Salient features
FOR THE YEAR ENDED 30 SEPTEMBER
| Audited | ||
| R million | 2020 | Restated 2019 |
|---|---|---|
| Financial | ||
| Group normalised headline earnings per share — excluding B-BBEE charge and IFRS 16 (cents) | (30) | 1 098 |
| Group headline earnings per share — including B-BBEE charge and IFRS 16 (cents) | (268) | 1 100 |
| Group Return on invested capital (ROIC) (%) — excluding IFRS 16 ** | 0.6 | 11.9 |
| Group Return on invested capital (ROIC) (%) — including IFRS 16 ** | 1.0 | 11.9 |
| Economic profit — excluding IFRS 16 | (3 037) | (323) |
| Economic profit — including IFRS 16 | (3 037) | (323) |
| Free cash flow — excluding IFRS 16 | 230 | 3 064 |
| Free cash flow — including IFRS 16 | 575 | 3 064 |
| Dividends per share (cents) | Nil | 462 |
| Group operating margin — excluding B-BBEE (%) and excluding IFRS 16 * | 3.8 | 6.6 |
| Group operating margin — excluding B-BBEE (%) and including IFRS 16 * | 4.1 | 6.6 |
| Group rolling EBITDA/Interest paid (times) — excluding IFRS 16 | 4.7 | 5.7 |
| Group rolling EBITDA/Interest paid (times) — Including IFRS 16 | 3.8 | 5.7 |
| Group net debt/equity (%) — excluding IFRS 16 | 13.4 | 4.5 |
| Group net debt/equity (%) — including IFRS 16 | 25.2 | 4.5 |
| Group return on net operating assets (RONOA) (%) — excluding IFRS 16 | 8.6 | 18.7 |
| Group return on net operating assets (RONOA) (%) — including IFRS 16 | 9.3 | 18.7 |
| Group return on ordinary shareholders’ funds (%) — excluding IFRS 16 | (1.0) | 10.6 |
| Group return on ordinary shareholders’ funds (%) — including IFRS 16 | (1.5) | 10.6 |
| Net asset value per share (cents) | 9 783 | 11 182 |
| Number of ordinary shares in issue (000) | 199 335 | 212 693 |
| Natural capital ‡ | ||
| Non-renewable energy consumption (GJ) # | 2 268 586 | 2 853 385 |
| Greenhouse gas emissions (tCO2e) Δ | 193 546 | 245 881 |
| Water withdrawals (municipal sources) (ML) | 612 | 665 |
| Human capital ‡ | ||
| Number of employees | 12 905 | 15 396 |
| Lost-time injury frequency rate (LTIFR) † | 0.53 | 0.57 |
| Number of work-related fatalities | 2 | 1 |
| Social and relationship capital | ||
| Corporate social investment (R million) | 16 | 19 |
| dti B-BBEE rating (level) ^ | 3 | 3 |
| ** | Return on invested capital (ROIC) is calculated by a rolling 12-month net Group operating profit after tax over total equity, plus net debt and IFRS 16 lease liability. The difference between excluding IFRS 16 is the exclusion of the right of use depreciation, the lease liability interest, IFRS 16 lease liability and inclusion of the IAS 17 lease expense. The 31 March 2020 ROIC was also adjusted by the IFRS 5 impairment included in Avis fleet. |
| * | Restated to include previously disclosed operations classified as held for sale (Avis Fleet Service). |
| ‡ | PwC conducted a review of selected sustainability information, in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised) Assurance Engagements Other Than Audits or Reviews of Historical Financial Information, and ISAE 3410 Assurance Engagements on Greenhouse Gas Emissions Statements. |
| # | Excludes rental fleets. |
| Δ | Scope 1 and 2. |
| † | Lost-time injuries multiplied by 200 000 divided by total hours worked. |
| ^ | Department of Trade and Industry (South Africa). |
| Closing rate | Average rate | |||
| R million | 2020 | 2019 | 2020 | 2019 |
|---|---|---|---|---|
| United States Dollar | 16.68 | 15.16 | 16.27 | 14.31 |
| British Sterling | 21.56 | 18.68 | 20.86 | 18.27 |
Exchange rates used:
- Balance sheet — closing rate (rand).
- Income statement and cash flow statement — average rate (rand).