Commentary 1H FY21 Results

•  Revenue up 19% EBITDA up 344%
•  EBIT up 109%
•  NPAT up 98%
•  Group has continued trading in all states throughout COVID lockdowns
•  Order book strong
•  Significant improvement on prior period result

Outlook and Business strategy

•  TTI is confident about its prospects for FY21, which is expected to include a number of projects deferred from previous years
•  The company expects to benefit from a number of significant projects, including:

               Continued roll-out of our “SmartCity” platform

               LED street, road and tunnel lighting installations

              Term supply contracts

              Further export sales to a range of overseas markets

•  The increase in multi-year term contracts with power, road authorities and municipalities is also expected to underpin our earnings base in future years ? Strategic review undertaken, implementation delayed by COVID-19