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Condensed unaudited consolidated interim financial statements for the six months ended 30 June 2024
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
("Metair" or "the group" or "the company")
(Reg No. 1948/031013/06)
JSE and A2X share code: MTA • ISIN code: ZAE000090692
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 30 JUNE 2024
TURNOVER INCREASED 4% TO R8BN DESPITE LOWER OEM VEHICLE PRODUCTION
HESTO PROFITABLE IN H1 2024
Shareholders are advised to refer to the full interim results (which may be accessed via the links provided below) for commentary in respect
of the interim results for the six months ended 30 June 2024.
HIGHLIGHTS
Announced the sale of the Group's Turkish subsidiary, Mutlu Aku
Restored Hesto to profitability
B-BBEE maintained at Level 1
Investor and analyst audio webcast of the presentation will be broadcast on Thursday, 26 September 2024
Six months ended Year ended
30 June 30 June 31 December
2024 2023 2023
R'000 R'000 R'000 Change
FINANCIAL SUMMARY Unaudited Unaudited Audited %
Revenue 7 951 270 7 639 052 15 856 456 4
Operating profit 134 135 323 594 486 598 (59)
EBITDA after impairments 376 579 536 053 927 110 (30)
EBITDA including equity earning,
before impairments 385 130 528 893 1 100 767 (27)
(Loss)/earnings per share (cents) (3) 48 49
Headline (loss)/earnings per share (cents) (3) 41 135
Number of shares in issue ('000) 198 986 198 986 198 986
Net asset value per share (cents) 2 923 2 615 2 790 12
Cash generated/(utilised) from operations 160 901 (41 991) 1 156 969
NO DIVIDEND IS BEING DECLARED FOR THE SIX MONTHS ENDED 30 JUNE 2024 (30 JUNE 2023: NIL)
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company.
Shareholders are advised that the forecast financial information contained in this announcement has not been reviewed or reported on by the company's
auditors and is the responsibility of the directors of the company. As the information in this announcement does not provide all of the details,
any investment decisions should be based on the full results available through the JSE cloudlink at:
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/MTAE/Interim24.pdf and on Metair's
website at: https://www.metair.co.za/wp-content/uploads/2024/09/Metair-Interims-Sept-2024-WEB.pdf.
An investor and analyst webcast of the interim results presentation will be broadcast live on Thursday, 26 September 2024 at 10h00 (SAST),
which presentation will be available on the company's website: https://www.metair.co.za/wp-content/uploads/2024/09/Interim-2024-Presentation.pdf.
Investors and analysts are advised to utilise the following link to gain access to the webinar: https://www.corpcam.com/Metair26092024.
26 September 2024
REGISTRARS
Computershare Investor Services (Pty) Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
SPONSOR
One Capital
INVESTOR RELATIONS
Instinctif Partners
EXECUTIVE DIRECTORS: PS O'Flaherty (CEO); A Jogia (CFO)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); B Mawasha (Lead Independent);PH Giliam; N Medupe; NL Mkhondo; MH Muell (German);
AK Sithebe; S Sithole (Zimbabwean) (Alternate director to NL Mkhondo)
COMPANY SECRETARY: SM Vermaak
Date: 26-09-2024 07:05:00
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