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ASX Release 23 February 2021 For immediate release to the market GENUSPLUS GROUP - HALF YEAR RESULTS FY2021 HIGHLIGHTS : • Revenue of $ 138.1 million up 60.1 % on PCP . Normalised EBITDA of $ 16.9 million up 31.0 % on PCP . • Normalised NPAT of $ 9.2 million up 27.8 % on PCP . • • • Normalised Cash inflow from Operations of $ 5.2 million down 30 % on PCP . Cash balance of $ 31.1 million and net cash of $ 22.5 million . GENUS Orderbook of $ 388 million - 93 % of Prospectus FY21 forecast revenue secured , with $ 106 million revenue secured for FY22 . Tendered pipeline strong at $ 840 million . Successful IPO in December 2020 . GENUSPLUS GROUP HY2021 RESULTS Perth - based essential power and telecommunications infrastructure provider GenusPlus Group Ltd ( ASX : GNP ) ( " Genus Plus " , or the " Group " ) today reported a normalised EBITDA of $ 16.9 million for the first half of FY2021 . The first half result was better than expected . HY2021 HY2020 Change Prospectus Prospectus % FY2021 Forecast FY2021 Forecast Achieved to date % Revenue EBITDA¹ 138.1 86.3 60 % 303.3 46 % 13.0 12.9 EBITDA Normalised² 16.9 12.9 31 % 32.3 52 % Normalised EBITDA Margin 12.2 % 15.0 % 10.6 % EBIT¹ 9.6 10.6 EBIT Normalised² 13.5 10.6 27 % 25.5 53 % Normalised EBIT Margin 9.8 % 12.3 % 8.4 % NPAT 5.7 7.2 NPAT Normalised² 9.2 7.2 28 % 17.3 53 % Normalised NPAT Margin 6.7 % 8.4 % 5.7 % Cash flow from Operations ( 5.3 ) 12.5 ( 3.3 ) Cash flow from Operations Normalised³ 5.2 7.4 ( 30 % ) 19.1 $ M unless otherwise stated . 1. These are non - IFRS measures that are unaudited but derived from auditor reviewed Half - Year Financial Statements . These measures are presented to provide further insight into GenusPlus Group's performance . 2. HY 2021 EBITDA / EBIT / NPAT excluding ASX listing costs of $ 2.7 million , ECM Claims management costs of $ 1.2 million , Director share issue costs of $ 0.4 million and Mark to market revaluation of investment of ( $ 0.5 ) million , resulting in after tax costs of $ 3.5 million . 3. HY 2021 excluding ASX listing costs paid of $ 2 million , ECM Claims management costs of $ 1.2 million and reversal of prepaid revenue of $ 7.3 million ( HY 2020 : $ 5.1 Million ) . Level 1 , 63 Abernethy Road , Belmont WA 6104 P : ( 08 ) 9390 6999 www.genusplusgroup.com.au 1