Patties Food 2014 Report

Patties Foods Ltd

ABN 62 007 157 182 Operations 161-169 Princes Highway Bairnsdale VIC 3875 PO Box 409 Bairnsdale VIC 3875 Phone: 03 5150 1800 Admin Fax: 03 5152 1135 Sales Fax: 03 5152 1054 info@patties.com.au www.patties.com.au Corporate Office Chifley Business Park Level 2, 1 Joseph Avenue Mentone VIC 3194 PO Box 115 Dingley VIC 3172 Phone: 03 8540 9100 Fax : 03 9551 3393 Info@patties.com.au www.patties.com.au

24 February 2014 Announcements Officer Company Announcements Office Australian Stock Exchange Limited South Tower Rialto 525 Collins Street MELBOURNE VIC 3000

Patties Foods Limited (PFL) - Results for announcement to the market - Half Year ended 31 December 2013 1. Half Year results announcement;

In accordance with the ASX Listing Rule 4.2A, the following information in respect of the half year ended 31 December 2013 is transmitted for lodgement: 2. 3. Appendix 4D - Half Year Report and Interim Dividend Announcement for the half year ended 31 December 2013; and Directors’ Report and Interim Financial Statements for the half year ended 31 December 2013.

Yours faithfully

MICHAEL KNAAP Company Secretary

For further information refer to www.patties.com.au or contact: Michael Knaap, Acting Joint CEO & CFO 03 8540 9100.

HALF YEAR RESULTS ANNOUNCEMENT Stable revenue whilst investing in branded growth initiatives

The Board of Patties Foods Limited (PFL) today announced the Company’s financial result for the half year ended 31 December 2013. Group summary result $m H1F14 H1F13 % Change

H1F14

H2F13

(1) (2) (3)

H1F13 reported profit adjusted for significant items of $587k pre-tax and $411k post-tax relating to a non-recurring bad debt. Return on Equity is calculated using the average equity over the previous 12 months. Debt to equity ratio is calculated as net debt vs. total equity.

Revenue grew by 0.9% despite the loss of a major private label frozen fruit contract. Profit Margins were slightly reduced impacted by capturing...