The statements contained here in may contain certain forward-looking statements relating to the Group that are based on the beliefs of the Group's management as well as assumptions made by and information currently available to the Group's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements, include without limitation, statements relating to the Group's business prospects, future developments, trends and conditions in the industry and geographical markets in which the Group operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to operations, margins, overall market trends, risk management and exchange rates. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements apply only as of the date on which they are made, and Adcorp undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Annual results | Year ended 28 February 2022
2
Overview
Dr John Wentzel
Chief Executive Officer
Annual results | Year ended 28 February 2022
3
How did we do?
Earnings
Margins
Net
Dividend
up
up
cash up
declared
High customer
Invested in
Capacitated
BBBEE 1
satisfaction
people
for growth
South Africa
Annual results | Year ended 28 February 2022
4
FY2021: survival
Gross debt
R' million
1 200
1 000
1 002
800
885
600
400
456
200
0
Feb 2019
Feb 2020
Feb 2021
Costs
R' million
-200-500-800
-1 100
(1 123)
-1 400
(1 697)
-1 700
(1 983)
-2 000
Feb 2019
Feb 2020
Feb 2021
Net debt
R' million
700
600
645
500
477
400
300
200
100
0
-18
-100
Feb 2019
Feb 2020
Feb 2021
Debt down by 54%
Costs cut by 43%
R663m net debt swing
Annual results | Year ended 28 February 2022
5
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Adcorp Holdings Limited published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 08:19:04 UTC.
Adcorp Holdings Limited is a holding company organized around 4 areas of activity:
- temporary staff placement services (82.7% of net sales);
- training services (1.9%);
- permanent staff placement services (0.7%);
- other (14.7%).
Net sales are distributed geographically as follows: South Africa (55.3%) and Australia (44.7%).
ADCORP HOLDINGS LIMITED 
