RYDER CAPITAL LIMITED Ryder Capital Limited
Interim Financial Report
For the Half-Year Ended 31 December 2021
Appendix 4D
Details of Reporting Period
Current: | Half-year ended 31 December 2021 | |||||||
Previous corresponding: | Half-year ended 31 December 2020 | |||||||
Results for announcement to the market | ||||||||
only | ||||||||
$ | Movement | % Movement | ||||||
Total investment income | 3,675,855 | ▲ | 505% | |||||
(R venue from ordinary activities) | ||||||||
N t profit from ordinary activities | 2,393,015 | ▲ | 141% | |||||
before capital profits and tax attributable to members | ||||||||
Net profit from ordinary activities | 2,721,737 | ▲ | 170% | |||||
after tax attributable to members | ||||||||
Total comprehensive income | 3,596,878 | ▼ | -78% | |||||
usefor the period attributable to members | ||||||||
Details of dividends | ||||||||
Ex-Dividend | Record | Payment | Cents per Franked amount | Tax rate for | ||||
Date | Date | Date | share | per share | franking | |||
2022 Interim dividend | 18 February | 21 February | 07 March | 3.00 | 3.00 | 30.0% | ||
(cents per share) | 2022 | 2022 | 2022 | |||||
Details of dividends reinvestment plan | ||||||||
N/A | ||||||||
N t Tangible Assets per share (cents) | ||||||||
personal | 31 December 2021 | 31 December 2020 | ||||||
Net Tangible Assets (per share) backing before tax | 184.04 | 189.27 | ||||||
Net Tangible Assets (per share) backing after tax | 171.96 | 173.93 | ||||||
C ntrol gained or lost over entities during the period | ||||||||
For |
The Company did not gain or lose control over any entities during the period.
Details of associates and joint venture entities
The Company did not have any interest in any associates or joint venture entities during the current period.
Independent auditor review report
This report is based on the interim financial report which has been subject to an independent review by the Company's Auditors, Grant Thornton Audit Pty Ltd. All the documents comprise the information required by Listing Rule 4.2A.
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onlyuseInterim financial report
For the half-year ended 31 December 2021 personalFor
ii
Ryder Capital Limited
Interim Financial Report
For the Half-Year Ended 31 December 2021
only Contents
useCorporate Directory Directors' Report
personalAuditor's Independence Declaration
Statement of Profit or Loss and Other Comprehensive Income Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Not s to the Financial Statements
Directors' Declaration
ForIndependent Auditor's Review Report to the Members
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Directors
onlyCompany Secretary Registered Office
useContact Details Share Registry
personalAuditor
Stock Exchange Listings
For
Ryder Capital Limited
Interim Financial Report
For the Half-Year Ended 31 December 2021
Corporate Directory
Peter Constable (Chairman)
David Bottomley
Ray Kellerman
David Bottomley
Claudia Rososinski
Level 28
88 Phillip Street
Sydney NSW 2000
- (02) 9000 9020 www.rydercapital.com.au
Link Market Services Limited
Level 12, 680 George Street
Sydney NSW 2000
- 1300 554 474 www.linkmarketservices.com.au
Grant Thornton Audit Pty Ltd
Level 17, 383 Kent Street
Sydney NSW 2000
P: (02) 8297 2400
Ryder Capital Limited securities are listed on the Australian Stock Exchange under the following exchange codes:
RYD
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Ryder Capital Limited
Interim Financial Report
For the Half-Year Ended 31 December 2021
Directors' Report
Your Directors present their report on Ryder Capital Limited ('Company') for the period ended 31 December 2021. The following persons onlywere Directors of the Company from registration date and up to the date of this report:
Peter Constable - Chairman
David Bottomley - Director and Company Secretary Ray Kellerman - Non-Executive Director
Principal activity
The principal activity of the Company during the period was investing in a concentrated portfolio of ASX listed small to mid capitalisation securities, bonds and cash consistent with the Company's permitted investments and stated investment objective of achieving long term capital growth in excess of its benchmark (RBA Cash rate plus 4.25% p.a.).
useR view of Operations
Ryder Capital Limited (Ryder or Company) generated a total comprehensive after-tax gain of $3,596,878 for the six months to 31 December
2021 (1H FY22). The Company reported a 1H FY22 statutory profit after tax of $2,721,737 after the payment and accrual of expenses against
higher dividend and interest income. The reported statutory profit ignores capital profits and as such is not representative of performance in isolation.
During the period, the Company materially expanded its capital base to 85.3m shares (from 67.6m shares at 30 June 2021) post the
exercise of 17.6 million RYDOA options up to 10 December 2021. The Board is pleased to have declared an interim dividend of 3 cents per share fully franked (in line with the 3 cents per share fully franked interim dividend paid in 1H FY21) with an ex-date of 18 February 2022 nd a payable date of 7 March 2022.
Ryder continues to deliver against its stated dividend policy which is to pay steady to increasing fully franked dividends over time, as illustrated below.
Ryder Dividends Paid Since Inception
NTA | ||||||||||||||||||
personalDividendsPaid | ||||||||||||||||||
ForIn the long | • | |||||||||||||||||
run, | future dividend payment will be a function of future investment performance; however, it is important for shareholders to |
note the strong position the Company is in today due to consistently strong returns achieved since inception. This has resulted in a large and growing distributable profits reserve which forms the foundation of current and future dividend payments.
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Ryder Capital Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 23:17:05 UTC.
