YORK TIMBER HOLDINGS LIMITED - Summarised consolidated financial results for the year ended 30 June 2022

Summarised consolidated financial results for the year ended 30 June 2022

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06) 
JSE share code: YRK
ISIN: ZAE000133450
("York" or the "Company")

Summarised consolidated financial results for the year ended 30 June 2022

Results overview
- Revenue down by 5% to R1 839 million*
- EBITDA (Earnings before interest, taxation, depreciation, amortisation and
fair value adjustment on biological assets) decreased by R104 million*
- Debt reduced by R133 million
- Cash generated from operations decreased from R425 million* to R202 million
- Biological asset value down by 2%
- Net working capital increased by 21% to R142 million
- Earnings per share decreased from 43 cents* to 9 cents per share
- Headline earnings per share decreased from 42 cents* to 9 cents per share
- Core earnings per share decreased from 40 cents* to 25 cents per share
- Net asset value per share increased from 950 cents* per share to 952 cents 
per share
- No dividend has been declared for the year ended 30 June 2022 (2021: Rnil)

* The prior year figures have been restated. Refer to note 34 to the annual 
financial statements.

About this short-form announcement
This short-form announcement is the responsibility of the directors of the 
Company and is only a summary of the information in the full announcement and 
does not contain full or complete details. Any investment decision by investors 
and/or shareholders should be based on consideration of the full announcement. 
The full announcement is accessible via the following JSE link: 
https://senspdf.jse.co.za/documents/2022/jse/isse/YRK/FY2022SENS.pdf and on the 
Company's website at http://www.york.co.za/downloads/Yorkyearend2022.pdf.
The consolidated and separate annual financial statements, from which the full 
results announcement has been extracted, have been audited by 
PricewaterhouseCoopers Inc., who expressed an unmodified audit opinion thereon. 
The key audit matters contained in the auditor's report are addressed 
on pages 11 to 15 of the consolidated and separate annual financial statements, 
which is available on the Company's website at 
http://www.york.co.za/downloads/auditedconsolidatedresults2022.pdf.
Copies of the full announcement may also be requested at the Company's
registered office and the office of our sponsor, One Capital, at no charge, on
Mondays to Fridays, during office hours.

On behalf of the Board
Gabriel Stoltz
Chief Executive Officer and interim Chief Financial Officer

21 September 2022

Executive director: Gabriel Stoltz
(CEO and interim CFO)

Non-executive directors:
Nonzukiso Siyotula* (Chairperson), Dr Azar Jammine*, Hetisani Mbanyele- 
Ntshinga*, Maxwell Nyanteh*, Andries Brink*, Andre van der Veen, 
Lindani Dhlamini*, Alton Solomons, Adrian Zetler (* independent)

Registered office:
York Corporate Office, 3 Main Road, Sabie, Mpumalanga

Postal address:
PO Box 1191, Sabie, 1260

Auditor:
PricewaterhouseCoopers Inc.

Company Secretary:
Kilgetty Statutory Services (South Africa) Proprietary Limited

Sponsor:
One Capital

Transfer secretaries:
Computershare Investor Services Proprietary Limited

www.york.co.za

Date: 21-09-2022 07:05:00
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