Super : REVIEWED FINAL RESULTS

REVIEWED FINAL RESULTS AND CASH DIVIDEND DECLARATION

FOR THE YEAR ENDED 30 JUNE 2023

2023

CONTENTS

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PERFORMANCE HIGHLIGHTS

OPERATING CONTEXT

FINANCIAL PERFORMANCE

DIVISIONAL REVIEW

SUPPLY CHAIN

Supply Chain Africa

Supply Chain Europe

FLEET SOLUTIONS

SG Fleet

Fleet Africa

DEALERSHIPS

Dealerships SA

Dealerships UK

SERVICES

COMPARISON WITH PRE-COVID PERFORMANCE

ACQUISITION SUBSEQUENT TO YEAR END

DIVIDEND DECLARATION

PROSPECTS

APPRECIATION

INDEPENDENT AUDITOR'S REVIEW REPORT

BASIS OF PREPARATION AND ACCOUNTING POLICIES

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY OPERATING SEGMENTS

BUSINESS COMBINATIONS

SALIENT FEATURES

CORPORATE INFORMATION

Super Group Limited

(Incorporated in the Republic of South Africa) (Registration number: 1943/016107/06) Share code: SPG

ISIN: ZAE000161832

LEI: 378900A8FDADE26AD654

Debt Company Code: BISGL

("Super Group" or "the Group" or "the Company")

1. Reviewed Final Results and Cash Dividend Declaration for the year ended 30 June 2023

PERFORMANCE HIGHLIGHTS

For the year ended 30 June 2023

Revenue increased by

30.6% to

R61.88 BILLION

(JUNE 2022: R47.37 BILLION)*

Operating profit

increased by 20.7% to

R3.95 BILLION

(JUNE 2022: R3.27 BILLION)

Earnings per share

increased by 24.9% to

472.9 CENTS

(JUNE 2022: 378.5 CENTS)

EBITDA increased by

20.8% to

R8.49 BILLION

(JUNE 2022: R7.03 BILLION)

Profit before taxation

increased by 18.7% to

R2.97 BILLION

(JUNE 2022: R2.50 BILLION)

Headline earnings per share increased by 23.3% to

469.4 CENTS

(JUNE 2022: 380.7 CENTS)

Operating cash flow increased by 18.9% to

R8.72 BILLION

(JUNE 2022: R7.33 BILLION)

Net asset value per share increased by 20.5% to

R46.27

(30 JUNE 2022: R38.40)

* Restated from R46.24 billion.

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OPERATING CONTEXT

In a volatile socio-economic climate, Super Group continues to demonstrate the adaptability and resilience required to leverage market challenges as opportunities for growth. With diversified operations across the globe experiencing the adverse impact of events such as surging inflation, ongoing product shortages and the war in Ukraine, the Group proactively adjusted its business models, client solutions and operational processes to stay relevant and competitive. This agility allowed Super Group to seize growth opportunities and successfully reposition itself

in response to shifting consumer demands and market dynamics. Despite significant global economic headwinds, the Group delivered record results.

The prioritisation of innovation and operational excellence has been vital to these efforts, with technology-based solutions remaining key to new business wins and client retention. The investment in fit-for-purpose assets has also unlocked efficiencies and created capacity for growth, with integration across operating companies minimising costs and creating shared value-creation opportunities.

Super Group's diversification strategy has further buoyed performance in a turbulent trading environment. The Group's operations span multiple geographies, industries, markets and currencies and it remains well positioned to manage fluctuating demand and supply chain disruptions.

FINANCIAL PERFORMANCE

The Group continued to optimise the opportunities inherent in challenging and changing markets. Super Group's competitiveness was evidenced in significant new client wins, contract renewals and market share gains. Rigorous cost management mitigated escalating inflation, diesel price increases and Rand volatility.

The Group's revenue increased by 30.6% to R61.88 billion (June 2022: R47.37 billion) and EBITDA increased by 20.8% to R8.49 billion (June

2022: R7.03 billion), driven by strong sales performances in Supply Chain Africa, Dealerships SA and Dealerships UK. The revenue of SG Fleet included a full year's performance from LeasePlan compared to 10 months in the prior year.

Operating profit increased by 20.7% to R3.95 billion (June 2022: R3.27 billion), benefiting from the higher consumer, convenience and commodity volumes in Supply Chain Africa. Operating margins improved in Supply Chain Africa, Supply Chain Europe and Dealerships SA. The overall Group margin remained at 6.4% when excluding Services. Excluding the Services Segment, operating profit increased by 30.5% from R3.05 billion to R3.98 billion.

Super Group's revenue and operating profit contributions from its non-South African businesses were 54% (June 2022: 52%) and 56%

(June 2022: 60%), respectively.

The geographical diversity of the Group is illustrated below:

Revenue contribution per region		Operating profit contribution per region
	7%						3%
			3%				7%
15%				33%			2%
		2%
27%			46%					44%
						11%
South Africa		United Kingdom			Australia		South Africa		United Kingdom				Australia
Europe		New Zealand			Africa and other		Europe		New Zealand				Africa and other

2 Reviewed Final Results and Cash Dividend Declaration for the year ended 30 June 2023

FINANCIAL PERFORMANCE continued

Net finance costs increased by 31.5% to R1.0 billion (June 2022: R763.3 million), mainly due to interest rate increases, higher levels of inventories in the Dealerships operations and the inclusion of LeasePlan for the full year.

Profit before taxation increased by 18.7% to R2.97 billion (June 2022: R2.50 billion). Excluding the Services Segment, profit before taxation increased by 31.2% from R2.30 billion to R3.02 billion.

Earnings per share increased by 24.9% to 472.9 cents (June 2022: 378.5 cents) and headline earnings per share increased by 23.3% to

469.4 cents (June 2022: 380.7 cents). The weighted average number of shares decreased by 6.1% to 337.8 million (June 2022: 359.6 million) as a result of the Group repurchasing 25 197 982 shares over the past 18 months.

Total assets increased by 25.9% to R73.03 billion (30 June 2022: R58.03 billion) largely as a result of the impact of the weakening Rand on translating foreign operations, increased vehicle fleets in the Supply Chain businesses, increased lease portfolio assets in SG Fleet and higher inventory levels as a result of improved availability of stock in the dealerships.

The Group's return on net operating assets (RNOA), after tax, was 10.2% for the year ended 30 June 2023, with the Group's weighted average cost of capital (WACC) being 7.0%.

Super Group raised a net R1.81 billion of listed senior unsecured notes during the year. Of the amount raised, R810 million was earmarked for the acquisition of 78.82% of CBW Group Holdings Limited (trading as Amco) concluded post year-end. Headquartered in the United Kingdom, Amco is a transport and logistics business and a leading provider of specialist land, air and sea logistics.

The net debt position, excluding Right Of Use (ROU) lease liabilities and securitised lease portfolio warehouse borrowings, was R4.38 billion

(30 June 2022: R3.74 billion). The net debt to equity (gearing) ratio, excluding ROU lease liabilities and securitised lease portfolio warehouse

borrowings, was 22.5% at 30 June 2023 (30 June 2022: 22.1%). The Group continued to meet its debt covenants and has sufficient cash and debt facilities to meet its current obligations.

The net asset value per share increased by 20.5% to R46.27 (30 June 2022: R38.40).

Operating cash flow increased by 18.9% to R8.72 billion (June 2022: R7.33 billion). Working capital outflow of R4.27 billion was recorded compared to an outflow of R2.57 billion in the prior year. This largely reflects a R4.79 billion net increase in lease portfolio assets within the Fleet Division. Total dividends paid to Super Group shareholders was R211.3 million (June 2022: R174.5 million).

Acquisitions of businesses, net of cash acquired, was R502.8 million (June 2022: R5.0 billion), which included 100% of the Delgarth dealerships, the Gillingham Ford dealership and a Suzuki dealership in the United Kingdom, 75% of Transporte Inmediato and Delver in the north of Spain, and 51% of RSC and Clean Tech in Supply Chain Africa.

Cash outflow applied in the acquisition of Super Group shares was R527.8 million (June 2022: R291.1 million). Super Group Limited bought and cancelled a total of 17 535 265 shares during the year as part of a Board approved share repurchase programme.

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