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// NZAI NZ Automotive Investments Limited 17 Levene Pl , Mt Wellington , Auckland , 1060 +64 ( 9 ) 666 0158 info@nzautomotiveinvestments.co.nz nzautomotiveinvestments.co.nz 29 November 2021 Market Announcement NZX : NZA NZAI declares interim dividend despite Covid - 19 impacts Performance highlights HY22 ( All figures in NZD as of 30 September 2021. Comparisons are made against HY21 which was also affected by COVID - 19 restrictions ) . • • • • • • • . Revenue and income¹ increased 1.9 % to $ 31.2 million for the full six - month period . The business was performing well prior to the Covid - 19 lockdown beginning in mid - August , with revenue up 27 % on the same period last year . Net profit after tax : $ 1.4 million , within guidance range of $ 1.4 - $ 1.6 million , but a decrease of $ 0.5 million largely due to the effects of Covid - 19 related restrictions . EBITDA² including finance income : $ 3.2 million , decreased $ 0.8 million . Interim gross dividend of 2.2 cps declared , representing a gross annualised dividend yield of 5.2 % ( based on a share price of $ 0.86³ ) , to be paid 23 December 2021 . Earnings per share : 3.1 cps against 4.15 cps for the same period last year . 39 % of all 2 Cheap Cars ' sales nationwide were through online sales channels during Covid - 19 level 3 and 4 lockdowns . The automotive business is responding well since Covid - 19 related restrictions have eased . NZ Automotive Investments Limited ( NZAI ) ( NZX : NZA ) today reports half year earnings to 30 September 2021 ( HY22 ) , achieving NPAT within guidance and declaring an interim dividend . NZAI was performing well in the first four and a half months in the lead up to the raising of Covid - 19 alert levels across the country in mid - August . 2 Cheap Cars ' vehicle sales were averaging 800 cars per month over the period , an increase of 27 % on the same Covid - 19 affected period last year . Like other retail businesses , NZAI's operations and the broader automotive industry were impacted by the lockdowns relating to Covid - 19 during the latter part of HY22 . NZAI's subsidiaries , 2 Cheap Cars and NZ Motor Finance could not fully trade for at least 45 days , or 24 % of the period . The Company was therefore impacted by reduced car sales and by vehicle processing restrictions due to the closure of the vehicle processing hub in Mount Wellington under alert level 4. Throughout the period , the Company has had to be agile in responding to the disruptions and uncertainty . HY22 revenue and income¹ of $ 31.2m increased by 1.9 % on HY21 , despite an estimated $ 7.5 million of lost opportunity in revenue due to the effects of the Covid - 19 related restrictions .