Condensed consolidated reviewed results for the year ended
30 June 2019

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Conduit Capital Limited Integrated Report 2019

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Spotlight on 2019

Net Asset Value (NAV) per share decreased by 46.9% to 105.1 cents
Headline loss per share of
88.7 cents
Headline loss of
R622.9 million

148.1 cents per share
in cash and investments at work
Weighted return on investment portfolio 32.3% loss
(including dividends)
Repurchased 4.8 million Conduit shares at a total cost of
R8.1 million

Total assets reduced by
5.4%
from R2.41 billion to R2.28 billion
The Group’s solvency reinsurance normalised net premium income increased by
50.7%
during the period under review
Global Credit Rating – BBB(ZA) and A3(ZA) in the long-term and short-term, with both ratings placed on Rating Negative Watch International scale rating of B with a stable outlook.

CONDUIT’S NET ASSET VALUE PER SHARE DECLINED 46.9%, BUT IN OUR OPINION, THE INTRINSIC VALUE OF OUR BUSINESS INCREASED, BECAUSE OF THE CAPACITY WE HAVE INSTALLED FOR FUTURE GROWTH.

Invested significantly
into building Constantia’s infrastructure, people resource and systems, as necessary to support an eventual medium-size insurance operation
Constantia increased
business capacity and market penetration
BBBEE Scorecard Contribution Level Conduit Capital – Level 8
Constantia Insurance Company – Level 6

Constantia’s insurance premiums have grown from R788 million in 2015 to R2.05 billion in 2019
887 learners gained skills
and financial sector experience through the Group’s internship programme, learnerships and consumer education initiatives
R307 200 donated
to various CSR beneficiaries

Latest Information

Financial Results

Condensed consolidated reviewed results
for the year ended 30 June 2019


Conduit Capital Limited Integrated Annual Report 2019

Investor Calendar

Date: Friday, 15 November 2019
Event: Annual General Meeting
Time: 09h00
Address/Venue: The Fairway Hotel & Spa, Setperk Street, Randpark, Randburg 2125