MOTUS HOLDINGS LIMITED - Trading Statement and Operational Update

Trading Statement and Operational Update

Motus Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 2017/451730/06
Share code: MTH    ISIN: ZAE000261913
("Motus" or "Group")


TRADING STATEMENT AND OPERATIONAL UPDATE


Trading Statement

In terms of the Listings Requirements of the JSE Limited, companies are required to publish
a trading statement as soon as they become reasonably certain that the financial results
for the period to be reported on will differ by more than 20% from that of the previous
corresponding period.

A review by management of the projected financial results for the twelve months ending
30 June 2024 indicates that:

Revenue is expected to increase by single digits compared to the prior year and earnings
before interest, taxation, depreciation and amortisation (EBITDA) is expected to remain in
line with the prior year.

                                 Projection for the           Actual for the     Projected
                                   twelve months to         twelve months to    percentage
                                       30 June 2024             30 June 2023         range
                                                                                  decrease

Earnings per share            1 305 cents per share    2 008 cents per share    25% to 35%
(EPS)                      to 1 505 cents per share

Headline earnings          1 330 cents per share to    2 046 cents per share    25% to 35%
per share (HEPS)              1 535 cents per share


The financial information on which this trading statement is based (and any other
information contained in this announcement) have not been reviewed or reported on by
Motus' external auditors.


Economic environment

The South African trading environment remains very challenging, marked by uncertainty
created by the elections, high interest rates, fuel prices and energy costs. As a result of
these factors, consumers are experiencing considerable strain on their disposable income.
The higher-than-normal vehicle and parts price inflation, exacerbated by the impact of the
weak Rand, has negatively impacted affordability.

The oversupply of vehicles from the Original Equipment Manufacturers (OEMs) is
moderating. However, additional "discounts" which are continuing to generate vehicle sales
are negatively impacting margins.

Motus' primary strategies of international expansion and diversification beyond vehicle
sales profitability are supporting business segments that are more significantly affected by
limited consumer spending.


Shareholder returns

It is anticipated that a dividend will be paid in October 2024.


Liquidity

Net debt is decreasing due to declining inventory levels since July 2023, and declining
levels of vehicles for hire compared to December 2023, due to reduced seasonal demand.
We remain well within agreed bank covenant levels with more than sufficient banking
facilities.


Strategy

The long-term strategic priorities of the Group remain unchanged and are focused on
ensuring that we are the leading automotive group in South Africa, with a select
international presence in the United Kingdom and Australia, and a limited presence in Asia
and Southern and East Africa.

We are confident that our diversified integrated business model, implementation of existing
strategic initiatives and the experienced management team, will successfully navigate the
Group during these difficult times.


Audited financial results

The audited financial results of the Group for the twelve months ending 30 June 2024 will
be published on 3 September 2024, with the investor presentation being hosted virtually
and in-person at the JSE (One Exchange Square, Gwen Lane, Sandown, 2196) at 09:00 on
3 September 2024.


By order of the Board


Johannesburg
12 June 2024


Sponsor
Merchantec Capital


Disclaimer:

Certain statements in this announcement are not reported financial results or historical
information, but forward-looking statements. These statements contain the views and
forecasts of management at the time of the publication of this announcement and are
predictions or indicate future events, trends, prospects, objectives, earnings or plans. If
one or more of these risks materialise, or should underlying assumptions prove incorrect,
the actual results may differ materially from those anticipated. There are several factors
that could cause actual results and developments to differ materially from those expressed
or implied by these forward-looking statements. Forward-looking statements apply only as
of the date on which they are made, and we do not undertake any obligation to update or
revise any of them, whether because of new information, future events or otherwise.

Date: 12-06-2024 08:00:00
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