Slide 1: Final Results Presentation
FINAL RESULTS PRESENTATION For the year ended 30 June 2021
Slide 2: Overview
| HT LAWN OVERVIEW Peter Mountford
Slide 3: Results at a Glance
RESULTS AT A GLANCE for the year ended 30 June 2021 Revenue Operating profit EPS HEPS 14% 44% 645% 89% R39.5 billion R2 273 million 284 cents 285 cents 2020: R34.6 billion 2020: R1 578 million 2020: Loss of 52 cents 2020: 151 cents Dividend per share Cash generated NAV per share Gearing (exc
Slide 4: The Trading Environment
THE TRADING ENVIRONMENT United Kingdom European Union ◼ German automotive manufacturing ◼ Tax-breaks on lower-emission vehicles and volumes recovering, however consumer interest in hybrids and EVs microchip crisis continues unabated triggering demand in eStart solution ◼ EU economies opening up and
Slide 5: Divisional Reviews
DIVISIONAL REVIEWS Peter Mountford
Slide 6: International vs South African Operations
INTERNATIONAL VS SOUTH AFRICAN OPERATIONS Super Group’s international operations contributed 51% (2020: 46%) to revenue and 51% (2020: 43%) to operating profit Revenue contribution Operating profit contribution per country per country 9% 2% 4% 3% 11% 29% 49% 49% 29% South Africa 15% United Kingdom A
Slide 7: Segmental Analysis
SEGMENTAL ANALYSIS June 2021 June 2020 Revenue Revenue 36.8% 42.3% 46.9% 41.7% Revenue 16.3% 16.0% Operating profit Operating profit 12.8% 20.8% 36.4% 40.1% Operating profit Supply Chain 47.1% Fleet Solutions 42.8% Dealerships FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2021 7
Slide 8: Net Operating Assets and RNOA
NET OPERATING ASSETS AND RNOA The Group’s RNOA (excl ROU net operating assets) for the year ended June 2021 is 9.2% (June 2020: 6.1%) Group WACC is 8.2% 6 813 Right-of-Use Assets 6 411 576 457 4 097 3 589 3 126 145 2 637 93 6 237 2 310 2 060 5 954 1 724 755 659 1 259 1 308 1 146 3 952 610 462 3 496
Slide 9: Supply Chain
SUPPLY CHAIN
Slide 10: Supply Chain Africa
SUPPLY CHAIN AFRICA Revenue (R’m) Operating profit (R’m) 11 585 992 11 291 11 042 696 723 5 368 5 401 537 5 794 201 315 5 923 6 184 5 248 455 495 408 First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Revenue decreased by 4.7% mainly due to: • Str
Slide 11: Supply Chain Africa
SUPPLY CHAIN AFRICA Commodities businesses • Revenue decreased by 8% mainly due to a decline in volumes in both South Africa as well as cross-border • The African Logistics’ commodity volume declines were attributable to border closures/delays, particularly at the Beitbridge post between South Afric
Slide 12: Supply Chain Africa
SUPPLY CHAIN AFRICA June 2021 June 2020 Revenue Revenue 18.9% 17.8% 46.1% 48.1% 35.0% 34.1% Operating profit Operating profit 10.8% 14.8% 29.7% 20.7% 59.5% 64.5% Commodity businesses Consumer businesses Industrial businesses FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2021 12
Slide 13: Supply Chain Africa
SUPPLY CHAIN AFRICA Before Before After Subsequent to year end • The unrest in July has impacted revenue and profitability for this period. Estimated loss of revenue and profit for July 2021 are R97.5 million and R23.1 million, respectively • revenue lost to looting and supply chain interruptions •
Slide 14: Supply Chain Africa
SUPPLY CHAIN AFRICA Before After Before After FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2021 14
Slide 15: Supply Chain Europe
SUPPLY CHAIN EUROPE Revenue (R’m) Operating profit/(loss) (R’m) 91 3 498 2 867 2 844 39 53 1 639 6 33 38 1 355 1 349 (18) 1 859 (63) 1 512 1 495 (81) First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Revenue increased by 23.0% (in Euro-terms by 1
Slide 16: Fleet Solutions
FLEET SOLUTIONS
Slide 17: Fleet Africa
FLEET AFRICA Revenue (R’m) Operating profit (R’m) 933 171 809 698 143 118 520 88 415 60 383 55 394 413 83 83 315 63 First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Fleet Africa reported a good set of results with an increase in revenue of • The
Slide 18: SG Fleet
SG FLEET Revenue (R’m) Operating profit (R’m) 970 5 523 5 153 4 714 783 579 2 699 515 2 610 2 209 337 214 2 543 2 505 2 824 455 446 365 First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Revenue increased by 17.2% (in AUD-terms by 6.6%) • Operatin
Slide 19: SG Fleet Acquisition of LeasePlan ANZ
SG FLEET ACQUISITION OF LEASEPLAN ANZ Prior and subsequent to year end • On 31 March 2021 Super Group announced that SG Fleet entered into an agreement with LeasePlan Corporation N.V. to acquire 100% of the ordinary shares in issue of LeasePlan Australia Ltd. and LeasePlan New Zealand Ltd. (together
Slide 20: Dealerships
DEALERSHIPS
Slide 21: Dealerships SA
DEALERSHIPS SA Revenue (R’m) Operating profit/(loss) (R’m) 8 134 8 234 319 272 6 894 147 158 3 978 3 953 135 2 825 161 162 137 4 156 4 069 4 281 First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Revenue increased by 19.4% mainly as a result of: •
Slide 22: Dealerships UK
DEALERSHIPS UK Revenue (R’m) Operating profit/(loss) (R’m) 270 9 705 10 283 192 7 724 154 50 4 720 4 947 81 3 511 116 116 111 4 985 5 336 4 213 (66) First half Jun 2019 Jun 2020 Jun 2021 Second half Jun 2019 Jun 2020 Jun 2021 Revenue Operating profit • Revenue increased by 33.1% (in GBP-terms by 26.
Slide 23: Reviewed Final Results
REVIEWED FINAL RESULTS Colin Brown
Slide 24: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Year ended Year ended 30 June 2021 30 June 2020 R’million Reviewed Audited Change REVENUE 39 517.6 34 578.3 14.3% EBITDA 4 138.1 3 369.9 22.8% Depreciation and amortisation (1 865.1) (1 791.9) 4.1% OPERATING PROFIT 2 273.0 1 578.0 44.0% Operating profit margin 5.8%
Slide 25: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at As at 30 June 2021 30 June 2020 R’million Reviewed Audited Change FIXED ASSETS 21 077.2 21 427.0 (1.6%) Property, plant and equipment 7 011.8 6 755.9 3.8% Right-of-Use assets 2 115.9 2 320.8 (8.8%) Investment property 164.2 168.9 (2.8%) Full maintenance lease as
Slide 26: Statement of Financial Position (Continued)
STATEMENT OF FINANCIAL POSITION (CONTINUED) As at As at 30 June 2021 30 June 2020 R’million Reviewed Audited Change Total equity 13 756.8 13 026.2 5.6% Fund reserves and provisions 1 468.6 1 299.8 13.1% Deferred tax liabilities 477.7 587.0 (18.6%) Interest-bearing borrowings 6 694.2 6 479.9 3.3% FML
Slide 27: Net Borrowings
NET BORROWINGS Net Net Borrowings Cash borrowings/(cash) borrowings/(cash) R’million 30 June 2021 30 June 2021 30 June 2021 30 June 2020 Change Africa 6 090.4 (2 904.0) 3 186.4 2 517.9 26.5% United Kingdom 1 145.9 (488.9) 657.0 841.8 (22.0%) Australia 1 179.7 (2 337.1) (1 157.4) 151.8 (862.5%) Europ
Slide 28: Debt Maturity Profile
DEBT MATURITY PROFILE 3 000 2 774 Secured asset-based borrowings Secured property borrowings and other 2 500 SG Fleet borrowings 2 195 Corporate bond FML borrowings 2 000 1 752 R’million 1 500 1 336 1 000 500 390 - Year 1 Year 2 Year 3 Year 4 Year 5< FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30
Slide 29: Debt Covenants
DEBT COVENANTS Net debt to EBITDA (< 2.5x) Net interest cover (> 2.7x) 1.18 1.26 1.27 11.1 1.16 9.2 9.7 0.97 8.8 0.94 7.2 5.8 Dec 2018 Jun 2019 Dec 2019 Jun 2020 Dec 2020 Jun 2021 Dec 2018 Jun 2019 Dec 2019 Jun 2020 Dec 2020 Jun 2021 Covenants exclude: • SG Fleet • IFRS 16 The Group met its debt cov
Slide 30: Cash Flow Movements
Opening R’million cash balance 4 628 Operating cash flow 4 433 Working capital 352 Net finance costs paid (507) CASH FLOW MOVEMENTS Taxation paid (536) Dividend paid to non-controlling interests (159) Net additions to PPE & intangibles (1 166) Net additions to FML Total of R2.5 billion (1 338) Cash
Slide 31: Key Financial Data
KEY FINANCIAL DATA 30 June 2021 30 June 2020 Return on Equity (ROE) 8.9% (1.7%) Return on Net Operating Assets (RNOA) 9.2% 6.1% Group Weighted Average Cost of Capital (WACC) 8.2% 9.4% Free cash flow R3 291m R3 483m Total unutilised funding facilities (excl. Corporate Bond) R7 452m R5 281m Closing cu
Slide 32: Strategy and Prospects
STRATEGY AND PROSPECTS Peter Mountford
Slide 33: Strategy
STRATEGY Super Group remains committed to its strategy of being an innovative, integrated, mobility solutions company United Kingdom ◼ One-stop commercial solutions European Union ◼ Diversification of customer base across funding, maintenance, insurance and e-Commerce as economies recover to pre- pl
Slide 34: Prospects
PROSPECTS Despite a difficult start to the year, Super Group is optimistic regarding the outlook for FY2022 European Union ◼ German automotive manufacturing United Kingdom ◼ Strong opportunities pipeline in volumes should normalise Employee benefits and improved short-term rentals ◼ Time-critical de
Slide 35: Thank You
THANK YOU 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
Slide 36: 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