Full Year Result 2021-22

Livestock Improvement Corporation (NZX: LIC) is pleased to present its full year result for the year ended 31 May 2022. Summary of financials o Total Revenue from Continuing Operations: $263.2 million (up 5.7%) o Net Profit After Tax (NPAT): $26.7 million (up 16.5%) o Underlying Earnings: $25.7 million (up 15.3%) o Strong balance sheet, no debt at year-end and total assets $385.6 million (up 1.2%) o Dividend: $26.2 million, or 18.43 cents per share o R&D investment: $18.2 million or 6.9% of revenue (up 6.2% from $17.1 million) o LIC expects underlying earnings* in 2022-23 to be in the range of $20-26 million, assuming no significant climate event or milk price change takes place between now and then, nor any major impacts from M. bovis or Covid-19. Please view downloads for more information. Contact: Shareholder enquiries: shareregistry@lic.co.nz or phone 0800 542 742 Media enquiries: Aleisha Williams: Aleisha.Williams@lic.co.nz 0275711702 End CA:00395658 For:LIC Type:FLLYR Time:2022-07-21 08:30:25