Brickworks : Preliminary Final Report FY July 2016

22 September 2016

Australian Securities Exchange Attention: Companies Department

BY ELECTRONIC LODGEMENT

Dear Sir / Madam

Please find attached the Brickworks Limited Appendix 4E - Preliminary Final Report for the year ended 31 July 2016, for immediate release to the market.

Yours faithfully BRICKWORKS LIMITED

Susan Leppinus

Company Secretary

ASX Appendix 4E

Lodged with the ASX in accordance with Listing Rule 4.3A

BRICKWORKS LIMITED

A.B.N. 17 000 028 526

Preliminary Final Report Results for announcement to the market Reporting period: 12 months to 31 July 2016

Previous corresponding period: 12 months to 31 July 2015

Revenues from ordinary activities ($000's)

Profit from ordinary activities after tax attributable to members ($000's)

Net profit for the period attributable to members ($000's) Net profit after tax before significant items ($000's) Basic earnings per share (cents per share)

Net tangible assets per share (cents per share)

UP 4% TO

CURRENT

PERIOD 31 JUL 16

750,985

PREVIOUS

PERIOD 31 JUL 15

723,611

STEADY AT

STEADY AT UP 22% TO STEADY AT

UP 3% TO

78,190

78,190

147,079

52.6

1,096.0

78,090

78,090

120,299

52.6

1,059.4

Comments on above results RECORD UNDERLYING NPAT BUILDING PRODUCTS, PROPERTY AND INVESTMENTS UP FULL YEAR DIVIDEND 48 CENTS, UP 7%

** Statutory NPAT including significant items, up 0.1% to $78.2 million

** Underlying NPAT before significant items up 22.3% to $147.1 million

• Building Products EBIT up 33.7% to $75.4 million (EBITDA $102.8 million)

• Land & Development EBIT up 14.1% to $73.5 million

• Investments EBIT up 8.6% to $59.6 million

** Net debt/capital employed of 12.8%, net debt $269.2 million

** Final dividend of 32 cents fully franked, up 2 cents or 6.7%

** Total full year dividend of 48 cents fully franked, up 3 cents or 6.7%

DIVIDENDS

Amount per security

Franked amount per security

Total amount paid / payable

Foreign source dividend per security

Ordinary shares (cents) (cents) ($000's) (cents)

Proposed final ordinary dividend

(payable 30 November 2016) 32.0 32.0 47,596 0.0

Record date for determining entitlements to the dividend Previous corresponding period	10 NOVEMBER 2016
(paid 25 November 2015) 30.0	30.0	44,621 0.0
Interim ordinary dividend (paid 3 May 2016) 16.0	16.0	23,798 0.0

Previous corresponding period

(paid 5 May 2015) 15.0 15.0 22,261 0.0

There were no dividend reinvestment plans in operation at any time during or since the end of the financial year.

For more detailed information please refer to attached review of operations.

This report is based on accounts which have been audited. There has been no dispute or qualification in relation to these accounts or report.

BKW App 4E 31 July 2016

BRICKWORKS LIMITED A.B.N. 17 000 028 526 ANNUAL REPORT 2016

BRICKWORKS LIMITED AND CONTROLLED ENTITIES

A.B.N. 17 000 028 526

FIVE YEAR SUMMARY

2012	2013	2014	2015	2016	%
$000	$000	$000	$000	$000	Growth
Total revenue	556,911	606,509	670,268	723,611	750,985	4%
Building Products revenue	547,590	568,654	636,895	700,871	748,128	7%
Earnings before interest and tax (excluding significant items) Building products	28,538	32,802	45,081	56,364	75,381	34%
Property	16,438	49,206	61,013	61,735	72,105	17%
Waste management	2,571	413	1,414	2,649	1,346	(49%)
Investments	1,081	493	262	280	442	58%
Associates	66,619	59,509	44,382	54,574	59,117	8%
Head office and other expenses	(6,796)	(7,384)	(8,945)	(9,699)	(12,479)	(29%)
Total EBIT (excluding significant items)	108,451	135,039	143,207	165,903	195,912	18%
Borrowing costs	(25,215)	(18,800)	(18,073)	(19,482)	(14,080)	28%
Income tax	(4,366)	(16,191)	(23,845)	(26,122)	(34,753)	(33%)
Net profit after income tax (excluding significant items)	78,870	100,048	101,289	120,299	147,079	22%
Significant items Washington H Soul Pattinson & Co.	756	(18,483)	4,973	(25,140)	129
Write down of assets to recoverable value - Property, plant & equipment	(4,169)	(8,608)	(2,581)	-	(14,523)
- Building products inventory	(4,192)	-	-	-	-
Costs related to JV and business acquisition Costs on closure of manufacturing facility and site relocation costs	(1,947) (6,927)	729 (3,130)	- (379)	(577) -	(206) (5,201)
Costs on start up of manufacturing facilities	(4,147)	(593)	-	(4,333)	(1,025)
Impairment of goodwill and timber access rights	(31,627)	-	-	(16,761)	(47,258)
Legal and advisory costs - Perpetual matter	(1,273)	(465)	(2,841)	(1,504)	(2,828)
Restructuring activities	-	(970)	(578)	(1,236)	(2,929)
Other significant items	(2,612)	(2,040)	-	-	(315)
Tax on significant items	7,580	5,424	1,914	2,822	8,109
Tax benefit arising from WHSP carrying value	12,992	13,253	958	4,520	(2,842)
Total significant items	(35,566)	(14,883)	1,466	(42,209)	(68,889)
Net profit after income tax (including significant items)	43,304	85,165	102,755	78,090	78,190	0%
Basic earnings per share (cents)	29.3	57.6	69.4	52.6	52.6	(0%)
Underlying earnings per share (cents)	53.4	67.7	68.4	81.1	98.9	22%
Dividends Total dividends per share (cents)	40.5	40.5	42.0	45.0	48.0
Ratios
Net tangible assets per share	$9.44	$9.82	$10.32	$10.59	$10.96	3%
Return on shareholders equity	2.6%	5.0%	5.7%	4.3%	4.3%	(1%)
Underlying return on shareholders equity	4.7%	5.8%	5.6%	6.6%	8.0%	21%
Interest cover ratio	5.2	6.6	7.3	9.7	14.4	48%
Net debt to capital employed	14.7%	15.7%	14.5%	14.2%	12.8%	(10%)