Super Group Limited · JSE:SPG
Super — Debt Investor Presentation (October 2023)
22 slides from Super's debt investor presentation, October 2023
Slide 1: Debt Investor Roadshow
DEBT INVESTOR ROADSHOW For the year ended 30 June 2023 2023
Slide 2: Performance Highlights Synopsis
Focused market growth strategy delivered exceptional results PERFORMANCE HIGHLIGHTS SYNOPSIS
Slide 3: FY2023 Performance Highlights
FY2023 PERFORMANCE HIGHLIGHTS Managing extreme market volatility to deliver a strong performance Revenue increased by EBITDA increased by Operating profit increased by Profit before taxation 30.6% to 20.8% to 20.7% to increased by 18.7% to R61.88 billion R8.49 billion R3.95 billion R2.97 billion (Ju
Slide 4: FY2023 Performance Highlights vs pre-Covid levels
FY2023 PERFORMANCE HIGHLIGHTS Financial performance significantly exceeds that of the pre-Covid levels Financial Performance R61.88 billion 63% Revenue R37.86 billion R8.49billion 126% EBITDA R3.76billion R2.97billion 32% Profit before tax R2.26billion 472.9 cents 31% Earnings per share 360.8 cents
Slide 5: International vs South African Operations (June 2023)
INTERNATIONAL VS SOUTH AFRICAN OPERATIONS (JUNE 2023) Revenue contribution per region 3% 15% 7% 2% Super Group’s international 27% 46% operations contributed 54% of the sales revenue (June 2022: 52%) and South Africa United Kingdom Australia 56% of operating profit (June 2022: Europe New Zealand Afr
Slide 6: Divisional Analysis
DIVISIONAL ANALYSIS Revenue Operating Profit SUPPLY CHAIN Revenue increased by 38.3% and operating Operating margin increased from 6.6% to 7.1% AFRICA profit increased by 48.7% and profit before tax increased by 44.7% to R1.11 billion Strong volume increases in the South African and African Logistic
Slide 7: Divisional Analysis
DIVISIONAL ANALYSIS Revenue Operating Profit FLEET AFRICA Produced solid results, with good growth in ad- The Kenyan operations reported operating hoc rental volumes on existing contracts. profit growth of 39% The Kenyan operations reported revenue Joint venture with Co-Op Bank in Kenya growth of 50
Slide 8: Divisional Analysis
DIVISIONAL ANALYSIS Revenue Operating Profit DEALERSHIPS New vehicle sales volume increased by 19.1%, Operating profit increased by 20.7% and SA strongly outperforming NAAMSA operating margins increased from 3.7% to 3.9% Continued to grow its representation of volume/value brands and establish multi
Slide 9: Cash Flow Movements
CASH FLOW MOVEMENTS 517 8,717 ( 1,042 ) ( 253 ) ( 594 ) ( 528 ) ( 506 ) ( 590 ) 344 9,065 ( 2,228 ) 3,792 6,222 ( 4,786 ) Opening Operating Working Net Taxation Dividends Shares Business ROU lease Net additions Working capital Net Forex Closing cash cash flow capital finance paid paid repurchased ac
Slide 10: Net Borrowings
NET BORROWINGS Net borrowings/ Net borrowings/ Borrowings Cash (cash) (cash) R’million 30 June 2023 30 June 2023 30 June 2023 30 June 2022 Change Africa and other 8 459.3 4 307.6 4 151.7 3 009.7 37.9% United Kingdom 1 498.4 790.1 708.3 321.1 >100% Europe 33.9 888.5 (854.6) (254.2) >100% Australia &
Slide 11: Debt Considerations
DEBT CONSIDERATIONS
Slide 12: Group Structure and DMTN Guarantors
GROUP STRUCTURE AND DMTN GUARANTORS Issuer Listed on JSE South Africa Bluefin Super Group Investments Holdings (Pty) Ltd Limited 100% 100% South Africa Mauritius Super Group Non-Wholly Owned Super Group African SG Fleet Limited Trading (Pty) Ltd Operations International Operations Listed on ASX 100%
Slide 13: Debt Policies
DEBT POLICIES Simple, clearly defined debt structure, with transparent ranking amongst all Group finance counterparties Debt Management Flexibility to actively manage debt arrangements and achieve funding efficiency Objectives Build debt management credibility and a respected credit profile Net Debt
Slide 14: Tangible Assets and Borrowings
TANGIBLE ASSETS AND BORROWINGS EXCLUDING SG FLEET, RIGHT OF USE AND WORKING CAPITAL 14,000 12,000 53.23% unencumbered shareholding in SG Fleet valued at R5.4bn 10,000 8,000 6,000 4,000 2,000 - Assets Borrowings Assets Borrowings Assets Borrowings Assets Borrowings South Africa Mauritius & Allen Ford
Slide 15: Debt Maturity Profile
DEBT MATURITY PROFILE 4 500 excluding SG Fleet 3,868 4 000 3 500 3 000 2 500 2 000 1,854 1,565 1,348 1 500 1 000 447 500 - Year 1 Year 2 Year 3 Year 4 >= Year 5 Secured asset-based borrowings Secured property borrowings and other Corporate bond Lease Portfolio borrowings DEBT INVESTOR PRESENTATION F
Slide 16: Debt Covenants
DEBT COVENANTS Net debt to EBITDA (≤ 2.5x) Net interest cover (≥ 2.7x) 3.00 16.0 13.8 14.0 13.1 2.50 11.7 12.0 11.1 2.00 9.7 10.0 9.2 8.8 8.7 1.50 8.0 7.2 1.26 1.27 1.18 1.16 1.10 5.8 0.94 0.97 1.01 6.0 0.93 1.00 0.79 4.0 0.50 2.0 0.00 0.0 Dec June Dec June Dec June Dec June Dec June Dec June Dec Ju
Slide 17: DMTN Programme
* 5 NI eo. f : a « i S AN + * ° \—~ \ 7* . Le y . a . “ « _ / oe « ° e e DMTN PROGRAMME
Slide 18: Bonds in Issue and Credit Rating
BONDS IN ISSUE AND CREDIT RATING Super Group’s Listed Bonds 1000 23 October 2023 Auction will refinance 750 the 2023 bond maturities 810 R'mn 500 625 550 500 450 250 350 300 200 213 0 July September December March June October July March July 2023 2024 2025 2028 Date Issued S&P Rating Super Group Cr
Slide 19: Indicative Term Sheet and Timing
INDICATIVE TERM SHEET AND TIMING Issuer Super Group Limited Issuer Rating zaAAA (S&P), affirmed on 27 October 2022 Guarantor Super Group Holdings, Super Group Trading, Super Group Africa and Bluefin Investments DMTN Programme Limit R5bn Volume Sought [R750m-1bn] Auction Date and Time [23 October 202
Slide 20: Contact Details
CONTACT DETAILS Name Telephone number E-mail address Super Group Colin Brown +27 11 523 4000 [email protected] (Chief Financial Officer, Debt Officer) Bridget Bird +27 11 523 4000 [email protected] (Group Treasury Manager) RMB Delia Patterson +27 11 282 4162 [email protected]
Slide 21: Thank You for Your Interest in Super Group
THANK YOU FOR YOU INTEREST IN SUPER GROUP COLIN BROWN BRIDGET BIRD Group Chief Financial Officer Group Treasury Manager Further information available on www.supergroup.co.za 2023 Investor Relations Executive: Michelle Neilson [email protected] FINAL RESULTS PRESENTATION FOR THE YEAR ENDE
Slide 22: 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
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