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Annual results for the 12 months ended 30 September 2022
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
(Barloworld or the company or the group)
SHORT FORM ANNOUNCEMENT
ANNUAL RESULTS FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2022
Financial performance
- Group HEPS up by 48.2% to 1 771 cents from 1 195 cents in FY21 (restated)
- HEPS from continuing operations up 16.0% to 1 096.3 cents from 944.9 cents in FY21 (restated)
- Basic earnings per share of 1 051.9 cents (FY21: 1 390.9 cents (restated))
- Group revenue increased 9.5% to R49.2 billion from R44.9 billion in FY21 (restated) when excluding Motor Retail in
prior year
- Revenue from continuing operations up 15.4% to R39.4 billion from R34.1 billion in FY21 (restated)
- Group operating profit from core trading activities up 32% to R5.6 billion from R4.2 billion in FY21 (restated)
- Operating profit from core trading activities from continuing operations up 12.8% to R3.7 billion from R3.2 billion
in FY21 (restated)
- Enhanced group ROIC of 16.9% (FY21: 11.3%)
- Ordinary dividend 295 cents per share (FY21: 300 cps) and special dividend of 550 cents per share (FY21: 1 150 cps) declared
Dividend declaration
Notice is hereby given that final dividend number 186 of 295 cents per ordinary share and a special dividend of 550 cents per
ordinary share in respect of the twelve months ended 30 September 2022 has been declared (collectively "the dividends"), subject
to the applicable dividends tax levied in terms of the Income Tax Act (Act No. 58 of 1962) (as amended) (the Income Tax Act)
as follows:
Dividend Gross amount Withholding tax Net amount
Ordinary 295 cents per share 20% 236 cents per share
Special 550 cents per share 20% 440 cents per share
Payment of the special dividend is subject to exchange control approval by the South African Reserve Bank. A further
announcement will be released once such approval has been obtained.
In accordance with the JSE Listings Requirements the following additional information is disclosed:
- The dividends have been declared out of income reserves
- The company's income tax number is IT 9000051715
- Local dividends tax rate is 20% (twenty per cent)
- Barloworld has 189 641 787 ordinary shares in issue.
In compliance with the requirements of Strate and the JSE Limited, the following dates are applicable to the dividends:
Dividends declared Monday, 21 November 2022
Finalisation date Friday, 23 December 2022
Last day to trade cum dividends Tuesday, 3 January 2023
Ordinary shares trade ex-dividends Wednesday, 4 January 2023
Record date Friday, 6 January 2023
Payment date Monday, 9 January 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 4 January 2023 and Friday,
6 January 2023, both days inclusive.
Short form announcement
This short form announcement is the responsibility of the board of directors of Barloworld and is a summarised version
of the full announcement in respect of the twelve months ended 30 September 2022 of Barloworld and its subsidiaries
(collectively "the group") and as such it does not contain full or complete details pertaining to the group's year-end
results. Any investment decisions should be made based on the full announcement.
The full announcement can be found on the group's website https://www.barloworld.com/investors/yearend-results-presentations/
and on the JSE's website at: https://senspdf.jse.co.za/documents/2022/jse/isse/BAWE/ye2022.pdf
The full announcement is available for inspection, at no charge, at the registered office of Barloworld (61 Katherine Street,
Sandton, Johannesburg, 2146) from 09:00 to 16:00 on business days. Copies of the full announcement can be requested from the
registered office by contacting the company secretary on +27 11 445 1000.
Audit opinion
The annual financial statements were audited by the group's joint auditors Ernst & Young Inc. and SNG Grant Thornton Inc.,
who expressed an unqualified audit opinion thereon. The full audit opinion, including any key audit matters, is available
on the group's website at https://www.barloworld.com/investors/ together with the Barloworld annual financial statements.
Certain information presented in this announcement is regarded as pro forma financial information. This information
has been prepared for illustrative purposes only, is the responsibility of the board of directors of Barloworld and has
not been reviewed or reported on by the company's auditors.
Directors
Independent non-executive
NN Gwagwa (Chairman), N Chiaranda^, FNO Edozien*, HH Hickey, MD Lynch-Bell**, NP Mnxasana, NV Mokhesi, H Molotsi, P Schmid
Executive
DM Sewela (Group Chief Executive), N Lila (Group Finance Director)
*Nigeria **UK ^Italy
Group Company Secretary
Nomini Rapoo
Sandton
21 November 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Enquiries:
Group Investor Relations
Nwabisa Piki
Tel: +27 64 880 6872
E-mail: nwabisap@barloworld.com
About Barloworld
Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of focus:
Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Our provision of Industrial
Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the
operation and maintenance of a large array of mining, construction and power solutions for our customers, with whom we
have built enduring relationships based on mutual trust. Through our Consumer Industries business, Ingrain, we provide
large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages,
paper, pharmaceuticals, building materials and adhesives, among others.
Date: 21-11-2022 07:05:00
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