IMPERIAL LOGISTICS LIMITED - Trading statement for the 6 months ended 31 December 2019

Trading statement for the 6 months ended 31 December 2019

Imperial Logistics Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL
(“Imperial” or “Company” or “Group”)

Trading statement for the 6 months ended 31 December 2019

Imperial is currently finalising its interim results for the six months to
31 December 2019.


TOTAL INCLUDING PRIOR PERIOD DISCONTINUED OPERATIONS

Accordingly, Imperial advises shareholders that there is a reasonable degree
of certainty that the Company's anticipated Basic Earnings per Share (EPS)
and Basic Headline Earnings per Share (HEPS) for the group in total, including
discontinued operations (Motus and Consumer Packaged Goods ‘CPG’ in South
Africa), are expected to decrease by more than 20% compared to 31 December
2018. The decrease is as a result of the unbundling of Motus on 22 November
2018 which contributed 2,687 of EPS and 539 of HEPS in the prior period as
well as trading losses incurred in CPG in the current 6 months. A range as
contemplated in the JSE Listings Requirements is provided below:


                            31 December 2018         31 December 2019
                            Restated for IFRS 16     Expected range


Total EPS (cents)           2978                     210 to 236       (down 92% - 93%)

Total HEPS (cents)          836                      176 to 202       (down 76% – 79%)



CONTINUING OPERATIONS

EPS and HEPS for the six months to 31 December 2019 for continuing operations
(excluding Motus and CPG) compared to 31 December 2018, are however, expected
to increase as follows:


                          31 December 2018         31 December 2019
                          Restated for IFRS 16     Expected range


Continuing EPS (cents)      332                      362 to 380        (up 9% to 14%)

Continuing HEPS (cents)     337                     364 to 377         (up 8% to 12%)

The increases in continuing EPS and HEPS are line with growth in operating
profit, which benefitted from:

   -   the rationalisation process undertaken in F2019;
   -   certain once-off trading costs that were recorded in the prior period
       not recurring in the current six months;
   -   partially offset by increasingly challenging trading conditions.



Imperial will release its results for the six months to 31 December 2019 on
25 February 2020.

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


Bedfordview
20 February 2020


Sponsor: Merrill Lynch South Africa (Pty) Limited

Date: 20-02-2020 12:20:00
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