BARLOWORLD LIMITED - Trading statement for the six months ended 31 March 2023

Trading statement for the six months ended 31 March 2023

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld” or the “group”)


TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2023

Shareholders are advised that the group is currently finalising its results for the six months ended 31
March 2023 (“the period”), which will be released on the Stock Exchange News Service (“SENS”) of
the JSE Limited (“JSE”) on or about Monday, 22 May 2023.


In terms of the JSE Listings Requirements, the group is satisfied that a reasonable degree of certainty
exists that the financial results for the period will differ by at least 20% from the prior six-month period
ended 31 March 2022 (“the prior period”).


Basic earnings per share (“EPS”) and basic headline earnings per share (“HEPS”) from
continuing and discontinued operations
The range for basic EPS and basic HEPS from group, continuing operations and discontinued
operations for the period are expected to be as follows:
 
ZAR cents                                     31 Mar 2023       Expected range of     31 Mar 2022
                                                 Expected      increase/ (decrease)     (Reported)
                                             Results Range         based on 31 Mar
                                                                               2022


 Basic earnings/(loss) per share - group      704,3 to 718,4           >100%                (31,6)
 Basic earnings/ (loss) per share
   Continuing operations                      574,8 to 586,4           >100%                (82,8)
   Discontinued operations                    129,4 to 132,0           >100%                  51,2
 Basic headline earnings per share – group   707,7 to 721,9       (6,3%)   to (4,5%)         755,6
 Basic headline earnings/ (loss) per share

     Continuing operations                   573,9 to 585,5    28.5%    to 31.0%             446,8
     Discontinued operations                 133,2 to 135,9    (56.9%) to (56.0%)            308,8




Accounting presentation
The trading results of car rental and leasing business, Zeda Limited (“Zeda”), and the Logistics
businesses were disclosed under profit from discontinued operations. Zeda was successfully
unbundled and separately listed on the JSE on 13 December 2022, while the Logistics business was
successfully disposed of, effective 31 March 2023.
Shareholders are advised that the information contained in this trading statement has not been
reviewed or reported on by the group’s independent external auditors.


Sandton
8 May 2023

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enquiries:
Nwabisa Piki
Group Investor Relations
Tel: +27 64 880 6872 E-mail: nwabisap@barloworld.com

Date: 08-05-2023 11:15:00
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