Mustek : interim virtual presentation for the period ended 31 December 2023 (2.1m)

RESULTS ANNOUNCEMENT

for the six months ended 31 December 2023

Virtual Presentation

Date | 6 March 2024

Time | 11h00

Presentation starts soon

Results announcement

for the six months ended 31 December 2023

Virtual Presentation

Date | 6 March 2024

Time | 11h00

Presentation starts soon

Hein Engelbrecht	Baker Ebrahim
Group CEO	Group FD
heine@mustek	.co.za

3

GROUP SALIENT

FEATURES

REVENUE

R4.3bn down

13%

HEPS

91 cents	down
59%

GP Margin

down from

13.4% 14.1%

NAV

per share

R27,25 No

change

PBT

down

R69m 61%

CASH

used in OPS

R126m	Dec '22
R125m

Results of the six months ended 31 December 2023

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GROUP OVERVIEW

Established in

1987

End-to-end IT

and sustainable

technology

solutions provider

Listed on the JSE

in 1997Our mission is centred on

anticipating material stakeholder needs for long-term sustainability

National presence

Results of the six months ended 31 December 2023

5

GROUP STRUCTURE

Distribution	Training	Manufacturing	Service
assembly	and support

Results of the six months ended 31 December 2023

6

GROUP BRAND PORTFOLIO

Edge / Client

Gaming

Software / Cloud

Results of the six months ended 31 December 2023

7

GROUP BRAND PORTFOLIO

Network /

Infrastructure /

Servers

Sustainable energy

Security &

Compliance

Training &

Enablement

Results of the six months ended 31 December 2023

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FINANCIAL SUMMARY

		H1:21	H2:21	H1:22	H2:22	H1:23	H2:23	H1:24
Revenue	(R billion)	3.7	4.3	4.2	4.8	4.9	5.2	4.3
Gross Profit	(R million)	516	672	677	596	691	722	570
GP margin	(%)	13.9%	15.6%	16.2%	12.5%	14.1%	13.8%	13.4%

EBITDA	(R million)	236	280	277	179	268	240	213
Net Profit	(R million)	140	157	152	73	129	90	52
HEPS	(cents)	202	240	237	120	222	153	91
NAV/Share	(cents)	1 761	2 046	2 259	2 395	2 575	2 724	2 725

Results of the six months ended 31 December 2023 9

REVENUE

R billion

• Green energy products decline

6
					4.9	5.2
5				4.8
	4.3					4.3
		4.2
4	3.7
3
2
1
0
	H1:21	H2:21	H1:22	H2:22	H1:23	H2:23	H1:24

• Overall subdued consumer confidence
• Traditional business stablisation

Results of the six months ended 31 December 2023 10