Growth of WeBuyCars

WeBuyCars Robust Balance Sheet WeBuyCars has maintained a strong balance sheet with enhanced cash conversion in FY2023A 20 15 24 OG 5G BN & G 10 25 30 35 608 2 381 4 059 FY21A 1 678 Cash Conversion Cycle 24 25 24 25 3 3 5 588 3 123 1 386 2 465 FY22A Net Debt Total Equity Total Assets Total Liabilities 30 30 FY21A FY22A FY23 Inventory days Debtors days Creditors days Cash Conversion Cycle Notes: 1. All figures in R' Millions unless otherwise stated 2. Loan to value 6 012 3 602 1 251 FY23 2 410 Low LTV2 with property gearing at c.70% loan to cost and other assets at c.20% LTV Debtors and creditors days remain low as the business model of buying and selling vehicles is predominantly cash Assets have consistently grown while maintaining healthy gearing levels Notes: 12 3. FY23A represents actual 12 months ended September as audited. FY21A-FY22A have been reconstructed to illustrate comparable 12 month periods

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