Remgro : Presentation

INTERIM RESULTS

PRESENTATION

FOR THE SIX MONTHS ENDED 31 DECEMBER 2021

24 March 2022

1	Setting the scene

2	Results in context

3	Executing on strategy

Contents	4 Results for the 6-month period

Jannie Durand		Neville Williams
(CEO)		(CFO)

5	Closing comments and Q&A

Setting the scene

South African economic indicators: the effect on Remgro

				Repo rate					Food inflation (YoY)
7					▪	Lower interest charge						▪	Global food inflation
						through the period	8						and implication of
6						due to lower rates							rising commodity
						Benefits of capital
					▪	6					6.2	prices is a concern
5						allocation at a						Continued cost
										▪
						portfolio company
												pressures at RCL and
						level, notably CIVH	4
4					4.0						Siqalo through the
				and Mediclinic
												period - depressed
					▪	Ongoing discipline in
3					2						margins
2017	2018	2019	2020	2021	2022	light of anticipated	2017	2018	2019	2020	2021	2022
						forecast rate hikes

			Commodities (rebased to 100)			Freight costs: Baltic Exchange Dry Index
180					194	▪	Varying impacts of	4 500					▪	Increased import
				176		rising commodity						costs and indirect
					142		prices across the							input costs
130						portfolio, with						▪	Positive impact of
						3 000
							emphasis on Siqalo,
													increased freight
							RCL, Wispeco and
80													costs seen in
						TotalEnergies	1 500
												Grindrod Shipping
30						▪	We continue to						▪	Actively managing
						monitor the expected
2017	2018	2019	2020	2021	2022		0						potential upcoming
	input price pressures
Commodities Index	Brent Crude Oil	Aluminium		2017	2018	2019	2020	2021	2022	supply chain issues
	through the Group
													4

Source: Bloomberg

Results in context