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← Coventry Group Ltd ASX RELEASE 2021 Half Year Results New financing facility with National Australia Bank 26 February 2021 Highlights • Trading performance improved during H1 FY21 with the Group delivering underlying profitability growth for both EBITDA and EBIT . • Group sales growth for H1 FY21 including acquisitions of 12.5 % and excluding acquisitions of 11.9 % compared with the prior corresponding period . Group sales including acquisitions at $ 138.1m ( $ 122.7m FY20 ) . $ 5.5m of the large $ 8.0m order reported in the Q1 trading update has been delivered to the end of the half year . • Group underlying EBITDA of $ 7.0m ( $ 4.0m FY20 ) , a 74.5 % ( $ 3.0m ) improvement compared with the prior corresponding period . • Group underlying EBIT of $ 5.7m ( $ 2.6m FY20 ) . • Statutory net profit for the half year $ 2.3m ( $ 2.0m FY20 ) . The Group has a solid balance sheet with Net Tangible Assets of $ 48.4m and Net Assets of $ 104.7m as at 31 December 2020 . • Net debt of $ 11.2m as at 31 December 2020 . • Completed the acquisition of the business and assets of H.I.S. Hose Pty . Ltd. ( " H.I.S. Hose ” ) , funded through the Company's existing debt facility . Announces today the company has entered into a new financing arrangement with the National Australia Bank ( NAB ) , subject to final documentation . • No interim dividend declared . Note 1 : Group sales growth % excludes foreign exchange translation variance Note 2 : Underlying EBIT and EBITDA , Net Tangible Assets and Net Assets exclude the impact of AASB 16 - Leases COVID - 19 All business units are operating with COVID - safe plans and are fully operational . We are well prepared to respond to any localised lockdowns . Coventry Group Ltd | ABN 37 008 670 102 | 235 Settlement Road , Thomastown VIC 3074 | Tel : ( 03 ) 9205 8223 | www.cgl.com.au