INTEGRATED REPORT
FOR THE YEAR ENDED 30 JUNE 2022
WHATTO EXPECT INTHIS
REPORT
CONTENTS
2 HOW THIS REPORT WAS COMPILED
5 UNDERSTANDING SUPER GROUP
14 THE CHAIRMAN'S VIEW OF 2022
18 GROUP CEO'S 2022 REPORT
23 UNPACKING THE OPERATING CONTEXT AND STRATEGY
- ANALYSING THE 2022 PERFORMANCE
- ENSURING ROBUST GOVERNANCE
87 REWARDING VALUE CREATION
101 APPENDICES
ABOUT THIS REPORT
Super Group's Integrated Report aims to provide a balanced, understandable and insightful view of the business. It offers a concise overview of the financial, operational and sustainability performance for the financial year ended 30 June 2022.
This report tells the Super Group value creation story, providing information that will enable an informed assessment of the ability to create sustainable value over time.
The report outlines the Group's governance and remuneration practices and illustrates the operating environment and the associated material matters, risks and opportunities. The report explains what sets the Group apart from its competitors and enables it to create sustainable value for its stakeholders.
THE SIX CAPITALS
The report does not explicitly provide disclosure against thesix capitals as defined in the IFRS Foundation's Integrated Reporting Framework, 2021 ( Framework). However, the Group carefully considers their impact onthe business and, conversely, the Group'simpact on them. This integratedthinking is reflected in the strategy, business model, and approach to stakeholder relationships - all of which are outlined in the report.
INTEGRATED REPORT FOR THE YEAR ENDED 30 JUNE 2022
ABOUT SUPER GROUP
Together with blue-chip clients spanning multiple industries and continents, Super Group Ltd (Super Group or the Group) provides supply chain and mobility solutions that drive efficiency and bolster competitiveness in challenging markets and exacting industries.
Leveraging deep experience, world-class facilities and leading technology, the Group's supply chain, dealership and fleet businesses provide a comprehensive range of services and solutions.
2022 IN NUMBERS
Revenue increased | EBITDA increased | Operating profit before | Profit before tax increased |
capital items increased | |||
by 17.0% to | by 69.8% to | by 41.2% to | |
by 43.8% to | |||
R46.24 billion | R7.03 billion | R2.50 billion | |
R3.27 billion | |||
(2021: R39.52 billion) | (2021: R4.14 billion) | (2021: R2.27 billion) | (2021: R1.77 billion) |
Dividend per share | Level 2 | 70% | 78% |
increased by 34.0% to | B-BBEE | of management positions | |
63 cents | African employees in | ||
certification | South Africa | in South Africa held by | |
(2021: 47 cents) | retained | Black people | |
Earnings per share | Headline earnings | Cash generated from | Net asset value |
per share increased | operations increased | per share increased | |
increased by 33.3% to | |||
by 33.4% to | by 38.0% to | by 18.7% to | |
378.5 cents | |||
380.7 cents | R4.76 billion | R38.40 | |
(2021: 284.0 cents) | |||
(2021: 285.4 cents) | (2021: R3.45 billion) | (2021: R32.35) | |
R5.8 billion | 14 934 people | R21.1 million |
in wealth distributed to | employed in | invested in corporate |
employees | 21 countries | social investment (CSI) |
REPORTING SUITE
- The Integrated Report provides a concise overview of financial, operational and sustainability performance.
- The Annual Financial Statements provide detailed disclosure of the financial results, with audited financial statements prepared in accordance with International Financial Reporting Standards (IFRS).
- The Annual Results Announcement provides an overview of Super Group's performance and outlook to investors.
- The Notice of Annual General Meeting (AGM) sets out the notice of Super Group's AGM of shareholders to be held on 29 November 2022, together with the summarised report containing the required financial disclosures.
- The King IV Application Register provides information on the application of the principles of the King IV Report on Corporate Governance™ for South Africa, 2016 (King IV)1. It demonstrates how the Group's leadership, governance philosophy and structures support an ethical culture.
The reporting suite can be accessed at supergroup.co.za/investor-information/integrated-reporting/.
1Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.
1
HOWTHIS REPORT WAS COMPILED
SCOPE AND BOUNDARY
The Integrated Report contains a range of information prepared in accordance with a diverse set of regulations and frameworks. These include IFRS, the Companies Act, 71 of 2008, as amended (the Companies Act), JSE Listings Requirements, JSE Debt Listings Requirements, King IV and the Framework. The Integrated Report extends beyond financial reporting to include non-financial considerations anddisclosures.The report provides insight into the operating environment and the associated material matters, risks and opportunities. These material matters serve as a filter for determining the information to be included in this report. The material matters were identified through interviews with senior executives, risk management processes and stakeholder engagement. Matters raised through stakeholder engagement have been assessed in terms of the stakeholder's influence, legitimacy and impact.
When making materiality judgements, the Group Exco and Board assess all available information from both a quantitative and qualitative perspective and consider whether the matter could impact how the Group creates or erodes value over the short, medium and long term. Information pertaining to pertaining to material matters, operating environment and stakeholder engagement is disclosed in this report (read more on pages 24 to 31) and was approved by the Board of directors of Super Group Ltd (the Board).
ASSURANCE
The Board ensures the integrity of the Integrated Report through a robust integrated reporting process that encompasses reviews and approvals by Group Exco and the Board. Non-financial information is reviewed and approved by the relevant Board committees.
Supported by the Board committees, Group Exco and robust internal control systems, the Board is ultimately accountable for the accuracy and completeness of the information contained in the Integrated Report. The Board is satisfied with the reliability of the information presented in this report and did not obtain additional external assurance.
The Independent Auditor's Report can be found in the Annual Financial Statements which are available on Super Group's website at supergroup.co.za/investor-information/integrated-reporting/.
TLVT verification service, an accredited Broad-BasedBlack Economic Empowerment (B-BBEE)verification agency, has verified B-BBEEperformance and confirmed a Level 2 rating. The verification certificate is available at supergroup.co.za/transformation-b-bbee/.
Board approval
The Board acknowledges its responsibility for the integrity of this Integrated Report. In the Board's opinion, the report addresses all the matters that are material to the Group's ability to create value and fairly presents Super Group's integrated performance. This report was approved by the Board on 30 September 2022.
- Phillip Vallet (Chairperson)
- Peter Mountford (Chief Executive Officer)
- Colin Brown (Chief Financial Officer and Debt Officer)
- Valentine Chitalu (Lead Independent Non-Executive Director)
- David Cathrall
- Pitsi Mnisi
- Simphiwe Mehlomakulu
The Group welcomes feedback from stakeholders on this report and invites you to contact us should you have any questions or recommendations. Any queries should be addressed to Super Group's Investor Relations Executive:
Michelle Neilson
E-mail: michelle.neilson@supergrp.com
Tel: +27 11 523 4000
DISCLAIMER
ThisIntegrated Report may contain forward-looking statements concerning the Group's strategy, financial conditions, growth plans and expectations. Such views involve both known and unknown risks, assumptions, uncertainties and important factors that could materially influence the actual performance of the Group. Therefore, no assurance can be given that these views will prove to be correct, and no representation or warranty expressed or implied is given as to the accuracy or completeness of such views.
2 | INTEGRATED REPORT FOR THE YEAR ENDED 30 JUNE 2022 |
THE BOARD
EXECUTIVE DIRECTORS
Peter Mountford (64) | Colin Brown (53) | ||||||||||||
BCom, BAcc, HDip Tax, MBA | BCompt (Hons), MBL, CA(SA) | ||||||||||||
(with distinction, Warwick), CA(SA) | Chief Financial Officer and | ||||||||||||
Chief Executive Officer | Debt Officer | ||||||||||||
NON-EXECUTIVE DIRECTORS | ||||||||||||||||||||
Phillip Vallet (76) | Valentine Chitalu (58) | |||||||||||||||||||
BA, LLB | ACCA (UK), M.Phil (UK) | |||||||||||||||||||
Chairman | Lead Independent Non-Executive | |||||||||||||||||||
Director | ||||||||||||||||||||
COMPILED WAS | REPORT THIS HOW |
GROUP SUPER | UNDERSTANDING |
2022 OF | CHAIRMAN'S THE |
VIEW | |
REPORT 2022 | CEO'S GROUP |
David Cathrall (65)
BCom, BAcc, CA(SA)
Independent Non-Executive Director
BCom (Hons) Acc,
Tax, CA(SA), Advanced Certificate
Emerging Markets and Country Risk
Analysis (Fordham University, New
MBA (Heriot-WattUniversity, Edinburgh, UK)
Independent Non-Executive Director
THE CONTEXT STRATEGY
COMPANY SECRETARY | PERFORMANCE | THEANALYSING | |||||
Simphiwe Mehlomakulu (52) | |||||||
BSc (Chemical Engineering), Post | |||||||
Diploma (Marketing Management), MBA | |||||||
(University of Witwatersrand), Stanford | ROBUST ENSURING | ||||||
Executive Programme (Stanford University | John Mackay (58) | GOVERNANCE | |||||
of California, USA) | |||||||
Independent Non-Executive Director | Group Company Secretary | ||||||
Roles and responsibilities | |||||||
Group Audit | Group Risk | Remuneration | Social and | Deal | Nominations | VALUE REWARDING | |
Committee | Committee | Committee | Ethics Committee | Committee | Committee | ||
APPENDICES | |||||||
3 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Super Group Limited published this content on 14 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 10:59:00 UTC.