Enhanced Investments - Financial Portal

Trading Statement

Published: 2023-03-03 09:00:51 ET

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
LEI: 378900835F180983C60
("Sun International" or “the Company”)


TRADING STATEMENT

The Sun International group is currently finalising its financial results for the year ended 31
December 2022, which are expected to be released on the Stock Exchange News Service of
the JSE Limited (“SENS”) on or about Monday, 13 March 2023.

The board is delighted to report that the successful execution of the group’s strategy has
yielded excellent results, with strong growth in revenue, adjusted EBITDA, adjusted
headline earnings as well as a significant reduction in group debt. Our urban casinos income
rebounded with strong growth in income and improved margins, our hotels and resorts,
especially Sun City, had an exceptional second half, SunSlots continued its strong
performance while SunBet achieved exceptional growth in revenue and its key metrics.

Accordingly, shareholders are advised that a reasonable degree of certainty exists that the
Company’s: -

•    basic earnings per share for the financial year ended 31 December 2022 is expected
     to be a profit of between 211 cents per share and 234 cents per share, which equates
     to an improvement of more than 100% when compared against the prior year’s profit
     of 105 cents per share;
•    headline earnings per share for the financial year ended 31 December 2022 is
     expected to be a profit of between 213 cents per share and 237 cents per share,
     which equates to an improvement of more than 100% when compared against the
     prior year’s headline earnings profit of 106 cents per share; and
•    adjusted headline earnings per share for the financial year ended 31 December 2022
     is expected to be a profit of between 415 cents per share and 461 cents per share,
     which equates to an improvement of more than 100% when compared against the
     prior year’s profit of 44 cents per share.

The primary difference between headline earnings and adjusted headline earnings relates
to a change in the estimated redemption value of the SunWest put option liability of
R510 million.

This trading statement has not been reviewed or reported on by Sun International’s
external auditor.

By order of the Board.

Johannesburg
3 March 2023

Sponsor to Sun International
INVESTEC BANK LIMITED

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.