Onelogix Group Limited (JSE:OLG) News - Summary of the audited consolidated results for the year ended 31 May 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: Audited consolidated annual results for the year ended 31 May 2021 HIGHLIGHTS Revenue down 6% to R2,46 billion EBITDA up 5% to R366,1 million EPS down 13% to 12,5 cps HEPS down 35% to 11,1 cps Core HEPS down 39% to 13,6 cps NAV up 3% to 413,8 cps NTAV up 3% to 343,4 cps 3,8 million shares repurchased during year Sale and leaseback of Umlaas Road Phase 3 development concluded Agritrans acquisition successfully integrated No dividend declared 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, 26 August 2021 and can be found on the company's website at https://www.onelogix.com/pages/documents/annualResults/OneLogix-year-end-results-booklet-2021.pdf and can also be accessed using the following JSE link https://senspdf.jse.co.za/documents/2021/jse/isse/OLG/FY2021.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, 26 August 2021 to Thursday, 2 September 2021. Any investment decision should be based on the full announcement published on SENS and on the company's website. Notwithstanding the tough economic conditions and impact of the Covid-19 pandemic, each of the 13 group companies is in good health having weathered the protracted Covid-19 storm. Some have produced a profit improvement, while others remain inherently relevant with a strong underlying business strategy, skilful, resilient and innovative management teams together with a strong customer base that will ensure their sustainability. Dividend After careful consideration, the board has decided not to declare a dividend, as the group wishes to preserve its cash resources given prevailing uncertain market conditions and the need to expand and grow the business should the opportunities arise (2020: Nil). Prospects Trading conditions for all group companies are expected to remain difficult for the foreseeable future. Of particular concern is the stockholding volumes of many of the Original Equipment Manufacturers that have dropped significantly over the last six months, a scenario which is expected to continue for the foreseeable future. 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 unprecedented and 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. We expect acquisitive opportunities to continue, given the severity of the economic difficulties and we will continue to assess these appropriately together with further start-up opportunities. Financial summary Audited Audited year year ended ended % 31 May 31 May Notes change 2021 2020 Revenue (R000's) (6) 2 462 880 2 622 382 Profit for the period attributable to ordinary shareholders (R000's) (17) 28 315 34 196 Headline earnings (R000's) (38) 25 225 40 957 Core headline earnings (R000's) 1 (42) 30 759 53 187 Per share measures Basic and diluted basic earnings per share (cents) (13) 12,5 14,3 Headline and diluted headline earnings per share (cents) (35) 11,1 17,1 Core headline and diluted core headline earnings per share (cents) (39) 13,6 22,2 Net asset value per share (cents) 3 413,8 402,3 Net tangible asset value per share (cents) 3 343,1 334,6 Notes: 1. Headline earnings (as calculated based on SAICA Circular 1/2021) adjusted for the amortisation charge of intangible assets recognised on business combinations and charges relating to share-based payments. By order of the board Ian Lourens CEO Geoff Glass FD 26 August 2021 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 (Entrance at 39 Wierda Road West) Sandton 2196 Date: 26-08-2021 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.