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Trading Statement in respect of the full year ended 30 September 2022
Transaction Capital Limited TransCapital Investments Limited
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06 Registration number: 2016/130129/06
JSE share code: TCP Bond company code: TCII
ISIN: ZAE000167391
(“Transaction Capital” or “the group”)
TRADING STATEMENT IN RESPECT OF THE FULL YEAR ENDED 30 SEPTEMBER 2022
In accordance with section 3.4(b) of the Listings Requirements of the JSE Limited, Transaction Capital advises
shareholders that basic earnings, basic earnings per share (EPS), headline earnings and headline earnings per
share (HEPS) are expected to be within the following ranges for the full year ended 30 September 2022:
Full year ended Full year ended Full year ended
30 September 2022 30 September 2022 30 September 2021
Expected Expected Actual
number range percentage range reported
Continuing earnings(1)
Core earnings(2) R1 226m to R1 276m 22% to 27% R1 005m
Core EPS(2) 169.7 cents to 176.7 cents 15% to 19% 147.9 cents
Headline earnings(3) R1 601m to R1 651m 60% to 65% R999m
HEPS 221.6 cents to 228.5 cents 51% to 55% 147.0 cents
Basic earnings R1 630m to R1 745m -29% to -24% R2 302m
Basic EPS 225.6 cents to 241.7 cents -33% to -29% 338.7 cents
Total earnings
Core earnings(2) R1 193m to R1 243m 20% to 25% R995m
Core EPS(2) 165.2 cents to 172.0 cents 13% to 17% 146.4 cents
Headline earnings(3) R1 568m to R1 618m 59% to 64% R989m
HEPS 217.1 cents to 223.9 cents 49% to 54% 145.5 cents
Basic earnings R1 597m to R1 712m -30% to -25% R2 290m
Basic EPS 221.1 cents to 236.9 cents -34% to -30% 336.9 cents
1. Earnings from continuing operations exclude results from discontinued operations.
2. It is management’s view that the most appropriate metric to measure performance for the full year ended 30 September
2022 (“FY2022”) is Core EPS from continuing operations. Core earnings exclude adjustments on put and call options over non-
controlling interests, acquisition costs as well as specified items if the gain/loss is considered part of Transaction Capital’s
normal operations. FY2022 core earnings exclude adjustments on put and call options of R470 million, once off transaction
costs of R16 million and specified items of R79 million.
3. Headline earnings is calculated as basic earnings in terms of IAS33-Earnings Per Share less all re-measurements as defined in
the SAICA Revised IFRS Circular 1/2021-Headline Earnings. FY2021 basic earnings included a non-recurring fair value gain of
R1 403 million on the previously held minority interest in WeBuyCars. FY2022 basic earnings include adjustments relating to
put and call options over non-controlling interests of R470 million as well as 12 months performance consolidated for
WeBuyCars (FY2021: 2 months).
In FY2022, Transaction Capital extended its track record of organic earnings growth. Our divisions have put
the building blocks in place to materially enhance their competitive value propositions, diversify their
revenues and expand their total addressable market. Based on this strategic repositioning, our current
assessment of operating conditions and our growth prospects, we expect Transaction Capital’s organic
earnings growth over the medium-term to be at least in line with historic growth rates.
RESULTS ANNOUNCEMENT
Transaction Capital’s results for the full year ended 30 September 2022 will be released on SENS on Tuesday,
15 November 2022.
Shareholders are advised that the information contained in this announcement has not been reviewed or
reported on by the group’s auditors.
Rosebank
10 November 2022
Enquiries:
Nomonde Xulu - Investor Relations
Email: nomondex@transactioncapital.co.za
JSE sponsor and equity markets broker: Investec Bank Limited
JSE debt sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 10-11-2022 05:28:00
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