RAND WATER ANNUAL REPORT 2023

HOW WE CREATE VALUE

CHIEF FINANCIAL OFFICER’S REPORT A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty ― Winston Churchill. The year 2023 signifies a turning point in history as we triumphantly commemorate 12 decades of excellence. Over the past 120 years, the world has undergone significant changes. Rand Water has also evolved during this time, maintaining its financial viability and solid foundation. Our reputation has attracted the interest of financial stakeholders who are eager to partner with us. We are committed to adapting to change and continuously improving our ability to provide world-class clean water to the citizens in our area of supply.

Ms. Matshidiso Nyembe Chief Financial Officer

#120 years of Excellence #120 years of Unqualified Audit Report

Revenue 10.9%

Current Ratio -14.7% 2.37 times (2022: 2.78 times)

Total Assets 9%

Net Income 2.1%

R19 578million (2022: R17 661million)

R44 242 million (2022: R40 538 million)

R3 536 million (2022: R3 462 million)

Cash & Cash Equivalents -0.3%

EBITDA -2.5%

Gross Income 12.1%

Total Liabilities 2% R8 563 million (2022: R8 381 million)

R3 304 million (2022: R3 391 million)

R6 034 million (2022: R5 380 million)

R4 897 million (2022: R4 913 million)

Net Cash Generated from Operations -10.7% R2 442 million (2022: R2 736 million)

Debt to Equity 9.6% 12.3%

Return on Assets -16.3% 6.2%

(2022: 13.6%)

(2022: 7.4%)

Financial Highlights 2022/23 Financial Year

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