Babcock & Brown
24 08 06 interim result 2006 presentation.pdf - Astrojapanproperty.com
24 08 06 interim result 2006 presentation.pdf - Astrojapanproperty.com
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Highlights<br />
• Net Profit after tax attributable to the <strong>Babcock</strong> & <strong>Brown</strong> Group¹ for the six month period was<br />
$163m an increase of 48% on pcp. This growth generated:<br />
– Basic EPS² growth of 48%<br />
– Fully diluted EPS growth of 44%<br />
– DPS of 15¢<br />
• The result exceeds the guidance released at the Company’s AGM in May 2006 of 40% EPS<br />
growth for the six month period ended 30 June 2006.<br />
• Specialised Funds and Assets under Management grew 41% from A$22bn at 31 December<br />
2005 to A$31bn at 30 June 2006. The business is well positioned to grow this number<br />
significantly in the second half of 2006 and into 2007.<br />
• Upgraded Basic EPS growth guidance for 2006 from “at least 35%”, given in late May, to<br />
45%. Achieving this guidance will be dependent on market conditions over the period. The<br />
successful execution of all current fund initiatives targeted for 2006 will result in BNB<br />
exceeding the upgraded guidance.<br />
1. <strong>Babcock</strong> & <strong>Brown</strong> Group comprises <strong>Babcock</strong> & <strong>Brown</strong> Limited, the company listed on the ASX and <strong>Babcock</strong> & <strong>Brown</strong> International Pty Ltd, a 75.5% owned subsidiary.<br />
2. Basic EPS as defined on page 11 of the Financial Report<br />
3
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