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Voluntary update relating to the impact of COVID 19 pandemic on Super Group
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
(“Super Group” or the “Company”)
VOLUNTARY UPDATE RELATING TO THE IMPACT OF COVID 19 PANDEMIC ON SUPER GROUP
Super Group supports the measures that the South African Government implemented at midnight on
26 March 2020, as well as the procedures implemented by other countries in which it operates, to
contain the spread of the novel coronavirus (COVID-19). These measures have been widely publicised
and Super Group takes the seriousness of the current situation to heart, with our primary priority
being the health and safety of our employees, customers and suppliers.
Super Group mainly operates in South Africa (SA), Australia, the United Kingdom (UK) and Europe, all
of which have stringent lockdown measures in place.
Super Group has additional controls in place to prevent and minimise potential infections and
transmissions of the virus within the workplace, all of which have been communicated to our
employees across all jurisdictions in which the Group operates.
In this time of uncertainty, Super Group would like to clarify its current position pertaining to the
various underlying operations:
Supply Chain Africa
Approximately 58% of Supply Chain Africa’s revenue is generated from the logistics of consumer
goods, paper and pulp, packaging products, healthcare products and commodity products, primarily
coal, which are classified as essential products in South Africa. The South African commodity
operations have been slightly affected by the lockdown and are performing adequately. The consumer
and convenience businesses have been negatively affected to varying degrees, most notably the
businesses exposed to the Quick Services Restaurant sector. The industrial-facing businesses are
significantly impacted by the lockdown and are only supplying products to sectors providing essential
goods.
The initial closure of South Africa's borders to neighbouring countries has caused a large degree of
disruption to our African Logistics business, which accounts for approximately 3% of Group revenue.
Supply Chain Europe
inTime, one of the leading time-critical and integrated supply chain management solutions companies
in Europe and headquartered in Germany, is operating at approximately 25% of usual volumes. As
Germany is not in complete lockdown, but is adhering to strict social distancing rules, there are a
number of inTime’s customers still operating. inTime already faced tough trading conditions and
implemented rationalisation procedures prior to COVID-19, however, it is expected that the business
will come under financial pressure as a result of the Automotive Original Equipment Manufacturers
(OEMs) shutting down their plants.
Fleet Africa
Fleet Africa, a specialised fleet management solutions company, continues to deliver services to its
key parastatal clients that provide essential services.
SG Fleet
Super Group would like to refer you to https://www.sgfleet.com/global/news/covid-19-update-
message-from-our-ceo for SG Fleet’s update on the impact of COVID-19 on its operations.
Dealerships SA and Dealerships UK
Both Dealerships SA and Dealerships UK have closed all of their dealerships. As mentioned, OEMs have
also implemented shut-downs of plants, which together with the expected decline in consumer spend,
will negatively impact the dealerships post COVID-19.
Outlook
Given the high level of uncertainty due to the unpredictable outcomes of this disease, and the volatility
this pandemic has created in the marketplace, it is not possible to quantify the earnings impact of the
COVID-19 pandemic.
The severe weakening of the Rand against all major currencies will benefit the Group, although this is
unfortunately expected to be negated by the decline in profitability due to the impact of COVID-19.
The Company’s cash generation and Statement of Financial Position remain strong and the Company
remains well within its agreed financial covenants. Should the impact of COVID-19 become material
and quantifiable, the Company will provide guidance thereto through the Stock Exchange News
Service (SENS) platform in terms of the JSE Listings Requirements.
Super Group is taking time during this lockdown period to assess opportunities and improve strategies.
The Group will, however, continue to provide essential products and services in the various countries
in which it operates and to support its various stakeholders where this is possible.
We remain committed to playing a pivotal role in combating and preventing the spread of the virus
by adhering to the health measures implemented by the various governments.
Sandton
8 April 2020
Sponsor: Investec Bank Limited
Date: 08-04-2020 04:48:00
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