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BARLOWORLD LIMITED - Trading Statement for the six months ended 31 March 2024

Release Date: 16/05/2024 10:40
Code(s): BAW BAWP BAW40 BAWGL2 BAWGL1 BAW39 BAW37 BAW38 BAW41 BAW42     PDF:  
Wrap Text
Trading Statement for the six months ended 31 March 2024

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
(JSE ISIN: ZAE000026647)
(the "group")


Shareholders are advised that the group is currently finalising its results for the six months ended
31 March 2024 (the "period"), which will be released on the Stock Exchange News Service of the
JSE Limited ("JSE") on or about Monday, 27 May 2024.

In terms of the JSE Listings Requirements, the group is satisfied that a reasonable degree of certainty
exists that the financial results for the period will differ by at least 20% from the comparable six-month
period ended 31 March 2023 ("the prior period").

Basic earnings per share ("EPS") and basic headline earnings per share ("HEPS") from
continuing and discontinued operations

The range for basic EPS and basic HEPS from group, continuing operations and discontinued
operations for the period are expected to be as follows:

 ZAR cents                                   31 Mar 2024         Expected range of        31 Mar 2023
                                        Expected Results         decrease based on         (Reported)
                                                   Range               31 Mar 2023

 Basic EPS - group                        501.8 to 521.8            26.6% to 29.5%              711.3
 Basic EPS
   Continuing operations                  501.8 to 521.8            10.1% to 13.6%              580.6
   Discontinued operations                          0.00                      100%              130.7
 Basic HEPS – group                       522.2 to 542.2            24.0% to 26.8%              713.2
 Basic HEPS
    Continuing operations                 522.2 to 542.2              6.2% to 9.7%              578.1
    Discontinued operations                         0.00                      100%              135.1

Accounting presentation

The car rental and leasing business, Zeda Limited was successfully unbundled and separately listed
on the JSE on 13 December 2022, while the Logistics business was successfully disposed of,
effective 31 March 2023. Both these businesses were included in the prior period as discontinued

The decrease in the group results is as a result of the exclusion of these discontinued operations in
the current reporting period. HEPS from continuing operations is however expected to differ by less
than 20% relative to the prior period.

Shareholders are advised that the information contained in this trading statement has not been
reviewed or reported on by the group's independent external auditors.

16 May 2024

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Kgaugelo Legoabe-Kgomari
Group Investor Relations
Tel: ++27 82 619 4710


Date: 16-05-2024 10:40:00
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