HALFYR: HGH: Heartland announces half year profit of $39.9 million 09:36a.m. 
18/02/2020 09:36  
REL: 0936 HRS Heartland Group Holdings Limited  
HALFYR: HGH: Heartland announces half year profit of $39.9 million  
NZX/ASX Release  
Heartland announces half year profit of $39.9 million  
18 February 2020  
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) achieved a net  
profit after tax (NPAT) of $39.9 million for the six months to 31 December  
2019 (1H2020), an increase of 20.4% from the six months to 31 December 2018  
Highlights for 1H2020  
o NPAT of $39.9 million, up 20.4% ($6.7 million).  
o Gross finance receivables (Receivables) of $4.6 billion, up $177 million  
(8% annualised growth) since June 2019.  
o Return on equity (ROE) of 11.7%, up 165 basis points (bps).  
o Net interest margin (NIM) of 4.72%, flat on the six months to 30 June 2019  
(2H2019) and 5 bps down compared to 1H2019.  
o Cost to income ratio (CTI) of 46.0%, up 3.5%. After allowing for changes in  
the accounting treatment and one-off impacts, the underlying CTI is 43.3%, up  
4.3% as a result of significant investments.  
o 32% ($4.3 million) lower impairment expense reflecting significant efforts  
to enhance collections processes and discipline.  
o 2020 Interim Dividend of 4.5 cents per share (cps), an increase of 1.0 cps  
from 1H2019.  
o Significant progress made on implementing Heartland's workplan to address  
improvements across conduct and culture.  
o 47% of employees were aged 35 years and under.  
o 35 interns joined Heartland Bank's Manawa Ako internship programme - 10  
more interns than last year's intake.  
o Heartland Bank awarded Canstar's 2019 Bank of the Year - Savings and  
Canstar's 5-Star Rating for Outstanding Value Savings Account for its Direct  
Call Account.  
o Australian Reverse Mortgages awarded Money Magazine's Best Reverse Mortgage  
Please find the following material attached:  
o Heartland Group 2020 Interim Results Announcement  
o Heartland Group 2020 interim results announcement (NZX template)  
o Heartland Group 2020 Distribution Notice  
o Heartland Group 2020 Investor Presentation  
o HGH Financial Statements  
- Ends -  
For further information, please contact:  
Jeff Greenslade  
Chief Executive Officer  
M 021 563 593  
Cherise Barrie  
Chief Financial Officer  
M 027 503 6119  
For investor enquiries, please contact:  
Andrew Dixson  
Head of Corporate Finance  
M 021 263 2666  
For media enquiries, please contact:  
Nicola Foley  
Senior Communications Manager  
M 027 345 6809  
End CA:00348586 For:HGH Type:HALFYR Time:2020-02-18 09:36:48  

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