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ASX & Media Release 17 February 2021 carsales com ltd carsales delivers excellent earnings growth in the first half carsales.com Limited ( ASX : CAR ) today announced its results for the half year ended 31 December 2020. The Group delivered a strong set of results despite the COVID - 19 pandemic , demonstrating the strength of the Australian business and the growth potential of its international markets . The result was underpinned by double digit adjusted earnings growth across both Domestic and International portfolios . The company delivered these results alongside continued investment in long term growth opportunities in large and attractive addressable markets . Results highlights • • • Strong double digit earnings growth with Adjusted EBITDA up 18 % and Adjusted NPAT up 17 % . This reflects earnings growth across all financial segments with South Korea a highlight , recording EBITDA growth of 30 % ³ on the prior corresponding period ( " pcp " ) . Strong margin performance with Group Adjusted EBITDA² margin of 60 % reflecting good operating leverage and a continued focus on cost management in both the domestic and international businesses . Resilient revenue performance with Adjusted Revenue² down by 2 % with strong growth in South Korea and good growth in Dealer , offset by declines in the tyresales and Media businesses , largely due to the impact of COVID - 19 . Reported Revenue down 7 % to $ 199m , Reported EBITDA up 9 % to $ 114m and Reported NPAT down 14 % to $ 61m . Reported metrics impacted by $ 11m COVID - 19 dealer support package . • Strong cash flow with Reported EBITDA to operating cash flow conversion of 111 % . • Excellent free cash flow generation , and a strong balance sheet supported an interim dividend of 25.0 cents per share up 14 % on pcp . A $ m Adjusted Revenue² Adjusted EBITDA² Adjusted NPAT² Reported Revenue H1 FY201 H1 FY21 Growth % 213 210 ( 2 % ) 107 126 18 % 63 74 17 % 213 199 ( 7 % ) Reported EBITDA 105 114 9 % Reported NPAT 71 61 ( 14 % ) Adjusted Earnings Per Share ( Cents ) 25.9 30.1 16 % Reported Earnings Per Share ( Cents ) 29.1 24.8 ( 15 % ) Interim Dividend per share ( cents ) 22.0 25.0 14 % 1. FY20 Asia segment revenue has been restated to align with carsales ' group accounting policy . 2. Adjusted Revenue , Adjusted EBITDA and Adjusted NPAT stated above is post non - controlling interests and excludes certain non - recurring or non - cash items . Refer to Results Presentation documents regarding the disclosure of non - IFRS information and reconciliation from Reported to Adjusted Financials . 3. Represents local currency growth . 4. Look - through methodology : for equity accounted associates and consolidated subsidiaries , add the total revenue or EBITDA for the period of ownership within the reporting period multiplied by the % ownership over the period . 1