Page 95 - Profile's Stock Exchange Handbook - 2025 Issue 2

Profile’s Stock Exchange Handbook: 2025 – Issue 2 JSE – BRI
British American Tobacco plc Burstone Group Ltd.
BRI BUR
ISIN: GB0002875804 SHORT: BATS CODE: BTI ISIN: ZAE000180915 SHORT: BURSTONE CODE: BTN
REG NO: 03407696 FOUNDED: 1902 LISTED: 2008 REG NO: 2008/011366/06 FOUNDED: 2008 LISTED: 2011
NATURE OF BUSINESS: British American Tobacco (BAT) is one of the NATURE OF BUSINESS: Burstone (previously Investec Property Fund) is
world’sleadingconsumergoodscompanies,withnicotineandtobaccobrands a fully integrated internationalreal estate businesswith c.R40 billion gross
sold around the globe. We employ over 55 000 people, partner with over 90 asset value (GAV) under management and c.R6.1 billion third-party
000 farmers and have factories in 48 countries, with offices in even more. capital under management. The Group invests in best-in-class assets
SECTOR: CnsStp—FoodBev&Tob—Tobacco— Tobacco focusing on fund management; asset management and development
NUMBER OF EMPLOYEES: 89 182 management. Burstone listed on the JSE 2011 and currently operates in
DIRECTORS: Anand K (ne), Guerra K (ind ne, UK), Kemmerich-Keil U South Africa, select European markets and Australia. About 55% of the
(ind ne), Koeppel H (ind ne, USA), Laury V (ne), Thomas D (ind ne, USA), Group’s asset base is comprised of foreign investments. The Group has a
Timuray S (ind ne), Jobin L (Chair, ind ne, Can), Marroco T (CEO, Brazil), strong management track record of more than 30 years operating in both
Benchikh S (CFO) local and international markets.
MAJOR ORDINARY SHAREHOLDERS as at 22 Apr 2025 SECTOR: RealEstate—RealEstate—REITS—Diversified
The Capital Group Companies, Inc 16.10% NUMBER OF EMPLOYEES: 0
Spring Mountain Investments Ltd. 9.22% DIRECTORS: Hourquebie P (ind ne), Moephuli D (ind ne), Morathi R K
BlackRock, Inc. 5.79% (ind ne), Nkonyeni V (ind ne), Riley N (ne), TheodosiouPA(ind ne, UK),
POSTAL ADDRESS: PO Box 631, Cape Town, 8000 TomlinsonRG(ind ne), Ngoasheng M M (Chair, ind ne),
MORE INFO: www.sharedata.co.za/sdo/jse/BTI Wooler A R (CEO), Sprenger J C (CFO)
COMPANY SECRETARY: Paul McCrory MAJOR ORDINARY SHAREHOLDERS as at 03 Dec 2024
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Investec Ltd. 21.71%
SPONSORS: JP Morgan Equities South Africa Ltd., UBS South Africa (Pty) Public Investment Corporation (SOC) Ltd. 17.77%
Ltd. Government Employees Pension Fund 14.30%
AUDITORS: KPMG LLP POSTAL ADDRESS: PO Box 78949, Sandton, 2196
MORE INFO: www.sharedata.co.za/sdo/jse/BTN
CAPITAL STRUCTURE AUTHORISED ISSUED COMPANY SECRETARY: Sashnee Maistry
BTI Ords GBP0.25p ea 2 858 265 349 2 342 825 304 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
DISTRIBUTIONS [GBPp] SPONSOR: Investec Bank Ltd.
Ords GBP0.25p ea Ldt Pay Amt AUDITORS: PwC Inc.
Quarterly No 51 23 Dec 25 4 Feb 26 60.06 CAPITAL STRUCTURE AUTHORISED ISSUED
Quarterly No 50 30 Sep 25 7 Nov 25 60.06 BTN Ords no par value 1 000 000 000 804 918 444
LIQUIDITY: Apr25 Avg 5m shares p.w., R3 093.8m(10.3% p.a.) DISTRIBUTIONS [ZARc]
JSE-TABA 40 Week MA BATS Ords no par value Ldt Pay Amt
Interim No 29 10 Dec 24 17 Dec 24 44.58
78860
Final No 28 11 Jun 24 18 Jun 24 40.95
73329 LIQUIDITY: Apr25 Avg 8m shares p.w., R69.1m(54.7% p.a.)
REIV 40 Week MA BURSTONE
67798
1512
62268
1335
56737
1159
51206
2020 | 2021 | 2022 | 2023 | 2024 |
983
FINANCIAL STATISTICS
(GBP million) Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 807
Final Final Final Final Final
Turnover 25 867 27 283 27 655 25 684 25 776 2020 | 2021 | 2022 | 2023 | 2024 | 631
Op Inc 2 736 - 15 751 10 523 10 234 9 962
NetIntPd(Rcvd) 1 098 1 895 1 641 1 486 1 745 NOTES: Investec Property Fund Ltd. renamed to Burstone Group Ltd. on 20
September 2023.
Minority Int 113 178 180 173 164
Att Inc 3 068 - 14 367 6 666 6 801 6 400 FINANCIAL STATISTICS
TotCompIncLoss 3 124 - 17 563 15 553 7 796 3 622 (R million) Sep 24 Mar 24 Mar 23 Mar 22 Mar 21
Fixed Ass 4 379 4 583 4 867 4 953 5 060 Interim Final Final Final(rst) Final
Inv & Loans 146 118 121 50 22 NetRent/InvInc 618 1 343 1 036 1 120 1 054
Tot Curr Ass 14 283 14 172 14 642 12 794 13 609 Total Inc 849 1 753 1 365 1 554 1 553
Ord SH Int 47 958 50 881 73 683 65 416 62 673 Attrib Inc - 810 232 195 1 038 - 328
Minority Int 352 368 342 300 282 TotCompIncLoss - 811 232 195 1 038 - 331
LT Liab 50 161 50 109 59 983 54 820 59 257 Ord UntHs Int 11 232 12 439 13 014 13 652 13 398
Tot Curr Liab 18 743 15 673 17 425 15 144 15 478 FixedAss/Prop 13 438 13 750 13 503 13 515 14 637
PER SHARE STATISTICS (cents per share) Tot Curr Ass 1 010 644 734 681 1 467
HEPS-C (ZARc) 2 406.55 8 414.84 6 707.83 6 438.51 6 232.10 Total Ass 24 482 25 848 25 384 24 039 25 148
DPS (ZARc) 5 426.92 5 126.93 4 364.38 4 381.40 4 218.50 Tot Curr Liab 3 950 3 277 2 330 2 479 3 397
NAV PS (ZARc) 51 228.74 53 209.27 65 016.33 61 754.74 54 475.59 PER SHARE STATISTICS (cents per share)
3 Yr Beta 0.08 0.09 0.30 0.40 0.61 HEPS-C (ZARc) - 89.65 28.21 43.70 177.85 128.13
Price High 69 999 71 400 74 444 59 248 73 124 DPS (ZARc) 44.58 89.46 99.41 102.23 92.23
Price Low 53 284 52 180 58 500 51 051 49 111 NAV PS (ZARc) 1 395.00 1 551.00 1 617.00 1 696.08 1 665.00
Price Prd End 67 657 54 151 67 410 58 591 54 545 3 Yr Beta 0.53 0.37 0.67 1.47 1.39
RATIOS Price Prd End 960 753 825 1 200 970
Ret on SH Fnd 6.36 - 26.81 9.04 10.35 10.43
Oper Pft Mgn 10.58 - 57.73 38.05 39.85 38.65 Price High 986 910 1 300 1 280 1 204
D:E 1.09 1.03 0.85 0.87 1.01 Price Low 655 681 766 929 635
Current Ratio 0.76 0.90 0.84 0.84 0.88 RATIOS
Div Cover 0.59 - 2.90 1.36 1.38 1.40 RetOnSH Funds - 1.87 1.50 7.61 - 2.44
RetOnTotAss - 6.99 5.35 6.43 6.10
Debt:Equity 1.02 1.00 0.90 0.72 0.81
OperRetOnInv - 9.76 7.67 8.29 7.20
OpInc:Turnover 61.34 65.43 57.05 62.87 71.83
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