Caxton And Ctp Publishers And Printers Limited · JSE:CAT
Caxton And Ctp Publishers And Printers — FY2026 Earnings Presentation
30 slides from Caxton And Ctp Publishers And Printers's earnings presentation, October 2026
Slide 1: Financial Results Year Ended 30 June 2026
Financial Results Year Ended 30 June 2026 October 2026
Slide 2: Company overview
Company overview • Terry Moolman and partners acquired control in 1977. • Major player in the South African print media industry. • Prominent regional and local newspaper publishers including national daily newspaper “The Citizen”. • Growing manufacturer and supplier of packaging products. • Manufac
Slide 3: Caxton and CTP Publishers and Printers Limited
Caxton and CTP Publishers and Printers Limited Operations management Major investments and Cash and cash equivalents associates Packaging and stationary Printing, publishing and distribution Packaging Stationary Newspaper Book and Commercia publishing magazine l printing printing Packaging (Kaya FM)
Slide 4: Caxton executive directors
Caxton executive directors Terry D Moolman | Founder and CEO Terry and his partners bought control of Caxton and CTP Publishers and Printers Limited in 1977, when the market capitalisation was R260 000, and has been the Chief Executive Officer ever since. Tim JW Holden | MD & FD BCom, CA(SA) Tim joi
Slide 5: Key business milestones
Key business milestones Acquisition of Cape Litho Acquisition of HP labels Printing (R22m) and J Ryan (R24m) and Boland Printers Labels (R34m) to expand (R78m) to expand the label printing capabilities label packaging Investment in Octotel and capabilities Acquisition of Nampak provide loan capital
Slide 6: Key business milestones
Key business milestones Investment in Mpact Limited (R656,1m), bringing Acquisition of Boxes for shareholding to 31.6% Africa (R25m) to expand packaging capabilities Additional investment in Disposal of investments in Further investment in Investment in Private Cognition Holdings (R90m) Octotel and
Slide 7: Key business milestones
Key business milestones Acquired the remaining shareholding and delisted in June 2024 (R60,2m) Acquisition of remaining 33% of Capital Media Acquired further 5% of Thebe (R14m) Acquisition of Allflex (Kaya FM), bringing total Acquisition of remaining Packaging (R20,1m) shareholding to 22.6% 50% shar
Slide 8: Key business milestones
Key business milestones Acquisition of Page Packaging (R10m) – effective 1 August 2026 Acquisition of Tidy Files (R15m) Further acquisition of shares bringing Acquisition of GR Packaging Acquisition of Industri-Bag shareholding to 34.9% (R11m) – effective 1 October (R40m) – effective 1 October (R53,
Slide 9: Financial review
Financial review For year ended 30 June 2026
Slide 10: A year in review
A year in review Challenging conditions continue Continued investment in growth • R400 m gross investment in plant and • No to little growth environment continues equipment (R800m over last 2 years) • Revenues declined in the mature Publishing and - Mainly in the packaging operations to improve Prin
Slide 11: Ten-year review
Ten-year review 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Revenue (Rm) 6 588 6 709 6 647 6 975 5 979 5 220 5 572 6 321 6 334 6 407 Operating profit before depreciation and amortisation (EBITDA) (Rm) 782 828 927 981 828 563 350 654 759 749 Finance Income (Rm) 235 255 233 152 142 87 127 140 12
Slide 12: Key financial metrics
Key financial metrics Operating costs decreased by R73m to Group revenue of R6,59bn R5,89bn EBITDA down by R46m to R782m 1.8% 1.2% 5.6% Net asset value per share decreased to Cash generated by operating activities Headline earnings of 168.6 cents per R22.30 after working capital decreased by share R
Slide 13: Key financial trends (excluding 2024's once off insurance receipt)
Key financial trends (excluding 2024’s once off insurance receipt) Revenue EBITDA HEPS 7 200 1 200 6 975 250 7 000 981 1 000 196 6 800 6 709 200 189 6 647 828 828 179 6 588 782 169 6 600 800 754 157 6 400 150 Cents Rm Rm 600 6 200 5 979 100 6 000 400 5 800 200 50 5 600 5 400 - 0 2022 2023 2024 2025
Slide 14: Key financial trends
Key financial trends Cash on hand Working capital Capex 450 3 500 3 025 3 073 Working Capital 400 3 000 3500 350 2 506 3000 300 192 2 500 2500 92 2000 250 92 48 Rm 2 000 1 888 1500 200 1 664 1000 64 1 500 500 150 0 100 207 219 229 208 1 000 -500 2022 2023 2024 2025 2026 142 50 -1000 500 -1500 - -200
Slide 15: Group returns
Group returns Profit from operating activities before Net asset value per share depreciation, amortisation and tax (excluding once-off insurance proceeds in prior years) 1 000 000 12.00 10.70 10.45 900 000 22.3% 10.26 10.16 24.7% 23.1% 22.0% 10.00 800 000 20.3% 9.02 8.56 8.69 700 000 8.00 6.99 600 0
Slide 16: Publishing, printing and distribution
Publishing, printing and distribution
Slide 17: Publishing, printing and distribution
Publishing, printing and distribution 57.8% 42.2% Newspaper Commercial Book and magazine publishing printing printing R 2 782 R 3 806 30 June 2026 30 June 2025 % Revenue 2 782 2 973 -6.4% Publishing, printing and Distribution Packaging and Stationery EBITDA 299 365 -18.1% Profit from operations 220
Slide 18: Publishing, printing and distribution: Newspaper publishing
Publishing, printing and distribution Newspaper publishing • National advertising declined 10% while local advertisers declined by 14% • National grocery retailers spend is stable while the hardware, general merchandise, electronics and furniture felt significant declines • Digital revenues continue
Slide 19: Publishing, printing and distribution: Commercial printing
Publishing, printing and distribution Commercial printing (web, gravure and newspaper) • Newspaper Printing experienced significant declines in tonnage throughput and profitability • Profitability in our two commercial printing plants remained stable • R10m diesel charge at our Durban plant due to p
Slide 20: Publishing, printing and distribution: Book and magazine printing
Publishing, printing and distribution Book and magazine printing • Difficult conditions continue • Expected text book printing from the Department of Basic Education did not materialise • This subsequently has been awarded and expected printing in the current financial year • Magazine volumes contin
Slide 21: Packaging and stationery
Packaging and stationery
Slide 22: Packaging and stationery
Packaging and stationery 57.8% 42.2% R 3 806 R 2 782 Packaging Stationery Segment performance Publishing, printing and Distribution Packaging and Stationery 30 June 2026 30 June 2025 % Revenue 3 806 3 736 1.9% • Solid performance in low growth environment EBITDA 588 567 3.7% Profit from operations 4
Slide 23: Packaging and stationery
Packaging and stationery Packaging Stationery • QSR market ended marginally down • Although revenues declined, profitability remained • Benefit of investments in large format printing expected to stable through excellent margin and cost management yield benefits in the new financial year • Two centr
Slide 24: Strategy
Strategy
Slide 25: Strategy – No significant change
Strategy – No significant change Invest and grow in the packaging Maximise value from publishing, Focused cash management and sector printing and distribution business expeditious capital allocation Identify growth opportunities Simplify and extract value Simplify and extract value Continue to alloc
Slide 26: Successful expansion of packaging business (Revenue Rm)
Successful expansion of packing business through acquisition, investment in equipment and product development (Revenue Rm) 2023 2024 2025 2026 50.9% 55.7% 55.7% 57.8% 42.2% R3 548 R 3 701 R3 736 R 3 806 49.1% 44.3% R 2 782 44.3% R3 425 R2 973 R 2 947 Packaging and stationery Publishing, printing and
Slide 27: Successful expansion of packaging business (EBITDA Rm)
Successful expansion of packing business through acquisition, investment in equipment and product development (EBITDA Rm) 2023 2024 2025 2026 39.2% 33.7% 43.6% 41.1% R299 R343 R365 R409 56.4% 58.9% 60.8% 66.3% R528 R492 R567 R588 Packaging and stationery Publishing, printing and distribution
Slide 28: Outlook
Ps Outlook -
Slide 29: Outlook
Outlook The market Opportunities • Limited growth in the economy expected to continue • Beverage market to have positive impact • Decline in Publishing, Printing and Distribution set to continue • Growth in tipping volumes for the cigarette market gaining traction • Continue focus on purchasing and
Slide 30: Questions
Questions
Caxton and CTP Publishers and Printers — FY2026 Earnings Presentation on 6ix