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Performance overview

Financial performance

Revenue

Revenue Contribution
Revenue Contribution

* Excludes Head Office and Eliminations.

 

Operating profit

Revenue Contribution
Revenue Contribution

* Excludes Head Office and Eliminations.


Pro forma disclaimer

To provide a more meaningful assessment of the Group's performance for the year, pro forma information has been included under the segment performance section in the preliminary summarised audited consolidated results for the year ended 30 June 2021.

The directors of Motus Holdings Limited are responsible for compiling the pro forma financial information on the basis applicable to the criteria as detailed in paragraphs 8.15 to 8.34 of the JSE Listings Requirements and the SAICA Guide on Pro forma Financial Information, revised and issued in September 2014 (applicable criteria). The pro forma information does not constitute financial statements fairly presented in accordance with IFRS. The pro forma information has been prepared for illustrative purposes only and, because of its nature, may not fairly present the Group's financial position, results of operations and cash flows. The pro forma financial information included in the integrated report is consistent with the pro forma information included in the Motus Holdings Limited – Preliminary summarised audit consolidated results for the year ended 30 June 2021 on which the Group's external auditors, Deloitte & Touche, issued an unmodified reporting accountant's report on 30 August 2021 and is included in Pro forma financial information accountants report.


Revenue

R87 205 million (2020: R73 417 million)

 19%


EBITDA

R5 302 million (2020: R4 082 million)

 30%


Operating profit

R3 795 million (2020: R2 136 million)

 78%

Profit before tax

R2 860 million (2020: R541 million)

 429%

Earnings per share

1 153 cents per share (2020: 165 cents per share)

 599%

Headline earnings per share

1 179 cents per share (2020: 296 cents per share)

 298%

Net asset value
per share

6 586 cents per share (2020: 6 653 cents per share)

Total dividend
per share

415 cents per share

(paid interim dividend of 160 cents per share)

(2020: nil cents per share paid)

Free cash flow generated
from operations

R5 904 million (2020: R3 004 million)

Net debt
to equity

28% (2020: 60%)

Return on
invested capital^

14,8 % (2020: 6,4%)

Weighted average cost
of capital^

9,5 % (2020: 9,8%)

Net debt to EBITDA
(debt covenant)

0,8 times (2020: 2,2 times)
Required: to be less than 3 times
^  The return on invested capital and weighted average cost of capital is prepared on a 12-month rolling basis.

EBITDA to net interest
(debt covenant)

10,9 times (2020: 3,6 times)
Required: to be greater than 3 times

Non-financial performance


FTSE4Good Index Series
Achieved an overall score of

3,8 out of 5 (2020: 3,8 out of 5)

Black
representation

73% of the Group’s South African workforce (2020: 73%)

Women
representation

31% of the Group’s workforce (2020: 30%)

CSI spend

R18,6 million (2020: R28,1 million)

South African training spend

R144 million (2020: R177 million)

Environmental compliance

No environmental-related fines or penalties incurred

Water

570 089 kilolitres purchased (2020: 603 509 kilolitres)

Electricity

73 317
megawatt hours purchased from municipalities (2020: 75 713 megawatt hours)

Carbon footprint*

109 892 tCO2e (2020: 116 667 tCO2e)

* Scope 1 and 2 emissions.

  • Environment
  • Social
  • Governance

  For more detailed information, refer to our environmental, social and governance overview, and our people report.
  For more detailed information, refer to our ESG performance and objectives in our ESG report online.

Segment overview

A diversified business in the automotive industry
Import and Distribution

20%
of Group
revenue

22%
of Group
operating profit

4,6%
Operating
margin

  • Exclusive South African importer of Hyundai, Kia, Renault and Mitsubishi
  • Operates in South Africa and neighbouring countries
  • Exclusive distribution rights for Nissan in four East African countries
  • ~16,1% controllable market share* in South Africa
  • Car parc >1 million vehicles
Retail and Rental

71%
of Group
revenue

42%
of Group
operating profit

2,5%
Operating
margin

  • Retail > 115 000 new vehicles and > 105 000 pre-owned vehicles annually

South Africa

  • Represents 24 OEMs: ~340 dealerships
  • ~20,2% retail market share
  • Car rental (Europcar and Tempest): 100 branches in Southern Africa
  • ~25% rental market share

United Kingdom

  • 86 commercial dealerships
  • 33 passenger dealerships

Australia

  • 36 passenger dealerships

 

 

Financial Services
  • Developer and administrator of innovative vehicle-related financial products and services to >760 000 vehicles including third-party products under administration
  • Manager and administrator of service, maintenance and warranty plans
  • Provider of fleet management services
  • Provider of business process outsourcing through sophisticated technology and call centre capabilities
  • Innovation centre

2%
of Group
revenue

22%
of Group
operating profit

44,8%#
operating
margin

Aftermarket Parts
  • Distributor, wholesaler and retailer of accessories and parts for out-of-warranty vehicles
  • Operates in Southern Africa and South East Asia
  • 577 retail stores (100 owned stores)
  • Supported by distribution centres in South Africa, Taiwan and China
  • Franchise base comprises:
    • Resellers (namely Midas and Alert Engine Parts)
    • Specialised workshops (CBS, Ferobrake, Motolek, ADCO)

7%
of Group
revenue

14%
of Group
operating profit

7,7%
Operating
margin

* Percentage of passenger and LCV market.
# Operating margin includes profit streams without associated revenue.

The above financial measures exclude Head Office and Eliminations.