Sharenet Sites 
Sharenet Sites
Trading statement for the six months ended 31 March 2022 and cancellation of Barloworld’s listing in the UK
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”)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2022 AND
CANCELLATION OF BARLOWORLD’S LISTING IN THE UNITED KINGDOM
Shareholders are advised that the group is currently finalising its results for the six months ended
31 March 2022 (“the period”), which will be released on the Stock Exchange News Service
(“SENS”) of the JSE Limited (“JSE”) on or about 23 May 2022.
In terms of the JSE Listings Requirements, the group is satisfied that a reasonable degree of
certainty exists that the financial results for the period will differ by at least 20% from the prior six
months period ended 31 March 2021 (“the prior period”).
Basic earnings per share (“EPS”), basic headline earnings per share (“HEPS”) and
normalised basic HEPS from continuing operations
The range for basic EPS, basic HEPS and normalised basic HEPS from group, continuing
operations and discontinued operations for the six months ended 31 March 2022 are expected to
be as follows:
ZAR cents 31 Mar 2022 Expected range Expected range 31 Mar 31 Mar
Expected of increase/ of increase/ 2021 2021
Results (decrease) based (decrease) (Restated) (Reported)
Range on 31 Mar 2021 based on 31
(Restated) Mar 2021
(Reported)
Basic earnings/(loss) per share - (26.1) to (36.1) > (100) % > (100) % 366.2 371.4
group
Basic earnings/(loss)per share
Continuing Operations (77.3) to (87.3) > (100) % > (100) % 264.2 420.7
Discontinued Operation 46.2 to 56.2 (45%) to (55%) > 100% 102.0 (49.3)
Basic HEPS – group 750.6 to 760.6 > 100 % > 100% 362.0 367.1
Basic Headline earnings /(loss)per
share
Continuing Operations 441.8 to 451.8 77% to 81% 9% to 12% 249.9 405.1
Discontinued Operations 303.8 to 313.8 >100% >100% 112.1 (37.9)
Normalised basic HEPS – group 778.6 to 788.6 94% to 97% 84% to 86% 401.2 423.0
Normalised basic HEPS- 460.1 to 470.1 60% to 64% 3% to 5% 287.3 448.0
Continuing operations
Note:
1. Normalised basic HEPS figures are the responsibility of the directors and have been presented for illustrative
purposes only. Because of their nature, normalised basic HEPS figures may not fairly present Barloworld’s
basic HEPS.
Accounting presentation changes
Following the board’s approval to investigate potential options to sell or unbundle and separately
list the Car Rental and Leasing business, Avis Budget Southern Africa, the business is now
classified as held for sale in terms of IFRS 5. Accordingly, Car Rental and Leasing is classified
as part of discontinued operations in the income statement, and comparatives have been restated
in this regard.
Normalised HEPS from continuing operations
Due to the above items which impacted the group’s results in the prior period, shareholders are
reminded that the group disclosed normalised HEPS from continuing operations of 448 cents,
which has been restated to 287 cents due to the Car Rental and Leasing business being reported
as a discontinued operation. As a result of the ongoing restructuring, the normalised HEPS from
continuing operations is perceived as a more relevant measure. The costs of our BBBEE deal
Khula Sizwe and the impact of IFRS 16 are excluded from our normalised HEPS from continuing
operations.
Shareholders are advised that the information contained in this trading statement has not been
reviewed or reported on by Barloworld’s independent external auditors.
Cancellation of Barloworld’s listing in the United Kingdom
Following a determination by the directors of the company in June 2021 that, due to the limited
trading and liquidity of the ordinary shares on the London Stock Exchange plc (“London Stock
Exchange”), there was no visible benefit in maintaining the secondary listing on the London
Stock Exchange, Barloworld cancelled its listing of its ordinary shares on 1 October 2021 on the
Standard Segment of the Official List and ceased trading on the Main Market of the London
Stock Exchange. The company is currently primary listed on the JSE.
Sandton
16 May 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Enquiries:
Nwabisa Piki
Group Investor Relations
Tel: +27 11 445 1890 E-mail: nwabisap@barloworld.com
Date: 16-05-2022 08:40:00
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.
