enX Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
(“enX” or ‘’the Company’’ or ‘’the Group’’)


TRADING STATEMENT


 In terms of the JSE Listings Requirements, companies are required to publish a trading
 statement as soon as they are satisfied that a reasonable degree of certainty exists that the
 financial results for the period to be reported on next will differ by at least 20% from the
 financial results for the previous corresponding period.

 Shareholders are advised that the Company anticipates results for the year ended 31 August
 2022 (‘’Current Range’’) to differ by more than 20% compared to the year ended 31 August
 2021 (‘’Prior Period’’), as follows:

                                    Current Range       Prior Period       Percentage
                                                         (Restated)       change range
  enX Group
    EPS                               118c to 135c          165c          (19%) to (29%)
    Diluted EPS                       118c to 135c          165c          (19%) to (29%)
    HEPS                              255c to 276c          208c            23% to 33%
  Continuing
    EPS                               145c to 154c           89c           63% to 73%
    Diluted EPS                       145c to 154c           89c           63% to 73%
    HEPS                              155c to 164c           90c           73% to 83%
  Discontinued
    EPS                              (19c) to (27c)          76c
    Diluted EPS                      (19c) to (27c)          76c
    HEPS                             100c to 112c           118c          (6%) to (16%)


 Trading commentary
 Revenue from continuing operations is expected to increase by around 32%.
 Operating profit before net finance charges, earnings from our associate and impairments from
 continuing operations is expected to increase between 29% and 33% compared to the same
 period last year.
 Discontinued operations
 Current period
 The disposal of EIE Group Proprietary Limited (‘’EIE SA’’) to CFAO Holdings South Africa
 Proprietary Limited (‘’CFAO South Africa’’) was concluded on 1 April 2022. In line with IFRS
 5, EIE SA has been reported as an asset held for sale and discontinued operation from 31
 August 2021. enX was required to cease depreciation and amortisation and assess the
 carrying value of the held for sale assets relative to the transaction value. Consequently,
 depreciation and amortisation from 1 September 2021 to 31 March 2022 of R263 million (after
tax: R189 million) was not charged. The assets held for sale were impaired by R193 million
relative to the transaction value and a loss on disposal of R13 million was incurred.
The loss-making Austro Proprietary Limited (‘’Austro’’) was disposed of effective 30 June 2022
to Highest Mountain Proprietary Limited for R100 on an ‘’as is’’ basis. In line with IFRS 5,
Austro has been reported as an asset held for sale and discontinued operation from 26
February 2022. The assets held for sale were impaired by R24 million relative to the
transaction value and a loss on disposal of R7 million was incurred.
Prior period
The disposal of Impact Fork Trucks Limited (‘’Impact Handling (UK)’’), that was concluded on
14 June 2021, has been reported as an asset held for sale and discontinued operation from 1
February 2021. Consequently, depreciation and amortisation from 1 February 2021 to the
effective date of R113 million (after tax: R91 million) was not charged and a profit on disposal
of R33 million was made.
The prior period has been restated as to include EIE SA, Austro and Impact Handling (UK) as
discontinued operations in terms of IFRS 5. The Group EPS and HEPS remain unchanged
with only the split between continuing and discontinued operations having changed.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors.
27 October 2022
Sponsor:
The Standard Bank of South Africa Limited