Enhanced Investments - Financial Portal

Unaudited Interim Results for the six months ended 31 August 2022 and Dividend Declaration

Published: 2022-11-07 08:15:33 ET

Raubex Group Limited
(Incorporated in the Republic of South Africa)
Registration number 2006/023666/06
Share Code: RBX
ISIN Code: ZAE000093183
("Raubex" or "the Group")

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2022
AND DIVIDEND DECLARATION

FINANCIAL HIGHLIGHTS
- Revenue increased 23.2% to R7.38 billion (H1 2022: R5.99 billion)
- Operating profit increased 26.4% to R550.3 million (H1 2022: R435.2 million)
- Headline earnings per share increased 16.1% to 159.0 cents per share (H1 2022: 137.0 cents per share)
- Earnings per share increased 15.1% to 161.8 cents per share (H1 2022: 140.6 cents per share)
- Cash generated from operations increased 145.7% to R589.3 million (H1 2022: R239.9 million)
- Net asset value of R5.41 billion (2022: R5.22 billion)
- Capital expenditure of R394.5 million (H1 2022: R287.3 million)
- Order book of R16.40 billion (2022: R17.13 billion)
- Interim dividend of 53 cents per share declared (H1 2022: 47 cents per share)

Felicia Msiza, CEO of Raubex Group, commented:
"Our teams navigated tough macroeconomic and inflationary pressures as well as supply chain constraints
 to achieve a pleasing Group performance, supported by all four divisions.

 The Group strategy to diversify into Australia, PPP's and Mining is proving successful. These initiatives were
 key contributors to the robust results with Australia continuing its solid performance from last year.

 Our talented teams and strength in leadership underpin our ability to extract further value from the portfolio,
 as we deliver on our secured order book and leverage our healthy balance sheet to build on our
 diversification efforts."

Web link to full results announcement:
https://senspdf.jse.co.za/documents/2022/jse/isse/RBX/2022H1.pdf

The full announcement is available through the following web link:
https://www.raubex.com/index.php/investor-relations/financial-results

Copies of the full announcement may also be requested from investor.relations@raubex.com

The directors are responsible for the preparation and fair presentation of the unaudited consolidated
interim results for the period ended 31 August 2022.

The short-form announcement is a summary of the information included in the full announcement, and
any investment decision should be based on the full announcement.

A webcast presentation of the interim results will take place on Monday, 7 November 2022 at 10:00 a.m.
and can be accessed via the following web link: https://www.corpcam.com/Raubex07112022

DIVIDEND DECLARATION
The board has declared a gross interim cash dividend from income reserves of 53 cents per share on
2 November 2022 for the period ended 31 August 2022. The salient dates for the payment of the dividend
are as follows:

Last day to trade cum dividend             Tuesday, 29   November   2022
Commence trading ex dividend             Wednesday, 30   November   2022
Record date                                  Friday, 2   December   2022
Payment date                                 Monday, 5   December   2022

No share certificates may be dematerialised or rematerialised between Wednesday, 30 November 2022
and Friday, 2 December 2022, both dates inclusive.

In terms of Dividends Tax ("DT"), the following additional information is disclosed:
- The local DT rate is 20%.
- The number of ordinary shares in issue at the date of this declaration is 181 750 036.
- The dividend to utilise for determining the DT due is 53 cents per share.
- The DT amounts to 10.6 cents per share.
- The net local dividend amount is 42.4 cents per share for shareholders liable to pay the DT.
- Raubex Group Limited's income tax reference number is 9370/905/151.

In terms of the DT legislation, the DT amount due will be withheld and paid over to the South African
Revenue Services by a nominee-company, stockbroker or Central Securities Depository Participant
(collectively "Regulated Intermediary") on behalf of shareholders. All shareholders should declare their
status to their Regulated Intermediary, as they may qualify for a reduced DT rate or exemption.

On behalf of the board
LA Maxwell
Chairman (Acting)

NF Msiza
Chief Executive Officer

DC Lourens
Chief Operating Officer

SJ Odendaal
Financial Director

Registered office
Building No 1
Highgrove Office Park
50 Tegel Avenue
Centurion
South Africa

7 November 2022
Centurion

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.

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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.