Page 72 - Profile's Stock Exchange Handbook 2020 Issue 4

JSE – ABS Profile’s Stock Exchange Handbook: 2020 – Issue 4
WEBSITE: www.absa.africa
Absa Group Ltd. TELEPHONE: 011-350-4000
ABS COMPANY SECRETARY: Nadine R Drutman
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSORS: Absa Bank Ltd., JP Morgan Equities
South Africa (Pty) Ltd.
AUDITORS: Ernst & Young Inc
Scan the QR code to BANKERS: Absa Bank Ltd.
visit our Investor
Centre
CALENDAR Expected Status
Next Final Results Mar 2021 Unconfirmed
Annual General Meeting Jun 2021 Unconfirmed
ISIN: ZAE000255915 SHORT: ABSA CODE: ABG Next Interim Results Aug 2021 Unconfirmed
REG NO: 1986/003934/06 FOUNDED: 1986 LISTED: 1986
CAPITAL STRUCTURE AUTHORISED ISSUED
NATURE OF BUSINESS: ABG Ords 200c ea 891 774 054 847 750 679
Absa Group is a diversified financial services provider offering DISTRIBUTIONS [ZARc]
an integrated set of products and services across personal and Ords 200c ea Ldt Pay Amt
business banking, credit cards, corporate and investment Final No 67 14 Apr 20 20 Apr 20 620.00
banking, wealth and investment management and insurance. Interim No 66 10 Sep 19 16 Sep 19 505.00
With its long-standing presence in 12 African markets and its Final No 65 9 Apr 19 15 Apr 19 620.00
regional and global expertise, the Group a strong platform to Interim No 64 11 Sep 18 17 Sep 18 490.00
capture the growth opportunity in Africa. LIQUIDITY: Sep20 Ave 16m shares p.w., R1 935.4m(98.6% p.a.)
BANK 40 Week MA ABSA
SECTOR: Fins—Banks—Banks—Banks
ORDINARY SHAREHOLDERS as at 31 Dec 2019
Barclays Bank PLC 14.88%
Public Investment Corporation Group 6.29% 22882
Deutsche Securities 4.32%
NOTES: Barclays Africa Group Ltd. renamed to Absa Group Ltd. on 11 July 18961
2018
15041
FINANCIAL STATISTICS
(R million) Jun 20 Dec 19 Dec 18 Dec 17 Dec 16 11120
Interim Final Final Final(rst) Final(rst)
Interest Paid 24 802 51 337 45 481 43 285 43 111 2015 | 2016 | 2017 | 2018 | 2019 | 2020 7199
Interest Rcvd 48 926 97 838 89 236 85 929 85 114
Operating Inc 17 315 31 353 29 712 30 091 32 438 Recent Announcements
Tax 471 5 772 6 282 5 882 4 405 Absa interim results June 2020 - Monday, 24 August 2020: Total
Minority Int 333 1 372 991 362 1 139 income for the interim period increased to R40.4 billion (2019:
Attrib Inc 485 14 256 13 917 13 888 14 708 R39.2 billion), operating profit before income tax decreased to
TotCompIncLoss 9 451 14 834 17 527 13 580 12 685 R1.5 billion (2019: R11.7 billion), profit attributable to
Ord SH Int 116 203 113 278 109 484 108 614 93 191
Minority Int 11 099 10 761 7 478 6 000 4 579 ordinary equity holders fell to R485 million (2019: R7.6 billion),
Dep & OtherAcc 1 028 394 943 716 857 726 757 257 728 057 while headline earnings per ordinary share lowered to 67.7
Liabilities 1 434 373 1 270 492 1 167 138 1 050 337 1 001 174 cents per share (2019: 920 cents per share).
Inv & Trad Sec 368 012 278 453 266 400 246 265 212 296 Declaration of ordinary dividend
Adv & Loans 1 045 461 976 723 894 860 805 198 770 098 In the current economic climate, capital conservation is
ST Dep & Cash 62 393 52 532 46 929 48 669 50 006 regarded as paramount to the Group’s sustainability over the
Total Assets 1 566 319 1 399 175 1 288 744 1 169 595 1 103 588 short to medium term. The Prudential Authority (PA) of the
PER SHARE STATISTICS (cents per share) South African Reserve Bank has encouraged the boards of
EPS (ZARc) 58.80 1 717.60 1 676.50 1 665.70 1 764.00 directors of banks to ensure that capital conservation takes
HEPS-C (ZARc) 67.70 1 750.10 1 703.70 1 724.50 1 796.60 priority over any distributions of dividends on ordinary shares.
Pct chng p.a. - 92.3 2.7 - 1.2 - 4.0 6.5 As a result of guidance from the PA and the Board’s view as to
Tr 5yr av grwth % - 2.7 4.2 7.2 6.1
DPS (ZARc) - 1 125.00 1 110.00 1 070.00 1 030.00 the need for capital conservation and the appropriate manage-
Pct chng p.a. - 1.4 3.7 3.9 3.0 ment of capital at this time, no interim dividend for the period
Tr 5yr av grwth % - 4.0 6.3 9.5 8.8 ended 30 June 2020 has been declared by the Group.
NAV PS (ZARc) 14 045.00 13 669.00 13 233.00 13 042.00 10 980.00 Prospects
3 Yr Beta 1.33 0.50 0.35 0.70 1.13 The Group revised its 2020 real GDP forecast for South Africa to
Price Prd End 8 530 14 930 16 182 18 199 16 869 -8.3% in early August, well below the projection of +0.9% in
Price High 15 318 18 822 21 000 19 830 17 155 January this year, but animprovementoverthe -9.7% forecastin
Price Low 6 330 14 223 13 628 13 322 11 955 May. The volatility in the 2020 forecast reflects the highly
RATIOS uncertain impact that Covid-19 and related policy measures
Ret on SH Fund 1.24 12.14 12.26 11.95 15.47 may have on the economy this year. Even as August data show a
RetOn AveAsset 2.23 2.27 2.34 2.60 2.96
Oper Pft Mgn 15.33 75.07 78.72 76.66 73.02 clear slowing of the spread of the virus in most parts of South
Div Cover - 1.53 1.51 1.56 1.71 Africa, the Group expects a continued difficult environment for
Interest Mgn 0.03 0.03 0.03 0.04 0.04 the consumer, while heightened uncertainty will continue to
LiquidFnds:Dep 0.06 0.06 0.05 0.06 0.07 dampen business confidence and investment. Downside risks
NUMBER OF EMPLOYEES: 38 472 remain significant and include an increase in virus intensity, the
DIRECTORS: Abdool-Samad T (ind ne), Beggs C (ne), DarkoAB(ind ne), lagged impact of the second quarter’s historic economic contrac-
Hodge D (ne), Keanly R (ind ne), Merson M (ind ne), tion, South Africa’s accelerating fiscal challenges, as well as
MunyantwaliSJ(ind ne), Naidoo D (ind ne), Okomo-Okello F (ind ne),
PityanaSM(ld ind ne), Rensburg Prof I (ind ne), Tonelli F (ne), heightened global risks and uncertainty. Absa believes that the
van Wyk R (ne), Lucas-Bull W E (Chair, ind ne), Mminele A D (CEO), South African Reserve Bank could reduce the policy rate further,
Matlare P B (Deputy CEO), Quinn J P (FD) with a small reduction, given a comfortable inflation outlook
POPULAR BRAND NAMES: Absa and continued signs of significant economic weakness.
POSTAL ADDRESS: PO Box 7735, Johannesburg, 2000
EMAIL: ir@absa.africa
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