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SUPER GROUP LIMITED - Unaudited Interim Results for the six months ended 31 December 2021

Release Date: 22/02/2022 07:05
Code(s): SPG SPG005 SPG008 SPG010 SPG006 SPG007 SPG004 SPG009     PDF:  
Wrap Text
Unaudited Interim Results for the six months ended 31 December 2021

SUPER GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER: 1943/016107/06)
SHARE CODE: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
DEBT COMPANY CODE: BISGL
("SUPER GROUP" OR "THE GROUP" OR "THE COMPANY")

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2021

Revenue increased by 8.4% to R21.64 billion (December 2020: R19.96 billion)
EBITDA increased by 51.1% to R3.31 billion (December 2020: R2.19 billion)
Operating profit increased by 29.7% to R1.59 billion (December 2020: R1.23 billion)
Profit before taxation increased by 22.9% to R1.22 billion (December 2020: R995 million)
Earnings per share increased by 18.8% to 190.2 cents (December 2020: 160.1 cents)
Headline earnings per share increased by 19.6% to 190.9 cents (December 2020: 159.6 cents)
Cash generated from operations increased by 14.4% to R2.91 billion (December 2020: R2.55 billion)
Net asset value per share increased by 13.1% to R36.57 (30 June 2021: R32.35)

FINANCIAL RESULTS

Super Group reported an excellent set of results for the six months ended 31 December 2021 despite ongoing macroeconomic challenges and tough trading
conditions in several key markets and industry sectors. Group revenue increased by 8.4% to R21.64 billion and operating profit increased by 29.7% to R1.59
billion. Cash generated from operations increased by 14.4% to R2.91 billion, with the operating profit margin increasing from 6.1% in the prior comparable
period to 7.3%. Net asset value per share increased by 13.1% to R36.57.

This performance reflects the four month impact of the LeasePlan acquisition and strong sales performances in the South African supply chain and fleet businesses.
The consumer-facing businesses were significantly impacted by the civil unrest in July 2021 but swift action to minimise the disruption to clients and
exceptional efforts to regain lost revenue, saw the businesses performing ahead of expectations for the period.

The trading environment will remain tough in the months ahead but Super Group will continue to explore new opportunities for innovation, advancement and
growth. The business is committed to delivering sustainable returns by exploring acquisition opportunities and developing new revenue streams, targeting
additional markets and diversifying its core service offering.

REGULATORY REQUIREMENTS

The contents of the short form announcement are the responsibility of the Board of Directors of Super Group. The information in the short form announcement
is a summary of the full announcement available on the Company's website http://www.supergroup.co.za/investors/financial on 22 February 2022 and
accordingly does not contain the full or complete details. The full announcement can also be accessed online at
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/SPG/Interim.pdf

The information in this announcement has been extracted from the Unaudited Interim Results. The Unaudited Interim Results have been prepared under the
supervision of the Chief Financial Officer, Colin Brown, CA(SA), BCompt (Hons), MBL.

The Unaudited Interim Results for the six months ended 31 December 2021 have not been reviewed nor audited by KPMG Inc. (the Auditor).

Any investment decisions by shareholders/noteholders should be based on the full announcement. The full announcement is also available at the Company's
registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, Investec Bank Limited, from
22 February 2022 to 25 February 2022, both days inclusive. Copies of the full announcement may be requested by contacting John Mackay by
telephone: +27(0)11 523 4000 or email: john.mackay@supergrp.com.

For and on behalf of the Board

Phillip Vallet                   Peter Mountford
Chairman of the Company          Chief Executive Officer

Sandton                          Registered office
22 February 2022                 27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor                   Debt Sponsor
Investec Bank Limited            FirstRand Bank Limited, acting through its Rand Merchant Bank division

Date: 22-02-2022 07:05:00
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