Overview

  • Chairman’s Welcome

    GW Dempster
    GW Dempster
    Chairman

    Motus' pre-listing statement was an invitation to invest in a company with a long track record of success in good times and in bad. With this, our first integrated report, it is my honour to welcome you and thank you for accepting our invitation on behalf of the board of directors.

    Read Chairman’s Welcome

  • Chief Executive Officer’s Review

    Osman Arbee
    Osman Arbee
    Chief Executive Officer

    Motus' first set of results as a listed company was solid and speak to our operational effectiveness in the challenging economic environments we operate in. With a strong management team dedicated to the longer-term importance of protecting and growing our market positioning through continuous optimisation and innovation, and investment in our people, Motus will continue to demonstrate resilience in conditions that show very few signs of economic growth in the markets where we operate.

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  • Chief Financial Officer’s Review

    Ockert Janse van Rensburg
    Ockert Janse van Rensburg
    Chief Financial Officer

    Our performance for FY2019 was resilient with an improvement in key financial metrics to June 2019.

    Motus has maintained a strong balance sheet and delivered solid results with growth in earnings.

    The South African operations contributed operating profit of 90% for the year, with the remainder being contributed by the UK, Australia and South East Asia.

    Read Chief Financial Officer’s Review

Overview

What makes Motus unique

Our business model is fully integrated across the automotive value chain through four key business segments:

Import and
Distribution

Retail and
Rental

Motor-
Related
Financial
Services

Aftermarket
Parts


We deliver a consistently superior route-to-market to OEMs through quality marketing, high levels of customer satisfaction and strategically located dealerships, mainly in the economic hubs of South Africa. Our selected international presence, complements our existing networks and provides opportunities to replicate aspects of the integrated business model.

With a deep understanding of OEM strategies, consumer preferences and mobility-related technologies, we develop and offer innovative value-added products and services (“VAPS”) and mobility solutions to our customers.

Read what makes Motus unique

Overview

  • Financial highlights

    Revenue

    3,5%

    R79 711
    million

    (2018: R77 001 million)

    Operating profit

    1%

    R3 620
    million

    (2018: R3 593 million)

    Normalised
    headline earnings

    7%

    R2 137
    million

    (2018: R1 991 million)


    Full year dividend

    10%

    490 cents
    per share

    (2018 pro forma:*444 cents per share)

    Cash generated
    from operations

    R2 743
    million

    (2018: R4 301 million)

    Return on invested
    capital

    13,5%

    versus weighted average
    cost of capital of 10,7%

    (2018: 13,5% (ROIC))
    (2018: 10,7% (WACC))


    Note:

    • Normalised: This excludes the once-off non-cash flow impact of share-based payment expenses amounting to R160 million.
    • Return on invested capital (“ROIC”), and weighted average cost of capital ("WACC") are calculated on a rolling 12-month basis.

    * Pro forma: Motus listed in November 2018.

  • Financial highlights

    Revenue

    • Retail and Rental
    • Import and Distributionl
    • Aftermarket Parts
    • Motor-Related Financial Services

    * Excludes Head Office and Eliminations.


  • Financial highlights

    Normalised HEPS

    11%

    1 090 cents
    per share

    (2018: 986 cents per share)

    HEPS

    2%

    1 009 cents
    per share

    (2018: 986 cents per share)

    EPS

    18%

    953 cents
    per share

    (2018: 1 162 cents per share)


    Net debt-to-
    equity ratio

    55,9%

     

    (2018: 50,7%)

    Net asset value
    per share

    7%

    6 185 cents per
    ordinary share

    (2018: 5 762 cents per
    ordinary share)

    "Improvement
    in key financial metrics"


    Note:

    • HEPS: Headline earnings per ordinary share.
    • EPS: Earnings per ordinary share.
    • Normalised: This excludes the once-off non-cash flow impact of share-based payment expenses amounting to R160 million.

  • Financial highlights

    Operating profit

    • Retail and Rental
    • Import and Distribution
    • Aftermarket Parts
    • Motor-Related Financial Services

    * Excludes Head Office and Eliminations.

    • Retail and Rental
    • Import and Distribution
    • Aftermarket Parts
    • Motor-Related Financial Services

    * Excludes Head Office and Eliminations.

  • Non-financial highlights

    Black staff
    representation in
    South Africa


    73%

    (2018: 71%)

    Women
    representation


    30%

    of overall workforce

    Training spend



    R137 million

    (2018: R132 million)


    Electricity
    purchased from
    municipalities

    80 146 megawatt
    hours

    Water purchased
    from municipalities

    611 223
    kilolitres

    Road fuel
    consumption

    22 million
    litres


  • Non-financial highlights

    Road injuries

    0,156 per
    million
    kilometres


    (2018: 0,214 per million kilometres)

    Road fatalities

    None

    (2018: One)

    Road accidents

    0,152 per
    million
    kilometres

    (2018: 0,304 per million kilometres)


    Enterprise
    development spend

    R89 million

    (2018: R72 million)

    Total CSI spend

    R28,9 million

    (2018: R16,4 million)

    FTSE4Good Index
    Series

    Achieved an overall score of

    4,2 out of 5

    (June 2019)


  • Non-financial highlights

    Total Scope 1 and 2
    CO2 emissions

    128 270 tCO2

    (2018: 131 068 tCO2)

    Oil recycled

    2 million litres

    (2018: 2,4 million litres)