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”)


TRADING STATEMENT AND OPERATIONAL UPDATE

In terms of the Listings Requirements of JSE Limited (“JSE”), companies are required to publish a
trading statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the interim financial results for the six months ended 31
December 2022 has indicated that:
                              Projected range               Actual                Percentage range
                             31 December 2022          31 December 2021

 Revenue                    R28.1 billion to R30.3         R21.6 billion              30% to 40%
                                   billion

 Profit before tax          R1.53 billion to R1.65         R1.22 billion              25% to 35%
                                   billion

 Earnings per share         237.7 cents per share           190.2 cents               25% to 35%
 (EPS)                        to 256.8 cents per
                                    share
 Headline earnings per      238.6 cents per share           190.9 cents               25% to 35%
 share (HEPS)                 to 257.7 cents per
                                    share


Super Group has weathered a myriad of negative local and global events and the cumulative benefits
of the Group’s diversity, scale and experience continue to translate into a significant advantage for all
stakeholders.
The Group’s journey over the past 10 years has seen shareholders’ Total Equity growing from R3.4
billion in June 2012 to R16.9 billion at 30 June 2022. This represents a 10-year compound annual
growth rate (CAGR) of 17.4% per annum.


OPERATIONAL UPDATE
Overview
The execution of a robust operational growth strategy saw all divisions deliver an excellent financial
performance for the six months to December 2022. Revenue growth was driven by strong commodity
transport and consumer supply chain performances in Supply Chain Africa. Higher average revenue
per load in Supply Chain Europe, and the consolidation of the full six months revenue from LeasePlan
in Australia also contributed materially to revenue growth. The improved availability of stock resulted in
a notable increase in new car sales volumes for the Dealerships divisions in both the UK and South
Africa.
Rigorous cost management has helped mitigate escalating inflation rates, diesel price increases and
Rand volatility.


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Technological expertise remains a key differentiator for the Group, enabling it to better anticipate and
exploit an ever-changing digital landscape and to benefit from both improved operational efficiencies
and cost reductions.


Supply Chain Africa
Significant new business wins and contract renewals continued to boost revenue growth in the
consumer businesses. A diversified product basket and improving volumes in industries such as
hospitality, entertainment and quick service restaurants are driving strong performance levels.
Improved commodity prices and volume increases across all commodities also benefited the Group.
Low inventories and growing export volumes will maintain activity levels into the forthcoming financial
reporting periods.


Supply Chain Europe
The performance of the Group’s European operations has improved considerably, reflecting the
ongoing evolution of the business model to ensure both relevant services and optimised cost structures.
Operational enhancements - such as the consolidation of shipments onto larger vehicles, higher
average kilometres per load, and increased rates in order to recover higher diesel costs - have been
key to growth.


SG Fleet
The inclusion of LeasePlan for the full six months under review has boosted revenue, as have strong
residual value profits on the End of Lease (EOL) vehicle sales. The ongoing shortage of new vehicles
continues to be a challenge in the replacement of vehicles within this business.


Fleet Africa
Increased activity on existing contracts and good growth in ad hoc rental volumes continue to produce
solid results from Fleet Africa. The business remains focused on growing its private sector customer
base and management service offering. The Kenyan business has seen excellent growth, albeit off a
small base, and continues to benefit from the partnership with the Co-Op Bank of Kenya.


Dealerships South Africa
Improved availability of new vehicles has seen strong sales volume increases, with the division
performing well ahead of the National Association of Automobile Manufacturers of South Africa
(NAAMSA) growth statistics. The availability of new and used vehicles across the dealer network will
however continue to be erratic, with componentry and parts supply still a challenge. A multi-brand model
has assisted in satisfying demand, with increased aftermarket activities remaining an important
contributor to revenue growth.


Dealerships United Kingdom (UK)
The division’s footprint continues to grow as a result of strategic acquisitions of key locations and
brands. Six dealerships - one Ford, two Kia, two Hyundai and one Suzuki - were added in the six month
period to 31 December 2022. Improved availability of both new and used vehicles has driven strong
sales volume increases.
Both Dealerships UK and South Africa continue to enhance their digital and service capabilities to
augment the sales pipeline and improve customer communication and retention.


Share repurchases
Between 9 May and 30 August 2022, Super Group repurchased 25 025 919 shares for cancellation or


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treasury shares. The weighted average number of shares decreased by 5.6% to 340.6 million for the
six month period.


Comparison with pre-Covid performance
The Group’s financial performance for the six months to December 2022 now well exceeds that of the
pre-Covid levels, as illustrated below:


                              Projected range                Actual               Percentage range
                             31 December 2022          31 December 2019
                                                          (pre-Covid)
 Revenue                    R28.1 billion to R30.3        R18.9 billion            48.7% to 60.3%
                                   billion

 Profit before tax          R1.53 billion to R1.65        R892.7 million           71.4% to 84.8%
                                   billion

 Earnings per share         237.7 cents per share          142.0 cents             67.4% to 80.8%
 (EPS)                        to 256.8 cents per
                                    share
 Headline earnings per      238.6 cents per share          152.5 cents             56.5% to 69.0%
 share (HEPS)                 to 257.7 cents per
                                    share


Interim financial results
The Group’s interim results for the six months to 31 December 2022 will be published on
www.supergroup.co.za at 07:05 CAT on Tuesday, 21 February 2023, with the investor presentation
hosted virtually at 11:00 CAT on that day. Registration information can be requested from
michelle.neilson@supergrp.com


Shareholders and noteholders are advised that the financial information on which this trading statement
is based (and the other information contained in this announcement) has not been reviewed or reported
on by Super Group’s external auditor.


Sandton                                              Registered office
2 February 2023                                      27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor
Investec Bank Limited

Debt Sponsor
Rand Merchant Bank (a division of First Rand Bank Limited)



Disclaimer
Certain statements in this announcement are not reported financial results or historical information, but
forward-looking statements. Such forward-looking statements are not a guarantee of future
performance. Rather, they are based on current views and assumptions and involve known and
unknown risks, uncertainties and other factors, many of which are outside the control of Super Group
and are difficult to predict, that may cause the actual results, performance, achievements or
developments of Super Group or the industries in which it operates to differ materially from any future
results, performance, achievements or developments expressed or implied by the forward-looking
statements. Super Group expressly disclaims any obligation or undertaking to provide or disseminate
any updates or revisions to any forward-looking statements contained in this announcement.

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