SUPER GROUP LIMITED - Trading Statement and Operations Update

Trading Statement and Operations Update

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1943/016107/06)
Equity Share Code: SPG
Debt company code: BISGL
LEI: 378900A8FDADE26AD654
(“Super Group” or “the Group” or “the Company”)


TRADING STATEMENT AND OPERATIONS UPDATE


TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are required to publish
a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on will differ by more than 20% from that of the previous
corresponding period.

Accordingly, continuing review by management of the financial results for the year ending
30 June 2021 has indicated that:

                                Projected range          Actual
                                 30 June 2021         30 June 2020     Increase% vs Prior
                               (Cents per share)       (Cents per             Year
                                                         share)
                              Lower         Upper                       Lower       Upper
 Earnings per share           250,0         305,0         -52,1        580%        685%
 (EPS)
 Headline earnings per        248,0         303,0         151,2         64%        100%
 share (HEPS)

TRADING UPDATE

The following guidance is provided with regards to the expected financial results for the year
ending 30 June 2021:

                             Expected range             Actual         Increase% vs Prior
                              30 June 2021           30 June 2020             Year
 Revenue                     R36 807 million to      R34 578 million       6,4% to 26,5%
                              R43 764 million
 Operating profit            R1 907 million to       R1 578 million       20,8% to 46,5%
                              R2 312 million
 Profit before tax           R1 501 million to        R118 million      In excess of +1000%
                              R1 815 million

TRADING RESULTS FOR THE YEAR TO 30 JUNE 2021:

Revenue from operations reflects comparatively strong sales performances in Fleet Solutions
and Dealerships UK in particular. The Dealerships UK performance reflects good sales
demand over the four-month period to 5 November 2020 and subsequent to 11 April 2021,
although this comparison is being made to very low revenue numbers in the prior financial
year.

Emphasis remains strongly focused on effective cash generation and management of working
capital. Cash generated from operations has been very good. The Group has caught up with
all capital projects that were delayed as a result of the lockdowns in South Africa during the
previous financial year. The Group’s financial position is robust and net debt to equity
(gearing), excluding IFRS 16, which was 21,5% as at 31 December 2020, is expected to
decline further in the period to June 2021.

The focus remains on the potential finalisation of the LeasePlan transaction and organic
growth across the Group. The retention of existing contracts and the optimisation of business
solutions across a number of new customers in the Supply Chain and Fleet operations are
priorities.

PROSPECTS

Super Group recognized that the COVID-19 pandemic and related lockdowns would result in
long-term social-economic shifts and structural changes to the economy. The Group has
strategically reviewed all businesses and right-sized operations to make sure that business
models are relevant and appropriate to current levels of demand. The benefit of these
initiatives is manifesting strongly in both the Supply Chain Europe and South African
operations as well as Dealerships SA. The historically underperforming South African
Consumer and Convenience businesses and the European Supply Chain operations continue
to show significant financial improvement.

The financial information on which this trading statement is based on (and other information
contained in this announcement) has not been reviewed or reported on by Super Group’s
external auditors. This statement contains the views and forecasts of management at the time
of the publication.

The annual financial results of the Group for the year ending 30 June 2021 will be released
on 30 August 2021, with the investor presentation being hosted virtually at 11:00 on 31 August
2021.


Sandton                              Registered office
10 June 2021                         27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor
Investec Bank Limited

Debt Sponsor
Rand Merchant Bank (a division of First Rand Bank Limited)

Date: 10-06-2021 04:46:00
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