TRELLIDOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “the Group”)


AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 JUNE 2023


1.   SALIENT FEATURES

     Revenue decreased by 2.1% to R502.0 million, from R513.2 million in the prior year.

     Headline earnings per share increased by more than 100% to 4.2 cents per share, from
     0.4 cents per share in the prior year.

     Earnings per share (“EPS”) increased by more than 100% to 3.7 cents per share, from
     0.4 cents per share in the prior year.

     Adjusting for the provision raised, in respect of the costs of implementing the Labour
     Appeal Court judgement, in the financial year ended 30 June 2022 (“FY22”), the EPS of
     3.7 cents in the current year compares to an adjusted FY22 EPS of 25.0 cents.

2.   DIVIDEND

     Given the current operating environment, weak financial performance and the current
     debt levels, the board of directors of the Company (“Board”) has deemed it prudent not
     to declare a final dividend in respect of the year ended 30 June 2023 (FY22: 0 cents per
     share).

     Once gearing has stabilised, consideration will be given by the Board as to the application
     of excess cash to share buybacks and the payment of a dividend, after investment in
     growth opportunities that achieve the Group’s targeted return on invested capital have
     been assessed.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information contained in the summarised consolidated
     audited financial statements (“Summary AFS”) and the consolidated audited annual
     financial statements (“Full AFS”) and does not contain full or complete details.

     The Summary AFS, together with the Full AFS can be found at:
     https://senspdf.jse.co.za/documents/2023/JSE/ISSE/TRLE/TRL_FY23.pdf

     The annual results have been audited by the Company’s auditors, PKF Durban, who
     expressed an unmodified audit opinion thereon. This auditor’s report is available, along
     with the Full AFS, on the Company’s website at https://holdings.trellidor.co.za/wp-
     content/uploads/2023/09/Trellidor-Holdings-AFS-2023.pdf.
     A copy of the Summary AFS are also available for viewing on the Company’s website at
     https://holdings.trellidor.co.za/wp-content/uploads/2023/09/TRL-FY23.pdf and copies of
     the Summary AFS and the Full AFS may be requested in person, at the Company’s
     registered office or the office of the sponsor during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full AFS, as a whole.

4.   WEBINAR

     Shareholders are advised that the Company will be hosting a webinar at 10:00 am today
     Thursday, 28 September 2023 to present the financial results to shareholders and the
     market. Please follow the below link to register for the webinar:
     TRL FY23 Results Presentation

Durban
28 September 2023

Sponsor
PSG Capital