Sharenet Sites 
Sharenet Sites
Condensed audited consolidated results for the year ended 31 December 2022 and notice of annual general meeting
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Reg No. 1948/031013/06)
Share code: MTA
ISIN code: ZAE000090692
("Metair" or "the group" or "the company")
CONDENSED AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022 AND NOTICE OF ANNUAL GENERAL MEETING
- Consolidated group assessed at B-BBEE Level 1 and South African subsidiaries at level 4 or better
- Turnover increased 10% to R14 bn
- Normalised HEPS 243 cps
- Normalised EBITDA R1.48 bn
Shareholders are advised to refer to the full abridged results announcement (which may be accessed via the links
provided below) for commentary in respect of the year ended 31 December 2022.
Year ended
31 December 31 December
FINANCIAL SUMMARY 2022 2021
Audited Audited
R'000 R'000 Change %
Revenue 13 905 467 12 621 070 10%
Operating profit 452 708 1 159 039 (61%)
EBITDA 825 659 1 461 035 (43%)
EPS (cents) (21) 350 (106%)
HEPS (cents) (17) 354 (105%)
No. of shares in issue ('000) 198 986 198 986 0%
Net asset value per share (cents) 2 615 1 946 34%
Cash generated from operations 151 195 648 930 (77%)
HIGHLIGHTS
- SUCCESSFUL LAUNCH OF NEW FORD MODEL
- RECORD EXPORT VOLUMES FROM MUTLU AKU
- LTIFR IMPROVED TO 0.20
- NAVIGATING THROUGH SUCCESSFUL TOYOTA RECOVERY FROM KZN FLOODS AND CONCLUSION OF BUSINESS INTERRUPTION INSURANCE CLAIM
No final dividend was declared in respect of the year ended 31 December 2022 (2021: 90 cents per share).
Normalisation adjustments exclude the non-cash impact of hyperinflation on Mutlu Aku's results and once-off items.
ADDITIONAL INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the information in the full
announcement and does not contain full or complete details. Shareholders are advised that the forecast financial
information contained in this announcement has not been reviewed or reported on by the company's auditors and is the
responsibility of the directors of the company. Any investment decisions by investors and/or shareholders should be based
on consideration of the full announcement that has been published on SENS today, 30 March 2023
(https://senspdf.jse.co.za/documents/2023/JSE/ISSE/MTA/AFS2022.pdf) and is also available on our website
(https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR-Abridged-2022.pdf).
The full announcement is also available at our registered office and our sponsor's office for inspection, at no charge,
during office hours. The audited consolidated financial statements, from which this summarised report is extracted,
have been audited by Ernst and Young Inc., who expressed an unmodified opinion thereon. The key audit matters relating to
the Multu hyperinflation as well as goodwill and indefinite life intangible assets impairment assessment have been addressed
in the auditor's report, as contained on pages 115 to 119 of the audited consolidated financial statements,
which is available on our website (https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR_2022.pdf).
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (AGM) will be held remotely through an electronic interactive
platform hosted by The Meeting Specialist (Pty) Ltd (TMS) on Thursday, 4 May 2023 at 14h00, as set out in the
notice of AGM, which is incorporated into the group's annual report for 2022, which is available on the company's website
(https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR_2022.pdf) and which will be mailed to shareholders
tomorrow, 31 March 2023. Shareholders who wish to electronically attend, participate in and/or vote at the AGM are
required to contact TMS at proxy@tmsmeetings.co.za or on +27 84 433 4836; +27 81 711 4255; or +27 61 440 0654 as soon
as possible, in any event by no later than 14h00 on Tuesday, 2 May 2023. Shareholders are encouraged to read the notice
of AGM for further information on, inter alia, how to attend electronically, participate in and vote at the AGM and/or
details on how to submit forms of proxy. The record date for purposes of determining which shareholders are entitled to
receive the notice of AGM is Friday, 24 March 2023. The record date for purposes of determining which shareholders must be
registered as such in the company's securities register in order to attend and vote at the AGM is Friday, 21 April 2023.
The last day to trade in order to be entitled to vote at the AGM will therefore be Tuesday, 18 April 2023. Duly completed
proxy forms must be received by the company or by TMS by no later than Tuesday, 2 May 2023 at 14h00.
30 March 2023
Registrars
Computershare Investor Services (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor
One Capital
17 Fricker Road
Illovo, 2196
Investor relations
Instinctif Partners
EXECUTIVE DIRECTORS:
R Haffejee (CEO); S Douwenga (CFO/interim CEO effective 22 March 2023); A Jogia (interim CFO effective 22 March 2023)
INDEPENDENT NON-EXECUTIVE DIRECTORS:
TN Mgoduso (Chairperson); PH Giliam; B Mathews; B Mawasha (Lead Independent);
N Mkhondo; MH Muell (German); A Sithebe; S Sithole (Zimbabwean) (Alternate director to N Mkhondo)
COMPANY SECRETARY: SM Vermaak
Date: 30-03-2023 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
