Page 165 - SHB 2021 Issue 4

Profile’s Stock Exchange Handbook: 2021 – Issue 4 JSE – MOT
Oper Pft Mgn 4.35 2.91 4.54 4.67
Motus Holdings Ltd. D:E 0.69 0.96 0.82 0.81
MOT Int Cover 6.19 1.47 4.34 5.30
ISIN: ZAE000261913
SHORT: MOTUS Current Ratio 1.26 1.53 1.41 1.16
CODE: MTH Div Cover 2.78 - 1.94 -
REG NO: 2017/451730/06 NUMBER OF EMPLOYEES: +16 700
FOUNDED: 2017 DIRECTORS: Dempster G W (Chair, ind ne),
LISTED: 2018 Tugendhaft A (Dep Chair, ne), Arbee O S (CEO),
Janse van Rensburg O J (CFO),
NATURE OF BUSINESS: CasselKA(Executive),CrousePJS(ind ne),
Motus Holdings Ltd. (“Motus”) is a South African-based Duker B (ind ne), Mayet S (ind ne),
Njeke M J N (ind ne), Roji-Maplanka F (ind ne)
holding company with a selected international presence POSTAL ADDRESS:POBox1719, Edenvale,1610
primarily in the United Kingdom (“UK”) and Australia, as EMAIL: MotusIR@motuscorp.co.za
well as a limited presence in South East Asia and Southern and Scan the QR code to WEBSITE: www.motus.co.za
East Africa. Through its subsidiaries and associates, it visit our website TELEPHONE: 010-493-4335
operates as a diversified (non-manufacturing) business in the COMPANY SECRETARY: Ntando Simelane
automotive sector. Motus participates in the entire automo- TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
tive value chain through its four business segments namely: SPONSOR: Merchantec Capital
AUDITORS: Deloitte & Touche
Import and Distribution, Retail and Rental, Financial Services BANKERS: First National Bank Ltd., Nedbank Ltd., The Standard Bank of
and Aftermarket Parts. South Africa Ltd.
TheactivitiesofMotus’businesssegmentsaredescribedbelow: CALENDAR Expected Status
*Import and Distribution: Importer and distributor of Annual General Meeting 3 Nov 2021 Confirmed
passenger, light commercial vehicles and parts to serve a Next Interim Results 22 Feb 2022 Confirmed
network of dealerships, car rental companies, fleets and gov- Next Final Results Aug 2022 Unconfirmed
ernment institutions in South Africa. CAPITAL STRUCTURE AUTHORISED ISSUED
*Retail and Rental: Retailer of new and pre-owned passenger MTH Ords no par val 394 999 000 188 933 942
and commercial vehicles across all segments in South Africa DISTRIBUTIONS [ZARc]
and the UK, and passenger vehicles in Australia. Selling of Ords no par val Ldt Pay Amt
20 Sep 21
27 Sep 21
parts and accessories. Servicing and maintenance of vehicles. Final No 4 23 Mar 21 29 Mar 21 255.00
Interim No 3
160.00
Rental of passenger and light commercial vehicles.
Final No 2 17 Sep 19 23 Sep 19 250.00
*Financial Services: Manager and administrator of service, Interim No 1 18 Mar 19 25 Mar 19 240.00
maintenance and warranty plans. Develop and sell LIQUIDITY: Sep21 Ave 3m shares p.w., R174.5m(82.5% p.a.)
value-added products and services. Provider of fleet manage- GERE 40 Week MA MOTUS
ment services and business process outsourcing through so-
10363
phisticated technology and call centre capabilities. Leading
the Group's innovation centre 8836
*Aftermarket Parts: Distributor, wholesaler and retailer of ac-
7309
cessories and parts for out-of-warranty vehicles through retail
and franchised stores, and specialised workshops supported 5781
by distribution centres in South Africa, Taiwan and China.
4254
SECTOR: ConsDisr—Retail—Retailers—SpecialityRetaillers
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2021 2727
Public Investment Corporation 12.02% 2019 | 2020 | 2021
Ukhamba Holdings (Pty) Ltd. (SA) 9.04% Recent Announcements
M&G Investment Management (UK) 7.17%
Friday, 01 October 2021: The board of directors of the Company
FINANCIAL STATISTICS
(Amts in ZAR’000) Jun 21 Jun 20 Jun 19 Jun 18 announced that Motus, through its wholly-owned UK -based
Final Final Final Final (P) subsidiary, Motus Holdings (UK) Ltd., has acquired the entire
Turnover 87 205 000 73 417 000 79 711 000 77 001 000 issued share capital of FAI Automotive plc (FAI) with effect
Op Inc 3 795 000 2 136 000 3 620 000 3 593 000 from 1 October 2021.
NetIntPd(Rcvd) 543 000 1 116 000 774 000 737 000 The purchase consideration is based on an enterprise value of
Tax 718 000 356 000 714 000 897 000 GBP35 million (c. R700 million) and the effective cash outflow
Minority Int 44 000 - 121 000 28 000 - 33 000 ofGBP27.5 million (R550 million) will be funded from available
Att Inc 2 098 000 306 000 1 868 000 2 346 000
TotCompIncLoss 820 000 1 426 000 1 680 000 2 544 000 cash resources and funding facilities.
Hline Erngs-CO 2 145 000 550 000 1 977 000 1 991 000 FAI, which is a family-owned business that was established in
Fixed Ass 6 872 000 7 625 000 7 023 000 6 786 000 1968, is a solid business with over 40 000 product offerings
Inv in Assoc 289 000 232 000 258 000 348 000 covering all major vehicle manufacturers. It is situated in
Inv & Loans 526 000 504 000 684 000 653 000 Leighton Buzzard, Bedfordshire in the UK, with a leased distri-
Def Tax Asset 1 286 000 1 302 000 1 048 000 782 000 bution warehouse of 10 000m2 and is a leading independent dis-
Tot Curr Ass 25 157 000 29 919 000 28 586 000 26 917 000 tributor of replacement automotiveparts globally, including the
Ord SH Int 12 052 000 12 508 000 11 875 000 11 640 000 UK and Europe. FAI is a highly reputable brand in the replace-
Minority Int 114 000 - 56 000 - 37 000 4 000 ment parts industry and is renowned for a high-quality range of
LT Liab 6 332 000 11 674 000 6 716 000 1 914 000 products covering globally manufactured passenger vehicles
Tot Curr Liab 19 959 000 19 552 000 20 318 000 23 158 000
and light commercial vans.
PER SHARE STATISTICS (cents per share) The business is managed by a professional, young and dynamic,
EPS (ZARc) 1 153.00 165.00 953.00 1 162.00
HEPS-C (ZARc) 1 179.00 296.00 1 009.00 986.00 management team with many years of experience in the business
Pct chng p.a. 298.3 - 70.7 2.3 - and the industry. The existing management team will continue to
DPS (ZARc) 415.00 - 490.00 - manage the business on a day-to-day basis post the transaction.
Pct chng p.a. - - 100.0 - - Business rationale for the acquisition
NAV PS (ZARc) 6 586.00 6 653.00 6 185.00 5 762.00 The acquisition underpins Motus’ intention to expand its After-
Price High 10 114 8 598 10 238 - market Parts (MAP) business offering. There are synergies with
Price Low 2 514 2 300 7 152 - the existing MAP business to procure products at competitive
Price Prd End 9 334 3 062 7 312 - prices from the Far East, including China and Taiwan, through
RATIOS combined buying power and to utilise and share the existing
Ret on SH Fnd 17.61 1.49 16.02 19.86
Ret On Tot Ass 8.93 2.48 7.64 8.16 distribution centres in the region.
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