NETCARE LIMITED – Summary of the Group’s results for the financial year ended September 30, 2021 and Appointment of independent non-executive directors – SENS


                            

Summarised Group Results for the year ended 30 September 2021 and Appointment of independent non-executive directors

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

Summarised Group Results for the year ended 30 September 2021 and appointment of
non-executive directors and declaration of dividend

– Group EBITDA up 26.8% to R3.2 billion
– Adjusted HEPS up 107.4% to 67.4 cents
– Resumption of dividend payments 34.0 cents

Group financial information

Year ended
30 September 30 September %
Rm 2021 2020 change
Statement of profit or loss
Revenue 21 200 18 843 12.5
EBITDA before items below 3 244 2 558 26.8
Once-off adjusted items1 – 174
EBITDA 3 244 2 732 18.7
Operating profit 2 076 1 567 32.5
Profit for the year 760 439 73.1
Statement of financial position
Total assets 25 621 25 944 (1.2)
Total liabilities 15 032 16 145 (6.9)
Total shareholders’ equity 10 589 9 799 8.1
Net debt (excluding lease liabilities) 5 331 6 423 (17.0)
Earnings and dividends per share (cents)
Basic earnings per share 54.6 28.3 92.9
Diluted earnings per share 54.3 28.1 93.2
Headline earnings/(loss) per share 61.5 (3.6)
Adjusted headline earnings per share2 67.4 32.5 107.4
Dividend per share 34.0 –

1. 2020 includes R522 million profit on disposal of investment in associate and R348 million share-based
payment expense on B-BBEE transaction.

2. Defined in the summarised audited Group results.

Netcare’s independent auditor, Deloitte & Touche, has issued its opinion on the consolidated financial statements
for the year ended 30 September 2021, which includes key audit matters and which can be accessed via the Netcare
Investor Relations website at http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.
Deloitte & Touche has issued an unmodified opinion with a reportable irregularity therein. This related to
a matter concerning a breach of controls and an unauthorised payment of an immaterial amount, initiated by an
executive, which was identified through the Group’s internal processes.

This short-form announcement is the responsibility of the directors of the Company. This short-form announcement
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. This short-form announcement is extracted from audited results but is itself not audited.

The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2021/jse/isse/NTC/ye2021.pdf.

The full announcement is also available for inspection at the Company’s registered office for investors
and/or shareholders at no charge, during normal business hours.

The consolidated financial statements can be accessed via the Netcare website on
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.

22 November 2021

Declaration of dividend number 22

Notice is hereby given of the declaration of a gross final dividend of 34.0 cents per ordinary share in respect
of the year ended 30 September 2021. The dividend has been declared from income reserves and is payable to
shareholders recorded in the register at the close of business on Friday, 28 January 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 final dividend
to those shareholders not exempt from paying dividend withholding tax of 27.2 cents per ordinary share and 34.0
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 dividends are as follows:

Last day to trade cum dividend Tuesday, 25 January 2022
Trading ex-dividend commences Wednesday, 26 January 2022
Record date Friday, 28 January 2022
Payment date Monday, 31 January 2022

Share certificates may not be dematerialised nor rematerialised between Wednesday, 26 January 2022
and Friday, 28 January 2022, both dates inclusive.

On Monday, 31 January 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, 31 January 2022.

Netcare Limited’s tax reference number is 9999/581/71/4.

Appointment of independent non-executive directors

Netcare is pleased to announce the appointment of Dr Rozett Phillips and Dr Thabi Leoka as independent
non-executive directors with effect from 1 January 2022.

Dr Phillips will also be joining the Social and Ethics and Consistency of Care committees, and Dr Leoka
will be joining the Audit and Social and Ethics committees.

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, KD Moroka

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]

http://www.netcare.co.za

Date: 22-11-2021 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

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