NETCARE LIMITED - Netcare Limited Group Results for the year ended 30 September 2020

Netcare Limited Group Results for the year ended 30 September 2020

Netcare Limited 
("Netcare", "the Company" or "the Group") 
Registration number: 1996/008242/06 
(Incorporated in the Republic of South Africa) 
JSE ordinary share code: NTC  
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121

Netcare Limited Group Results
for the year ended 30 September 2020

- Group EBITDA down to R2.6 billion (pre-IFRS 16: R2.1 billion)
- Adjusted HEPS down to 32.5 cents (pre-IFRS 16: 47.6 cents)
- R5.6 billion cash resources and committed undrawn facilities at 30 September 2020

Group financial information

                                                          Year ended
                                              30 September      30 September            %    
                                                      2020              2019       change    
Rm                                                                                           
Statement of profit or loss                                                                  
Revenue                                             18 843            21 589        (12.7)   
EBITDA before items below                            2 558             4 388        (41.7)   
Exceptional items1                                     174               128                 
EBITDA                                               2 732             4 516        (39.5)   
Operating profit                                     1 567             3 768        (58.4)   
Profit for the year                                    439             2 478        (82.3)   
Statement of financial position                                                              
Total assets                                        25 944            21 415         21.1    
Total liabilities                                   16 145            11 180         44.4    
Total shareholders' equity                           9 799            10 235         (4.3)   
Net debt (excluding lease liabilities)               6 423             5 114         25.6    
Earnings and dividends per share (cents)                                                     
Basic earnings per share                              28.3             176.7        (84.0)   
Diluted earnings per share                            28.1             175.0        (83.9)   
Headline (loss)/earnings per share                    (3.6)            165.9       (102.2)   
Adjusted headline earnings per share                  32.5             171.2        (81.0)   
Dividend per share                                       -             111.0                 

1. 2020 includes R522 million profit on disposal of investment in associate and R348 million share-based 
   payment expense on B-BBEE transaction. 2019 includes the realisation of a foreign currency 
   translation reserve.                                                     

Netcare's independent auditor, Deloitte & Touche, has issued its opinion on the consolidated financial statements 
for the year ended 30 September 2020 which can be accessed via the Netcare Investor Relations website at
www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results. Deloitte & Touche has issued an unmodified 
opinion and the audit report included key audit matters relating to the adoption of IFRS 16: Leases and revenue 
recognition.
 
This short-form announcement is the responsibility of the directors of the Company. This short-form announcement 
is only a summary of the full announcement, which is published on the Company's website on
www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, and does not contain complete or full 
details. Any investment decisions by investors and/or shareholders should be based on consideration of the 
full announcement. This short-form announcement is extracted from audited results but is itself not audited.
 
The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2020/jse/isse/NTC/ye2020.pdf.
 
The consolidated financial statements (including the key audit matters) can be accessed via the Netcare website 
on www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.  

23 November 2020

www.netcare.co.za

Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010 

Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer) 

Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, KD Moroka  

Company Secretary: C Vikisi 

Sponsor: Nedbank Corporate and Investment Banking, 135 Rivonia Road, Sandown, 2196 

Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 
33 Ballyclare Drive, Bryanston

Tel: 011 100 8352 

Investor relations: ir@netcare.co.za

Date: 23-11-2020 08:00:00
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