Sharenet Sites 
Sharenet Sites
Trading Statement
Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
(“Bidcorp” or “the company” or “the group”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, Bidcorp is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that
the financial results for the half year ended December 31st 2020, will differ by at least 20% from those
of the previous corresponding half year ended December 31st 2019.
Shareholders are referred to the Q1 trading update provided to the market on November 17th 2020
and are further advised that:
Bidcorp has delivered a commendable result for the half year against a backdrop of the catastrophic
economic and social consequences of the ongoing COVID-19 pandemic (COVID) on the hospitality,
tourism, and leisure industries globally. Good asset management, excellent free cash flows, and
healthy profitability underpinned the pandemic affected results. The protection of our employees in
respect of their health, well-being, and where possible maintaining their livelihoods, as well as
ensuring the sustainability and preparedness of our businesses have remained our key priorities.
Performance for the financial year started relatively well, with most geographies seemingly coming
out of the worst of the COVID first wave, with a positive financial performance through July and
August, particularly in Europe and UK. This started deteriorating into September in the northern
hemisphere and worsened into Q2 with Europe and UK firmly in the grip of the harsh second wave.
Fortunately, Australia, New Zealand, and Asia have performed very well, and our other emerging
Markets constituents continued to improve on a month-to-month basis as the period progressed. This
gives us continued confidence that we will see a quick rebound in market conditions in all geographies
as social restrictions and containment measures start easing.
Headline earnings per share (HEPS) from continuing operations is expected to decrease by between
43% (415,1 cents per share) and 48% (378,7 cents per share) compared to the comparative half-year
period ended December 31st 2019 (728,3 cents per share), with basic earnings per share (EPS) from
continuing operations expected to decrease by between 35% (471,5 cents per share) and 40% (435,2
cents per share) compared to the comparative period ended December 31st 2019 (725,4 cents per
share).
It is expected that Bidcorp will release its results for the half year ended December 31st 2020 on or
about Tuesday, February 23rd 2021. The information above has not been reviewed and reported on
by the group’s auditors.
February 19th 2021
Johannesburg
Sponsor: The Standard Bank of South Africa Limited
Date: 19-02-2021 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.
