Slide 1: Results Presentation
RESULTS PRESENTATION For the year ended 30 June 2023 2023
Slide 2: Focused market growth strategy delivered exceptional results
Focused market growth strategy delivered exceptional results PERFORMANCE HIGHLIGHTS Peter Mountford
Slide 3: FY2023 Performance Highlights
FY2023 PERFORMANCE HIGHLIGHTS Managing extreme market volatility to deliver a strong performance Revenue increased by EBITDA increased by Operating profit increased by Profit before taxation 30.6% to 20.8% to 20.7% to increased by 18.7% to R61.88 billion R8.49 billion R3.95 billion R2.97 billion (Ju
Slide 4: Excellent track record of sustainable profit growth
Super Group has an excellent track record of sustainable profit growth SUSTAINABLE VALUE CREATION Peter Mountford
Slide 5: FY2023 Performance Highlights
FY2023 PERFORMANCE HIGHLIGHTS Financial performance significantly exceeds that of the pre-Covid levels Financial Performance R61.88 billion 63% Revenue R37.86 billion R8.49billion 126% EBITDA R3.76billion R2.97billion 32% Profit before tax R2.26billion 472.9 cents 31% Earnings per share 360.8 cents
Slide 6: Mitigating risk and leveraging opportunities in volatile markets
Mitigating risk and leveraging the opportunities inherent in volatile markets OPERATING CONTEXT Peter Mountford
Slide 7: Global Trends Impacting Our Markets
GLOBAL TRENDS IMPACTING OUR MARKETS Mitigating risk and leveraging the opportunities inherent in volatile markets Macroeconomic volatility Digitisation and the rise of Artificial Intelligence (AI) - High inflation and a steep rise in interest rates - AI, machine learning, automation and digitisation
Slide 8: The Group's competitiveness: Divisional Reviews
The Group’s competitiveness was evidenced in significant new client wins, contract renewals and market share gains DIVISIONAL REVIEWS Peter Mountford
Slide 9: International vs South African Operations (June 2023)
INTERNATIONAL VS SOUTH AFRICAN OPERATIONS (JUNE 2023) Revenue contribution per region 3% 15% 7% 2% • Super Group’s international operations 27% 46% contributed 54% of the sales revenue (June 2022: 52%) and 56% of South Africa United Kingdom Australia operating profit (June 2022: 53% Europe New Zeala
Slide 10: Segmental Analysis
SEGMENTAL ANALYSIS June 2023 June 2022 Revenue Revenue 23.0% 21.4% 42.5% 34.5% 42.6% 36.0% Supply Chain Dealerships Fleet Solutions Supply Chain Dealerships Fleet Solutions Operating profit Operating profit 50.8% 47.1% 30.0% 34.7% 18.2% 19.2% Supply Chain Dealerships Fleet Solutions Supply Chain Dea
Slide 11: Net Operating Assets and RNOA
NET OPERATING ASSETS AND RNOA The Group’s RNOA for the year ended 30 June 2023 is 10.2% (June 2022: 10.3%) Group WACC is 7.0% (June 2022: 6.3%) 9,731 8,290 7 980 6 989 2 076 2 723 2 197 1 562 1,491 1 649 906 988 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 SC Africa SC Europe Fleet Af
Slide 12: Supply Chain
Agility enabled the Group to successfully respond to shifting consumer demands and market dynamics SUPPLY CHAIN Peter Mountford
Slide 13: Supply Chain Africa
SUPPLY CHAIN AFRICA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 13
Slide 14: Supply Chain Africa
SUPPLY CHAIN AFRICA Technology based solutions contributed to significant new client wins Revenue (R’m) 17,805 Highlights 12,871 8 995 • Revenue increased by 38.3% and operating 11,042 profit increased by 48.7%. 6 950 5 794 • Operating margin increased from 6.6% to 7.1% 8 810 and profit before tax i
Slide 15: Supply Chain Europe
SUPPLY CHAIN EUROPE FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 15
Slide 16: Supply Chain Europe
SUPPLY CHAIN EUROPE Operational enhancements delivered growth Revenue (R’m) Highlights 4,483 3,498 3,449 • Ongoing evolution of the business model to 2 281 ensure relevant services and optimised cost 1 639 1 746 structures. • Operational enhancements key to growth: 1 859 2 202 - consolidation of shi
Slide 17: Fleet Solutions
The LeasePlan integration progressed well, with a focus on further benefit extraction FLEET SOLUTIONS Peter Mountford
Slide 18: SG Fleet
SG FLEET FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 18
Slide 19: SG Fleet
SG FLEET Customer wins and orders result in steady growth Revenue (R’m) 12,144 Highlights 9,824* 6 208 • Performance benefited from strong order growth and improving supply levels. 5,523 5,136 • Customer wins also contributed to strong 2 699 growth, with the order book again outpacing 5 936 4 688 de
Slide 20: Fleet Africa
FLEET AFRICA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 20
Slide 21: Fleet Africa
FLEET AFRICA Good growth in ad hoc volumes on existing contracts Revenue (R’m) 1,076 1,089 Highlights 933 539 509 • Produced solid results, with good growth 520 in ad hoc rental volumes on existing contracts. • Underpinned by innovative technology, 537 580 413 efforts to secure new business outside
Slide 22: Dealerships
A steady improvement in new vehicle availability DEALERSHIPS Peter Mountford
Slide 23: Dealerships SA
DEALERSHIPS SA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 23
Slide 24: Dealerships SA
DEALERSHIPS SA New vehicles sales strongly outperform NAAMSA Revenue (R’m) Highlights 10,597 9,254 8,234 • NewHighlights vehicle sales volume increased by 19.1%, 5 279 strongly outperforming NAAMSA. 4 757 3 953 • Produced Operating solid profit results,by increased with goodand 20.7% growth operatin
Slide 25: Dealerships UK
DEALERSHIPS UK FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 25
Slide 26: Dealerships UK
DEALERSHIPS UK Growing footprint in key brands and locations Revenue (R’m) 15,753 Highlights • Footprint continued to grow as a result of 10,283 10,891* 9,006 strategic acquisitions in selected brands and 4 947 key locations. 6,286 • Reported a 29.1% increase in profit before 6,747 tax, despite the
Slide 27: The Group delivered an outstanding financial performance
The Group delivered an outstanding financial performance REVIEWED FINAL RESULTS Colin Brown
Slide 28: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Year ended Year ended 30 June 2023 30 June 2022 R’million Reviewed Restated* Change Highlights Revenue 61 876.8 47 372.4* 30.6% EBITDA 8 491.8 7 027.0 20.8% • LeasePlan contribution Depreciation and amortisation (4 545.5) (3 758.4) 20.9% included for full 12 months
Slide 29: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at As at 30 June 2023 30 June 2022 R’million Reviewed Restated* Change Non-current assets 41 991.7 33 855.0 24.0% Highlights Property, plant and equipment & ROU assets 12 156.3 10 105.4 20.3% • Total assets impacted by Investment property 162.2 162.2 - weakening of
Slide 30: Statement of Financial Position (Continued)
STATEMENT OF FINANCIAL POSITION (CONTINUED) As at As at 30 June 2023 30 June 2022 R’million Reviewed Audited Change Highlights Total equity 19 516.1 16 927.6 15.3% Fund reserves and provisions 2 367.4 2 280.3 3.8% • Deferred tax liability includes Deferred tax liabilities 1 945.2 1 161.8 67.4% tax i
Slide 31: Net Borrowings
NET BORROWINGS Net borrowings/ Net borrowings/ Borrowings Cash (cash) (cash) R’million 30 June 2023 30 June 2023 30 June 2023 30 June 2022 Change Africa and other 8 459.3 4 307.6 4 151.7 3 009.7 37.9% United Kingdom 1 498.4 790.1 708.3 321.1 >100% Europe 33.9 888.5 (854.6) (254.2) >100% Australia &
Slide 32: Statement of Cash Flows
STATEMENT OF CASH FLOWS 30 June 30 June 2023 2022 R’million Reviewed Audited Change Cash flows from operating activities Highlights Operating cash flow 8 717.0 7 331.6 18.9% Working capital inflow/(outflow) – other 517.5 (825.8) (>100%) • Net investment in lease portfolio assets shown separately as
Slide 33: Statement of Cash Flows (Continued)
STATEMENT OF CASH FLOWS (CONTINUED) 30 June 30 June 2023 2022 R’million Reviewed Audited Change Highlights Cash flows from financing activities Cash outflow on shares repurchased (527.8) (291.1) 81.3% Additional investments in existing subsidiaries (2.9) (96.9) (97.0%) • Bought and cancelled 17.5 Ne
Slide 34: A deliberate diversification strategy has bolstered performance
A deliberate diversification strategy has bolstered performance in a turbulent trading environment STRATEGY Peter Mountford
Slide 35: Strategy: Supply Chain Africa and Europe
STRATEGY Diversified international business positioned for sustainable growth SUPPLY CHAIN AFRICA SUPPLY CHAIN EUROPE - Pursue new business opportunities - Diversify the customer base encompassing new brands, product categories - Improve customer flexibility and supply and markets chain visibility -
Slide 36: Strategy: SG Fleet and Fleet Africa
STRATEGY Diversified international business positioned for sustainable growth SG FLEET FLEET AFRICA - Deliver LeasePlan synergies - Pursue new business opportunities in the corporate sector - Optimise one-stop commercial solutions across funding, maintenance and insurance - Invest in digital support
Slide 37: Strategy: Dealerships SA and UK
STRATEGY Diversified international business positioned for sustainable growth DEALERSHIPS SA DEALERSHIPS UK - Grow representation of volume and value - Grow fleet partnerships brands - Leverage data, digitisation and e-commerce - Optimise dealership footprint, with a focus on trade platforms multi-b
Slide 38: Well positioned for another strong year to June 2024
Well positioned to deliver another strong financial performance in the year to June 2024 PROSPECTS Peter Mountford
Slide 39: Prospects
PROSPECTS Well positioned to deliver another strong financial performance in FY24 - With the global landscape set to remain volatile, the Group will continue to face macroeconomic challenges in the year ahead. - The difficult operating environment presents significant opportunities to innovate and g
Slide 40: Prospects: Supply Chain Africa and Europe
PROSPECTS Well positioned to deliver another strong financial performance in FY24 SUPPLY CHAIN AFRICA SUPPLY CHAIN EUROPE - With high unemployment rates and rising inflation, the - A gradual improvement in the availability of new trading environment will remain difficult vehicles and automotive part
Slide 41: Prospects: SG Fleet and Fleet Africa
PROSPECTS Well positioned to deliver another strong financial performance in FY24 SG FLEET FLEET AFRICA - SG Fleet is expected to perform well, with the - Fleet Africa remains well positioned to withstand a steady improvement in the availably of new volatile trading environment and leverage new vehi
Slide 42: Prospects: Dealerships SA and UK
PROSPECTS Well positioned to deliver another strong financial performance in FY24 DEALERSHIPS SA DEALERSHIPS UK - Consumers will continue to delay their purchase decisions - Improved availability of new vehicle stock will support or will look to buy a more affordable brand or model a good performanc
Slide 43: In Conclusion
IN CONCLUSION Delivering sustainable shareholder value • Super Group has successfully weathered difficult economic and trading conditions and expects to perform well into the forthcoming financial year • The board is pleased to declare a dividend of 80 cents per share, based on a 5.9 times cover on
Slide 44: Thank You For Your Interest in Super Group
THANK YOU FOR YOU INTEREST IN SUPER GROUP PETER MOUNTFORD COLIN BROWN Group Chief Executive Officer Group Chief Financial Officer Further information available on www.supergroup.co.za Investor Relations Executive: Michelle Neilson michelle.neilson@supergrp.com 2023 FINAL RESULTS PRESENTATION FOR THE
Slide 45: Disclaimer
DISCLAIMER The financial information pertaining to Super Group Limited’s (Super Group’s) results are exactly as published on SENS in terms of the JSE Limited’s Listings Requirements. This presentation contains certain financial information which has been prepared for illustrative purposes only. The