2023 Half Year Announcement

12 April 2023
Company announcement

SCOTT TECHNOLOGY ANNOUNCES FY23 HALF YEAR RESULTS: FOCUS ON
CORE SECTORS DELIVERS SALES AND PROFIT GROWTH
• The Engineering Scott to High Performance 2025 (Scott 2025) strategy delivers continued
growth through focus on its core sectors of meat, materials handling and logistics (MHL), and
mining, where it has proven, world class technology with strong commercials.
• Group revenue (from continuing operations) was up 11% to $127m, margins grew from 22%
to 26% despite inflationary and supply chain pressures. EBITDA increased 20% to $15m while
net profit after tax (from continuing operations) was up 66% to $8m.
• The sales and services of its three core sectors delivered 77% of group revenue and 92% of
margin.
• Forward work remained strong, particularly across meat and MHL, combined with ongoing
demand for the higher margin mining products, BladeStop products and service businesses.
• Dividend of 4.0 cents per share.
Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released
its results for the six months to 28 February 2023 (HY23).
The Scott 2025 strategy has continued to underpin the business’ focus and investment in the growth
of its three core sectors of meat, materials handling and logistics (MHL) and mining. It was pleasing to
see this focus generate growth across revenue ($127m, +11%), margin percentage (26%, +372 basis
points), and EBITDA ($15m, +20%).
The service business across all sectors also experienced significant growth in the half year, up 22% on
the prior comparative period (pcp). Underlying the improved margin percentage, were mix
improvements, headlined by BladeStop sales growth and increased Rocklabs aftermarket volumes and
fewer high risk, non-core projects.
The business’ sales pipeline remains ahead of expectation, with $184m in forward work comprising
several MHL projects, continued strong mining and meat product orders, as well as more progress in
secured service contracts.
Scott Technology CEO, John Kippenberger, says he’s pleased with the business’ solid H1 performance.
“Global demand for automation remains strong as markets continue to experience labour shortages.
Our technical expertise, sales capability and clear strategic focus has enabled us to capitalise on this
demand, delivering another strong first half year. I’m extremely proud of the team as we’ve worked
collectively to deliver these results despite ongoing inflationary and supply chain pressures.”

ESG update
Momentum behind Scott’s ESG strategy has continued to grow in H1 FY23, with strong engagement
at every level of the organisation and deep support at a Board and Executive level. Good progress has
been made against each of the three pillars as Scott lives its commitment to playing a role in building
a better world.

People
Employee health, safety and wellbeing is the highest priority for Scott and good progress has been
made in all the key metrics in H1. Increased lead indicators such as hazard reporting, have led to a
significant decrease in both the Lost Time Injury Frequency Rate (LTIR) and Total Recordable Injury
Frequency Rate (TRIFR) in the first half of FY23.

The recent engagement survey results saw Scott’s highest ever level of participation (78%), coupled
with the highest ever employee engagement score, at 83%. Employee retention remains high and
turnover has reduced on the H1 FY22 period.

Finally, in March, as part of its commitment to encouraging women into engineering, Scott was proud
to announce a partnership with the University of Canterbury Engineering School. The partnership sees
the launch of the Scott Technology Women in Engineering Scholarship which will provide financial
support and a paid internship opportunity to a female engineering student. Scott is also sponsoring
the final year project which sees four final year engineering students take on a year-long project within
the Scott business.

Purpose
As part of Scott’s purpose of building a better world, the business is committed to educating its
partners on how they too can play a role. In February, Scott hosted a climate change and carbon
emissions seminar for its ANZ suppliers. This was well received with 100 suppliers in attendance and
generated extremely positive feedback.
Place
Following the successful carbon footprinting of its Europe and ANZ businesses in FY22, H1 FY23 saw
Scott collect the carbon data for its China and USA businesses. This is now in the process of being
independently audited. Once auditing is finished, Scott will have a complete carbon footprint for the
group.

Kippenberger, says: “I’m extremely proud of the progress we are making in ESG. Our strategy is only
in its second year, yet the engagement, passion and support from our people is immense. This is
reflected in our progress. I’m looking forward to sharing our full year achievements in this space as we
continue to do our bit to build a better world.”

Results overview

Results Snapshot
$M
H1 F23 H1 F22
1
var %
Revenue
126.5 113.8 11%
EBITDA
14.6 12.1 20%
Non-trading adjustments
- (0.4)
2
-
Normalised EBITDA
14.6 11.7 24%
Net Profit After Tax
7.8 4.7 66%
Dividend per share (cents, declared)
4.0 4.0 -
Net Cash / (Debt)
12.8 (12.8) 200%
Operating Cash Flow
26.0 (8.8) 395%
1
Continuing Operations (excludes the Robotworx business divested in H2 F22)
2
Receipt of wage subsidy

Revenue for the half year increased 11% on the prior comparative period (pcp) to $126.5m, as Scott’s
strategy of generating more revenue from repeatable core products and services continued to deliver
sales growth.
Group margin grew from 22% to 26% due to the improved mix, and mix of repeatable core products
and services, despite the still present inflation, supply chain pressures and talent availability
challenges.
This strategically driven revenue and margin approach has resulted in EBITDA growth of 20% and
generated $14.6m of EBITDA for the period.
Net profit after tax (NPAT) for the period was $7.8m, +66% on a like for like basis versus the pcp.
Operating cash flow of $26m was higher than pcp due to the strong underlying performance of the
business but also the timing of significant cash deposits relating to large projects won, which in turn
boosted t he Group’s net cash position to $12.8m.
In recognition of the ongoing progress made by the company, the Directors declared an (unimputed)
dividend of 4.0 cents per share, payable on 11 May. The Dividend Reinvestment Plan will apply.
Core sectors
The Scott 2025 strategy emphasises the imperative of growing sales through product areas where
Scott has established world-leading technology and away from the more bespoke design projects
which are unproven and present higher risk to Scott.
This focus has seen core sector revenue gr ow by 18% in the period and move from 73% to 77% of total
group revenue.
Meat processing
• Revenue up 10% primarily from continued strong sales of the BladeStop safety
bandsaw, which grew by 24% in the period. The service business in meat again gr ew
strongly, up 56% on pcp, whilst delivering further margin growth at 35%.
• The pipeline and forward order book for meat products and service remains strong as
Australasian lamb processors continue to invest in the Scott Lamb Primal product
(+$15 million per unit), our suite of smaller lamb products ($0.5m - $1.5m) and global

meat processors continue to buy the Scott BladeStop bandsaw to drive efficiency and
staff safety.
• The latest Primal order (together with a firm pipeline) from New Zealand lamb
processor Silver Fern Farms is another demonstration of the company’s long-standing
relationships with industry-leading companies looking to secure a safer, more
efficient lamb processing line.
• Early-stage progress has been made on the beef automation project. With the
learnings gathered and technology developed to date, the need for rescoping of the
project has been identified. This will allow for staged commercialisation of the
automated beef boning technology. The next stage will see Meat & Livestock
Australia, Scott, and new partner JBS, focus on vision technology.
Materials handling and logistics (MHL)
• This sector largely comprises conveyors, automated palletising and sortation
equipment which operates in the warehousing operations of the large food
manufacturers and related industries. Customers include industry leaders such as
Danone, Pfizer and McCain Foods Ltd.
• Having adapted to the challenges of the Ukraine war and supply chain crisis, MHL has
delivered impressive growth of 39% on pcp and its importance to Scott is reflected by
it being almost half of total core revenue.
• The growth is coming from both of Scott’s key markets for MHL, Europe and the US.
• Having done well to maintain revenues during the COVID, supply chain and Ukraine
war events, Europe has returned to growth (+10%) in the period and continues to
maintain a significant ($44m) forward order book which includes a $12m installation
at Clarebout’s new facility in France and $6m of new business with Slovenian Ice
Cream producer Incom Leone.
• Growth in MHL revenue and margins in US and Europe follows the successful change
in management structure to bring the US business under the leadership of Scott
Europe. This enables greater focus on the US market as global processor relationships
from Europe are extended into the US.
• MHL service margins are of particular note, growing to 40% versus the pcp of 37%.
Mining
• Anchored off strong and reliable Rocklabs sample preparation sales, the mining sector
continues to be a core part of the Scott group. These products are well proven in the
large global mining sector and produce high margins given they are locked box design
and cost.
• This sector had been growing at +20% CAGR but the Ukraine war forced a withdrawal
from sales to a well-established dealer in Russia. As a result, revenue has fallen 8%
compared to the pcp.
• A focus on price, product mix, aftermarket growth and operational efficiency, has
seen margin rise further to now be in excess of 45% and as a result, despite the
revenue drop, margin dollars have increased slightly.
• Through a structured prototyping processing Scott is developing a modular product
to serve the high-complexity, and therefore historically high risk, end-to-end
automated laboratory systems. This strategy is well proven at scale, producing high
volume outputs, at quality, accuracy and efficiency for the large mining companies
and independent laboratories.

• This modular product is in the early stages of commercialisation.
Service and aftermarket business
Scott’s strategy of building its service and aftermarket business has been important for customers,
maintaining Scott machine accuracy and reliability, and for shareholders as it provides important
recurring revenue and lucrative margins.
The service business underpinning the core business segments saw strong growth of 22% in the
period. This is 31% of the total revenue of the core business, with margin growing to 40%.
We have seen this important stream continuing to deliver sustainable profit growth as our customers
look to the specialist skills of Scott technicians to support their own maintenance teams on what is
often highly complex Scott equipment.
The service business also contains a strong stream of high margin recurring consumables.
Service revenue also grew across the total group (including non-core business) by 22% and continued
to deliver strong margins of 39%. This demonstrates the importance of the s ervice / aftermarket
business to the overall performance and profitability of Scott.
Regional business update

Scott New Zealand – Strong core performance as global hub for meat and Rocklabs
• Revenue growth from contract with Silver Fern Farms and subsequent commencement of
build for a Lamb Primal machine for their Finegand plant.
• Scott’s productisation strategy has led to sales of other meat products to the likes of Silver
Fern Farms and JBS in Australia with several further orders pending.
• Despite Russia sanctions weighing on sales volumes, New Zealand as the global hub for
Rocklabs, has managed price, mix and aftersales to maintain margin dollars.
Scott Australia – Revenue drops but margin percentage increases with move out of complex mining
systems
• The most significant contributor to the revenue fall is the tail of the strategic withdrawal from
the last of the large complex legacy projects. In turn this has improved the margin percentage
of the region from 19% to 30%.
• Investment in the capacity and capability of service has seen revenue double in the period,
with the greater utilisation of staff pushing up margin.
Scott Europe – Continued strong BladeStop and MHL converts large forward work to revenue
• Revenue stepped up delivering elevated growth of 34% as the COVID and supply chain
pressures began to ease, allowing faster conversion of the large forward order book.
Results SnapshotH1 F23H1 F22 (restated)
$MRevenueMargin%RevenueM
argin%
New Zealand11.02.926%3.81.232%
Australia20.36.030%36.57.019%
Europe41.910.325%31.27.223%
North America45.611.024%22.36.027%
China (+RoW)7.82.734%20.13.919%
Total126.532.826%113.825.322%

• MHL sales grew by 14% whilst new business in the period of $30m across customers such as
the new Clarebout french fries factory and an ice cream plant for new customer Incom Leone,
meant the region retained a significant forward order book of +$44m.
• Meat revenue grew 68% to $7m as a further 70 BladeStop machines were sold. This included
aftermarket sales of $1.6m at +40% margin, which was up 75% on the back of a growing install
base which now stands at 446 units.
• Europe also enjoyed growth from the sale of two appliance line projects which were
manufactured by Scott China delivering good margins for the group.
Scott North America – Leadership change brings stability and focussed growth
• With the change in structure to bring North America underneath the leadership of Scott
Europe, revenue doubled, and profitability has stabilised.
• Growth has come in the form of a second significant customer for our proprietary Poultry
Trussing product, Costco Wholesale.
• Winning the Innovation Showcase at the recent International Production and Processing Expo
in Atlanta has seen significant growth in enquiries for the Poultry Trusser.
• AGV sales have grown by 35% in the period from new business centred around our core
capabilities and with blue chip organisations including Microsoft and Gulfstream.
• BladeStop sales remained strong in what is our largest installed market with unit sales being
up 21% on pcp.
Scott China – Provided manufacturing capacity to Scott Group and secured significant forward work
• Despite being down in revenue for the period, China has been fully utilised, manufacturing
appliance lines for the wider group for delivery into South America and Europe.
• Two recent and significant domestic contract wins for Midea ($13m), along with
manufacturing support for large meat and appliance builds for other regions, will see China
fully utilised through to the end of the financial year.

ENDS

For more information, visit www.scottautomation.com or contact:
John Kippenberger Media and investor contact:
Chief Executive Officer, Scott Technology Amber McEwen
T: +64 21 964 045 T: +64 21 194 0429
E: j.kippenberger@scottautomation.com E: amberm@porternovelli.kiwi


About Scott
Scott delivers smart automation and robotic solutions that transform industries by making businesses
safer, more productive, and more efficient. Our diverse capability makes us the first choice for
hundreds of the world’s leading brands. With design and build operations across Australasia, China,
Europe, and America and over 100 years of engineering excellence, Scott is the global expert in
automation.
Scottautomation.com

---

11
H1 F23
HALF YEAR
RESULTS
INVESTOR PRESENTATION
12 April 2023

22
H1 F23 Half Year Results
H1 F23 performance
Strong performance across the business
at revenue, margin and EBITDA
[3]
Scott 2025 strategy update
Progression of strategy by focusing on
key areas of strength for the business
[8]
H1 F23 Core sector
performance& outlook
Core sectors providing growth across the
business through sales and services
[13]
Sustainability, people & planet
People updates with focus on ESG
projects commenced in H1 F23
[20]
Q&A[25]
John Kippenberger
Chief Executive Officer
Cameron Mathewson
Chief Financial Officer
Casey Jenkins
Director of Marketing & People

33
H1 F23
P ERFORMANCE

44
35%
32%
15%
10%
8%
Trading environment
Global labour shortage fuels demand for Scott products and services
•Revenue up 11% driven by Core sector business performance (+18%)
and Services / Aftermarket (+22%)
•Grew margin to 26% up 372 bps on improved Sales/Service mix
•Resulted in EBITDA increasing by 20% to a record $15m
•Strong Performance despite prevailing macro challenges (global
supply chain, Ukraine crisis)
•Good progress and momentum behind Scott’s ESG Strategy
•Highest ever employee engagement rates driving positive
culture and retention (eNPSat 83%)
Asglobal demand for automation continues its rapid
growth, the key priority is to remain focused and
committed to our core areas of proven expertise,
avoiding unknown areas of risk
This is the central theme of Engineering Scott to 2025
Strong and growing global presence
China + RoW
NZ
AU
Europe
USA
Revenue
H1 F23

55
H1 F23 performance snapshot
$127M
REVENUE
EBITDA
$15M
•Forward Work represents contracted activity. It is not an
indicator of revenue over a set period of time
EARNINGS PER SHARE (Cents)
DIVIDEND PER SHARE (Cents)
H1 F239.8|H1 F225.9
H1 F234.0|H1 F224.0
•Information is Continuing Operations (excludes the divestment of
the non Core Robotworxbusiness)
FORWARD WORK*
$165M
S ALES
S ERVICES
$19M
26%
GROUP MARGIN %
31%
CORE MARGIN %
H1 F22$114M+11%
H1 F22 $12M +20%H1 F22 $122M +35%H1 F22 $10M +90%
H1 F22 22% +372bpsH1 F22 29% +242bps

66
•Our Strategy of supplying repeatable products into large addressable marketscontinues to gather momentum
•Revenue from Core sectors grew by 18% and Margin dollars by 28% as margins lifted from 29% to 31%
•Our compelling product offerings were successful in attracting significant new customers, such as our first
BladeStopinstalls for Cargilland the Poultry Trusser for Costco, both in our key US target market
•MHL grew by a record 39% as the large order book in Europe was converted to revenue and the US AGV business
signed new orders with the likes of Gulf Stream and Microsoft
•Continued core revenue growth has swelled the install base and from this Services and Aftermarket revenue grew
by 22%in the period whilst maintaining margins in excess of 45%
•Forward Order book remains strong at $184m the future for Scott is compelling
Core Sector Summary: Strategy delivering on multiple fronts

77
SCOT T 2025
S T RATEGY
UP DATE

88
Positive momentum across all strategic pillars
2025 Strategy

99
Continued leadership across core sectors
Revenue mix %
Revenue growth
% (vs pcp)
Margin %
23%27%
MEATREST OF BUSINESS
13%
MINING
37%
MHL
(6%)10%(8%)39%
9%36%46%22%
H1 F23
Customers

1010
Scaling through productisation: Update
Trusser market validated by securing cornerstone customers
•2x 24 bpm machines ordered for CostCo, with letter of intent for an
additional 8x 24 bpm machines.
•As the industry leader, CostCoRotisserie Chicken sales increasing 30% pa
•2x 24 bpm machines installed at Pilgrims, EnterpriseUSA
H1 F23 award demonstrates furthertraction in the US market
•Winner of the Best New Processing Product at the International
Production & ProcessingExpo in Atlanta, USA
•Generated 385 Leads, with 6 prospective customers identified
•Secured first agent in US Market to accelerate US sales
•Investment in Sales capacity with a Meat Lead in the US Market

1111
BladeStopinstalled base driving recurring service growth
•Total Revenue increased 24% on pcp
•Sales in our key growth markets of Europe and the Americas made up 76% of
units installed in the period, with revenue increasing 69% and 34%
respectively
•Conversion of leading meat processor Cargill to BladeStoptechnology
•Service Revenue up 76% on demand for parts and consumables from
increased Saw installed base
BladeStopcontinuous development to cement our position
as market leader in the meat sector
•Next-gen BladeStopunder development:
-improving on our market leadingstopping times and
-introducing IOT connectivity to enable onsite engagement for proactive
training and remote monitoring for servicing
•Smaller Agile Saw (T300) in development to provide a safety saw solution
specifically for supermarket and independent butcheries
Long-term success of BladeStop is proof of the productisaton model
Growing
installed base
generated $8m+
in aftermarket
recurring
revenue in H1
BladeStop cumulative unit sales (since 2016)
Scaling through productisation: Update
1,073
1,174
1,274
1,422
1,534
1,687
H1
F20
H2
F20
H1
F21
H2
F21
H1
F22
H2
F22
H1
F23
1) Uni t s al es CAGR from Feb 2021 to Feb 2023 (from ~155 to 265 uni ts p.a.)

1212
Mining market opportunity for reliable automated sample
preparation systems in the 300-1200 samples per day range
•First contract won with global mining laboratory customer for delivery in Q1 2024
•Driven by customer productivity goals, labour shortages and in-sourcing
objectives
•Pre-engineered, modular, scalable and high availability product-based sample
preparation system based on proven processing technology and delivered with
project execution certainty
•Assembled and commissioned in a Scott factory
•Minimal disassembly for shipping
•Plug and Play Interface between modules makes for simple commissioning
Scaling through productisation: Update
AMS (Automated Modular Solution)

1313
H1 F23
CORE SECTOR
PERFORMANCE
& OUTLOOK

1414
25.3
28.0
32.8
H1
F22
H2
F22
H1
F23
23.7
24.2
30.2
H1
F22
H2
F22
H1
F23
Core sectors driving strong revenue and margin growth
•Scott’s strategy of more revenue
from proven systems, product and
service delivers another period of
growth
•Core Sectors contributed the
majority of growth during the H1
F23 period at 31% margin
(+242bps)
•Core Sectors represent 77% of
Group Revenue (up from 73%)
•Services delivered margin growth
of 38% versus sales at 22%
•Rest of business operations
represented 23% of revenue and
8% of margin in H1 F23
Margin (%)
CoreGroupCoreGroup
Revenue (NZ$m)Margin (NZ$m)
83.1
83.6
97.7
H1
F22
H2
F22
H1
F23
113.8
107.9
126.5
H1
F22
H2
F22
H1
F23
26%22%22%
31%29%29%

1515
Meat: Record revenue and margin
Revenue (NZ$m)
Margin (NZ$m)
Strong period for BladeStop and meat products
•Continued demand for Scott meat solutions as customers
address labourand skills shortages and rising health and
safety requirements
•Key sales of Lamb Primal to Silver Fern Farms (NZ) and a
successful BladeStop trial at Cargill (US)
•10% revenue growth on pcpunderpinned by strong
performance from:
-BladeStopSaws in Europe (+69%) and Americas(+34%)
-Global BladeStop service revenue (+77%)
-Lamb products (+31%)
-Momentum in new Poultry Trusser solution
Margin dollars up 25% on pcp
•Strong margins of 36% in H1 F23, driven by higher proportion
of services revenue and product sales focus
•Sales mix improved margin by 6% due to higher mix of
Poultry and Lamb products
31%
Service
mix (%)
22%32%
Margin
(%)
11.6
24.5
24.3
17.0
23.5
5.1
5.8
7.0
8.8
10.9
16.7
30.3
31.3
25.8
34.4
H1 F21H2 F21H1 F22H2 F22H1 F23
3.0
6.5
7.1
6.3
8.2
1.8
2.2
2.6
2.1
4.1
4.8
8.6
9.7
8.4
12.2
H1 F21H2 F21H1 F22H2 F22H1 F23
29%31%36%
Service
Sales
Total
Service
Sales
Total
19%34%
28%33%

1616
MHL: Supply chains improving resulting in increased revenue
34%37%27%
26%19%22%
22.5
22.1
21.2
25.2
34.1
11.5
11.6
12.3
11.3
12.4
34.0
33.8
33.5
36.5
46.5
H1 F21H2 F21H1 F22H2 F22H1 F23
4.9
4.3
1.7
3.2
5.4
4.1
4.4
4.6
4.3
5.0
9.0
8.7
6.3
7.5
10.4
H1 F21H2 F21H1 F22H2 F22H1 F23
Continued momentum in global markets
•MHL continues to grow strongly in Europe
•With the recent leadership amalgamation, established
palletisationsolutions are being presented to the US market
•Strong revenue growth on pcp(+39%) due to conversion of
forward work as supply chain pressures ease
•Strong forward order book of $88m:
-Materials Handling EU: confirmed contracts with Clarebout
& new customer IncomLeone
-Transbotics US: confirmed contracts with major global
businesses, including Microsoft, Novelis, and Gulfstream
Margin improving after period of disruption
•More than proportionate increase in margins (+64% growth)
as a focused Transbotics US business concentrates on lower
risk more profitable projects
34%31%
26%21%
Revenue (NZ$m)
Margin (NZ$m)
Service
Sales
Total
Service
Sales
Total
Service
mix (%)
Margin
(%)

1717
Mining: Margin % growth despite revenue decline
41%26%30%31%41%
44%45%42%39%46%
7.5
11.5
12.7
14.8
9.9
5.2
4.1
5.5
6.5
6.9
12.7
15.7
18.2
21.3
16.8
H1 F21H2 F21H1 F22H2 F22H1 F23
3.4
5.5
5.2
5.5
4.4
2.2
1.5
2.5
2.8
3.3
5.6
7.0
7.6
8.2
7.7
H1 F21H2 F21H1 F22H2 F22H1 F23
•Strong global demand outlook for old and new minerals
from mining manufacturers and distributors
•Continual shift toward ‘modular’ Rocklabssolutions for
mining and laboratory customers, as evidenced by first
solution sold
•An estimated $3m sales from Russia missed in the
period due to sanctions
•Partially offset by strong and high margin service
growth of 24% (+$1.4m)
Improved margin % in H1
•Improved margin % meant margin dollars retained at
the same amount as pcp
•This represents +400bps improvement due to
sales/service mix, price increases and a focus on cost
control on several key product lines
Revenue (NZ$m)
Margin (NZ$m)
Service
Sales
Total
Service
Sales
Total
Service
mix (%)
Margin
(%)

1818
Rest of Business: Focus delivers margin improvement
Revenue down in H1 F23 as legacy Mining
Systems projects near completion
•Strategic focus away from one off complex projects sees
loss-making mining systems revenue and associated low
margin taper off.
•Revenue growth from Appliances (+23% vs pcp) due to
the commissioning of Whirlpool and ongoing build of
GE Roper
•Strong forward work consisting mainly of low risk repeat
customers / systems, as well as several high margin
Appliance upgrade projects
Revenue (NZ$m)
Margin (NZ$m)
Mining
systems
Industrial
automation
Total ROB
Service
mix (%)
Margin
(%)
5%5%7%12%10%
12%6%5%13%9%
9.3
10.5
15.0
18.6
18.5
7.7
5.4
5.0
3.9
6.5
18.4
11.5
10.7
6.4
3.8
35.4
27.5
30.7
28.9
28.8
H1 F21H2 F21H1 F22H2 F22H1 F23
4.2
1.7
1.6
3.8
2.6
H1 F21H2 F21H1 F22H2 F22H1 F23
Appliances

1919
Key Points Summary
1
Scott continues to experience ongoing demand for automation as our blue-chip customers invest
to drive efficiency, safety, and toovercome globallabourshortages​
2
Success from the Scott 2025 strategy to focus on core areas of proven expertise and sell into large addressable
markets. This delivers core revenue growth of 18%, making up 77% of group revenue and 92% of group margin
3
These proven and repeatable products delivered Sales margin of 22% and Services / Aftermarket margin of 38%
Which lifted group margin from 22% to 26%
4
Continued track record of managing costs efficiently and taking revenue growth to the bottom line
As demonstrated by record EBITDA ofgrowth of 20% versus pcpto $15m
5
Demand for automation combined with clear Strategy maintains a strong forward order book totaling $184m
6
We continue to move efficiently though the various stages of ESG, Strategy and Culture

2020
SUSTAINABILITY
PEOPLE & PLANET

2121
v
Leading a sustainable future

2222
Positive Momentum and engagement with ESG
Carbon Footprint
Progress made in measuring
GHG emissions in China and
the US. Data collected and
being prepared for Audit,
Q3 F23
Climate Related
Disclosures
Work underway to prepare
business for 2024 reporting
requirements, gap analysis
completed.
Leadership Training
Programme
Following the success of the
leadership training program in
Australia, this training will be
rolled out in both New Zealand
and the USA in H2.
Engagement initiatives
bringing positive results
to our eNPSscore.
Highest overall score so far at
83%, FY22 82%.Highest return
rate so far at 78% across the
group, target 70%, FY22 63%.
Positive retention, and
reduced turnover rates
Turnover has reduced on same
period last year, with turnover
rate seeing a 16% decrease.
Reinforcing Talent
Pipeline with University
of Canterbury Partnership
Final year project sponsorship
and the launch of the Scott
Technology woman in engineering
scholarship in 2023.
Supplier
ESG Workshop
Held in late January, the
procurement team hosted a ESG
workshop for suppliers.
Excess of 100 attendees.

2323
Safety & wellbeing culture continues to mature
LTI
MTI
First Aid
Injuries
EP&D
/ Near Miss
Hazards Reported
Management
Conversations
FY22
Fatality
H1 F23
0
3
0
11
14
522
90
0
9
5
30
56
872
233
Strong performance and continued
positive trends show maturing
safety culture
•2
nd
Annual Stop for Safety event celebrated withSafety awards,
-MostImproved –Sydney, AU
-MostOutstanding Performance –Dunedin, NZ
•Positive engagement with BeScottSafety App, with 522 hazards
reported YTD in Feb 2023 compared to 197 hazards reported in the
same period last financial year.
•Lost time Injury Frequency rate (LTIR) continued a downward trend
sitting at 3.5 compared to 8.7.

2424
ESG: Gaining complete picture of emissions
Q2 F23Q3 F23Q4 F23Q1 F24
GHG Emissions
•US & Chi na emi s s i on meas urements underway,
audi t compl eti onexpected for Q4 F23.
•Corporate l evel reducti on targets & reducti on
s trategi es i denti fi ed.
•Devel op i nteri m targets & Strategi es for Europe
•Improve methodol ogy for meas uri ng s cope 3.
Sustainable Procurement
•Compl eted ANZ s uppl i ers wi th GHG emi s s i ons webi nar
•Launch and audi t the Suppl i er Code of Conduct
i n US, EU & Chi na
Environmental Management
•Begi n proces s of meas uri ng of was te to l andfi ll
by regi on and s i te
•Set targets and devel op s trategi es to reduce
was te and i ncreas e % di verted from l andfi ll
Climate Strategy
•Compl ete XRB -Cl i mate s tandards
gap anal ysis
•Ri s ks & Opportuni ti es Works hop
•Scenari o devel opment
Strategy Development
•Revi ew the ESG framework
–progres s & compl etenes s
•Materi al i ty as ses sment

2525
THANK YOU
Q&A

---

HALF YEAR
RESULT S
2023
SCOTT TECHNOLOGY LIMITED

Half Year Result 2023
1
Scott Technology Ltd
For the Six Months Ended 28 February 2023
INDEX TO THE FINANCIAL STATEMENTS
Consolidated statement of comprehensive income
2
Consolidated statement of changes in equity
3
Consolidated balance sheet
4
Consolidated statement of cash flows
5
Notes to the consolidated financial statements
6
1. Summary of accounting policies
6
2. Revenue from contracts with customers8
3. Segment Information14
4. Note to the consolidated cash flow statement16
5. Financial instruments17
6. Contingent liabilities18
7. Related party transactions18
8.Subsequent events19
Statutory information
20

Half Year Result 2023
2
Scott Technology Ltd
6 mths
28 Feb 2023
6 mths
28 Feb 2022
12 mths
31 Aug 2022
(Unaudited)(Unaudited)(Audited)
(Restated)
Note
$'000s$'000s$'000s
Revenue2
126,533 113,823
221,757
Other operating income 246 569 2,003
Share of joint ventures’ net surplus 119 435 329
Raw materials, consumables used and other expenses (75,061) (69,856) (130,425)
Employee benefits expense
(37,277) (32,864)
(69,746)
OPERATING EARNINGS BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (EBITDA)
14,560 12,107 23,918
Interest received 80 28 560
Depreciation and amortisation (3,920) (4,087) (8,053)
Finance costs (1,025) (654) (1,508)
NET PROFIT BEFORE TAX 9,695 7,394 14,917
Taxation expense (1,869) (2,687) (2,260)
NET PROFIT FOR THE PERIOD AFTER TAX FROM CONTINUING OPERATIONS 7,826 4,707 12,657
Profit/(Loss) from discontinued operation (net of income tax) - 32 (12,567)
NET PROFIT FOR THE PERIOD AFTER TAX 7,826 4,739 90
Other Comprehensive (Loss) / Income
Items that may be reclassified subsequently to profit or loss:
Movement in Foreign Currency Translation Reserve (576) 2,685 4,822
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD NET OF TAX 7,250 7,424 4,912
Net profit for the period after tax from continuing operations is attributable to:
Members of the parent entity (used in the calculation of earnings per share) 7,858 4,689 12,639
Non controlling interests(32) 18 18
7,826 4,707 12,657
Total comprehensive income is attributable to:
Members of the parent entity 7,282 7,406 4,894
Non controlling interests (32) 18 18
7,250 7,424 4,912
Total comprehensive income/(loss) attributable to members of the
parent entity arises from:
Continuing operations 7,250 7,392 17,479
Discontinued operation - 32 (12,567)
7,250 7,424 4,912
Earnings per share to shareholders from continuing operations
(weighted average shares on issue):
Cents Per
Share
Cents Per
Share
Cents Per
Share
Basic 9.8 5.9 15.9
Diluted 9.8 5.9 15.9
Net Tangible assets per ordinary share (at period end)
Basic 47.2 40.3 38.7
Diluted 47.2 40.3 38.7
For the Six Months Ended 28 February 2023
CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME

Half Year Result 2023
3
Scott Technology Ltd
Six Months Ended
28 February 2023 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2022 86,315 13,316 1,061 (286) 100,406
Net profit for the period after tax - 7,858 - (32) 7,826
Other comprehensive income for the period net of tax - - (576) - (576)
Dividends paid (4.0 cents per share) - (3,212) - - (3,212)
Issue of shares under dividend reinvestment plan 1,752 - - - 1,752
Balance at 28 February 2023 88,067 17,962 485 (318) 106,196
Six Months Ended
28 February 2022 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2021 82,701 19,559 (3,761) (304) 98,195
Net profit for the period after tax - 4,721 - 18 4,739
Other comprehensive income for the period net of tax - - 2,685 - 2,685
Dividends paid (4.0 cents per share) - (3,147) - - (3,147)
Issue of shares under dividend reinvestment plan 1,792 - - - 1,792
Balance at 28 February 2022 84,493 21,133 (1,076) (286) 104,264
Twelve Months Ended 31 August 2022 (Audited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Audited)(Audited)(Audited)(Audited)(Audited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2021 82,701 19,559 (3,761) (304) 98,195
Net profit for the period after tax - 72 - 18 90
Other comprehensive income for the period net of tax - - 4,822 - 4,822
Dividends paid (8.0 cents per share) - (6,315) - - (6,315)
Issue of shares under dividend reinvestment plan 3,614 - - - 3,614
Balance at 31 August 2022 86,315 13,316 1,061 (286) 100,406
For the Six Months Ended 28 February 2023
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY

Half Year Result 2023
4
Scott Technology Ltd
CONSOLIDATED BALANCE SHEET

28 Feb 202328 Feb 202231 Aug 2022
(Unaudited)(Unaudited)(Audited)
Note$’000s$’000s$’000s
Current assets
Cash and cash equivalents 29,960 13,748 8,478
Trade debtors 35,803 31,767 40,003
Other financial assets5 1,366 1,303 938
Sundry debtors 8,804 4,939 5,251
Inventories 32,789 28,512 31,328
Contract assets 29,979 29,483 18,073
Receivable from joint ventures7 431 124 431
Tax Receivable 216 372 881
TOTAL CURRENT ASSETS 139,348 110,248 105,383
Non-current assets
Property, plant and equipment 17,551 17,197 17,112
Investment in joint ventures 796 784 677
Other financial assets5 143 93 99
Sundry debtors 3,866 - 4,608
Goodwill 50,688 56,264 50,117
Deferred tax 3,062 3,365 3,365
Intangible assets 6,193 9,948 7,158
Development assets 8,246 2,798 8,837
Right of use assets 11,731 10,074 9,532
TOTAL NON-CURRENT ASSETS 102,276 100,523 101,505
TOTAL ASSETS 241,624 210,771 206,888
Current liabilities
Bank overdraft 4,829 15,090 4,543
Trade creditors and accruals 45,154 24,293 35,102
Lease liabilities 3,114 3,194 3,290
Other financial liabilities5 1,359 1,415 1,291
Contract liabilities 43,144 24,451 26,307
Employee entitlements 9,128 7,561 9,369
Provision for warranty 1,318 1,228 1,323
Current portion of term loans 1,315 11,403 945
Deferred settlement on purchase of business - 854 -
Onerous contracts provision 4,454 7,938 5,241
TOTAL CURRENT LIABILITIES 113,815 97,427 87,411
Non-current
liabilities
Other financial liabilities5 143 521 182
Employee entitlements 838 753 719
Lease liabilities 9,575 7,622 7,145
Term loans 11,057 184 11,025
TOTAL NON-CURRENT LIABILITIES 21,613 9,080 19,071
Equity
Share capital 88,067 84,493 86,315
Retained earnings 17,962 21,133 13,316
Foreign currency translation reserve 485 (1,076) 1,061
Equity attributable to equity holders of the parent 106,514 104,550 100,692
Non-controlling interests (318) (286) (286)
TOTAL EQUITY 106,196 104,264 100,406
TOTAL LIABILITIES AND EQUITY 241,624 210,771 206,888
As at 28 February 2023

Half Year Result 2023
5
Scott Technology Ltd
28 Feb 202328 Feb 202231 Aug 2022
(Unaudited)(Unaudited)(Audited)
Note
$’000s$’000s$’000s
Cash Flows From Operating Activities
Cash was provided from / (applied to):
Receipts from operations 133,367 111,296 224,625
Interest received 80 28 560
COVID-19 wage subsidies received - 436 436
Payments to suppliers and employees (106,524) (118,369) (217,713)
Taxation paid (901) (2,230) (1,600)
Net cash inflow / (outflow) from operating activities4 26,022 (8,839) 6,308
Cash Flows From Investing Activities
Cash was provided from / (applied to):
Purchase of property, plant, equipment and intangible assets (1,558) (589) (2,312)
Sale of property, plant and equipment 282 72 877
Purchase of development asset (10) (588) (6,574)
Purchase of business - (497) (705)
Proceeds from discontinued operations -
- 896
Net cash (outflow) from investing activities (1,286) (1,602) (7,818)
Cash Flows From Financing Activities
Cash was provided from / (applied to):
Repayment of borrowings (464) (681) (1,599)
Dividends paid (less amount reinvested the dividend reinvestment scheme) (1,442) (1,354) (2,686)
Proceeds from borrowings 1,296 1,254 2,396
Lease payments (1,897) (1,694) (3,392)
Interest paid (1,033) (668) (1,516)
Net cash (outflow) from financing activities (3,540) (3,143) (6,797)
Net increase / (decrease) in cash held 21,196 (13,584) (8,307)
Add cash and cash equivalents at start of period 3,935 12,242 12,242
Balance at end of period 25,131 (1,342) 3,935
Comprised of:
Cash and cash equivalents 29,960 13,748 8,478
Bank overdraft (4,829) (15,090) (4,543)
25,131 (1,342) 3,935
For the Six Months Ended 28 February 2023
CONSOLIDATED STATEMENT
OF CASH FLOWS

Half Year Result 2023
6
Scott Technology Ltd
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 2022. These Interim Financial
Statements should be read in conjunction with the
policies disclosed in the annual financial statements.
The Group has adopted all mandatory new and amended
standards and interpretations. None had a material
impact on these 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.
RECLASSIFICATION OF PRIOR PERIOD
COMPARATIVES
Segments and Cash Generating Units (CGUs)
The previously reported segment and CGU of Australasia
was split in the second half of the 2022 financial year
into the new segments and CGUs of New Zealand and
Australia. As a result of the split of New Zealand and
Australia, the interim 2022 reported segment and CGU
of New Zealand and Australia has been split out in Note
2 Revenue and Note 3 Segment Information in order to
report comparative figures for the new segments/CGUs
of New Zealand and Australia.
Segment Reporting - Sources of Revenue
by Industry
For the period ended 28 February 2023, the Group has
redefined its sources of revenue from contracts with
customers from Systems, Products and Services to revenue
by industry, namely Meat, Mining, Materials Handling, and
Rest of Business, which better reflect the specific nature
and application of Group's systems technology, products
and services across its geographic manufacturing segments
and CGUs. The sources of revenue are also allocated
between sales and service revenue across these industries.
The main impact of this reclassification is a reallocation
of revenue between the old and new categories.
Comparative figures for the six month period ended
28 February 2022 and 12 months ended 31 August
2022 included under Note 2 Revenue from Contracts
With Customers have been restated in order to report
comparative figures under the new classifications.
1. SUMMARY OF
ACCOUNTING POLICIES
STATEMENT OF COMPLIANCE
The unaudited interim financial consolidated 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 and its annual financial statements comply with these
Acts. 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,
sales and servicing of automated and robotic production
lines and processes for a wide variety of industries in New
Zealand and abroad.
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. They also comply with
International Financial Reporting Standards ("IFRS").
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 earnings/ (loss) before interest, tax,
and depreciation and amortisation (EBITDA), and Net Tangible
Assets per ordinary shares (at period end) to describe
financial performance as it considers these line items provide
a better measure of underlying business performance.
These non-GAAP measures do not have a standard meaning
prescribed by GAAP and therefore may not be compatible to
similarly titled amounts reported by other entities.
For the Six Months Ended 28 February 2023
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS

Half Year Result 2023
7
Scott Technology Ltd
Discontinued Operation
On 16 June 2022, the Group discontinued its robotic
solutions and integration operation in Marion, Ohio
(RobotWorx). The comparative Consolidated Statement
of Comprehensive Income, Note 2 and Note 3 for the
six months ended 28 February 2022 have been restated
in line with the audited financial statements of Scott
Technology Limited for the year ended 31 August 2022.
AUDIT
The Interim Financial Statements for the six months ended
28 February 2023 are unaudited. Comparative balances for
the six months ended 28 February 2022 are also unaudited,
whilst the comparative balances for the 12 months ended 31
August 2022 are audited.
AUTHORISATION
The Interim Financial Statements were authorised by the
Board of Directors on 12 April 2023. The annual financial
statements for the year ended 31 August 2022 were
authorised by the Board of Directors on 18 October 2022.
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
Summary of accounting policies continued

Half Year Result 2023
8
Scott Technology Ltd
Six months ended
28 February 2023
(Unaudited)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales10,2389,867 579 8,428 29,112
Service2,2836,388 212 615 9,498
Segment revenue12,52116,2557919,043
38,610
Inter-segment revenue (5,748) (2,089) 1,330 (7,470)
(13,977)
Revenue from external customers 6,773 14,166 2,121 1,573
24,633
Timing of revenue recognition
- Over time 4,551 - 1,818 949
7,318
- At a point in time 2,222 14,166 303 624
17,315
6,773 14,166 2,121 1,573
24,633
Australia
manufacturing
Sales2,780 - - 7,996 10,776
Service3,396 - - 2,056 5,452
Segment revenue6,176 - - 10,052
16,228
Inter-segment revenue (1,819) 1,892 - (184)
(111)
Revenue from external customers 4,357 1,892 - 9,868
16,117
Timing of revenue recognition
- Over time 2,857 - - 7,936
10,793
- At a point in time 1,500 1,892 - 1,932
5,324
4,357 1,892 - 9,868
16,117
Americas
manufacturing
Sales4,783- 11,289 599 16,671
Service3,690542 3,962 7 8,201
Segment revenue8,47354215,251606
24,872
Inter-segment revenue 7,155 16 1,526 7,615
16,312
Revenue from external customers 15,628 558 16,777 8,221
41,184
Timing of revenue recognition
- Over time 2,395 - 12,907 7,875
23,177
- At a point in time 13,233 558 3,870 346
18,007
15,628 558 16,777 8,221
41,184
Europe
manufacturing
Sales5,669- 22,216 1,141 29,026
Service1,577- 8,256 215 10,048
Segment revenue7,246 - 30,472 1,356 39,074
Inter-segment revenue 139 - (2,856) 3,702 985
Revenue from external customers 7,385 - 27,616 5,058 40,059
Timing of revenue recognition
- Over time- - 19,360 4,728 24,088
- At a point in time 7,385 - 8,256 330 15,971
7,385 - 27,616 5,058 40,059
2. REVENUE FROM CONTRACTS WITH CUSTOMERS
The Group derives revenue from contracts with customers 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.
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023

Half Year Result 2023
9
Scott Technology Ltd
Six months ended
28 February 2023 continued
(Unaudited)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
China
manufacturing
Sales - - - 7,749 7,749
Service - - - --
Segment revenue - - - 7,749 7,749
Inter-segment revenue 273 181 - (3,663) (3,209)
Revenue from external customers 273 181 - 4,086 4,540
Timing of revenue recognition
- Over time - - - 4,086 4,086
- At a point in time 273 181 - - 454
273 181 - 4,086 4,540
Total
manufacturing
Sales23,4709,86734,08425,91399,334
Service10,9466,93012,4302,89333,199
Segment revenue34,41616,79746,51428,806
126,533
Inter-segment revenue - - - -
-
Revenue from external customers 34,416 16,797 46,514 28,806
126,533
Timing of revenue recognition
- Over time9,803-34,08525,574
69,462
- At a point in time24,61316,79712,4293,232
57,071
34,416 16,797 46,51428,806
126,533
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
2. Revenue from contracts with customers continued

Half Year Result 2023
10
Scott Technology Ltd
Six months ended
28 February 2022
(Unaudited) (Restated)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales12,08411,681 607 12,460 36,832
Service2,1885,675 260 132 8,255
Segment revenue14,272 17,356 867 12,592
45,087
Inter-segment revenue (6,001) (2,822) - (5,960)
(14,783)
Revenue from external customers 8,271 14,534 867 6,632
30,304
Timing of revenue recognition
- Over time 4,437 - 607 5,827
10,871
- At a point in time 3,834 14,534 260 805
19,433
8,271 14,534 867 6,632
30,304
Australia
manufacturing
Sales7,640931 - 13,679 22,250
Service2,354 - - 1,765 4,119
Segment revenue9,994931 - 15,444
26,369
Inter-segment revenue 2,719 2,822 - (107)
5,434
Revenue from external customers 12,713 3,753 - 15,337
31,803
Timing of revenue recognition
- Over time 5,700 - - 13,601
19,301
- At a point in time 7,013 3,753 - 1,736
12,502
12,713 3,753 - 15,337
31,803
Americas
manufacturing
Sales1,262 - 3,715 260 5,237
Service1,638 - 3,871 - 5,509
Segment revenue2,900 - 7,586 260
10,746
Inter-segment revenue 2,889 - - -
2,889
Revenue from external customers 5,789 - 7,586 260
13,635
Timing of revenue recognition
- Over time - - 3,715 -
3,715
- At a point in time 5,789 - 3,871 260
9,920
5,789 - 7,586 260
13,635
Europe
manufacturing
Sales3,315 - 16,911 803 21,029
Service825 - 8,187 312 9,324
Segment revenue4,140 - 25,098 1,115 30,353
Inter-segment revenue 128 - - 10 138
Revenue from external customers 4,268 - 25,098 1,125 30,491
Timing of revenue recognition
- Over time - - 16,911 821 17,732
- At a point in time 4,268 - 8,187 304 12,759
4,268 - 25,098 1,125 30,491
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
2. Revenue from contracts with customers continued

Half Year Result 2023
11
Scott Technology Ltd
Six months ended
28 February 2022 continued
(Unaudited) (Restated)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
China
manufacturing
Sales - - - 1,268 1,268
Service - - - - -
Segment revenue - - - 1,268 1,268
Inter-segment revenue 265 - - 6,057 6,322
Revenue from external customers 265 - - 7,325 7,590
Timing of revenue recognition
- Over time - - - 7,325 7,325
- At a point in time 265 - - - 265
265 - - 7,325 7,590
Total
manufacturing
Sales24,30112,61221,23328,47086,616
Service7,0055,67512,3182,20927,207
Segment revenue31,30618,28733,55130,679
113,823
Inter-segment revenue - - - -
-
Revenue from external customers 31,306 18,287 33,551 30,679
113,823
Timing of revenue recognition
- Over time10,137 - 21,23327,574
58,944
- At a point in time21,169 18,287 12,3183,105
54,879
31,306 18,287 33,551 30,679
113,823
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
2. Revenue from contracts with customers continued

Half Year Result 2023
12
Scott Technology Ltd
12 months ended
31 August 2022
(Audited) (Restated)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
New Zealand
manufacturing
Sales19,23026,639 174 14,561 60,604
Service4,80012,134 465 671 18,070
Segment revenue24,03038,77363915,232
78,674
Inter-segment revenue (14,824) (5,488) 5,274 (12,688)
(27,726)
Revenue from external customers 9,206 33,285 5,913 2,544
50,948
Timing of revenue recognition
- Over time 2,070 454 5,449 1,053
9,026
- At a point in time 7,136 32,831 464 1,491
41,922
9,206 33,285 5,913 2,544
50,948
Australia
manufacturing
Sales12,5921,090 - 21,507 35,189
Service5,356 - - 4,327 9,683
Segment revenue17,9481,090 - 25,834
44,872
Inter-segment revenue 7,773 4,446 - (421)
11,798
Revenue from external customers25,7215,536 - 25,413
56,670
Timing of revenue recognition
- Over time 14,547 27 - 21,331
35,905
- At a point in time 11,174 5,509 - 4,082
20,765
25,721 5,536 - 25,413
56,670
Americas
manufacturing
Sales2,534 - 11,314 836 14,684
Service3,812 - 7,010 - 10,822
Segment revenue6,346 - 18,324836
25,506
Inter-segment revenue6,1891,042 - 19,727
26,958
Revenue from external customers12,5351,04218,32420,563
52,464
Timing of revenue recognition
- Over time173- 11,314 19,518
31,005
- At a point in time12,3621,042 7,010 1,045
21,459
12,5351,04218,32420,563
52,464
Europe
manufacturing
Sales7,164 - 34,980 1,688 43,832
Service1,848 - 16,100 632 18,580
Segment revenue9,012 - 51,080 2,320 62,412
Inter-segment revenue589 - (5,274) 158 (4,527)
Revenue from external customers9,601 - 45,8062,478 57,885
Timing of revenue recognition
- Over time- - 29,706 1,782 31,488
- At a point in time 9,601 - 16,100 696 26,397
9,601 - 45,8062,478 57,885
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
2. Revenue from contracts with customers continued

Half Year Result 2023
13
Scott Technology Ltd
12 months ended
31 August 2022
(Audited) (Restated)
MeatMining
Materials
Handling
Rest of
Business Total
$’000s$’000s $’000s $’000s
$’000s
China
manufacturing
Sales (273) - - 10,566 10,293
Service - - - - -
Segment revenue (273) - - 10,566 10,293
Inter-segment revenue273 - - (6,776) (6,503)
Revenue from external customers - - - 3,790 3,790
Timing of revenue recognition
- Over time - - - 3,222 3,222
- At a point in time - - - 568 568
- - - 3,790 3,790
Total
manufacturing
Sales41,24727,72946,46849,158164,602
Service15,81612,13423,5755,63057,155
Segment revenue57,06339,86370,04354,788
221,757
Inter-segment revenue - - - -
-
Revenue from external customers57,06339,86370,04354,788
221,757
Timing of revenue recognition
- Over time16,79048146,46946,906
110,646
- At a point in time40,27339,38223,5747,882
111,111
57,06339,86370,04354,788
221,757
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
2. Revenue from contracts with customers continued

Half Year Result 2023
14
Scott Technology Ltd
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
Segment revenues and results
The following is an analysis of the Group’s revenue and results by reportable segment. For the purposes of NZ IFRS 8,
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 as these allocations
would not result in a meaningful and comparable measure of profitability by segment.
Manufacturing
Six months Ended
28 February 2023
(Unaudited)
New Zealand AustraliaAmericas Europe China UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s $’000s
Sales 16,368 10,580 32,390 29,757 4,239 - 93,334
Service 8,265 5,537 8,794 10,302 301 - 33,199
Total Revenue 24,633 16,117 41,184 40,059 4,540 - 126,533
Segment profit / (loss) 11,521 830 3,354 3,840 781 - 20,326
Depreciation and amortisation (408) (1,466) (297) (1,484) (77) (188) (3,920)
Share of net surplus in joint ventures 119 - - - - - 119
Interest revenue - 2 35 25 15 3 80
Central administration costs----- (5,885) (5,885)
Finance costs(310) (32) (60) (151) - (472) (1,025)
Net profit / (loss) before taxation 10,922 (666) 3,032 2,230 719 (6,542) 9,695
Taxation (expense) / benefit (975) 248 (671) (465) (6) - (1,869)
Net profit / (loss) after taxation 9,947 (418) 2,361 1,765 713 (6,542) 7,826
3. SEGMENT INFORMATION
The Group’s reportable segments under NZ IFRS 8 are:
• New Zealand Manufacturing
• Australia Manufacturing
• Americas Manufacturing
• Europe Manufacturing
• China Manufacturing
Information regarding the Group’s reporting segments is presented below.

Half Year Result 2023
15
Scott Technology Ltd
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
3. Segment information continued
Six months Ended
28 February 2022
(Unaudited)
Manufacturing
New Zealand AustraliaAmericas Europe China UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s $’000s
(Restated)(Restated)(Restated)(Restated)(Restated)
Sales
21,932 28,483 7,534 21,077 7,590 - 86,616
Service
8,372 3,320 6,101 9,414 - - 27,207
Total Revenue
30,304 31,803 13,635 30,491 7,590 - 113,823
Segment profit / (loss)
9,577 2,622 (258) 3,316 295 - 15,552
Depreciation and amortisation
(582) (1,398) (281) (1,572) (62) (192) (4,087)
Share of net surplus in joint ventures
435 - - - - - 435
Interest revenue
- - - - 28 - 28
Central administration costs
- - - - - (3,880) (3,880)
Finance costs
(77) (59) (69) (173) - (276) (654)
Net profit / (loss) before taxation
9,353 1,165 (608) 1,571 261 (4,348) 7,394
Taxation (expense) / benefit
(1,743) (584) 133 (488) (5) - (2,687)
Net profit / (loss) after taxation
7,610 581 (475) 1,083 256 (4,348) 4,707
Twelve Months Ended
31 August 2022
(Audited)
Manufacturing
New Zealand AustraliaAmericas Europe China UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s $’000s
(Restated)(Restated)(Restated)(Restated)(Restated)
Sales
32,795 48,529 40,378 39,110 3,790 - 164,602
Service
18,153 8,141 12,086 18,775 - - 57,155
Total Revenue
50,948 56,670 52,464 57,885 3,790 - 221,757
Segment profit / (loss)
22,962 2,512 (1,334) 8,002 309 - 32,451
Depreciation and amortisation
(1,171) (2,886) (575) (2,950) (137) (334) (8,053)
Share of net surplus in joint ventures
329 - - - - - 329
Interest revenue
- 486 - 1 73 - 560
Central administration costs
- - - - - (8,862) (8,862)
Finance costs
(153) (107) (164) (321) - (763) (1,508)
Net profit / (loss) before taxation
21,967 5 (2,073) 4,732 245 (9,959) 14,917
Taxation (expense) / benefit
(3,282) 667 1,068 (736) 23 - (2,260)
Net profit / (loss) after taxation
18,685 672 (1,005) 3,996 268 (9,959) 12,657
Revenue reported above represents revenue generated from external customers. Inter-segment sales, which are eliminated
on consolidation, were $15.2 million for the six months ended 28 February 2023, (six months ended 28 February 2022: $15.8
million; twelve months ended 31 August 2022: $40.8 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 and
investment revenue.

Half Year Result 2023
16
Scott Technology Ltd
4. NOTE TO THE CONSOLIDATED
C A SH FLOW STATEMENT
As at 28 February 2023 a deposit for a large materials handling project had been recieved.
28 Feb 202328 Feb 202231 Aug 2022
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Net profit for the period 7,826 4,739 90
Adjustments for non-cash items and non operating activities:
Depreciation and amortisation 3,920 4,108 8,053
Net (gain) on sale of property, plant and equipment (100) (27) (49)
Deferred tax 303 2,063 2,063
Share of net surplus of joint ventures and associates (119) (435) (329)
Non cash loss on discontinued operation - - 12,612
Interest expense 1,025 654 1,508
5,029 6,363 23,858
Add/(less) movement in working capital:
Trade debtors 4,200 (4,282) (12,518)
Other financial assets – derivatives (472) (697) (337)
Sundry debtors (2,812) 231 (4,689)
Inventories (1,461) (5,387) (10,857)
Contract assets (11,906) (4,997) 6,414
Contract liabilities 16,837 1,712 3,568
Onerous contract provision (787) (24) (2,721)
Taxation receivable 665 (1,608) (2,117)
Trade creditors and accruals 10,052 (5,803) 5,004
Other financial liabilities – derivatives 28 525 63
Employee entitlements (121) (680) 1,089
Provision for warranty (5) (2) 93
14,218 (21,012) (17,008)
Movements in working capital disclosed in investing/financing activities:
Working capital relating to sale/(purchase) of business and
non controlling interest
- 26 (622)
Movement in foreign exchange translation reserve
relating to working capital
(1,051) 1,045 (10)
Net cash (outflow) / inflow from operating activities 26,022 (8,839) 6,308
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023

Half Year Result 2023
17
Scott Technology Ltd
5. FINANCIAL INSTRUMENTS
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
6 months6 months12 months
28 Feb 202328 Feb 202231 Aug 2022
Assets
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
At fair value:
Fair value hedge of open firm commitments
1,140 1,375 1,037
Foreign currency forward contracts held as effective fair value hedges
237 9 -
Foreign exchange derivatives
132 12 -
1,509 1,396 1,037
Represented by:
Current financial assets 1,366 1,303 938
Non current financial assets 143 93 99
1,509 1,396 1,037
Liabilities
At fair value:
Fair value hedge of open firm commitments 237 9 -
Foreign currency forward contracts held as effective fair value hedges 1,140 1,375 1,037
Foreign exchange derivatives 125 125 353
Interest rate swap contracts- 427 83
1,502 1,936 1,473
Represented by:
Current financial liabilities
1,359 1,415 1,291
Non current financial liabilities
143 521 182
1,502 1,936 1,473
The Group has categorised these derivatives, both financial assets and financial liabilities, as Level 2 under the fair value
hierarchy contained within NZ IFRS-13.
The fair value of foreign currency forward exchange contracts is determined using a discounted cashflow valuation. Key
inputs include observable forward exchange rates, at the measurement date, with the resulting value discounted back
to present values.
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.
The fair value of foreign exchange contracts outstanding is recognised as other financial assets/liabilities.
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 the derivative contract is entered into and are subsequently
re-measured to their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss unless the
derivative is designated and effective as a hedging instrument, in which event, the timing of the recognition depends on the
nature of the hedge relationship.
The Group designates certain derivatives as hedges of the fair value of firm commitments (fair value hedge) or as hedges
of forecast future sales (cash flow hedge). Open firm commitments reflect contractual agreements to provide goods to
customers at an agreed price denominated in a foreign currency on specified future dates.

Half Year Result 2023
18
Scott Technology Ltd
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
6. CONTINGENT LIABILITIES
6 months6 months12 months
28 Feb 202328 Feb 202231 Aug 2022
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Payment guarantees and performance bonds
16,193 24,209 23,371
Stock Exchange bond
75 75 75
Maximum contract penalty clause exposure
10,284 5,256 8,950
7. RELATED PARTY TRANSACTIONS
6 months6 months12 months
28 Feb 202328 Feb 202231 Aug 2022
Joint Ventures
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Project work undertaken by the Group for RTL
503 - 229
Administration, sales and marketing fees charged by the Group to RTL
261 31 161
Sales revenue received by RTL from the Group
- - 257
Advance from Scott Technology to RTL 431 124 431
Interest charged by RTL to Scott Technology on advance - 13 14
Advances
Advances to joint ventures are unsecured, interest free and repayable on demand.
Substantial Shareholders
JBS Australia Pty Ltd owns a 52.84% shareholding in Scott Technology Limited (28 February 2022: 52.27%; 31 August
2022: 52.54%). The Group has recognised sales to JBS companies of $15.1 million (28 February 2022:$4.0 million; 31
August 2022: $8.5 million), and has made purchases from JBS Companies of $nil (28 February 2022: $nil; 31 August
2022: $nil). As at balance date the Group had $3.4 million receivable from JBS Companies (28 February 2022: $2.3
million; 31 August 2022: $2.0 million).
The Group had a revolving credit facility with JBS that expired on 31 August 2022. This facility was not utilised during
the comparative periods included in this report.
Dividends paid to JBS amounted to $1.7 million (28 February 2022: $1.6 million; 31 August 2022: $3.1 million). All
dividends have been reinvested in Scott Technology Limited under a dividend reinvestment plan.

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 (28 February 2022: $75,000; 31 August 2022: $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 becoming
increasingly common in international contractual agreements. There is a clearly defined sequence of events that needs to
occur before penalty clauses are imposed.

Half Year Result 2023
19
Scott Technology Ltd
Notes to and forming part of the consolidated financial statements continued
For the Six Months Ended 28 February 2023
8. SUBSEQUENT EVENTS
No other matters or circumstances have arisen since the end of the period which have significantly affected or may
significantly affect the operations, the reults of operations or the state of affairs of the Group in subsequent periods.
The Board has resolved to pay an interim dividend for the six months ended 28 February 2023 of 4 cents per share
(28 February 2022: 4 cents per share; 31 August 2022: 4 cents per share).

Half Year Result 2023
20
Scott Technology Ltd
SUBSIDIARIES
Name of EntityBalance Date
Country of
Incorporation
Ownership Interest
& Voting Rights
20232022
%%
Parent Entity
Scott Technology Limited 31 AugustNew Zealandn/an/a
New Zealand Trading Subsidiaries
Scott Technology NZ Limited31 AugustNew Zealand100100
Scott Automation Limited31 AugustNew Zealand100100
Scott Technology USA Limited31 AugustNew Zealand100100
QMT General Partner Limited31 AugustNew Zealand9393
QMT New Zealand Limited Partnership31 AugustNew Zealand9292
Scott Technology Americas Limited31 AugustNew Zealand100100
Scott Technology Europe Limited31 AugustNew Zealand100100
New Zealand Non Trading Subsidiaries
Scott LED Limited31 AugustNew Zealand100100
Rocklabs Limited 31 AugustNew Zealand100100
Overseas Subsidiaries
Scott Technology Australia Pty Ltd31 AugustAustralia100100
Scott Automation & Robotics Pty Ltd31 AugustAustralia100100
Scott Systems International Incorporated31 AugustUSA100100
Scott Systems (Qingdao) Co Limited31 December (*)China9595
Scott Technology GmbH31 AugustGermany100100
Scott Technology Belgium bvba 31 AugustBelgium100100
Scott Automation NV31 AugustBelgium100100
FLS Systems NV 31 AugustBelgium100100
Alvey do Brazil Comercio de Maquinas de Automacao31 December (*)Brazil100100
Scott Automation a.s. 31 AugustCzech Republic100100
Scott Automation SAS31 AugustFrance100100
Scott Automation Limited31 AugustUnited Kingdom100100
Normaclass 31 AugustFrance100100
Rivercan S.A. 31 December (*)Uruguay100100
(*) Determined by local regulatory requirements.
STATUTORY INFORMATION

For the Six Months Ended 28 February 2023

Half Year Result 2023
21
Scott Technology Ltd
DIRECTORS
EXECUTIVES’ DETAILS
DIRECTORY
Stuart McLauchlan Chairman and Independent Director
John Kippenberger Executive Director
John Thorman Independent Director and Audit Committee Chair
Derek Charge Independent Director
Edison Alvares Director (resigned September 2022)
Alan Byers Director
Brent Eastwood Director
John Berry Director (appointed September 2022)
Penny Ford Emerging Director
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
Statutory information continued
For the Six Months Ended 28 February 2023

---

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 2023
Previous Reporting Period 6 months to 28 February 2022
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$126,533 11%
Total Revenue $126,898 11%
Net profit/(loss) from
continuing operations
$7,826 66%
Total net profit/(loss) $7,826 65%
Interim/Final Dividend
Amount per Quoted Equity
Security
$0.040
Imputed amount per Quoted
Equity Security
NIL
Record Date 27 April 2023
Dividend Payment Date 11 May 2023
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.472 $0.403
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 2023 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@scottautomaton.com
Date of release through MAP

12/04/2023

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 2023
Ex-Date (one business day before the
Record Date)
26 April 2023
Payment date (and allotment date for
DRP)
11 May 2023
Total monies associated with the
distribution
1

$3,219,371.48
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.04000000
Gross taxable amount
3
$0.04000000
Total cash distribution
4
$0.04000000
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

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
$0.00000000
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
1.0%
Start date and end date for
determining market price for DRP
28 April 2023 2 May 2023
Date strike price to be announced (if
not available at this time)
5 May 2023
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
Not available at this time
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
28 April 2023
Section 5: Authority for this announcement
Name of person

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

12 April 2023





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