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Unaudited Condensed Consolidated Financial Results For The 6 Months Ended 31 August 2023
CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI
ISIN code: ZAE000035861
JSE preference share code: CPIP
ISIN code: ZAE000083838
(“Capitec” or “the Company” or “the
Group”)
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE
6 MONTHS ENDED 31 AUGUST 2023
1. SALIENT FEATURES
Operating profit before tax increased by 6% to R5.893 billion, from the restated R5.551
billion in the comparative period*.
Headline earnings per share increased by 9% to 4 072 cents, from the restated 3 738
cents in the comparative period*.
Earnings per share increased by 9% to 4 068 cents, from the restated 3 739 cents in the
comparative period*.
Interim ordinary dividends increased by 9% to 1 530 cents per share, from 1 400 cents
per share in the comparative period.
The net asset value (total equity) increased by 13% to R39.353 billion, from the restated
R34.813 billion in the comparative period*.
* Shareholders were informed in a SENS announcement published on 4 July 2023 that the group had
implemented the IFRS 17 Insurance contracts standard on 1 March 2023. IFRS 17 replaced IFRS 4
Insurance Contracts for annual periods beginning on or after 1 January 2023. IFRS 17 establishes the
principles for the recognition, measurement, presentation and disclosure of insurance contracts issued,
reinsurance contracts held, and in-substance reinsurance contracts issued through its cell captive
arrangements.
The implementation of IFRS 17 necessitated the restatement of the group earnings and headline earnings
per share for the 6 months ended 31 August 2022. Any adjustments to the carrying amounts of assets or
liabilities prior to the 2023 financial year were recognised as an adjustment to retained earnings on 1 March
2022. The 2023 financial year comparatives were restated.
2. DIVIDEND
The directors resolved that a gross interim dividend of 1 530 cents per ordinary share be
declared for the 6 months ended 31 August 2023 (31 August 2022: 1 400 cents) on
28 September 2023. The dividend will be paid on Monday, 23 October 2023. There are
116 099 843 ordinary shares in issue.
The dividend meets the definition of a dividend in terms of the Income Tax Act, Act 58 of
1962. The dividend amount, net of South African dividend tax of 20%, is 1 224 cents per
share. The distribution is made from income reserves. Capitec’s tax reference number is
9405376840.
Last day to trade cum dividend - Tuesday, 17 October 2023
Trading ex-dividend commences - Wednesday, 18 October 2023
Record date - Friday, 20 October 2023
Payment date - Monday, 23 October 2023
Share certificates may not be dematerialised or rematerialised from Wednesday,
18 October 2023 to Friday, 20 October 2023, both days inclusive.
In terms of the Company’s memorandum of incorporation, dividends will only be
transferred electronically to the bank accounts of certificated shareholders, as dividend
cheques are no longer issued. In instances where certificated shareholders do not
provide the transfer secretaries with their banking details, the dividend will not be
forfeited, but will be marked as ‘unclaimed’ in the dividend register until the shareholder
provides the transfer secretaries with the relevant banking details for payout.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (“Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/CPI/CPIHY24.pdf
The Full Announcement is also available for viewing on the Company’s website at
https://www.capitecbank.co.za/globalassets/pages/investor-relations/financial-
results/2024/interim-results/CPIHY24.pdf . In addition, electronic copies of the Full
Announcement may be requested and obtained, at no charge, from the Company at
InvestorRelations@capitecbank.co.za and from its sponsor, PSG Capital.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
4. RESULTS PRESENTATION
Shareholders are reminded that Capitec will be hosting a virtual presentation at
08:00 am SAST on Thursday, 28 September 2023 to present the results to investors.
Presentation details:
- View and listen mode
Links: https://www.capitecbank.co.za/investor-relations/financial-results/2024/ or
https://www.youtube.com/watch?v=HMDwcews76o
- Presentation slides will be available prior to the presentation at:
https://www.capitecbank.co.za/globalassets/pages/investor-relations/financial-
results/2024/interim-results/results-presentation-2024.pdf
Questions and Answers (“Q&A”) facility:
- A Q&A facility will be available during and after the presentation
- E-mail questions during or after the presentation to:
InvestorRelations@capitecbank.co.za
Stellenbosch
28 September 2023
Sponsor
PSG Capital
Date: 28-09-2023 07:05:00
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