FY24 – ASX Appendix 4E – Full year report

APPENDIX 4E - FULL YEAR REPORT
Details of the company and reporting periods
Name of entity
ARBN
Current reporting period
Previous corresponding reporting period
Release date
Result for announcement to the market
Financial Performance (NZ$ million)FY24FY23
Revenue from ordinary activitiesDown -15% to1,064.3 1,244.8
EBITDA
1
before significant items
5
Down-33% to147.6 218.9
EBIT
2
before significant items
5
Down-43% to99.0 173.7
Net financing costsUp+4% to40.1 38.5
Profit before tax and significant items
5
Down-56% to58.9 135.1
Income taxDown -53% to18.9 40.0
NPAT
3
from ordinary activities before significant items
5
Down-58% to40.0 95.1
Significant items
4
Down-100% to- 7.2
NPAT from ordinary activities after significant itemsDown -55% to40.0 87.9
Earnings per share before significant itemsUp-58% to30.4 72.4
1. EBITDA - Earnings Before Interest, Tax, Depreciation and Amortisation
2. EBIT - Earnings Before Interest and Tax
3. NPAT - Net Profit After Tax attributable to shareholders
4. Significant items - FY23: NZ$7.2m costs (post tax) for business integration
Net Tangible Assets (NTA, NZ$ per share)
As at30-Jun-24 30-Jun-23
NTA per share attributable to Vulcan shareholders1.211.30
Dividends (NZ cents per share)
Amount Imputation* Franking** Amount Imputation* Franking**
Interim ordinary
12.0
100%100%
24.5
100%100%
Final ordinary dividend12.030%100%30.544%100%
Record date for determining entitlements to FY24 final dividend27-Sep-24
FY24 final dividend payment date10-Oct-24
* at 28% corporate tax rate in New Zealand, ** at 30% corporate tax rate in Australia
FY24FY23
Vulcan Steel Limited (Vulcan)
652 996 015 (incorporated in New Zealand)
Full year ended 30 June 2024 (FY24)
Full year ended 30 June 2023 (FY23)
27 August 2024
5. Profit before significant items is a non-IFRS measure reported to provide a greater understanding of the underlying business performance of
Vulcan. The above disclosures are extracted or derived from the financial report for the financial year ended 30 June 2024, which has been audited
by Deloitte. The Independent Auditor's Report provided by Deloitte is included in Vulcan's Annual Report for the financial year ended 30 June 2024.
Commentary on the results for the FY24 period
Additional disclosure requirements and supporting information for the Appendix 4E are contained within Vulcan's
FY24 Annual Report. This Appendix should be read in conjunction with Vulcan's FY24 Annual Reportand other
related releases dated 27 August 2024.
This announcement was approved for release by Vulcan Board of Directors.