Financial highlights

Six months to 31 December 2020

Revenue

Operating profit

* Excludes head office and eliminations.

Pro forma disclaimer

To provide a more meaningful assessment of the Group's performance for the six months, pro forma information has been included under the segment performance section in the unaudited condensed consolidated results for the six months ended 31 December 2020 and 2019.

The directors of Motus Holdings Limited are responsible for compiling the pro forma financial information in accordance with paragraphs 8.15 to 8.34 of the JSE Listings Requirements and in compliance with the SAICA Guide on Pro forma Financial Information, revised and issued in September 2014 (applicable criteria). The pro forma information does not constitute financial statements fairly presented in accordance with IFRS. The pro forma information has been prepared for illustrative purposes only and because of its nature may not fairly present the Group's financial position, changes in equity, results of operations and cash flows. The underlying information used in the preparation of the pro forma financial information has been prepared using the accounting policies in place for the year ending 30 June 2021. The pro forma financial information has not been reviewed or reported on by the company's external auditors.

Revenue

R44 343 million

(2019: R41 954 million)

6%

Operating profit

R1 724 million

(2019: R1 831 million)

6%

Profit before tax

R1 287 million

(2019: R1 243 million)

4%

Earnings per share

507 cents per share

(2019: 479 cents per share)

6%

Headline earnings per share

526 cents per share

(2019: 517 cents per share)

2%

Interim dividend

160 cents per share

(2019: nil cents per share paid)

Free cash flow generated from operations

R4 759 million

(2019: R1 121 million)

Net debt to equity

24%

(2019: 74%)

Net debt to EBITDA (debt covenant)

1,0 times

(Required: to be less than 3 times)

EBITDA to net interest (debt covenant)

3,7 times

(Required: to be greater than 3 times)

Return on invested capital#

12,8%

(2019: 11,2%)

Weighted average cost of capital#

9,3%

(2019: 8,4%)

# The return on invested capital and weighted average cost of capital have been calculated using an average of the six-month period.