Netcare: unaudited interim group results for the six months ended March 31, 2022

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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: [email protected]


Date: 23-05-2022 08:00:00
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Warning

netcare ltd. published this content on May 23, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on May 23, 2022 06:05:03 UTC.

Public now 2022

All the news from NETCARE LIMITED

2022 sales 22,944 million
1,445 million
1,445 million
2022 net income 1,263 million
79.5 million
79.5 million
Net debt 2022 9,697 million
611M
611M
PER 2022 ratio 16.9x
2022 return 3.90%
Capitalization 20,055 million
1,263 million
1,263 million
EV / Sales 2022 1.30x
EV / Sales 2023 1.18x
# of employees 20,370
Floating 92.9%


Duration :

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Medium consensus HOLD
Number of analysts 6
Last closing price ZAR15.00
Average target price ZAR16.73
Average Spread / Target 11.6%


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