Valuation| | | | | | Fiscal Period: December| 2017| 2018| 2019|...

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Valuation
1	Fiscal Period: December	2017	2018	2019	2020	2021	2022
2	Capitalization1	879	1 368	2 720	2 643	2 643	-
3	Entreprise Value (EV)1	923	1 384	2 645	2 553	2 491	2 414
4	P/E ratio	57,9x	33,3x	64,9x	51,0x	35,9x	27,1x
5	Yield	0,72%	0,62%	0,40%	0,45%	0,60%	0,82%
6	Capitalization / Revenue	5,28x	3,75x	5,07x	4,27x	3,62x	3,11x
7	EV / Revenue	5,54x	3,80x	4,93x	4,12x	3,42x	2,84x
8	EV / EBITDA	32,8x	19,4x	26,2x	23,8x	18,0x	14,2x
9	Price to Book	9,41x	9,81x	5,65x	4,94x	4,44x	3,92x
10	Nbr of stocks (in thousands)	105 805	106 600	121 108	122 346	122 346	-
11	Reference price (AUD)	8,31	12,8	22,5	21,6	21,6	21,6
12	Last update	02/20/2018	02/24/2019	02/24/2020	02/21/2021	02/21/2021	02/21/2021

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Annual Income Statement Data
1	Fiscal Period: December	2017	2018	2019	2020	2021	2022
2	Net sales1	167	364	536	619	729	850
3	EBITDA1	28,1	71,3	101	107	138	170
4	Operating profit (EBIT)1	26,3	62,3	75,1	75,6	104	133
5	Operating Margin	15,8%	17,1%	14,0%	12,2%	14,2%	15,7%
6	Pre-Tax Profit (EBT)1	20,4	56,0	55,1	69,2	99,7	130
7	Net income1	14,3	41,7	41,6	52,1	73,2	96,3
8	Net margin	8,57%	11,4%	7,76%	8,41%	10,0%	11,3%
9	EPS2	0,14	0,39	0,35	0,42	0,60	0,80
10	Dividend per Share2	0,06	0,08	0,09	0,10	0,13	0,18
11	Last update	02/20/2018	02/24/2019	02/24/2020	01/24/2021	02/21/2021	02/21/2021

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Balance Sheet Analysis
1	Fiscal Period: December	2017	2018	2019	2020	2021	2022
2	Net Debt1	43,9	16,3	-	-	-	-
3	Net Cash position1	-	-	75,3	89,9	152	228
4	Leverage (Debt / EBITDA)	1,56x	0,23x	-0,75x	-0,84x	-1,10x	-1,34x
5	Free Cash Flow1	-80,6	39,2	51,8	72,0	79,3	104
6	ROE (Net Profit / Equities)	30,7%	35,8%	13,4%	11,2%	13,9%	15,9%
7	Shareholders' equity1	46,6	116	311	463	526	604
8	ROA (Net Profit / Asset)	11,8%	19,6%	9,52%	9,36%	11,9%	14,0%
9	Assets1	121	213	437	557	613	685
10	Book Value Per Share2	0,88	1,31	3,98	4,37	4,86	5,51
11	Cash Flow per Share2	0,13	0,43	0,56	0,79	0,84	1,04
12	Capex1	5,80	2,83	15,5	2,92	3,35	3,70
13	Capex / Sales	3,48%	0,78%	2,89%	0,47%	0,46%	0,43%
14	Last update	02/20/2018	02/24/2019	02/24/2020	02/21/2021	02/21/2021	02/21/2021