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ASX ANNOUNCEMENT ( ASX Code : ANG ) austin 25 February 2021 Austin First Half 2021 Results Austin reiterates FY2021 guidance 1H21 Key Metric and Highlights • • Total revenue from continuing operations $ 87.9 million in line with pcp ( $ 89.1 million ) Normalised EBITDA from continuing operations increased 32 % to $ 6.3 million vs pcp Normalised EBITDA margins from continuing operations lift to 7.2 % vs 5.4 % pcp H1 underlying NPAT from continuing operations $ 1.5 million ( $ 0.2 million 1H20 ) Cash outflow from operations of $ 6.8 million due to movements in working capital Fully franked FY2021 interim dividend of 0.2 cents per share , payable 5 April 2021 Austin reiterates FY2021 guidance of underlying NPAT in excess of $ 9 million 90 % of order book required to achieve guidance already secured Austin sees continued strong APAC performance , and turnaround in North America Global mining equipment design and manufacturer , Austin Engineering Limited ( ASX : ANG , Austin or the Company ) is pleased to announce its results for the first half of the Financial Year 2021 ( 1H21 ) . Austin confirms that guidance for underlying NPAT in excess of $ 9 million for FY2021 remains unchanged . Austin Managing Director , Peter Forsyth , said : “ Asia - Pacific continues to perform strongly while our first half results were impacted by the effects of COVID - 19 in both North and South America . We have commenced the calendar year with a significantly improved outlook in North America with a number of orders received in January and February 2021 , supporting a continuation of strong performance expected in Asia- Pacific . Consequently , our order book is currently at 90 % of the level required to meet guidance , which is a higher level than typical for the business and importantly all facilities have in excess of 80 % of their required revenues locked in . Coupled with the likelihood of conversion of uncommitted opportunities , we are maintaining our full year 2021 guidance of underlying NPAT in excess of $ 9 million . We recognise the need for a much improved second half , but we are confident in our ability to meet our guidance target . The nature of our business is that incremental revenue above the level of our fairly static fixed facility costs flows strongly to our bottom line , supporting the strong second half required to meet guidance . " Financial results Group total revenues were broadly in line with the previous corresponding half , down 1 % to $ 87.9 million . By region , Asia Pacific revenue increased 24 % to $ 60.5 million , supported by strong earnings performances in Austin's Perth and Indonesian operations on a solid order book at the start of the year . In contrast , revenues in the Company's North American operation fell 58 % to $ 12 million due to an unstable political climate and the implications of COVID - 19 , including its impacts on commodity markets , particularly oil prices , impacting on capital demand for new equipment during the first half , however this trend is reversing in the second half . 1