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ASX Announcement Ansell Limited Announces F'21 H1 Results Delivers Record Sales and Earnings Growth Ansell 16 February 2021 - Ansell Limited ( ASX : ANN ) , a global leader in personal protection safety solutions , today announces half year results for the period ending 31 December 2020 . Results Highlights ( Please note all amounts in this release are reported in US dollars ) • Sales of $ 937.8m ; 24.5 % growth and 22.9 % Organic Growth¹ ( Volume + 12.3 % and Price / Mix + 10.6 % ) ○ Healthcare Organic Growth¹ of 37.3 % with strong volume growth across all Strategic Business Units ( SBUS ) and favourable price / mix impact , mainly in Exam / Single Use ( SU ) O Industrial Organic Growth1 of 7.0 % with strong volume growth from Chemical Protective Clothing and Multi - Purpose / Electrical / Cut gloves more than offsetting weaker demand from Impact gloves EBIT³ of $ 147.4m , up 60.6 % YoY and 64.3 % on a Constant Currency growth ( CC ) ² basis . EBIT margin improved by 353bps to 15.7 % о Driven by sales growth combined with higher production volumes , manufacturing efficiencies and SG & A operating leverage Profit Attributable of $ 106.5m , up 61.9 % YoY and 61.3 % on a CC basis and EPS of 82.9 ¢ , up 65.5 % YoY and 64.7 % on CC basis Operating Cash Flow generation of $ 12.0m² reflects increased investment in working capital to support sales growth and higher capital expenditure to expand capacity to meet greater demand while achieving ROCE of 16.3 % 5 Increased half year dividend to US33.2 ¢ , 52.6 % growth over F'20 H1 and -40 % dividend payout . Targeting to pay between 40-50 % of Profit Attributable to Ansell's shareholders as dividends F'21 H1 YoY % Movement vs Statutory Statutory FINANCIAL SUMMARY F'20 H1 US $ m , unless otherwise specified Statutory Change CC² Sales 753.3 937.8 24.5 % 22.9 % GPADE 257.2 336.8 30.9 % 31.1 % EBIT3 91.8 147.4 60.6 % 64.3 % Profit Attributable 65.8 106.5 61.9 % 61.3 % EPS ( USC ) 50.1 ¢ 82.9 ¢ 65.5 % 64.7 % Operating Cash Flow4 47.8 12.0 -74.9 % DPS ( USC ) 21.75 ¢ 33.20 ¢ 52.6 % -234 1. Organic Growth compares F'21 H1 to F'20 H1 revenue at Constant Currency ( see below ) and excludes the effects of acquisitions and divestments . Constant Currency ( CC ) compares F'21 H1 to F'20 H1 results restated at F'21 H1 average FX rates ; See Slide 27 of F'21 H1 Investor Presentation . F'21 H1 EBIT includes $ 2.7m share of profit from Careplus JV ( equity accounted ) . 2 . 3 . 4 . Operating Cash Flow defined as Net Receipts from Operations per the Consolidated Statement of Cash Flows adjusted for net expenditure on property , plant , equipment , intangible assets , lease repayments , net interest and tax . 5. ROCE is calculated as Trailing 12 months EBIT over average capital employed . 56 Ansell's financial results are reported under International Financial Reporting Standards ( IFRS ) . This release includes certain non - IFRS measures including EBIT , Operating Cash Flow , Organic Growth and Constant Currency . These measures are presented to enable understanding of the underlying performance of the Company . Non IFRS measures have not been subject to audit or review . 1