30 Jul - 2 min read

Voluntary trading update for the nine months ended 30 June 2021

Voluntary trading update for the nine months ended 30 June 2021

Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK      ISIN: ZAE000071676
Share Code: NPP1     ISIN: ZAE000004966
Share Code: NPKP     ISIN: ZAE000004958
LEI: 3789003820EC27C76729
(“Nampak” or “the Company”)


Improved trading conditions in 3Q21

In general, trading conditions improved significantly for the 3Q21 versus the
comparative period in 3Q20, when most of Nampak’s businesses were impacted by
a combination of hard lockdowns and alcohol bans in many of the geographies
where   the  group   operates.   Improved  trading   conditions,   successful
restructuring and cost savings initiatives have resulted in a 24% increase in
revenue and significant improvements in operating results for the nine-month
period ended 30 June 2021.

Compliance with covenants

Nampak has complied with group funding covenants for the measurement period
ended 30 June 2021. Net debt : EBITDA at 2.99 times was below the revised
4.50 times limit for the quarter end and EBITDA : interest cover at 4.06 times
was greater than the required minimum of 2.25 times.

These ratios are also within the original covenant limits of less than or
equal to 3.0 times for net debt : EBITDA and greater than or equal to 4.0
times for EBITDA : interest cover.

Nampak will update the market on the group’s performance through a voluntary
trading update during September 2021, before it goes into a closed period on
1 October 2021.

The financial information contained in this announcement is based on unaudited
management accounts and has not been reviewed or reported on by the Nampak’s
external auditors.

By order of the Board
I H van Lochem, Company Secretary
30 July 2021

Sponsor:   UBS South Africa (Pty) Ltd

Date: 30-07-2021 01:30:00
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