Skellerup HY18 Results

15 February 2018
Big lift in Skellerup earnings
Skellerup announced today a 31% lift in unaudited net profit after tax of $11.7 million for the six
months ending 31 December 2017.
Key points for the six months ending 31 December 2017
• Revenue of $116.7 million, up 20% on pcp
• Earnings before interest and tax (EBIT) of $17.5 million, up 32% on pcp
o Industrial Division EBIT of $10.0 million, up 40% on pcp
o Agri Division EBIT of $9.5 million, up 13% on pcp
o Corporate Costs of $2.0 million, down 10% on pcp
• Net profit after tax (NPAT) of $11.7 million, up 31% on pcp
• Operating cash flow of $14.8 million, up 52% on pcp
• Interim dividend increased from 3.5cps to 4.0cps
• FY18 NPAT forecast in the range of $24.5 million to $26.0 million

A standout performance from Skellerup’s Industrial Division has underpinned a strong result for the
first half of FY18.
Industrial Division EBIT lifted by 40 percent to $10.0 million, generating more than half the
company’s earnings for the period, following a steady improvement in performance over the past
few years. CEO David Mair said this result validated the considerable time and resources Skellerup
had invested in improving the Industrial Division’s performance.
“We have improved our operating platform and deployed the expertise we have in engineered
polymer product, compound and tool design into customer focused development. This equips us to
capitalise on our best growth opportunities across international markets, particularly in the potable
water industry.”
Mair said a 13 percent increase in Agri Division EBIT to $9.5 million was also a solid result.
“Our continued success in developing innovative and high-quality dairy consumables, animal hygiene
and specialist footwear delivered the earnings improvement. The crucial role our products play in
maintaining milk quality and animal health around the world ensures Skellerup remains the brand of
choice.”
Chair Liz Coutts said Skellerup had indicated in October 2017 an expected increase in profitability for
the current year. Coutts said Skellerup’s balance sheet is robust, and operating cash flow strong, up
52% on the pcp to $14.8 million. She noted the Board was pleased to increase the interim dividend
from 3.5 to 4.0 cents per share fully imputed. However, future dividends are likely to carry only

partial imputation (approximately 60%) as the growth in earnings was largely coming from
Skellerup’s international operations.
“It is extremely encouraging our growth is broad-based and continuing to gather momentum. We
expect full year NPAT in the range of $24.5 million to $26.0 million, subject to any unexpected
changes in our markets. We remain focused on continuing to leverage our international platform to
deliver sustainable earnings growth.”

For further information please contact:
David Mair Graham Leaming
Chief Executive Officer Chief Financial Officer
021 708 021 021 271 9206

For media queries please contact:
Geoff Senescall / John Redwood
Senescall Akers Limited
021 481 234 / 021 581 234

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Skellerup Holdings Limited
Results for announcement to the market
Reporting Period Unaudited six months ended 31 December 2017
Previous Reporting Period Unaudited six months ended 31 December 2016

Unaudited Amount NZ$000 Percentage change
Revenue from ordinary activities 116,714 19.9%
Net profit from ordinary activities after tax
attributable to security holders
11,688 30.9%
Net profit after tax attributable to security
holders
11,688 30.9%

Interim Dividend Net amount per security Imputed amount per security
Interim Dividend of $7,712k fully imputed
at an effective tax rate of 28%. The
Dividend Reinvestment Plan will not apply
to this dividend.
4.0 cents per share 1.56 cents per share

Record Date 09 March 2018
Dividend Payment Date 22 March 2018

Comments: Refer attached Release for commentary on trading results.


Directors Declaration (NZX Listing Rules Appendix 1, 3.1 & 3.2)
The Directors declare that the unaudited Consolidated Financial Statements as attached have been prepared in
compliance with applicable Financial Reporting Standards. The accounting policies the Directors consider
critical to the portrayal of the Company’s financial condition and results which require judgements and
estimates about matters which are inherently uncertain are disclosed in Note f on page 35 of the Audited
Financial Statements for the year ended 30 June 2017.

OTHER INFORMATION
A. Net Tangible Assets per Security (NZX Listing Rules Appendix 1)
Refer to the Consolidated Income Statement attached.

B. Control gained and lost over Entities (NZX Listing Rules Appendix 1)
Skellerup has not gained or lost control over any entities during the period.

C. Associates & Joint Ventures (NZX Listing Rules Appendix 1)
Skellerup does not have any associate entities or joint venture arrangements.

D. Business Changes (NZX Listing Rules Appendix 1)
There have not been any major changes or trends in Skellerup’s business subsequent to year end.

E. Accounting Policies (NZX Listing Rules Appendix 1)
There have not been any material changes in accounting policies applied in the preparation of these financial statements.

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APPENDIX 7 – NZSX Listing Rules
Number of pages including this one
(Please provide any other relevant
NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. details on additional pages)
For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.
Full name
of Issuer
Name of officer authorised to
Authority for event,
make this notice
e.g. Directors' resolution
Contact phone
Contact fax
numbernumber
Date
Nature of event
BonusIf ticked,
Rights Issue
Tick as appropriate
Issue
state whether:Taxable
/ Non TaxableConversionInterestRenouncable
Rights IssueCapitalCallDividend
If ticked, stateFull
non-renouncable
change
x
whether:
Interim
x
YearSpecialDRP Applies
EXISTING securities affected by this
If more than one security is affected by the event, use a separate form.
Description of theISIN
class of securities
If unknown, contact NZX
Details of securities issued pursuant to this eventIf more than one class of security is to be issued, use a separate form for each class.
Description of theISIN
class of securities
If unknown, contact NZX
Number of Securities toMinimum
Ratio, e.g
be issued following eventEntitlement
1 for 2 for
Conversion, Maturity, Call
Treatment of Fractions
Payable or Exercise Date
Tick if
provide an
pari passu
ORexplanation
Strike price per security for any issue in lieu or date
of the
Strike Price available.
ranking
Monies Associated with Event
Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money.
Source of
Amount per security
Payment
(does not include any excluded income)
Excluded income per security
(only applicable to listed PIEs)
Supplementary
Amount per security
Currencydividendin dollars and cents
details -
NZSX Listing Rule 7.12.7
Total monies
TaxationAmount per Security in Dollars and cents to six decimal places
In the case of a taxable bonusResident
Imputation Credits
issue state strike priceWithholding Tax(Give details)
Foreign
FWP Credits
Withholding Tax(Give details)
Timing
(Refer Appendix 8 in the NZSX Listing Rules)
Record Date 5pmApplication Date
For calculation of entitlements -Also, Call Payable, Dividend /
Interest Payable, Exercise Date,
Conversion Date. In the case
of applications this must be the
last business day of the week.
Notice DateAllotment Date
Entitlement letters, call notices,For the issue of new securities.
conversion notices mailedMust be within 5 business days
of application closing date.
OFFICE USE ONLY
Ex Date:
Commence Quoting Rights:Security Code:
Cease Quoting Rights 5pm:
Commence Quoting New Securities:Security Code:
Cease Quoting Old Security 5pm:
$
9 March, 201822 March, 2018
$7,712,232
Date Payable
22 March, 2018
$$0.002778$0.015556
In dollars and cents
Retained Earnings
$0.04000
$0.00000
NZD$0.007059
Enter N/A if not
applicable
Ordinary SharesNZSKXE0001S8
EMAIL: announce@nzx.com
Notice of event affecting securities
Skellerup Holdings Limited
Graham LeamingBoard Resolution
021 271 920609 523 824114022018

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Skellerup
FY18 Half Ye ar Report

Highlights
REVENUE
$116.7m
NPAT
$11.7m
OPERATING CASH FLOW
$14.8m
EARNINGS PER SHARE
6.1cps
INTERIM DIVIDEND
4.0cps
Up $19.4m
Up 14%
Up $2.8m
Up $5.0m
Up 31%
FY18 HALF YEAR REPORTSKELLERUP2
Contents
Key Financials 2
Chair and CEO Report 3
Who We Are 6
Income Statement 9
Statement of Comprehensive Income 10
Statement of Changes in Equity 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Financial Statements 14
Corporate Directory 18
Where We Operate 18
FY18 HALF YEAR REPORTSKELLERUP2

FY18 HALF YEAR REPORTSKELLERUP3
Overview
We are very pleased to report an excellent
result for the first half of FY18, underpinned
by a standout performance from our Industrial
Division, which continues to make an increasing
contribution to Skellerup’s growth.
The improvement in revenue and earnings can
be attributed to the reshaping of our operations
around the world; continuous and efficient
product development and reducing exposure to
industries affected by commodity cycles.
We are continuing to strengthen customer loyalty
by faster and reliable product development.
These new differentiated products and processes
are enabling key customers to grow their market
share and with their success, we become an
essential part of their business.
Overall, revenue for the six months to
31 December 2017 was up 20 percent on the
previous year to $116.7 million; earnings before
interest and tax (EBIT) was up 32 percent to $17.5
million and net profit after tax (NPAT) was up 31
percent to $11.7 million.
Our balance sheet is robust and operating cash
flow for the first half of the year is strong, up $5.0
million to $14.8 million.
$000 Unaudited
Half year Ended
31 December 2017
Half year Ended
31 December 2016
Percentage
Change
Revenue116,71497, 3 1420%
Earnings before interest and taxation17,49013,27732%
Net profit after taxation11,688 8,927 31%
Earnings per share
6.06 4.63 31%
Dividend per share
4.003.50 14%
Cash (net debt)
(34,830)(35,566) (2%)

Elizabeth (Liz) Coutts
Skellerup Holdings Ltd
Chair
Chair and CEO Review
Elizabeth (Liz) Coutts
Chair
Skellerup Holdings Ltd

FY18 HALF YEAR REPORTSKELLERUP4
Industrial
$000 Unaudited
Half year Ended
31 December 2017
Half year Ended
31 December 2016
Percentage
Change
Revenue73,72160,77121%
Earnings before interest and taxation10,0277,1 5 840%

Industrial
Our Industrial Division EBIT lifted by 40 percent
to $10.0 million, generating more than half of
Skellerup’s earnings for the period. This follows
a trend of steady improvement in performance
over the past few years.
We have continued to build our position with key
original equipment manufacturers (OEMs). This
has led not only to growth in our share of their
business, but also opportunities for new product
development. At the same time, we have better
aligned our development processes to ensure we
are completing new product designs in less time.
As a result, we have reduced our reliance
on extractive industries and the associated
commodity cycles in favour of more stable and
sustainable growth prospects, in particular
water and wastewater treatment systems and
networks.
Skellerup’s first half
result demonstrates the
resilience of our
business
David Mair
Chief Executive Officer
Skellerup Holdings Ltd

FY18 HALF YEAR REPORTSKELLERUP5
Dividend
The Directors are pleased to announce an increase in the interim dividend from 3.5 to 4.0 cents
per share, fully imputed.
This will be distributed on 22 March 2018 to shareholders on the register at 5:00pm on 9 March
2018.
As growth in our earnings is increasingly attributable to our international operations, it is likely
that future dividends will carry only partial (approximately 60%) imputation.
Outlook
In October 2017, we announced that we expected an increase in profitability for the current
financial year. Results to date support that confidence, and we now expect to achieve full year
NPAT in the range of $24.5 million to $26.0 million, subject to any unforseen changes in our
markets. Skellerup’s growth is broad-based and our people are focused on leveraging our
platform and capability to deliver great solutions for our customers and enhanced returns for our
shareholders.
Elizabeth (Liz) Coutts
Chair
David Mair
Chief Executive Officer
Agri
$000 Unaudited
Half year Ended
31 December 2017
Half year Ended
31 December 2016
Percentage
Change
Revenue43,07636,60618%
Earnings before interest and taxation9,5318,40913%

Agri
A 13 percent increase in our Agri Division EBIT to $9.5 million represents a solid result.
This growth reflects our continued success in developing innovative and high-quality dairy
components and specialist footwear designed and manufactured to meet the specific needs
of customers.
The crucial role our products play in maintaining milk quality and animal health ensures
Skellerup remains the brand of choice for farmers, both at home and abroad.
As our home market, New Zealand remains hugely important to us, but increasingly
opportunities for growth are to be found overseas. We have a talented and experienced team
demonstrating the value and reliability of Skellerup’s solutions to customers.

Who we are
Industrial
VACUUM PUMP SYSTEMS
Our brands
Our Industrial business is largely focused
on keeping potable water in and grey
water out for industrial applications
Technologies and products
Engineered Plastics
Proprietary Tooling
Marine • Sport
Automotive
Vacuum Systems
Rings • Joiners • Valves
SKELLERUP
FY18 HALF YEAR REPORTSKELLERUP
6

RED BAND
Agri
Liners
Tubing
Moulding
Specialist Footwear
Rubber Footwear
Teat s
Our Agri business designs and
manufactures essential dairy consumables
and rubber footwear, both branded and for
original equipment manufacturers (OEMs)
Our brands
Technologies and products
FY18 HALF YEAR REPORTSKELLERUP7

Skellerup Holdings Limited
Financial Statements for the
half year ended 31 December 2017
8FY18 HALF YEAR REPORTSKELLERUP

FY18 HALF YEAR REPORTSKELLERUP9
Income Statement for the half year ended 31 December 2017

 
Note
Half year
Ended
31 Dec 2017
$000
(Unaudited)
Half year
Ended
31 Dec 2016
$000
(Unaudited)
Revenue2116,714 97, 3 14
Cost of sales(74,915)(61,715)
Gross profit 41,799 35,599
Other income/(expense)719 2,108
Distribution expenses(6,663)(6,749)
Marketing expenses (9,263)(8,900)
Administration expenses(9,102)(8,781)
Profit for the period before tax, finance costs and relocation costs 17,490 13,277
Finance costs(930)(554)
Profit for the period before tax and relocation costs 16,560 12,723
Relocation costs as a result of the 2011 Canterbury earthquakes –(33)
Profit for the period before tax16,560 12,690
Income tax expense (4,872)(3,763)
Net after tax profit for the period, attributable to owners of the Parent 11,688 8,927
Earnings per share
Basic and diluted earnings per share (cents)6.06 4.63
Net tangible assets per share (cents)59.7155.00

FY18 HALF YEAR REPORTSKELLERUP10
Statement of Comprehensive Income for the half year ended 31 December 2017

 
Half year
Ended
31 Dec 2017
$000
(Unaudited)
Half year
Ended
31 Dec 2016
$000
(Unaudited)
Net profit after tax for the period11,6888,927
Other comprehensive income
Will be reclassified subsequently to profit or loss when specific
conditions are met
Net increase/(decrease) in cash flow hedge reserve(1,067)(712)
Income tax related to increase/(decrease) in cash flow hedge reserve299212
Not expected to be reclassified subsequently to profit or loss
Foreign exchange movements on translation of overseas subsidiaries4,622(880)
Income tax related to gains/(losses) on foreign exchange movements of loans
with overseas subsidiaries
(131)(49)
Other comprehensive income net of tax3,723(1,429)
Total comprehensive income for the period attributable to
equity holders of the Parent15,411 7,49 8

Financial Statements

FY18 HALF YEAR REPORTSKELLERUP11
Statement of Changes in Equity for the half year ended 31 December 2017

Fully Paid
Ordinary
Shares
Cash Flow
Hedge
Reserve
Foreign
Currency
Translation
Reserve
Employee
Share Plan
Reserve
Retained
Earnings
Total
$000
(Unaudited)
$000
(Unaudited)
$000
(Unaudited)
$000
(Unaudited)
$000
(Unaudited)
$000
(Unaudited)
Balance 1 July 201769,732367(13,866)471102,543159,247
Profit for the period––––11,68811,688
Other comprehensive
income
–(768)4,491––3,723
Total comprehensive
income for the period
–(768)4,491–11,68815,411
Dividends paid––––(11,568)(11,568)
Balance 31 December 201769,732(401)(9,375)471102,663163,090
Balance 1 July 201669,732657(12,791)47197,78 6155,855
Profit for the period––––8,9278,927
Other comprehensive
income
–(500)(929)––(1,429)
Total comprehensive
income for the period
–(500)(929)–8,9277,49 8
Dividends paid––––(10,604)(10,604)
Balance 31 December 201669,732157(13,720)47196,109152,749

FY18 HALF YEAR REPORTSKELLERUP12
Balance Sheet as at 31 December 2017

As at
31 Dec 2017
$000
(Unaudited)
As at
30 Jun 2017
$000
(Audited)
As at
31 Dec 2016
$000
(Unaudited)
Current assets   
Cash and cash equivalents10,2066,0227,145
Trade and other receivables41,48746,34733,638
Inventories45,65841,47740,997
Income tax receivable1382302,272
Derivative financial assets139399448
Total current assets97,628 94,475 84,500
Non-current assets
Property, plant and equipment94,74694,94293,903
Deferred tax asset3,9833,5093,726
Goodwill45,79944,17443,621
Intangible assets477539948
Derivative financial assets67293–
Total non-current assets145,072 143,457 142,198
Total assets242,700 237,932 226,698
Current liabilities
Trade and other payables23,72524,95619,291
Provisions5,7986,6367, 8 3 4
Income tax payable5711,7401,407
Derivative financial liabilities71090162
Total current liabilities30,804 33,422 28,694
Non-current liabilities
Provisions1,9801,602666
Interest-bearing loans and borrowings45,03641,77742,711
Deferred tax liabilities1,7381,7841,791
Derivative financial liabilities5210087
Total non-current liabilities48,806 45,263 45,255
Total liabilities79,61078,68573,949
Net assets163,090 159,247 152,749
Equity
Share capital69,73269,73269,732
Reserves(9,305)(13,028)(13,091)
Retained earnings102,663102,54396,108
Total equity163,090 159,247 152,749
Financial Statements

FY18 HALF YEAR REPORTSKELLERUP13
Cash Flow Statement for the half year ended 31 December 2017

 
Half year
Ended
31 Dec 2017
$000
(Unaudited)
Half year
Ended
31 Dec 2016
$000
(Unaudited)
Cash flows from operating activities 
 
Receipts from customers124,112103,367
Interest received173
Dividends received11
Payments to suppliers and employees(102,083)(86,264)
Income tax paid(6,334)(6,688)
Interest and bank fees paid(930)(771)
Net cash flows from/(used in) operating activities14,767 9,718
Cash flows from investing activities
Proceeds from sale of property, plant and equipment48847
Payments for property, plant and equipment(3,044)(8,093)
Payments for intangible assets (18)(173)
Net cash flows from/(used in) investing activities(2,574)(8,219)
Cash flows from financing activities
Proceeds from loans and advances3,2226,302
Dividends paid to equity holders of Parent(11,568)(10,604)
Net cash flows from/(used in) financing activities(8,346)(4,302)
Net increase/(decrease) in cash and cash equivalents3,847(2,803)
Cash and cash equivalents at the beginning of the period6,0229,511
Effect of exchange rate fluctuations337437
Cash and cash equivalents at the end of the period10,206 7,145

FY18 HALF YEAR REPORTSKELLERUP14
Notes to the Financial Statements for the half year ended 31 December 2017
1. Corporate Information
The financial statements of Skellerup Holdings Limited, for the half year ended 31 December 2017, were
authorised for issue in accordance with a resolution of the Directors dated 14 February 2018.
Skellerup Holdings Limited (‘the Company’) is a limited liability company incorporated and domiciled in
New Zealand. It is registered under the Companies Act 1993 with its registered office at Level 3,
205 Great South Road, Greenlane, Auckland. The Company is a Reporting Entity in terms of the
Financial Markets Conduct Act 2013 and is listed on the New Zealand Exchange (NZX Main Board) with
the ticker SKL.
Summary of Significant Accounting Policies
a) Basis of Preparation
This general-purpose condensed financial report for the half year ended 31 December 2017 has
been prepared in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial
Reporting.
The half year financial report does not include all notes of the type normally included within the annual
financial report and, therefore, cannot be expected to provide as full an understanding of the financial
performance, financial position and financing and investing activities of the consolidated entity as does
the full financial report.
It is recommended that the half year financial report be read in conjunction with the annual report for the
year ended 30 June 2017 and considered together with any public announcements made by Skellerup
Holdings Limited during the half- year ended 31 December 2017 in accordance with the continuous
disclosure obligations of the NZX listing rules.
All accounting policies and methods of computation are the same as those adopted in the most recent
annual financial report. Certain prior year figures have been reclassified for comparative purposes.
The financial statements are presented in New Zealand dollars and all values are rounded to the nearest
thousand dollars ($000).
2. Segment Information
The Group’s operating segments are Agri, Industrial and Corporate; these are the divisions reported
to the executive management and Board of Directors to assess performance of the Group and allocate
resources.
The principal measure of performance for each segment is EBIT (earnings before interest and tax).
As a result, finance costs and taxation have not been allocated to each segment.
Agri Segment
The Agri segment manufactures and distributes dairy rubberware, which includes milking liners, tubing,
filters and feeding teats, together with other related agricultural products and dairy vacuum pumps, to
global agricultural markets
Industrial Segment
The Industrial segment manufactures and distributes technical polymer products across a number of
industrial markets, including automotive, construction, infrastructure, mining and general industrial,
together with industrial vacuum pump equipment for a variety of industrial applications worldwide.
Corporate Segment
The Corporate segment includes the Parent Company and other central administration expenses that
have not been allocated to the Agri and Industrial segments.
Financial Statements

FY18 HALF YEAR REPORTSKELLERUP15
2. Segment Information
For the half year ended 31 December 2017
Agri
$000
Industrial
$000
Corporate/
Elimination
$000
Total
$000
Revenue43,07673,721(83)116,714
Segment EBIT9,53110,027(2,068)17,490
Profit before tax, finance costs and relocation
costs
17,490
Finance costs(930)
Profit before tax and relocation costs16,560
Relocation costs–
Profit before tax16,560
Income tax expense(4,872)
Net after tax profit   11,688
Assets and liabilities
Segment assets116,664109,96716,069242,700
Segment liabilities9,29119,93850,38179,610
Net assets107, 37390,029(34,312)163,090
Other segment information
Capital expenditure1,3211,74313,065
Cash flow
Segment EBIT9,53110,027(2,068)17,490
Adjustments for:
- Depreciation and amortisation2,1281,610313,769
- Non-cash items (785)(785)
Movement in working capital1,1201,101(2,126)95
Segment cash flow12,77912,738(4,948)20,569
Finance and tax cash expense(7, 264)
Movement in finance and tax accrual1,462
Net cash flow from operating activities   14,767

FY18 HALF YEAR REPORTSKELLERUP16
2. Segment Information (continued)
For the half year ended 31 December 2016
Agri
$000
Industrial
$000
Corporate/
Elimination
$000
Total
$000
Revenue36,60660,771(63)97, 3 14
Segment EBIT8,4097,1 5 8(2,290)13,277
Profit before tax finance costs and
relocation costs
13,277
Finance costs(554)
Profit before tax and relocation costs12,723
Relocation costs(33)
Profit before tax12,690
Income tax expense(3,763)
Net after tax profit   8,927
Assets and liabilities
Segment assets111,698103,25811,742226,698
Segment liabilities10,69016,78246,47773,949
Net assets101,00886,476(34,735)152,749
Other segment information
Capital expenditure6,1425272236,892
Cash flow
Segment EBIT8,4097,1 5 8(2,290)13,277
Adjustments for:
- Depreciation and amortisation1,9161,696283,640
- Non-cash items (551)(551)
Movement in working capital(1,061)(1,739)469(2,331)
Segment cash flow9,2647,115(2,344)14,035
Finance and tax cash expense( 7,459)
Movement in finance and tax accrual3,142
Net cash flow from operating activities   9,718

Financial Statements

FY18 HALF YEAR REPORTSKELLERUP17
3. Dividends Paid
Half year
Ended
31 Dec 2017
$000
Half year
Ended
31 Dec 2016
$000
Declared and paid during the period
Final dividend for June 2017 year on ordinary shares of 6.0 cents per
share, fully imputed, paid on 12 October 2017
(2016: 5.5 cents per share fully imputed paid on 13 October 2016)
Net dividend paid11,56810,604
Subsequent to the six-month period, the Board of Directors resolved to pay a fully imputed interim
dividend of 4.0 cents per share, on the 192,805,807 ordinary shares on issue for a total amount of
$7,712,232. The dividend will be paid on 22 March 2018 to shareholders on the register at 5.00pm on
9 March 2018. The Dividend Reinvestment Plan will not be operative for this dividend payment.
This compares to the prior-year interim dividend of 3.5 cents per share, totalling $6,748,203 which was
paid on 23 March 2017.
4. Interest-bearing Loans and Borrowings
Bank loans are provided under a $60 million multi-currency facility agreement with ANZ Bank New
Zealand Limited which has a review date of 15 June 2020.
5. Events after the Balance Sheet Date
There have been no subsequent events after 31 December 2017 requiring disclosure.

FY18 HALF YEAR REPORTSKELLERUP18
Directors
EM Coutts, ONZM, BMS, FCA, CFloD
Chair
BD Cushing, BCom, ACA
AR Isaac, CNZM, BCA, FCA, FCIS
DW Mair, BE, MBA
WJ Strowger, LLB (Hons)
Officers
DW Mair, BE, MBA
Chief Executive Officer
GR Leaming, BCom, CA
Chief Financial Officer
Registered Office
L3, 205 Great South Road
Greenlane
Auckland 1051
New Zealand
PO Box 74526
Greenlane
Auckland 1546
New Zealand
T +64 9 523 8240
E ea@skellerupgroup.com
W www.skellerupholdings.com
Legal Advisors
Chapman Tripp
23 – 29 Albert Street
Auckland 1010
New Zealand
Bankers
ANZ Bank New Zealand Limited
23 – 29 Albert Street
Auckland 1010
New Zealand
Auditors
Ernst & Young
2 Takutai Square
Britomart
Auckland 1010
New Zealand
Share Registrar
Computershare Investor Services Limited
Private Bag 92119
Auckland 1142, New Zealand
159 Hurstmere Road
Takapuna, Auckland 0622
New Zealand
Corporate Directory
Where we operate
Asia and Other
Australia
Sydney, Melbourne
China – Baochang
Vietnam – Ho Chi Minh City

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New Zealand
Auckland, Featherston
Christchurch
North America
Europe
Chicago, Falconer, Lincoln,
Charlotte
UK – Nailsea, Witney
Italy – Ala
Managing your Shareholding Online:
To change your address, update your payment
instructions and to view your investment
portfolio including transactions, please visit:
www.computershare.co.nz/investorcentre
General enquiries can be directed to:
enquiry@computershare.co.nz
Private Bag 92119
Auckland 1142
New Zealand
T +64 9 488 8777
F +64 9 488 8787
Please assist our registrar by quoting your CSN
or shareholder number.
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Skellerup Holdings Limited
L3, 205 Great South Road
Greenlane, Auckland 1051, New Zealand
PO Box 74526, Greenlane
Auckland 1546, New Zealand
T +64 9 523 8240
E ea@skellerupgroup.com
W www.skellerupholdings.com