Slide 1: Results Presentation
RESULTS PRESENTATION For the year ended 30 June 2022 2022
Slide 2: Overview
OVERVIEW Peter Mountford
Slide 3: FY2022 Performance Highlights
FY2022 PERFORMANCE HIGHLIGHTS Managing extreme market volatility to deliver a strong performance Revenue increased EBITDA increased Operating profit Profit before taxation by 17.0% to by 69.8% to before capital items increased by 41.2% to increased by 43.8% to R46.24 billion R7.03 billion R2.50 bill
Slide 4: Group At-A-Glance
GROUP AT-A-GLANCE Provides leading logistics Works with blue chip and mobility solutions across clients across multiple South Africa, the UK, Europe industries and Australasia Employs over 14 000 Constantly innovates to people working across “The cumulative benefits of provide clients with cutting e
Slide 5: The Trading Environment
THE TRADING ENVIRONMENT Well positioned to withstand macro-economic headwinds South Africa (Supply Chain, Fleet Solutions, Dealerships) - high unemployment rates and rising inflation continued to make a noticeable dent in household spending - social unrest, adverse weather and power cuts dragged mar
Slide 6: The Trading Environment
THE TRADING ENVIRONMENT Well positioned to withstand macro-economic headwinds European Union (Supply Chain) - negative impact of war in Ukraine, with lower growth and higher inflation - surging energy and food prices eroded consumer purchasing power - Germany’s automotive sector faced significant im
Slide 7: Divisional Reviews
DIVISIONAL REVIEWS Peter Mountford
Slide 8: International vs South African Operations
INTERNATIONAL VS SOUTH AFRICAN OPERATIONS Revenue contribution Super Group’s international per region operations contributed 51% (June 7% 4% • Super Groups international operations 2021: 51%) to revenue and 49% contributed 51% of the sales revenue (June (June 2021: 51%) to operating 2021: 51%) and 5
Slide 9: Segmental Analysis
SEGMENTAL ANALYSIS June 2022 June 2021 Revenue Revenue 41.6% 35.3% 36.8% 46.9% 23.1% 16.3% Operating profit before capital items Operating profit before capital items 19.2% 20.8% 30.0% 36.4% Supply Chain 50.8% 42.8% Fleet Solutions Dealerships FINAL RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 20
Slide 10: Net Operating Assets and RNOA
NET OPERATING ASSETS AND RNOA The Group’s RNOA for the year ended June 2022 is 10.3% (June 2021: 8.9%) Group WACC is 6.3% 7 980 6989 6 237 3 497 1 977 2 076 1 724 1 562 1 597 1 649 833 906 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 SC Africa SC Europe Fleet Africa SG Fleet Dealershi
Slide 11: Supply Chain
SUPPLY CHAIN
Slide 12: Supply Chain Africa
SUPPLY CHAIN AFRICA Revenue (R’m) Revenue 12 871 11 585 • Revenue increased by 16.6% mainly due to: 11 042 • overall volume increases and higher diesel 5 401 6 950 recoveries across the division 5 794 • new client wins in the consumer businesses • good performances in SG Convenience and 6 184 5 921
Slide 13: Segmental Analysis
SEGMENTAL ANALYSIS June 2022 June 2021 Revenue Revenue 19.6% 18.9% 44.9% 46.1% 35.5% 35.0% Operating profit before capital items Operating profit before capital items 17.8% 15.6% 49.1% 54.4% 30.0% 33.1% Commodity businesses Consumer businesses Industrial businesses FINAL RESULTS PRESENTATION FOR THE
Slide 14: Supply Chain Europe
SUPPLY CHAIN EUROPE Revenue Revenue (R’m) • In Euro-terms, revenue increased by 5.2% for the year, 3 498 3 449 with the second half up 14.1% mainly as a result of stronger airfreight volumes 2 844 • New vehicle production volumes in Germany down 1 639 1 746 18.3% compared to June 2021 due to the glo
Slide 15: Fleet Solutions
LEET ( SOLUTIONS —
Slide 16: Fleet Africa
FLEET AFRICA Revenue • Fleet Africa reported a good set of results with an Revenue (R’m) increase in revenue of 15.4% mainly due to an 1 076 increase in activity on existing contracts 933 809 • No new contracts were secured over the year 539 520 • Good growth was seen in ad hoc rental volumes on 415
Slide 17: SG Fleet
SG FLEET Revenue • Revenue increased by 73.6% Revenue (R’m) • The increase is mainly attributable to: • the acquisition of LeasePlan on 1 September 2021 9 588 • high used vehicle values, boosting EOL income 4 900 • LeasePlan operates an “on-balance-sheet” model 5 523 4 714 2 209 2 699 4 688 2 505 2
Slide 18: Dealerships
DEALERSHIPS
Slide 19: Dealerships SA
DEALERSHIPS SA Revenue • The shortage of semiconductors continues to have Revenue (R’m) a severe impact on new vehicle stock availability, 9 254 most notably in the premium segment 8 234 6 894 • New vehicle sales volumes increased by 7.6%, 4 757 3 953 which was in line with NAAMSA numbers 2 825 • Us
Slide 20: Dealerships UK
DEALERSHIPS UK Revenue • Revenue decreased by 2.8% as a result of the Revenue (R’m) severe impact of the semiconductor supply issue 10 283 9 993 • New vehicle sales volumes declined by 19.0% and used vehicle sales volumes declined by 16.1% 7 724 4 947 • Higher average retail prices in new and used 5
Slide 21: Reviewed Final Results
REVIEWED FINAL RESULTS Colin Brown
Slide 22: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Year ended Year ended 30 June 2022 30 June 2021 Highlights R’million Reviewed Audited Change Revenue 46 237.7 39 517.6 17.0% LeasePlan contribution included from EBITDA 7 027.0 4 138.1 69.8% 1 September 2021 Depreciation and amortisation (3 758.4) (1 865.1) >100% Op
Slide 23: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION As at As at 30 June 2022 30 June 2021 Highlights R’million Reviewed Audited Change Non-current assets 33 544.1 21 077.2 59.1% Total assets materially impacted by Property, plant and equipment & ROU assets 10 105.4 9 127.7 10.7% LeasePlan acquisition Investment propert
Slide 24: Statement of Financial Position (Continued)
STATEMENT OF FINANCIAL POSITION (CONTINUED) As at As at 30 June 2022 30 June 2021 Highlights R’million Reviewed Audited Change Total equity 16 927.6 13 756.8 23.0% Equity and liabilities materially Fund reserves and provisions 2 280.3 1 468.6 55.3% impacted by LeasePlan acquisition Deferred tax liab
Slide 25: Net Borrowings
NET BORROWINGS Net borrowings/ Net borrowings/ Borrowings Cash (cash) (cash) R’million 30 June 2022 30 June 2022 30 June 2022 30 June 2021 Change Africa 5 612.7 2 603.0 3 009.7 3 186.4 (5.5%) United Kingdom 1 208.1 887.0 321.1 657.0 (51.1%) Europe 14.3 268.5 (254.2) (370.2) (31.3%) Australia & NZ 3
Slide 26: Statement of Cash Flows
STATEMENT OF CASH FLOWS 30 June 30 June 2021 2022 Audited R’million Reviewed Restated Change Highlights Cash flows from operating activities Statement of cash flows materially Operating cash flow 7 331.6 4 431.6 65.4% impacted by LeasePlan acquisition Working capital outflow (2 574.7) (985.0) >100%
Slide 27: Statement of Cash Flows (Continued)
STATEMENT OF CASH FLOWS (CONTINUED) 30 June 30 June 2021 2022 Audited R’million Reviewed Restated Change Highlights Cash flows from financing activities Super Group shares purchased: Cash outflow on shares repurchased (291.1) - Nm • 7.7m in repurchase programme Additional investments in existing sub
Slide 28: Strategy & Prospects
STRATEGY & PROSPECTS Peter Mountford
Slide 29: Strategy: Africa and South Africa
STRATEGY Diversified international business positioned for sustainable growth ◼ Leverage technology to deliver innovative, integrated supply chain solutions ◼ Improve efficiencies, reduce costs and optimise asset investment ◼ Enter new markets and expand client base through solution specialisation a
Slide 30: Strategy: Australasia and EU
STRATEGY Diversified international business positioned for sustainable growth Australasia ◼ Expand the corporate model through the LeasePlan acquisition ◼ Realise integration and cross-selling opportunities in digital mobility solutions - including transport planning, repair solutions, ride hailing
Slide 31: Prospects: Africa and South Africa
PROSPECTS Well positioned to deliver a strong financial performance in FY23 ◼ New business gains with the addition of principals and products ◼ Ongoing entry to new markets ◼ Benefit from improved volumes in hospitality, entertainment and tourism sectors South Africa ◼ Improved commodity volumes ◼ I
Slide 32: Prospects: Australasia, EU and UK
PROSPECTS Well positioned to deliver a strong financial performance in FY23 Australasia ◼ New business wins and strong retention rates ◼ High level of fleet extensions ◼ Strong vehicle residual values ◼ Normalising of German automotive volumes EU ◼ Rationalised branch network ◼ Cost reductions imple
Slide 33: In Conclusion
IN CONCLUSION Delivering sustainable shareholder value - Market consolidation, new business opportunities and an annualised LeasePlan impact should contribute to a satisfactory increase in earnings for the year to June 2023 - Shareholder equity has grown from R3.4 billion at June 2012 to the current
Slide 34: Thank You for Your Interest in Super Group
THANK YOU FOR YOUR INTEREST IN SUPER GROUP Further information available on www.supergroup.co.za Investor Relations Executive: Michelle Neilson michelle.neilson@supergrp.com PETER MOUNTFORD COLIN BROWN Group Chief Executive Officer Group Chief Financial Officer
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