South Africa Highlights

Free cash flow | FCF generation skewed to second half Group FCF: 1H23 vs 1H24 2.2 -1.3 -0.7 Timing factors ↑ -0.7 R billion Group FCF: material seasonal variance 9.7 11.2 12.4 13.5 12.2 16.5 -1.3 2.0 -0.4 2.0 2.5 2.7 5.3 4.5 2.0 1H23 VFE FCF* VFE minority dividend VFE tax timing OpFCF SF dividend Finance 1H24 SA+IB timing costs FY18 FY19 FY20 FY21 FY22 FY23 FY24 1H2H *VFE FCF based on P&L tax.

View entire presentation