Enhanced Investments - Financial Portal

Summarised consolidated financial results for the year ended 30 June 2022

Published: 2022-09-21 08:05:58 ET

                                                   York Timber Holdings Limited
                                                   (Incorporated in the Republic of South Africa)
                                                   (Registration number: 1916/004890/06)
                                                   JSE share code: YRK
                                                   ISIN: ZAE000133450
                                                   (“York” or the “Company”)



SUMMARISED CONSOLIDATED FINANCIAL RESULTS
for the year ended 30 June 2022
                                                                   www.york.co.za
RESULTS OVERVIEW
•	Revenue down 5% to R1 839 million*
•	EBITDA (earnings before interest, taxation, depreciation, amortisation and fair
   value adjustment on biological assets) decreased by R104 million*
• Debt reduced by R133 million
•	Cash generated from operations decreased from R425 million* to R202 million
• Biological assets value down by 2%
• Net working capital increased by 21% to R142 million
•	Earnings per share decreased from 43 cents* to 9 cents per share
•	Headline earnings per share decreased from 42 cents* to 9 cents per share
•	Core earnings per share decreased from 40 cents* to 25 cents per share
•	Net asset value per share increased from 950 cents* to 952 cents per share
• No dividend has been declared for the year ended 30 June 2022 (2021: Rnil)

  * The prior year figures have been restated. Refer to note 34 to the annual
     financial statements.


ABOUT THIS SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the
Company and is only a summary of the information in the full announcement and
does not contain full or complete details. Any investment decision by investors
and/or shareholders should be based on consideration of the full announcement.
The full announcement is accessible via the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/YRK/FY2022SENS.pdf
and on the Company’s website at
http://www.york.co.za/downloads/Yorkyearend2022.pdf.
The consolidated and separate annual financial statements, from which
the full results announcement has been extracted, have been audited by
PricewaterhouseCoopers Inc., who expressed an unmodified audit opinion
thereon. The key audit matters contained in the auditor’s report are addressed
on pages 11 to 15 of the consolidated and separate annual financial statements,
which are available on the Company’s website at
http://www.york.co.za/downloads/auditedconsolidatedresults2022.pdf.
Copies of the full announcement may also be requested at the Company’s
registered office and the office of our sponsor, One Capital, at no charge, on
Mondays to Fridays, during office hours.


On behalf of the Board
Gabriël Stoltz
Chief Executive Officer and interim Chief Financial Officer

21 September 2022

Executive director: Gabriël Stoltz (CEO and interim CFO)
Non-executive directors: Nonzukiso Siyotula* (Chairperson), Dr Azar Jammine*,
Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh*, Andries Brink*, Andre van der Veen,
Lindani Dhlamini*, Alton Solomons, Adrian Zetler (* independent)
Registered office: York Corporate Office, 3 Main Road, Sabie, Mpumalanga
Postal address: PO Box 1191, Sabie, 1260
Auditor: PricewaterhouseCoopers Inc.
Company Secretary: Kilgetty Statutory Services (South Africa) Proprietary Limited
Sponsor: One Capital
Transfer secretaries: Computershare Investor Services Proprietary 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.
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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.

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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.