Enhanced Investments - Financial Portal

Trading Statement

Published: 2022-08-23 11:51:27 ET

THE BIDVEST GROUP LIMITED
(“Bidvest” or “The Group”)
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
JSE Share code: BVT
ISIN: ZAE000117321

TRADING STATEMENT

In accordance with Section 3.4(b) (i) of the JSE Listings Requirements, listed companies are required to publish
a trading statement as soon as they become reasonably certain that the financial results for the period to be
reported will differ by at least 20% from those of the previous corresponding period:
   Group headline earnings per share (HEPS) is expected to be between 18% and 22% higher compared to the
    prior year (FY2021: 1 198.4 cents), translating into a range of between 1 414 cents and 1 462 cents.
   HEPS from continuing operations, which excludes the disposed Bidvest Car Rental, is expected to be
    between 20% and 24% higher compared to the prior year (FY2021: 1 183.3 cents), translating into a range
    of between 1 420 cents and 1 467 cents.
   Normalised HEPS from continuing operations is expected to be 22% to 26% higher compared to the prior
    year (FY2021: 1 292.0 cents), translating into normalised HEPS of between 1 576 cents and 1 628 cents. This
    measure excludes acquisition costs, amortisation of acquired customer contracts, limited COVID-19
    expenses in the base and the impact of a higher corporate tax rate announced in the UK on Group deferred
    tax.
   Group basic earnings per share (EPS) and basic EPS from continuing operations are both expected to be
    between 28% and 32% higher compared to the 1 131.3 cents and 1 130.2 cents reported in the prior year,
    respectively. This is translating into a range of between 1 447 cents and 1 493 cents on both measures. This
    is the result of a capital profit on the disposal of a property compared to a capital loss in the base. The
    disposed Bidvest Car Rental was disclosed as a discontinued operation in the prior year.
The financial information on which this trading statement is based has not been reviewed and reported on by
the Group’s auditors. The Group expects its full year results to 30 June 2022 to be released on SENS on
5 September 2022.


Date: 23 August 2022
Johannesburg
Sponsor: Investec Bank Limited

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

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.