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Conduit Capital Limited Integrated Report 2020

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Condensed Consolidated Reviewed Results for the Year
Ended 30 June 2020

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Conduit Capital is a JSE-listed investment holding company, with a number of subsidiaries and investments, most of which are involved in the Southern African insurance industry.

About us
CONDUIT'S VISION

To build a diversified insurance investment group supported by a robust non-insurance portfolio of value-building interests.

Achieving our vision requires developing long-term intrinsic value per share that outperforms market averages and our peers. To achieve this, we operate primarily through two internal investment strategies – Insurance and Investments – that dovetail synergistically to maximise value creation.

Spotlight on 2020

Net Asset Value (NAV) per share decreased by 105.1 cent to 24.6 cents

Basic loss per share of
88.7 cents

Headline loss of
77.6 million

Headline loss of 547.3 million

86.2 cents per share in cash and investments at work

Repurchased 3.1 million Conduit shares at a total cost of
R1.9 million

Total assets reduced by
25.9% from R2.28 billion to R1.69 billion

GOOD CORPORATE CITIZENSHIP

BBBEE Scorecard Contribution Level Conduit Capital – Non-compliant Constantia Insurance Company – Level 6

R340 000 donated to various CSR beneficiaries

895 learners gained financial sector skills and experience through the Group’s Internship programme, learnerships and consumer education Initiatives