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ONELOGIX GROUP LIMITED - Trading statement

Release Date: 08/08/2018 11:00
Code(s): OLG     PDF:  
Wrap Text
Trading statement

(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the company” or “the group”)


Shareholders are advised that OneLogix expects an increase in earnings and diluted earnings per share (“EPS”),
headline and diluted headline earnings per share (“HEPS”) and core headline and diluted core headline earnings
per share (“Core HEPS”), for the year ended 31 May 2018 (“year”), within the ranges reflected in the table below:

                                              31 May 2017              31 May 2018             2018 expected
                                              (cents per share)        expected growth         range
                                                                       range                   (cents per share)
 EPS2                                         29.0                     77% to 87%              51.3 to 54.2
 EPS (continuing operations)                  23.4                     57% to 67%              36.7 to 39.1
 EPS (discontinued operation)1                5.6                      >100%                   13.7 to 15.7
 HEPS                                         29.6                     9% to 19%               32.3 to 35.2
 HEPS (continuing operations)                 24.0                     34% to 46%              32.2 to 35.0
 HEPS (discontinued operation)1               5.6                      (100%)                  0.0
 Core HEPS3                                   36.9                     4% to 14%               38.4 to 42.1
 Core HEPS (continuing operations)            30.6                     26% to 38%              38.6 to 42.2
 Core HEPS (discontinued operation)1          6.3                      (100%)                  0.0

1.    Due to the disposal of the company’s 49% minority interest in DriveRisk Proprietary Limited (“DriveRisk”)
      during the year and in accordance with IFRS 5 (Non-current Assets Held for sale and Discontinued
      Operations) the effects of the disposal of DriveRisk on the group’s results have been presented as a
      discontinued operation.

2.    Included in EPS for the year are the profits realised from the sale of the company’s interest in DriveRisk and
      the sale and leaseback transaction in respect of the Umlaas Road properties in KwaZulu-Natal.

3.    Consistent with prior reporting we aim to present shareholders with the same information that management
      utilises to evaluate the performance of the group’s operations. Accordingly, we present Core HEPS, which
      is headline earnings (as calculated based on SAICA Circular 4/2018) adjusted for the amortisation charge of
      intangible assets recognised on business combinations and charges relating to share-based payments.

The estimated financial information contained in this announcement has not been audited, reviewed or reported
upon by the group's external auditors.

The group's results for the year are scheduled to be announced on or about 30 August 2018.

8 August 2018

Java Capital

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