2023

INTEGRATED REPORT & FINANCIAL STATEMENTS

2 TANGIBLE WEALTH

  • As an investment company, Centum seeks to generate superior returns for its stakeholders by deploying capital to opportunities that are capable of being scaled up through value creation initiatives. We drive value creation through enhancing and institutionalizing robust governance structures, growing products and markets, resolving operational challenges, and optimizing capital structures."

INSIDE

THIS

REPORT

About this report

4

Our Business Model

6

Sustainability Investing

11

Risk Management

30

Chairman's Statement

37

Corporate Governance

53

Chief Executive Officer's Statement

72

Chief Financial Officer's Statement

92

Our People

95

Business Review

100

Financial Statements

109

The information presented in this report aims to provide our various stakeholders with a clear understanding of the financial, human, social, environmental and economic impact of Centum to enable them to evaluate our ability to create sustainable value for all parties.

About Us

Corporate Governance

Financial Statements

3

About this Report

The scope of this report relates to Centum as

an investment company, and material matters arising from its investment activities through growth portfolio (Private Equity and Real Estate) and Marketable Securities.

This report therefore provides a complete analysis of our business to satisfy the information needs of key stakeholders that use the Integrated Report.

The information presented aims to provide our various stakeholders with a clear understanding of

the financial, human, social, environmental and economic impact of Centum to enable them to evaluate our ability to create sustainable value for all parties.

Framework

Our Integrated Report is prepared in accordance with the International Integrated Reporting Council's Integrated Reporting Framework, adhering to the fundamental concepts.

Additionally, we continue to align to the Kenya Companies Act, 2015, guidelines issued by the Capital Markets Authority and the listing requirements of the Nairobi Securities Exchange as we have done over the years.

The Financial Statements set out on pages 109 to 250 have been prepared in accordance with International Financial Reporting Standards (IFRS).

Scope and Boundary

This report outlines who we are, what we do and how we create value in the short, medium and long-term. It provides insights into our structure, strategy, objectives, performance, governance and future viability.

The report provides an overview of the operations and performance of all businesses in which Centum is invested.

These businesses have been depicted in a simplified ownership and legal structure diagram on page 74.

The scope of this report relates to Centum as an investment company, and material matters arising from its investment activities through the Growth Portfolio and Marketable Securities.

References made within this report refer to Centum Investment Company Plc and all references to the Group denotes the Company and its investments in underlying portfolio companies. Material developments beyond the reporting period up to the date of publishing of this report have been included.

Materiality

This report provides information on all those matters that we believe could substantively affect value creation at Centum. Written primarily for current and prospective investors, the report

is of interest to any stakeholder who wishes to make an informed assessment of Centum's ability to create value over time.

This report presents the identified material information through a clearly structured narrative. Additional information not material for this report, but of interest for other purposes, are provided on our website.

ASSURANCE

To enhance the integrity of our report, the financial statements were audited by PricewaterhouseCoopers LLP in accordance with International Standards on Auditing (ISAs).

The Centum Board Audit Committee verified the independence of the assurance provided.

The External Auditor's report in relation to the financial statements of the Group and the Company is set out on pages 116 to 121 of this report.

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5

Financial Statements

Corporate Governance

About Us

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Disclaimer

Centum Investment Company plc published this content on 30 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2023 19:47:02 UTC.