Wrap Text
Condensed group financial results
for the financial year ended 31 December 2022 and cash dividend declaration
HOMECHOICE INTERNATIONAL PLC
(Incorporated in the Republic of Mauritius)
Registration number: C171926
JSE share code: HIL
ISIN: MT0000850108
("HIL" or "the group")
CONDENSED GROUP FINANCIAL RESULTS
for the financial year ended 31 December 2022 and cash dividend declaration
FAST-GROWING PROFITABLE FINTECH GROUP
- Revenue up 6.5% to R3.6 billion
- Operating profit up 83.3% to R482 million
- Loan disbursements up 28.9% to R4.3 billion
- BNPL gross merchant value growth +260% to R747 million
- Retail sales down 5.6% to R1.6 billion
- Earnings per share up 81.1% to 289.4 cents
- Headline earnings per share up 41.8% to 288.5 cents
- Final dividend declared of 77.0 cents per share (2021: 20.0 cents per share)
- Total dividend declared of 141.0 cents per share (2021: 67.0 cents per share)
- R0.6 billion of cash and undrawn facilities
HIL PROVIDES INNOVATIVE FINANCIAL SERVICES AND RETAIL PRODUCTS
TO OVER 1.4 MILLION MOBILE-SAVVY, MASS-MARKET CUSTOMERS IN SOUTH AFRICA.
Executive chair, Shirley Maltz, commented:
"I am pleased with the strong results achieved for the year. These results are supported by the
substantial demand for FinChoice loan products and the rapid adoption of PayJustNow's digital
BNPL product. High customer engagement and an attractive product suite offering, along with
excellent customer service ratings, creates strong customer appeal and a springboard for
Weaver Fintech's continued strong growth.
Our well-established digital-first strategy continues to provide the platform from which we
accelerate innovation, target and acquire new customers, improve customer experiences and pursue
robust growth. This, while also providing us with the ability to scale quickly and capitalise on
cost efficiencies.
More than 75% of the group's transactions are now digital - 95% of Weaver Fintech's
940 500 customers are digital users and 35% of HomeChoice Retail customers are digital shoppers.
We have tremendous opportunities to broaden our product ranges, cross-sell within our sizeable
fintech customer base and accelerate customer acquisition through analytics and high customer
conversion. I am confident the group is well positioned and amply funded to drive our growth
ambitions."
DIVIDEND DECLARATION
Notice is hereby given that the board of directors have declared a final gross cash dividend of
77.0 cents (61.60 cents net of dividend withholding tax) per ordinary share for the year ended
31 December 2022. The dividend has been declared from income reserves. HIL is registered in the
Republic of Mauritius and the dividend is a foreign dividend. A dividend withholding tax of 20%
will be applicable to all South African shareholders who are not exempt.
The issued share capital at the declaration date is 106 730 376 ordinary shares.
The salient dates for the dividend will be as follows:
Last day of trade to receive a dividend Tuesday, 11 April 2023
Shares commence trading "ex" dividend Wednesday, 12 April 2023
Record date Friday, 14 April 2023
Payment date Monday, 17 April 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 12 April 2023 and
Friday, 14 April 2023, both days inclusive.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of HIL. It is a summary of the
information contained in the full announcement and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on a consideration of
the full announcement. The full announcement and a more comprehensive analysis of
HomeChoice International's results and outlook, can be accessed on the following JSE link:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/HILE/FY2022.pdf, published on
https://www.homechoiceinternational.com/financial-results/
Copies of the full announcement may be requested from the company secretary at
governance@homechoiceinternational.com
These annual results have been audited by the company's external auditors,
PricewaterhouseCoopers Inc., who expressed an unmodified audit opinion thereon.
The report also includes communication of key audit matters. This opinion is available,
along with the annual financial statements, published on the company's website at
https://www.homechoiceinternational.com/financial-results/
CORPORATE INFORMATION
Registered office: c/o Sanlam Trustees International Limited
Labourdonnais Village, Mapou, Riviere du Rempart, 31803, Mauritius
Executive directors: S Maltz (Chair*), S Wibberley (Chief Executive Officer), P Burnett
Non-executive directors: E Gutierrez-Garcia*, M Harris, P Joubert (Lead Independent Director),
R Phillips, A Ogunsanya* (alternate) * non-independent
Company secretary: Sanlam Trustees International (Mauritius)
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Mauritius, 14 March 2023
Date: 14-03-2023 07:05:00
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