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CONSOLIDATED GROUP ASSESSED
at B-BBEE Level 1 and South African
subsidiaries at level 4 or better
CONDENSED AUDITED Turnover increased
R14 bn
CONSOLIDATED RESULTS 10% to
METAIR INVESTMENTS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2022 Normalised HEPS 243 cps
(Incorporated in the Republic of South Africa)
(“Metair” or “the group” or “the company”) AND NOTICE OF ANNUAL GENERAL MEETING
(Reg No. 1948/031013/06)
Normalised
EBITDA R1.48 bn
Share code: MTA • ISIN code: ZAE000090692
Shareholders are advised to refer to the full abridged results announcement (which may be accessed via the links provided below) for commentary in
respect of the year ended 31 December 2022.
Year ended HIGHLIGHTS
31 December 31 December
FINANCIAL SUMMARY 2022 2021 Change %
Audited
R’000
Audited
R’000
SUCCESSFUL RECORD LTIFR IMPROVED TO
LAUNCH OF
EXPORT
Revenue 13 905 467 12 621 070 10%
NEW FORD VOLUMES 0.20
Operating profit 452 708 1 159 039 (61%)
MODEL FROM MUTLU AKÜ
EBITDA 825 659 1 461 035 (43%)
EPS (cents) (21) 350 (106%)
NAVIGATING THROUGH
HEPS (cents) (17) 354 (105%)
No. of shares in issue (’000) 198 986 198 986 0%
SUCCESSFUL TOYOTA RECOVERY
FROM KZN FLOODS AND CONCLUSION OF
Net asset value per share (cents) 2 615 1 946 34%
BUSINESS INTERRUPTION INSURANCE CLAIM
Cash generated from operations 151 195 648 930 (77%)
No final dividend was declared in respect of the year ended 31 December 2022 (2021: 90 cents per share).
Normalisation adjustments exclude the non-cash impact of hyperinflation on Mutlu Akü’s results and once-off items.
ADDITIONAL INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does not contain
full or complete details. Shareholders are advised that the forecast financial information contained in this announcement has not been reviewed or reported
on by the company’s auditors and is the responsibility of the directors of the company. Any investment decisions by investors and/or shareholders should
be based on consideration of the full announcement that has been published on SENS today, 30 March 2023
(https://senspdf.jse.co.za/documents/2023/JSE/ISSE/MTA/AFS2022.pdf) and is also available on our website
(https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR-Abridged-2022.pdf).
The full announcement is also available at our registered office and our sponsor’s office for inspection, at no charge, during office hours. The audited
consolidated financial statements, from which this summarised report is extracted, have been audited by Ernst and Young Inc., who expressed an unmodified
opinion thereon. The key audit matters relating to the Multu hyperinflation as well as goodwill and indefinite life intangible assets impairment assessment have
been addressed in the auditor’s report, as contained on pages 115 to 119 of the audited consolidated financial statements, which is available on our website
(https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR_2022.pdf).
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (AGM) will be held remotely through an electronic interactive platform hosted by The Meeting Specialist
(Pty) Ltd (TMS) on Thursday, 4 May 2023 at 14h00, as set out in the notice of AGM, which is incorporated into the group’s annual report for 2022, which is available
on the company’s website (https://www.metair.co.za/wp-content/uploads/2023/03/Metair-IAR_2022.pdf) and which will be mailed to shareholders tomorrow,
31 March 2023. Shareholders who wish to electronically attend, participate in and/or vote at the AGM are required to contact TMS at proxy@tmsmeetings.co.za
or on +27 84 433 4836; +27 81 711 4255; or +27 61 440 0654 as soon as possible, in any event by no later than 14h00 on Tuesday, 2 May 2023. Shareholders are
encouraged to read the notice of AGM for further information on, inter alia, how to attend electronically, participate in and vote at the AGM and/or details on how
to submit forms of proxy. The record date for purposes of determining which shareholders are entitled to receive the notice of AGM is Friday, 24 March 2023. The
record date for purposes of determining which shareholders must be registered as such in the company’s securities register in order to attend and vote at the AGM
is Friday, 21 April 2023. The last day to trade in order to be entitled to vote at the AGM will therefore be Tuesday, 18 April 2023. Duly completed proxy forms must be
received by the company or by TMS by no later than Tuesday, 2 May 2023 at 14h00.
30 March 2023
Registrars Sponsor Investor relations
Computershare Investor Services (Pty) Ltd One Capital Instinctif Partners
Rosebank Towers, 15 Biermann Avenue, 17 Fricker Road
Rosebank, 2196 Illovo, 2196
EXECUTIVE DIRECTORS: R Haffejee (CEO); S Douwenga (CFO/interim CEO effective 22 March 2023); A Jogia (interim CFO effective 22 March 2023)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); PH Giliam; B Mathews; B Mawasha (Lead Independent);
N Mkhondo; MH Muell (German); A Sithebe; S Sithole (Zimbabwean) (Alternate director to N Mkhondo)
COMPANY SECRETARY: SM Vermaak
