Earnings release
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III | wisetech ' il ' global empowering and enabling global logistics 24 February 2021 ASX Announcement : 2021 \ 10 WiseTech Global : 1H21 revenue up 16 % , EBITDA up 43 % Underlying NPAT up 61 % . Efficiency initiatives on track to deliver $ 10 million of cost reductions in FY21 First half 2021 ( 1H21 ) overview • Total Revenue of $ 238.7 million , up 16 % on 1H2O • • • • • • • CargoWise revenue up 19 % ( 1H21 : $ 150.0 million ; 1H20 : $ 126.5 million ) , a testament to increasing customer usage of the CargoWise platform Acquisition revenue of $ 88.7 million , up 12 % on 1H202 Strategic investment ( via in - house R & D and acquisitions ) is driving CargoWise's revenue growth and market penetration delivering : ○ ○ O geographic expansion ; the addition of new functionalities and products ; and increasing momentum in the number of global customer roll - outs of CargoWise ( eight new sign - ups since 1 January 2020³ : Aramex , Hellmann , deugro , CEVA Logistics , a . hartrodt , cargo - partner , Seafrigo Group and Hankyu Hanshin Express ) Organisation - wide efficiency initiatives including synergies from acquisitions delivered $ 6.1 million in cost reductions in 1H21 ( net benefit $ 1.0 million post $ 5.1 million restructuring costs ) EBITDA of $ 89.2 million up 43 % and EBITDA Margin up 7pp – reflecting continued revenue growth and cost reduction initiatives Underlying NPAT4 of $ 43.6 million up 61 % Cash at 31 December 2020 of $ 251.4 million - 1H21 free cash flow of $ 48.7 million up 74 % on 1H20 Fully franked interim dividend of 2.70 cents per share declared , payable on 9 April 2021 Group financial metrics ( 1H21 v 1H20 ) Group financial metrics Total Revenue ( A $ m ) Recurring revenue5 EBITDA ( A $ m ) 1H2O 1H21 1H21 v 1H2O 205.9 238.7 16 % 90 % 91 % 1pp 62.5 89.2 43 % EBITDA margin 30 % 37 % 7pp Statutory NPAT ( A $ m ) 59.9 44.4 ( 26 ) % Earnings per share ( EPS ) ( cents per share ) 18.8 13.7 ( 27 ) % Underlying NPAT ( A $ m ) 27.1 43.6 61 % Underlying EPS ( cents per share ) 8.5 13.4 58 % Interim dividend ( cents per share ) 1.70 2.70 59 % Free cash flow ( A $ m ) 28.0 48.7 74 % ¹ Acquisition revenue relates to revenue generated by businesses acquired since 2012 that are not included in CargoWise revenue 2 Excluding acquisitions completed in FY20 and FY21 , acquisition revenue in 1H21 was down $ 1.2 million on 1H20 3 Previously disclosed are Aramex , Hellmann , deugro , CEVA Logistics , a . hartrodt , cargo - partner and Seafrigro Group . Hankyu Hanshin Express was signed since the last disclosure at the WiseTech Digital Investor Day 2020 4 Underlying NPAT excludes fair value adjustments from changes to acquisition contingent consideration ( 1H21 : $ 0.8 million ; 1H2O : $ 32.7 million ) 5 Recurring revenue is the sum of revenue categorised as Recurring On - Demand and Recurring One - Time Licence ( " OTL " ) Maintenance revenue WiseTech Global Limited ABN 41 065 894 724 Unit 3a , 72 O'Riordan Street Alexandria NSW 2015