ARISTOCRAT LEISURE LIMITED
ABN 44 002 818 368
For personal use only
2021 PROFIT ANNOUNCEMENT
RESULTS TO BE RELEASED TO THE MARKET
ANNUAL INFORMATION GIVEN TO THE ASX UNDER LISTING RULE 4.3A
Aristocrat Leisure Limited
Building A Pinnacle Office Park
85 Epping Road North Ryde NSW 2113
2021 PROFIT ANNOUNCEMENT
For personal use only
CONTENTS
Appendix 4E - Results for announcement to the market Directors' Report
Operating and Financial Review
Remuneration Report
Auditor's Independence Declaration
2021 Financial Statements
- Statement of profit or loss and other comprehensive income
- Balance sheet
- Statement of changes in equity
- Cash flow statement
- Notes to the financial statements
Directors' Declaration
Independent Auditor's Report
Aristocrat Leisure Limited Preliminary final report 30 September 2021
ARISTOCRAT LEISURE LIMITED
A.B.N. 44 002 818 368
For personal use only
APPENDIX 4E
Preliminary Final Report
Period ended: 30 September 2021
Previous corresponding period: 30 September 2020
Results for announcement to the market
2021 | |||||
Statutory results | $'m | ||||
Revenue from ordinary activities | up | 14.4% | to | 4,736.6 | |
Profit from ordinary activities before tax | up | 160.3% | to | 935.9 | |
Profit from ordinary activities after tax | down | 40.5% | to | 820.0 | |
Normalised results1 | |||||
Operating revenue | up | 14.4% | to | 4,736.6 | |
Profit before tax | up | 113.7% | to | 1,016.8 | |
Profit after tax and before amortisation of acquired intangibles | up | 81.4% | to | 864.7 | |
Dividends | |||||
Record date for | |||||
determining | |||||
Amount per | Franked amount | entitlements to | |||
security | per security | dividends | |||
Current year - 2021: | |||||
- Interim dividend | 15.0c | 15.0c | 31 May 2021 | ||
- Final dividend | 26.0c | 26.0c | 2 December 2021 | ||
Previous year - 2020: | |||||
- Interim dividend | 0.0c | 0.0c | Not applicable | ||
- Final dividend | 10.0c | 10.0c | 2 December 2020 |
Dividend Reinvestment Plan
The Aristocrat Leisure Limited Dividend Reinvestment Plan (DRP) will not operate in respect of the 2021 final dividend.
For further explanation of the above figures please refer to the operating and financial review and market presentations. Other financial information required by the Appendix 4E is contained in the financial statements.
Audit
This report is based on accounts that have been audited. The audit report is included as part of this profit announcement.
1 Normalised results exclude the impact of certain significant items which are either individually or in aggregate material to Aristocrat and are outside the ordinary course of business or part of the ordinary activities of the business but unusual due to their size and nature. Details are provided in the Operating and Financial Review.
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Aristocrat Leisure Limited | Directors' Report
For the 12 months ended 30 September 2021
The Directors present their report together with the Financial Statements of the Company and its subsidiaries (the Group) for the
12 months ended 30 September 2021 (the financial year). The information in this report is current as at 18 November 2021 unless otherwise specified.
onlyThis Directors' Report has been prepared in accordance with the requirements of Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) (the Act).
Review and results of Operations
A review of the operations of the Group for the financial year and the results of those operations is set out in the Operating and Financial Review which forms part of this Directors' Report.
Financial results
The reported result of the Group attributable to shareholders for the 12 months ended 30 September 2021 was a profit of $820 million after tax (2020: profit of $1,377.7 million after tax) and normalised profit after tax and before amortisation of acquired intangibles (NPATA) for the financial year was $864.7 million (2020: $476.6 million).
useFurther details regarding the financial results of the Group are set out in the Operating and Financial Review and Financial Statements.
Dividends
Since the end of the financial year, the Directors have authorised a final fully franked dividend of 26.0 cents (2020: 10.0 cents) per fully-paid ordinary share. Details of the dividends paid and declared during the financial year are set out in Note 1-6 to the Financial Statements.
Remuneration Report
Details of the remuneration policies in respect of the Group's Key Management Personnel are detailed in the Remuneration Report personalwhich forms part of this Directors' Report. Details of Directors' interests in shares of the Company as at the end of the reporting
period are set out on page 58 of the Remuneration Report.
Environmental regulation
Aristocrat is committed to being a responsible business that does not cause harm to people and the environment.
The Group's operations have a limited impact on the environment, and we are committed to investing resources to drive our environmental performance across our operations. The Group is subject to a number of environmental regulations in respect of its integration activities. The Company integrates (assembles) machines and systems in Australia, the USA, Macau, and the UK. The Company uses limited amounts of chemicals in its assembly process. The Directors are not aware of any breaches of any environmental legislation or of any significant environmental incidents during the financial year.
Based on current emission levels, the Company is not required to register and report under the National Greenhouse and Energy Reporting Act 2007 (Cth) (NGER Act). However, the Company continues to receive reports and monitors its position to ensure compliance with the NGER Act.
The Company is committed to not only complying with environmental laws and regulations relevant to its operations, but also to achieving a high standard of environmental performance across all its operations. The Company is aware of, and continues to plan for, any new Australian regulatory requirements on climate change. Identified climate related risks are managed and mitigated through Aristocrat's enterprise risk management processes, which explicitly encompasses climate related risks and opportunities. These risks are also considered as part of core business processes, including strategy development and business continuity planning.
ForAristocrat adopts a phased long term approach to expansive climate-related disclosures, with our current focus on Risk Management, Governance and Strategy disclosures. A key priority has been lifting Environmental, Social, and Governance (ESG) capability and core infrastructure - particularly data capturing. More comprehensive and reliable data in areas such as emissions and resource consumption will facilitate better quality disclosures, and more effective abatement and improvement strategies internally. Aristocrat undertakes a materiality assessment to identify ESG issues relevant to the business on a periodic basis, and environmental issues are considered as part of this assessment. Aristocrat publishes detailed sustainability disclosures annually.
Principal activities
Aristocrat is a leading global gaming content and technology company and top-tier mobile games publisher. The principal activities of the Group during the financial year were the design, development and distribution of gaming content, platforms and systems, including electronic gaming machines, casino management systems and free-to-play mobile games. The Company's regulated gaming products are approved for use in more than 300 licensed jurisdictions and are available in more than 100 countries.
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Aristocrat Leisure Limited | Directors' Report
Significant changes in the state of affairs
Except as outlined below and elsewhere in this Directors' Report, there were no significant changes in the state of affairs of the Group during the financial year.
Events after balance date
onlyOther than the above and the Board authorising the final dividend, since the end of the year and to the date of this Directors' Report, no other matter or circumstance has arisen that has significantly affected or may significantly affect the Group's operations, results of those operations or state of affairs in future reporting periods.
On 18 October 2021, the Company announced:
- a recommended cash offer for Playtech plc (LSE: PTEC) (Playtech) that, if completed, will result in a wholly-owned subsidiary of the
Company, Aristocrat (UK) Holdings Limited, acquiring the entire issued and to be issued share capital of Playtech (Acquisition); and
- a $1.3 billion equity raising by way of an underwritten pro rata accelerated renounceable entitlement offer with rights trading, to
partly finance the Acquisition. The equity raising was successfully completed on 17 November 2021.
Likely developments and expected results
use | Director | Experience and other directorships | Special responsibilities |
personal | |||
Neil Chatfield | Nominated December 2017. Appointed February 2018. | Non-Executive | |
M.Bus, FCPA, FAICD | - Chairman of Costa Group Holdings Limited | Chairman | |
(since July 2015, appointed as a Non-Executive Director October 2011) | Member, Regulatory | ||
- Non-Executive Director of Transurban Group | & Compliance | ||
Committee | |||
(February 2009 - October 2021) | |||
Member, People & | |||
- Former Chairman of Seek Ltd (June 2005 - December 2018) | |||
Culture Committee | |||
- Former Chairman of Virgin Australia Holdings Ltd | |||
Member, Audit | |||
- Former Non-Executive Director of Recall Holdings Ltd and | |||
Committee | |||
Iron Mountain, Inc. | |||
- Former Executive Director and Chief Financial Officer of | |||
Toll Holdings Ltd (until September 2008) | |||
Trevor Croker | Appointed 1 March 2017. | Managing Director | |
Advanced Management | - Director and Chairman of the American Gaming Association | and Chief Executive | |
Program, GAICD | Officer | ||
(Chairman effective January 2020) | |||
- Former Executive Vice President, Global Product & Insights, | |||
Aristocrat Leisure Limited | |||
- Former Managing Director, ANZ - Aristocrat Leisure Limited | |||
For | - Sales Director - Fosters Australia Ltd | ||
Kathleen Conlon | Nominated January 2014. Appointed February 2014. | Chair, People & | |
BEc, MBA, FAICD | - Chair of Lynas Rare Earths Limited (since September 2020, | Culture Committee | |
appointed as a Non-Executive Director November 2011) | Member, Audit | ||
- Non-Executive Director of BlueScope Steel Limited (since February 2020), | Committee | ||
and The Benevolent Society (since February 2013) | |||
- Member of Chief Executive Women | |||
- Member of the Australian Institute of Company Directors (AICD) Corporate | |||
Governance Committee and a former National Board Member of the AICD | |||
- Former Non-Executive Director of REA Group Limited (June 2007 - | |||
November 2021) and CSR Limited | |||
- Former Partner and Director, Boston Consulting Group (BCG) |
Likely developments in the operations of the Group in future financial years and the expected results of operations are referred to in the Operating and Financial Review which forms part of this Directors' Report.
Directors' particulars, experience and special responsibilities
The Directors of the Company throughout the financial year and up to the date of this report are:
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Aristocrat Leisure Ltd. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 21:51:18 UTC.