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SEPHAKU HOLDINGS LIMITED - Summarised provisional audited financial results for the year ended 31 March 2022

2022/06/23 07:05:00

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                    Summarised provisional audited financial results for the year ended 31 March 2022

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“SepHold” or the “Company”)

                Summarised provisional audited financial results for the year ended 31 March 2022
                                          Short-form announcement

SepHold hereby reports on the summarised provisional audited financial results for the year ended
31 March 2022 ('FY 2022'). SepHold, Métier Mixed Concrete (Pty) Ltd ('Métier' or 'the subsidiary') and
Dangote Cement SA (Pty) Ltd ('SepCem' or 'the associate') are collectively referred to as the group.

Salient points
    -        Group consolidated revenue*: R786 million (FY 2021: R634 million)
    -        Net profit after tax: R45 million (FY 2021: R20 million)
    -        Basic earnings per share: 17.52 cents (FY 2021: 7.83 cents)
    -        Headline earnings per share: 17.67 cents (FY 2021: 6.09 cents)

    -        EBITDA: R75 million (FY 2021: R55 million)
    -        EBITDA margin: 9.5% (FY 2021: 8.7%)
    -        Net profit after tax: R30 million (FY 2021: R17 million)


    -        Sales revenue: R2,6 billion (FY 2021: R2,4 billion)
    -        EBITDA: R375 million (FY 2021: R382 million)
    -        EBITDA margin: 14.6% (FY 2021: 15.9%)
    -        Net profit after tax: R82 million (FY 2021: R44 million
    -        SepCem equity – accounted profit to group : R29 million (FY 2021: R16 million)

* The group revenue is all from Métier's operations as the 100% subsidiary of SepHold.

¹ SepCem has a December year-end as a subsidiary of Dangote Cement PLC ('DCP'). The FY 2022 figures are for the 12 months ended
  31 December 2021, and FY 2021 figures are for the 12 months ended 31 December 2020.

Investor audio webcast and conference call
An audio webcast and conference call to discuss the financial results will be hosted on Thursday, 23 June 2022,
at 10:00. To receive unique access details, all participants must pre-register using the following hyperlink -
SepHold FY 2022 results webcast registration link. The results presentation will be available on the Company's
website 30 minutes before the event for downloading via the link: http://sephakuholdings.com/investor-

Audit report
The Company’s independent auditor, BDO South Africa Incorporated, has issued an unqualified audit opinion
on the underlying annual financial statements. The independent auditor’s report includes a section on key
audit matters. The full auditor’s report and annual financial statements are available for inspection at the
company’s registered office and may also be requested by email at info@sephold.co.za. The full auditors
report and annual financial statements are also available on the Company’s website:

Director’s statement
The contents of this short-form announcement are the responsibility of the Board. Shareholders are advised
that this short-form announcement represents a summary of the information contained in the full
announcement, published on the SENS at
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/SEP/FY2022.pdf and on SepHold’s website at
www.sephakuholdings.com on 23 June 2022.

The full announcement is available for inspection at no charge during normal business hours at SepHold’s
registered office. Copies of the full announcement may also be requested by email at info@sephold.co.za. Any
investment decisions by investors and/or shareholders should be based on consideration of the full
announcement as a whole and shareholders are encouraged to review the full announcement, which is
available for viewing on SENS and the Company’s website as set out above.

23 June 2022

Sakhile Ndlovu
Investor Relations Officer
Tel: +27 12 648 6300
Email: info@sephold.co.za

Sponsor: Questco Corporate Advisory Proprietary Limited

About Sephaku Holdings Limited

Sephaku Holdings Limited is a building and construction materials company with a portfolio of investments in the cement and mixed
concrete sectors in South Africa. The company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd and 100% in
Métier Mixed Concrete (Pty) Ltd. SepHold’s strategy is to generate income and realise value for shareholders through the production of
cement and ready mixed concrete in Southern Africa. www.sephakuholdings.com

Date: 23-06-2022 07:05:00
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