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Trading statement for six months ended 30 June 2022

Published: 2022-08-11 06:00:00 ET

ADvTECH Limited (JSE:ADH) News - Trading statement for six months ended 30 June 2022

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the group”)


TRADING STATEMENT FOR SIX MONTHS ENDED 30 JUNE 2022

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is required to
publish a trading statement as soon as it becomes reasonably certain that the financial results for the next
reporting period will show a 20% or more difference from that of the previous corresponding period.

The group reports normalised earnings per share ("NEPS") as a way of excluding the effect of one-off
transactions and corporate action costs from its results.

NEPS for the six months ended 30 June 2022 is expected to be between 19% and 24% higher than the
comparative reporting period for the six months ended 30 June 2021 ("the comparative period") or
between 65.6 and 68.3 cents per share as compared to 55.1 cents per share (restated from 54.6 cents per
share) in the comparative period.

Headline earnings per share is expected to be between 20% and 25% higher than the comparative period
or between 66.1 and 68.9 cents per share as compared to 55.1 cents per share (restated from 54.6 cents
per share) in the comparative period.

Earnings per share ("EPS") for the six months ended 30 June 2022 is expected to be between 16% and
21% higher than the comparative period or between 66.7 and 69.6 cents per share as compared to 57.5
cents per share (restated from 56.9 cents per share) for the comparative period.

As disclosed in the annual financial statements for the year ended 31 December 2021, shares held by the
management share incentive scheme were reclassified as treasury shares. This resulted in a restatement
of the weighted average number of shares in the comparative period. There were no changes to the
earnings for the comparative period.

Based on the previously published NEPS of 54.6 cents per share for the comparative period, ADvTECH
expects an increase of between 20% and 25% in NEPS. Based on the previously published HEPS of 54.6
cents per share for the comparative period, ADvTECH expects an increase of between 21% and 26% in
HEPS. Based on the previously published EPS of 56.9 cents per share for the comparative period, ADvTECH
expects an increase of between 17% and 22% in EPS.

The financial information on which this trading update is based has not been reviewed or audited by the
group’s external auditors.

ADvTECH expects to release results for the six months ended 30 June 2022 on the JSE’s Stock Exchange
News Service on or about Monday, 29 August 2022.

11 August 2022
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 11-08-2022 08:00:00
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Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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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.
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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.