PREMIER GROUP LIMITED - Trading statement for the year ended 31 March 2023

Trading statement for the year ended 31 March 2023

PREMIER GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2007/016008/06)
ISIN: ZAE000320321
Share Code: PMR
(“Premier” or “the Group”)

TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Premier is currently finalising its financial results for the year ended 31 March 2023 (“FY2023”),
which are expected to be released on the Stock Exchange News Service on or about 6 June 2023.

In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Premier is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that
its financial results for FY2023 will differ by 20% or more when compared to those reported for the
previous financial year (“FY2022”).

In this regard, shareholders are advised of the following:

                                                        Reported          Expected          Expected
                                                        FY2022            range             % increase
                                                        (cents)           FY2023
                                                                          (cents)
 Earnings per share (“EPS”) (1)                         331               605 - 640         83% - 93%                                         
 Headline earnings per share (“HEPS”)(1)                453               600 - 645         32% - 42%
 Normalised headline earnings per share (1)(2)          449               525 - 570         17% - 27%

(1) The equivalent number of ordinary shares which equals the value of the “A” and “A1” ordinary shares is
    included in the above calculations
(2) Normalised headline earnings per share have been adjusted for foreign exchange gains on cash and loans
    of a funding nature and the once off reversal of the accrued withholding tax on preference dividends when
    the redeemable preference shares were converted to ordinary shares

The Group has achieved strong revenue and EBITDA growth, despite the impact of rising commodity
prices and other inflationary cost pressures and has been successful in proactively managing product
price increases with muted impact on volumes. Premier has continued to focus on internal cost saving
initiatives, the delivery of material operational efficiencies across both manufacturing and the
Group’s logistics and distribution channels, as well as the extraction of synergies. Premier has
managed to mitigate the impact of loadshedding on its operations, the costs of which are not
expected to have a material impact on its financial performance. The new Pretoria Bakery was
commissioned and reached full production during FY2023, delivering cost savings and improved bread
quality. Premier bedded down the changes in its sales and merchandising structures and realised the
associated cost savings.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company’s external auditors.

Midrand
22 May 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22-05-2023 02:53:00
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