Computershare : Annual Report 2016

COMPUTERSHARE | ANNUAL REPORT | 2016

This financial report covers the consolidated entity consisting of Computershare Limited and its controlled entities.

The financial report is presented in United States dollars (USD), unless otherwise stated.

Computershare Limited is a company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is:

Computershare Limited Yarra Falls

452 Johnston Street, Abbotsford Victoria 3067 Australia

The financial report was authorised for issue by the directors on 19 September 2016. The company has the power to amend and reissue the financial report.

A separate notice of meeting including a proxy form is enclosed with this financial report.

CONTENTS*

OVERVIEW

1. Financial highlights

2. Chairman and Chief Executive Officer Report

5 Group and Regional Operating Overview

16 Business Strategies and Prospects

GOVERNANCE

18 Corporate Governance Statement

29 Directors' Report

1. Auditor's Independence Declaration

   FINANCIALS

2. Consolidated Statement of Comprehensive Income

3. Consolidated Statement of Financial Position

4. Consolidated Statement of Changes in Equity

5. Consolidated Cash Flow Statement

6. Notes to the Consolidated Financial Statements

REPORTS

1. Directors' Declaration

2. Declaration to the Board of Directors

3. Independent Auditor's Report

FURTHER INFORMATION

1. Shareholder information

2. Corporate directory IBC Office locations

* The Chairman and Chief Executive Officer Report, Group and Regional Operating Review and Business Strategies and Prospects comprise our Operating and Financial Review (OFR) and form part of the Directors' Report.

PAGE 1

FINANCIAL HIGHLIGHTS

STATUTORY RESULTS

JUNE 2016 JUNE 2015 % CHANGE

Total revenue 1,961.1 million 1,971.3 million -0.5%

Net profit after non-controlling interests (NCI) 157.3 million 153.6 million 2.4%

Statutory earnings per share 28.55 cents 27.61 cents 3.4%

MANAGEMENT ADJUSTED RESULTS

Management EBITDA* 532.6 million 554.1 million -3.9%

Management net profit after NCI* 303.5 million 332.7 million -8.8%

Management earnings per share* 55.09 cents 59.82 cents -7.9%

BALANCE SHEET

Total assets 3,977.7 million 3,801.5 million 4.6%

Total shareholders' equity 1,108.7 million 1,177.6 million -5.9%

PERFORMANCE INDICATORS

Free cash flow (excluding SLS advances) 347.4 million 388.3 million -10.5% Net debt to management EBITDA (excluding non-recourse debt)* 2.12 times 1.86 times 14.0% Return on equity* 26.91% 28.62% -6.0%

Staff numbers 17,839 15,836

For a reconciliation between statutory and management adjusted results, refer to note 3 in the notes to the financial statements.

* These financial indicators are based on management adjusted results. Management adjusted results are used, along with other measures, to assess operating business performance. The Group believes that exclusion of certain items permits better analysis of the Group's performance on a comparative basis and provides a better measure of underlying operating performance. Management adjustment items that were income to the Group are included in statutory results as other income and therefore management total revenue is consistent with statutory total revenue. Return on equity is calculated as management NPAT after NCI over average monthly shareholders' equity.

FINANCIAL CALENDAR

2016

17 AUGUST Record date for final dividend

13 SEPTEMBER Final dividend paid

9 NOVEMBER The Annual General Meeting of Computershare Limited ABN 71 005 485 825

LOCATION: Computershare Conference Centre

Yarra Falls, 452 Johnston Street Abbotsford, Victoria 3067

TIME: 10.00am

2017

15 FEBRUARY Announcement of financial results for the half year ending 31 December 2016

PAGE 2 Computershare Annual Report 2016