Grand Parade Investments : GPI Interim results presentation December 2021

INTERIM

2022 RESULTS

Mohsin Tajbhai

Chief Executive Officer

Jayson October

Chief Financial Officer

• SALIENT FEATURES
• FINANCIAL REPORT
• INVESTMENT OVERVIEW
• CLOSING
• Q&A

AGENDA

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SALIENT

FEATURES R9.6m decrease in revenue from continuing operations

Dec 2021

R6.0m increase in EBITDA from continuing operations

R8.8m increase in NPAT from continuing operations to R16.5m

R24.7m increase in headline earnings

15% decrease in corporate costs R102.1m decrease in total debt

88c Dividend paid

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PERFORMANCE AGAINST STRATEGIC OBJECTIVES

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Maximize

Value

• Special dividend - 88c
• Largest dividend ever paid

Return

Capital

• Closed BKSA/GFMP transactions - 3rd November 2021
• Exit Non-core assets - Properties
• Exit Mac Brothers
• Exit Spur

3		2	v	Total debt reduced by R102m
Reduce	v Head office costs reduced by
Gearing/		15%
Costs

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FINANCIAL REPORT

Condensed Group

Statement of

Comprehensive

Income

	Dec 2021	Dec 2020	Movement
	(R'000)	(R'000)	(R'000)
Continuing operations		58,944	(9,580)
Revenue	49,364
Cost of Sales	(28,833)	(39,815)	10,982
Gross Profit	20,531	19,129	1,402
Operating costs	(41,526)	(36,064)	(5,462)
Profit from equity-accounted investments	50,752	33,599	17,153
EBITDA Before Non-trading items	29,757	16,664	13,093
Profit on sale of investment property	-	7,091	(7,091)
EBITDA	29,757	23,755	6,002
Depreciation	(4,470)	(4,483)	13
Amortisation	(11)	(16)	5
Profit before finance costs and taxation	25,276	19,256	6,020
Finance income	2,785	310	2,475
Finance costs	(10,956)	(11,169)	213
Profit/(loss) before taxation	17,105	8,397	8,708
Taxation	(599)	(652)	53
Profit/(loss) for the year	16,506	7,745	8,761
Discontinued operations
Profit/(Loss) after tax from discontinued	965	(9,647)	10,612
operations
Profit/(loss) for the year	17,471	(1,902)	19,373

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