Onelogix Group Limited (JSE:OLG) News - Condensed unaudited consolidated interim results for the six months ended 30 November 2021

OneLogix Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG
ISIN: ZAE000026399
("OneLogix" or "the company" or "the group")

Short-form announcement:
Condensed unaudited consolidated interim results for the six months ended 30 November 2021

Salient features
Revenue up 21% to R1,49 billion
EBITDA* up 14% to R213,7 million
EPS down 75% to 2,5 cps
HEPS down 89% to 1,1 cps
Core HEPS down 82% to 2,1 cps
NAV down 1% to 408,7 cps
NTAV down 2% to 337,7 cps
No dividend declared
* Calculated as operating profit plus depreciation and amortisation, hail damage claim costs, prior period
  retrenchment costs less profit on disposal of property, plant and equipment.

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement. The full announcement was released on SENS on Thursday,
3 February 2022 and can be found on the company's website at
https://onelogix.com/documents/interimResults/OneLogix-interim-results-booklet-2022.pdf and can also
be accessed using the following JSE link https://senspdf.jse.co.za/documents/2022/jse/isse/OLG/HY2022.pdf.
Copies of the full announcement may also be requested at the company's registered office and at the office
of the sponsor, at no charge, during office hours from Thursday, 3 February 2022 to Thursday, 10 February 2022.
Any investment decision should be based on the full announcement published on SENS and on the company's website.

As detailed in the trading statement published on 6 December 2021, the group has experienced a challenging
six months ended 30 November 2021 ("the period").

Our automotive logistics businesses continue to be hamstrung by depressed storage volumes due to global
supply chain disruptions impacting the supply and delivery of passenger and commercial vehicles. In addition,
the on-boarding of additional vehicle storage facilities as part of the third phase of the Umlaas Road logistics
hub "Umlaas Road Phase 3" contributed to an additional R32 million in lease-related costs in the period
compared to the prior period.

Notwithstanding this, some of the 13 group companies performed better than expected during the period.
Each business remains well positioned and inherently relevant with a strong business strategy, skilful,
resilient and innovative management teams together with a strong customer base that will ensure their
sustainability.

Dividend
Given the prevailing uncertain economic circumstances, the board has decided that no dividend will be
declared for the period (2021: Nil).

Prospects
Going forward, our strategy remains unaltered. We will continue to focus on extracting maximum efficiencies
from existing businesses in order to protect and grow their individual market shares in their respective niche
markets. The executive management team maintains full confidence in our experienced, stable management
teams with their proven entrepreneurial skills, and fully expects them to continue guiding our businesses
through the prevailing tough market conditions.

Notwithstanding the difficult market conditions, our tested business models have ensured that each group
business remains well-placed within its respective market and is well-equipped to both withstand economic
headwinds and to exploit emerging opportunities. New opportunities will include not only organic growth
but acquisitions and further start-up activity, all of which will be continually assessed in order to maximise
the growth of the group.

By order of the board

Ian Lourens
CEO

Geoff Glass
FD

3 February 2022

Directors
LJ Sennelo (Chairperson)*#
NJ Bester
GM Glass (FD)
AJ Grant*#
IK Lourens (CEO)
CV McCulloch (COO)
IM Pule*#
KV Ratshefola*#
K Schoeman*
* Non-executive
# Independent

Registered office
46 Tulbagh Road, Pomona
Kempton Park

PostNet Suite 10, Private Bag X27
Kempton Park, 1620

Company secretary
CIS Company Secretaries (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2191

PO Box 61673, Marshalltown, 2107

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2191

PO Box 61051, Marshalltown, 2107

Sponsor
Java Capital
6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196

PO Box 522606, Saxonwold, 2132






Date: 03-02-2022 07:30:00
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