AECI Limited (JSE:AFE) News - Summarised audited financial results, Board change and cash dividend for the year ended 31 December 2021

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1924/002590/06)
Share code: AFE   ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company or the Group)

Summarised audited consolidated financial results, Board change and
final cash dividend declaration for the year ended 31 December 2021

Revenue
+8% to R26 053m
Foreign & export revenue: 41% of total revenue

HEPS
+27% to 1 116c

EBITDA
+5% to R3 091m

Cash generated from operating activities
R1 467m

Profit from operations
+124% to R2 052m

Gearing
24% (1H21: 27%; FY20: 22%)

Final cash dividend of 505 cents per share declared
685 cents per share total dividend for ’21

Net debt:EBITDA https://senspdf.jse.co.za/documents/2022/JSE/ISSE/AFE/fy21.pdf

https://investor.aeciworld.com/s/2021-results-announcement.pdf

The annual financial statements including the audit opinion of the
external auditor, Deloitte & Touche, which sets out a key audit
matter and the basis for its unmodified opinion is available at:

https://investor.aeciworld.com/s/AECI2021fullafs.pdf

The contents of this short-form announcement are the responsibility
of the Board of Directors of AECI. This short-form announcement is
only a summary of the information in the full announcement and does
not contain full or complete details. This announcement is itself
not audited but extracted from audited results. Any investment
decisions made by investors and/or shareholders and/or noteholders
should be based on consideration of the full announcement as a
whole. Investors, shareholders and noteholders are encouraged to
review the full announcement which is available on SENS and on
AECI’s website. The full announcement is also available for
inspection at the registered office of AECI. Copies of the full
announcement are available to investors, shareholders and
noteholders at no charge. These copies can also be requested by
contacting the Group Company Secretary: C Singh, Private Bag X21,
Gallo Manor, 2052, cheryl.singh@aeciworld.com or
groupcommunications@aeciworld.com.

Registered Office
First floor, AECI Place, 24 The Woodlands, Woodlands Drive,
Woodmead, Sandton
Share transfer secretaries
Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2196
Computershare Investor Services plc, PO Box 82, The Pavilions,
Bridgwater Road, Bristol BS 99 7NH, England

Sponsor and Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Cnr Fredman Drive and Rivonia Road, Sandton, 2196

Directors
KDK Mokhele (Chairman), SA Dawson*, FFT De Buck, WH Dissinger**, MA
Dytor (Chief Executive), G Gomwe †, KM Kathan (Executive),
PM Mishic O’Brien ‡, R Ramashia, AM Roets, PG Sibiya
* Australian ** German † Zimbabwean ‡ American

aeciworld.com

Date of release on SENS: 2 March 2022

Date: 02-03-2022 07:05:00
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