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Business Update
CARTRACK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
Share code: CTK
ISIN: ZAE000198305
(‘Cartrack’)
BUSINESS UPDATE
As part of Cartrack’s integrated service offering, Cartrack also provides driver data analytics for the
insurance industry and for fleet managers.
Cartrack has an industry-leading audited recovery rate of 93% as at 28 February 2017 which reflects
the superior quality of its technology and services. The technology and infrastructure required for the
recovery of stolen vehicles is a key barrier to entry for competitors looking to enter the telematics
industry in any high crime region.
Strong subscriber growth1
Cartrack has achieved robust subscriber growth of more than 85 000 net additions from 1 September
2017 until 15th February 2018 versus 65 812 net additions in H1-2018. This is the product of investment
in operating and distribution capacity across regions over the past 24 months which has allowed
Cartrack to meet demand for its technology offering.
The global subscriber base now exceeds 750 000 subscribers. Year on year subscriber growth to date
is approximately 25%.
New target market
On the 14th of February 2018, Cartrack launched a first-to-market innovative insurance offering for
vehicle theft that targets the previously uninsured market in South Africa. According to the
Automobile Association of South Africa, as much as 70% of the more than 12 million registered
vehicles in South Africa are uninsured. Leveraging its 93% recovery rate, wealth of insurance
telematics data and investment in research and development, Cartrack is able to offer theft-only car
insurance at R9.99, subject to terms and conditions, if a Cartrack telematics device is installed.
Putting Cartrack customers in control
Insurance telematics is fast becoming a critical component in risk management. The launch of the
R9.99 theft-only insurance product coincides with the significant value that insurance telematics is
bringing to the insurance industry. It also places Cartrack in the unique position to offer its customers
of this theft-only insurance product the best comprehensive insurance premiums by providing
insurance companies with the necessary driver analytics enabling them to offer the best insurance
quote. In this way, Cartrack will continue to become a more integral part of its current and future
customers' lives.
Outlook
Cartrack has reason to believe that it will realise double digit subscriber and revenue growth in the
foreseeable future.
Any forecast information included in this section has not been reviewed and reported on by Cartrack's
auditor.
Johannesburg
16 February 2018
Sponsor:
Investec Bank Limited
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