FINANCIALS

• Sales revenue increased 73% to $7,434.3 million
• Operational earnings before interest, tax, depreciation and amortisation (EBITDA) increased 85% to $807.7 million
• Operating earnings before interest and tax (EBIT) increased 80% to $612.8 million
• Net operating profit after tax and minorities (NPAT) increased 59% to $315 million
• Earnings per share (EPS) based on the number of shares at end of period up 4% to 36 cents
• Operating cash flow up 27% to $350.8 million
• Operating sales margin based on EBIT improved to 8.2% from 7.9%
• Operating return on funds employed (ROFE) rose to 15.2% from 14.6%
• Net debt including derivatives increased 148% to $2,064.4 million from $831.1 million
• Fully franked dividend of 21.5 cents from 18.5 cents

OPERATIONAL

• Total Australian steel tonnes despatched increased 60% to 3,659,823 tonnes
• Domestic tonnes despatched increased 40% to 3,094,804 tonnes
• Iron ore tonnes sold increased to 4.4 million tonnes per annum and additional 0.5 million tonnes of ore by–products
• Record steel production of 2,659,479 tonnes
• Recycled metal sales of 1,965,141 tonnes
• Smorgon Steel merger recorded $41 million of net synergy benefitsand restructuring costs of $77 million
• Staff numbers increased 55% to 11,678 from 7,526
• The Medical Treatment Injury Frequency Rate (per million hours worked) down 23% to 6.2 (excluding Smorgon Steel)