26 Aug - 4 min read

Summary of the audited consolidated results for the year ended 31 May 2021

Summary of the audited consolidated results for the year ended 31 May 2021

OneLogix Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG
ISIN: ZAE000026399
("OneLogix" or "the company" or "the group")

Short-form announcement: Audited consolidated annual results for the year ended 31 May 2021

HIGHLIGHTS
Revenue down 6% to R2,46 billion
EBITDA up 5% to R366,1 million
EPS down 13% to 12,5 cps
HEPS down 35% to 11,1 cps
Core HEPS down 39% to 13,6 cps
NAV up 3% to 413,8 cps
NTAV up 3% to 343,4 cps
3,8 million shares repurchased during year
Sale and leaseback of Umlaas Road Phase 3 development concluded
Agritrans acquisition successfully integrated
No dividend declared

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement. The full announcement was released on SENS on Thursday,
26 August 2021 and can be found on the company's website at
https://www.onelogix.com/pages/documents/annualResults/OneLogix-year-end-results-booklet-2021.pdf
and can also be accessed using the following JSE link
https://senspdf.jse.co.za/documents/2021/jse/isse/OLG/FY2021.pdf. Copies of the full
announcement may also be requested at the company's registered office and at the office of the
sponsor, at no charge, during office hours from Thursday, 26 August 2021 to Thursday,
2 September 2021. Any investment decision should be based on the full announcement published
on SENS and on the company's website.

Notwithstanding the tough economic conditions and impact of the Covid-19 pandemic, each of
the 13 group companies is in good health having weathered the protracted Covid-19 storm. Some
have produced a profit improvement, while others remain inherently relevant with a strong underlying
business strategy, skilful, resilient and innovative management teams together with a strong
customer base that will ensure their sustainability.

Dividend
After careful consideration, the board has decided not to declare a dividend, as the group wishes
to preserve its cash resources given prevailing uncertain market conditions and the need to
expand and grow the business should the opportunities arise (2020: Nil).

Prospects
Trading conditions for all group companies are expected to remain difficult for the foreseeable future.

Of particular concern is the stockholding volumes of many of the Original Equipment Manufacturers
that have dropped significantly over the last six months, a scenario which is expected to continue
for the foreseeable future.

Going forward, our strategy remains unaltered. We will continue to focus on extracting maximum
efficiencies from existing businesses in order to protect and grow their individual market shares in
their respective niche markets. The executive management team maintains full confidence in our
experienced, stable management teams with their proven entrepreneurial skills, and fully expects
them to continue guiding our businesses through the prevailing unprecedented and tough market
conditions. Notwithstanding the difficult market conditions, our tested business models have ensured
that each group business remains well-placed within its respective market and is well-equipped to
both withstand economic headwinds and to exploit emerging opportunities.

We expect acquisitive opportunities to continue, given the severity of the economic difficulties and
we will continue to assess these appropriately together with further start-up opportunities.

Financial summary
                                                                   Audited     Audited
                                                                      year        year
                                                                     ended       ended
                                                           %        31 May      31 May
                                              Notes   change          2021        2020
Revenue (R000's)                                          (6)    2 462 880   2 622 382
Profit for the period attributable                             
to ordinary shareholders (R000's)                        (17)       28 315      34 196
Headline earnings (R000's)                               (38)       25 225      40 957
Core headline earnings (R000's)                   1      (42)       30 759      53 187
Per share measures                                             
Basic and diluted basic earnings                               
per share (cents)                                        (13)         12,5        14,3
Headline and diluted headline earnings                         
per share (cents)                                        (35)         11,1        17,1
Core headline and diluted core headline                        
earnings per share (cents)                               (39)         13,6        22,2
Net asset value per share (cents)                          3         413,8       402,3
Net tangible asset value per share (cents)                 3         343,1       334,6
Notes:
1. Headline earnings (as calculated based on SAICA Circular 1/2021) adjusted for 
   the amortisation charge of intangible assets recognised on business combinations 
   and charges relating to share-based payments.

By order of the board

Ian Lourens
CEO

Geoff Glass
FD

26 August 2021

Directors
LJ Sennelo (Chairperson)*#
NJ Bester
GM Glass (FD)
AJ Grant*#
IK Lourens (CEO)
CV McCulloch (COO)
IM Pule*#
KV Ratshefola*#
K Schoeman*
* Non-executive
# Independent

Registered office
46 Tulbagh Road
Pomona
Kempton Park

PostNet Suite 10
Private Bag X27
Kempton Park
1620

Company secretary
CIS Company Secretaries (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2191

PO Box 61673
Marshalltown
2107

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers
15 Biermann Avenue
Rosebank
2191

PO Box 61051
Marshalltown
2107

Sponsor
Java Capital
6th Floor
1 Park Lane
Wierda Valley (Entrance at 39 Wierda Road West)
Sandton
2196






Date: 26-08-2021 08:00:00
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