York Timber Holdings Limited

(Incorporated in the Republic of South Africa) (Registration number: 1916/004890/06)

JSE share code: YRK

ISIN: ZAE000133450 ("York" or the "Company")

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS

FOR THE SIX MONTHS ENDED 31 DECEMBER 2021

www.york.co.za

ABOUT THIS SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the Company and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. The full announcement is accessible via the following JSE link:https://senspdf.jse.co.za/documents/2022/jse/isse/YRK/Interim22.pdfand can be found on the Company's website athttps://www.york.co.za/downloads/Yorkinterim2022.pdf.

Copies of the full announcement may also be requested at the Company's registered office, at no charge, on Mondays to Fridays, during office hours.

On behalf of the Board

Gabriël Stoltz

Interim Chief Executive Officer and Chief Financial Officer

28 March 2022

Executive director: Gabriël Stoltz (Interim Chief Executive Officer and Chief Financial Officer)

Non-executive directors: Dr Jim Myers* (Chairman, USA), Dr Azar Jammine*, Dinga Mncube*, Andries Brink*, Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh*, André van der Veen, Lindani Dhlamini* (* independent)

Registered office: York Corporate Office, 3 Main Road, Sabie, Mpumalanga Postal address: PO Box 1191, Sabie, 1260

Auditor: PricewaterhouseCoopers Inc. Company Secretary: Han-hsiu Hsieh Sponsor: One Capital

Transfer secretaries: Computershare Investor Services Proprietary Limited

RESULTS OVERVIEW

  • • Revenue up by 4% to R928 million

  • • EBITDA (earnings before interest, taxation, depreciation, amortisation and fair value adjustment on plantation biological assets) decreased by R45 million

  • • Debt reduced by R74 million

  • • Cash generated from operations decreased by 39% to R122 million

  • • Biological asset value increased by 3%

  • • Net working capital decreased by 35% to R115 million

  • • Earnings per share increased from 12,61 cents to 18,59 cents per share

  • • Headline earnings per share increased from 12,69 cents to 18,66 cents per share

  • • Core earnings per share decreased from 22,79 cents to 11,62 cents per share

  • • Net asset value per share increased by 4% to 964 cents per share

  • • No dividend has been declared for the six months ended

    31 December 2021 (2020: Rnil)

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

York Timber Holdings Limited published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 13:50:07 UTC.