Caxton And Ctp Publishers And Printers Limited · JSE:CAT
Caxton And Ctp Publishers And Printers — FY2025 Earnings Presentation
29 slides from Caxton And Ctp Publishers And Printers's earnings presentation, October 2025
Slide 1: Financial Results Year Ended 30 June 2025
Financial Results Year Ended 30 June 2025 October 2025
Slide 2: Company overview
Company overview • Terry Moolman and partners acquired control in 1977. • Major player in the South African print media industry. • Prominent regional and local newspaper publishers including national daily newspaper “The Citizen”. • Growing manufacturer and supplier of packaging products. • Manufac
Slide 3: Caxton and CTP Printers and Publishers Limited
Caxton and CTP Printers and Publishers Limited Operations management Major investments and Cash and cash equivalents associates Packaging and stationary Printing, publishing and distribution Packaging Stationary Newspaper Book and Commercia publishing magazine l printing printing Packaging (Kaya FM)
Slide 4: Caxton executive directors
Caxton executive directors Terry D Moolman | Founder and CEO Terry and his partners bought control of Caxton and CTP Publishers and Printers Limited in 1977, when the market capitalisation was R260 000, and has been the Chief Executive Officer ever since. Tim JW Holden | MD & FD BCom, CA(SA) Tim joi
Slide 5: Key business milestones
Key business milestones Acquisition of Cape Litho Acquisition of HP labels Printing (R22m) and J Ryan (R24m) and Boland Printers Labels (R34m) to expand (R78m) to expand the label printing capabilities label packaging Investment in Octotel and capabilities Acquisition of Nampak provide loan capital
Slide 6: Key business milestones
Key business milestones Investment in Mpact Limited (R656,1m), bringing Acquisition of Boxes for shareholding to 31.6% Africa (R25m) to expand packaging capabilities Additional investment in Disposal of investments in Further investment in Investment in Private Cognition Holdings (R90m) Octotel and
Slide 7: Key business milestones
Key business milestones Acquired the remaining shareholding and delisted in June 2024 (R60,2m) Acquisition of remaining 33% of Capital Media Acquired further 5% of Thebe (R14m) Acquisition of Allflex (Kaya FM), bringing total Acquisition of remaining Packaging (R20,1m) shareholding to 22.6% 50% shar
Slide 8: Key business milestones
Key business milestones Acquisition of Tidy Files (R15m) Further acquisition of shares bringing Acquisition of GR Packaging shareholding to 34.9% (R11m) – effective 1 October (R53,1m) 2025 2025 2026
Slide 9: Financial review
Financial review For year ended 30 June 2025
Slide 10: A year in review
A year in review Good results in challenging conditions Continued investment in growth • R321m gross investment in plant and equipment • Year characterised by limited to no volume growth in a competitive market − Completion of solar investment – annualised saving of R24m • Operational efficiencies e
Slide 11: Ten-year review
Ten-year review 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Revenue (Rm) 6 709 6 647 6 975 5 979 5 220 5 572 6 321 6 334 6 407 6 405 Operating profit before depreciation and amortisation (EBITDA) (Rm) 828 927 981 828 563 350 654 759 749 762 Finance Income (Rm) 255 233 152 142 87 127 140 124 14
Slide 12: Key financial metrics
Key financial metrics (excluding prior year once off insurance receipt of R173m (R131m after tax)) Operating costs increased by R4m to Group revenue of R6,71bn EBITDA up by R74m to R828m R5,97bn 0.9% 9.8% Net asset value per share has grown to Cash generated by operating activities Normalised headli
Slide 13: Key financial trends (excluding 2024's once off insurance receipt)
Key financial trends (excluding 2024’s once off insurance receipt) Revenue EBITDA HEPS 8 000 1 200 200 189 6 975 179 7 000 6 647 6 709 180 981 157 160 5 979 1 000 160 6 000 828 828 5 220 754 140 800 5 000 120 Cents 563 Rm 100 Rm 4 000 600 75 80 3 000 400 60 2 000 40 200 1 000 20 - 0 - 2021 2022 2023
Slide 14: Key financial trends
Key financial trends Cash on hand Working capital Capex 3 500 3500 350 3 025 3000 3 000 300 2500 92 2 506 250 92 2 500 2000 48 1 989 1500 200 1 888 Rm 2 000 64 1 664 1000 150 84 1 500 500 229 100 207 219 0 1 000 142 -500 2021 2022 2023 2024 2025 50 98 500 -1000 - -1500 2021 2022 2023 2024 2025 - 202
Slide 15: Group returns
Group returns Profit from operating activities before Net asset value per share depreciation, amortisation and tax (excluding once-off insurance proceeds in prior years) 1 000 000 12,00 900 000 22.3% 10,70 10,45 24.7% 23.1% 10,26 800 000 20.3% 10,00 9,02 8,56 700 000 8,00 7,59 600 000 19.5% 6,99 Rm
Slide 16: Publishing, printing and distribution
Publishing, printing and distribution
Slide 17: Publishing, printing and distribution
Publishing, printing and distribution 55,7% 44,3% Newspaper Commercial Book and magazine publishing printing printing R 3 736 R 2 973 30 June 2025 30 June 2024 % Revenue 2 973 2 947 0.9% Publishing, printing and Distribution Packaging and Stationery EBITDA 365 343 6.4% Profit from operations 271 242
Slide 18: Publishing, printing and distribution
Publishing, printing and distribution Newspaper publishing • Continued subdued environment • Cognition had a stellar year, driven by cost reductions and revenue growth in the incentive division • Advertising inserts from national retailers declined by 3% (mainly home improvements, DIY and electronic
Slide 19: Publishing, printing and distribution
Publishing, printing and distribution Commercial printing (web and gravure) • Tonnages declined by 6.7% in commercial plants, while newspaper printing tonnages remained stable as customers moved between the different printing formats • Some retailers have removed printing totally, and others have re
Slide 20: Publishing, printing and distribution
Publishing, printing and distribution Book and magazine printing • Difficult conditions remain with the loss of Media24 magazine printing and no clear way forward in textbook printing volumes • The proposed rewrite of the Foundation Phase curriculum was delayed, with still no clear view of timing
Slide 21: Packaging and stationery
Packaging and stationery _
Slide 22: Packaging and stationery
Packaging and stationery 55,7% 44,3% Packaging Stationery R 3 736 R 2 973 Segment performance 30 June 2025 30 June 2024 % Publishing, printing and Distribution Packaging and Stationery Revenue 3 736 3 701 1.0% • Excellent performance in a competitive market EBITDA 567 492 15.2% Profit from operation
Slide 23: Packaging and stationery
Packaging and stationery Packaging Stationery • QSR market showed marginal recovery driven by value • Excellent year driven by the successful integration of the meal offerings Tidy Files business • Investment behind the cup and bucket product offering in progress • FMCG sector remains under pressure
Slide 24: Strategy
Strategy
Slide 25: Strategy
Strategy Invest and grow in the packaging Maximise value from publishing, Focused cash management and sector printing and distribution business expeditious capital allocation Identify growth opportunities Simplify and extract value Simplify and extract value Continue to allocate cash through complem
Slide 26: Successful expansion of packing business through acquisition, investment in equipment and product development
Successful expansion of packing business through acquisition, investment in equipment and product development (Revenue Rm) 2022 2023 2024 2025 46,4% 50,9% 55,7% 55,7% R2 772 R3 548 R 3 701 R3 736 53,6% 49,1% 44,3% 44,3% R3 425 R2 973 R3 207 R 2 947 Packaging and stationery Publishing, printing and d
Slide 27: Outlook
Outlook
Slide 28: Outlook
Outlook The market Opportunities • No expectation in economy improving, thus no / limited volume growth • New markets • Continue focus on purchasing and costs − Beverage • Raw material - pricing is stable and no constraints on availability − Cork tipping for cigarette market • Costs − Bucket and cup
Slide 29: Questions
Questions
Caxton and CTP Publishers and Printers — FY2025 Earnings Presentation on 6ix