HiTech Group Australia Limited ACN The growth continues Results

2 The debut results HIT listed on ASX on 17 April 2000 –Following NASDAQ crash Issue price 70 cents –Subsequent trading range 48 to 71 cents –A victim of sentiment attaching to the listing date? Results now re-state the reality –Rewarding shareholders after a difficult period –Seventh year of positive and increasing profitability Proforma presentation as per prospectus

3 Share price and volumes since listing

Another year of record growth Prospectus forecast profit exceeded EBIT up 91% on last year;13.5% on prospectus forecast NPAT up 6.9 % on half-year prospectus forecast Dividend of 2 cents/share fully franked

5 Revenue continues strong growth Up 45% on last year 8.5% less than prospectus forecast due to business mix Higher growth in permanent recruitment business sector

6 The half year was even better…

7 The half year…continued Revenue up 43.7% on corresponding period last year Revenue up 26.6% on first half EBIT up 115% on corresponding period last year and 21.7% on prospectus forecast NPAT up 73% on first half and 6.9% on prospectus forecast Revenue 14.2% less than prospectus forecast due to business mix

8 Margins have improved further…

9 Strategy continues on track Organic growth in established Sydney office Examining opportunities for additional office locations Examining opportunities for synergistic acquisitions Subject to stringent value tests A number of opportunities under review; no firm plans

10 Business conditions and outlook Market remains competitive and fragmented Skills shortage continues –HiTech has a smaller share of the lower skill/lower margin assignments Increasing trend towards permanent recruitment has continued –Lower working capital needs Emphasis on high calibre team leaders and account managers –Increasing productivity Olympic lull expected to be short lived