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Trading Statement
CAPITEC BANK HOLDINGS LIMITED
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
“Capitec” or “the group”
CAPITEC BANK LIMITED
Registration No. 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
Stock Code: CBL29
ISIN Code: ZAG000158874
(“Capitec Bank” or “the bank”)
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as it
becomes aware that the financial results for the next financial period
to be reported on may vary by 20% or more from those of the previous
comparable period.
The board wishes to advise that a reasonable degree of certainty exists
that for the half year ending 31 August 2021:
for the group
- headline earnings per share will be more than 3 372 cents,
representing an increase of at least 500% compared to the 562 cents
per share reported in the previous period ended 31 August 2020; and
- earnings per share will be more than 3 372 cents, representing an
increase of at least 528% compared to the 537 cents per share
reported in the previous period ended 31 August 2020.
for the bank
- earnings will be more than R3.3 billion, representing an increase of
292% compared to the R841 million reported in the previous period
ended 31 August 2020.
The current period should be viewed from the following perspective:
for the group
The comparable 6-month period ended 31 August 2020 was severely
impacted by the advent of the COVID-19 pandemic and tight lockdown
restrictions. Headline earnings per share and earnings per share
reflected the lockdown’s negative impact on the economy and declined by
78% and 79% respectively, compared to the 6-month period ended 31
August 2019.
An increase of 500% in headline earnings per share for the current 6-
month period represents compound growth of 15.1% compared to the 6-
months ended 31 August 2019. An increase of 528% in earnings per share
for the current 6-month period represents compound growth of 15.0%
compared to the 6 months ended 31 August 2019.
for the bank
Pursuant to note 6 in the 2021 financial year results announced on the
JSE Stock Exchange News Service on 13 April 2021, the shareholding in
the insurance cell structures, previously held by Capitec Bank, was
transferred to a wholly-owned subsidiary of Capitec effective 31 March
2021. This does not impact headline earnings and earnings per share at
group level, but does impact the bank’s earnings.
Shareholders are cautioned regarding the period up to 31 August 2021 as
this trading update is premised on the results of the first quarter of
this financial year. The country is experiencing a third wave of the
COVID-19 pandemic, there have been significant delays in, and other
issues with, the roll out of vaccinations and the economic environment
presents a challenge.
More specific guidance will be provided when there is certainty of the
range of the increase in headline earnings and earnings.
The financial information on which this trading statement is based has
not been reviewed and reported on by Capitec’s auditors.
By order of the Board
Stellenbosch
18 June 2021
JSE Equity and Debt Sponsor
PSG Capital
Date: 18-06-2021 01:10:00
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