Five-year annual review


      2016   2015 2014 2013 2012   CAGR  
Trading                      
Income Rm   12 283   11 343 10 767 9 910 9 031   6  
Gaming win Rm   7 361   6 976 6 819 6 525 6 111   5  
Rooms Rm   2 784   2 453 2 221 1 914 1 615   15  
Food and beverage Rm   1 353   1 203 1 063 869 752   16  
Other Rm   785   711 664 602 553   9  
Ebitdar Rm   4 543   4 223 4 214 3 886 3 501   7  
Ebitdar margin %   37.0   37.2 39.1 39.2 38.8      
Cash flow and borrowings                      
Free cash flow Rm   1 953   1 811 1 825 1 932 1 725      
Net debt Rm   9 248   9 211 4 439 3 580 4 184      
Debt:Ebitdar times   2.0   2.2 1.1 0.9 1.2      
Investment                      
Investment activities Rm   962   2 045 1 643 639 1 031      
Share buy-back Rm     3 019      
Maintenance capex Rm   945   749 769 579 436      
Shareholders’ ratios                      
Adjusted headline earnings per share cents   196.5   175.0 176.5 150.1 121.5   13  
Dividends per share(2) cents   98.0   89.0 89.0 75.0 60.0   13  
Dividend payout ratio %   50   51 50 50 49      
Stock exchange statistics                      
Share price at 31 March R   23.64   27.60 25.42 24.75 17.75      
Share price during period – highest R   29.26   30.39 28.75 25.35 19.08      
Share price during period – lowest R   19.85   25.00 23.75 17.40 15.20      
Shares traded as a percentage of shares in issue(1) %   35.2   102.5 4.5 4.0 4.4      
Number of shares in issue(1) million   957   957 1 098 1 098 1 097      
Market capitalisation Rm   22 633   26 424 27 916 27 176 19 474      
Closing price/earnings ratio times   12.0   15.8 14.4 16.5 14.6      
Closing earnings yield %   8.3   6.3 6.9 6.1 6.8      
Closing dividend yield %   4.1   3.2 3.5 3.0 3.4      
(1) Excluding treasury shares
(2) Dividends per share declared in relation to the financial period it relates to