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FLEETWOOD AUSTRALIA 24 February 2021 FLEETWOOD DELIVERS STRONG FIRST HALF YEAR EARNINGS CORPORATE HIGHLIGHTS $ million Revenue EBITA Pre - tax profit NPATA¹ H1 FY21 H1 FY20 Change 169.9 161.3 5 % 16.0 12.8 26 % 13.4 10.1 34 % 10.7 8.4 27 % DIVISIONAL RESULTS Building Solutions Revenue EBITA Accommodation Solutions Revenue EBITA RV Solutions Revenue EBITA 1 NPATA = Underlying NPAT plus after - tax amortisation of contract intangible . H1 FY21 H1 FY20 121.3 106.6 4.1 2.8 22.4 22.5 10.9 9.6 31.2 35.6 3.7 2.5 Fleetwood Limited ( ASX : FWD ) ( Fleetwood or the Company ) is pleased to announce strong first half earnings for FY21 , driven by solid performances across all three operating divisions . Fleetwood has delivered a 26 % increase in earnings before interest , tax and amortisation ( EBITA ) to $ 16.0 million on a 5 % lift in revenue to $ 169.9 million . Shareholders will receive an interim dividend of 6 cents per share following an increase in the annual dividend payout ratio to 100 % of net profit after tax ( NPATA basis ) . Importantly , strong cashflow generation has resulted in net cash of $ 65 million ( compared to $ 28.7 million in the previous corresponding period and $ 66 million at 30 June 2020 ) after accounting for the first half dividend payment of $ 11.4 million . APPOINTMENT OF NEW CHAIR Phillip Campbell announced at the November 2020 AGM his intention to retire upon Fleetwood's Half Year results and has resigned from the Board effective from Friday 26 February 2021 . The Company is pleased to advise the appointment of John Klepec as Chair of the Board effective Friday 26 February . Phillip Campbell said " It has been an honour to have served the shareholders of Fleetwood Limited alongside my fellow directors over the last four and a half years . I wish John good fortune and will be watching the further evolution of Fleetwood with interest . " CEO COMMENT Commenting on the first half results , Interim Chief Executive Officer Andrew Wackett said : " This is a very pleasing result , particularly in the face of ongoing challenges caused by the COVID - 19 global pandemic . 21 Regal Place , East Perth , WA , 6004 , Australia T : +61 8 9323 3300 | Web : www.fleetwoodlimited.com.au ACN : 009 205 261 G