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SUPER GROUP LIMITED - Unaudited Interim Results for the six months ended 31 December 2020

Release Date: 22/02/2021 15:00
Code(s): SPG SPG009 SPG008 SPG010 SPGC02 SPG005 SPG006 SPG007 SPG004     PDF:  
Wrap Text
Unaudited Interim Results for the six months ended 31 December 2020

SUPER GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER: 1943/016107/06)
SHARE CODE: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
DEBT COMPANY CODE:   BISGL
("SUPER GROUP" OR "THE GROUP" OR "THE COMPANY")

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

FINANCIAL RESULTS

Considering that the South African economy was already constrained pre Covid-19, the Group has delivered a commendable trading performance for the six
months to 31 December 2020. The Group's financial position is robust and cash flow has been excellent in these challenging circumstances.

This outstanding performance has been achieved despite the negative impact of continuing lockdowns, including the recent reimplementation of the South
African Alert Level 3 lockdown regulations. The Australian, German and United Kingdom (UK) businesses have also been impacted by lockdown restrictions with
the most significant impact being experienced in the UK. The UK dealerships were negatively impacted by the lockdown from 5 November 2020.

- Revenue increased by 5.8% to R20.0 billion (December 2019: R18.9 billion)
- Operating profit increased by 0.5% to R1 225.8 million (December 2019: R1 219.1 million)
- Profit before taxation increased by 11.5% to R995.2 million (December 2019: R892.7 million)
- Earnings per share increased by 12.7% to 160.1 cents (December 2019: 142.0 cents)
- Headline earnings per share increased by 4.7% to 159.6 cents (December 2019: 152.5 cents)
- Cash generated from operations increased by 23.5% to R2.5 billion (December 2019: R2.1 billion)
- Net asset value per share for the period increased by 0.8% to R31.41 (30 June 2020: R31.16)
- No dividend has been declared for the six months ended 31 December 2020 (December 2019: Nil)

REGULATORY REQUIREMENTS

The contents of the short form announcement are the responsibility of the Board of directors of Super Group. The information in the short-form announcement
is a summary of the full announcement available on the Company's website http://www.supergroup.co.za/investors/financial on 22 February 2021 and accordingly
does not contain the full or complete details. The full announcement can also be accessed online at
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/SPG/HY2021.pdf.

The information in this announcement has been extracted from the Unaudited Interim Results. The Unaudited Interim Results have been prepared under the
supervision of the Chief Financial Officer, Colin Brown, CA(SA), BCompt (Hons), MBL.

The Unaudited Interim Results for the six months ended 31 December 2020 have not been reviewed nor audited by KPMG Inc. (the Auditor).

Any investment decisions by shareholders/noteholders should be based on the full announcement. The full announcement is also available at the Company's
registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, Investec Bank Limited, from 
22 February 2021 to 26 February 2021, both days inclusive. Copies of the full announcement may be requested by contacting John Mackay on telephone: 
+27(0)11 523 4000, email: john.mackay@supergrp.com or fax: +27(0)11 523 4858.

For and on behalf of the Board

Phillip Vallet                 Peter Mountford
Chairman of the Company        Chief Executive Officer

Sandton                        Registered office
22 February 2021               27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor                 Debt Sponsor
Investec Bank Limited          Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 22-02-2021 03:00:00
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