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Trading statement for the six months ended 30 September 2024
Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Company registration number: 2005/003306/06)
JSE share code: SEP
ISIN: ZAE000138459
("SepHold" or the "Company")
Trading statement for the six months ended 30 September 2024
Shareholders are informed that SepHold expects to release its financial results for the six months ended 30
September 2024 on SENS on or about 8 November 2024.
Pursuant to the finalisation of its interim results, and in terms of paragraph 3.4(b) of the JSE Limited Listings
Requirements, SepHold is required to publish a trading statement as soon as it is satisfied, with a reasonable
degree of certainty, that the financial results for the period to be reported upon next will differ by at least 20%
from those of the previous corresponding reporting period.
Accordingly, SepHold advises shareholders that the basic earnings per share and headline earnings per share for
the six months ended 30 September 2024 ("H1 2025") compared to the six months ended 30 September 2023
("H1 2024") are expected to increase as follows:
• the basic earnings per share for H1 2025 to be between 13.1 cents and 14.3 cents, representing an
increase of between 69% and 85% (H1 2024: basic earnings per share of 7.74 cents), and
• the headline earnings per share for H1 2025 to be between 13.0 cents and 14.1 cents, representing an
increase of between 72% and 87% (H1 2024: headline earnings per share of 7.54 cents).
The Group's H1 2025 performance was improved for Dangote Cement South Africa Proprietary Limited
("Sephaku Cement") and flat for the Métier Mixed Concrete Proprietary Limited ("Métier") operations. Métier
and Sephaku Cement both demonstrated resilience and agility in maintaining market share. Deteriorating
economic conditions and persistent challenges in the construction sector impacted Métier's sales volumes, but
it still managed to retain EBITDA and earnings to levels achieved during the same period in the previous financial
period.
The SepHold H1 2025 results incorporates six-month results for Sephaku Cement for the period ended 30 June
2024. Sephaku Cement delivered strong growth in EBITDA for the first half of calendar 2024 and presents the
movement seen from the comparative period. However, as reported in the Dangote Cement PLC results
announcement for the nine months ended 30 September 2024, Sephaku Cement's year-to-date revenue only
increased marginally to R2.09 billion (2023: R2.08 billion) and EBITDA remained flat at R208 million (2023: R208
million). The previous improved performance is therefore neutralised during the subsequent three-month
period, mainly due to the impact of unplanned kiln stoppages for repairs that resulted in overheads being
absorbed by lower levels of stock production.
The financial information on which this trading statement is based, has not been reviewed or reported on by the
Company's external auditors.
Financial results webcast and conference call
A results conference webcast and conference call will be held at 11:00 SAST on 11 November 2024.
Registration is required and can be done clicking the following link to obtain the unique dial-in details:
SepHold FY 2025 interim results webcast registration link
SepHold FY 2025 interim results conference call registration link
The results presentation can be downloaded from the Company website from 7:45 SAST on 11 November 2024
using the following link: https://sephakuholdings.com/investor-centre/presentations/
Centurion
1 November 2024
Enquiries contact:
Neil Crafford-Lazarus
Financial Director
info@sephold.co.za
012 648 6300
Sponsor to Sephaku Holdings Limited: Questco Corporate Advisory (Pty) Ltd
About Sephaku Holdings Limited
Sephaku Holdings Limited is a building and construction materials company with a portfolio of investments in the cement
sector in South Africa. The Company's core investments are a 36% stake in Dangote Cement SA (Pty) Ltd and 100% in Métier
Mixed Concrete (Pty) Ltd. SepHold's strategy is to generate growth and realise value for shareholders through the production
of cement and ready mixed concrete in Southern Africa.
www.sephakuholdings.com
Date: 01-11-2024 03:17:00
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