ADVANCED HEALTH LIMITED - Unaudited Condensed Consolidated Interim Financial Statements for the six months ended 31 December 2020

Unaudited Condensed Consolidated Interim Financial Statements for the six months ended 31 December 2020

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced”)
ISIN Code: ZAE000189049        JSE Code: AVL


 UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE
 SIX MONTHS ENDED 31 DECEMBER 2020


HIGHLIGHTS

    - Revenue increased by 30% to R340.1 million (2019: R261.8 million).
    - EBITDA improved by 84% to R71.9 million (2019: R39.0 million).
    - Loss of R5.6 million (2019: loss of R20.0 million) from continuing operations was reduced by 72%.
    - Cash generated from operations increased by 67% to R73.1 million (2019: R43.9 million).
    - Basic loss per share from both continuing and discontinued operations decreased to 2.90 cents
      (2019: basic loss per share of 7.47 cents).
    - Headline loss per share decreased to 2.16 cents (2019: headline loss per share of 6.92 cents).

No dividend is proposed or recommended for the six-month period ended 31 December 2020.

Short-form announcement
The contents of the short-form announcement are the responsibility of the Board of Directors of Advanced Health
Limited. The information in the short-form announcement is a summary of the full announcement and accordingly
does not contain full or complete details. The full announcement is available for inspection at no charge, Monday to
Friday, during office hours at the company’s registered office, the office of the Designated Advisor and on the
Company’s website on http://www.advancedhealth.co.za/ from 26 February 2021. The full announcement is available
on SENS from 26 February 2021 at https://senspdf.jse.co.za/documents/2021/jse/isse/AVL/DEC2020AVL.pdf.

The information in this announcement has been extracted from the unaudited condensed consolidated interim
financial statements for the six months ended 31 December 2020 and the short-form announcement itself has not
been reviewed by the Company’s auditors. Any investment decisions by shareholders/investors should be based on
the full announcement released to the JSE and published on the Company’s website.


CORPORATE INFORMATION
Advanced Health Limited                                        Registered Address:
(Incorporated in the Republic of South Africa)                 Building 3, Walker Creek Office Park
Registration number: 2013/059246/06                            90 Florence Ribeiro Avenue
ISIN: ZAE000189049 JSE Code: AVL                               Muckleneuk
                                                               0002
                                                               Postnet Suite 668, Private Bag X1
                                                               The Willows, 0041
 Executive directors                                           Non-Executive Directors
 GJ van Emmenis (Chief Executive Officer)                      FA van Hoogstraten (Lead Independent)
 S Chonco (Chief Financial Officer)                            CA Grillenberger (Chairman)
 MC Resnik# (Chief Operational Officer Australia)              PJ Jaffe#
 D Goss-Ross (Chief Operational Officer South Africa)          CJPG van Zyl
                                                               Dr WT Mthembu
                                                               Dr J Oelofse
                                                               YJ Visser
                                                               Dr KE Legodi

# Australian

Company Secretary:      M Janse van Rensburg
Auditors:               Mazars
Transfer Secretaries:   Link Market Services Proprietary Limited

Date of announcement: 26 February 2021
Designated Advisor
Grindrod Bank Limited
Date: 26-02-2021 11:30:00
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