ADCORP HOLDINGS LIMITED - Trading Statement And Results Presentation

Trading Statement And Results Presentation

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")

TRADING STATEMENT AND RESULTS PRESENTATION

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the six
months ended 31 August 2021:

•   headline earnings per share (“HEPS”) from continuing operations will be between
    26.0 cents and 28.5 cents, representing an increase of between 108% and 128%
    compared to HEPS of 12.5 cents reported for the six months ended 31 August 2020
    (“the comparative period”);
•   earnings per share (“EPS”) from continuing operations will be between 24.1 cents and
    26.3 cents, representing an increase of between 111% and 131% compared to EPS of
    11.4 cents reported for the comparative period;
•   HEPS from total operations will be between 28.1 cents and 35.5 cents, representing a
    decrease of between 25% and 5% compared to HEPS of 37.3 cents reported for the
    comparative period; and
•   EPS from total operations will be between 26.2 cents and 33.4 cents, representing a
    decrease of between 28% and 8% compared to EPS of 36.2 cents reported for the
    comparative period.

The total operation’s comparative period includes one month’s performance of Dare Holdings
(Proprietary) Limited and Adcorp Holdings Singapore (Private) Limited, incorporating Dare
Energy (Proprietary) Limited, and six months’ performance of Adcorp Support Services
Proprietary Limited (“ASS”) which were disposed of, effective 30 September 2020 and 30
March 2021, respectively, while the current period includes only one month’s performance of
ASS.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditors of the Company. Shareholders should note that there are certain
restatements to the financial results for the comparative period, the full details of which will be
set out in the announcement of the results for the six months ended 31 August 2021.

RESULTS PRESENTATION

The results presentation will take place electronically on Thursday, 28 October 2021, at 10:00.

Should you be interested in attending please contact ir@singular.co.za and a webcast link will
be provided.

Kindly note that a question and answer session will be available at the end of the presentation.

Johannesburg
21 October 2021

Sponsor
PSG Capital

Date: 21-10-2021 05:10:00
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.