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CONDENSED UNAUDITED CONSOLIDATED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 30 JUNE 2023, CHANGES TO THE BOARD
COMMITTEES AND APPOINTMENT OF A CHIEF OPERATING OFFICER (“COO”)
SEGMENTAL CONTRIBUTION REVENUE EBITDA OPERATING CONSOLIDATED GROUP ASSESSED
64++A36
REVENUE (%)* (R’MILLION) (R’MILLION) PROFIT at B-BBEE Level 1 and South African
including (R’MILLION)
equity earnings subsidiaries at level 4 or better
13 905
453
Revenue increased
36%
R7.6 bn
597
324
METAIR INVESTMENTS LIMITED 31% to
529
(Incorporated in the Republic of South Africa) 64%
7 639
Operating profit
R324 m
(“Metair” or “the group” or “the company”)
2022 H1 5 822
300
2022 H1 144
(Reg No. 1948/031013/06) increased 124% to
JSE and A2X share code: MTA • ISIN: ZAE000090692 Energy storage
2022 FY
2023 H1
2022 FY
2022 H1
2023 H1
2022 FY
2023 H1
HEPS decreased
Automotive components*
* Includes Hesto 9% to 41 cps
Shareholders are advised to refer to the full interim results (which may be accessed via the links provided below) for commentary in respect of the results
for the six months ended 30 June 2023.
Six months ended Year ended
30 June 30 June 31 December Change HIGHLIGHTS
Financial Summary 2023 2022 2022 %
Unaudited Unaudited Audited
TURNOVER INCREASED BY
R’000 R’000 R’000
Revenue 7 639 052 5 821 975 13 905 467 31 31% TO R7.6 BILLION
Operating profit 323 594 144 379 452 708 124
EBITDA 536 053 327 913 825 659 63
Investor and analyst
EBITDA including equity earning, webcast of the presentation
before impairment 528 893 300 379 596 696 76 will be broadcast today,
Earnings/(loss) per share (cents) 48 41 (21) 17 14 September 2023
Headline earnings/(loss) per share (cents) 41 45 (17) (9) at 14h00 (SAST)
No. of shares in issue (’000) 198 986 198 986 198 986 – https://www.corpcam.com/Metair14092023
Net asset value per share (cents) 2 615 2 536 2 615 3
Cash (utilised in)/generated from operations (41 991) (359 695) 151 195 88
NO DIVIDEND IS BEING DECLARED FOR THE SIX MONTHS ENDED 30 JUNE 2023 (30 JUNE 2022: NIL)
CHANGES TO THE BOARD COMMITTEES AND APPOINTMENT OF A COO
• With effect from 13 September 2023, the company’s remuneration and nominations committees will be combined into one committee, the remuneration
and nominations committee. The remuneration and nominations committee will comprise of Ms N Mkhondo as the chairperson and Ms TN Mgoduso,
Mr MH Muell and Mr PH Giliam will serve as members;
• Ms N Medupe, has been appointed as a member of the investment committee, with effect from 13 September 2023; and
• Mr J Mouton has been appointed as the company’s COO on a fixed term contract, with effect from 1 October 2023. Mr Mouton served as the technical and
logistics director at the BMW Group plant in Rosslyn from 2018 to April 2023. Mr Mouton has a wealth of experience, over 40 years, in the motor manufacturing
and logistics industry gained through various leadership roles, including, inter alia, director of painted body and press plant at the BMW plant in Oxford and
Swindon (UK), vice president of body and press plant at the BMW Tiexi Plant in mainland China and assembly general manager at the BMW South Africa
Rosslyn plant. The board looks forward to Mr Mouton’s contribution to the company.
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company.
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. As the information in this announcement does not provide all of the details, any investment
decisions should be based on the full results available through the JSE cloudlink at: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/MTA/interim23.pdf
and on Metair’s website at: https://www.metair.co.za/wp-content/uploads/2023/09/Metair-Interims-Sept-2023-WEB.pdf.
An investor and analyst webcast of the interim results presentation will be broadcast live on Thursday, 14 September 2023 at 14h00 (SAST), which
presentation will be available on the company’s website: https://www.metair.co.za/wp-content/uploads/2023/09/Interim-2023-Presentation.pdf. Investors and
analysts are advised to utilise the following link to gain access to the webinar: https://www.corpcam.com/Metair14092023.
14 September 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: S Douwenga (CEO); A Jogia (CFO)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); B Mawasha (Lead Independent); PH Giliam;
N Medupe; NL Mkhondo; MH Muell (German); A Sithebe; S Sithole (Zimbabwean) (Alternate director to NL Mkhondo)
COMPANY SECRETARY: SM Vermaak
