44.8% 43.9%

(10.0%) (18.4%)

38.7% 22.4% 43.9% 47.1%

Equity/total assets

(2.9%)

Gearing 1

7.7%

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

2.1 7.9

2.3

(8.7%)

2.0

10.5

(24.8%)

16.7

8.25

8.00

3.1%

16.00

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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