For personal use only

22 February 2022

Company Announcements Office

Australian Securities Exchange Limited

20 Bridge Street

SYDNEY NSW 2000

APPENDIX 4D AND HALF YEAR FINANCIAL REPORT

Seven Group Holdings Limited (ASX: SVW) attaches the Appendix 4D and Half Year Financial Report for the half year ended 31 December 2021.

This release has been authorised to be given to ASX by the Board of Seven Group Holdings Limited.

For further information, please contact:

Mark Ley

Head of Investor Relations and Communications

M: 0411 139 134

  1. mley@sevengroup.com.au

Seven Group Holdings Limited (SGH) is a leading Australian diversified operating and investment group w ith market leading businesses and investments in industrial services, media and energy. In industrial services, WesTrac Group is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory. WesTrac is one of Caterpillar's top dealers globally (by sales value). SGH ow ns Coates, Australia's largest nationw ide industrial and general equipment hire business. SGH also has a 69.6% shareholding in Boral, a leading building products and construction materials group. In energy, SGH has a 30.0% shareholding in Beach Energy and has interests in oil and gas projects in Australia and the United States. In media, SGH has a 39.19% shareholding in Seven West Media, one of Australia's largest multiple platform media companies, including the Seven Netw ork, 7plus and The West Australian.

Seven Group Holdings Limited | A BN 46 142 003 469

Level 30, 175 Liverpool Street, Sydney NSW 2000 | Postal Address: PO Box 745, Darlinghurst NSW 1300

T elephone +61 2 8777 7574

Appendix 4D

For personal use only

Results for the half-year ended 31 December 2021

For personal use only

CONTENTS

Appendix 4D Half-Year Report

3

Underlying Trading Performance

4

Consolidated Statement of Profit or Loss and Other Comprehensive Income

5

Consolidated Statement of Financial Position

6

Consolidated Statement of Changes in Equity

7

Consolidated Cash Flow Statement

8

Notes to the Consolidated Financial Statements

9

Directors' Report

37

Auditor's Independence Declaration

38

Directors' Declaration

39

Independent Auditor's Review Report

40

Appendix 4D - Half-Year Report

SEVEN GROUP HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES

ABN 46 142 003 469

FOR THE HALF-YEAR ENDED 31 DECEMBER 2021

RESULTS FOR ANNOUNCEMENT TO THE MARKET

REPORTED

$m

Revenue

Reve

ue from ordinary activities (continuing operations)

up

67.8%

to

3,956.0

Reve

ue from discontinued operations

up

>100%

to

883.3

Net profit from ordinary activities after income tax attributable to members

up

199.2%

to

1,083.8

onlyNet profit for the period attributable to members

up

224.4%

to

1,175.0

UNDERLYING

$m

R v nue

R v

nue from ordinary activities (continuing operations)

up

67.8%

to

3,956.0

Revenue from discontinued operations

up

>100%

to

883.3

Net profit before net finance expense and income tax

From ordinary activities (continuing operations)

up

28.9%

to

510.9

From discontinued operations

up

>100%

to

154.7

use

Net profit for the period attributable to members

up

48.2%

to

366.1

DIVIDENDS

Ordinary shares

Amount per security

Franked amount per security

Interim

23 cents

23 cents

Record date for determining entitlements to the dividend

5.00pm on 13 April 2022

Date the interim dividend is payable

6 May 2022

personalNET TANGIBLE ASSET BACKING

Net tangible asset backing per ordinary share: $3.86 (June 2021 restated: $6.67).

This has been calculated by dividing the net assets (including ROU assets) attributable to equity holders of the Company less intangible assets by the number of ordinary shares at 31 December 2021.

COMMENTARY ON RESULTS

D tailed commentary on the results for the period is contained in the press release dated 22 February 2022 accompanying this Report. This Report should be read in conjunction with the 2021 Annual Report and any public announcements made by the Company in accordance with the continuous disclosure requirements arising under the Corporations Act 2001 and ASX Listing Rules.

ENTITIES OVER WHICH CONTROL, JOINT CONTROL OR SIGNIFICANT INFLUENCE WAS GAINED OR LOST DURING THE PERIOD

Entities over which control was gained - Boral Limited

On 7 July 2021, a wholly-owned subsidiary of Seven Group Holdings Limited acquired additional shares in Boral Limited (Boral)

and

btained control over Boral. By 29 July 2021, the Group had acquired a 69.6 per cent interest. Boral's results have been

c ns

lidated into the Group's result during the period. Refer to Note 18: Business Combinations for further detail.

Boral's continuing operations contributed $12.5 million in net profit from ordinary activities (continuing operations) after

income tax for the half-year ended 31 December 2021 (December 2020: $42.4 million).

ForRefer to Note 17: Controlled Entities for a list of entities over which control was gained.

Entities over which control was lost

In October 2021, Boral disposed of a number of controlled entities. Refer to Note 19: Discontinued Operations for further detail.

Refer to Note 17: Controlled Entities for a list of entities over which control was lost.

Entities over which joint control or significant influence was gained or lost

Refer to Note 8: Investments Accounted for Using the Equity Method for details of entities arising from the Boral acquisition.

3

Appendix 4D - Half-Year Report

SEVEN GROUP HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES

ABN 46 142 003 469

FOR THE HALF-YEAR ENDED 31 DECEMBER 2021

RESULTS FOR ANNOUNCEMENT TO THE MARKET

UNDERLYING TRADING PERFORMANCE

only

Underlying trading performance(a)

Significant items(b)

Reported statutory results

Cont

Discont

Total

Cont

Discont

Total

Cont

Discont

Total

HALF-YEAR ENDED 31 DECEMBER 2021

$m

$m

$m

$m

$m

$m

$m

$m

$m

Revenue

3,956.0

883.3

4,839.3

-

-

-

3,956.0

883.3

4,839.3

Other income

24.5

-

24.5

5.4

-

5.4

29.9

-

29.9

Share of results from equity accounted investees

127.4

7.4

134.8

(3.2)

-

(3.2)

124.2

7.4

131.6

Revaluation of equity accounted interest on acquisition of

-

-

-

756.8

-

756.8

756.8

-

756.8

Boral Limited

Impairment reversal of equity accounted investee

-

-

-

76.2

-

76.2

76.2

-

76.2

Net gain on sale of discontinued operations

-

-

-

-

30.8

30.8

-

30.8

30.8

Expenses excluding depreciation and amortisation

(3,358.6)

(736.0)

(4,094.6)

(53.3)

(9.3)

(62.6)

(3,411.9)

(745.3)

(4,157.2)

Profit before depreciation, amortisation, net finance

749.3

154.7

904.0

781.9

21.5

803.4

1,531.2

176.2

1,707.4

expense and tax

D preciation and amortisation

(238.4)

-

(238.4)

1.7

-

1.7

(236.7)

-

(236.7)

Profit before net finance expense and income tax

510.9

154.7

665.6

783.6

21.5

805.1

1,294.5

176.2

1,470.7

N t finance expense

(127.8)

(3.2)

(131.0)

(8.1)

-

(8.1)

(135.9)

(3.2)

(139.1)

Profit before income tax

383.1

151.5

534.6

775.5

21.5

797.0

1,158.6

173.0

1,331.6

Income tax expense

(80.7)

(44.2)

(124.9)

12.6

2.2

14.8

(68.1)

(42.0)

(110.1)

Profit for the period

302.4

107.3

409.7

788.1

23.7

811.8

1,090.5

131.0

1,221.5

Profit for the period attributable to:

Equity holders of the Company

291.4

74.7

366.1

792.4

16.5

808.9

1,083.8

91.2

1,175.0

useNon-controlling interest

11.0

32.6

43.6

(4.3)

7.2

2.9

6.7

39.8

46.5

Profit for the period

302.4

107.3

409.7

788.1

23.7

811.8

1,090.5

131.0

1,221.5

personal

$

$

$

$

$

$

EARNINGS PER SHARE

Basic earnings per share

0.80

0.21

1.01

2.99

0.25

3.24

Diluted earnings per share

0.80

0.20

1.00

2.97

0.25

3.22

HALF-YEAR ENDED 31 DECEMBER 2020 (Restated^)

Revenue

2,357.4

-

2,357.4

-

-

-

2,357.4

-

2,357.4

Other income

11.5

-

11.5

-

-

-

11.5

-

11.5

Share of results from equity accounted investees

87.8

-

87.8

11.4

-

11.4

99.2

-

99.2

Impairment reversal of equity accounted investee

-

-

-

103.8

-

103.8

103.8

-

103.8

Expenses excluding depreciation and amortisation

(1,930.1)

-

(1,930.1)

-

-

-

(1,930.1)

-

(1,930.1)

Pr fit before depreciation, amortisation, net finance

526.6

-

526.6

115.2

-

115.2

641.8

-

641.8

expense and tax

Depreciation and amortisation

(130.2)

-

(130.2)

-

-

-

(130.2)

-

(130.2)

Profit before net finance expense and income tax

396.4

-

396.4

115.2

-

115.2

511.6

-

511.6

Net finance expense

(79.9)

-

(79.9)

-

-

-

(79.9)

-

(79.9)

P ofit before income tax

316.5

-

316.5

115.2

-

115.2

431.7

-

431.7

Income tax expense

(67.7)

-

(67.7)

-

-

-

(67.7)

-

(67.7)

Profit for the period

248.8

-

248.8

115.2

-

115.2

364.0

-

364.0

Profit for the period attributable to:

Equity holders of the Company

247.0

-

247.0

115.2

-

115.2

362.2

-

362.2

Non-controlling interest

1.8

-

1.8

-

-

-

1.8

-

1.8

Profit for the period

248.8

-

248.8

115.2

-

115.2

364.0

-

364.0

EARNINGS PER SHARE

$

$

$

$

$

$

Basic earnings per share

0.73

-

0.73

1.07

-

1.07

For

0.73

-

0.73

1.06

-

1.06

Diluted earnings per share

^ Amounts have been restated. Refer to Note 1 for further detail.

(a) Underlying trading performance is comprised of reported statutory results less significant items. This is separately disclosed and reconciled to statutory performance to assist users in understanding the financial performance of the Group.

(b) Detailed information regarding the composition of significant items is provided in Note 3: Significant Items.

4

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Seven Group Holdings Limited published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 20:50:05 UTC.