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Unaudited Interim Group Results for the six months ended 31 March 2022
Netcare Limited
("Netcare", "the Company" or "the Group")
Registration number: 1996/008242/06
(Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
Unaudited Interim Group Results for the six months ended 31 March 2022
- Group EBITDA up 8.1% to R1.6 billion
- Adjusted HEPS up 28.9% to 35.2 cents
- Interim dividend per share 20.0 cents
Summarised Group financial information
Unaudited 31 March 31 March %
Rm 2022 2021 change
Statement of profit or loss
Revenue 10 311 10 081 2.3
EBITDA 1 614 1 493 8.1
Operating profit 1 032 915 12.8
Profit for the period 448 375 19.5
Statement of financial position
Total assets 25 331 27 036 (6.3)
Total liabilities 14 742 16 829 (12.4)
Total shareholders' equity 10 589 10 207 3.7
Net debt 5 379 6 072 (11.4)
Earnings and dividends per share (cents)
Basic earnings per share 30.7 26.3 16.7
Headline earnings per share 31.9 26.6 19.9
Adjusted headline earnings per share 35.2 27.3 28.9
Interim dividend per share 20.0 Nil
Declaration of dividend number 23
Notice is hereby given of the declaration of a gross interim dividend of 20.0 cents per ordinary share
in respect of the period ended 31 March 2022. The dividend has been declared from income reserves and
is payable to shareholders recorded in the register at the close of business on Friday, 8 July 2022.
The number of ordinary shares (inclusive of treasury shares) in issue at the date of this declaration
is 1 439 090 009. The dividends will be subject to a local dividend withholding tax at a rate of 20%,
which will result in a net interim dividend to those shareholders not exempt from paying dividend
withholding tax of 16.0 cents per ordinary share and 20.0 cents per ordinary share for those
shareholders who are exempt from dividend withholding tax.
The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the
Companies Act 71 of 2008 has been duly considered, applied and satisfied.
The salient dates applicable to the dividend are as follows:
Last day to trade cum dividend Tuesday, 5 July 2022
Trading ex-dividend commences Wednesday, 6 July 2022
Record date Friday, 8 July 2022
Payment date Monday, 11 July 2022
Share certificates may not be dematerialised nor rematerialised between Wednesday, 6 July 2022
and Friday, 8 July 2022, both dates inclusive.
On Monday, 11 July 2022, the dividends will be electronically transferred to the bank accounts of all
certificated shareholders. Holders of dematerialised shares will have their accounts credited at their
participant or broker on Monday, 11 July 2022.
Netcare Limited's tax reference number is 9999/581/71/4.
This short-form announcement is the responsibility of the directors of the Company and is only a summary
of the full announcement, which is published on the Company's website on http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results,
and does not contain complete or full details. Any investment decisions by investors and/or shareholders
should be based on consideration of the full announcement.
The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/NTC/ie2022.pdf.
The full announcement is also available for inspection at the Company's registered office by investors
and/or shareholders at no charge, during normal business hours.
23 May 2022
Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010
Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer)
Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, T Leoka,
KD Moroka, R Phillips
Company Secretary: C Vikisi
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandown, 2196
Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park,
33 Ballyclare Drive, Bryanston
Tel: 011 100 8352
Investor relations: ir@netcare.co.za
Date: 23-05-2022 08:00:00
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