Page 73 - Profile's Stock Exchange Handbook - 2021 issue 1

Profile’s Stock Exchange Handbook: 2021 – Issue 1 JSE – ABS
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
Next Interim Results Aug 2021 Unconfirmed
ISIN: ZAE000255915 SHORT: ABSA CODE: ABG
REG NO: 1986/003934/06 FOUNDED: 1986 LISTED: 1986 CAPITAL STRUCTURE AUTHORISED ISSUED
ABG Ords 200c ea 891 774 054 847 750 679
NATURE OF BUSINESS: DISTRIBUTIONS [ZARc]
Absa Group is a diversified financial services provider offering Ords 200c ea Ldt Pay Amt
an integrated set of products and services across personal and Final No 67 14 Apr 20 20 Apr 20 620.00
business banking, credit cards, corporate and investment Interim No 66 10 Sep 19 16 Sep 19 505.00
banking, wealth and investment management and insurance. Final No 65 9 Apr 19 15 Apr 19 620.00
With its long-standing presence in 12 African markets and its Interim No 64 11 Sep 18 17 Sep 18 490.00
regional and global expertise, the Group a strong platform to LIQUIDITY: Nov20 Ave 17m shares p.w., R1 872.1m(104.2% p.a.)
capture the growth opportunity in Africa. BANK 40 Week MA ABSA
SECTOR: Fins—Banks—Banks—Banks
ORDINARY SHAREHOLDERS as at 31 Dec 2019
Barclays Bank PLC 14.88% 22882
Public Investment Corporation Group 6.29% 18961
Deutsche Securities 4.32%
NOTES: Barclays Africa Group Ltd. renamed to Absa Group Ltd. on 11 July 15041
2018
FINANCIAL STATISTICS 11120
(R million) Jun 20 Dec 19 Dec 18 Dec 17 Dec 16
Interim Final Final Final(rst) Final(rst) 2015 | 2016 | 2017 | 2018 | 2019 | 2020 7199
Interest Paid 24 802 51 337 45 481 43 285 43 111
Interest Rcvd 48 926 97 838 89 236 85 929 85 114 Recent Announcements
Operating Inc 17 315 31 353 29 712 30 091 32 438 Thursday, 03 December 2020: Shareholders are hereby informed
Tax 471 5 772 6 282 5 882 4 405 thatDanielHodge,who has beenonthe AbsaGroup Board since
Minority Int 333 1 372 991 362 1 139 1 May 2017, has resigned from the board with effect from 15
Attrib Inc 485 14 256 13 917 13 888 14 708 December 2020. Dan will be joining Standard Chartered Bank
TotCompIncLoss 9 451 14 834 17 527 13 580 12 685 from 18 January 2021 as the Group Treasurer.
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 Thursday, 19 November 2020: Shareholders are advised that due to
Dep & OtherAcc 1 028 394 943 716 857 726 757 257 728 057 the significant uncertainty created by the covid-19 pandemic
Liabilities 1 434 373 1 270 492 1 167 138 1 050 337 1 001 174 and economic downturn, Absa Group will host a market update
Inv & Trad Sec 368 012 278 453 266 400 246 265 212 296 today. It will include the following update on the Group’s
Adv & Loans 1 045 461 976 723 894 860 805 198 770 098 financial performance for the first nine months of 2020 and
ST Dep & Cash 62 393 52 532 46 929 48 669 50 006 guidance on its 2020 earnings.
Total Assets 1 566 319 1 399 175 1 288 744 1 169 595 1 103 588 Trading update
PER SHARE STATISTICS (cents per share) The Group experienced the following financial trends for the
EPS (ZARc) 58.80 1 717.60 1 676.50 1 665.70 1 764.00 first nine months of 2020, on a normalised basis:
HEPS-C (ZARc) 67.70 1 750.10 1 703.70 1 724.50 1 796.60 Revenuegrowthwassimilartothe3%increaseinthefirsthalf.
Pct chng p.a. - 92.3 2.7 - 1.2 - 4.0 6.5 The Rand was 11% weaker year-on-year (YoY) than our Absa
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 Regional Operations (ARO) currencies for the period, in line
Pct chng p.a. - 1.4 3.7 3.9 3.0 with the first half’s 12%.
Tr 5yr av grwth % - 4.0 6.3 9.5 8.8 In line with our guidance, the growth in gross Group loans
NAV PS (ZARc) 14 045.00 13 669.00 13 233.00 13 042.00 10 980.00 slowed slightly to 5% YoY. In South Africa, Retail and Business
3 Yr Beta 1.33 0.50 0.35 0.70 1.13 Banking (RBB) and Corporate and Investment Bank’s (CIB)
Price Prd End 8 530 14 930 16 182 18 199 16 869 gross loans grew 3% and 5% respectively YoY, while ARO
Price High 15 318 18 822 21 000 19 830 17 155 increased 11%.
Price Low 6 330 14 223 13 628 13 322 11 955 Overall deposit growth was in line with the first half at 15% YoY,
RATIOS with particularly strong third quarter growth from Relationship
Ret on SH Fund 1.24 12.14 12.26 11.95 15.47 Banking and CIB in South Africa, while Retail in South Africa
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 grew 11% YoY. The Group liquidity coverage ratio averaged
Div Cover - 1.53 1.51 1.56 1.71 139% in the third quarter.
Interest Mgn 0.03 0.03 0.03 0.04 0.04 Netinterestincomegrowthforthefirstninemonthswassimilar
LiquidFnds:Dep 0.06 0.06 0.05 0.06 0.07 to the first half’s 6% YoY. Given strong growth in average
NUMBER OF EMPLOYEES: 38 472 interest bearing assets in the third quarter, our net interest
DIRECTORS: Abdool-Samad T (ind ne), Beggs C (ne), DarkoAB(ind ne), marginfortheninemonthsdeclinedto4.13% from4.23% inthe
Keanly R (ind ne), Merson M (ind ne), MunyantwaliSJ(ind ne), first half. Lower rates were a drag, although the structural hedge
Naidoo D (ind ne), Okomo-Okello F (ind ne), PityanaSM(ld ind ne),
Rensburg Prof I (ind ne), Tonelli F (ne), van Wyk R (ne), released over R700m in the third quarter. Balance sheet
Lucas-Bull W E (Chair, ind ne), Mminele A D (CEO), construct was the main cause of the third quarter margin com-
Matlare P B (Deputy CEO), Quinn J P (FD) pression, as substantial surplus liquidity was placed into
POPULAR BRAND NAMES: Absa low-margin government bonds and loans to banks. Moreover,
POSTAL ADDRESS: PO Box 7735, Johannesburg, 2000 low-margin deposit growth was strong, while higher margin
EMAIL: ir@absa.africa
loans declined and mortgages increased.
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