TRANSACTION CAPITAL LIMITED - Trading Statement in respect of the full year ending 30 September 2021

Trading Statement in respect of the full year ending 30 September 2021

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 ENDING 30 SEPTEMBER 2021


 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 ending 30 September 2021:

                                                       Full year ending             Full year ending             Full year ended
                                                      30 September 2021            30 September 2021           30 September 2020
                                                               Expected                     Expected                      Actual
                                                           number range             percentage range                    reported
  Continuing earnings(1)
  Basic earnings                                   R2 297m to R2 310m                   838% to 843%                       R245m
  Basic EPS                                   337.9 cents to 339.8 cents                760% to 765%                  39.3 cents
  Headline earnings(2)                               R994m to R1 007m                   279% to 284%                       R262m
  HEPS                                        146.2 cents to 148.1 cents                248% to 253%                  42.0 cents
  Core headline earnings(3)                          R999m to R1 013m                   262% to 267%                       R276m
  Core HEPS(3)                                147.0 cents to 149.2 cents                232% to 237%                  44.3 cents

  Total earnings
  Basic earnings                                   R2 288m to R2 295m                1 348% to 1 353%                      R158m
  Basic EPS                                   336.3 cents to 337.6 cents             1 229% to 1 234%                 25.3 cents
  Headline earnings(2)                                  R985m to R995m                 378% to 383%                        R206m
  HEPS                                        144.9 cents to 146.5 cents               338% to 343%                   33.1 cents
  Core headline earnings(3)                          R991m to R1 002m                  350% to 355%                        R220m
  Core HEPS(3)                                145.7 cents to 147.5 cents               313% to 318%                   35.3 cents

 1.   Earnings from continuing operations excludes the results from discontinued operations as reported on SENS on 13 May 2020.
 2.   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. The most material adjustment to the FY2021 basic earnings relates to the
      fair value gain of R1 403 million on the previously held minority interest in WeBuyCars. WeBuyCars is consolidated as a subsidiary
      of the group with effect from 3 August 2021.
 3.   Core headline earnings exclude once-off acquisition costs. It is management’s view that the most appropriate metric to measure
      performance for the full year ending 30 September 2021 is core HEPS from continuing operations.


Strong organic growth from our divisions, SA Taxi and Transaction Capital Risk Services, and high-growth
earnings from our newly acquired division, WeBuyCars, underpin a robust and resilient performance by the
group in the 2021 financial year.

We remain confident that the group can maintain a sustainable trajectory of superior high-quality earnings
and dividend growth in line with pre-pandemic growth rates over the medium term. Our prudent capital


                                                                                                                                    
management approach, which has been validated in the COVID-19 period, and our deeply embedded culture
of entrepreneurship and integrity, support this expectation.

RESULTS ANNOUNCEMENT

Transaction Capital’s results for the full year ending 30 September 2021 will be released on SENS on Tuesday,
16 November 2021.

Shareholders are advised that the information contained in this announcement has not been reviewed or
reported on by the group’s auditors.

Hyde Park
9 November 2021

Enquiries:
Nomonde Xulu - Investor Relations
Email: nomondex@transactioncapital.co.za

JSE Sponsor and Equity Markets Broker: Investec Bank Limited
Debt Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)




                                                                                                           

Date: 09-11-2021 05:50:00
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