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Revised Trading Statement
Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
(“Master Drilling” or the “Company”)
Revised Trading Statement
In terms of the Listings Requirements of the JSE Limited relating to trading statements, a listed company
is required to publish a trading statement as soon as it becomes reasonably certain that the financial
results for the next period to be reported on will differ by at least 20% from those of the corresponding
prior period.
As shareholders are aware, the Covid-19 pandemic continues to spread, and these trying times come
with a high degree of uncertainty, fluidity, and unexpected challenges. With the Company’s operations
in over 23 countries, including those that are being severely impacted by the virus with various restrictive
measures imposed, we provide shareholders with an update on the current state of our operations at
this time.
Various measures have been announced by governments around the world in response to the Covid-
19 pandemic. The Company is mainly operating in the mining industry and seeks to comply with the
specific government measures in the countries that it operates in as well as with the specific measures
implemented by its customers. The Company remains fully committed to doing its part in limiting the
spread of the Covid-19 virus, with stringent workplace measures currently in place and further measures
to be implemented as required. Ensuring the safety of our staff, their families and communities, and
delivering our service to our clients, businesses and countries that we serve, remain key priorities. As
the Company, we will continue our best endeavours to support all our key stakeholders and the
countries in which we operate.
Further to the trading statement of 26 November 2020, shareholders are advised that the Company’s
earnings per share (“EPS”) for the year ending 31 December 2020 (“current period”) in ZAR terms are
expected to be between 27,20 and 41,80 cents per share compared to the EPS of 145,90 cents per
share for the year ended 31 December 2019 (“comparative period”), which is between 71,4% and 81,4%
lower than the EPS of the comparative period as reported in ZAR while the headline earnings per share
(“HEPS”) are expected to be between 33,60 and 48,40 cents per share compared to the HEPS of
148,80 cents per share for the year ended 31 December 2019 (“comparative period”), which is between
67,4% and 77,4% lower than the HEPS of the comparative period as reported in ZAR.
Shareholders are also advised that the Company’s EPS for the current period in USD terms are
expected to be between 1.60 and 2.60 cents per share compared to the EPS of 10.10 cents per share
for the comparative period, which is between 74,2% and 84,2% lower than the EPS of the comparative
period as reported in USD while the HEPS are expected to be between 2.00 and 3.00 cents per share
compared to the HEPS of 10.30 cents per share for the comparative period, which is between 70,7%
and 80,7% lower than the HEPS in the comparative period as reported in USD.
The financial information on which this trading statement is based has not been reviewed or reported
upon by the Company’s auditors. Master Drilling’s full year results are expected to be released on SENS
on or about Tuesday, 23 March 2021.
Fochville
18 March 2021
Sponsor
Investec Bank Limited
Date: 18-03-2021 11:55:00
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