Slide 1: Results Presentation: six months ended 31 December 2023
February RESULTS PRESENTATION For the six months ended 31 December 2023 2024
Slide 2: Overview
The Group’s financial results demonstrate its resilience in the face of tough trading conditions OVERVIEW Peter Mountford
Slide 3: HY2024 Performance Highlights
HY2024 PERFORMANCE HIGHLIGHTS Revenue EBITDA Operating profit Profit before taxation increased by 11.9% to increased by 5.1% to increased by 4.0% to decreased by 6.2% to R33.22 billion R4.24 billion R2.01 billion R1.41 billion (Dec 2022: R29.69 billion*) (Dec 2022: R4.04 billion*) (Dec 2022: R1.93 b
Slide 4: The Trading Environment
THE TRADING ENVIRONMENT In South Africa, load shedding, port delays, rail capacity constraints, border inefficiencies, high unemployment and political uncertainty continued to impede economic activity. Economic growth in Germany remained weak, impacted by high energy prices, tight monetary policy an
Slide 5: Divisional Reviews
Super Group continues to demonstrate the agility required to counter market challenges and leverage opportunities for growth DIVISIONAL REVIEWS Peter Mountford
Slide 6: International vs South African Contributions (December 2023)
INTERNATIONAL VS SOUTH AFRICAN CONTRIBUTIONS (DECEMBER 2023) Revenue contribution per region 3% 14% 7% 1% • Super Group’s international 30% operations contributed 55% of sales 45% revenue (Dec 2022: 52%) and 52% of operating profit (Dec 2022: 53%) South Africa United Kingdom Australia Europe New Zea
Slide 7: Segmental Analysis
SEGMENTAL ANALYSIS December 2023 December 2022 Revenue Revenue 22.3% 21.1% 40.6% 37.1% 42.0% 36.9% Supply Chain Dealerships Fleet Solutions Supply Chain Dealerships Fleet Solutions Operating profit Operating profit 46.5% 52.8% 32.9% 37.9% 15.6% 14.3% Supply Chain Dealerships Fleet Solutions Supply C
Slide 8: Net Operating Assets and RNOA
NET OPERATING ASSETS AND RNOA The Group’s RNOA for the 6 months ended 31 December 2023 is 8.8% (December 2022: 10.1%) Group WACC is 7.0% (December 2022: 6.1%) 9,430 9,922 8,454 7,463 2,396 3,461 2,155 2,608 1,478 1,556 996 1,023 HY23 HY24 HY23 HY24 HY23 HY24 HY23 HY24 HY23 HY24 HY23 HY24 SC Africa S
Slide 9: Supply Chain
Despite economic headwinds, the consumer business delivered a particularly strong performance SUPPLY CHAIN Peter Mountford
Slide 10: Supply Chain Africa
SUPPLY CHAIN AFRICA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 10
Slide 11: Supply Chain Africa
SUPPLY CHAIN AFRICA Revenue (R’m) 17,805 Highlights 12,871 • Revenue increased by 5.3% due to a strong 8,995 performance in the consumer supply chain 6,950 business 8,810 9,274 • The consumer business benefitted from new 5,921 business wins and contract renewals Jun 2022 Jun 2023 Jun 2024 • The indu
Slide 12: Supply Chain Europe
SUPPLY CHAIN EUROPE FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 12
Slide 13: Supply Chain Europe
SUPPLY CHAIN EUROPE Revenue (R’m) Highlights 4,483 • Revenue increased by 35.6% mainly as a 3,449 2,281 result of the acquisition of AMCO in July 2023 1,746 • Performance negatively impacted by a sharp decline in automotive parts distribution 2,987 2,202 volumes and the erosion of gross margins due
Slide 14: Fleet Solutions
SG Fleet’s tender and new business activity reached record levels FLEET SOLUTIONS Peter Mountford
Slide 15: Fleet Africa
FLEET AFRICA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 15
Slide 16: Fleet Africa
FLEET AFRICA Revenue (R’m) 1,076 1,089 Highlights 539 509 • Fleet Africa reported a 1.6% decrease in revenue due to expiring vehicle contracts and delays in the award of government 537 580 570 tenders • Operating profit increased by 7.2% due to Jun 2022 Jun 2023 Jun 2024 improved margins on shorter
Slide 17: SG Fleet
SG FLEET FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 17
Slide 18: SG Fleet
SG FLEET Revenue (R’m) 12,293* Highlights 9,824 • Revenue increased by 6.5% and operating profit 6,263* by 17.3%, driven largely by strong growth in 5,136 new vehicle delivery volumes 6,030* 6,419 • Tender and new business activity reached 4,688 record levels, although the supply of mainstream model
Slide 19: Dealerships
In South Africa, new vehicle sales volumes strongly outperformed NAAMSA DEALERSHIPS Peter Mountford
Slide 20: Dealerships SA
DEALERSHIPS SA FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 20
Slide 21: Dealerships SA
DEALERSHIPS SA Revenue (R’m) Highlights 10,597 9,254 • Revenue growth of 4.4% on the back of Highlights stronger new and used vehicle sales 5,279 4,757 • New vehicle Produced solid sales results,increased volumes with goodbygrowth 8.9%, in ad hocthe outperforming rental volumes NAAMSA on existing de
Slide 22: Dealerships UK
DEALERSHIPS UK FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 22
Slide 23: Dealerships UK
DEALERSHIPS UK Revenue (R’m) 15,753* Highlights • New vehicle sales volumes increased by 10,891 9,006 16.1% due to improved inventory availability in the Ford brand 6,286 • Used vehicle sales volumes decreased 11.7% 6,747* 8,409 due to a shift in demand to new vehicles 4,605 • Operating profit decre
Slide 24: Reviewed Final Results
Increase in revenue driven by the weakening of the average Rand exchange rate and the acquisitions of AMCO and Right Side Up REVIEWED FINAL RESULTS Colin Brown
Slide 25: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Six months Six months ended ended 31 December 31 December Highlights 2023 2022 R’million Unaudited Restated Change • AMCO contribution included in current period: Revenue 33 216.0 29 690.0 11.9% EBITDA 4 242.4 4 037.4 5.1% • Revenue of R742.0 million • EBITDA of R81
Slide 26: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at 31 December As at 2023 30 June 2023 R’million Unaudited Restated Change Highlights Non-current assets 42 636.3 41 991.7 1.5% • Capex mainly included Supply Chain vehicle fleets Property, plant and equipment & ROU assets 13 050.6 12 156.3 7.4% • Increase in total
Slide 27: Statement of Financial Position (Continued)
STATEMENT OF FINANCIAL POSITION (CONTINUED) As at 31 December As at 2023 30 June 2023 Highlights R’million Unaudited Restated Change • Warehouse lease borrowings Total equity 19 144.4 19 570.0 (2.2%) increased in SG Fleet Fund reserves and provisions 2 329.9 2 447.3 (4.8%) • Non-controlling interest
Slide 28: Net Borrowings
NET BORROWINGS Net borrowings/ Net borrowings/ Borrowings Cash (cash) (cash) R’million 31 December 2023 31 December 2023 31 December 2023 30 June 2023 Change Africa and other 8 876.0 2 858.1 6 017.9 4 151.7 44.9% United Kingdom 1 373.9 214.2 1 159.7 708.3 63.7% Europe 39.4 298.8 (259.4) (854.6) (69.
Slide 29: Statement of Cash Flows
STATEMENT OF CASH FLOWS 31 Dec 31 Dec 2023 2022 R’million Unaudited Unaudited Change Highlights Cash flows from operating activities • Net investment in lease portfolio Operating cash flow 4 188.0 4 058.5 3.2% assets shown separately as part of Working capital outflow - other (1 042.7) (103.6) >100.
Slide 30: Statement of Cash Flows (Continued)
STATEMENT OF CASH FLOWS (CONTINUED) 31 Dec 31 Dec 2023 2022 R’million Unaudited Unaudited Change Highlights Cash flows from financing activities Additional investments in existing Cash outflow on shares repurchased (34.6) (524.0) (93.4%) subsidiaries included increasing Additional investments in exi
Slide 31: Prospects
Against a backdrop of global socio-economic volatility, Super Group will continue to adapt its business models to remain relevant and competitive PROSPECTS Peter Mountford
Slide 32: Prospects
PROSPECTS Trading patterns for the second half year to June 2024 are expected to remain largely unchanged. Supply Chain Africa’s FMCG businesses are expected to perform well on the back of new business, as are Fleet Africa and SG Fleet. The implementation of further cost rationalisation processes in
Slide 33: Appreciation
APPRECIATION The Group thanks its staff, customers, suppliers, shareholders and board members for their ongoing support. FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2023 33
Slide 34: Thank You for Your Interest in Super Group
THANK YOU FOR YOUR 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 February michelle.neilson@supergrp.com 2024 FINAL RESULTS PRESENTATI
Slide 35: 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