Hosken Consolidated Investments Limited · JSE:HCI

Hosken Consolidated Investments — H1 FY2026 Earnings Presentation

16 slides from Hosken Consolidated Investments's earnings presentation, Dec 1, 2025

  1. Slide 1: HCI Interim Results FY2026

    HCI Interim Results FY2026 Avior Presentation 1st December 2025

  2. Slide 2: Rough overview of HCI results

    Rough overview of HCI results: • Headline earnings Up 9.5% like for like • Head office debt R2606m • Cash on hand at centre R718m • Free cash generated in first 6 months (after overheads interest and tax) R388m • Use of cash: - Lynnridge refurbishment (R117m) - Share repurchases +- 1m shares (R135m)

  3. Slide 3: HCI Group Headline Earnings (R'000)

    HCI GROUP HEADLINE EARNINGS (R’000) (Seven cash producing subsidiaries) Actual 6 months Actual 6 months Sep 2025 Sep 2024 1. Gaming 388’439 382,695 2. Hotels 134,114 134,465 3. Transport 128,454 145,402 4. Media and 105,991 92,249 Broadcasting 5. Coal Mining 103,439 37,867 6. Branded 65,158 34,797 p

  4. Slide 4: Gaming

    1. Gaming 388,439 382,695 Performance: • First period with headline earnings improving for quite some time • Debt reduced by close to R400m • Online now stable with positive Ebitda each month • Hotels, entertainment and LPM good performances • Bingo turned; casinos still under pressure in slots Deve

  5. Slide 5: Hotels

    2. Hotels 134,114 134,465 Performance: • Profit was flat on last period, but underlying business is strong. October for example was the best month since June 2010 Developments: • Refurbishment of Seychelles complete • Maharani/Elangeni 40 years lease signed • Several other ongoing areas with promisi

  6. Slide 6: Transport

    3. Transport 128,454 145,402 Performance: • Good performance albeit passenger numbers are under pressure from congestion of phase 2 My City roll out, uncontrolled access to trains and issue of 1500 new taxi licenses Developments: • 85 Electric vehicles in service. Further 35 will be in service by ye

  7. Slide 7: Media and broadcasting

    4. Media and broadcasting 105,991 92,249 Performance: • Ad spend under pressure • Costs well controlled especially signal distribution • Remains as the media house with largest audience share Developments: • Some delay in completion of VFX studios which will now start operating in February 2026 • So

  8. Slide 8: Coal Mining

    5. Coal Mining 103,439 37,867 Peformance: • Remarkable improvement since new contract signed Developments: • Bidding for Majuba contract

  9. Slide 9: Branded products and manufacturing (Deneb)

    6. Branded products and 65,158 34,797 manufacturing (Deneb) Peformance: • Revenue 22% up • Profits 93% up • Debt R93m down Developments: • Sold properties for R280m

  10. Slide 10: Properties

    7. Properties 54,564 51,690 Performance: • Profits continue to tick up and LTV down Developments: • Completed Lynnridge redevelopment • Closed lease extension on Dentsu building • Sold last property in Steenberg • Agreed to sell 4 properties to SACTWU subject to various conditions including sharehol

  11. Slide 11: HCI Headline Earnings (R'000) Continued

    HCI HEADLINE EARNINGS (R’000) CONTINUED Actual 6 months Sep 2025 Actual 6 months Sep 2024 8. Palladium Prospecting (10,274) (10,598) 9. Oil and Gas Prospecting (22,235) (263,569) 10. Other (101,858) (57,162) 11. Central Debt (102,097) (119,890) Sub Total (236,464) (451,219) Total 743,695 427,946

  12. Slide 12: Palladium Prospecting

    8. Palladium Prospecting 10,274 10,598 • Commodity basket increased in value but little progress in developing mine • Had a capital raise of $20m which allows for construction of roads etc.

  13. Slide 13: Oil and gas prospecting

    9. Oil and gas prospecting (22,235) (263,569) Namibia: • FID now expected end Q2 2026 • Active discussions with Namibian authorities regarding terms of PR rights Transkei: • Constitutional Court hearing held. Awaiting judgment Mossel Bay: (AEC) • Judgements on EIA on block 5,6,7 and Eskom LNG termin

  14. Slide 14: Inrange Golf

    10. Inrange Golf (In Other) (101,858) (57,162) Performance: • Expanded number of operating sites to 69 live sites Developments: • Good growth pipeline in USA and India • Negotiated additional bank funding • Ebitda for 6 months: R13.4m

  15. Slide 15: Self Funding Start Ups and Start Ups Requiring HCI Funding

    Self Funding Start Ups 1. Venus oil (part of IOG) 2. Inrange Golf Start Ups Requiring HCI Funding 1. Transkei/Area 2 (balance of IOG) 2. AEC 3. Mossel Bay power 4. H2Au 5. P.T.M

  16. Slide 16: Thank You

    Thank You

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