Value creation at a glance
Value unlocked in FY21
Solid operational execution across all divisions in challenging Covid-19 environment
Resumption of ordinary dividend (100 SA cents per share)
R8.7 million
CSI spend at Datatec head office
uEPS
13.6 US cents
Net debt
US$60.9 million
Strong
partner and vendor relationships
Group revenue
US$4.1 billion
Close to 3 000 individuals provided with access to computer technology
Westcon SA BBBEE status
Level 1
Adjusted EBITDA (excluding restructuring costs)
US$141.0 million
Close to 2 000 learners indirectly benefiting from school-level intervention in maths and science
Logicalis SA BBBEE status
Level 2
Cash generated from operations
US$234.4 million
Over 500 individuals benefiting from ICT skills training over a two-year period
Value added statement
| 2021 US$'000 |
Restated^ 2020 US$'000 |
||
| Revenue | 4 109 463 | 4 214 421 | |
|---|---|---|---|
| Interest received | 1 895 | 14 911 | |
| Gain on disposal of subsidiaries | – | 1 332 | |
| Less: Paid to suppliers for materials and services | (3 349 172) | (3 339 777) | |
| Total value added | 762 186 | 890 887 | |
| Distributed as follows: | |||
| Employees | |||
| Salaries, wages and benefits | 635 791 | 649 246 | |
| Providers of capital | |||
| Financing costs | 27 587 | 40 785 | |
| Share repurchases | – | 44 345 | |
| Treasury shares purchased | – | 2 230 | |
| Distributions to shareholders | – | 15 371 | |
| Distributions to non-controlling interests | 4 905 | 2 970 | |
| Government | |||
| Taxation – current | 29 173 | 32 055 | |
| Total value distributed | 697 456 | 787 002 | |
| Portion of value reinvested to sustain and expand the business | |||
| Depreciation and amortisation | 68 659 | 76 120 | |
| Deferred taxation | (9 633) | (246) | |
| Non-controlling interests | 3 103 | 13 772 | |
| Equity holders of the parent (excluding the gain on disposal of subsidiaries) | 2 601 | 14 239 | |
| Total value distributed and reinvested | 762 186 | 890 887 |
Reinvested to sustain and expand the Group
8.5% (FY20: 11.7%)
US$65 million (FY20: US$104 million)
Employees
83.4% (FY20: 72.9%)
US$636 million (FY20: US$649 million)
Providers of financing
3.6% (FY20: 4.6%)
US$28 million (FY20: US$41 million)
Government
3.8% (FY20: 3.6%)
US$29 million (FY20: US$32 million)
During FY21, Datatec added
US$762 million of value
(FY20: US$891 million)which was distributed among our key stakeholders.
Share repurchases and treasury share purchases
0% (FY20: 5.2%)
US$nil (FY20:US$47 million)
Non-controlling interests
0.7% (FY20: 0.3%)
US$5 million (FY20: US$3 million)
Shareholders
0% (FY20: 1.7%)
US$nil (FY20: US$15 million)
| ^ | "FY20 revenue has been restated. Refer to Note 1 of the Group consolidated annual financial statements of the Annual Report. |