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Summarised Group results for the year ended 30 September 2022, dividend declaration and changes to the Board
Netcare Limited ("Netcare", "the Company" or "the Group")
Registration number: 1996/008242/06 (Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
Summarised Group results for the year ended 30 September 2022, dividend declaration and changes to the Board
- Group EBITDA up 7.4% to R3.5 billion
- Adjusted HEPS up 23.4% to 83.2 cents
- Final dividend 30.0 cents
Group financial information
Year ended
30 September 30 September %
Rm 2022 2021 change
Statement of profit or loss
Revenue 21 636 21 200 2.1
EBITDA 3 485 3 244 7.4
Operating profit 2 282 2 076 9.9
Profit for the year 1 050 760 38.2
Statement of financial position
Total assets 26 270 25 621 2.5
Total liabilities 15 326 15 032 2.0
Total shareholders' equity 10 944 10 589 3.4
Net debt (excluding lease liabilities) 4 875 5 331 (8.6)
Earnings and dividends per share (cents)
Basic earnings per share 72.3 54.6 32.4
Diluted earnings per share 71.7 54.3 32.0
Headline earnings per share 74.0 61.5 20.3
Adjusted headline earnings per share1 83.2 67.4 23.4
Total dividends per share2 50.0 34.0 47.1
1. Defined in the summarised audited Group results.
2. Comprises interim and final dividends of 20.0 and 30.0 cents per share, respectively.
Declaration of dividend number 24
Notice is hereby given of the declaration of a gross final dividend of 30.0 cents per ordinary share in respect of the year
ended 30 September 2022. The dividend has been declared from income reserves and is payable to shareholders recorded in the
register at the close of business on Friday, 27 January 2023. The number of ordinary shares (inclusive of treasury shares)
in issue at the date of this declaration is 1 439 090 009. The dividends will be subject to a local dividend withholding tax
at a rate of 20%, which will result in a net final dividend to those shareholders not exempt from paying dividend withholding
tax of 24.0 cents per ordinary share and 30.0 cents per ordinary share for those shareholders who are exempt from dividend
withholding tax.
The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act 71 of 2008 has
been duly considered, applied and satisfied.
The salient dates applicable to the dividends are as follows:
Last day to trade cum dividend Tuesday, 24 January 2023
Trading ex-dividend commences Wednesday, 25 January 2023
Record date Friday, 27 January 2023
Payment date Monday, 30 January 2023
Share certificates may not be dematerialised nor rematerialised between Wednesday, 25 January 2023 and Friday, 27 January 2023,
both dates inclusive.
On Monday, 30 January 2023, the dividends will be electronically transferred to the bank accounts of all certificated shareholders.
Holders of dematerialised shares will have their accounts credited at their participant or broker on Monday, 30 January 2023.
Netcare Limited's tax reference number is 9999/581/71/4.
Changes to the Board
Netcare is pleased to announce the appointment of Mr Ian Kirk and Ms Louisa Stephens as independent non-executive directors with
effect from 1 January 2023. Ms Stephens will also be joining the Audit and Remuneration committees.
Netcare further announces the retirement of Mr David Kneale with effect from the conclusion of the upcoming annual general meeting
on 3 February 2023.
Netcare's independent auditor, Deloitte & Touche, has issued its opinion on the consolidated financial statements for the year
ended 30 September 2022, which includes a key audit matter and can be accessed via the Netcare Investor Relations website at
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results. Deloitte & Touche has issued an unmodified opinion.
This short-form announcement is the responsibility of the directors of the Company and is only a summary of the full announcement,
which is published on the Company's website on
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, and does not contain complete or full details. Any investment
decisions by investors and/or shareholders should be based on consideration of the full announcement. This short-form announcement
is extracted from audited results but is itself not audited.
The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/NTC/ye2022.pdf.
The full announcement is also available for inspection at the Company's registered office for investors and/or shareholders at no
charge, during normal business hours.
The consolidated financial statements can be accessed via the Netcare website on
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.
21 November 2022
Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010
Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer)
Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, T Leoka, MJ Kuscus, KD Moroka,
R Phillips
Company Secretary: C Vikisi
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandown, 2196
Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 33 Ballyclare
Drive, Bryanston
Tel: 011 100 8352
Investor relations: ir@netcare.co.za
Date: 21-11-2022 08:00:00
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