ZEDA (JSE: ZZD) FY23 Earnings call + Slides

Highlights:
(Highs)
- Revenue up by 12% driven by increase in the rental and lease business.
- 31% EPS
- R1,55 bn unbundling debt paid.
- Rented out 1.2 vehicles per minute.
- 36.7% ROE.
- Dividend payout of 20-35% of profits from FY24.
(Lows)
- Net Financing up by 70%
- Net debt up (R4,8 billion)
(Outlook)
Going forward the business will be looking into subscription based models for it's consumer market and van market. This will be the next major source of growth and revenue for the company.