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REVIEWED CONDENSED CONSOLIDATED RESULTS
FOR THE YEAR ENDED 30 JUNE 2023 AND DIVIDEND ANNOUNCEMENT
Registration number 1951/000799/06 | ISIN: ZAE000007480 | JSE share code: TPC
(“Transpaco” or “the company”)
A leading manufacturer and distributor of plastic and paper packaging products
NET ASSET VALUE PER SHARE 2 958 CENTS HEADLINE EARNINGS PER SHARE
UP 19,4% TO 567,8 CENTS TOTAL DIVIDEND PER SHARE 260,0 CENTS
FINANCIAL RESULTS DECLARATION OF ORDINARY DIVIDEND IN RESPECT OF THE YEAR ENDED
30 JUNE 2023
Reviewed Audited The board has declared a final gross cash dividend out of income reserves of 175,0 cents per
12 months 12 months
share, resulting in total dividends of 260,0 cents per share for the year ended 30 June 2023
June June %
2023 2022 change (June 2022: 215,0 cents per share). After applying the dividend withholding tax of 20% a net final
dividend of 140,00000 cents per share will be paid to those shareholders who are not exempt from the
Revenue (R' million) 2 591,1 2 338,0 10,8 dividends tax. The issued shares at the date of declaration is 29 939 388 ordinary shares. The Income
Operating profit (R' million) 252,5 222,8 13,3 Tax reference number is 9975/112/71/6.
Profit before taxation (R' million) 239,7 207,8 15,4
The salient dates for the dividend are as follows:
Earnings and diluted earnings per share (cents) 567,9 482,6 17,7
Last date to trade shares cum dividend Tuesday, 19 September 2023
Headline and diluted headline earnings per share
Shares trade ex-dividend Wednesday, 20 September 2023
(cents) 567,8 475,5 19,4
Record date Friday, 22 September 2023
Total gross dividend per share (cents) 260,0 215,0 20,9 Payment date Tuesday, 26 September 2023
Net asset value per share (cents) 2 958,0 2 627,0 12,6
Operating margin % 9,7 9,6 1,0 Share certificates may not be dematerialised or rematerialised between Wednesday, 20 September 2023
and Friday, 22 September 2023, both days inclusive.
Net interest-bearing debt: equity ratio (%) Net cash
positive 9,3 ADMINISTRATIVE INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the
INTRODUCTION information in the full announcement. The full announcement was released on SENS on 29 August 2023,
Transpaco’s pleasing performance, under challenging conditions is testament to the group’s resilience. and can be found on the company’s website at www.transpaco.co.za and on the following JSE link:
https://senspdf.jse.co.za/documents/2023/jse/isse/TPC/FYResults.pdf
Notwithstanding a flat economy, reduced consumer spend and the negative impact of excessive load
Any investment decision should be based on the full announcement published on SENS and on the
shedding, Transpaco’s results for the 12 months ended 30 June 2023 (“the year”) reflect operating profit
company’s website.
up 13,3% to R252,5 million (June 2022: R222,8 million) with an operating margin increase to 9,7%
(June 2022: 9,6%). Copies of the full announcement may be requested from the company secretary at
Hendrik@transpaco.co.za.
This translated into a 19,4 % growth in headline earnings per share (HEPS) to 567,8 cents (June 2022:
REVIEW BY INDEPENDENT AUDITOR
475,5 cents). The group’s auditor BDO South Africa Incorporated has reviewed the condensed consolidated
Group revenue increased by 10,8% to R2,6 billion (June 2022: R2,3 billion) from growth of 7,4% in the financial information for the year. The unmodified review report is available in the full announcement.
Plastics Division and 15,0% in the Paper and Board Division, both ahead of expectations. On behalf of the board
Notably, revenue in the first six months of the financial year is traditionally greater than in the second six DJJ Thomas PN Abelheim L Weinberg
months due to the seasonal nature of the business. Chairman Chief Executive Officer Chief Financial Officer
Load shedding during the second six months of the financial year was substantially greater than that of 29 August 2023
the first, which impacted negatively on the group’s performance. This resulted in extraordinary expenses,
DIRECTORS
including diesel spend of R6 million, exceptional repairs and maintenance, overtime and excessive scrap DJJ Thomas (Chairman)*; PN Abelheim (Chief Executive); L Weinberg (Chief Financial Officer);
levels. HA Botha**; SR Bouzaglou; SY Mahlangu**; SP van der Linde (Lead Independent Director)**
* Non-executive ** Independent non-executive
Transpaco’s healthy balance sheet is attributable to the group’s continued sound investment strategy,
Transpaco Limited Registration number: 1951/000799/06, Share code: TPC, ISIN: ZAE000007480
considered capital allocation and strict working capital management.
Auditors BDO South Africa Incorporated Company Secretary HJ van Niekerk
With the supply of plastic and paper raw material stabilised, Transpaco’s stock holding of raw material
Sponsor Investec Bank Limited
reduced comfortably.
Registered office 331 6th Street, Wynberg, Sandton Transfer secretaries Computershare Investor
The net interest-bearing debt-to-equity (gearing) position improved to net cash positive Services (Pty) Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg
(June 2022: 9,3%). Website www.transpaco.co.za
