Santova (SNV) Investor Presentation summary

Business model and strategic positioning

• Operates as a non-asset-based, technology-driven trade solutions specialist, focusing on supply chain engineering, business intelligence, and value-added logistics services across a global footprint of 33 offices in 13 countries.

• Emphasizes digital transformation, cloud-based technologies, and data analytics to optimize supply chain management and decision-making.

• Maintains a knowledge-based approach, leveraging employee expertise and intellectual property for sustainable earnings growth.

• Recent acquisition of Seabourne enhances fulfilment capabilities in the UK and Europe, supporting e-commerce and last-mile delivery strategies.

• Well-diversified geographically, with strategic presence in Africa, Asia Pacific, Europe, UK, North America, and Australia.

Financial performance and key metrics

• Revenue and net interest income decreased 1.2% to R630.4 million, while net profit after tax rose 0.5% to R148.1 million.

• Headline earnings per share (HEPS) declined 6.9% to 115.26 cents; tangible NAV per share increased 15.4% to R7.05.

• Operating margin improved to 30.6%, and net debt to equity ratio strengthened to -28.5%.

• Cash and cash equivalents increased to R486.2 million, with 93.4% held offshore.

• Offshore revenue accounted for 69.9% of total, with debtor days improving to 40.0.

Regional and segmental performance

• Africa NPAT grew 37.7% to R70.0 million, with South Africa and Mauritius showing revenue growth.

• Asia Pacific NPAT surged 108.3% to R23.8 million, driven by resilience in Singapore, growth in Vietnam, and strategic positioning in China.

• UK NPAT declined 41.8% to R29.4 million, impacted by the Red Sea crisis and subdued demand, but bolstered by new client acquisitions and expanded regional offices.

• Europe NPAT decreased 6.8% to R36.1 million; Germany grew revenue by 29.4% while the Netherlands declined by 4.6%.

• North America reduced its loss to R7.3 million, with 17% growth in new client revenues and improved staffing.