DATATEC LIMITED - Year-end trading update

Year-end trading update

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC

Year-end trading update

Datatec Limited (“Datatec” or the “Group”, JSE and LSE: DTC), the international Information and
Communications Technology (“ICT”) group, is today publishing its trading update for the financial
year ended 28 February 2015 (“FY15”).

The Group has seen an improved financial performance in FY15. Westcon has continued its robust
recovery over the previous year with strong growth in sales and market share gains, particularly in
North America. Logicalis delivered a comparative and sequential improvement in the second half of
FY15, leading to revenue and EBITDA growth year-over-year.

Based on current management reporting, the Board expects the Group to achieve revenues of
approximately $6.4 billion (2014: $5.69 billion) and underlying earnings per share* of between 41 –
43 US cents (2014: 35.7 US cents) for FY15. This is based on: revenue growth driven by the
improved performance at Westcon; Westcon’s revenues constituting approximately 75% of the total
revenue mix and Logicalis’ 24%; a small improvement in operating margins at Westcon and Logicalis
and an effective Group tax rate of approximately 36.5%.

The Group expects to maintain its final distribution to shareholders at 9 US cents (2014: 9 US cents),
aggregating to a total distribution of approximately 17 US cents per share for FY15 (2014: 17 US
cents). This will again be a scrip distribution with cash dividend alternative.

The marked strengthening of the US Dollar on foreign exchange markets over recent months has had
the effect of diminishing the contribution to the Group’s results from its operations denominated in
other currencies. Continued dollar strength will have an impact on the Group’s results for the year
ending 28 February 2016.

The Group expects to release its results for FY15 on Wednesday, 13 May 2015.

The financial information on which this statement is based has not been reviewed and reported on by
Datatec’s external auditors.

* Excluding impairment of goodwill and intangible assets, profit or loss on sale of investments 
and assets, amortisation of acquired intangible assets, unrealised foreign exchange movements, 
acquisition related adjustments, fair value movements on acquisition-related financial 
instruments and the taxation effect on all of the aforementioned. 
 
ENDS 
 

Enquiries: 

Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer                      +44 (0) 1753 797 118
Jurgens Myburgh, Chief Financial Officer                     +27 (0) 11 233 3301
Wilna de Villiers, Group Marketing Manager                   +27 (0) 11 233 1013

Jefferies Hoare Govett – Nominated Advisor and Broker
Nick Adams/ Alex Collins                                     +44 (0) 20 7029 8000

finnCap – Broker
Tom Jenkins / Henrik Persson                                 +44 (0) 20 7220 0500

Instinctif Partners
Adrian Duffield / Chantal Woolcock (UK)                      +44 (0) 20 7457 2020
Frederic Cornet / Bianca Samson (SA)                         +27 (0) 11 447 3030


19 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/03/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.