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Trading Statement
PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000256319
("PBT Group" or “the Company”)
TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2021
In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading statement
as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be
reported upon will differ by 20% or more from the financial results of the previous corresponding period.
Shareholders of PBT Group (“Shareholders”) are advised that the Company is currently finalising its results for the
year ended 31 March 2021.
Results are expected to be as follows:
12 months ended 31
Trading statement for March 2021 Year on year
12 months ended 31
the 12 months ended 31 change based on
March 2020
March 2021 Expected ranges expected ranges
Revenue (ZARm) 781 - 797 673 16% - 18%
EBITDA (ZARm) 97 - 99 73 34% - 36%
Profit after tax (ZARm) 65 - 66 46 40% - 43%
Headline earnings
44 - 45 30 47% - 50%
(ZARm)
Normalised headline
45 - 46 31 45% - 48%
earnings (ZARm)
Cash generated from
91 - 93 102 (11%) - (9%)
operations (ZARm)
End of period issued
99.1 102.3
ordinary shares (million)
Issued ordinary shares
excl. IFRS 2 treasury 85.1 89.7
shares (million)
Weighted average
number of ordinary 87.5 96.6
shares (million)
Normalised weighted
average number of 99.3 107.0
ordinary shares (million)
Earnings per share (ZAR
49.50 - 51.50 30.65 62% - 68%
cents)
Headline earnings per
49.50 - 51.50 30.79 61% - 67%
share (ZAR cents)
Normalised headline
earnings per share (ZAR 44.50 - 46.50 28.92 54% - 61%
cents)
The PBT Group’s financial performance was driven by:
1. Organic revenue growth due to continued demand for PBT Group’s services.
2. PBT Group operating expenses being contained, resulting in profit margin expansion.
3. PBT Group continuing to convert a large portion of its earnings to cash.
PBT Group, for the first time, is reporting a normalised earnings figure. This figure reverses the accounting effect of
IFRS 2 – Share-based payment. The board of directors is of the view that this is a more accurate reflection of after-
tax earnings per share.
The financial information on which this trading statement is based has not been reviewed and reported on by the
Company’s auditors.
The year-end results are scheduled to be published on or about 30 June 2021.
By order of the board of directors.
Cape Town
24 June 2021
Sponsor:
Sasfin Capital Proprietary Limited
Date: 24-06-2021 11:48:00
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