Integrated Annual Report | 2023

Integrated Annual Report 2023

OUR VISION IS TO BE THE LEADING HOSPITALITY GROUP IN SOUTHERN AFRICA
BY CREATING EXCEPTIONAL EXPERIENCES AT EVERY ONE OF OUR
DISTINCTIVE DESTINATIONS.

Joint statement from the Chairman
and Chief Executive Officer

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Chief Financial Officer’s review

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STRATEGY AND PERFORMANCE REVIEW

ORGANIC GROWTH

Income
R5 081m
2022: R2 708m
Ebitdar
R1 436m
2022: R590m
Ebitdar margin
28%
2022: 22%
Adjusted headline profit/(loss) per share
30.0 cents
2022: (8.0) cents
Free cash flow
R753m
2022: R223m
Maintenance capital expenditure
R104m
2022: R43m

With over 50 years of excellence providing a home away from home, Southern Sun has earned the trust of our guests, who find exceptional quality and service with flair at every one of our distinctive destinations. From functional to luxurious and from exciting to relaxing, Southern Sun offers a brand and a service to suit every traveller’s needs.

Comprising an extensive collection of over 90 hotels and resorts in South Africa, Africa, the Seychelles and the Middle East, a wide selection of restaurants and bars, and strategically located conference and banqueting facilities, Southern Sun provides exceptional hospitality products of unparalleled variety and scale.

Our global footprint