Investor Presentaiton

FY19 H1 Results Overview: Financial Highlights FY19 H1 FY18 H1 Variance (%) EBITDAI11 ($m) 19.556m 16.477m 18.69% Gross Operating Cash Flow2 ($m) (GOCF) 6.618m 6.487m 2.01% EPS³ (cents) 1.28¢ 4.52¢ (77.81%) Dividend per share (cents) 1.25¢ (unfranked) 1.0¢ (franked) SHINE CORPORATE LTD Reportable EBITDAI and GOCF result improved by adoption of new AASB16 accounting standard, whereby operating lease payments are removed from operating cash outflows and reclassified as depreciation (non-cash) and interest (financing cash flow) Half year GOCF impacted by approximately $4.2m of Class Action billings due 31 December 2018, with majority paid in early January 2019 Medium term aim to improve GOCF to 60- 70% of EBITDA on track Underlying (Pre-impairment) EPS 4.16¢ Interim dividend increased as outlook for underlying operations continues to improve 1 3 EBITDAI means Earnings Before Interest, Tax, Depreciation, Amortisation and Impairment. EBITDA lis not an IFRS measurement and has not been reviewed by the Group's external auditors. GOCF means Gross Operating Cash Flow (net cash provided by operating activities excluding finance costs and income tax). GOCF is not an IFRS measurement and has not been reviewed by the Group's external auditors. EPS means Earnings Per Share. FY19 H1 Results Presentation 14

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