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Trading statement in respect of the year ended 29 February 2020
RAUBEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX
ISIN: ZAE000093183
(“Raubex” or “the Company”)
TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 29 FEBRUARY 2020
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a
trading statement as soon as they are satisfied that, with a reasonable degree of certainty, the financial results
for the current reporting period will differ by at least 20% from the financial results of the previous
corresponding period.
Shareholders are advised that, for the year ended 29 February 2020, Raubex expects its earnings per share to
be at least 325% higher and headline earnings per share to be at least 75% higher than the earnings per share
and headline earnings per share from the previous corresponding period. This translates to earnings per share
being at least 103,7 cents higher and headline earnings per share being at least 42,8 cents higher than the
earnings per share and headline earnings per share of 31,9 cents and 57,0 cents achieved in the previous
corresponding period respectively.
Shareholders are referred to the SENS announcement released on 28 February 2020 titled “Disposal of Raubex
Property Investments Proprietary Limited to Acorn Black Investments Proprietary Limited” and are further
advised that i) the initial fair value charge of R53,0 million after tax relating to the financing structure of the
transaction and ii) the profit on disposal of R56,7 million after tax relating to the disposal of the property
portfolio have been taken into consideration in the guidance above. In terms of the JSE Listings Requirements,
which require the calculation of headline earnings per share, the fair value charge of R53,0 million after tax has
been included in headline earnings per share, while the profit on disposal of R56,7 million after tax has been
excluded from headline earnings per share and is a reconciling item between earnings per share and headline
earnings per share.
The significant increase in earnings compared to the previous corresponding period is due to a present value
charge and work in progress adjustment of R75,9 million after tax, related to the accounts receivable balance
due from the Road Development Agency in Zambia, together with a goodwill impairment charge of R51,5
million after tax, attributable to the asphalt cash-generating unit, both of these charges having been incurred
in the previous corresponding period and are non-recurring.
The improvement in operating performance is attributable to the positive effect from the rightsizing initiatives
undertaken in the previous corresponding period in the roads and earthworks division as well as an increase in
activity in the infrastructure division.
In terms of paragraph 3.4(b)(iii)(3) of the JSE Limited Listings Requirements, once more certainty is obtained,
the Company will provide further guidance.
The financial information on which this trading statement is based has not been reviewed or reported on by
the Company’s auditors.
The release of the results for the year ended 29 February 2020 is anticipated to be published on or about 11
May 2020.
Centurion
9 March 2020
Sponsor
Investec Bank Limited
Date: 09-03-2020 11:30:00
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