WORLD-CLASS LOGISTICS & SUPPLY CHAIN SOLUTIONS




Short-form announcement:
AUDITED CONSOLIDATED ANNUAL RESULTS
FOR THE YEAR ENDED 31 MAY 2022
SALIENT FEATURES


            Revenue                              EBITDA                             EPS down 72%                         HEPS down 69%
   up 24% to R3,07 billion              up 12% to R411,3 million                      to 3,5 cps                              to 3,4 cps



    Core HEPS down 60%                        NAV down 1%                           NTAV down 2%
                                                                                                                       No dividend declared
           to 5,4 cps                         to 408,1 cps                           to 336,7 cps




OneLogix Group Limited
(Incorporated in the Republic of South Africa) (Registration number 1998/004519/06) JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the company” or “the group”)

This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement.
The full announcement was released on SENS on Thursday, 25 August 2022 and can be found on the company’s website at
https://www.onelogix.com/documents/annualResults/OneLogix-year-end-results-booklet-2022.pdf and can also be accessed using the
following JSE link https://senspdf.jse.co.za/documents/2022/jse/isse/OLG/FY2022.pdf. Copies of the full announcement may also be
requested at the company’s registered office and at the office of the sponsor, at no charge, during office hours from Thursday, 25 August
2022 to Thursday, 1 September 2022. Any investment decision should be based on the full announcement published on SENS and on
the company’s website.

This financial year has been difficult for OneLogix. Despite the country’s emergence from the restrictions of the protracted Covid-19
lockdowns, the local and regional economies remained comparatively listless. Within this sluggish economic environment, it has become
increasingly costly to conduct a logistics business in South and southern Africa, primarily due to the inability to recover various rising costs
from our value chain.
This trading scenario was exacerbated by the reduced economic activity during and after the civil unrest in KwaZulu-Natal in July 2021.
This was later compounded by the cyber-attack on Transnet’s operations which further curtailed the flow of goods into and out of South
Africa. The persistent violent protests on South Africa’s national road network continued to present a serious challenge, while the extensive
infrastructural damage caused by flooding in KwaZulu-Natal in April 2022 further aggravated an already strained trading scenario.
As previously reported, the hailstorm during September 2021, which mainly affected OneLogix VDS, caused considerable damage to a
few large shipments of passenger vehicles being processed into the Umlaas Road open staging facility at the time, resulting in the group
having to carry the risk for all minor repairs.
In addition, OneLogix VDS and to a lesser extent OneLogix TruckLogix experienced reduced storage volumes resulting from global supply
chain disruptions upon the completion of the new Umlaas Road phase 3 storage facility in January 2021.
The continued organisational and business process improvements at OneLogix UB and Buffelshoek, extended during the year to
particularly include OneLogix VDS and OneLogix Projex, and the careful and critical review of all strategic and operational aspects
continues in all other group businesses.
Notwithstanding these considerable headwinds, some of the group’s businesses performed above expectations and on balance each of
the group’s businesses remain well positioned in their respective markets with resilient and innovative management teams together with
a strong customer base that will ensure sustainability.

Dividend
After careful consideration and considering the prevailing circumstances, the board has decided that no dividend be declared for the year
(2021: Nil).

Prospects
Going forward, our strategy remains unaltered. Especially during these trying economic times, we will continue to focus on extracting
maximum efficiencies from existing businesses in order to protect and grow their individual market shares in their respective markets.
The executive management team maintains full confidence in our experienced, stable management teams with their proven skills and fully
expects them to continue guiding our businesses through the prevailing tough market conditions.
Notwithstanding the difficult market conditions, our tested and continually refined business models have ensured that each group business
remains well-placed within its respective market and is well-equipped to both withstand economic headwinds and to exploit emerging
opportunities. New opportunities will include not only organic growth but acquisitions and further start-up activity, all of which will be
continually assessed to maximise the growth of the group.
By order of the board
Ian Lourens                                     Geoff Glass
CEO                                             FD
25 August 2022

Directors                                       Registered office                                    Transfer secretaries
LJ Sennelo (Chairperson)*#                      46 Tulbagh Road, Pomona                             Computershare Investor Services (Pty) Ltd
NJ Bester                                       Kempton Park                                        Rosebank Towers, 15 Biermann Avenue
GM Glass (FD)                                   PostNet Suite 10, Private Bag X27                   Rosebank, 2191
AJ Grant*#                                      Kempton Park, 1620                                  PO Box X9000, Saxonwold, 2132
IK Lourens (CEO)
CV McCulloch (COO)                              Company secretary                                   Sponsor
IM Pule*#                                       CIS Company Secretaries (Pty) Ltd
KV Ratshefola*#                                 Rosebank Towers, 15 Biermann Avenue
K Schoeman*                                     Rosebank, 2191                                      6th Floor, 1 Park Lane, Wierda Valley,
* Non-executive # Independent                   PO Box X9000, Saxonwold, 2132                       Sandton, 2196

                                                                                                    PO Box 522606, Saxonwold, 2132


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