2022 Half Year Announcement

7 April 2022
Company announcement
SCOTT ANNOUNCES STRONG HALF YEAR PERFORMANCE FOR FY22
• Another period of both top and bottom-line growth as the two-year anniversary of the Scott
2025 strategy approaches.
• Year on year increases in revenue and EBITDA despite disruption from the external factors of
COVID-19, the global supply chain crisis and geopolitical unrest.
• Continuing demand for automation drove revenue up 13% to $118.4m and grew Normalised
EBITDA by 19% from $9.8m to $11.7m delivering net profit after tax of $4.7m.
• Forward work remains robust with system design and build contracts in Europe, USA, China
and Australasia and continuing growth in product and service categories.
• Dividend declared of 4.0 cents per share.
Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released
its unaudited interim results for the six months to 28 February 2022 (H1 F22).
The capability of the business continues to grow as the second year of the Scott 2025 strategy nears
its close. Targeted sales prospecting has generated significant high-quality systems contracts across
Meat, Materials Handling and Appliances, while ongoing Bladestop and Rocklabs growth continues to
underpin a flourishing product category. Investment in talent and a focus on the large install base has
seen a 15% growth in service revenue.
Forward work programs in Europe, USA, China, and Australasia remained elevated as new system
design and build contracts have been awarded at a steady and deliberate rate in the first half of the
year.
Investment in the high margin product and service businesses has generated results which have
underpinned the strong first half performance of Scott. Demand continues to grow for our key product
brands of Rocklabs (the mining products and parts business) and BladeStop safety saw installations in
the meat industry. Service revenues across most key markets grew due to strategic investment in
people capability as well as deeper parts inventories. The service team has also executed several
enterprise level agreements with a number of key customers.
Scott has invested in sales and marketing capability in key markets and are beginning to see customer
prospects build as we emerge from the pandemic.
Employee safety and wellbeing continues to mature, with the launch this year of the ‘Be Safe – Be
Well – Be Scott’ program and its associated six safety expectations. This is supported by a focus on
the lead safety indicators of management conversations and reported near-misses and hazards. This
is driving greater engagement and reinforcing the commitment from employees across the Scott
Group.
Scott Technology CEO John Kippenberger, says: “We are encouraged as our regional teams continue
to execute well against our 2025 strategy in their domestic markets and despite the headwinds of
various external factors. This is evidenced by growth in both our top and bottom-line performance as
well as a solid forward work pipeline in multiple markets.”

“Our focus remains unchanged as we look to meet customer demand in our proven areas of expertise
in systems technology, products and service. With each of the regions emerging from differing degrees
of constraint caused by COVID-19, it is the strength of the Group as a whole that has delivered this
strong result.”

Results overview


1: Non trading adjustments relate to receipt of the wage subsidy

H1 F22 revenue of $118.4 m was 13% higher than the prior comparative period (pcp) as Scott’s strategy
of generating more revenue from proven systems, product and service delivers another period of
growth.
EBITDA of $12.2m grew again, to exceed the prior half year by 9% and when normalised to remove
the impact of wage subsidies received growth was 19%.
The higher revenue converted to a margin percentage only slightly down on prior half year at 22%,
despite significant inflationary pressure on labour and materials due to COVID-19 and the effects of
the global supply chain crisis.
The higher revenue also allowed better leverage of overheads, even with the targeted investment in
sales and marketing capability, which meant overheads as a percentage of revenue fell by 7%.
Net profit after tax (NPAT) was $4.7m for the six months, in line with prior comparative period as a
result of the mix of regional profits being in geographies with higher rates of income tax.
Operating ca sh flow was $ (8.8)m and net debt increased by $10.0m to $12.9m. The primary cause was
an increase in inventory of $9.7m, with $2.9m of the increase being due to revenue growth and the
remaining $6.8m increase in inventory was because of the disruption caused by the global supply chain
crisis. This required greater stock holdings to avoid stoppages in the production and parts sales of key
growth businesses such as Rocklabs and BladeStop.
In recognition of the progress made by the company, the Directors are pleased to declare an interim
(unimputed) dividend of 4.0 cents per share, payable on 11 May 2022. The Dividend Reinvestment
Plan will apply.

Results Snapshot
$M
H1 F22H1 F21H1 F20
Revenue118.4104.599.0
EBITDA12.211.2(12.2)
Non-trading adjustments
1
(0.4)(1.4)11.8
Normalised EBITDA11.79.8(0.4)
Net Profit After Tax4.74.7(13.7)
Cash13.76.20.0
Overdraft(15.1)0.0(9.0)
Terms Loans(11.6)(9.1)(11.2)
Net Debt(12.9)(2.9)(20.2)
Operating Cash Flow(8.8)5.30.9

Global environment
The three primary global external factors which are impacting on the trading environment of Scott
are:
COVID-19:
Being in the third year of the pandemic our teams around the Scott Group are well versed on keeping
teams safe and mitigating the issues resulting from the virus. During the past six months these have
largely been in ongoing restrictions around transfer of our teams across state and country borders and
maintaining workflows through periods of high absenteeism.
The good news is we are continuing to see a return to more normal conditions as the peak of the most
recent wave passes in most parts of the world.
With the New Zealand borders starting to open up again, it is exciting to have recently had our CEO
and Director - Marketing & People travel to the USA to visit customers and spend in-person time with
our teams in America.
Supply chain crisis:
The ongoing disruption to global supply chains continues to create a moderate source of pressure on
Scott’s project, product and service supply. In particular lengthening lead times on supply of items
such as computer chips, robots, servo drives and PLC’s are causing some delays on project completion.
Our teams are working closely with our major suppliers to secure long-term component supply and
we will continue to invest in working capital to support this where required.
Supply chain issues have also seen some delays to customer infrastructure projects. Where this
involves a slowdown in customer building projects Scott then experiences a similar extension to
project timelines and commissioning. We have seen examples of delays in parts of Europe and as far
south as Australia.
We do see these impacts on project completions as largely being short to medium term as the global
supply chains start to recalibrate following the height of the pandemic.
Global geopolitical pressures:
Russia’s attack on the Ukraine has resulted in the suspension of our supply of mining products to
Russia from Rocklabs. While this business has been growing over recent years due to the growth in
Russian mining and metals production, the overall order book for Rocklabs remains very strong.
Therefore, we do not see this impact as being material on the overall Group.
At the time of the invasion Scott Europe was also in the process of building two conveying and
palletising systems for large global food companies into their Russian operations. We are in discussions
with both companies to re-purpose this equipment into other European operations.
Our team in Europe is closely managing all team travel which takes employees anywhere near to the
borders which are identified as being at risk. As always, our team safety is paramount.
As the markets open up and industrial demand for automation continues to grow, the key priority for
our team is to remain focused and committed to our core areas of proven expertise, avoiding unknown
areas of risk. This is the central underlying theme of Scott 2025.

Regional Business Updates
Scott Europe – Growth despite a longer than expected emergence from COVID-19
From loss making in the first half of F20 to 11% EBITDA in F22 the European business is continuing to
demonstrate its significance to the overall performance of Scott. Revenue grew by 9% on pcp and
EBITDA by 25% despite a heavier than anticipated COVID-19 tail across Europe.
Our European business has again delivered an important lift in business performance for the first half
as work levels build to match our production capacity – through projects including, but not limited to,
McCain and Danone. The product business of BladeStop (meat) has had revenue growth of more than
198% as our sales and go to market strategy has g enerated demand from the likes of Danish Crown,
Jarvis and Pilgrims.
Scott Europe is seeing a resurgence of appetite for its core business of Materials Handling solutions as
companies across Europe shake free from the restrictions of COVID-19 – the early signs of this
resurgence can be seen in the revenue from Materials Handling already being up 5% in the first half
of this year.
Although there was some initial disruption from the Russian invasion of Ukraine, we have been able
to largely mitigate the financial impact to the business.


Scott Australasia – Strong mining products and meat systems
Strong global demand in our mining product business ( Rocklabs) has continued, to the extent the
sanctions on trade into Russia have not affected our sales run rate. Growth in our service business
continues to provide important margin generation within our Australasian business. The BladeStop
product business is also seeing steady demand due to the focus and investment applied to this
important part of our business.
Completion of large meat automation systems for Alliance (NZ) and a leading meat processor in
Australia has seen growth in profitability for our projects business. We are underway in NZ with the
multiyear build of two appliance lines for GE Appliances and our mining team is deeply embedded in
the commissioning of a large complex automated laboratory system at a new West Australian mine
site for Rio Tinto.
Demand signals for our meat business, in both products and systems, mining products business and
appliance lines continue to remain positive.



Europe
Results Snapshot$M
%
$M
%
Revenue30.528.2
EBITDA3.3
10.9%
2.6
9.3%
H1 F21H1 F22
Australasia
Results Snapshot$M
%
Revenue62.151.1
EBITDA (normailised)12.2
19.7%
5.8
11.4%
H1 F21H1 F22

Scott China – manufacturing moves to a new larger site to provide support to the wider Group
The team in China have delivered the significant backlog of existing domestic appliance lines in the
first half of FY22.
A strategic initiative has seen the relocation of the China operation to a larger and more fit for purpose
facility so that it can provide manufacturing capacity and skills to the wider Scott group. The first
significant example is an appliance line which will, in the coming months, be delivered from China to
a global whiteware manufacturers’ site in South America.
This shared facility approach for China manufacturing results in lower margins as intercompany
transfer pricing rules are applied.


Scott North America – COVID-19 leads to a heavily disrupted marketplace and working environment
With the pandemic rampaging across most US states in the first half of the year, our American team
has seen projects delayed both by the customer and due to internal constraints on component
availability and COVID-19 related staff absenteeism. This heavily affected productivity and margins.
It is testament to the team that this has had a relatively minor impact on revenue relative to last year.
The bolstering of the leadership group in the form of new roles such as a North American President
and an After Sales Service Director has seen stability start to return to the business, as is evidenced by
Service and Parts revenue being up across all divisions by 66% on the prior half year.
O ur BladeStop safety saw business in North America continues to secure new Enterprise customers
such as leading national foodservice distributor Sysco and Fortune 500 branded food producer Hormel
Foods.
Our first chicken trussing system is installed and operating as part of the Pilgrims production line. We
anticipate this system will generate significant demand across the poultry industry.
North America remains a core market for Scott due to the significant opportunity and we will continue
to invest in capability and capacity to grow here.


Scott 2025 Strategy Update
Scott 2025 nears its two-year anniversary and good progress has been made.
• Authentic Customer Partnerships: Secured significant repeat business across all sectors e.g. Teys
Food Group, GE Appliances, Bridgestone, Arconic, Danone and McCain
China
Results Snapshot$M
%
$M
%
Revenue7.66.1
EBITDA0.3
3.9%
1.5
24.7%
H1 F21H1 F22
North America
Results Snapshot$M
%
$M
%
Revenue18.219.1
EBITDA(0.2)
-1.1%
3.5
18.2%
H1 F21H1 F22

• Leading Edge Technology: Growth in our service category across the Group, which includes several
multiyear enterprise agreements. Further growth across our Rocklabs sample preparation and
BladeStop product businesses. The first installation of an automated poultry trussing system.
• One Global Team: Launch of Safety Expectations, and continued focus on employee retention,
development, and wellness.
• Operational Excellence: Maintained margins despite significant global pressures.
• Robust Global Platforms: All open executive positions now filled with experienced leaders. P ipeline
of forward work remains strong.

Sector updates
Mining: The continuation of strong global precious metal prices and improved business confidence is
underpinning ongoing investment in mining capacity globally (West Australia, Europe, North America
and West Africa). We see this activity flowing through to our equipment, spare parts
and service business and expect this will continue to support ongoing demand for our mining parts
business, exporting to the global mining sector from our factory in Auckland, New Zealand.

Our mining laboratory design and build business will advance our reputation and strengths around the
‘semi-automated’ end of the standalone-product-to-fully-automated continuum.
Macro factors such as zero emissions, zero entry and zero harm coupled with the industry’s
growing willingness to adopt new analysis, automation, and electrification technologies are driving
change. This provides Scott with product development opportunities to expand our contribution and
footprint within the industry.


We have recently appointed a Global Director of Mining to drive further growth for Scott Mining,
based in Western Australia.
Meat: Scott continues to experience strong, ongoing demand for systems, products and service in the
meat sector off the back of high meat prices and lack of skilled labour availability.
Our primary focus remains on selling lamb systems within the ANZ region, as well as Poultry Trussing
systems in the US. Demand is strong for BladeStop globally, slaughter equipment, standalone cutting
equipment and carcass grading systems.

Scott is leveraging experience and key customer partnerships to expand our systems offerings into
beef. We anticipate this will provide the next step change in growth for our meat business.

The large lamb primal automation project at the Alliance Lorneville plant, the largest lamb processing
site in the world, has received final sign off and is now in production. This system commissioning
consistently lifts processing yields, improves safety and allows Alliance to re-focus an already short
labour supply on other areas of production.
Appliances: As consumer demand for whiteware returns to normal levels we are focused on providing
quality design options towards the premium-end of the market, while driving for competitive pricing
without exposing Scott to unacceptable risk.
Our newly relocated business in Qingdao, China, will capture both local opportunities and support
Global manufacturing from our competitive design and build platform in Qingdao, China.

Material handling and logistics: New and repeat customer opportunities continue to emerge for this
key part of Scott Europe, the centre of excellence for our materials handling business. At the same
time, we are making positive inroads into our Scott 2025 strategy of taking this technology out of
Europe and into North America and Australasia. The Alliance New Zealand contract is the first example
of this, while focus is growing on identifying and securing a large installation on this technology in the
US together with our joint venture partner Savoye.

ENDS
For more information, visit www.scottautomation.com or contact:
John Kippenberger Courtney Stayte
Chief Executive Officer, Scott Technology Porter Novelli
T: +64 21 964 045 T: +64 20 4078 7876
E: j.kippenberger@scottautomation.com E: courtney.stayte@porternovelli.kiwi



About Scott Technology
Scott delivers smart automation and robotic solutions that transform industries by making
businesses safer, more productive and more efficient. Our diverse capability makes us the first
choice for hundreds of the world’s leading brands. With design and build operations across
Australasia, China, Europe and America and over 100 years of engineering excellence, Scott is the
global expert in automation.
www.scottautomation.com

---

H1 F22
HALF YEAR RESULTS
INVESTOR PRESENTATION
7 April 2022

CONTENTS
2
H1 F22 Operating Environment ............................. 3
External Challenges.................................................. 4
Key Financials............................................................ 5-11
-H1 F22 Performance Snapshot
-H1 F22 Results Summary
-Revenue by Operating Region
-Forward Work Trend
Industry Outlook Financials.................................... 12-17
Scott 2025 Strategy Update.................................... 18-20
Our People & Planet................................................ 21-25
-ESG & Leading a Sustainable Future
-Driving a High-Performance Safety & Wellbeing Culture
H2 F22 Outlook.......................................................... 26
PRESENTED BY
John Kippenberger
Chief Executive Officer
Cameron Mathewson
Chief Financial Officer

H1 F22 OPERATING ENVIRONMENT
•The capability of the business continues to grow as the Scott 2025strategy moves
through its second year.
•Targeted sales prospecting has generated significant high-quality Systems contracts
across Meat, Materials Handling and Appliances.
•Investment in the high margin Product and Service businesseshas generated results
which have underpinned the strong first half performance of Scott.
•Service revenues across most key markets grew due to strategic investment in
people capability and deeper parts inventories.The Service team has also executed
several enterprise level agreements with a number of key customers.
•Investment in Sales and Marketingcapability in key marketsand are beginning to see
customer prospects build as we haveemerged from the pandemic.
•Employee Safety and Wellbeing continues to mature, with thelaunch this year of the
‘Be Safe –Be Well –Be Scott’program.This continues to be supported by a focus on
the leadSafety indicators of Management Conversations and reportedNear-misses
and Hazards.
3
3

EXTERNAL CHALLENGES
4
COVID-19 IMPACT
•Implemented effective safety measures alongside strong vaccination rates across
Scott sites.
•We are continuing to see a return to more normal conditions as the peak of the most
recent wave passes in most parts of the world.
SUPPLYCHAIN CHALLENGES
•Delays in customer infrastructure projects areaffecting some of our projects and
commissioning timelines.
•With ongoing disruption for global supply chains our teams are working closely with
major suppliers to secure long term component supply.
•We remain focused on managing inflationary pressures through price
recovery in order to protect and expand margins.
GLOBAL GEOPOLITICAL PRESSURES
•Russia’s attack on the Ukraine has resulted in the suspension of our supply of mining
products to Russia from Rocklabs.While the Russian business has seen recent
growth, the global order book remains very strong.
•Exploring options for two system projects destined for Russia to be redeployed to
other EU sites of these global food multinationals.
•Service team travel close to the Ukrainian border being closely monitored.
VACCINATION
RATES
Fully
Vaccinated
Cze chRe public64%
Belgium95%
Ge rma ny75%
Fra nce78%
Ame ri ca36%
China94%
Ne wZe aland92%
Aus tra lia87%
4

KEY FINANCIALS
5

22%
+4 pcps|H1 F2018%
+20%|H1 F20$99.0M
$22M
H1 F22 PERFORMANCE SNAPSHOT
$118.4M
+13%|H1 F21$104.5M
REVENUE
-1 pcps|H1 F2123%
MARGIN PERCENTAGE
+9%|H1 F21$11.2M
EBITDA
$12.2M
FORWARD WORK*
$100M
S YSTEMS
PRODUCTS
S ERVICE
$10M
H1 F21
REVENUE MIX
50/26/24
S YSTEMS
PRODUCTSS ERVICE
* Forward Work represents contracted activity. It is
not an indicator of revenue over a set period of time
DIVIDENDS PER SHARE (Cents)
EARNINGS PER SHARE (Cents)
H1 F224.0|H1 F212.0
H1 F226.0|H1 F216.1
+6%|$94M
+29%|$17M
+150%|$4M
S TRATEGY 40/30/30
+200%|H1 F20($12.2M)
6

Forward indicators of hazard reporting and
management conversations underpin a
maturing safety culture.
H1 F22 PERFORMANCE SNAPSHOT
LTI
MTI
First Aid Injuries
EP&D/ Near Miss
Hazards Reported
Management Conversations
H1 21
Fatality
H1 22
HEALTH & SAFETY
0
6
5
11
22
197
129
0
0
0
12
27
334
66
7

H1 F22 RESULTS SUMMARY TABLE
ResultsSnapshot $M
H1 F22H1 F21H1 F20
Revenue118.4104.599.0
EBITDA12.211.2(12.2)
Non-trading adjustments(0.4)
1
(1.4)
1
11.8
Normalised EBITDA11.89.8(0.4)
Net ProfitAfter Tax4.74.7(13.7)
Net Debt(12.9)
2
(2.9)(20.2)
Operating Cash Flow(8.8)5.30.9
1: Non trading adjustments related to receipt of the wage subsidy
2: Net Debt grew due with more inventory needed to enable growth and secure scarce componentry for our Rocklabsand Bladestopbusinesses
8

H1 F22 RESULTS SUMMARY
•H1 F22 revenue of $118.4m was 13% higherthan the prior
comparative period (pcp) as Scott’s strategy of more revenue from
proven systems, product and service delivers another period of
growth.
•EBITDA of $12.2mgrew again, to exceed the prior half year by 9%
and when normalised to remove the impact of Wage Subsidies
received growth was 19%.
•The higher revenue converted to a Margin percentage only slightly
down on prior half year at 22%, despite significant inflationary
pressure on labour and materials due to COVID-19 and the effects of
the Global Supply Chain crisis.
•The higher revenue also allowed better leverage of Overheads, even
despite the targeted investment in sales and marketing capability,
which meant overheads as a percentage of revenue fell by 7%.
•Net profit after tax (NPAT) was $4.7m for thesix months, in line with prior
comparativeperiod as a result of the mix of regional profitsbeing in
geographies with higher rates ofincome tax.
•Operating Cash Flow was $(8.8)m and Net Debtincreased by $10.0m to
$12.9m.The primarycause was an increase in inventory of $9.7m, due
toRevenue growth and greater stock holdings toavoid stoppages in the
production and partssales of key growth businesses such
asRocklabsandBladeStop.
•In recognition of the progress made by theCompany, the Directors are
pleased to declarean interim (unimputed) dividend of 4.0 centsper
share, payable on 11 May 2022. TheDividend Reinvestment Plan will
apply.
9

REVENUE BY OPERATING REGION
10
•Australasia continues to see demand signals for our
meatbusiness –products and systems –
miningproductsbusiness andappliance lines
continuetoremainpositive.
•Europe is seeing a resurgence of appetite for its core
business of Materials Handling solutions as companies
across Europe shake free from COVID-19 restrictions.
•China have delivered the significant backlog of existing
domestic appliance lines.
•North America remains a core market and we will continue
to invest in capability and capacity in order to grow in a
market we believe has significant opportunity.
OPERATING REVENUE $MSTRONG GROWTH IN OUR CORE MARKETS
DESPITE EXTERNAL CHALLENGES

FORWARD WORK TREND
GROWTH OF 15% OF THE TOTAL SCOTT ORDER BOOK
•Forward work programs in Europe, USA, China and Australasia
remained elevated as new system design and build contracts
have been awarded at a steady and deliberate rate in the first half
of the year.
•Products have grown as a result of the continued strength of
Rocklabsalong with recovery of the Robotworxbusiness in the
US. Global demand for BladeStophas again lifted, particularly as
awareness grows across Europe.
•Service forward work continues to grow in line with our Scott
2025 Strategy as is evidenced by the team securing several
Enterprise level SLAs with key customers.
•Additionally, service, parts and products operate at stronger
grossmargins than system projects, which supports our 2025
strategy of driving mixchange.
FORWARD WORK $M
TPR,
a32b
TPR,
a32b
11

INDUSTRY OUTLOOK
12

REVENUE BY INDUSTRY
•Our focus is unchanged as we look to meet
customer demand in our proven areas of
expertise in systems technology, products
and service.
•With each of the regions emerging from the
differing degrees of constraint caused by
COVID-19, it is the strength of the Group as a
whole that has delivered this strong result.
REVENUE BY INDUSTRY %
13

INDUSTRY OUTLOOK
MEAT
•As mentioned previously, Scott is experiencing strong, ongoing demand
for systems, products and service in the meat sector off the back of high
meat prices and lack of skilled labour availability.
•Our primary focus remains with selling lamb systems within the ANZ
region, as well as Poultry Trussing systems in the US. Demand is strong for
BladeStopglobally, slaughter equipment, standalone cutting equipment
and carcass grading systems.
•Scott is leveraging experience and key customer partnerships to expand
our systems offerings into beef.We anticipate this will provide the next
step change in growth for our meat business.
•Positive progress and results from the US-installed poultry trussing
project. This being the beachhead for product sales of this system into
the large north American poultry market.
14

INDUSTRY OUTLOOK
15
MINING
•Continuation of strong global precious metal prices and improved
business confidence is underpinning ongoing investment in mining
capacity globally (West Australia, Europe, North America and West
Africa).We see this activity flowing through to our equipment, spare
parts and service business and expect this will continue to support
ongoing demand.
•Our mining laboratory design and build business will advance our
reputation and strengths around the ‘semi-automated’ end of the
standalone-product-to-fully-automated continuum.
•Macro factors such as zero emissions, zero entry and zero harm coupled
with the industry’s growing willingness to adopt new analysis,
automation, and electrification technologies are driving change. This
provides Scott with product development opportunities to expand our
contribution and footprint within the industry.
•New experienced executive leadership of ScottMining now in place.

INDUSTRY OUTLOOK
APPLIANCE
•As global consumer demand for whiteware returns to normal levels our
approach is focusing on providing quality design options towards the
premium-end of the market, while driving for competitive pricing without
exposing Scott to unacceptable risk.
•Our newly relocated China business will capture both local opportunities
and support Global manufacturing from our competitive design and build
platform in Qingdao, China.
16

INDUSTRY OUTLOOK
17
MATERIALS HANDLING & LOGISTICS
•New and repeat customer opportunities for global brands such as
McCains, Pfizer, Danone, Sealed Air and Bridgestone continue to emerge
for this key sector of Scott.
•At the same time, we are making positive inroads into our Scott 2025
strategy of taking this technology out of Europe and into North America
and Australasia.
•The Alliance NZ contract is the first example of this, while focus is growing
on identifying and securing a large installation on this technology in the
US together with our joint venture partner Savoye.

SCOTT 2025
STRATEGY UPDATE
18

ENGINEERING SCOTT TO HIGH PERFORMANCE
Growth in our Service
category across the
Group, which includes
several multi-year
enterprise agreements.
Further growth across
our Rocklabssample
preparation and
BladeStop product
businesses.
The first installation of
an automated Poultry
trussing system.
Forward work
of $132m.
Secured significant
repeat business across
all sectors.
Launch of 'Be Safe, Be
Well, BeScott'
Safety & Wellbeing
Program and
expectations.
Continued focus on
employee retention
anddevelopment
Maintained margins
despite significant global
supply chainpressures.
All open executive
positions now filled
with experienced
leaders.
Pipeline of forward
work remains strong.
SCOTT 2025STRATEGY UPDATE
$118.4m revenue
in H1 F21.
Gross group margin
of 22% for H1F22.
19

Warehouse Automation
Materi al s , Handl ing &
Logi s ti cs , WES/WMS & AGVs
SCOTT 2025 GROWTH STRATEGY
Palletising Solutions
Poultry Trusser
MEAT
SERVICE
PRODUCTS
SYSTEMS
MINING
MATERIALS HANDLING
X-Ray Primal +
Cutting /Boning Systems
Lamb, Pork & Beef
APPLIANCE
Shoulder Puller
Reference Materials
Automated refuelling
Sample Prep Equipment
Sample Preparation
Systems
Appliance Automation
Cooki ng, Refri gerati on,
Water heati ng & Laundry
Conveyors
Robotic Solutions
Preventative Maintenance
Servicing, Remote Diagnostics & Spare Parts
Training & Support
UpgradesUpgrades
20

OUR PEOPLE & PLANET
21

ESG & LEADING A SUSTAINABLE FUTURE
•People is about building an engaged, diverse, and talented
workforce. It focuses on retention and recruitment which is a
priority for our people-led business. This is supported by a
commitment to maintaining a safe and inclusive working
environment for all our people.
•Purpose refers to the recipients of our solutions and services –
Scott’s customers and shareholders. It covers the importance of
building meaningful customer relationships, and highlights
Scott’s commitment to growing a profitable business focused on
long term growth and positive shareholder return.
•Place outlines the organisation’s commitment to the
environment and ensures it develops and encourages
sustainable business practices.
LEADING A
SUSTAINABLE
FUTURE
PEOPLE
•Employee Retention
•Global Recruitment
•Employee Safety & Wellbeing
•Diversity
PURPOSE
•Customer Satisfaction
•Financial Performance
PLACE
•Sustainable Procurement
•Environmental Management
22

ESG & LEADING A SUSTAINABLE FUTURE
PEOPLE
•New global Safety and Wellbeing Vision
and Expectations launched.
Revised Safetyand Wellbeing induction
processand the introduction of a new
safety reporting software. Reported
incidents doubled for February during the
pilot.
•Global Recruitment -Onboarding process
reviewed & refined onboarding packs, 30-
60-90-day induction plans and new starter
surveys.
•EVP& Recruitment Branding
development.
•Employee Engagement measured through
introduction of eNPS.
PLACE
•Environmental Management -
Carbon Emissions and
Environmental training sessions
have been held in Europe and ANZ
to educate the business on why we
are committing to do better.
•Carbon Scoping exercise & how we
can measure our individual carbon
impact.
•Carbon Footprint: NZ and Europe
business to have base line carbon
footprint measured by end April.
PURPOSE
•Sustainable Procurement -
Supplier assessment tool
created to ensure we are a
partnering with businesses that
share our values.
•New supplier code of conduct
created and rolled out to top 20
ANZ suppliers by end March.
•Emerging Director appointed to
the Board.
NEXT STEPS
•Rollout of new Safety software.
•Launch of global safety & wellbeing
induction process.
•Calculate Scott's global GHG
emissionsby June 30, 2022.
•Audit top 20 ANZ suppliersfor
compliance with supplier code of
conduct by July 1, 2022.
•Develop Scotts carbon
managementplan.
•Create and execute effective
process for measuring customer
satisfaction and engagement.
23

DRIVING A HIGH-PERFORMANCE SAFETY CULTURE
24
SCOTT SAFETY & WELLBEING VISION
AtScott, people are at the core of our business.We are committed tocreating
a culturewhere safety and wellbeing is paramount in everythingwedo.
We encourage a positive work environment that isfreefrom harm,
where our people thrive, feel cared for, and look after each other.
24

25
SCOTT SAFETY & WELLBEING EXPECTATIONS
DRIVING A HIGH-PERFORMANCE SAFETY CULTURE

H2 F22 OUTLOOK
•Traction continuing to build through several parts of the Scott 2025 strategy
asevidencedbygrowth in both top andbottom-lineperformance.
•Focused marketing, sales and operational execution will continue to drive Scott
customer satisfaction, brand growth and margin performance.
•Industry demand fundamentals remain strong, particularly across global meat
processing, mining, and material handling & logistics solutions into food
manufacturers & e-commerce providers.
•Continued focus on commercializing IP through structured moves towards
productization = scale & margin control.
•Commitment and focus on sustained development of the Scott ESG pathway.
26

www.scottautomation.com
THANK YOU
27

---

SCOTT TECHNOLOGY LIMITED
HALF YEAR RESULTS 2022

SCOTT TECHNOLOGY LIMITED
PAG E 1
HALF YEAR RESULTS 2022
CONTENTS
INDEX TO THE FINANCIAL STATEMENTS
Consolidated statement of comprehensive income2
Consolidated statement of changes in equity
3
Consolidated balance sheet
4
Consolidated statement of cash flows
5
Notes to the consolidated financial statements
6
1. Summary of accounting policies 6
2. Revenue from contracts with customers7
3. Segment Information10
4. Notes to the consolidated cash flow statement12
5. Financial instruments12
6. Contingent liabilities14
7. Related paty transactions14
8.COVID-19 Impact15
9. Subsequent events15
Statutory information
16
For the Six Months Ended 28 February 2022

SCOTT TECHNOLOGY LIMITED
PAG E 2
HALF YEAR RESULTS 2022
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
6 mths
28 Feb 22
6 mths
28 Feb 21
12 mths
31 Aug 21
(Unaudited)(Unaudited)(Audited)
Notes$'000s$'000s$'000s
Revenue2
118,398 104,486
216,234
Other operating income 569 1,599 2,118
Share of joint ventures’ net surplus 435 234 796
Raw materials, consumables used and other expenses (73,742)(65,080) (132,811)
Employee benefits expense
(33,500)(30,059)
(64,225)
OPERATING EARNINGS BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (EBITDA)
12,160 11,180 22,112
Interest received 28 62 102
Depreciation and amortisation (4,108) (4,457) (8,836)
Finance costs (654) (729) (1,380)
NET PROFIT BEFORE TAX 7,426 6,056 11,998
Taxation expense (2,687)(1,342) (2,471)
NET PROFIT FOR THE PERIOD AFTER TAX 4,739 4,714 9,527
Other Comprehensive Income / (Loss)
Translation of foreign operations 2,685(3,995) (3,370)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD NET OF TAX7,424719 6,157
Net profit for the period after tax is attributable to:
Members of the parent entity 4,721 4,771 9,624
Non controlling interests 18 (57) (97)
4,739 4,714 9,527
Total comprehensive income/(loss) is attributable to:
Members of the parent entity7,406776 6,254
Non controlling interests 18 (57) (97)
7,424719 6,157
Cents Per Ordinary Share
Earnings per share (weighted average shares on issue):
Basic 6.0 6.1 12.3
Diluted 6.0 6.1 12.3
Net tangible assets per ordinary share (at period end):
Basic 40.3 27.5 31.2
Diluted 40.3 27.5 31.2
For the Six Months Ended 28 February 2022

SCOTT TECHNOLOGY LIMITED
PAG E 3
HALF YEAR RESULTS 2022
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY
Six Months Ended
28 February 2022 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2021 82,701 19,559 (3,761) (304) 98,195
Net profit for the period after tax - 4,721 - 18 4,739
Other comprehensive income for the period net of tax - 2,685 - 2,685
Dividends paid (4.0 cents per share) - (3,147) - - (3,147)
Issue of shares under dividend reinvestment plan 1,792 - - - 1,792
Balance at 28 February 2022 84,493 21,133 (1,076) (286) 104,264
Six Months Ended
28 February 2021 (Unaudited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2020 81,822 11,516 (391) (207) 92,740
Net profit / (loss) for the period after tax - 4,771 - (57) 4,714
Other comprehensive (loss) for the period net of tax - - (3,995) - (3,995)
Transfer between reserves - - (1) 1 -
Balance at 28 February 2021 81,822 16,287 (4,387) (263) 93,459
Twelve Months Ended
31 August 2021 (Audited)
Fully Paid
Ordinary
Shares
Retained
Earnings
Foreign
Currency
Translation
Reserve
Non-
Controlling
InterestsTotal
(Audited)(Audited)(Audited)(Audited)(Audited)
$’000s$’000s$’000s$’000s$’000s
Balance at 31 August 2020 81,822 11,516 (391) (207) 92,740
Net profit / (loss) for the period after tax - 9,624 - (97) 9,527
Other comprehensive (loss) for the period net of tax - - (3,370) - (3,370)
Dividends paid (2.0 cents per share) - (1,581) - - (1,581)
Issue of ordinary shares under dividend reinvestment plan 879 - - - 879
Balance at 31 August 2021 82,701 19,559 (3,761) (304) 98,195
For the Six Months Ended 28 February 2022

SCOTT TECHNOLOGY LIMITED
PAG E 4
HALF YEAR RESULTS 2022
28 Feb 2228 Feb 2131 Aug 21
(Unaudited)(Unaudited)(Audited)
Notes$’000s$’000s$’000s
Current Assets
Cash and cash equivalents
13,748 6,200 12,242
Trade debtors
31,767 31,609 27,485
Other financial assets
5 1,303 1,105 663
Sundry debtors
4,939 2,727 5,170
Inventories
28,512 18,803 23,125
Contract assets
29,483 12,264 24,487
Receivable from joint ventures and associates
7 124 1,257 -
Taxation receivable
372 - -
TOTAL CURRENT ASSETS
110,248 73,965 93,172
Non Current Assets
Property, plant and equipment 17,197 18,177 17,741
Investment in joint ventures 784 1,458 348
Other financial assets5 93 89 37
Goodwill 56,264 54,636 55,171
Deferred tax 3,365 5,364 5,428
Intangible assets 9,948 11,948 10,874
Development assets 2,798 - 2,210
Right of use assets 10,074 11,005 9,523
TOTAL NON CURRENT ASSETS
100,523 102,677 101,332
TOTAL ASSETS
210,771 176,642 194,504
Current Liabilities
Bank overdraft
15,090 - -
Trade creditors and accruals
24,293 25,451 30,095
Lease liabilities
3,194 3,477 2,900
Other financial liabilities
5 1,415 1,143 714
Contract liabilities
24,451 16,385 22,739
Employee entitlements
7,561 6,822 8,282
Provision for warranty
1,228 1,828 1,230
Taxation payable
- 255 1,236
Payable to joint ventures
7 - 347 108
Current portion of term loans
11,403 2,566 737
Deferred settlement on purchase of business
854 1,293 1,327
Onerous contracts provision
7,938 7,366 7,962
TOTAL CURRENT LIABILITIES
97,427 66,933 77,330
Non Current Liabilities
Other financial liabilities
5 521 668 696
Employee entitlements
753 718 712
Lease liabilities
7,622 8,285 7,388
Term loans
184 6,579 10,183
TOTAL NON CURRENT LIABILITIES
9,080 16,250 18,979
Equity
Share capital
84,493 81,822 82,701
Retained earnings
21,133 16,287 19,559
Foreign currency translation reserve
(1,076) (4,387) (3,761)
Equity attributable to equity holders of the parent
104,550 93,722 98,499
Non controlling interests
(286) (263) (304)
TOTAL EQUITY
104,264 93,459 98,195
TOTAL LIABILITIES & EQUITY
210,771 176,642 194,504
CONSOLIDATED BALANCE SHEET
As at 28 February 2022

28 Feb 2228 Feb 2131 Aug 21
(Unaudited)(Unaudited)(Audited)
Note
$’000s$’000s$’000s
Cash Flows From Operating Activities
Cash was provided from / (applied to):
Receipts from operations 111,296 101,952 208,146
Interest received 28 62 102
COVID-19 wage subsidies received 436 541 591
Payments to suppliers and employees (118,369) (96,602) (194,583)
Taxation paid (2,230) (678) (830)
Net cash (outflow) / inflow from operating activities4 (8,839) 5,275 13,426
Cash Flows From Investing Activities
Cash was provided from / (applied to):
Purchase of property, plant, equipment and intangible assets (589) (1,419) (2,303)
Sale of property, plant and equipment 72 97 209
Repayment of advances with joint ventures- (575) -
Divestment of joint venture- - 1,215
Sale of HTS- - 768
Purchase of development asset (588) - (2,210)
Purchase of business (497) (457) (457)
Net cash (outflow) from investing activities (1,602) (2,354) (2,778)
Cash Flows From Financing Activities
Cash was provided from / (applied to):
Repayment of borrowings (681) (3,150) (10,175)
Dividends paid (1,354) - (702)
Proceeds from borrowings 1,254 1,456 10,119
Lease payments (1,694) (2,313) (4,007)
Interest paid (668) (459) (1,386)
Net cash (outflow) from financing activities (3,143) (4,466) (6,151)
Net (decrease) / increase in cash held (13,584) (1,545) 4,497
Add cash and cash equivalents at start of period 12,242 7,745 7,745
Balance at end of period (1,342) 6,200 12,242
Comprised of:
Cash and bank balances / (bank overdraft) (1,342) 6,200 12,242
SCOTT TECHNOLOGY LIMITED
PAG E 5
HALF YEAR RESULTS 2022
CONSOLIDATED STATEMENT
OF CASH FLOWS
For the Six Months Ended 28 February 2022

ACCOUNTING POLICIES
All accounting policies have been applied on a basis
consistent with those used in the audited financial
statements of Scott Technology Limited for the year ended
31 August 2021. These Interim Financial Statements should
be read in conjunction with the policies disclosed in the
annual financial statements.
The Group has adopted all mandatory new and amended
standards and interpretations. None had a material impact
on these financial statements.
There are no new or amended standards that are issued but
not yet effective that are expected to have a material impact
on the Group.
RECLASSIFICATION OF PRIOR PERIOD
COMPARATIVES
Segment Reporting - Products and Sources of
Revenue
For the year ended 31 August 2021, the Group redefined
its sources of revenue from contracts with customers
from Long term contracts, Standard equipment, and Short
term products and service work, to Systems, Products and
Services to align with its 2025 strategy document.
The main impact of this reclassification is a reallocation of
revenue between the old and new categories particularly,
Standard equipment and Short term products and service
work. Comparative figures for the six month period ended
28 February 2021 included under Note 2 Revenue from
Contracts With Customers have been restated in order to
report comparative figures under the new classifications.
AUDIT
The Interim Financial Statements for the six months ended
28 February 2022 are unaudited. Comparative balances for
the six months ended 28 February 2021 are also unaudited,
whilst the comparative balances for the 12 months ended
31 August 2021 are audited.
AUTHORISATION
The Interim Financial Statements were authorised by the
Board of Directors on 7 April 2022. The annual financial
statements for the year ended 31 August 2021 were
authorised by the Board of Directors on 21 October 2021.
1. SUMMARY OF
ACCOUNTING POLICIES
STATEMENT OF COMPLIANCE
The unaudited interim financial consolidated financial
statements (Interim Financial Statements) presented are those
of Scott Technology Limited (“Company”) and its subsidiaries
(“Group”).
The Company is a profit oriented entity, registered in New
Zealand under the Companies Act 1993 and is a reporting
entity for the purposes of the Financial Markets Conduct Act
2013 and its annual financial statements comply with these
Acts. The Company is listed with NZX Limited and its ordinary
shares are quoted on the NZX Main Board.
The Group’s principal activities are the design, manufacture,
sales and servicing of automated and robotic production lines
and processes for a wide variety of industries in New Zealand
and abroad.
BASIS OF PREPARATION
The Interim Financial Statements have been prepared in
accordance with the requirements of the NZX Listing Rules.
The Interim Financial Statements have been prepared in
accordance with Generally Accepted Accounting Practice in
New Zealand (“NZ GAAP”). The Interim Financial Statements
also comply with IAS 34 “Interim Financial Reporting” and other
applicable financial reporting standards as appropriate for
profit orientated entities. They also comply with International
Financial Reporting Standards ("IFRS")
The Interim Financial Statements have been prepared on the
basis of historical cost, except where otherwise identified. The
presentation currency used in the preparation of the financial
statements is New Zealand dollars and all values are rounded to
the nearest thousand dollars ($000).
NON-GAAP FINANCIAL INFORMATION
The Group uses operating profit / (loss) before interest, tax,
and depreciation and amortisation (EBITDA), and Net tangible
assets per ordinary shares (at period end) to describe financial
performance as it considers these line items provide a better
measure of underlying business performance.
These non-GAAP measures do not have a standard meaning
prescribed by GAAP and therefore may not be compatible
to similarly titled amounts reported by other entities.
SCOTT TECHNOLOGY LIMITED
PAG E 6
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS
For the Six Months Ended 28 February 2022

Six months ended
28 February 2022
(Unaudited)
Systems Products Services Total
$’000s $’000s $’000s
$’000s
Australasia
manufacturing
Segment revenue
36,206 22,985 12,265
71,456
Inter-segment revenue
(6,080) (2,588) (681)
(9,349)
Revenue from external customers
30,126 20,397 11,584
62,107
Timing of revenue recognition
- At a point in time - 20,397 11,584
31,981
- Over time30,126 - -
30,126
30,126 20,397 11,584
62,107
Americas
manufacturing
Segment revenue3,720 4,946 6,655
15,321
Inter-segment revenue 23 2,273 593
2,889
Revenue from external customers 3,743 7,219 7,248
18,210
Timing of revenue recognition
- At a point in time - 7,219 7,248
14,467
- Over time 3,743 - -
3,743
3,743 7,219 7,248
18,210
Europe
manufacturing
Segment revenue
17,732 3,292 9,329 30,353
Inter-segment revenue
- 50 88 138
Revenue from external customers
17,732 3,342 9,417 30,491
Timing of revenue recognition
- At a point in time
- 3,342 9,417 12,759
- Over time
17,732 - - 17,732

17,732 3,342 9,417 30,491
China manufacturing
Segment revenue1,268- - 1,268
Inter-segment revenue 6,057 265 - 6,322
Revenue from external customers7,325 265 - 7,590
Timing of revenue recognition
- At a point in time - 265 - 265
- Over time7,325 - - 7,325
7,325 265 - 7,590
Total manufacturing
Segment revenue
58,92631,22328,249
118,398
Inter-segment revenue
- - -
-
Revenue from external customers58,926 31,223 28,249
118,398
Timing of revenue recognition
- At a point in time - 31,22328,249
59,472
- Over time58,926 - -
58,926
58,92631,22328,249
118,398
2. REVENUE FROM CONTRACTS WITH CUSTOMERS
The Group derives revenue from contracts with customers from the transfer of goods and services over time and
at a point in time in the following major geographic manufacturing regions (segments) and revenue streams.

SCOTT TECHNOLOGY LIMITED
PAG E 7
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022

Six months ended
28 February 2021
(Unaudited)
(Restated)
Systems Products Services Total
$’000s $’000s $’000s
$’000s
Australasia
manufacturing
Segment revenue25,023 16,040 10,167
51,230
Inter-segment revenue (15) (927) 817
(125)
Revenue from external customers25,008 15,113 10,984
51,105
Timing of revenue recognition
- At a point in time - 15,113 10,984
26,097
- Over time25,008 - -
25,008
25,00815,11310,984
51,105
Americas
manufacturing
Segment revenue3,987 7,728 5,251
16,966
Inter-segment revenue2,038 993 (882)
2,149
Revenue from external customers6,025 8,721 4,369
19,115
Timing of revenue recognition
- At a point in time - 8,721 4,369
13,090
- Over time6,025 - -
6,025
6,025 8,721 4,369
19,115
Europe
manufacturing
Segment revenue19,414 1,447 9,182 30,043
Inter-segment revenue (2,023) 82 64 (1,877)
Revenue from external customers17,391 1,529 9,246 28,166
Timing of revenue recognition
- At a point in time - 1,529 9,246 10,775
- Over time17,391 - - 17,391
17,391 1,529 9,246 28,166
China manufacturing
Segment revenue6,017 230
-
6,247
Inter-segment revenue - (148)
1
(147)
Revenue from external customers6,017 82 1 6,100
Timing of revenue recognition
- At a point in time - 82 1 83
- Over time6,017 - - 6,017
6,017 82 1 6,100
Total manufacturing
Segment revenue 54,441 25,445 24,600
104,486
Inter-segment revenue - - -
-
Revenue from external customers54,441 25,445 24,600
104,486
Timing of revenue recognition
- At a point in time - 25,445 24,600
50,045
- Over time54,441 - -
54,441
54,441 25,445 24,600
104,486
2. REVENUE FROM CONTRACTS WITH CUSTOMERS CONTINUED
SCOTT TECHNOLOGY LIMITED
PAG E 8
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022

Twelve months ended
31 August 2021
(Audited)
Systems Products Services Total
$’000s $’000s $’000s
$’000s
Australasia
manufacturing
Segment revenue61,417 33,527 19,782
114,726
Inter-segment revenue 516 (4,661) 1,479
(2,666)
Revenue from external customers61,933 28,866 21,261
112,060
Timing of revenue recognition
- At a point in time - 28,866 21,261
50,127
- Over time61,933 - -
61,933
61,93328,86621,261
112,060
Americas
manufacturing
Segment revenue8,702 12,593 11,914
33,209
Inter-segment revenue1,118 4,560 (1,639)
4,039
Revenue from external customers9,820 17,153 10,275
37,248
Timing of revenue recognition
- At a point in time - 17,153 10,275
27,428
- Over time9,820 - -
9,820
9,820 17,153 10,275
37,248
Europe
manufacturing
Segment revenue34,403 3,770 17,076 55,249
Inter-segment revenue (1,510) 82 160 (1,268)
Revenue from external customers32,893 3,852 17,236 53,981
Timing of revenue recognition
- At a point in time - 3,852 17,236 21,088
- Over time32,893 - - 32,893
32,893 3,852 17,236 53,981
China manufacturing
Segment revenue12,542 508 - 13,050
Inter-segment revenue (124) 19 - (105)
Revenue from external customers12,418 527 - 12,945
Timing of revenue recognition
- At a point in time - 527 - 527
- Over time12,418 - - 12,418
12,418 527 - 12,945
Total manufacturing
Segment revenue117,06450,39848,772
216,234
Inter-segment revenue - - -
-
Revenue from external customers117,064 50,398 48,772
216,234
Timing of revenue recognition
- At a point in time - 50,39848,772
99,170
- Over time117,064 - -
117,064
117,06450,39848,772
216,234
SCOTT TECHNOLOGY LIMITED
PAG E 9
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
2. REVENUE FROM CONTRACTS WITH CUSTOMERS CONTINUED

SCOTT TECHNOLOGY LIMITED
PAG E 10
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
3. SEGMENT INFORMATION
3.1 PRODUCTS AND SERVICES FROM WHICH REPORTABLE SEGMENTS
DERIVE THEIR REVENUES
The Group’s reportable segments under NZ IFRS8 are:
• Australasia Manufacturing
• Americas Manufacturing
• Europe Manufacturing
• China Manufacturing
Information regarding the Group’s reporting segments is presented below.

3.2 SEGMENT REVENUES AND RESULTS
The following is an analysis of the Group’s revenue and results by reportable segment. For the purposes of
NZ IFRS 8, allocations are based on the operating results by segment. The Group does not allocate certain
resources (such as senior executive management time) and central administration costs by segment for
internal reporting purposes as these allocations would not result in a meaningful and comparable measure of
profitability by segment.
Six Months Ended
28 February 2022
(Unaudited)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue 62,107 18,210 30,491 7,590 - 118,398
Segment profit / (loss) 12,199 (205) 3,316 295 - 15,605
Depreciation and amortisation (1,980) (302) (1,572) (62) (192) (4,108)
Share of net surplus in joint ventures 435 ---- 435
Interest revenue--- 28 - 28
Central administration costs---- (3,880) (3,880)
Finance costs (136) (69) (173)- (276) (654)
Net profit/(loss) before taxation 10,518 (576) 1,571 261 (4,348) 7,426
Taxation (expense)/benefit (2,327) 133 (488) (5) - (2,687)
Net profit/(loss) after taxation 8,191 (443) 1,083 256 (4,348) 4,739

SCOTT TECHNOLOGY LIMITED
PAG E 11
HALF YEAR RESULTS 2022
3. SEGMENT INFORMATION CONTINUED
3.2 SEGMENT REVENUES AND RESULTS CONTINUED
Six Months Ended
28 February 2021
(Unaudited)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue51,10519,11528,1666,100 - 104,486
Segment profit 7,285 3,190 2,642 1,530 - 14,647
Depreciation and amortisation (1,891) (301) (2,114) (33) (118) (4,457)
Share of net surplus in joint ventures (42) 276 - - - 234
Interest revenue - - 3 59 - 62
Central administration costs - - - - (3,701) (3,701)
Finance costs (86) (80) (197) - (366) (729)
Net profit/(loss) before taxation 5,266 3,085 334 1,556 (4,185) 6,056
Taxation (expense)/benefit (339) (588) (323) (92) - (1,342)
Net profit/(loss) after taxation 4,927 2,497 11 1,464 (4,185) 4,714
Twelve Months
Ended 31 August 2021
(Audited)
Australasia
Manufacturing
Americas
Manufacturing
Europe
Manufacturing
China
Manufacturing UnallocatedTotal
$’000s $’000s $’000s $’000s $’000s $’000s
Revenue 112,060 37,248 53,981 12,945 - 216,234
Segment profit 19,447 4,117 6,275 2,514 - 32,353
Depreciation and amortisation (3,792) (601) (3,991) (79) (373) (8,836)
Share of net surplus in joint ventures 796 - - - - 796
Interest revenue - - 3 99 - 102
Central administration costs - - - - (11,037) (11,037)
Finance costs (160) (194) (392) - (634) (1,380)
Net profit/(loss) before taxation 16,291 3,322 1,895 2,534 (12,044) 11,998
Taxation (expense)/benefit (1,112) (737) (501) (121) - (2,471)
Net profit/(loss) after taxation 15,179 2,585 1,394 2,413 (12,044) 9,527
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
Revenue reported above represents revenue generated from external customers. Inter-segment sales, which
are eliminated on consolidation, were $15.8 million for the six months ended 28 February 2022, (six months
ended 28 February 2021: $5.9 million; twelve months ended 31 August 2021: $12 million).
The accounting policies of the reportable segments are the same as the Group’s accounting policies described
in Note 1. Segment profit represents the profit earned by each segment without allocation of central
administration costs and investment revenue.

4. NOTES TO THE CONSOLIDATED
C A SH FLOW STATEMENT
5. FINANCIAL INSTRUMENTS
SCOTT TECHNOLOGY LIMITED
PAG E 12
HALF YEAR RESULTS 2022
28 Feb 2228 Feb 2131 Aug 21
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Net profit for the period
4,739 4,714 9,527
Adjustments for non-cash items and non operating activities:
Depreciation and amortisation
4,108 4,457 8,836
Net (gain) on sale of property, plant and equipment
(27)(75) (68)
Deferred tax
2,063 501 437
Share of net surplus of joint ventures and associates
(435)(234) (796)
Interest expense
654 459 1,380
6,363 5,108 9,789
Add/(less) movement in working capital:
Trade debtors
(4,282) (8,180) (4,056)
Other financial assets – derivatives
(697) (158) 336
Sundry debtors
231 (152) (2,595)
Inventories
(5,387) 3,879 (443)
Contract assets
(4,997) 13,117 894
Contract liabilities
1,712 (12,667) (6,313)
Onerous contract provision
(24) (333) 263
Taxation payable
(1,608) 163 1,144
Trade creditors and accruals
(5,803) 1,418 6,062
Other financial liabilities – derivatives
525 25 (376)
Employee entitlements
(680) (971) 483
Provision for warranty
(2) (46) (644)

(21,012) (3,905) (5,245)
Movements in working capital disclosed in investing/financing activities:
Working capital relating to sale/(purchase) of business and non controlling interest
26 (1,016) (97)
Movement in foreign exchange translation reserve relating to working capital
1,045 374 (548)
Net cash (outflow) / inflow from operating activities
(8,839) 5,275 13,426
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
The Group enters into foreign currency forward exchange contracts to hedge trading transactions,
including anticipated transactions, denominated in foreign currencies.
Derivatives are initially recognised at fair value on the date the derivative contract is entered into and
are subsequently re-measured to their fair value at each reporting date. The resulting gain or loss is
recognised in profit or loss unless the derivative is designated and effective as a hedging instrument, in
which event, the timing of the recognition depends on the nature of the hedge relationship.
The Group designates certain derivatives as hedges of the fair value of firm commitments (fair value hedge)
or as hedges of forecast future sales (cash flow hedge). Open firm commitments reflect contractual
agreements to provide goods to customers at an agreed price denominated in a foreign currency on
specified future dates.

SCOTT TECHNOLOGY LIMITED
PAG E 13
HALF YEAR RESULTS 2022
6 months6 months12 months
28 Feb 2228 Feb 2131 Aug 21
Assets
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
At fair value:
Fair value hedge of open firm commitments
1,375 739 324
Foreign currency forward contracts held as effective fair value hedges
9 361 375
Foreign exchange derivatives
12 94 1
1,396 1,194 700
Represented by:
Current financial assets 1,303 1,105 663
Non current financial assets 93 89 37
1,396 1,194 700
Liabilities
At fair value:
Fair value hedge of open firm commitments 9 361 375
Foreign currency forward contracts held as effective fair value hedges 1,375 739 324
Foreign exchange derivatives 125 43 52
Interest rate swap contracts 427 668 659
1,936 1,811 1,410
Represented by:
Current financial liabilities
1,415 1,143 714
Non current financial liabilities
521 668 696
1,936 1,811 1,410
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
The Group has categorised these derivatives, both financial assets and financial liabilities, as Level
2 under the fair value hierarchy contained within NZ IFRS-13. The fair value of foreign currency
forward exchange contracts is determined using a discounted cashflow valuation. Key inputs include
observable forward exchange rates, at the measurement date, with the resulting value discounted
back to present values. There have been no changes in valuation techniques used for foreign
currency forward exchange contracts during the current reporting period. There were no transfers
between fair value hierarchy levels during either the current or prior periods. The fair value of
financial instruments not already measured at fair value approximates their carrying value. The fair
value of foreign exchange contracts outstanding is recognised as other financial assets/liabilities.

5. FINANCIAL INSTRUMENTS CONTINUED

SCOTT TECHNOLOGY LIMITED
PAG E 14
HALF YEAR RESULTS 2022
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
6. CONTINGENT LIABILITIES
6 months6 months12 months
28 Feb 2228 Feb 2131 Aug 21
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Payment guarantees and performance bonds
24,209 33,314 30,370
Stock Exchange bond
75 75 75
Maximum contract penalty clause exposure
5,256 6,946 5,692
7. RELATED PARTY TRANSACTIONS
6 months6 months12 months
28 Feb 2228 Feb 2131 Aug 21
Joint Ventures
(Unaudited)(Unaudited)(Audited)
$’000s$’000s$’000s
Project work undertaken by the Group for RTL
-
(5)197
Administration, sales and marketing fees charged by the Group to RTL
31
118 198
Sales revenue received by RTL from the Group
-
21 558
Advance from Scott Technology to RTL 124
(347)
(108)
Interest charged by RTL to Scott Technology on advance 13
38
66
Advance to Scott Technology SA -
807
-
Advance to Rocklabs Automation Canada -
450
-
Substantial Shareholders
JBS Australia Pty Ltd owns a 52.27% shareholding in Scott Technology Limited (28 February 2021: 51.9%;
31 August 2021: 52.02%). The Group has recognised sales to JBS companies of $4.0 million (28 February
2021: $0.7 million; 31 August 2021: $6.9 million), the majority of which are sales of Bladestop machines, and
has made purchases from JBS Companies of $nil (28 February 2021: $nil; 31 August 2021: $nil). As at balance
date the Group had $2.3 million receivable from JBS Companies (28 February 2021: $1.8million; 31 August
2021: $1.0 million).
The Group has a revolving credit facility with JBS up tp a maximum of $10 million. The expiry date of this
facility is 31 August 2022. This facility was not utilised during the periods included in this report.
Dividends paid to JBS amounted to $1.6 million (28 February 2021: $nil; 31 August 2021: $0.8 million). All
dividends have been reinvested in Scott Technology Limited under a dividend reinvestment plan.


Payment guarantees are provided to customers in respect of advance payments received by the Group
for contract work in progress, while performance bonds are provided to some customers for a period of
up to one year from final acceptance of the equipment.
Scott Technology Limited has a payment bond to the value of $75,000 (28 February 2021: $75,000;
31 August 2021: $75,000) in place with ANZ Bank New Zealand Limited in favour of the New Zealand
Stock Exchange.
The Group has exposure to penalty clauses on its projects. These clauses relate to delivery criteria and
are becoming increasingly common in international contractual agreements. There is a clearly defined
sequence of events that needs to occur before penalty clauses are imposed.

SCOTT TECHNOLOGY LIMITED
PAG E 15
HALF YEAR RESULTS 2022
COVID-19 continues to have a significant impact on the global economy. As a global organisation with
operations in multiple jurisdictions, the Group has been impacted in numerous ways and continues to
assess the impact on the Group on a regular basis.
The Group took fast and decisive action to protect the health and safety of the employees and the
financial integrity of the Group in 2020 and 2021. As the situation has evolved, further action taken
during the period has included:
• Putting the health and wellbeing of all employees and their families first. This continues to be the
priority,
• Following all Government regulations, including limiting access to sites,
• Enabling employees to work from home where required, possible and viable,
• Accessing available Government support for employees and each of our regional business across the
globe, and
• As supply chains have continued to be impacted, Scott has worked closely with our major suppliers
to secure long-term inventory supply and we will continue to invest in working capital to support this
where required.
The Group has sufficient headroom in its current banking facilities to ensure it continues to have access
to sufficient debt facilities for future needs.
While COVID-19 continues to provide uncertainties to the operations of the Group, the measures taken,
together with the strategy for future years, have resulted in a much improved underlying performance
for the period and balance sheet resilience.
The Board believes that the actions taken by the Group, along with the on-going support of ANZ Bank
and its majority shareholder JBS, will ensure Scott continues to be in a good position to manage the
on-going impacts from COVID-19.

NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
For the Six Months Ended 28 February 2022
Payment guarantees are provided to customers in respect of advance payments received by the Group
for contract work in progress, while performance bonds are provided to some customers for a period of
up to one year from final acceptance of the equipment.
Scott Technology Limited has a payment bond to the value of $75,000 (2020: $75,000) in place with ANZ
Bank New Zealand Limited in favour of the New Zealand Stock Exchange.
The Group has exposure to penalty clauses on its projects. These clauses relate to delivery criteria and
are becoming increasingly common in international contractual agreements. There is a clearly defined
sequence of events that needs to occur before penalty clauses are imposed.

Advances
Advances to/from joint ventures are unsecured, interest free and repayable on demand.
8. COVID-19 IMPACT
9. SUBSEQUENT EVENTS
No other matters or circumstances have arisen since the end of the period which have significantly
affected or may significantly affect the operations, the reults of operations or the state of affairs of the
Group in subsequent periods.
The Board has resolved to pay an interim dividend for the six months ended 28 February 2022 of
4 cents per share (28 February 2021: 2 cents per share; 31 August 2021: 4 cents per share).

SUBSIDIARIES
Name of EntityBalance Date
Country of Incor-
poration
Ownership Interest
& Voting Rights
20222021
%%
Parent Entity
Scott Technology Limited 31 AugustNew Zealandn/an/a
New Zealand Trading Subsidiaries
Scott Technology NZ Limited31 AugustNew Zealand100100
Scott Automation Limited31 AugustNew Zealand100100
Scott Technology USA Limited31 AugustNew Zealand100100
QMT General Partner Limited31 AugustNew Zealand9393
QMT New Zealand Limited Partnership31 AugustNew Zealand9292
Scott Technology Americas Limited31 AugustNew Zealand100100
Scott Technology Europe Limited31 AugustNew Zealand100100
New Zealand Non Trading Subsidiaries
Scott LED Limited31 AugustNew Zealand100100
Rocklabs Limited 31 AugustNew Zealand100100
Overseas Subsidiaries
Scott Technology Australia Pty Ltd31 AugustAustralia100100
Scott Automation & Robotics Pty Ltd31 AugustAustralia100100
Scott Systems International Incorporated31 AugustUSA100100
Scott Systems (Qingdao) Co Limited31 December (*)China9595
Scott Technology GmbH31 AugustGermany100100
Scott Technology Belgium bvba 31 AugustBelgium100100
Scott Automation NV31 AugustBelgium100100
FLS Group bvba31 AugustBelgium100100
FLS Systems NV31 AugustBelgium100100
Alvey do Brazil Comercio de Maquinas de Automacao31 December (*)Brazil100100
Scott Automation a.s. 31 AugustCzech Republic100100
Scott Automation SAS31 AugustFrance100100
Scott Automation Limited31 AugustUnited Kingdom100100
Normaclass 31 AugustFrance100100
Rivercan S.A. 31 December (*)Uruguay100100
(*) Determined by local regulatory requirements.
STATUTORY INFORMATION
For the Six Months Ended 28 February 2022
SCOTT TECHNOLOGY LIMITED
PAG E 16
HALF YEAR RESULTS 2022

DIRECTORS
EXECUTIVES’ DETAILS
DIRECTORY
STATUTORY INFORMATION CONTINUED
Stuart McLauchlan Chairman and Independent Director
John Kippenberger Executive Director
John Thorman Independent Director and Audit Committee Chair
Derek Charge Independent Director
Edison Alvares Director
Alan Byers Director
Brent Eastwood Director
John Berry Alternate Director for Mr Alvares, Mr Byers and Mr Eastwood
Penny Ford Emerging Director
John Kippenberger Group Chief Executive Officer
Cameron Mathewson Group Chief Financial Officer
The details of the company’s principal administrative
and registered office in New Zealand is:
Registred Office
630 Kaikorai Valley Road
Private Bag 1960
Dunedin 9054
New Zealand
Share Registry
Link Market Services Ltd
PO Box 91976
Auckland, 1142
t +64 9 375 5998
f +64 9 375 5990
enquiries@linkmarketservices.co.nz
For the Six Months Ended 28 February 2022
SCOTT TECHNOLOGY LIMITED
PAG E 17
HALF YEAR RESULTS 2022

---

Scott Technology Limited
Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)


Results for announcement to the market
Name of issuer Scott Technology Limited
Reporting Period 6 months to 28 February 2022
Previous Reporting Period 6 months to 28 February 2021
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$118,398 13.3%
Total Revenue $119,402 12.3%
Net profit/(loss) from
continuing operations
$4,739 0.5%
Total net profit/(loss) $4,739 0.5%
Interim/Final Dividend
Amount per Quoted Equity
Security
$0.040
Imputed amount per Quoted
Equity Security
NIL
Record Date 28 April 2022
Dividend Payment Date 11 May 2022
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.403 $0.275
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
For commentary on the results, please refer to the commentary
in the related NZX release. Further information is also set out in
the unaudited financial statements of the Company for the 6
months to 28 February 2022 which accompany this information.
Authority for this announcement
Name of person

authorised
to make this announcement
Cameron Mathewson, Chief Financial Officer
Contact person for this
announcement
Cameron Mathewson
Contact phone number +64 27 705 6457
Contact email address c.mathewson@scottautomation.com
Date of release through MAP

07/04/2022

[unaudited] financial statements accompany this announcement.

---

Scott Technology Limited
Distribution Notice





Please note: all cash amounts in this form should be provided to 8 decimal places

Section 1: Issuer information
Name of issuer Scott Technology Limited
Financial product name/description Ordinary shares
NZX ticker code SCT
ISIN (If unknown, check on NZX
website)
NZSCTE0001S3
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year X Special
DRP applies X
Record date 28 April 2022
Ex-Date (one business day before the
Record Date)
27 April 2022
Payment date (and allotment date for
DRP)
11 May 2022
Total monies associated with the
distribution
1

$3,168,992.96
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.04000000
Gross taxable amount
3
$0.04000000
Total cash distribution
4
$0.04000000
Excluded amount (applicable to listed
PIEs)
N/A
Supplementary distribution amount $0.00000000
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

0%
Imputation tax credits per financial
product
$0.00000000
Resident Withholding Tax per
financial product
$0.00000000
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
1.5%
Start date and end date for
determining market price for DRP
29 April 2022 3 May 2022
Date strike price to be announced (if
not available at this time)
5 May 2022
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New issue
DRP strike price per financial product
Not available at this time
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
29 April 2022
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Cameron Matthewson, Chief Financial Officer
Contact person for this
announcement
Cameron Matthewson, Chief Financial Officer
Contact phone number +64 27 705 6457
Contact email address c.mathewson@scottautomation.com
Date of release through MAP

7 April 2022





6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.