MiX Telematics Announces Financial Results for Third Quarter of Fiscal Year 2014

* Amounts less than $1,000/R1,000

South African rand amounts have been translated to U.S. dollars at the exchange rate of R10.4675 per $1.00, which was the R/$ exchange rate reported by the South African Reserve Bank as of December 31, 2013. The U.S. dollar figures may not compute as they are rounded independently.

MiX TELEMATICS LIMITED                    
RECONCILIATION OF ADJUSTED EBITDA TO PROFIT FOR THE PERIOD
                               
South African rand United States dollar
Figures are in thousands unless otherwise stated

Three months
ended
December 31,

Three months
ended
December 31,

Three months
ended
December 31,

Three months
ended

December 31,

2013 2012 2013 2012
      Unaudited     Unaudited       Unaudited       Unaudited  
 
Adjusted EBITDA 65,512 69,205 6,259 6,612
Add:
Net profit on sale of property,plant and equipment and intangible assets 225 - 21 -
 
Less:
Depreciation (1) 13,413 9,815 1,281 938
Amortization (2) 12,140 13,754 1,159 1,314
Impairment (3) 414 - 39 -
Share-based compensation costs 1,191 1,061 114 101
Net loss on sale of property,plant and equipment and intangible assets - 4 - *

Foreign currency translation reserve released due to liquidation of intermediary subsidiary holding company

- 2,018 - 194
Transaction costs arising from acquisition of a business 45 9 4 1
Net realized foreign exchange gains/(losses) (4) 130 (394 ) 13 (38 )
                               
Operating profit 38,404 42,938 3,670 4,102
Add: Finance income/(costs) - net 24,921 (1,628 ) 2,381 (156 )
 
Less: Taxation 18,708 11,896 1,787 1,136
                               
Profit for the period     44,617     29,414         4,264       2,810  
 

 

 

 


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