Netcare Limited Group Results for the year ended 30 September 2020 Netcare Limited ("Netcare", "the Company" or "the Group") Registration number: 1996/008242/06 (Incorporated in the Republic of South Africa) JSE ordinary share code: NTC ISIN: ZAE000011953 JSE preference share code: NTCP ISIN: ZAE000081121 Netcare Limited Group Results for the year ended 30 September 2020 - Group EBITDA down to R2.6 billion (pre-IFRS 16: R2.1 billion) - Adjusted HEPS down to 32.5 cents (pre-IFRS 16: 47.6 cents) - R5.6 billion cash resources and committed undrawn facilities at 30 September 2020 Group financial information Year ended 30 September 30 September % 2020 2019 change Rm Statement of profit or loss Revenue 18 843 21 589 (12.7) EBITDA before items below 2 558 4 388 (41.7) Exceptional items1 174 128 EBITDA 2 732 4 516 (39.5) Operating profit 1 567 3 768 (58.4) Profit for the year 439 2 478 (82.3) Statement of financial position Total assets 25 944 21 415 21.1 Total liabilities 16 145 11 180 44.4 Total shareholders' equity 9 799 10 235 (4.3) Net debt (excluding lease liabilities) 6 423 5 114 25.6 Earnings and dividends per share (cents) Basic earnings per share 28.3 176.7 (84.0) Diluted earnings per share 28.1 175.0 (83.9) Headline (loss)/earnings per share (3.6) 165.9 (102.2) Adjusted headline earnings per share 32.5 171.2 (81.0) Dividend per share - 111.0 1. 2020 includes R522 million profit on disposal of investment in associate and R348 million share-based payment expense on B-BBEE transaction. 2019 includes the realisation of a foreign currency translation reserve. Netcare's independent auditor, Deloitte & Touche, has issued its opinion on the consolidated financial statements for the year ended 30 September 2020 which can be accessed via the Netcare Investor Relations website at www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results. Deloitte & Touche has issued an unmodified opinion and the audit report included key audit matters relating to the adoption of IFRS 16: Leases and revenue recognition. This short-form announcement is the responsibility of the directors of the Company. This short-form announcement is only a summary of the full announcement, which is published on the Company's website on www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, and does not contain complete or full details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement. This short-form announcement is extracted from audited results but is itself not audited. The full announcement can be accessed directly using the following JSE link: https://senspdf.jse.co.za/documents/2020/jse/isse/NTC/ye2020.pdf. The consolidated financial statements (including the key audit matters) can be accessed via the Netcare website on www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results. 23 November 2020 www.netcare.co.za Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010 Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer) Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, KD Moroka Company Secretary: C Vikisi Sponsor: Nedbank Corporate and Investment Banking, 135 Rivonia Road, Sandown, 2196 Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston Tel: 011 100 8352 Investor relations: ir@netcare.co.za Date: 23-11-2020 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.