13.07.2015 Views

INVESTOR PRESENTATION - Codan

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FY13 PROFIT AND LOSSUnderlying business performanceAdministrative expenses Engineering expensesFY13FY12$m % to sales $m % to sales % changeRevenue $244.3 100% $179.4 100% 36%Underlying business performanceEBITDA $76.3 31% $51.7 29% 48%EBIT $64.7 26% $43.2 24% 50%Net interest ($1.7) -1% ($3.4) -2%Net profit before tax $63.0 26% $39.8 22% 58%Underlying net profit after tax $45.4 19% $27.9 16% 63%Sales and marketing expensesStatutory net profit after tax $45.4 $23.1 97%• Record revenue and profit levels• Profitability margins have increased over FY12 as metal detectors represent a greater proportion of salesand the company continues to reduce manufacturing costs• Expenses increased due to acquisitions, investment in product development and development of newmarkets20

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