Premier Investments : Appendix 4D Half Year Accounts

For personal use only

PREMIER INVESTMENTS LIMITED

ABN 64 006 727 966

Appendix 4D - Half Year Report

The information is given under ASX Listing Rule 4.2A.3

Reporting periods

Current Reporting Period:

1 August 2021 to 29 January 2022 (1H22) (26 weeks)

Previous Corresponding Period:

26 July 2020 to 30 January 2021 (1H21) (27 weeks)

Results for announcement to the market

Percentage

Amount

Change

%

A$'000

Total Revenue from Ordinary Activities

down

1.93%

to

770,329

Profit from ordinary activities after tax

down

13.03%

to

163,644

attributable to members

Net profit for the period attributable to members

down

13.03%

to

163,644

Dividends

Amount per

Franked amount

security

per security

Interim Dividend

Current period

46.0 cents

46.0 cents

Previous corresponding period

34.0 cents

34.0 cents

Record date for determining entitlements to the interim dividend:

22 June 2022

Brief explanation of the figures reported above necessary to enable the figures to be understood:

The information presented above is based upon the accompanying consolidated half-year financial

report for the 26 weeks ended 29 January 2022, whereas the comparative half-year represents a period

of 27 weeks ended 30 January 2021. The table below provides further comparative information to

better understand the 1H22 result:

Growth on

Growth on

1H22

1H21

1H20

(26 weeks)

(27 weeks)

(26 weeks)

$'000

%

%

Total Revenue from Ordinary Activities

$770,329

-1.93%

+5.02%

Net profit for the period

$163,644

-13.03%

+64.28%

Refer to the attached consolidated half-year financial report and accompanying investor presentation

for further information. This consolidated half-year financial report is to be read in conjunction with

the most recent consolidated Annual Financial Report for the 53 weeks ended 31 July 2021.

Premier Investments Limited (ABN 64 006 727 966)

Level 7, 417 St Kilda Road, Melbourne, Vic 3004

Tel: [phone]

For personal use only

Premier Investments Limited Appendix 4D - Half-year report 26 weeks ended 29 January 2022

Other information

This report is based on the attached consolidated half-year financial report. Refer to the attached consolidated half-year financial report for a copy of the Independent Auditor's Review Report.

Net tangible assets

		Current Reporting			Previous
		Period			Corresponding Period
Net tangible assets per ordinary security1	$4.99					$4.06
Dividends
Date the dividends are payable							27 July 2022
Record date to determine entitlements to the dividends							22 June 2022
(a) Amount per security
		Amount per		Franked		Amount per
		security		amount per		security of
						security at		foreign source
						30% tax		dividend
Interim Dividend
Current period		46.0 cents		46.0 cents		Nil
Previous corresponding period		34.0 cents		34.0 cents		Nil
(b) Interim dividends on all securities
		Current Reporting			Previous
		Period			Corresponding Period
		$A'000					$A'000
Ordinary securities	73,137				54,014
Total	73,137				54,014

(c) Dividend reinvestment plans in operation

The dividend reinvestment plan does not apply to the interim dividend.

Associates and joint venture entities

	Current Reporting Period	Previous Corresponding Period
	Ownership	Share of Net	Ownership	Share of Net
Name of Associate	Interest in	Profit After Tax	Interest in	Profit After Tax
Entity	Associate (%)	$A'000	Associate (%)	$A'000
Breville Group Limited	26.19%	$20,349	26.27%	$16,854

1 Calculated as net assets, less intangible assets as per the accompanying balance sheet, divided by ordinary securities on issue at the end of the half-year. Includes right-of-use assets and lease liabilities resulting from the transition to AASB 16, as disclosed in the accompanying consolidated half-year financial report.

For personal use only

PREMIER INVESTMENTS LIMITED

ABN 64 006 727 966

AND CONTROLLED ENTITIES

CONSOLIDATED HALF-YEAR FINANCIAL REPORT

FOR THE 26 WEEKS 01 AUGUST 2021 TO

29 JANUARY 2022

This half-year report should be read in conjunction with the Annual Report for the 53 weeks ended 31 July 2021

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For personal use only

PREMIER INVESTMENTS LIMITED AND CONTROLLED ENTITIES

CONSOLIDATED HALF-YEAR FINANCIAL REPORT

FOR THE 26 WEEKS ENDED

29 JANUARY 2022

TABLE OF CONTENTS

DIRECTORS' REPORT

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

DIRECTORS' DECLARATION

AUDITOR'S INDEPENDENCE DECLARATION

INDEPENDENT REVIEW REPORT

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6

7

8

9

20

21

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DIRECTORS' REPORT

For personal use only

The directors present their report together with the financial report of the consolidated entity consisting of Premier Investments Limited and its controlled entities (the "Group") for the 26 weeks 01 August 2021 to 29 January 2022 ("half- year"), together with the independent review report thereon.

DIRECTORS

The names of the company's directors in office during the half-year and until the date of this report are as below. Directors were in office for this entire period unless otherwise stated.

Solomon Lew	Chairman and Non-executive Director
David Crean	Deputy Chairman and Non-executive Director
Mark McInnes	Executive Director (Resigned: 19 August 2021)
Richard Murray	Executive Director (Appointed: 3 December 2021)
Timothy Antonie	Non-executive Director and Lead Independent Director
Sylvia Falzon	Non-executive Director
Sally Herman	Non-executive Director
Henry Lanzer AM	Non-executive Director
Terrence McCartney	Non-executive Director
Michael McLeod	Non-executive Director

COMPANY SECRETARY

Marinda Meyer

EARNINGS PER SHARE

	26 WEEKS ENDED	27 WEEKS ENDED
	29 JANUARY 2022	30 JANUARY 2021
	CENTS	CENTS
Basic earnings per share	102.97	118.50
Diluted earnings per share	102.41	117.95

DIVIDENDS

During the half-year the following fully franked dividend was approved and paid:

2021 Final Dividend:

46 cents per share paid on 27 January 2022.

The directors have approved the following fully franked dividends:

2022 Interim Dividend:

46 cents per share payable on 27 July 2022.

OPERATING AND FINANCIAL REVIEW

The Group recorded a net profit after income tax for the 26 weeks ended 29 January 2022 of $163.6 million

(27 weeks ended 30 January 2021 of $188.2 million) - a decrease of 13.03% on the previous period. Total revenue for the Group amounted to $770.3 million - a decrease of 1.93% on the previous period. Total revenue and other income amounted to $770.4 million, a decrease of 3.19% on the previous period. The current reporting period, being 01 August 2021 to 29 January 2022, represents 26 weeks, whereas the comparative period, 26 July 2020 to 30 January 2021, represented 27 weeks.

A review of the operations and results of the Group for the half-year are set out in the half-year announcement and investor presentation for the 26 weeks ended 29 January 2022.

ROUNDING

The company is a company of the kind specified in ASIC Corporations (Rounding in Financial/Directors' Reports)

Instrument 2016/191, dated 24 March 2016. In accordance with that ASIC instrument, amounts in the financial statements and Directors' Report have been rounded to the nearest thousand dollars unless specifically stated to be otherwise.

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