Metair Investments Limited (JSE:MTA) News - Condensed unaudited consolidated results for the six months ended 30 June 2021

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Reg No. 1948/031013/06)
Share code: MTA   ISIN code: ZAE 000090692
("Metair" or "the company")

CONDENSED UNAUDITED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021

Post COVID-19 operating performance ahead of expectations

The health, safety and wellbeing of all employees and communities remains a top priority for Metair

Shareholders are advised to refer to the full interim results announcement (which may be accessed via the 
links provided below) for commentary inrespect of the results for the six months ended 30 June 2021.

                                               Six months ended       Year ended
                                            30 June       30 June     31 December
                                               2021          2020            2020
                                              R'000         R'000           R'000   Change
FINANCIAL SUMMARY                         Unaudited     Unaudited         Audited        % 
Revenue                                   5 934 173     3 880 043      10 234 706      53%   
Operating profit/(loss)                     544 821      (18 069)         560 662    3115%   
EBITDA before impairment                    701 149       138 879         891 134     405%   
HEPS (cents)                                    170          (56)             148     404%   
EPS (cents)                                     170         (112)              91     252%   
No. of shares in issue ('000)               198 986       198 986         198 986       0%   
Net asset value per share (cents)             2 023         2 128           2 133     (5%)   
Cash generated from operations              273 134       221 380       1 057 418      23%   

HIGHLIGHTS FOR THE PERIOD

  -  Cash generated from operations increased by 23% to R273 million
  -  Headline earnings per share increased by 404% to 170 cents per share

Investor and analyst webcast will be broadcast today, 19 August 2021

NO DIVIDEND IS BEING DECLARED FOR THE SIX MONTHS ENDED 30 JUNE 2021 (30 JUNE 2020: RNIL)

ADDITIONAL INFORMATION

This short-form announcement is the responsibility of the directors and is only a summary of the information 
in the full announcement and does not contain full or complete details. Shareholders are advised that the 
forecast financial information contained in this announcement has not been reviewed or reported on by the 
company's auditors and is the responsibility of the directors of the company. Any investment decisions by 
investors and/or shareholders should be based on the full announcement that has been published on SENS today, 
19 August 2021 (https://senspdf.jse.co.za/documents/2021/JSE/ISSE/MTA/Interim21.pdf) and is also available 
on our website: https://www.metair.co.za/wp-content/uploads/2021/08/Metair-Interims-Aug-2021-WEB.pdf.

The full announcement is also available at our registered office and our sponsor's office for inspection, at 
no charge, during office hours. The interim results presentation will be broadcast live today, 19 August 2021 
at 14h00 (SAST), which presentation will be available on the company's website: 
https://www.metair.co.za/wp-content/uploads/2021/08/Interim-2021-Presentation.pdf. Investors and analysts are 
advised to utilise the following link to gain access to the webinar: 
https://attendee.gotowebinar.com/register/4257982340604753166.

Registrars                                                                                       
Computershare Investor Services (Pty) Limited                                                    
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
19 August 2021

Sponsor                                                          
One Capital       

Investor relations
Instinctif Partners                                               

EXECUTIVE DIRECTORS: 
R Haffejee (CEO); S Douwenga (CFO)

INDEPENDENT NON-EXECUTIVE DIRECTORS: 
CMD Flemming (Chairman); B Mathews; B Mawasha;
TN Mgoduso (Lead Independent); N Mkhondo; MH Muell (German); 
A Sithebe; S Sithole (Zimbabwean); P Giliam

COMPANY SECRETARY: 
SM Vermaak


Date: 19-08-2021 07:05:00
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