IMPERIAL HOLDINGS LIMITED - Trading Statement for the Year Ended 30 June 2018

Trading Statement for the Year Ended 30 June 2018

Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL

(”Imperial” or the “Company’ or the “Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2018


Shareholders are referred to the SENS announcement of 10 May 2018,
in which our guidance for the year to June 2018 was as follows:

For the six months to 30 June 2018 for continuing operations
(excluding Regent and Businesses Held for Sale) we expect:

  •   Capital efficiency and gearing to improve – expected group debt
      to equity ratio of 50% to 60%;
  •   Imperial Logistics to increase revenues and operating profit in
      line with the first half growth;
  •   Motus to increase revenues in line with the first half growth
      and operating profit at a higher rate than the first half;
  •   Imperial Holdings to increase revenues in line with the first
      half and operating profit at a higher rate than the first half;
      and
  •   Imperial Holdings to produce a double-digit growth in headline
      earnings per share off the low base of 2017.

Imperial is currently finalising its results for the period to 31
June 2018 and expects these to be in line with the aforementioned
guidance.

Basic Earnings per Share (‘EPS’) and Basic Headline Earnings per
Share (‘HEPS’) for the year ended 30 June 2018,excluding Regent,
which was disclosed as a Discontinued Operation for the year ended
30 June 2017, and for the group total are expected to increase on
30 June 2017 as follows:

                                 30 June 2017        30 June 2018
                                   Published        Expected range
                                                    increase

EPS cents (2017 excluding Regent)      1221         1635 to 1725
                                                    (up 34% to 41%)
EPS cents (2017 total)                 1339         1630 to 1730
                                                    (up 22% to 29%)
HEPS cents (2017 excluding Regent)     1240         1525 to 1610
                                                    (up 23% to 30%)
HEPS cents (2017 total)                1390         1520 to 1615
                                                    (up 9% to 16%)
The primary reasons for the increase are:
   • 2018 foreign exchange losses reduced from 2017.
   • 2018 net financing costs are down on 2017.
   • In 2018 profits on the sale of properties is up on 2017
     impacting EPS (this is eliminated from the HEPS result).

Imperial will release its results for the year ended 30 June 2018
on the 21 August 2018.

The forecast financial information in this trading statement to
shareholders is based on information available at the time of
publication and has not been reviewed or reported on by Imperial’s
auditors.


Bedfordview
3 August 2018
Sponsor: Merrill Lynch South Africa (Pty) Limited

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