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Unaudited Interim Results for the six months ended 31 March 2024 and Cash Dividend Declaration
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income tax registration number 9000/051/71/5)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "company")
SHORT FORM ANNOUNCEMENT
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2024 AND CASH DIVIDEND DECLARATION
Financial performance
- Revenue at R19.2 billion decreased by 8% compared to R20.8 billion in 1H23
- EBITDA at R2.5 billion decreased by 8% compared to R2.7 billion in 1H23
- Maintained EBITDA margin at 12.9% compared to 1H23
- Operating profit from core trading activities at R1.9 billion decreased by 12% compared to R2.1billion in 1H23
- Basic earnings per share decreased to 511.7 cents per share compared to 711.3 cents per share in 1H23 (prior
period including discontinued operations)
- Headline earnings per share from continuing operations at 532.2 cents per share decreased by 8% compared to
578.1 cents per share in 1H23
- Net asset value per share increased by 9% to 9 111 cents per share compared to 8 359 cents per share in 1H23
- ROIC held steady at 14.3% above hurdle (1H23: 14.3%)
- Ordinary dividend of 210 cents per share (cps) (1H23: 200 cps), a 5% increase compared to 1H23
Dividend declaration
Notice is hereby given that interim dividend number 189 of 210 cents per ordinary share in respect of the six months
ended 31 March 2024 has been declared subject to the applicable dividends tax levied in terms of the Income Tax Act,
58 of 1962 (as amended) (the "Income Tax Act") as follows:
Dividend Gross amount Withholding tax Net amount
Ordinary 210 cents per share 20% 168 cents per share
In accordance with the Listings Requirements of the JSE Limited ("JSE") the following additional information is
disclosed:
- The dividend has been declared out of income reserves
- The company's income tax number is IT 9000051715
- Local dividends tax rate is 20% (twenty percent)
- Barloworld has 189 641 787 ordinary shares in issue
In compliance with the requirements of Strate and the JSE, the following dates are applicable to the dividend:
Dividend declared Friday, 24 May 2024
Last day to trade cum dividend Tuesday, 18 June 2024
Ordinary shares trade ex-dividend Wednesday, 19 June 2024
Record date Friday, 21 June 2024
Payment date Monday, 24 June 2024
Share certificates may not be dematerialised or rematerialised between Wednesday, 19 June 2024 and Friday,
21 June 2024, both days inclusive.
Short form announcement
This short form announcement is the responsibility of the board of directors of Barloworld, is a summarised version of
the full announcement in respect of the six months ended 31 March 2024 of Barloworld and its subsidiaries (collectively
"the group") and as such, does not contain full or complete details pertaining to the group's interim results. Any
investment decisions should be made based on the full announcement. The interim results for the six months ended
31 March 2024 were not reviewed by the company's external auditors.
The full announcement can be accessed on the group's website at:
https://www.barloworld.com/investors/interim-results-presentations and on the JSE's cloudlink at:
https://senspdf.jse.co.za/documents/2024/jse/isse/BAWE/ie2024.pdf
Copies of the full announcement can be requested from the registered office by contacting the company secretary on
+27 11 445 1000.
DIRECTORS
Non-executive
NN Gwagwa (Chair), N Chiaranda^, NP Mnxasana, NV Mokhesi, H Molotsi, V Nkonyeni, B Odunewu*, P Schmid
Executive
DM Sewela (Group Chief Executive Officer), N Lila (Group Finance Director)
* Nigeria ^Italy
Group company secretary
Nomini Rapoo
Sandton
27 May 2024
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Enquiries
Kgaugelo Legoabe-Kgomari
Group Investor Relations
Tel: +2711 445 1032 E-mail: bawir@barloworld.com
About Barloworld
Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of
focus: Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Our provision of
Industrial Equipment and related services, offers earthmoving equipment, industrial services and power systems, which
enable the operation and maintenance of a large array of mining, construction and power solutions for our customers,
with whom we have built enduring relationships based on mutual trust. Through our Consumer Industries business, Ingrain,
we provide large enterprises with the ingredients essential to the manufacturing of a range of products including food
and beverages, paper, pharmaceuticals, building materials and adhesives, among others.
Date: 27-05-2024 07:15:00
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