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Barloworld Limited: Leading Brands

SUMMARISED PRELIMINARY AUDITED YEAR-END RESULTS
FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2020

About Barloworld


Barloworld is an industrial processing, distribution and service Company which distributes leading international brands. In our OEM businesses we provide integrated rental, fleet management and product support through offering flexible, value adding, and innovative business solutions to our customers backed by leading global brands. The brands we represent on behalf of our principals include Caterpillar, Avis, Budget, Mercedes-Benz, Toyota, Volkswagen, Audi, BMW, Ford, Mazda, among others. The divisions of the Group comprise Equipment (earthmoving equipment and power systems), Automotive (car rental, motor retail, fleet services, used vehicles and disposal solutions), Logistics (logistics management and supply chain optimisation) and consumer industries (Ingrain — starch and glucose).

Detailed commentary

Financials



Pdf and Excel downloads

Salient features

Resilient Group performance
UNDER AN UNPRECEDENTED TRADING ENVIRONMENT IMPACTED BY THE COVID-19 PANDEMIC       
REVENUE
R49.7bn down 17%
OPERATING MARGIN*
4.1% down from 6.6%
AUSTERITY MEASURES IMPLEMENTED TO MANAGE COVID-19 IMPACT, 2020 OVERHEAD COST CONTAINMENT SAVINGS
R402m
STRONG BALANCE SHEET, COMMITTED FUNDING CAPACITY CLOSING AT
R15.6bn
Group NET DEBT-TO-EBITDA#^ RATIO
0.6 times FY19: 0.2 times
Group EBITDA TO GROSS INTEREST#^ PAID
4.7 times FY19: 5.7 times
Group RETURN ON INVESTED CAPITAL OF
1.0% FY19: 11.9%
GROUP HEADLINE (LOSS) / EARNINGS PER SHARE OF
(268) cents FY19: 1 100 cents
Group NORMALISED HEADLINE (LOSS)/EARNINGS PER SHARE#^ OF
(30) cents FY19: 1 167** cents
Decisive measures
IN RESPONSE TO ENSURE THE LONG-TERM VALUE CREATION BY THE GROUP
Progress made
ON THE STRATEGY WITH THE ACQUISITION OF EQUIPMENT MONGOLIA AND TONGAAT HULETT STARCH (NOW INGRAIN )
* Excluding IFRS 16 impact. # Excluding B-BBEE charges.
** amount reported in 2019 includes the fair value adjustment on the USD deposits in the UK. The adjusted normalised HEPS 2019 number which excludes the USD deposits in the UK is 1 098 cents.

Detailed Salient features

Chief Executive's report

DOMINIC SEWELA
Group Chief Executive Officer

Going into 2020, our focus was on the delivery of our strategy and the achievements of the ambitious targets we set for ourselves, as well as ensuring the complete adoption of the Active Shareholder Model. Though we anticipated that we were going into a year with continued macroeconomic challenges, the onset of the novel coronavirus pandemic (COVID-19) and the ensuing economic impact, was something no one could have predicted. Barloworld, like many other corporations in South Africa and globally, had to navigate this challenging and uncertain reality.


Full report

© 2020 Barloworld Limited


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