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Reviewed Condensed Consolidated Financial Statements for the year ended 30 June 2023 and Cash Dividend Declaration

Published: 2023-08-29 08:05:31 ET

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” or “the Company”)



REVIEWED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 JUNE 2023 AND CASH DIVIDEND DECLARATION


    ▪    Revenue increased by 30.6% to R61.88 billion (June 2022: R47.37 billion*)
    ▪    EBITDA increased by 20.8% to R8.49 billion (June 2022: R7.03 billion)
    ▪    Operating profit increased by 20.7% to R3.95 billion (June 2022: R3.27 billion)
    ▪    Profit before taxation increased by 18.7% to R2.97 billion (June 2022: R2.50 billion)
    ▪    Earnings per share increased by 24.9% to 472.9 cents (June 2022: 378.5 cents)
    ▪    Headline earnings per share increased by 23.3% to 469.4 cents (June 2022: 380.7
         cents)
    ▪    Operating cash flow increased by 18.9% to R8.72 billion (June 2022: R7.33 billion)
    ▪    Net asset value per share increased by 20.5% to R46.27 (30 June 2022: R38.40)

*restated from R46.24 billion



FINANCIAL RESULTS
Super Group reported an outstanding set of results for the year ended 30 June 2023. The Group’s
financial performance for the year significantly exceeds that of pre-Covid levels. In comparison with
2019, revenue has increased by 63% and EBITDA by 126%. Profit before tax and earnings per share
increased by 32% and 31% respectively, with net asset value per share having increased by 52%.
The Group’s competitiveness was evidenced in significant new client wins, contract renewals and
market share gains. The investment in technology and fit-for-purpose assets also unlocked efficiencies
and created capacity for growth, with integration across operating companies reducing costs and
creating shared value-creation opportunities.


CASH DIVIDEND DECLARATION
Notice is hereby given that a final gross dividend of 80 cents (2022: 63 cents) per share has been
declared out of income reserves in respect of the ordinary shares of no-par value for the year ended 30
June 2023.
A dividend withholding tax of 20% or 16 cents per share will be applicable, resulting in a net dividend
of 64 cents per share, unless the shareholder concerned is exempt from paying dividend withholding
tax or is entitled to a reduced rate in terms of an applicable double-tax agreement. The issued share
capital at the declaration date is 346 309 812 ordinary shares. The income tax number of the Company
is 9050050716.




                                                                                                     1
 Dates of importance
 Last day to trade in order to participate in the dividend                   Tuesday, 17 October 2023
 Shares trade ex-dividend                                                  Wednesday, 18 October 2023
 Record date                                                                   Friday, 20 October 2023
 Payment date                                                                 Monday, 23 October 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 18 October 2023
and Friday, 20 October 2023, both days inclusive.


REGULATORY REQUIREMENTS
The contents of the short form announcement are the responsibility of the Board of Directors of Super
Group Limited. It is only a summary of the information in the full announcement released on JSE
Limited's Stock Exchange News Service and does not therefore contain full or complete details.
Any investment decisions by shareholders and/or investors should be based on the full announcement
which can be accessed at https://senspdf.jse.co.za/documents/2023/JSE/ISSE/SPG/FY2023.pdf or
alternatively can be downloaded from the Group’s website at https://supergroup.co.za/latest-results/ or
requested from john.mackay@supergrp.com.
These Condensed Consolidated Financial Statements for the year ended 30 June 2023 have been
reviewed by EY Inc. (“the Auditor”), who expressed an unmodified review conclusion. The Auditor’s
Review Report does not necessarily report on all information contained in this announcement.
Shareholders and noteholders are therefore advised that in order to obtain a full understanding of the
nature of the Auditor’s engagement, they should obtain a copy of the Auditor’s Review Report together
with the accompanying financial information.


For and on behalf of the Board

Valentine Chitalu                                Peter Mountford
Chairperson                                      Chief Executive Officer

Sandton                                          Registered office
29 August 2023                                   27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor                                   Debt Sponsor
Investec Bank Limited                            FirstRand Bank Limited, acting through its Rand
                                                 Merchant Bank division




                                                                                                         2

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

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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.