UNAUDITED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED

30 SEPTEMBER 2021

31 July 2020

AGENDA

1

2

3

4

5

HOW HAS YOUR FINANCIAL PERFORMANCE

RECOVERED POST-COVID-19?

HAS TRADING NORMALISED?

HOW ARE THE MÉTIER & SEPCEM'S OPERATIONS GOING?

ARE THERE LINGERING COVID-19 IMPACTS AND HOW ARE THEY AFFECTING THE BUSINESS?

WHAT ARE YOUR VIEWS ON THE MEDIUM-TERM PROSPECTS FOR THE BUILDINGS MATERIALS INDUSTRY?

FY2022 INTERIM FINANCIAL RESULTS

1

DISCLAIMER

The information contained in this presentation has not been subject to any independent audit or review and may contain forward- looking statements, estimates and projections. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including, without limitation, those concerning: Sephaku Holdings' strategy; the economic outlook for the industry; production; cash costs and other operating results; growth prospects and outlook for Sephaku Holdings' operations, individually or in the aggregate; liquidity and capital resources and expenditure; and the outcome and consequences of any pending litigation proceedings.

These forward-looking statements are not based on historical facts, but rather reflect Sephaku Holdings' current expectations concerning future results, events and generally may be identified by the use of forward-looking words or phrases such as "believe", "target", "aim", "expect", "anticipate", "intend", "project" ,"foresee", "forecast", "likely", "should", "planned", "may", "estimated", "potential" or similar words and phrases. Similarly, statements concerning Sephaku Holdings' objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may affect Sephaku Holdings' actual results, performance or achievements expressed or implied by these forward- looking statements.

Whilst all reasonable care has been taken to ensure that the facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable, it has not been independently verified and no representation or warranty, expressed or implied, is made by Sephaku Holdings or any subsidiary or affiliate of Sephaku Holdings with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. In particular, certain of the financial information contained herein has been derived from sources such as accounts maintained by management of Sephaku Holdings in the ordinary course of business, which have not been independently verified or audited.

Neither Sephaku Holdings nor any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss or damage howsoever arising from any use of this presentation or its contents, or any action taken by you or any of your officers, employees, agents or associates on the basis of this presentation or its contents or otherwise arising in connection therewith. Although Sephaku holdings believes that estimates and projections reflected in the forward- looking statements are reasonable, they may prove materially incorrect, and actual results may materially differ. As a result, you should not rely on these forward-looking statements. Sephaku Holdings undertakes no obligation to update or revise any forward- looking statements.

FY2022 INTERIM FINANCIAL RESULTS

2

1

HOW HAS YOUR

FINANCIAL

PERFORMANCE

RECOVERED

POST- COVID-19?

How has your financial performance recovered post-COVID-19?

"Significantly improved albeit from a low base"

GROUP

  • Net profit after tax of R17,8 million
    • H1 2021: net loss after tax of
      R29,6 million
  • Basic EPS of 6.98 cents
    • H1 2021: basic loss per share of 11.65 cents
  • HEPS of 7.03 cents
    • H1 2021: headline loss per share of 13.47 cents
  • SepCem equity accounted earnings of R2,8 million
    • H1 2021: accounted loss of
      R30,1 million

MÉTIER MIXED

CONCRETE

  • Sales revenue of R411,8 million
    • H1 2021: R291,1 million
  • EBITDA of R44,6 million
    • H1 2021: R27,4 million
  • EBITDA margin of 10.8%
    • H1 2021: 9.4%
  • EBIT margin of 7.6% at

R31,4 million

    • H1 2021: 5.5% at R15,9 million
  • Net profit after tax of

R20,1 million

  • H1 2021: net profit after tax of
    R7,5 million

SEPHAKU CEMENT

SepCem has a December year-end as a subsidiary of Dangote Cement PLC *.

  • Sales revenue of R1,2 billion
    • H1 2020 : R0,9 billion
  • EBITDA of R148,8 million
    • H1 2020 : R59,8 million
  • EBITDA margin of 12.4%
    • H1 2020 : 6.8%
  • EBIT margin of 5.7% at R67,7 million
    • H1 2020 : nil at loss R0,95 million
  • Net profit after tax of

R7,7 million

  • H1 2020 : net loss after tax of
    R83,7 million

* H1 2020 refers to the 6 months ended 30 June 2020 for SepCem because the 4associate has a December year-end.

FY2022 INTERIM FINANCIAL RESULTS

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Sephaku Holdings Limited published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 15:12:06 UTC.