2021 Half Year Announcement

8 April 2021
Company Announcement

SCOTT ANNOUNCES FY21 INTERIM RESULTS
• Positive momentum as the Scott 2025 strategy takes hold, delivering a streamlined cost
structure, a focus on core areas of proven expertise and improved performance
• Year on year increases in revenue and EBITDA and strong gross margin improvement
• Revenue up 5% to $104.5m, gross margin up 28% to 23%, EBITDA of $11.2m and net profit
after tax of $4.7m
• Strong programme of forward work with new system design and build contracts in Europe,
USA, China and Australasia and continuing growth in product and service businesses
• Dividend declared of 2.0 cents per share
Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released
its unaudited interim results for the six months to 28 February 2021 (H1 F21).
The results reflect the positive momentum being gained as the Scott 2025 strategy takes hold and as
most regions commence the recovery from COVID-19. This has seen forward work programs in
Europe, USA, China and Australasia grow firmly from this time a year ago as new system design and
build contracts have been awarded at a steady and focused pace over recent months.
The product and service businesses of Scott are continuing to show strong recovery and positive
margin performances. The mining products and parts business - Rocklabs - together with the
BladeStop product revenues into the meat industry are showing strong growth on prior year. Service
revenues across several key markets are also growing as the team places increasing importance on
executing up-front service level agreements with key customers.
These revenue streams are all supported by the streamlined operating cost structure now in place
following last year’s restructuring activity across all regions and Group head office. This is seeing an
increase in margins.
The focus on employee health and safety across the Group is reflected in a large increase in reported
near-misses – seen as a forward-looking indicator as avoids potential future risk – while the ‘lag’
indicators of lost time injuries fell to zero at the half year. This is great progress and a result of the
deep and sincere commitment from employees across the Scott Group.
CEO of Scott Technology John Kippenberger, said: “Despite the ongoing disruptions of the global
pandemic and the pressures this continues to place on our international operations and travel, the
team at Scott has demonstrated strong progress with our new focused strategy, including positive
strides forward on team safety and earnings performance.

Our priority remains to deliver in our proven areas of expertise in systems technology, products and
service. As the world begins to slowly open up as vaccines are rolled out, we are confident of
building on the early positive momentum seen in H1 F21”.

Results overview
Results Snapshot
$M
H1 F21 H1 F20 H1 F19
Revenue 104.5 99.0 111.4
EBITDA 11.2 (12.2) 10.4
Non-trading adjustments (1.4)
1
(11.8) 0.0
Normalised EBITDA 9.8 (0.4) 10.4
Net Profit After Tax 4.7 (13.7) 5.2
Cash 6.2 0.0 0.0
Overdraft 0.0 (9.0) (5.7)
Term Loans (9.1) (11.2) (7.2)
Net Debt (2.9) (20.2) (12.9)
Operating Cash Flow 5.3 0.9 (6.4)
1: Non trading adjustments related to receipt of the wage subsidy
H1 F21 revenue of $104.5m was 5% higher than the prior comparative period (pcp) as Scott’s strategy
of more revenue from proven systems, product and service delivers revenue growth.
EBITDA of $11.2m recovered to exceed the pre-COVID performance of $10.4m from the first half of
FY19.
Improved revenue as well as a significant right sizing program delivered a 28% improvement in Gross
Margins to 23%. The right sizing program also contributed significantly to the growth in EBITDA, with
overhead cost reduction falling $4.1m, a drop of 25% versus H1 F20.
Net profit after tax (NPAT) was $4.7m for the six months, significantly ahead of pcp which included
the costs associated with the right sizing programme in 2020.
Operating Cash Flow of $5.3m was $4.4m ahead of H1 F20. The Group had cash in the bank of $6.2m
as at 28 February 2021.
Net Debt of $2.9m remained stable relative to the FY20 year-end position ($3.4m). An upgraded bank
facility has recently been agreed with Scott’s existing provider to support further growth and working
capital requirements.
In recognition of the progress made by the Company, the Directors are pleased to declare an interim
(unimputed) dividend of 2.0 cents per share, payable on 10 May 2021. The Dividend Reinvestment
Plan will apply.

COVID-19 Update
The impact of COVID-19 is still being felt deeply across the Group, as travel restrictions within markets
and across continents often prevent sales meetings in person and continues to inhibit some projects
with balancing the project skill needs with the resources available within that state or region.
However, the Scott team, through its agility and adapting to new ways of working – including
completing factory acceptance testing by virtual technology - has seen many examples of positive
forward progress notwithstanding the travel challenges.
With the roll-out of the vaccine around the world we look forward to operating again in a more ‘open’
environment later in 2021.

3

As the markets open up and industrial demand for automation continues to grow, the key priority for
our team is to remain focused and committed to our core areas of proven expertise, avoiding unknown
areas of risk. This is the central underlying theme of Scott 2025.

Regional Business Updates

Scott Europe - Emerging from BREXIT and COVID-19
Our European business has delivered an important and timely lift in business performance for the first
half as work levels build – through projects including, but not limited to, McCain and Alliance. Service
work continues to grow and the product business of BladeStop (meat) and Normaclass (meat) gains
traction through executive attention and growing market demand.
The business is seeing a growing appetite from within the European Union food industry in particular,
to re-start investment in capacity expansion projects. This is delivering positive signs in the level of
inbound interest and pipeline of opportunities for Scott.
Europe
H1 F21 H1 F20
Results Snapshot $M % $M %
Revenue
28.2 36.5
Normalised EBITDA
2.6 9.3% (0.0) 0.0%

Scott Australas ia – Strong product & service demand supported by positive new projects
Strong global demand in our mining product business – Rocklabs - has combined with a focused
growth in our service business to provide important cashflow and margin generation within our
Australasian business. Our BladeStop product business is also seeing steady demand again, as more
focus and support is applied to this important part of our business.
New project work in the form of large meat automation systems - most notably Alliance (NZ), a leading
meat processor (Australia) and poultry trussing (USA) – together with the completion of a number of
mid-size industrial automation projects, has seen an important return to profitability for our projects
business in New Zealand and Australia. Our mining team is deeply embedded in the commissioning
of a large complex automated laboratory system in West Australia for mining services provider
MinAnalytical, while the two large Rio Tinto projects continue to track through the design and build
phases towards the planned ex-factory timelines.
Demand signals for our meat business – products and systems – and mining products business
continue to remain positive.
ANZ H1 F21 H1 F20
Results Snapshot $M % $M %
Revenue 51.1 33.7
Normalised EBITDA 5.8 11.4% 1.1 3.3%

4


Scott China – Growing workloads from washer cabinet demand in the whitegoods sector
The team in China continue to experience positive growth through ongoing demand for our quality
automation solutions into the whitegoods appliance sector.
While in itself our China business is in the early stages of its life, the growth opportunities are clear
and our ambitions to build a much larger business in China remain on track. Further, the Scott China
team and operation will play an increasing role in our supply strategy for the European and American
industries.
China
H1 F21 H1 F20
Results Snapshot $M % $M %
Revenue
6.1 2.2
Normalised EBITDA
1.5 24.7% (0.7) -31.5%

Scott North America – Steady demand across fork-trucks (AGV’s), BladeStop (meat) and service
Despite the pandemic rampaging across most states, our American team has continued to experience
positive inbound interest in its core AGV business. This demand from the industrial and automotive
sectors, together with a stable revenue performance of our refurbished robot business – Robotworx -
has seen a solid financial performance for the first half of 2021.
Our BladeStop safety saw product has seen strong growth in revenues for H1 over the prior year. We
maintain a high conviction in our belief that there is still significant unmet demand for BladeStop in
the North American market as the protein industry looks for safer alternatives to the traditional high-
risk band-saw. Work will continue at Scott to focus resources to deliver on this market potential.
The important poultry trussing automation project with Pilgrims is progressing positively towards its
planned NZ ex-factory date. Our US customer Pilgrims, one of America’s largest bird processors, is
heavily engaged with this project including initial plans around the roll-out of this new technology
throughout its operations.
North America H1 F21 H1 F20
Results Snapshot $M % $M %
Revenue 19.1 26.6
Normalised EBITDA 3.5 18.2% 3.5 13.2%

Scott 2025 Strategy Update
Good progress has been made on the Scott 2025 strategy that was introduced along with the 2020
Half Year Results last May.
• Authentic Customer Partnerships: Secured significant repeat business across all sectors e.g. Rio
Tinto, Alliance, Little Swan, Bosch, Candy Haier, McCain.
• Leading Edge Technology: Positive growth across our Rocklabs sample preparation and BladeStop
product businesses.
• One Global Team: Significant decrease in lost time injuries, and continued focus on employee
retention, development and wellness.
• Operational Excellence: Delivered sustainable margin improvement across all regions.

5

• Robust Global Platforms: Positive pipeline of forward work operating off a reduced and more
streamlined cost structure.

Sector updates
Mining: The continuation of strong global precious metal prices is underpinning ongoing investment
in mining capacity globally (West Australia, Russia, North America and West Africa). We expect this
activity will continue to support ongoing demand for our mining parts business, exporting to the global
mining sector from our factory in Auckland, New Zealand.
Our mining laboratory design and build business will advance our reputation and strengths around the
‘semi-automated’ end of the standalone-product-to-fully-automated continuum.
Meat: As mentioned previously, we are seeing strong ongoing demand signals for our BladeStop
safety-saw product and automation and robotic systems. In the system space, our primary focus will
continue to be on selling more lamb primal systems into the ANZ meat sector and rolling out the new
poultry trussing systems across Pilgrims in the US and across other relevant markets (UK and Australia
most notably).
Appliances: While this sector is seeing positive investment in capacity from the world’s largest
whitegoods manufacturers, we are experiencing increasing competition from the automation solution
providers from the likes of Italy. Our focus will remain on providing quality design options towards
the premium-end of the market, while driving for competitive pricing without exposing Scott to
unacceptable risk.
Our China business will continue to drive local growth from our competitive design and build platform
in Qingdao, China.
Material handling and logistics: Positive opportunities continue to emerge for this important part of
our European business, which remains the centre of excellence for our materials handling business.
At the same time we are making positive, but still early, inroads into our Scott 2025 strategy of taking
this technology out of Europe and into North America and Australasia. The Alliance NZ contract is the
first example of this, while focus is growing on identifying and securing a large installation on this
technology in the US together with our joint venture partner Savoye.


ENDS

For more information, visit www.scottautomation.com or contact:
John Kippenberger Media and investor contact:
Chief Executive Officer, Scott Technology Jackie Ellis
T: +64 21 964 045 T: +64 27 246 2505
E: j.kippenberger@scott.co.nz E: jackie@ellisandco.co.nz


About Scott

6

At Scott we automate the future. The production line machinery we design and build deliver
productivity gains and exceptional reliability to many of the world’s leading manufacturers. We also
go a step beyond engineering production solutions to actually revolutionising entire industries – using
robotics to automate manual processes and create genuine competitive advantage.
For over 100 years Scott has looked to tomorrow and rapidly responded to shifting needs. Today, we
have production bases in the United States, Belgium, Czech Republic, France, Germany, China,
Australia and New Zealand, customers in 88 countries, and a real commitment to developing new
technology and bringing it to market. Across everything we do you will discover true quality, advanced
engineering and a renowned design aesthetic.
Scott. Quality that lasts. Quality that inspires.

---

H1 F21
HALF YEAR RESULTS
08 April 2021

CONTENTS
H1 F21 Performance Snapshot ....................................... 3-4
H1 F21 Operating Environment ......................................... 5
H1 F21 Results Summary Table......................................... 6
H1 F21 Results Summary ................................................... 7
Revenue by Operating Region ........................................... 8
Forward Work Trend ........................................................... 9
Industry Outlook.......................................................... 10-15
Scott 2025 Strategy Update........................................ 16-20
Continued Impact of COVID-19....................................... 21
H2 F21 Outlook.................................................................. 22
2

$24M
H1 F21 PERFORMANCE SNAPSHOT
3
$104.5M
+5% |H1 F20 $99.0M
REVENUE
23%
+28% |H1 F20 18%
MARGIN PERCENTAGE
+192% | H1 F20 ($12.2M)
EBITDA
$11.2M
FORWARD WORK *
$87M
SYSTEMS
PRODUCTS
SERVICE
$4M
H2 F20
REVENUE MIX
55/30/15
SYSTEMS
PRODUCTSSERVICE
STRATEGY 40/30/30
-6% |H1 F19 $111.4M
Note:
•Comparison vs H1 F20: COVID-19 / Scott Right-sizing
•Comparison vs H1 F19: Business as usual
*‘Forward Work’ represents contracted activity. It is not an
indicator of revenue over a set period of time
+15% |H1 F19 20%
+7% | H1 F19 $10.4M
DIVIDENDS PER SHARE (Cents)
EARNINGS PER SHARE (Cents)
H1 F21 2.0|H1 F20 nil
H1 F21 6.1 | H1 F20 (17.8)

H1 F21 PERFORMANCE SNAPSHOT
4
LTI
MTI
First Aid
Injuries
EP&D
/ Near Miss
Hazards Reported
Management
Conversations
FY F20
Fatality
H1 F21
HEALTH & SAFETY
0
0
0
12
27
334
66
0
11
0
22
38
51
15
Forward indicators of hazard
reporting and management
conversations underpin a
maturing safety culture.

H1 F21 OPERATING ENVIRONMENT
•Multiple large contract wins signal strong post
COVID-19recovery. New European MHL contract,
Alliance, Bosch
•Strong Rocklabsand BladeStopproduct business
showing continued growth and positive margin
performance.
•Streamlined operating cost structure following last
years restructuring is contributing to increased
margins.
•As globaldemand for automation continues to
grow strongly, the key priority for our team is to
remain focused and committed to our core areas of
proven expertise, avoiding unknown areas of risk.
This is the central underlying theme of Scott 2025.
5
•The new Executive Teamhas quickly and
effectively settled down and managed the
business through the unprecedented disruptions
of the global pandemic.
•Focus on Health & Safety across the group
continues to build positive momentum which is
reflected in a large decrease in lost time injuries.
•COVID-19and associated travel restrictions has
challenged how Scott operates, resulting in new,
agile ways of working and commissioning projects.

H1 F21 RESULTS SUMMARY TABLE
6
ResultsSnapshot $M
H1 F21H1 F20H1 F19
Revenue104.599.0111.4
EBITDA11.2(12.2)10.4
Non-trading adjustments(1.4)
1
(11.8)0.0
Normalised EBITDA9.8(0.4)10.4
Net ProfitAfter Tax4.7(13.7)5.2
Net Cash / (Debt)(2.9)(20.2)(12.9)
Operating Cash Flow5.30.9(6.4)
1: Non trading adjustments related to receipt of the wage subsidy

H1 F21 RESULTS SUMMARY
•Revenue has increased by 5% compared to the
prior comparative period (pcp).The increase is
driven by the ANZ and China regions, with
revenues from the USA and Europe regions
down on pcp, due to the impacts of COVID-19
in both regions and also Brexit in Europe.
•EBITDA at $11.2m recovered to exceed the
pre COVID-19 performance of $10.4m from
H1 F19.
•Margins increased from the previous high of
20% in H1 F19 to 23%.
7
•The right sizing program also meant Overhead cost
reductions of $4.1m contributed to the growth in
EBITDA and represents a tightening of 25% versus
H1 F20.
•Operating Cash Flow of
$5.3m is $4.4m ahead of
H1 F20. The Group had cash in the bank of $6.2m
as at 28 February 2021.
•At $2.9m our Net Debt remained stable relative to
our FY20 year-end position. As the business grows
our working capital requirements will increase.
To further support our growth we have recently
concluded an upgraded Bank Facility with our
existing provider.

REVENUE BY OPERATING REGION
8
OPERATING REVENUE $M
•Strong rebuild in the ANZ work
program, largely driven by mining
and meat sectors.
•Europe extended the declines of
the prior years, however, promising
rebuild of forward work underway.
•China is experiencing strong
demand in appliance systems.
•USA lead-indicators of inbound
interest and recent contracts
starting to show turnaround.

FORWARD WORK TREND
9
Positive recovery in forward
work despite an uncertain global
investment environment.
FORWARD WORK $M

10
INDUSTRY OUTLOOK

REVENUE BY INDUSTRY
11
Significant growth in mining systems and
product revenues replaces a reduction in
industrial automation projects.

INDUSTRY OUTLOOK
12
Meat:
Strong ongoing demand for our BladeStopsafety-
saw product and automation and robotic systems.
In the system space our primary focus will continue
to be on selling lamb primal systems into the ANZ
meat sector, and rolling out the new poultry
trussing systems across Pilgrims in the US and
across other relevant markets (UK and Australia
most notably).

INDUSTRY OUTLOOK
13
Mining:
The continuation of strong global precious metal prices
is underpinning ongoing investment in mining capacity
globally (West Australia, Russia, North America and
West Africa). We expect this activity will continue to
support ongoing demand for our mining parts business,
exporting to the global mining sector from our facility
in Auckland, New Zealand.
Our mining laboratory design and build business will
build on our reputation and strengths around the
‘semi-automated’ end of the standalone-product-to-
fully-automated continuum.

INDUSTRY OUTLOOK
14
Appliances:
While this sector is seeing positive investment in
capacity from the world’s largest white goods
manufacturers, we are experiencing increasing
competition from the automation solution providers
from the likes of Italy.
Our focus will remain on providing quality design
options towards the premium-end of the market,
while driving for competitive pricing without
exposing Scott to unacceptable risk.
Our China business will continue to drive local
growth from our competitive design and build
platform in Qingdao, China.

INDUSTRY OUTLOOK
15
Material handling and logistics:
Positive opportunities continue to emerge for this
important part of our European business which
remains the centre of excellence for our materials
handling business.
At the same time we are making positive, but still
early inroads, into our Scott 2025strategy of taking
this technology out of Europe and into North
America and Australasia. The Alliance NZ contract is
the first example of this while focus is growing on
identifying and securing a large installation of this
technology in the US together with our joint venture
partner Savoye.

16
SCOTT 2025 STRATEGY UPDATE

ENGINEERING SCOTT TO HIGH PERFORMANCE
OUR PROGRESS
•Authentic Customer Partnerships: Secured significant repeat
business across all sectors e.g. Rio Tinto, Alliance, Little Swan,
Bosch, Candy Haier, McCain. $104.5m revenue in H1 F21.
•Operational Excellence: Delivered sustainable margin
improvement across all regions 28% increase on H1 F20.
•Leading Edge Technology: Positive growth across all standard
products.
•One Global Team: Significant decrease in lost time injuries, and
continued focus on employee retention, development and wellness
reduction in lost time injuries from 11 in FY F20 to 0 in H1 F21.
•Robust Global Platforms: Forward work of $115m at H1 F21.
17
Scott 2025

OUR VISION
•Sector Expertise –We operate across targeted sectors
where we have extensive expertise and experience.
•Global Platform –Head office in New Zealand with
regional offices around the world.
•Centres of Excellence –Each site has a specific
focus on a product or industry sector.
•Experienced Leadership Team –Refreshed and
expanded team established in last 12 months.
•Customer partnerships –We work with more than
100 businesses and organisations around the world.
•Skilled and Passionate Team –600+ employees.
•Strong Board and Governance –Experienced Directors
with diverse knowledge & skills.
•Supportive Majority Shareholder –JBS, the second
largest food company in the world.
To be the first choice for
businesses around the
world wanting smart
automation and robotic
solutions which make
their businesses safer,
more productive and
more efficient.
18

GROWTH STRATEGY
SCOTT REGIONS
ANZEUUSCN
MEAT PROCESSING
GROW
●●●
-
LAUNCH
●●
-
GROW
●
MINING
MAINTAIN
●●
-GROW
●
-
MATERIALS HANDLING
LAUNCH
●
GROW
●●
LAUNCH
●●
-
APPLIANCES
MAINTAIN
●
LAUNCH
●
GROW
●●
GROW
●
INDUSTRIAL AUTOMATION
GROW
●●
-GROW
●
-
Centre of Excellence
SystemProduct
Service
LIFE CYCLE: Launch, Grow, Maintain, Exit
19

OPERATIONAL EXCELLENCE
20
TOTAL GROUP GROSS MARGIN %

CONTINUED IMPACT OF COVID-19
•Our first priority remains the safety and wellbeing of our
teams.Long periods of staff isolation during lock-downs
and pressures while commissioning systems in remote
locations remain our key watch areas.
•Strong focus on protecting employees during travel as the
world slowly begins to open up to international travel.
•Increased interest in automated solutions specifically in
the meat processing and food and beverage sectors.
•Deferred capital investment is resuming, signalling a
strong recovery in several of our regions.
•Travel restrictions continue to impact how we commission
and install projects.
•Day to day operations continue to be affected for our
teams in Europe.
21

H2 F21 OUTLOOK
•Forward work continues to solidify.
•Product business has firm order books at healthy
margins.
•Continued focus on maintaining efficient cost structures
that resulted from last years right sizing.
•New business continues to be sourced with improved
margin.
•Improved ability to service and commission projects
pending progress with vaccines.
22

23
www.scottautomation.com
THANK YOU

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SCOTT TECHNOLOGY LIMITED
HALF YEAR RESULTS 2021
SCOTT TECHNOLOGY LIMITED
PAG E 1
HALF YEAR RESULTS 2021

SCOTT TECHNOLOGY LIMITED
PAG E 1
HALF YEAR RESULTS 2021
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
6 mths
28 Feb 21
6 mths
29 Feb 20
12 mths
31 Aug 20
(Unaudited)(Unaudited)(Audited)
Notes$'000s$'000s$'000s
(restated)
Revenue2
104,486
99,044186,073
Other operating income1,5991953,389
Share of joint ventures’ net surplus23472149
Raw materials, consumables used and other expenses(65,080)(64,252)(118,023)
Employee benefits expense
(30,059)
(38,242)(71,377)
OPERATING PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION, AMORTISATION,
IMPAIRMENT OF ASSETS AND RESTRUCTURE EXPENSES (OPERATING EBITDA)
11,180
(3,183)211
Impairment of assets4-(7,600)(7,600)
Restructuring expense5-(1,429)(4,257)
PROFIT/(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (EBITDA)
11,180(12,212)(11,646)
Depreciation and amortisation(4,457)(5,032)(9,898)
Finance costs(729)(1,050)(2,093)
Interest received 6210191
NET PROFIT/(LOSS) BEFORE TAXATION 6,056(18,284)(23,446)
Taxation (expense)/credit(1,342)4,6095,943
NET PROFIT/(LOSS) FOR THE PERIOD AFTER TAX4,714(13,675)(17,503)
Other Comprehensive Income/(Loss)
Translation of foreign operations(3,995)(493)(1,136)
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD NET OF TAX719(14,168)(18,639)
Net profit/(loss) for the period is attributable to:
Members of the parent entity4,771(13,896)(17,331)
Non controlling interests(57)221(172)
4,714(13,675)(17,503)
Total comprehensive income/(loss) is attributable to:
Members of the parent entity776(14,389)(18,467)
Non controlling interests(57)221(172)
719(14,168)(18,639)
Cents Per Ordinary Share
Earnings per share (weighted average shares on issue):
Basic6.1(17.8)(22.2)
Diluted6.1(17.8)(22.2)
Net tangible assets per ordinary share (at period end):
Basic 27.5 29.720.2
Diluted27.529.720.2
For the Six Months Ended 28 February 2021

SCOTT TECHNOLOGY LIMITED
PAG E 2
HALF YEAR RESULTS 2021
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY
For the Six Months Ended 28 February 2021
Six Months Ended
28 February 2021 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
AssetsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2020 81,82211,516(391)(207)92,740
Net profit/(loss) for the period after tax - 4,771 - (57) 4,714
Other comprehensive (loss) for the
period net of tax
- - (3,995) - (3,995)
Transfer between reserves--(1)1-
Balance at 28 February 202181,82216,287(4,387)(263)93,459
Six Months Ended
29 February 2020 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
AssetsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2019 80,07331,949745(35)112,732
Net (loss)/profit for the period after tax - (13,896) - 221(13,675)
Other comprehensive (loss) for the period
net of tax
- - (483) -(483)
Transfer between reserves - -(10) 10 -
Dividends paid (4.0 cents per share) - (3,102) - - (3,102)
Issue of ordinary shares under
dividend reinvestment plan
1,749---1,749
Balance at 29 February 202081,82214,95125219697,221
Twelve Months Ended
31 August 2020 (Audited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
AssetsTotal
(Audited)(Audited)(Audited)(Audited)(Audited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2019 80,07331,949745(35)112,732
Net (loss) for the period after tax - (17,331) - (172)(17,503)
Other comprehensive (loss) for the period
net of tax
- -(1,136)-(1,136)
Dividends paid (4.0 cents per share) - (3,102) - - (3,102)
Issue of ordinary shares under
dividend reinvestment plan
1,749---1,749
Balance at 31 August 202081,82211,516(391)(207)92,740

SCOTT TECHNOLOGY LIMITED
PAG E 3
HALF YEAR RESULTS 2021
28 Feb 2129 Feb 2031 Aug 20
(Unaudited)(Unaudited)(Audited)
Notes$’000s$’000s$’000s
Current Assets
(restated)
Cash and cash equivalents6,200-7,745
Trade debtors31,60930,33923,429
Other financial assets
8
1,1057871,032
Sundry debtors2,7272,5042,575
Inventories18,80322,93122,682
Contract assets12,26426,76225,381
Receivable from joint ventures and associates1,2571,069767
Taxation receivable-2,302-
TOTAL CURRENT ASSETS73,96586,69483,611
Non Current Assets
Property, plant and equipment18,17720,36018,298
Investment in joint ventures1,4581,4441,223
Other financial assets
8
89-4
Goodwill54,63657,47357,316
Deferred tax5,3642,5425,865
Intangible assets11,94814,07213,721
Right of use assets11,00514,73813,072
TOTAL NON CURRENT ASSETS102,677110,629109,499
TOTAL ASSETS176,642197,323193,110
Current Liabilities
Bank overdraft - 8,975 -
Trade creditors and accruals25,45131,85324,033
Lease liabilities3,4773,9103,818
Other financial liabilities
8
1,143831972
Contract liabilities16,3859,34629,052
Employee entitlements6,8229,7047,815
Provision for warranty1,8281,8111,874
Payable to joint ventures347703431
Taxation payable255-92
Current portion of term loans2,5662,6793,719
Deferred settlement on purchase of business1,2931,9381,376
Onerous contracts provision7,3666,7207,699
TOTAL CURRENT LIABILITIES66,93378,47080,881
Non Current Liabilities
Other financial liabilities
8
668868814
Employee entitlements718801696
Lease liabilities8,28511,44610,008
Term loans6,5798,5177,466
Deferred settlement on purchase of business--505
TOTAL NON CURRENT LIABILITIES16,25021,63219,489
Equity
Share capital81,82281,82281,822
Retained earnings16,28714,95111,516
Foreign currency translation reserve(4,387)252(391)
Equity attributable to equity holders of the parent93,72297,02592,947
Non controlling interests(263)196(207)
TOTAL EQUITY93,45997,22192,740
TOTAL LIABILITIES & EQUITY 176,642197,323193,110
CONSOLIDATED BALANCE SHEET
As at 28 February 2021

28 Feb 2129 Feb 2031 Aug 20
(Unaudited)(Unaudited)(Audited)
Note
$’000s$’000s$’000s
Cash Flows From Operating Activities
Cash was provided from / (applied to):
Receipts from operations101,551115,326218,083
Interest received6210191
COVID-19 wage subsidies received942-3,614
Payments to suppliers and employees(96,602)(113,332)(201,651)
Taxation paid(678)(1,080)(674)
Net cash inflow from operating activities35,27592419,563
Cash Flows From / (to) Investing Activities
Cash was provided from / (applied to):
Purchase of property, plant, equipment and intangible assets(1,419)(1,445)(3,206)
Sale of property, plant and equipment977772,807
Dividend received from joint venture--298
Proceeds from advances with joint ventures-792824
Repayment of advances with joint ventures(575)--
Purchase of business(457)(447)(514)
Purchase of investments-(20)(20)
Net cash (outflow)/inflow from investing activities(2,354)(343)189
Cash Flows to Financing Activities
Cash was provided from / (applied to):
Repayment of borrowings(3,150)(1,344)(3,574)
Dividends paid-(1,353)(1,353)
Proceeds from borrowings1,4569073,264
Lease payments(2,313)(2,075)(4,176)
Interest paid(459)(954)(1,431)
Net cash (outflow) from financing activities(4,466)(4,819)(7,270)
Net (decrease)/increase in cash held(1,545)(4,238)12,482
Add cash and cash equivalents at start of period7,745(4,737)(4,737)
Balance at end of period6,200(8,975)7,745
Comprised of:
Cash and bank balances / (bank overdraft)6,200(8,975)7,745
SCOTT TECHNOLOGY LIMITED
PAG E 4
HALF YEAR RESULTS 2021
CONSOLIDATED STATEMENT
OF CASH FLOWS
For the Six Months Ended 28 February 2021

ACCOUNTING POLICIES
All accounting policies have been applied on a basis consistent
with those used in the audited financial statements of Scott
Technology Limited for the year ended 31 August 2020. These
Interim Financial Statements should be read in conjunction with
the policies disclosed in the annual financial statements.
There are no new or amended standards that are issued but
not yet effective that are expected to have a material impact on
the Group.
RESTATEMENT OF PRIOR PERIOD: INTANGIBLE
ASSETS
For the year ended 31 August 2020, the Group restated
the intangible assets balances to recognise the foreign
exchange impact on intangible assets associated with entities
denominated in foreign currencies. The Group has restated
the Consolidated Statement of Comprehensive Income and
Consolidated Statement of Changes as at 29 February 2020 to
reflect the impact of this restatement.
RECLASSIFICATION OF PRIOR PERIOD
COMPARATIVES
Development Assets
An adjustment was made in the 2020 financial year to reclassify
two assets included in the 2019 financial statements from
Contract assets to Development assets in the Consolidated
Balance Sheet. This reclassification reduced contract assets as
at 31 August 2019 by $6.8 million and increased Development
assets by $6.8 million. There was no change in the overall
reported Current Assets. Those Development assets were fully
impaired as at 29 February 2020. As a result of the recognition
of Development assets of $6.8 million at 31 August 2019, the
impairment expense as at 29 February 2020 of $10.4 million
was restated in line with expense amount of $7.6 million
reported as at 31 August 2020. The balance of $2.8 million is
adjusted to revenue.
Onerous Contract Provision
For the year ended 31 August 2020, the Group reclassified loss
making contracts from Contract assets/liabilities to an Onerous
contracts provision. As at 29 February 2020, a reclassification
has been made to the Consolidated Balance Sheet to reflect
this reclassification. This reclassification has increased Contract
assets by $3.0 million, decreased Contract liabilities by
1. SUMMARY OF
ACCOUNTING POLICIES
The unaudited interim financial statements (Interim Financial
Statements) presented are those of Scott Technology Limited
(“Company”) and its subsidiaries (“Group”). The Company is
a profit oriented entity, registered in New Zealand under the
Companies Act 1993 and is a reporting entity for the purposes of
the Financial Markets Conduct Act 2013. The Company is listed
with NZX Limited and its ordinary shares are quoted on the NZX
Main Board.
The Group’s principal activities are the design, manufacture, sale
and servicing of automated and robotic production lines and
processes for a wide variety of industries in New Zealand and
overseas.
BASIS OF PREPARATION
The Interim Financial Statements have been prepared in
accordance with the requirements of the NZX Listing Rules.
The Interim Financial Statements have been prepared in
accordance with Generally Accepted Accounting Practice in
New Zealand (“NZ GAAP”). The Interim Financial Statements
also comply with IAS 34 “Interim Financial Reporting” and other
applicable financial reporting standards as appropriate for profit
orientated entities.
The Interim Financial Statements have been prepared on the
basis of historical cost, except where otherwise identified. The
presentation currency used in the preparation of the financial
statements is New Zealand dollars and all values are rounded to
the nearest thousand dollars ($000).
NON-GAAP FINANCIAL INFORMATION
The Group uses operating profit/(loss) before interest, tax,
depreciation and amortisation, impairment of assets and
restructuring expenses (operating EBITDA) and profit/(loss)
before interest, tax, depreciation and amortisation, (EBITDA) to
describe financial performance as it considers these line items
provide a better measure of underlying business performance.
These non-GAAP measures are not prepared in accordance with
New Zealand Equivalent to International Financial Reporting (NZ
IFRS) and may not be comparable to similarly titled amounts
reported by other entities.
SCOTT TECHNOLOGY LIMITED
PAG E 5
HALF YEAR RESULTS 2021
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS
For the Six Months Ended 28 February 2021

$3.7 million and increased the Onerous contract provision by
$6.7 million.
The above reclassifications did not have any impact on Equity or
the Consolidated Statement of Cash Flows.
Segments and Cash Generating Units (CGUs)
The previously reported segment and CGU of Europe & Asia
was split in the second half of the 2020 financial year into the
new segments and CGUs of Europe and China. As a result of the
split of Europe and Asia, the interim 2020 reported segment and
CGU of Europe and Asia has been split out in Note 2 Revenue
and Note 7 Segment information in order to report comparative
figures for the new segments/CGUs of Europe and China.
AUDIT
The Interim Financial Statements for the six months ended 28
February 2021 are unaudited. Comparative balances for the six
months ended 29 February 2020 are also unaudited, whilst the
comparative balances for the 12 months ended 31 August 2020
are audited.
AUTHORISATION
The Interim Financial Statements were authorised by the Board
of Directors on 8 April 2021. The annual financial statements
for the year ended 31 August 2020 were authorised by the
Board of Directors on 30 October 2020.
2. REVENUE FROM CONTRACTS WITH CUSTOMERS
The Group derives revenue from the transfer of goods and services over time and at a point in time in the following
major geographic manufacturing regions (segments) and revenue streams. Revenue from short term projects and
service has been combined as they are of a similar nature.
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
SCOTT TECHNOLOGY LIMITED
PAG E 6
HALF YEAR RESULTS 2021

NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
SCOTT TECHNOLOGY LIMITED
PAG E 7
HALF YEAR RESULTS 2021
Six months ended
28 February 2021
(Unaudited)
Long term
contracts
Standard
equipment
Short term
projects and
service work Total
$’000s $’000s $’000s $’000s
Australasia manufacturing
Segment revenue28,5197,74214,96951,230
Inter-segment revenue83142(350)(125)
Revenue from external customers28,6027,88414,61951,105
Timing of revenue recognition
- At a point in time-7,88414,61922,503
- Over time28,602--28,602
28,6027,88414,61951,105
Americas manufacturing
Segment revenue2,5664,9779,42316,966
Inter-segment revenue1,807(144)4862,149
Revenue from external customers4,3734,8339,90919,115
Timing of revenue recognition
- At a point in time-4,8339,90914,742
- Over time4,373--4,373
4,3734,8339,90919,115
Europe manufacturing
Segment revenue22,2997,17656830,043
Inter-segment revenue(1,890)112(1,877)
Revenue from external customers20,4097,17758028,166
Timing of revenue recognition
- At a point in time-7,1775807,757
- Over time20,409--20,409
20,4097,17758028,166
China manufacturing
Segment revenue5,8911232336,247
Inter-segment revenue-1(148)(147)
Revenue from external customers5,891124856,100
Timing of revenue recognition
- At a point in time-12485209
- Over time5,891--5,891
5,891124856,100
Total manufacturing
Segment revenue59,27520,01825,193104,486
Inter-segment revenue----
Revenue from external customers59,27520,01825,193104,486
Timing of revenue recognition
- At a point in time-20,01825,19345,211
- Over time59,275--59,275
59,27520,01825,193104,486
2. REVENUE FROM CONTRACTS WITH CUSTOMERS CONTINUED

SCOTT TECHNOLOGY LIMITED
PAG E 8
HALF YEAR RESULTS 2021
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
Six months ended
29 February 2020
(Unaudited)
Long term
contracts
Standard
equipment
Short term
projects and
service work Total
$’000s $’000s $’000s $’000s
Australasia manufacturing
Segment revenue15,99212,7778,14936,918
Inter-segment revenue(1,726)(1,013)(466)(3,205)
Revenue from external customers14,26611,7647,68333,713
Timing of revenue recognition
- At a point in time-11,7647,68319,447
- Over time14,266--14,266
14,26611,7647,68333,713
Americas manufacturing
Segment revenue9,9065,5918,47023,967
Inter-segment revenue1,726898(6)2,618
Revenue from external customers11,6326,4898,46426,585
Timing of revenue recognition
- At a point in time-6,4898,46414,953
- Over time11,632--11,632
11,6326,4898,46426,585
Europe manufacturing (restated)
Segment revenue27,0785,0993,79235,969
Inter-segment revenue-115472587
Revenue from external customers27,0785,2144,26436,556
Timing of revenue recognition
- At a point in time-5,2144,2649,478
- Over time27,078--27,078
27,0785,2144,26436,556
China manufacturing (restated)
Segment revenue2,165-252,190
Inter-segment revenue----
Revenue from external customers2,165-252,190
Timing of revenue recognition
- At a point in time--2525
- Over time2,165--2,165
2,165-252,190
Total manufacturing
Segment revenue55,14123,46720,43699,044
Inter-segment revenue----
Revenue from external customers55,14123,46720,43699,044
Timing of revenue recognition
- At a point in time-23,46720,43643,903
- Over time55,141--55,141
55,14123,46720,43699,044
2. REVENUE FROM CONTRACTS WITH CUSTOMERS CONTINUED

SCOTT TECHNOLOGY LIMITED
PAG E 9
HALF YEAR RESULTS 2021
Twelve months ended
31 August 2020
(Audited)
Long term
contracts
Standard
equipment
Short term
projects and
service work Total
$’000s $’000s $’000s $’000s
Australasia manufacturing
Segment revenue29,707 30,602 15,534 75,843
Inter-segment revenue (346) (2,753) (1,309) (4,408)
Revenue from external customers29,361 27,849 14,225 71,435
Timing of revenue recognition
- At a point in time - 27,849 14,225 42,074
- Over time29,361 - - 29,361
29,36127,849 14,22571,435
Americas manufacturing
Segment revenue15,808 9,639 13,535 38,982
Inter-segment revenue275 2,030 473 2,778
Revenue from external customers16,083 11,669 14,008 41,760
Timing of revenue recognition
- At a point in time - 11,669 14,008 25,677
- Over time16,083 - - 16,083
16,083 11,669 14,008 41,760
Europe manufacturing
Segment revenue42,126 9,723 13,899 65,748
Inter-segment revenue71 965 641 1,677
Revenue from external customers42,197 10,688 14,540 67,425
Timing of revenue recognition
- At a point in time - 10,688 14,540 25,228
- Over time42,197 - - 42,197
42,197 10,688 14,540 67,425
China manufacturing
Segment revenue4,979 369 152 5,500
Inter-segment revenue- (242) 195 (47)
Revenue from external customers4,979 127 347 5,453
Timing of revenue recognition
- At a point in time - 127 347 474
- Over time4,979 - - 4,979
4,979 127 347 5,453
Total manufacturing
Segment revenue92,62050,33343,120 186,073
Inter-segment revenue - - - -
Revenue from external customers92,620 50,333 43,120 186,073
Timing of revenue recognition
- At a point in time - 50,33343,120 93,453
- Over time92,620 - - 92,620
92,62050,33343,120 186,073
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
2. REVENUE FROM CONTRACTS WITH CUSTOMERS CONTINUED

3. NOTES TO THE CASH FLOW STATEMENT
SCOTT TECHNOLOGY LIMITED
PAG E 10
HALF YEAR RESULTS 2021
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
28 Feb 2129 Feb 2031 Aug 20
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
(restated)
Net profit/(loss) for the period4,714(13,675)(17,503)
Adjustments for non-cash items:
Depreciation and amortisation4,4575,0329,898
Net (gain) on sale of property, plant and equipment(75)(115)(328)
Deferred tax501(3,168)(6,491)
Share of net surplus of joint ventures and associates(234)(72)(149)
Add/(less) movement in working capital:
Trade debtors(8,180)8,65515,564
Other financial assets - derivatives(158)429180
Sundry debtors(152)701629
Inventories3,879(372)(123)
Contract assets and liabilities450(1,148)17,455
Development Assets -6,7866,786
Onerous contract provision(333)-3,463
Taxation payable163(2,521)(126)
Trade creditors and accruals1,418968(7,024)
Other financial liabilities - derivatives25(1,811)(1,724)
Employee entitlements(971)(733)(2,726)
Provision for warranty(46)265328
Interest paid4591,0501,431
Movements in working capital disclosed in investing/financing activities:
Movement in foreign exchange translation reserve relating to working capital37442213
Working capital relating to purchase of business and non controlling interest(1,016)23110
Net cash inflow from operating activities5,27592419,563

SCOTT TECHNOLOGY LIMITED
PAG E 11
HALF YEAR RESULTS 2021

6 mths
28 Feb 21
6 mths
29 Feb 20
12 mths
31 Aug 20
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
(restated)
Impairment of Scott LED assets - 168 168
Impairment of Investment in Veritide Limited- 420 420
Impairment of Scott Dairy development asset- 3,370 3,370
Impairment of other development assets- 3,642 3,642
- 7,600 7,600
Scott LED was a company that sold LED lightbulbs. As a part of a review of the operations of the Group, this
business activity was identified as being non-core to the Scott strategy. As a result, the assets related to Scott
LED Limited were impaired and the business ceased trading. The total cost of closing Scott LED in 2020 was
$168,000.
In the previous period, Scott held an investment in Veritide Limited, (Veritide), a research collaboration that
provides mobile handheld scanners to identify visible and non-visible faecal contamination on meat carcasses.
As at 29 February 2020, Veritide had not secured any further funding to keep operating and Scott’s investment of
$420,000 had been impaired as a result.
Scott Dairy is automated milking technology for the dairy industry that has been developed over several years.
During the first half of the 2020 financial year, discussions with potential commercialisation partners ceased with
no further plans to commercialise this product at this stage. As a result, the total amount of the asset was written
down at 29 February 2020. The full cost of impairing this asset was $3,370,000
Impairment of other development assets related to two non-performing projects based in Australia and New
Zealand that were included in the 2020 half year financial statements. Both projects contained high levels of
risk and when combined with execution issues, led to unexpected additional costs to complete the project. In
the previous period, discussions with the commercial partners ceased with no further plans to commercialise
these products at this stage. The majority of revenue associated with these projects was recognised in the
2017 and 2018 financial years. All additional costs relating to these projects were included in the 2020 half year
financial statements. As at 31 August 2020, one of these projects was reclassified to Development assets. This
Development asset was impaired as at 31 August 2020. Refer to note B9 of the audited financial statements of
Scott Technology Limited for the year ended 31 August 2020 for further discussion on the treatment of this asset.
5. RESTRUCTURING PROVISION
On 29 November 2019, the proposal to close the operations of DC Ross in Dunedin was announced. The
operations officially closed in April 2020. A provision of $1,429,000 to close the facility has been included in the
2020 half year financial statements, primarily related to the write off of fixed assets where the book value of
these assets is unlikely to be recovered. All of the costs associated with the restructure of these operations were
included in the financial statements as at 31 August 2020.
4. IMPAIRMENT OF ASSETS
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021

SCOTT TECHNOLOGY LIMITED
PAG E 12
HALF YEAR RESULTS 2021

28 Feb 2129 Feb 2031 Aug 20
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Payment guarantees and performance bonds33,31412,35926,272
Stock Exchange bond757575
Maximum contract penalty clause exposure6,9467,9677,041
Payment guarantees are provided to customers in respect of advance payments received by the Group
for contract work in progress, while performance bonds are provided to some customers for a period of
up to one year from final acceptance of the equipment.
Scott Technology Limited has a payment bond to the value of $75,000 in place with ANZ Bank New
Zealand Limited in favour of the New Zealand Stock Exchange.
The Group has exposure to penalty clauses on its projects. These clauses relate to delivery criteria and
are common in international contractual agreements. There is a clearly defined sequence of events that
needs to occur before penalty clauses are imposed.
7. SEGMENT INFORMATION
7.1 PRODUCTS AND SERVICES FROM WHICH REPORTABLE SEGMENTS
DERIVE THEIR REVENUES
The Group’s reportable segments under NZ IFRS8 are:
• Australasia Manufacturing
• Americas Manufacturing
• Europe Manufacturing
• China Manufacturing
Australasia is reported as a single segment due to the integrated nature of customers, manufacturing,
sales and financing activities across New Zealand and Australia.
Information regarding the Group’s reporting segments is presented below.

7.2 SEGMENT REVENUES AND RESULTS
The following is an analysis of the Group’s revenue and results by reportable segment. For the purposes
of NZ IFRS8 allocations are based on the operating results by segment. The Group does not allocate
certain resources (such as senior executive management time) and central administration costs by
segment for internal reporting purposes and therefore these allocations may not result in a meaningful
and comparable measure of profitability by segment.
6. CONTINGENT LIABILITIES
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021

SCOTT TECHNOLOGY LIMITED
PAG E 13
HALF YEAR RESULTS 2021
7. SEGMENT INFORMATION CONTINUED
7.2 SEGMENT REVENUES AND RESULTS CONTINUED
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
Six Months Ended
28 February 2021
(Unaudited)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue51,10519,11528,1666,100-104,486
Segment operating profit7,2853,1902,6421,530-14,647
Central administration costs----(3,701)(3,701)
Share of net (deficit)/profit in joint
ventures
(42)276---234
EBITDA7,2433,4662,6421,530(3,701)11,180
Depreciation and amortisation(1,891)(301)(2,114)(33)(118)(4,457)
Interest revenue--359-62
Finance costs(86)(80)(197)-(366)(729)
Net profit/(loss) before tax5,2663,0853341,556(4,185)6,056
Taxation expense(339)(588)(323)(92)-(1,342)
Net profit/(loss) after tax4,9272,497111,464(4,185)4,714
Six Months Ended
29 February 2020
(Unaudited) (Restated)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
(restated)(restated)(restated)(restated)
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue33,71326,58536,5562,190-99,044
Segment operating profit/(loss)(2,928)3,488556(690)-426
Impairment of assets(7,600)----(7,600)
Restructuring provision(1,429)----(1,429)
Central administration costs----(3,681)(3,681)
Share of net profit in joint ventures864---72
EBITDA(11,949)3,552556(690)(3,681)(12,212)
Depreciation and amortisation(1,999)(396)(2,411)(24)(202)(5,032)
Interest revenue1--6310
Finance costs(111)(106)(236)-(597)(1,050)
Net (loss)/profit before tax(14,058)3,050(2,091)(708)(4,477)(18,284)
Taxation benefit/(expense)5,476(863)(66)62-4,609
Net (loss)/profit after tax(8,582)2,187(2,157)(646)(4,477)(13,675)

SCOTT TECHNOLOGY LIMITED
PAG E 14
HALF YEAR RESULTS 2021
Twelve Months
Ended 31 August 2020
(Audited)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue71,43541,76067,4255,453-186,073
Segment operating profit/(loss)3302,9713,393(196)-6,498
Impairment of assets(7,600)----(7,600)
Restructuring provision(1,291) -(2,966)--(4,257)
Central administration costs----(6,436)(6,436)
Share of net (deficit)/profit in joint
ventures
(69)287(69)--149
EBITDA(8,630)3,258358(196)(6,436)(11,646)
Depreciation and amortisation(3,985)(751)(4,668)(52)(442)(9,898)
Interest revenue86--987191
Finance costs(215)(294)(471)-(1,113)(2,093)
Net (loss)/profit before tax(12,744)2,213(4,781)(150)(7,984)(23,446)
Taxation benefit/(expense)5,804(478)356451(190)5,943
Net (loss)/profit after tax(6,940)1,735(4,425)301(8,174)(17,503)
7. SEGMENT INFORMATION CONTINUED
7.2 SEGMENT REVENUES AND RESULTS CONTINUED
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
Revenue reported above represents revenue generated from external customers. Inter-segment sales were
$5.9 million for the six months ended 28 February 2021 (six months ended 29 February 2020: $2.1 million;
twelve months ended 31 August 2020: $5.0 million).
The accounting policies of the reportable segments are the same as the Group’s accounting policies described
in Note 1. Segment profit represents the profit earned by each segment without allocation of central
administration costs, share of profits of joint ventures, investment revenue and finance costs.

SCOTT TECHNOLOGY LIMITED
PAG E 15
HALF YEAR RESULTS 2021
Assets
6 mths
28 Feb 21
6 mths
29 Feb 20
12 mths
31 Aug 20
(Unaudited)(Unaudited)(Audited)
$'000s$'000s$'000s
At fair value:
Foreign currency forward contracts held as effective fair
value hedges
739-162
Fair value hedge of open firm commitments
361787728
Foreign exchange derivatives
94-146
1,1947871,036
Represented by:
Current financial assets1,1057871,032
Non-current financial assets89-4
1,1947871,036
Liabilities
At fair value:
Foreign currency forward contracts held as effective fair
value hedges
361787728
Fair value hedge of open firm commitments739-162
Foreign exchange derivatives434482
Interest rate swap contracts668868814
1,8111,6991,786
Represented by:
Current financial liabilities
1,143
831
972
Non-current financial liabilities
668
868
814
1,8111,6991,786
The Group enters into foreign currency forward exchange contracts to hedge trading transactions, including
anticipated transactions, denominated in foreign currencies.
Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently
re-measured to their fair value. The resulting gain or loss is recognised in profit or loss immediately unless the
derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit
or loss depends on the nature of the hedging relationship. The Group designates certain derivatives as cashflow
hedges of highly probable forecast transactions.
DERIVATIVE FINANCIAL INSTRUMENTS
The Group has categorised these derivatives, both financial assets and financial liabilities, as Level 2 under the fair
value hierarchy contained within NZ IFRS13.
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
8. FINANCIAL INSTRUMENTS
The fair value of foreign currency forward exchange contracts is determined using a discounted cashflow valua-
tion. Key inputs include observable forward exchange rates, at the measurement date, with the resulting value
discounted back to present values.

SCOTT TECHNOLOGY LIMITED
PAG E 16
HALF YEAR RESULTS 2021
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2021
10. COVID-19 AND GOING CONCERN
COVID-19 continues to have a significant impact on the global economy. As a global organisation with operations in
multiple jurisdictions, the Group has been impacted in numerous ways and continues to assess the impact on the
Group on a regular basis.
The Group took fast and decisive action to protect the health and safety of the employees and the financial integrity of
the Group. The actions taken included:
• Putting the health and wellbeing of all employees and their families first,
• Following all Government regulations, including limiting access to sites,
• Enabling employees to work from home where required, possible and viable,
• Deferred all non-essential capital expenditure and limited all discretionary expenditure,
• Accessing available Government support for employees globally,
• Suspended dividend payments in 2020,
• Secured an additional funding line from our majority shareholder, JBS Australia Pty Ltd, and
• Released a revised strategy and restructured the Group’s global operations to right-size the business and reduce the
overall cost base.
The Group has sufficient headroom in its current banking facilities and has also finalised negotiations with Scott’s major
banking partner, ANZ Bank New Zealand Limited, to ensure the Group continues to have access to sufficient debt
facilities for future investment needs.
While COVID-19 continues to provide uncertainties within the day to day operations of the Group, the measures taken,
together with the renewed strategy for future years, have resulted in improved underlying performance in the period
ended 28 February 2021, increased balance sheet resilience, and a stronger cash position.
The Board believes that the actions taken by the Group, along with the continued support of ANZ Bank New Zealand
Limited and JBS Australia Pty Ltd, will ensure Scott continues to be in a good position to manage the on-going impacts
from COVID-19.
11. SUBSEQUENT EVENTS
DIVIDEND
The Board has resolved to pay an interim dividend for the year ending 31st August 2021 of 2 cents per share
(2020: no interim dividend paid).
8. FINANCIAL INSTRUMENTS CONTINUED
9. NON CURRENT ASSETS AVAILABLE FOR SALE
Included within property, plant and equipment balance are assets available for sale amounting to $768,000.
These assets represent property, plant and equipment from niche high temperature super conducting business in
Wellington, HTS-110, which is considered non-core.
There have been no changes in valuation techniques used for foreign currency forward exchange contracts during
the current reporting period.
There were no transfers between fair value hierarchy levels during either the current or prior periods.
The fair value of financial instruments not already measured at fair value approximates their carrying value.

SUBSIDIARIES
Name of EntityBalance Date
Country of
Incorporation
Ownership Interest
& Voting Rights
20212020
%%
Parent Entity
Scott Technology Limited 31-AugNew Zealandn/an/a
New Zealand Trading Subsidiaries
Scott Technology NZ Limited31-AugNew Zealand100100
Scott Automation Limited31-AugNew Zealand100100
Scott Technology USA Limited31-AugNew Zealand100100
QMT General Partner Limited31-AugNew Zealand9393
QMT New Zealand Limited Partnership31-AugNew Zealand9292
Scott Technology Americas Limited31-AugNew Zealand100100
Scott Technology Europe Limited31-AugNew Zealand100100
New Zealand Non Trading Subsidiaries
Scott LED Limited31-AugNew Zealand100100
Rocklabs Limited 31-AugNew Zealand100100
Overseas Subsidiaries
Scott Technology Australia Pty Ltd31-AugAustralia100100
Applied Sorting Technologies Pty Ltd31-AugAustralia100100
Scott Automation & Robotics Pty Ltd31-AugAustralia100100
Scott Systems International Incorporated31-AugUSA100100
Scott Systems (Qingdao) Co Limited31 December (*)China9595
Scott Technology GmbH31-AugGermany100100
Scott Technology Belgium bvba 31-AugBelgium100100
Scott Automation NV31-AugBelgium100100
FLS Group bvba31-MarBelgium100100
FLS Systems NV31-MarBelgium100100
Alvey do Brazil Comercio de Maquinas de Automacao31 December (*)Brazil100100
Scott Automation a.s. 31-AugCzech Republic100100
Scott Automation SAS31-AugFrance100100
Scott Automation Limited31-AugUnited Kingdom100100
Normaclass 31-AugFrance100100
Rivercan S.A. 31 December (*)Uruguay100100
Joint Ventures
Robotic Technologies Limited31-AugNew Zealand5050
Scott Technology Euro Limited31-AugIreland5050
Scott Technology S.A.31-AugChile5050
Rocklabs Automation Canada Limited31-AugCanada5050
(*) Determined by local regulatory requirements.
STATUTORY INFORMATION
For the Six Months Ended 28 February 2021
SCOTT TECHNOLOGY LIMITED
PAG E 17
HALF YEAR RESULTS 2021

DIRECTORS
EXECUTIVES’ DETAILS
DIRECTORY
STATUTORY INFORMATION CONTINUED
For the Six Months Ended 28 February 2021
Stuart McLauchlan Chairman and Independent Director
Edison Alvares Director
John Berry Alternate Director
Alan Byers Director
Derek Charge Independent Director
Brent Eastwood Director
John Kippenberger Executive Director
John Thorman Independent Director
and Audit Committee Chair
John Kippenberger Group Chief Executive Officer
Cameron Mathewson Group Chief Financial Officer
The details of the company’s principal administrative
and registered office in New Zealand is:
Registred Office
630 Kaikorai Valley Road
Private Bag 1960
Dunedin 9054
New Zealand
Share Registry
Link Market Services Ltd
PO Box 91976
Auckland, 1142
t +64 9 375 5998
f +64 9 375 5990
enquiries@linkmarketservices.co.nz
SCOTT TECHNOLOGY LIMITED
PAG E 18
HALF YEAR RESULTS 2021

SCOTT TECHNOLOGY LIMITED
PAG E 19
HALF YEAR RESULTS 2021

---

Scott Technology Limited

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)


Results for announcement to the market
Name of issuer Scott Technology Limited
Reporting Period 6 months to 28 February 2021
Previous Reporting Period 6 months to 29 February 2020
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
104,486 5.5%
Total Revenue 106,319 7.1%
Net profit/(loss) from
continuing operations
4,714 134%
Total net profit/(loss) 4,714 134%
Interim Dividend
Amount per Quoted Equity
Security
$0.020
Imputed amount per Quoted
Equity Security
NIL
Record Date 27 April 2021
Dividend Payment Date 10 May 2021
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.275 $0.297
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
For commentary on the results, please refer to the commentary
in the related NZX release. Further information is also set out in
the unaudited financial statements of the Company for the 6
months to 28 February 2021 which accompany this information.
Authority for this announcement
Name of person

authorised
to make this announcement
Cameron Mathewson, Chief Financial Officer
Contact person for this
announcement
Cameron Mathewson
Contact phone number
+64 27 705 6457

Contact email address c.mathewson@scottautomation.com
Date of release through MAP

8 April 2021

Unaudited financial statements accompany this announcement.

---

Scott Technology Limited

Distribution Notice




Please note: all cash amounts in this form should be provided to 8 decimal places

Section 1: Issuer information
Name of issuer Scott Technology Limited
Financial product name/description Ordinary shares
NZX ticker code SCT
ISIN (If unknown, check on NZX
website)
NZSCTE0001S3
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year X Special
DRP applies X
Record date 27 April 2021
Ex-Date (one business day before the
Record Date)
23 April 2021
Payment date (and allotment date for
DRP)
10 May 2021
Total monies associated with the
distribution
1

$1,566,220.64
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.02000000
Gross taxable amount
3
$0.02000000
Total cash distribution
4
$0.02000000
Excluded amount (applicable to listed
PIEs)
N/A
Supplementary distribution amount $0.00000000
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed
Partial imputation
No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

0%
Imputation tax credits per financial
product
$0.00000000
Resident Withholding Tax per
financial product
$0.00660000
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
1.5%
Start date and end date for
determining market price for DRP
28 April 2021 30 April 2021
Date strike price to be announced (if
not available at this time)
3 May 2021
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New issue
DRP strike price per financial product
$unknown
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
28 April 2021
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Cameron Mathewson, Chief Financial Officer
Contact person for this
announcement
Cameron Mathewson, Chief Financial Officer
Contact phone number +64 27 705 6457
Contact email address c.mathewson@scottautomation.com
Date of release through MAP

8 April 2021





6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.