CARTRACK HOLDINGS LIMITED - Trading Statement

Trading Statement

Cartrack Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
JSE share code: CTK
ISIN: ZAE000198305
(“Cartrack” or the “Company” or the “Group”)

Trading statement in accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited

Cartrack is publishing a trading statement for the six months ended 31 August 2018 (“HY19”) and
expects the HY19 results to fall within the following range:


                                                                     HY19                 HY18


                                  Growth on prior period     Expected range (cps)          cps
                                          (%)
 Headline    Earnings       Per          20 - 30                    56 – 60                46,2
 Share
 Basic Earnings Per Share                20 - 30                    56 – 60                46,6


The Group achieved robust growth of more than 25% in both the subscriber base and subscription
revenue. These are both key performance indicators.

The HY19 is the first set of interim results of the Group where IFRS 9 Financial Instruments, IFRS 15
Revenue from Contracts with Customers and IFRS 16 Leases will be applied. Most significantly, the
Group now treats cash sales in the same manner as rental sales by capitalising the cost of the unit and
other incremental costs and depreciating these capitalised costs over a period of between 12 to 60
months. Similarly, revenue is recognised over a period of between 12 to 60 months, irrespective
whether a rental or a cash sale. These new standards, better align the reporting of Cartrack’s results
to its competitors and will allow improved year-on-year comparisons.

The financial information contained in this trading statement has not been reviewed nor reported on
by the Group’s external auditors.

The Company expects to release its interim results for HY19 on 31 October 2018.

Johannesburg
19 October 2018

Sponsor: The Standard Bank of South Africa Limited

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