Slide 1: Investor Presentation: Half Year Results to 31 Dec 2006
investor Presentations : Half Year Results to 31 Dec 2006 al Adelaide | Melbourne .
Slide 2: Codan Limited Investor Presentation - Half-Year Results
Codan Limited CODAN gt, 12% & 13% February 2007 Investor Presentation - Half-Year Results to 31 December 2006 Mike Heard CEO Managing Director David Hughes Company Secretary Chief Finance & Information Officer
Slide 3: Agenda
Company ee Products Half Year Results ~ Financial Results and Di ~ Key Outco a eo - Second Half _ Future Questions
Slide 4: Codan — The Company & Business
Codan — The Company & Business glo al markets for communicati _ products ales and Cucina: Services oe in | Australia, U USA, China and India _ 7 i oe HY 07 Revenue $62, 2m, Net Profit After Tax " 5
Slide 5: Codan Products
coaN Products Codan designs, manufactures and markets globally falue- -added product for: = Communication ~ HF Radio © Satellite Comi ~ Digital Microwav Ratio Television broadcasting (Codan Broadcast
Slide 6: Financial Results First Half FY07
Financial Results First Half FY07 6 Months Ended 31 Decem Revenue Communications Produc Other Total Revenue EBIT Interest | Net profit before tax Tax Net profit after tax
Slide 7: Financial Results First Half FY07: Earnings and Dividend
Financial Results First Half FYO6 Earnings per ordinary share (cents) _ 1 issued capital at 31 December 2006 diluted) scord date : / 19 March 2007 Payment date 2 April 2007 Ac Dec 2005 | 27
Slide 8: Balance Sheet
Cu RENT ASSETS __ lnventories _ Other investments roperty, Plant & Equipment | Product Devt intangible Assets ther _ Tota. ASSETS Borowlags Provisions 2.0 a | NETASSETS 100.9 104.6 SHAREHOLDERS EQuiry _ShareCapital —_ 23.5 Reserves | Retained Protits | 46.7 _ 0.2
Slide 9: Financial Results First Half Highlights
N Financial Results First Half FYO6 _ Reduced expense — nereased operating in an environment f con ued strength of the AUD: ~ _ Underlying business performance stabilised Elare! improve oe Substantial cash generate from operations
Slide 10: Outlook — Second Half
cnn Outlook — Second Half trong ‘orders on bend | secondhalf _ providing abase for muchimproved _ revenue and profit compared to the s same | period last " 7. ) Activity and some expen ed: evaluation of 7 Jisition opportunitie
Slide 11: The Future
con The Future 9d progress made in ing exposure to | variations in the US dollar to Australian : dollar exchange rate furthe progress is anticipated = urther focus on lon : acquisition and organically
Slide 12: Thank you
CODAN lank you [ory ur support of Coda