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Trading Statement
enX Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
(“enX” or “the company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the
period to be reported on next will differ by at least 20% from the financial results for the previous
corresponding period.
Shareholders are advised that the company anticipates results for the year ended 31 August 2021
(‘’Current Range’’) to differ by more than 20% compared to the year ended 31 August 2020 (‘’Prior
Year’’), as follows:
Current Range Prior Year
(c per share) (c per share)¹
Represented
Group Total
EPS 151 to 179 (283)
Diluted EPS 151 to 179 (283)
HEPS 206 to 210 (20)
Continuing
EPS 81 to 99 (177)
Diluted EPS 81 to 99 (177)
HEPS 88 to 93 (23)
Discontinued
EPS 70 to 81 (106)
Diluted EPS 70 to 81 (106)
HEPS 116 to 118 3
¹ Both EIE SA and Impact Handling (UK) have been reclassified as assets held for sale and
discontinued operations in terms of IFRS 5 in the current year. While the Group Total EPS and
HEPS in the prior year remains unchanged, the Group Total EPS and HEPS has been split between
continuing and discontinued operations.
Assets held for sale and discontinued operations in current year
Impact Handling (UK)
Shareholders are referred to the SENS announcement dated 15 April 2021 detailing the disposal of
Impact Handling (UK). Accordingly, Impact Handling (UK) has been reported as an asset held for sale
and discontinued operation from 1 February 2021, the date that the conditions were met to be classified
as such in terms of IFRS 5. The disposal of Impact Handling (UK) was concluded on 14 June 2021.
EIE Group Proprietary Limited (“EIE SA”)
Shareholders are referred to the SENS announcement dated 30 September 2021 detailing the proposed
disposal of EIE SA to CFAO Holdings South Africa Proprietary Limited. Accordingly, EIE SA is classified
as an asset held for sale and discontinued operation in terms of IFRS5 with effect from 31 August 2021.
Trading commentary
Revenue from continuing operations for the year ended 31 August 2021 is expected to increase by
approximately 12%.
The material items and transactions impacting earnings per share from continuing operations in the
prior year are as follows:
- Additional depreciation and amortisation, as a result of Eqstra’s reclassification from a discontinued
operation to a continuing operation in May 2020, of R66 million (after tax: R47 million) which related
to the 2019 financial year that needed to be recognised in the 2020 financial year following the
termination of this transaction;
- Net once off operating costs and charges of R90 million (after tax: R65 million), which were
primarily COVID-19 related;
- Impairment of goodwill of R182 million and intangible assets of R137 million (after tax: R98 million);
and
- A fair value adjustment on a deferred vendor consideration relating to enX’s acquisition of 37% of
Zestcor amounting to R31 million.
Financial information on which this trading statement is based has not been reviewed or reported on by
the company’s auditors.
28 October 2021
Sponsor:
The Standard Bank of South Africa Limited
Date: 28-10-2021 11:02:00
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