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2016 Full Year Results

WPP AUNZ Limited | 2016 Full Year Results | Page 1 of 3

ASX Release

24 February 2017


WPP AUNZ Limited (“WPP AUNZ” “the Group” ASX: WPP), Australasia’s leading marketing content and communications group, today announced its financial results for the year ended 31 December 2016.

Financial Highlights

• Achieved guidance range delivering $141.6m profit before interest and tax.

• Increase in final dividend to 3.9 cents giving a full year dividend of 6.0 cents (up 5%).

Operational Highlights

• Completion of WPP plc and STW Group merger, and rebrand to WPP AUNZ Limited with combined net sales of A$865 million.

• Merger integration in line with expectations, strong agency engagement, reinforced leadership team structure, momentum to achieve identified cost efficiencies in 2017.

• New Executive Council in place to deliver closer oversight and local control of operating companies.

Current Trading and Outlook

• Momentum through a number of new business wins in the final quarter of 2016, across all business segments.

• Driving organic growth through winning market share and driving cost efficiencies.

• Expect to deliver mid-single digit growth in earnings per share for the full year 2017.

Key Measures 31 Dec 2015 31 Dec 2016 Change
Net sales $855m $865m +1.2%
Profit before interest and tax $136.9m $141.6m +3.5%
Net sales margin 16.0% 16.4% +0.4%
EPS (cents per share) 9.2 cents 9.5 cents +4.1%
Final dividend (fully franked) 3.6 3.9 cents +8.3%
Total dividend 5.7 cents 6.0 cents +5.3%
Leverage ratio (debt/EBITDA) 2.5x 1.9x Driven by strong cash conversion - Hit target range

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