TOYOTA FIN SERVICES (SA) LIMITED - BITOY - Trading Update

Toyota Financial Services (South Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1982/010082/06)
Company code: BITOY
('Toyota Financial Services' or the 'Issuer')


TRADING UPDATE


Toyota Financial Services is in the process of compiling its audited consolidated and separate annual
financial statements for the year ended 31 March 2022 ('FY2022') and wishes to provide a trading
update with regard to its financial performance for FY2022.


The Issuer hereby advises noteholders that a reasonable degree of certainty exists,that the Issuer
expects its operating profit before tax for FY2022 to be between R950 million and R990 million. This
will be an increase of greater than 100% in the Issuer operating profit before tax compared to the R18
million achieved for the year ended 31 March 2021.


The increase in the Issuer's operating profit before tax was driven by an increase in new business levels
over the prior year, with a corresponding reduction in arrear levels and reduced IFRS 9 related retail
impairments.


The financial information on which this trading update is based, has not been reviewed or reported
on by the Issuer's external auditors. The Issuer expects to release its audited financial statements for
FY2022 on or about 26 May 2022.

20 May 2022


Debt Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20-05-2022 10:30:00

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