Mainfreight Half Year Financial Results 30 September 2020

PRELIMINARY HALF YEAR REPORT ANNOUNCEMENT
Mainfreight Limited
For Half Year Ended 30 September 2020
Preliminary half year report on consolidated results (including the results for the previous corresponding half year).
Interim Financial Reporting and fairly presents the matters to which the report relates and is based on unaudited financial statements.
The Listed Issuer has a formally constituted Audit Committee of the Board of Directors.
Income Statement for the Six Months Ended 30 September 2020
Note30 Sept30 Sept31 March
202020192020
$000$000$000
Operating Revenue1,608,861 1,500,466 3,094,736
Interest Income- - 658
Total Revenue1,608,861 1,500,466 3,095,394
Transport Costs(953,205) (883,029) (1,803,460)
Labour Expenses(350,132) (342,792) (670,103)
Other Expenses(100,772) (98,188) (222,502)
Depreciation of Right of Use Assets(60,749) (53,435) (111,877)
Finance Costs Relating to Lease Liabilities(8,394) (8,226) (17,021)
Other Depreciation and Amortisation Expenses(30,602) (28,542) (57,852)
Other Finance Costs(2,742) (3,406) (6,326)
Profit Before Abnormal Items and Taxation for the Year102,265 82,848 206,253
Income Tax on Profit Before Abnormal Items(29,348) (23,719) (58,278)
Net Profit Before Abnormal Items for the Year72,917 59,129 147,975
Abnormal Items4- - (4,783)
Income Tax on Abnormal Items4- - 1,309
Abnormal Tax Item - Reversal of deferred tax liability on buildings414,700
Abnormal Items After Taxation4- - 11,226
Profit Before Taxation for the Year102,265 82,848 201,470
Income Tax Expense(29,348) (23,719) (42,269)
Net Profit for the Yea
r72,917 59,129 159,201
Earnings per share for profit attributable to the ordinary equity holders of the company are:
CentsCentsCents
Basic and Diluted Earnings Per Share: Total Operations72.4158.72158.10
Statement of Comprehensive Income for the Six Months Ended 30 September 2020
Net Profit for the Year72,917 59,129 159,201
Other Comprehensive Incom
e
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Exchange Differences on Translation of Foreign Operations(8,555) 17,827 23,850
Income Tax effect(1,078) 1,487 3,323
Net Other comprehensive income to be reclassified to profit (loss) in subsequent periods(9,633) 19,314 27,173
Other comprehensive income not to be reclassified to profit or loss in subsequent periods:
Revaluation of Land including Foreign Exchange Movements109 663 1,233
Income Tax effect- - -
Net Other comprehensive income not to be reclassified to profit (loss) in subsequent periods109 663 1,233
Other comprehensive income not to be reclassified to profit or loss in subsequent periods:
Defined Benefit Pension Provision15 (15) (228)
Income Tax effect- - 57
Net Other comprehensive income not to be reclassified to profit (loss) in subsequent periods15 (15) (171)
Other Comprehensive Income for the Year, Net of Ta
x(9,509) 19,962 28,235
Total Comprehensive Income for the Year, Net of Ta
x63,408 79,091 187,436

Balance Sheet as at 30 September 2020
Note30 Sept30 Sept31 March
202020192020
$000$000$000
Current Assets
Bank128,206 102,334 116,140
Trade Debtors388,783 420,659 420,839
Income Tax Receivable1,594 - 2,937
Other Debtors62,665 64,511 73,129
581,248 587,504 613,045
Non-current Assets
Property, Plant & Equipment808,353 741,549 776,575
Right of Use Assets2577,060 587,593 615,250
Software52,507 51,988 53,542
Goodwill217,580 218,545 226,566
Brand Names- 3,991 -
Other Intangible Assets3,012 5,656 4,578
Deferred Tax Asset15,389 6,405 15,038
1,673,901 1,615,727 1,691,549
TOTAL ASSETS22,255,149$ 2,203,231$ 2,304,594$
Current Liabilities
Bank- - 6
Trade Creditors & Accruals341,318 347,125 339,562
Employee Entitlements66,902 65,168 69,565
Provision for Taxation4,782 3,964 19,207
Lease Liability for Right of Use Assets2123,221 110,166 124,128
Finance Lease Liability2,056 2,266 2,732

538,279 528,689 555,200
Non-current Liabilities
Bank Term Loan239,475 283,648 267,698
Employee Entitlements3,288 3,122 2,887
Deferred Tax Liability6,589 18,600 6,654
Lease Liability for Right of Use Assets2469,856 481,853 502,734
Finance Lease Liability2,152 4,150 3,082
721,360 791,373 783,055
Shareholders' Equity
Share Capital385,821 85,821 85,821
Accumulated Surplus812,400 698,823 773,720
Revaluation Reserve90,713 90,034 90,604
Foreign Currency Translation Reserve7,034 8,808 16,667
Defined Benefit Pension Reserve(458) (317) (473)
TOTAL EQUITY2995,510 883,169 966,339
TOTAL LIABILITIES AND EQUITY22,255,149$ 2,203,231$ 2,304,594$
The accompanying notes form an integral part of these financial statements.

Statement of Changes in Equity for the Six Months Ended 30 September 2020
Six Months to 30 September 2020ForeignDefined
AssetCurrencyBenefit
OrdinaryRevaluationTranslationPensionRetainedTOTAL
SharesReserveReserveReserveEarnings$000
Balance at 1 April 202085,821 90,604 16,667 (473) 773,720 966,339
Profit for the Period72,917 72,917
Other Comprehensive Income109 (9,633) 15 (9,509)
Total Comprehensive Income for the Period- 109 (9,633) 15 72,917 63,408
Transactions with Owners in Their Capacity as Owners:
Supplementary Dividends(1,140) (1,140)
Dividends Paid(34,237) (34,237)
Foreign Investor Tax Credit1,140 1,140
Balance at 30 September 202
085,821 90,713 7,034 (458) 812,400 995,510
Six Months to 30 September 2019ForeignDefined
AssetCurrencyBenefit
OrdinaryRevaluationTranslationPensionRetainedTOTAL
SharesReserveReserveReserveEarnings$000
Balance at 1 April 201985,821 89,371 (10,506) (302) 673,931 838,315
Profit for the Period59,129 59,129
Other Comprehensive Income663 19,314 (15) 19,962
Total Comprehensive Income for the Period- 663 19,314 (15) 59,129 79,091
Transactions with Owners in Their Capacity as Owners:
Supplementary Dividends(1,394) (1,394)
Dividends Paid(34,237) (34,237)
Foreign Investor Tax Credit1,394 1,394
Balance at 30 September 201985,821 90,034 8,808 (317) 698,823 883,169
Twelve Months to 31 March 2020ForeignDefined
AssetCurrencyBenefit
OrdinaryRevaluationTranslationPensionRetainedTOTAL
SharesReserveReserveReserveEarnings$000
Balance at 1 April 201985,821 89,371 (10,506) (302) 673,931 838,315
Profit for the Period159,201 159,201
Other Comprehensive Income1,233 27,173 (171) 28,235
Total Comprehensive Income for the Period- 1,233 27,173 (171) 159,201 187,436
Transactions with Owners in Their Capacity as Owners:
Supplementary Dividends(2,413) (2,413)
Dividends Paid(59,412) (59,412)
Foreign Investor Tax Credit2,413 2,413
Balance at 31 March 202
085,821 90,604 16,667 (473) 773,720 966,339

Cash Flow Statement for the Six Months Ended 30 September 2020
Note30 Sept30 Sept31 March
202020192020
$000$000$000
Cash Flows From Operating Activities
Receipts from Customers1,890,812 1,710,462 3,092,861
Interest Received- - 658
Payments to Suppliers and Team Members(1,648,586) (1,535,622) (2,705,526)
Notional Finance Charge on NZ IFRS 16 Leases(8,394) (8,226) (17,021)
Interest Paid(2,743) (3,406) (6,326)
Income Taxes Paid(42,580) (40,132) (63,846)
NET CASH FLOWS FROM OPERATING ACTIVITIES188,509 123,076 300,800
Cash Flows From Investing Activities
Proceeds from Sale of Property, Plant & Equipment2,386 1,202 4,930
Proceeds from Sale of Software- 38 52
Repayments by Team Members2 6 -
Purchase of Property, Plant & Equipment(49,719) (84,624) (143,286)
Purchase of Software(7,502) (7,147) (16,728)
Advances to Team Members- - -
NET CASH FLOWS FROM INVESTING ACTIVITIES(54,833) (90,525) (155,032)
Cash Flows From Financing Activities
Proceeds of Long Term Loans30,000 42,391 40,554
Dividend Paid to Shareholders(34,237) (34,237) (59,412)
Repayment of Loans(58,462) (9,213) (32,421)
Lease Payments NZ IFRS16 (55,978) (49,117) (100,644)
NET CASH FLOWS FROM FINANCING ACTIVITIES(118,677) (50,176) (151,923)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS14,999 (17,625) (6,155)
Net Foreign Exchange Differences(2,927) 4,779 7,109
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD116,134 115,180
115,180
CASH AND CASH EQUIVALENTS AT END OF PERIO
D128,206 102,334 116,134
Comprised
Bank and Short Term Deposits128,206 102,334 116,140
Bank Overdraft- - (6)
128,20
6 102,334 116,134
The accompanying notes form an integral part of these financial statements.

1Corporate Information
The preliminary half year report announcement of Mainfreight Limited ("the parent") and its subsidiaries ("the Group")
for the six months ended 30 September 2020 were authorised for issue in accordance with a resolution of the Directors.
Mainfreight Limited is a company limited by shares incorporated in New Zealand whose shares are publicly
traded on the NZX Main Board (New Zealand Stock Exchange).
2
Accounting Policies
Accounting policies remain consistent with the prior year ended 31 March 2020 financial statements.
3
Required NZX DisclosuresParent
Movements in Ordinary Shares on Issue30 Sept30 Sept31 March
202020192020
SharesSharesShares
Closing Balance100,698,548 100,698,548 100,698,548
Net Tangible Assets ($000s)707,022 596,584 666,615
Net Tangible Assets per Security (cps)702.12592.45661.99
Note :Intangibles now include software and deferred tax assets.
Dividends Paid and Proposed
Group
30 Sept30 Sept
20202019
$000$000
Recognised Amounts
Declared and Paid During the Year to Parent Shareholders
Final Fully Imputed Dividend for 2020: 34.0 cents (2019: 34.0 cents)34,237 34,237
34,237 34,237
Unrecognised Amounts
Interim Fully Imputed Dividend for 2021: 30.0 cents (2020: 25.0 cents)30,210 25,175
After the balance date, the above unrecognised dividends were approved by directors' resolution dated 11 November 2020
These amounts have not been recognised as a liability as at 30 September 2020 but will be brought to account in the full
year to 31 March 2021.
4
Abnormal Items
During the six months the Group had no abnormal expenses (September 2019 nil). The related after tax
expense was nil (September 2019 nil).
These items comprised of:
Group
September 2020 Six MonthsPre-TaxTaxAfter Tax
$000$000$000
Redundancies- - -
- - -
Group
September 2019 Six MonthsPre-TaxTaxAfter Tax
$000$000$000
Redundancies- - -
- - -

5Segmental Reporting
An operating segment is a component of an entity that engages in business activities from which it may earn revenues and incur expenses whose
operating results are regularly reviewed by the entity’s chief operating decision maker and for which discrete financial information is available.
The Group operates in the domestic supply chain (i.e. moving and storing freight within countries) and air and ocean freight industries
(i.e. moving freight between countries).
New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform both
domestic and air and ocean services.
The accounting policies of the operating segments are the same as those described in the notes in note 2 with the exception of
deferred tax and the fair value of derivative financial instruments which are not reported on a monthly basis.
The segmental results from operations are disclosed below.
Geographical Segments
The following table represents revenue, margin and certain asset information regarding geographical segments for the six months ended
30 September 2020 and 30 September 2019. Inter segment transactions are entered into on a fully commercial basis.
With the introduction of NZ IFRS 16 it was determined that EBITDA (adjusted) was no longer appropriate to use as a segment measure and
to replace it with Profit Before Tax and Abnormals (PBT).
NewAustraliaTheAsiaEuropeInter-2020
ZealandAmericasSegment $000
Operating Revenue
-Sales to customers 378,895 432,211 387,041 67,013 343,701 - 1,608,861
outside the group
-Inter-segment sales750 11,677 22,964 58,821 21,421 (115,633) -
Total Revenue379,645 443,888 410,005 125,834 365,122 (115,633) 1,608,861
PBT37,500 32,757 13,264 6,205 12,539 - 102,265
Net Interest Expense2,099 4,627 2,559 72 1,779 - 11,136
Depreciation & Amortisation23,770 22,899 13,639 1,604 29,439 - 91,351
Capital Expenditure29,546 13,324 4,646 911 6,408 - 54,835
Trade Receivables82,757 93,778 105,216 34,629 96,226 (23,823) 388,783
Non-current Assets578,318 467,232 213,923 18,652 395,776 - 1,673,901
Total Assets661,776 603,154 364,719 78,914 570,409 (23,823) 2,255,149
Total Liabilities281,511 358,822 238,456 46,035 358,638 (23,823) 1,259,639


NewAustraliaTheAsiaEuropeInter-2019
ZealandAmericasSegment $000
Operating Revenue
-Sales to customers 362,571 380,635 372,068 54,872 330,320 - 1,500,466
outside the group
-Inter-segment sales(108) 9,364 24,441 33,695 18,645 (86,037) -
Total Revenue362,463 389,999 396,509 88,567 348,965 (86,037) 1,500,466
PBT34,266 16,165 14,894 3,807 13,716 - 82,848
Net Interest Expense1,713 5,289 2,420 50 2,160 - 11,632
Depreciation & Amortisation22,402 22,148 11,353 1,545 24,529 - 81,977
Capital Expenditure24,566 54,905 2,846 288 7,926 - 90,531
Trade Receivables92,004 115,219 118,512 26,116 91,008 (22,200) 420,659
Non-current Assets540,643 466,396 198,161 17,245 393,282 - 1,615,727
Total Assets636,459 614,936 350,370 68,142 555,524 (22,200) 2,203,231
Total Liabilities318,269 391,409 235,840 37,859 358,885 (22,200) 1,320,062

Product Segments
The following table represents Revenue and PBT regarding the three main types of services for the six months ended
30 September 2020 and 30 September 2019.
DomesticWarehousingAir & Ocean2020
TransportForwarding $000
Revenue746,578 214,503 647,780 1,608,861
PBT57,446 16,124 28,695 102,265
DomesticWarehousingAir & Ocean2019
TransportForwarding $000
Revenue746,241 192,457 561,768 1,500,466
PBT45,673 12,692 24,483 82,848
Reconciliation between non-GAAP and the Income Statement20202019
$000$000
Profit Before Taxation for the Year102,265 82,848
Abnormal Items- -
Profit Before Abnormal Items and Taxation for the Year102,265 82,848
Interest Income- -
Finance Costs Relating to Lease Liabilities8,394 8,226
Other Finance Costs2,742 3,406
EBITA113,401 94,480
Depreciation of Right of Use Assets60,749 53,435
Other Depreciation and Amortisation Expenses30,602 28,542
EBITDA (adjusted)204,752 176,457
EBITDA (adjusted) is defined as earnings before net interest expense, tax, depreciation, amortisation and abnormal items.
There are no customers in any segment that comprise more than 10% of that segment's revenue.
Bank term loan is allocated based on segment net assets excluding bank term loan.
The geographical segments are determined based on the location of the Group's assets.

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MAINFREIGHT LIMITED

Mainfreight Lane | off Saleyards Road | Otahuhu 1062 | New Zealand
Tel +64 9 259 5500 | Fax +64 9 270 7400
PO Box 14-038 | Panmure | Auckland 1741 | New Zealand


Supporters of
MAINFREIGHT – GLOBAL LOGISTICS




MAINFREIGHT LIMITED

Financial result for the six months ended 30 September 2020 (Unaudited)

Commentary
Mainfreight is pleased to announce our half-year financial results to 30 September 2020
which are in line with the guidance issued in October, and a satisfactory improvement
on the same period in the prior year.

Revenue $1.609 billion Up $108.39 million or 7.2%
Profit before tax $102.26 million Up $19.42 million or 23.4%

This result reflects the strong improvement in performance in our Australian and
New Zealand operations, supported by ongoing progress in our Asian business.

Profitability in the Americas continues to improve month by month, closing in on the
prior year’s first half, and while our European operations are also trading behind the
year prior at this point, we have seen improved trading subsequent to 30 September
2020. This supports an optimistic view of ongoing improvement in both regions,
notwithstanding the reintroduction of Covid-19 related lockdowns/restrictions.

- 2 -

Divisional Performance (figures in local currencies)

New Zealand (NZ$)
Revenue $378.90 million Up $16.32 million or 4.5%
Profit before tax $37.50 million Up $2.87 million or 8.3%

Strong domestic and international volumes continue to benefit our New Zealand
business units, particularly in the last three months, which has seen the impact of the
Covid-19 level 4 restrictions in April and May redressed.

Ongoing customer gains and strong consumer growth trends are providing record
tonnage across our Transport networks.

Warehousing activity is pleasing, albeit inventory levels are low due to congested
shipping and air supply chains.

Our Air & Ocean business continues to see good results in both import and export
trade. Space constraints are frustrating, but we have seen revenue levels improve, in
part by increased freight rates from shipping and air lines.

Trading in October and now into November continues this improvement, with
pre-Christmas volumes expected to increase further and the benefit of new customers
assisting.

Australia (AU$)
Revenue AU$403.21 million Up AU$42.79 million or 11.9%
Profit before tax AU$30.56 million Up AU$15.60 million or 104.3%

A very pleasing result from our Australian operations led by strong domestic transport
performance.

In our Transport business, the combination of ongoing market share growth and
enhanced network efficiency has seen sales revenues increase alongside improving net
margins. Three branches have been opened in this half-year, with a further six planned.

- 3 -

Warehousing growth continues, with utilisation at 90% despite international supply
chain congestion.

While profitability continues to improve in our Air & Ocean division, margins have been
impacted as shipping and air freight rates increase.

Expectations are for a further increase in freight volumes pre-Christmas, and as a
consequence of Victoria reopening after 112 days of lockdown.

Asia (US$)
Revenue US$42.94 million Up US$6.95 million or 19.3%
Profit before tax US$3.98 million Up US$1.48 million or 59.2%

A pleasing result from our Asian business. Demand for both shipping and air space is
assisting our sales growth, albeit space availability and equipment are difficult to find.
We have also seen better performance from our Southeast Asian branches, particularly
as some manufacturing has moved to this region from China.

Air freight growth has been assisted by Covid-19 related tonnage, and the establishment
of specialised air freight branches within the network.

Freight revenues leading into Christmas remain elevated, and we expect the current
profit and revenue trends to continue.

The Americas (US$)
Revenue US$248.02 million Up US$3.98 million or 1.6%
Profit before tax US$8.50 million Down US$(1.27) million or (13.0)%

A disappointing overall result from our American businesses, particularly in our
domestic Transport operations and in CaroTrans (our NVOCC wholesale sea freight
business).

Improved performance in our Warehousing business has resulted in good revenue
growth and increased warehouse utilisation. Additional Warehousing sites are currently
being planned for Chicago and Dallas, on increased customer enquiry.

- 4 -

Air & Ocean revenues continue to increase, with trading in the last month exceeding
expectations. Air freight in particular has shown pleasing progress.

Transport volumes were impacted during the half year, but we have seen good signs of
improvement in the past month as more customers open manufacturing and
warehousing activities. Customer gains have been satisfactory, and we expect sales
revenues to improve with Christmas trading.

CaroTrans has been our most disappointing performer, with both revenue and
profitability much reduced compared with the same period in the prior year. While
trading has seen small improvements in the last month, CaroTrans’ year-end result will
be behind the year prior.

A difficult first half for our American operations, however better results in October, and
now into November, indicate an improved second six months.

Europe (Euro €)
Revenue €193.78 million In line with prior year
Profit before tax €7.07 million Down €(0.97) million or (12.1)%

A poorer than expected result, as our European operations continue to struggle from the
economic effects of Covid-19.

Low inventory levels brought about by high consumer demand, and constrained supply
chains have impacted our Warehousing profitability.

While intra-European Transport volumes have been steady, increased short-term
illness has had a negative impact on efficiency levels and margins.

Air & Ocean revenues have improved, however capacity constraints across sea and air
carriers have reduced margins.

Revenue growth will be aided by an amount of new business gained, and we expect
improved performance through the balance of the financial year. While several
European countries have recently enforced further lockdowns, activity remains
consistent at pre-lockdown levels.

- 5 -

Group Operating Cash Flows
Operating cash flows were $188.51 million, up from $123.08 million in the prior year,
reflecting increased profitability and strong cash collection.

Net debt is $115.48 million, down from $157.38 million at 31 March 2020, a decrease of
$41.90 million.

Gearing ratios decreased from 14.0% at 31 March 2020 to 10.4%.

During the half-year, net capital expenditure totalled $54.83 million, with expenditure for
land and buildings accounting for $31.32 million, plant and equipment of $16.01 million,
and information technology of $7.50 million.

Our expectations are for capital expenditure for the full financial year ending 31 March
2021 to be in the range of $103 million. A further $114 million is estimated for capital
expenditure in the 2022 financial year.

Network development remains a key strategy; a land acquisition opportunity in Auckland
is likely to settle in this current financial year.

Dividend
The Directors have approved an interim dividend of 30.0 cents per share fully imputed
at the 28% company tax rate, with the books closing on 11 December 2020; payment
will be made on 18 December 2020. This is a 20.0% increase on the prior year’s
interim dividend.

Senior Executive Retirement
Kevin Drinkwater, Mainfreight’s Global Technology Manager, has announced his
intention to retire at the end of 2020. His successor will be appointed from within the
business, and will be announced shortly.

Kevin’s 34-year tenure with the business has spanned a variety of roles, however his
most significant contribution has been the oversight of all aspects of our Technology for
the last 19 years. Thanks to Kevin and his team, we have a global business running on
integrated technology platforms, providing our people with the tools and information to
support our quality services, and our customers with visibility across their supply chains.

- 6 -

Outlook
A pleasing half-year result considering the slow start to the year through the Covid-19
lockdowns in the various countries and regions.

We are extremely proud of our people, across our global network, who have worked
tirelessly to produce these results, navigating the hurdles and fallout from the Covid-19
pandemic and finding solutions for our customers.

We expect to see ongoing improvement across all of our regions as we continue to
grow market share and adjust our businesses to the fluctuating economic climate. In
Australasia, the normal pre-Christmas volume increase is expected, and is likely to be
level or ahead of trading experienced last year.

Strong consumer demand and congested international supply chains are proving to be
challenging for our customers and people alike. The current conditions are however
providing opportunities for more growth and attracting new customers, as they look for
improved service and more certainty in their freight and inventory management.

This confidence provides us with greater certainty to further invest in our network, with
more regional expansion underway, and to increase our commitment to more land and
buildings where appropriate.

Mainfreight will release its full-year results for the 2021 financial year to the market on
26 May 2021. It is our expectation that this full-year result will be much improved on the
year prior.


For further information, please contact Don Braid, Group Managing Director,
telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com.

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Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Results for announcement to the market
Name of IssuerMainfreight Limited
Reporting Period6 months to 30 September 2020
Previous Reporting Period6 months to 30 September 2019
CurrencyNZD
Amount (000s)Percentage Change
Revenue from Continuing Operations$1,608,8614.9%
Total Revenue$1,608,8614.9%
Net Profit/(Loss) from Continuing Operations$72,9176.2%
Total Net Profit/(Loss)$72,9176.2%
Interim/Final Dividend
Amount per Quoted Equity Security$0.30000000
Imputed Amount per Quoted Equity Security$0.05294118
Record Date11/12/2020
Dividend Payment Date18/12/2020
Current PeriodPrior Comparable Period
Net tangible assets per Quoted Equity Security$7.0212$5.9245
A brief explanation of any of the figures above
necessary to enable the figures to be
understood
Name of person authorised to make this
announcement
Contact person for this announcement
Contact phone number
Contact email address
Date of release through MAP
11/11/2020
Unaudited financial statements accompany this announcement.
Authority for this Announcement
Tim Williams, Chief Financial Officer
Tim Williams
+64 9 259 5510
tim@mainfreight.com

---

Distribution Notice
(for Equity Security issuer/Equity and Debt Security issuer)
Section 1: Issuer Information
Name of Issuer
Financial product name/description
NZX ticker code
ISIN
Full YearQuarterly
Half YearxSpecial
DRP Applies
Record date
Ex-Date (one business day before the
Record Date)
Payment date (and allotment date for DRP)
Total monies associated with the distribution
Source of distribution (for example, retained
earnings)
Currency
Section 2: Distribution Amounts per Financial Product
Gross Distribution
Gross Taxable Amount
Total Cash Distribution
Excluded Amount (applicable to listed PIEs)
Supplementary Distribution Amount
If fully or partially imputed, please state
imputation rate as % applied
Imputation tax credits per financial product
Resident Withholding Tax per financial
product
N/A
Authority for this Announcement
Name of person authorised to make this
announcement
Contact person for this announcement
Contact phone number
Contact email address
Date of release through MAP
Mainfreight Limited
Ordinary Shares
MFT
NZMFTE0001S9
Type of distribution
(Please mark with an X in the
relevant box/es)
11/12/2020
10/12/2020
18/12/2020
$30,209,564
Retained Earnings
NZD
$0.41666667
$0.41666667
$0.30000000
$0.05294118
Section 3: Imputation Credits and Resident Withholding Tax
Is the Distribution imputed?
Fully imputed
Partial imputation
No imputation
28.0%
$0.11666667
$0.02083333
Section 4: Distribution Re-investment Plan (not applicable)
tim@mainfreight.com
11/11/2020
Tim Williams, Chief Financial Officer
Tim Williams
+64 9 259 5510