Page 75 - 2021 Issue 2

Profile’s Stock Exchange Handbook: 2021 – Issue 2 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
Annual General Meeting 4 Jun 2021 Confirmed
Next Interim Results 16 Aug 2021 Confirmed
ISIN: ZAE000255915 SHORT: ABSA CODE: ABG Next Final Results Mar 2022 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: Mar21 Ave 18m shares p.w., R1 888.3m(110.9% p.a.)
BANK 40 Week MA ABSA
SECTOR: Fins—Banks—Banks—Banks
ORDINARY SHAREHOLDERS as at 04 Feb 2021
Barclays Bank PLC 14.88%
Public Investment Corporation Group 6.29% 21329
Old Mutual PLC 5.03%
NOTES: Barclays Africa Group Ltd. renamed to Absa Group Ltd. on 11 July 17797
2018
14264
FINANCIAL STATISTICS
(R million) Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 10732
Final Final(rst) Final Final(rst) Final(rst)
Interest Paid 44 194 51 337 45 481 43 285 43 111 2016 | 2017 | 2018 | 2019 | 2020 | 7199
Interest Rcvd 93 051 97 838 89 236 85 929 85 114
Operating Inc 33 482 31 353 29 712 30 091 32 438 Recent Announcements
Tax 3 156 5 772 6 282 5 882 4 405 ABSA final results December 2020 - Monday, 15 March 2021: Net
Minority Int 1 026 1 372 991 362 1 139 interest income for the year increased to R48.857 billion (2019:
Attrib Inc 5 880 14 256 13 917 13 888 14 708 R46.501 billion) and operating income before operating expen-
TotCompIncLoss 9 281 14 834 17 527 13 580 12 685 diture decreased to R61.024 billion (2019: R72.304 billion).
Ord SH Int 115 671 113 278 109 484 108 614 93 191
Minority Int 11 988 10 761 7 478 6 000 4 579 Profit attributable to ordinary equity holders was recorded at
Dep & OtherAcc 1 048 000 943 716 857 726 757 257 728 057 R5.880 billion (2019: R14.256 billion). Furthermore, headline
Liabilities 1 398 817 1 270 492 1 167 138 1 050 337 1 001 174 earnings per share fell to 730.9 cents per share (2019: 1 750.1
Inv & Trad Sec 378 025 278 453 266 400 246 265 212 296 cents per share).
Adv & Loans 1 014 507 976 723 894 860 805 198 770 098 Dividend
ST Dep & Cash 60 682 52 532 46 929 48 669 50 006 In line with previous guidance, no ordinary dividend was
Total Assets 1 531 120 1 399 175 1 288 744 1 169 595 1 103 588 declared for the period, given our focus on capital preservation
PER SHARE STATISTICS (cents per share) in the current environment.
EPS (ZARc) 711.80 1 717.60 1 676.50 1 665.70 1 764.00 Company prospects
HEPS-C (ZARc) 730.90 1 750.10 1 703.70 1 724.50 1 796.60 Substantial uncertainty continues to surround the global
Pct chng p.a. - 58.2 2.7 - 1.2 - 4.0 6.5 economic outlook, which depends on the roll out of effective
Tr 5yr av grwth % - 10.8 2.7 4.2 7.2 6.1
DPS (ZARc) - 1 125.00 1 110.00 1 070.00 1 030.00 vaccines and additional policy support. The IMF expects global
Pct chng p.a. - 100.0 1.4 3.7 3.9 3.0 real GDP growth to rebound to 5.5% in 2021, with strong
Tr 5yr av grwth % - 17.6 4.0 6.3 9.5 8.8 growth from the US among developed economies and China in
NAV PS (ZARc) 13 957.00 13 669.00 13 233.00 13 042.00 10 980.00 the developing world. After declining 2.6% in 2020, the IMF
3 Yr Beta 1.49 0.43 0.35 0.70 1.13 expects 3.2% growth from sub-Saharan Africa, with a wide
Price Prd End 11 986 14 930 16 182 18 199 16 869 range among individual countries.
Price High 15 318 18 822 21 000 19 830 17 155 Similarly, there is significant uncertainty as South Africa works
Price Low 6 330 14 223 13 628 13 322 11 955 through its largest economic shock since the early 1930s. We
RATIOS forecast 3.1% growth in South Africa during 2021, although we
Ret on SH Fund 5.22 12.14 12.26 11.95 15.47 expect GDP to only recover to 2019 levels by 2023. The timely
RetOn AveAsset 2.20 2.27 2.34 2.60 2.96
Oper Pft Mgn 38.57 75.07 78.72 76.66 73.02 rollout of an appropriate vaccination programme is critical.
Div Cover - 1.53 1.51 1.56 1.71 However, employment and consumer spending will remain
Interest Mgn 0.03 0.03 0.03 0.04 0.04 underpressure andbusiness confidenceandinvestmentislikely
LiquidFnds:Dep 0.06 0.06 0.05 0.06 0.07 to recover slowly. South Africa’s fiscal trajectory will be of partic-
NUMBER OF EMPLOYEES: 38 472 ular importance, as National Treasury tries to restrain public
DIRECTORS: Abdool-Samad T (ind ne), Beggs C (ne), DarkoAB(ind ne), sector wage growth to improve the state’s finances. We believe
Keanly R (ind ne), Merson M (ind ne), MunyantwaliSJ(ind ne), that the Reserve Bank will leave the policy rate unchanged this
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), year, before increasing it by 75 basis points in 2022.
Lucas-Bull W E (Chair, ind ne), Mminele A D (CEO), Quinn J P (FD) We expect the economy in our ARO presence countries to
POPULAR BRAND NAMES: Absa rebound in 2021, with GDP-weighted growth of 4.5%.
POSTAL ADDRESS: PO Box 7735, Johannesburg, 2000 Economies dependent on tourism, such as Seychelles,
EMAIL: ir@absa.africa
Mauritius and Botswana, are expected to recover more slowly
than the more diversified East African economies.
73