Interactive Analyst

Select All		Unit of measure
Segment financial information
Revenue		ZAR’m ZAR’m
South Africa		ZAR’m ZAR’m
Rest of Africa		ZAR’m ZAR’m
Technology		ZAR’m ZAR’m
Trading Profit		ZAR’m ZAR’m
South Africa		ZAR’m ZAR’m
Rest of Africa		ZAR’m ZAR’m
Technology		ZAR’m ZAR’m
Trading Profit Margins		% %
South Africa		% %
Rest of Africa		% %
Technology		% %
EBITDA		ZAR’m ZAR’m
South Africa		ZAR’m ZAR’m
Rest of Africa		ZAR’m ZAR’m
Technology		ZAR’m ZAR’m
Group financial information
Operating profit		ZAR’m ZAR’m
Net interest expense/(income)		ZAR’m ZAR’m
Taxation expense		ZAR’m ZAR’m
Core headline earnings		ZAR’m ZAR’m
Free cash flow		ZAR’m ZAR’m
Core headline earnings per ordinary share		SA cents SA cents
Headline earnings per ordinary share		SA cents SA cents
Earnings per ordinary share		SA cents SA cents
Number of ordinary shares in issue		000s 000s
Key performance indicators
Subscribers		000s 000s
South Africa		000s 000s
Rest of Africa		000s 000s
ARPU		ZAR ZAR
South Africa		ZAR ZAR
Rest of Africa		ZAR ZAR
Growth rates	(note)
Nominal growth rates
Revenue (%)		% %
Cost (%)		% %
Trading profit (%)		% %
Organic growth rates
Revenue (%)		% %
Cost (%)		% %
Trading profit (%)		% %
Exchange rates (1FC = ZAR)
US dollar		(1FC = ZAR) (1FC = ZAR)
Nigerian naira		(1FC = ZAR) (1FC = ZAR)
Angolan kwanza		(1FC = ZAR) (1FC = ZAR)
Kenyan shilling		(1FC = ZAR) (1FC = ZAR)
Zambian kwacha		(1FC = ZAR) (1FC = ZAR)

2019	2018	2017	2016

50,095 50,095	47,452 47,452	47,708 47,708	46,797 46,797
33,696 33,696	32,702 32,702	31,849 31,849	29,116 29,116
14,836 14,836	13,106 13,106	14,208 14,208	16,005 16,005
1,563 1,563	1,644 1,644	1,651 1,651	1,676 1,676
7,014 7,014	6,321 6,321	5,251 5,251	9,108 9,108
10,199 10,199	10,446 10,446	9,805 9,805	9,142 9,142
(3,735) (3,735)	(4,591) (4,591)	(4,909) (4,909)	(704) (704)
550 550	466 466	355 355	670 670
14 14	13 13	11 11	19 19
30 30	32 32	31 31	31 31
(25) (25)	(35) (35)	(35) (35)	(4) (4)
35 35	28 28	21 21	40 40
10,290 10,290	9,573 9,573	8,392 8,392	11,642 11,642
12,101 12,101	12,355 12,355	11,424 11,424	10,362 10,362
(2,428) (2,428)	(3,315) (3,315)	(3,472) (3,472)	516 516
617 617	533 533	440 440	764 764

7,363 7,363	6,381 6,381	5,538 5,538	9,196 9,196
527 527	849 849	1,250 1,250	1,193 1,193
(3,773) (3,773)	(3,709) (3,709)	(2,877) (2,877)	(3,064) (3,064)
1,800 1,800	1,641 1,641	598 598	3,703 3,703
3,267 3,267	1,665 1,665	2,739 2,739	4,128 4,128
410 410	374 374	598 598	3,703 3,703
(353) (353)	410 410	(514) (514)	664 664
(374) (374)	332 332	(554) (554)	628 628
438,837 438,837	438,837 438,837	438,837 438,837	438,837 438,837

15,097 15,097	13,476 13,476	11,942 11,942	10,411 10,411
7,447 7,447	6,921 6,921	6,358 6,358	5,732 5,732
7,650 7,650	6,555 6,555	5,584 5,584	4,679 4,679
241 241	252 252	280 280	301 301
322 322	335 335	346 346	339 339
159 159	160 160	202 202	257 257


6 6	(1) (1)	2 2	0 0
5 5	(3) (3)	13 13	0 0
11 11	20 20	(42) (42)	0 0

6 6	7 7	7 7	0 0
2 2	5 5	16 16	0 0
27 27	22 22	(30) (30)	0 0

13.82 13.82	12.91 12.91	13.42 13.42	14.77 14.77
0.038 0.038	0.036 0.036	0.049 0.049	0.069 0.069
0.049 0.049	0.072 0.072	0.084 0.084	0.104 0.104
0.136 0.136	0.125 0.125	0.137 0.137	0.136 0.136
1.235 1.235	1.347 1.347	1.421 1.421	1.414 1.414

Table Configuration
	Default value		Conversion value where available

Table Configuration

Default value

Conversion value where available

	Select All		Unit of measure
	Revenue		ZAR’m ZAR’m
	Cost of providing services and sale of goods		ZAR’m ZAR’m
	Selling, general and administration expenses		ZAR’m ZAR’m
	Other operating losses – net		ZAR’m ZAR’m
	Operating profit		ZAR’m ZAR’m
	Interest received		ZAR’m ZAR’m
	Interest paid		ZAR’m ZAR’m
	Other finance income/(costs) – net		ZAR’m ZAR’m
	Empowerment transaction		ZAR’m ZAR’m
	Share of equity-accounted results		ZAR’m ZAR’m
	Other gains – net		ZAR’m ZAR’m
	Profit before taxation		ZAR’m ZAR’m
	Taxation		ZAR’m ZAR’m
	Profit/(loss) for the year		ZAR’m ZAR’m
	Attributable to:
	Equity holders of the Group		ZAR’m ZAR’m
	Non-controlling interests		ZAR’m ZAR’m
	Total		ZAR’m ZAR’m
	Basic and diluted headline (loss)/ earnings for the year (R’m)		ZAR’m ZAR’m
	Basic and diluted headline (loss)/ earnings per ordinary share (SA cents)		ZAR’m ZAR’m
	Basic and diluted (loss)/earnings for the year (R’m)		ZAR’m ZAR’m
	Basic and diluted earnings/(loss) per ordinary share (ZAR cents)		ZAR’m ZAR’m
	Net number of ordinary shares issued (million)		ZAR’m ZAR’m

2019 ZAR’m	2018 ZAR’m	2017 ZAR’m	2016 ZAR’m
50,095 50,095	47,452 47,452	47,708 47,708	46,797 46,797
(29,203) (29,203)	(27,588) (27,588)	(27,843) (27,843)	(25,099) (25,099)
(13,496) (13,496)	(13,058) (13,058)	(14,119) (14,119)	(12,274) (12,274)
(33) (33)	(425) (425)	(208) (208)	(228) (228)
7,636 7,636	6,381 6,381	5,538 5,538	9,196 9,196
910 910	699 699	476 476	203 203
(1,437) (1,437)	(1,548) (1,548)	(1,726) (1,726)	(1,396) (1,396)
(1,492) (1,492)	699 699	(2,951) (2,951)	(1,020) (1,020)
(2,564) (2,564)	0 0	0 0	0 0
(171) (171)	(97) (97)	(76) (76)	(80) (80)
(112) (112)	113 113	84 84	47 47
2,497 2,497	6,247 6,247	1,345 1,345	6,950 6,950
(3,773) (3,773)	(3,709) (3,709)	(2,877) (2,877)	(3,064) (3,064)
(1,276) (1,276)	2,538 2,538	(1,532) (1,532)	3,886 3,886

(1,644) (1,644)	1,456 1,456	(2,432) (2,432)	2,756 2,756
368 368	1,082 1,082	900 900	1,130 1,130
(1,276) (1,276)	2,538 2,538	(554) (554)	3,886 3,886
(1,550) (1,550)	1,797 1,797	0 0	0 0
(353) (353)	410 410	0 0	0 0
(1,644) (1,644)	1,456 1,456	0 0	0 0
(374) (374)	332 332	(1,532) (1,532)	628 628
439 439	439 439	0 0	0 0

Table Configuration
	Default value		Conversion value where available

Table Configuration

Default value

Conversion value where available

	Select All		Unit of measure
	ASSETS
	Non-current assets		ZAR’m ZAR’m
	Property, plant and equipment		ZAR’m ZAR’m
	Goodwill and other intangible assets		ZAR’m ZAR’m
	Investments and loans		ZAR’m ZAR’m
	Amounts due from related parties		ZAR’m ZAR’m
	Derivative financial instruments		ZAR’m ZAR’m
	Deferred taxation		ZAR’m ZAR’m
	Current assets		ZAR’m ZAR’m
	Inventory		ZAR’m ZAR’m
	Programme and film rights		ZAR’m ZAR’m
	Trade and other receivables		ZAR’m ZAR’m
	Amounts due from related parties		ZAR’m ZAR’m
	Derivative financial instruments		ZAR’m ZAR’m
	Cash and cash equivalents		ZAR’m ZAR’m
	Assets classified as held-for-sale		ZAR’m ZAR’m
	TOTAL ASSETS		ZAR’m ZAR’m
	EQUITY AND LIABILITIES
	Equity reserves attributable to the Group’s equity holders		ZAR’m ZAR’m
	Share capital		ZAR’m ZAR’m
	Other reserves		ZAR’m ZAR’m
	Contributions from parent		ZAR’m ZAR’m
	Non-controlling interests		ZAR’m ZAR’m
	TOTAL EQUITY		ZAR’m ZAR’m
	Non-current liabilities		ZAR’m ZAR’m
	Capitalised finance leases		ZAR’m ZAR’m
	Long-term loans and other liabilities		ZAR’m ZAR’m
	Amounts due to related parties		ZAR’m ZAR’m
	Derivative financial instruments		ZAR’m ZAR’m
	Deferred taxation		ZAR’m ZAR’m
	Current liabilities		ZAR’m ZAR’m
	Capitalised finance leases		ZAR’m ZAR’m
	Programme and film rights		ZAR’m ZAR’m
	Provisions		ZAR’m ZAR’m
	Accrued expenses and other current liabilities		ZAR’m ZAR’m
	Amounts due to related parties		ZAR’m ZAR’m
	Derivative financial instruments		ZAR’m ZAR’m
	Liabilities classified as held-for-sale		ZAR’m ZAR’m
	TOTAL EQUITY AND LIABILITIES		ZAR’m ZAR’m
	Net asset value per ordinary share (SA cents)		ZAR’m ZAR’m

2019 ZAR'm	2018 ZAR’m	2017 ZAR’m	2016 ZAR’m

23,684 23,684	24,101 24,101	27,003 27,003	24,274 24,274
17,279 17,279	17,585 17,585	20,732 20,732	17,534 17,534
4,283 4,283	4,190 4,190	4,054 4,054	5,056 5,056
238 238	123 123	263 263	347 347
180 180	1,191 1,191	572 572	5 5
282 282	0 0	27 27	5 5
1,422 1,422	1,012 1,012	1,355 1,355	1,327 1,327
17,319 17,319	14,477 14,477	16,274 16,274	17,987 17,987
924 924	461 461	605 605	1,182 1,182
5,133 5,133	4,910 4,910	3,660 3,660	3,921 3,921
4,095 4,095	4,827 4,827	4,852 4,852	4,860 4,860
0 0	139 139	156 156	264 264
444 444	96 96	78 78	722 722
6,723 6,723	4,044 4,044	6,545 6,545	6,898 6,898
0 0	0 0	378 378	140 140
41,003 41,003	35,578 35,578	43,277 43,277	42,261 42,261

12,538 12,538	(4,650) (4,650)	(12,878) (12,878)	(13,482) (13,482)
0 0	0 0	0 0	0 0
(12,445) (12,445)	(7,156) (7,156)	(9,721) (9,721)	(13,779) (13,779)
24,983 24,983	2,506 2,506	(3,157) (3,157)	297 297
(2,743) (2,743)	(1,343) (1,343)	(1,037) (1,037)	46 46
9,795 9,795	(5,993) (5,993)	(13,915) (13,915)	(13,436) (13,436)
15,186 15,186	28,526 28,526	40,013 40,013	37,743 37,743
14,441 14,441	12,784 12,784	15,325 15,325	11,376 11,376
59 59	189 189	177 177	439 439
134 134	15,000 15,000	24,175 24,175	25,637 25,637
4 4	404 404	71 71	66 66
548 548	149 149	265 265	225 225
16,022 16,022	16,045 16,045	17,179 17,179	17,954 17,954
1,290 1,290	819 819	856 856	943 943
2,493 2,493	2,206 2,206	2,686 2,686	2,911 2,911
136 136	169 169	257 257	163 163
11,885 11,885	11,430 11,430	12,036 12,036	13,331 13,331
0 0	316 316	399 399	482 482
218 218	1,105 1,105	728 728	109 109
0 0	0 0	217 217	15 15
41,003 41,003	38,578 38,578	43,277 43,277	42,261 42,261
2,231 2,231	(1,365) (1,365)	0 0	0 0

Table Configuration
	Default value		Conversion value where available

Table Configuration

Default value

Conversion value where available

	Select All		Unit of measure
	Cash flows from operating activities
	Cash from operations		ZAR’m ZAR’m
	Cash generated from operating activities		ZAR’m ZAR’m
	Interest income received		ZAR’m ZAR’m
	Interest costs paid		ZAR’m ZAR’m
	Taxation paid		ZAR’m ZAR’m
	Net cash generated from operating activities		ZAR’m ZAR’m
	Cash flows from investing activities
	Property, plant and equipment acquired		ZAR’m ZAR’m
	Proceeds from sale of property, plant and equipment		ZAR’m ZAR’m
	Intangible assets acquired		ZAR’m ZAR’m
	Proceeds from sale of intangible assets		ZAR’m ZAR’m
	Loans to related parties*		ZAR’m ZAR’m
	Repayment of loans by related parties*		ZAR’m ZAR’m
	Acquisitions of subsidiaries and businesses, net of cash acquired		ZAR’m ZAR’m
	Disposals of subsidiaries and businesses		ZAR’m ZAR’m
	Cash movements in other investments and loans		ZAR’m ZAR’m
	Net cash utilised in investing activities		ZAR’m ZAR’m
	Cash flows from financing activities
	Proceeds from long- and short-term loans raised		ZAR’m ZAR’m
	Repayments of long- and short-term loans		ZAR’m ZAR’m
	Proceeds from related party funding		ZAR’m ZAR’m
	Repayment of related party funding		ZAR’m ZAR’m
	Repayments of capitalised finance lease liabilities		ZAR’m ZAR’m
	Repayments of capital contribution from parent		ZAR’m ZAR’m
	Dividends paid**		ZAR’m ZAR’m
	Dividends paid by subsidiaries to non-controlling shareholders		ZAR’m ZAR’m
	Net cash utilised in financing activities		ZAR’m ZAR’m
	Net movement in cash and cash equivalents		ZAR’m ZAR’m
	Foreign exchange translation adjustments on cash and cash equivalents		ZAR’m ZAR’m
	Cash and cash equivalents at the beginning of the year		ZAR’m ZAR’m
	Cash and cash equivalents classified as held-for-sale		ZAR’m ZAR’m
	Cash and cash equivalents at the end of the year		ZAR’m ZAR’m

2019 ZAR’m	2018 ZAR’m	2017 ZAR’m	2016 ZAR’m

9,449 9,449	7,243 7,243	8,958 8,958	10,967 10,967
0 0	7,243 7,243	8,958 8,958	10,967 10,967
368 368	582 582	335 335	202 202
(673) (673)	(734) (734)	(772) (772)	(725) (725)
(3,694) (3,694)	(3,664) (3,664)	(3,444) (3,444)	(3,759) (3,759)
5,450 5,450	3,427 3,427	5,077 5,077	6,685 6,685

(761) (761)	(665) (665)	(1,153) (1,153)	(1,593) (1,593)
0 0	122 122	90 90	248 248
(217) (217)	(223) (223)	(253) (253)	(551) (551)
0 0	7 7	0 0	12 12
(27,726) (27,726)	(27,937) (27,937)	(610) (610)	0 0
28,590 28,590	27,510 27,510	71 71	0 0
(8) (8)	(114) (114)	80 80	0 0
0 0	141 141	220 220	0 0
0 0	0 0	(92) (92)	(197) (197)
(122) (122)	(1,159) (1,159)	(1,647) (1,647)	(2,081) (2,081)

1,755 1,755	1,541 1,541	2,200 2,200	2,703 2,703
(1,813) (1,813)	(1,509) (1,509)	(2,488) (2,488)	(4,098) (4,098)
4,573 4,573	6,607 6,607	9,908 9,908	8,472 8,472
(196) (196)	(3,207) (3,207)	(4,160) (4,160)	(2,613) (2,613)
(879) (879)	(776) (776)	(839) (839)	(735) (735)
(20) (20)	(26) (26)	(25) (25)	(48) (48)
(5,261) (5,261)	(5,336) (5,336)	(5,244) (5,244)	(5,038) (5,038)
(1,463) (1,463)	(1,421) (1,421)	(1,396) (1,396)	(1,420) (1,420)
(3,389) (3,389)	(4,127) (4,127)	(2,044) (2,044)	(2,777) (2,777)
1,939 1,939	(1,859) (1,859)	1,386 1,386	1,827 1,827
740 740	(642) (642)	(1,655) (1,655)	713 713
4,044 4,044	6,545 6,545	6,898 6,898	4,375 4,375
0 0	0 0	(84) (84)	(17) (17)
6,723 6,723	4,044 4,044	6,545 6,545	6,898 6,898

Table Configuration
	Default value		Conversion value where available

Table Configuration

Default value

Conversion value where available

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