Investor Presentaiton
SUMMARY OF THE
AUDITED GROUP RESULTS
DIRECTORATE &
STATUTORY INFORMATION
WHL
FINANCIAL OVERVIEW
COMMENTARY
NOTES TO THE CONDENSED CONSOLIDATED RESULTS
(CONTINUED)
9. PRO FORMA FINANCIAL INFORMATION (CONTINUED)
9.3 CONSTANT CURRENCY INFORMATION
9.3.1 GROUP STATEMENT OF COMPREHENSIVE INCOME ITEMS
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9.2 ADJUSTMENT OF OPERATING PROFIT AND PROFIT BEFORE TAX
Audited
52 weeks
Pro forma
52 weeks
Audited
52 weeks
Pro forma
52 weeks
to 26 Jun
Adjust
to 26 Jun
2022
-ments
2022
to 27 Jun
2021
Adjust
-ments
to 27 Jun
2021
(1)
Rm
(2)
Rm
(4)
Rm
(1)
Rm
(3)
Rm
(4)
Pro forma
52 weeks
to 26 Jun
2022
Rm
Audited
52 weeks
to 27 Jun
2021
(3)
Rm
%
change
Rm
Segmental contribution
Turnover and concession sales'
before interest and tax
7 118
(118)
7.000
7 581
(643)
6 938
Profit before tax
5 190
(118)
5072
5 150
(582)
4 568
Pro forma segmental contribution before interest and tax (Adjuted EBIT)²
Notes
88 122
7 011
85 857
6 938
2.6
1.1
Notes
1. The '52 weeks to 26 Jun 2022' and '52 weeks to 27 Jun 2021' financial information has been extracted, without
adjustment, from the Condensed Consolidated Group Statement of comprehensive income for the 52 weeks
to 26 Jun 2022 and 52 weeks to 27 Jun 2021, as presented in the Summary of the Audited Group Results for
the 52 weeks ended 26 June 2022. Segmental contribution before interest and tax comprises Profit before tax,
as illustrated on the Condensed Consolidated Group Statement of comprehensive income for the 52 weeks
to 26 Jun 2022 and 52 weeks to 27 Jun 2021, and excludes Investment income of R67 million (2021: R83 million),
Finance costs of R1 953 million (2021: R2 502 million) and Group entity costs of R42 million (2021: R12 million).
2. Segmental contribution before interest and tax adjustments for the '52 weeks to 26 Jun 2022' comprise of Lease
exit and modification gains of R259 million, SA civil unrest costs, net of insurance proceeds of R17 million, Restructure
and store exit costs of R60 million, Unrealised foreign exchange gains of R23 million and Impairment of assets
of R121 million, which results in an Adjusted segmental contribution before interest and tax. Profit before tax
adjustments include all of the aforementioned adjustments, which results in an Adjusted profit before tax.
3. Segmental contribution before interest and tax adjustments for the '52 weeks to 27 Jun 2021' comprise of Lease
exit and modification gains of R591 million, Restructure and store exit costs of R123 million, Unrealised foreign
exchange losses of R14 million, Impairment of assets of R364 million, Profit on sale of property in Australia
of R492 million and exclude abnormal finance costs of R61 million, which results in an Adjusted Segmental
contribution before interest and tax. Profit before tax adjustments include all of the aforementioned
adjustments, as well as abnormal finance costs of R61 million, which results in an Adjusted profit before tax.
4. The 'Pro forma 52 weeks to 26 Jun 2022' and the 'Pro forma 52 weeks to 27 Jun 2021' column reflects the pro forma
financial information after adjusting for the items included in column 2 (2021: column 3), which results in an Adjusted
segmental contribution before interest and tax (also referred to as Adjusted EBIT) and Adjusted profit before tax.
1. Turnover and concession sales constant currency information has been presented to illustrate the impact
of changes in the Group's major foreign currency, the Australian dollar. In determining the constant currency
Turnover and concession sales growth rate, Turnover and concession sales denominated in Australian dollars
for the current year have been adjusted by application of the aggregated monthly average Australian
dollar exchange rate for the prior year. The aggregated monthly average Australian dollar exchange
rate is R11.06/A$ for the current year and R11.43/A$ for the prior year. The foreign currency fluctuations
of the Group's rest of Africa operations are not considered material and have therefore not been
applied in determining the constant currency Turnover and concession sales growth rate.
2. Pro forma segmental contribution before interest and tax (Adjusted EBIT) constant currency information
has been presented to illustrate the impact of changes in the Group's major foreign currency, the Australian
dollar. In determining the constant currency Pro forma segmental contribution before interest and tax
(Adjusted EBIT) growth rate, Pro forma segmental contribution before interest and tax (Adjusted EBIT)
denominated in Australian dollars for the current year has been adjusted by application of the aggregated
monthly average Australian dollar exchange rate for the prior year. The aggregated monthly average
Australian dollar exchange rate is R11.44/A$ for the current year and R11.42/A$ for the prior year. The foreign
currency fluctuations of the Group's rest of Africa operations are not considered material and have therefore
not been applied in determining the constant currency Pro forma segmental contribution before interest
and tax (Adjusted EBIT) growth rate.
3. The Turnover and concession sales and Pro forma segmental contribution before interest and tax (Adjusted
EBIT) has been extracted from notes 9.1 and 9.2 above, respectively.
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