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Voluntary Trading Statement in respect of the six months ended 31 March 2022
Transaction Capital Limited TransCapital Investments Limited
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06 Registration number: 2016/130129/06
JSE share code: TCP Bond company code: TCII
ISIN: ZAE000167391 LEI: 378900AA31160C6B8195
(“Transaction Capital” or “the group”)
VOLUNTARY TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 MARCH 2022
Transaction Capital advises shareholders that basic earnings, basic earnings per share (EPS), headline earnings
and headline earnings per share (HEPS) are expected to be within the following ranges for the six months
ended 31 March 2022:
Six months ended Six months ended Six months ended
31 March 2022 31 March 2022 31 March 2021
Expected Expected Actual
number range percentage range reported
Continuing earnings(1)
Core headline earnings(1) R594m to R616m 36% to 41% R437m
Core HEPS1 82.5 cents to 85.5 cents 26% to 31% 65.5 cents
Basic earnings R463m to R485m 8% to 13% R429m
Basic EPS 64.2 cents to 67.4 cents 0% to 5% 64.3 cents
Headline earnings R463m to R485m 6% to 11% R435m
HEPS 64.2 cents to 67.4 cents -2% to 3% 65.2 cents
Total earnings
Core headline earnings(1) R593m to R615m 38% to 43% R430m
Core HEPS(1) 82.4 cents to 85.5 cents 28% to 33% 64.5 cents
Basic earnings R463m to R484m 10% to 15% R421m
Basic EPS 64.2 cents to 67.3 cents 2% to 7% 63.1 cents
Headline earnings R463m to R484m 8% to 13% R428m
HEPS 64.2 cents to 67.3 cents 0% to 5% 64.2 cents
1. Core headline earnings from continuing operations is a non-IFRS measure which excludes gains/losses, costs and adjustments
associated with acquisitions and disposals of investments. Core adjustments for the period ended 31 March 2022 relate to
transaction costs of R5 million for the acquisition of an additional 25% of WeBuyCars by Transaction Capital Motor Holdco (Pty)
Ltd (TCMH), as well as adjustments relating to the written put option over non-controlling interests in WeBuyCars (R125 million
imputed interest charge). It is management’s view that the most appropriate metric to measure performance for the six months
ended 31 March 2022 is core HEPS from continuing operations.
Transaction Capital’s performance in the six months ended 31 March 2022 has been strong and in line with
our expectation. Based on our current assessment of operating conditions and growth prospects, we expect
core headline earnings per share in the 2022 financial year (FY2022) to exceed FY2021 core HEPS at a rate
higher than pre-pandemic growth rates. This performance is supported by a steady recovery by SA Taxi and
high-growth earnings from WeBuyCars and Transaction Capital Risk Services (TCRS), which are both on track
to grow at a rate higher than prior years.
Shareholders are advised that the information contained in this announcement has not been reviewed or
reported on by the group’s auditors.
RESULTS ANNOUNCEMENT
Transaction Capital’s results for the six months ended 31 March 2022 will be released on SENS on Wednesday,
18 May 2022.
Hyde Park
9 May 2022
Enquiries:
Nomonde Xulu - Investor Relations
Email: nomondex@transactioncapital.co.za
JSE Sponsor and Equity Markets Broker: Investec Bank Limited
JSE Debt Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09-05-2022 05:45:00
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