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Further 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”)
FURTHER TRADING STATEMENT
Shareholders were advised on SENS on 28 September 2017, that adjusted headline earnings per share (“adjusted
HEPS”) was anticipated to be between 175 cents per share and 190 cents per share. Adjusted HEPS reflects
management’s view on the sustainable earnings generated by enX’s industrial businesses. It excludes any interest
income earned and fair value adjustments arising from its equity and other investments in eXtract Group Limited
(“eXtract”). This compares to the industrial earnings of 187 cents per share included in the adjusted HEPS
forecast for the year ended 31 August 2017 (as disclosed in a SENS announcement published on 30 June 2016).
The full adjusted HEPS forecast of 270 cents per share included 83 cents of interest and dividend income from
the eXtract investments, which enX no longer earns, as a result of the restructure and unbundling of the eXtract
investments.
Shareholders were also advised on 28 September 2017 that enX anticipated earnings per share (“EPS”) and
headline earnings per share (“HEPS”) for the year ended 31 August 2017 (the “current financial year”) to be
at least 20% lower than the profit forecast (“Original profit forecast”) previously provided in relation to such
period. The reason for this decline primarily relates to the fair value adjustments required to account for the
restructure and unbundling of the eXtract investments, which was completed on 13 October 2017. The Company
is now able to provide specific guidance on the extent of the decrease in EPS and HEPS, which are as follows:
Current financial year Original profit
range forecast
(Cents per share) Cents per share)
EPS before eXtract investments impact 140.1 – 150.1 166.0
eXtract investments impact * (448.1) (798.0)
EPS (loss) / profit per share (308.0 – 298.0) 964.0
* Includes interest and dividend income, fair value adjustments and ‘gains on purchase price’. The ‘gain on
purchase price’ of R1,1 billion was based on the assumptions of the Original profit forecast.
Current financial year Original profit
range forecast
(Cents per share) (Cents per share)
HEPS before eXtract investments impact 140.1 – 150.1 166.0
eXtract investments impact # (448.1) (83.0)
HEPS (loss) / profit per share (308.0 – 298.0) 249.0
# Includes interest and dividend income and fair value adjustments.
The financial information on which this trading statement is based has not been reviewed or reported on by the
Company’s auditors.
The Company’s financial results for the year ended 31 August 2017 are expected to be released on SENS on or
about 23 October 2017, with an investor presentation and call taking place at the JSE’s Atrium Hall on the day
at 12:30 (CAT).
18 October 2017
Sponsor
Java Capital
Date: 18/10/2017 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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