2019

About EOH

EOH is one of the largest technology services companies in Africa and has a wide range of solutions in industry consulting, IT services, software, industrial technologies and business process outsourcing.

The Group continues to be an undisputed market leader in its core ICT businesses, which operate principally under the iOCO brand name. The nature of this business is systemic to both the public and private sector and is an integral technology partner for a number of South Africa's leading JSE-listed, blue-chip companies, as well as key metros and government departments.

The Group's c.10 500 employees deliver services to over 2 500 large enterprise customers across all major industries throughout South Africa, Africa, Europe and the Middle East. As a proudly South African business, EOH is committed to sustainable transformation, making a positive, meaningful contribution to society, and is a level 1 Broad-based Black Economic Empowerment ('B-BBEE') contributor.

EOH Group Purpose

To provide the technology, knowledge, skills and organisational ability critical to the development and growth of the markets we serve.

To be an ethical and relevant force for good and to play a positive role in society, beyond normal business practice.

THE EOH BUSINESS COMPRISES THREE MAJOR PILLARS WITH CLEAR ALIGNMENT OF FOCUS AND GROUPINGS OF VALUE:

Salient features for the year under review

• Enhanced King IV compliant Board and new executive leadership.
• Strategic focus defined for the short term. Further refinement and assessment of portfolio ongoing.
• Embarked upon a fit-for-purpose capital structure.
• Progress made towards reducing leverage.

Key financial indicators

• Continuing revenue – R11 791 million.
• Normalised EBITDA – R792 million.
• Cash of R1 049 million.
• Net asset value of R1 957 million.