HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273

FINANCIAL RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2022, DIVIDEND DECLARATION NUMBER 71 AND CHANGE
TO THE BOARD

Salient features

                                                               30 November    30 November             %
                                                                      2022           2021        change
    Revenue (Rm)                                                     8 151           7 258          12.3
    Operating profit before fair value adjustments (Rm)              1 019             826          23.4
    Profit for the year (Rm)                                           675             549          22.8
    Comparable earnings per share (cents)                            1 951           1 613          21.0
    Headline earnings per share (cents)                              2 007           1 641          22.3
    Basic earnings per share (cents)                                 2 007           1 643          22.2
    Dividends per share (cents)                                        925             760          21.7
    Net asset value per share (cents)                               10 647           9 541          11.6

Auditor’s review

The salient features above have been extracted from the group condensed financial statements for the year ended 30
November 2022 that have been reviewed by Deloitte & Touche, who have expressed an unmodified review conclusion.

Changes to the board

On 2 February 2023, Ernie Smith, a portfolio executive, was appointed by the board as an alternate director to Louis
Meiring.

Declaration of final dividend number 71

Final dividend number 71 of 625 cents per share is declared payable on Monday, 6 March 2023 to ordinary
shareholders recorded in the register at the close of business on Friday, 3 March 2023.

The timetable for the payment of the dividend is as follows:

Last day to trade cum dividend                                  Tuesday, 28 February 2023
Trading ex dividend commences                                   Wednesday, 1 March 2023
Record date                                                     Friday, 3 March 2023
Payment date                                                    Monday, 6 March 2023

Share certificates may not be dematerialised or rematerialised between Wednesday, 1 March 2023 and Friday,
3 March 2023, both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividend Tax, the following additional
information is disclosed:

•      the dividend has been declared from income reserves;
•      the dividend withholding tax rate is 20%;
•      the net local dividend amount is 500 cents per share for shareholders liable to pay the Dividend Tax and 625
       cents per share for shareholders exempt from the Dividend Tax;
•      Hudaco Industries Limited has 31 590 980 shares in issue (which includes 2 507 828 treasury shares); and
•      Hudaco Industries Limited’s income tax reference number is 9400/159/71/2.
Short-form announcement
This short-form announcement is the responsibility of the directors of Hudaco and has not been audited or reviewed.
It is only a summary of the information contained in the reviewed results for the year ended 30 November 2022 (the
“full announcement”) and does not contain full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the full announcement published on the JSE website at
https://senspdf.jse.co.za/documents/2023/jse/isse/HDC/ye2022.pdf.

The full announcement is available on the Company’s website (www.hudaco.co.za) and copies may be requested from
the Company at info@hudaco.co.za or inspected at the registered office of the Company, at no charge, during office
hours.


3 February 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited