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Audited financial statements for the year ended 31 December 2023, availability of annual report and notice of AGM
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
("Metair" or "the group" or "the company")
(Reg No. 1948/031013/06)
JSE and A2X share code: MTA
ISIN code: ZAE 000090692
AUDITED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023, AVAILABILITY OF THE ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
TURNOVER HEPS EBITDA* OPERATING PROFIT
Increased 14% to Increased to Increased 86% to Increased 7% to
R15.9bn 135cps R1.1bn R487m
*Earnings before interest, taxation, depreciation and amortisation - calculated as group operating profit and
equity-accounted earnings plus depreciation, amortisation and impairments on non-financial assets.
Shareholders are advised to refer to the group's annual report (which may be accessed via the links provided below) for commentary
in respect of the results for the year ended 31 December 2023.
Year ended
31 December 31 December
2023 2022 Change
FINANCIAL SUMMARY R'000 R'000 %
Revenue 15 856 456 13 905 467 14
Operating profit 486 598 452 708 7
EBITDA 927 110 825 659 12
EBITDA before impairments on non-financial
assets including equity earnings 1 100 767 592 449 86
Earnings/(loss) per share (cents) 49 (21) (333)
Headline earnings/(loss) per share (cents) 135 (17) (894)
No. of shares in issue ('000) 198 986 198 986 -
Net asset value per share (cents) 2 790 2 615 7
Cash generated from operations 1 156 969 151 196 665
HIGHLIGHTS
NET ASSET EARNINGS B-BBEE
VALUE PER SHARE maintained at
PER SHARE increased to Level 1
increased to 49 cents
2 790 cents per share
per share
INVESTOR AND ANALYST AUDIO WEBCAST of the presentation will be broadcast on Wednesday, 27 March 2024
NO DIVIDEND IS BEING DECLARED FOR THE YEAR ENDED 31 DECEMBER 2023 (2022: NIL)
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company.
Shareholders are advised that the forecast financial information contained in this announcement has not been reviewed or reported on by the
company's auditors and is the responsibility of the directors of the company. As the information in this announcement does not provide all
of the details, any investment decisions should be based on the published audited consolidated annual financial statements for the year ended
31 December 2023 available through the JSE cloudlink at: https://senspdf.jse.co.za/documents/2024/JSE/ISSE/MTA/AFS2023.pdf and on
Metair's website at: https://www.metair.co.za/wp-content/uploads/2024/03/Metair-IAR_2023.pdf
The consolidated annual financial statements for the year ended 31 December 2023 have been audited by the company's auditors, Ernst & Young Inc.,
who expressed an unmodified audit opinion thereon.
An investor and analyst webcast of the annual results presentation will be broadcast live on Wednesday, 27 March 2024 at 10h00 (SAST), which
presentation will be available on the company's website: https://www.metair.co.za/wp-content/uploads/2024/03/2024-Year-end-results.pdf.
Investors and analysts are advised to utilise the following link to gain access to the webinar: https://www.corpcam.com/Metair27032024.
NOTICE OF ANNUAL GENERAL MEETING AND AVAILABILITY OF INTEGRATED ANNUAL REPORT
Notice is hereby given that the annual general meeting (AGM) will be held at Metair's registered office, Suite 7, Ground Floor, Building 2,
Oxford & Glenhove, 114 Oxford Road, Houghton Estate, Johannesburg, 2198, Republic of South Africa and remotely through an electronic interactive
platform hosted by The Meeting Specialist (Pty) Ltd (TMS) on Tuesday, 7 May 2024 at 14h00, as set out in the notice of AGM, which is incorporated
into the group's integrated annual report for the year ended 31 December 2023, available on the company website
https://www.metair.co.za/wp-content/uploads/2024/03/Metair-IAR_2023.pdf and which will be mailed to shareholders on Thursday, 4 April 2024.
The additional information required in terms of paragraph 8.62 of the JSE Limited Listings Requirements is contained in the group's 2023 integrated
annual report.
Shareholders who wish to electronically attend, participate in and/or vote at the AGM are required to contact TMS at proxy@tmsmeetings.co.za or
on +27 84 433 4836, +27 81 711 4255, +27 61 440 0654 as soon as possible, in any event by no later than 14h00 on Friday, 3 May 2024. Shareholders are
encouraged to read the notice of AGM for further information on, inter alia, how to attend electronically, participate in and vote at the AGM and/or
details on how to submit forms of proxy.
The record date for purposes of determining which shareholders are entitled to receive the notice of AGM is Thursday, 28 March 2024. The record date
for purposes of determining which shareholders must be registered as such in the company's securities register in order to attend and vote at the AGM is
Friday, 26 April 2024. The last day to trade in order to be entitled to vote at the AGM will therefore be Tuesday, 23 April 2024. Duly completed
proxy forms must be received by the company or by TMS by no later than Friday, 3 May 2024 at 14h00.
27 March 2024
Registrars Sponsor Investor relations
Computershare Investor Services (Pty) Limited One Capital Instinctif Partners
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
EXECUTIVE DIRECTORS: PS O'Flaherty (CEO); A Jogia (CFO)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); B Mawasha (Lead Independent);
PH Giliam; N Medupe; NL Mkhondo; MH Muell (German); AK Sithebe;
S Sithole (Zimbabwean) (Alternate director to NL Mkhondo)
COMPANY SECRETARY: SM Vermaak
Date: 27-03-2024 07:05:00
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