TRE 201704200019A
Trading statement
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)
TRADING STATEMENT
The poor economic conditions experienced in the global container industry during 2016 and the
bankruptcy of Hanjin Shipping Co reported earlier had a materially detrimental effect on Trencor’s
results for the year ended 31 December 2016. This was exacerbated by Trencor, in compliance
with the requirements of IFRS, having had to charge additional depreciation on and impairing the
container fleets of Textainer and TAC, beyond what is required under the US GAAP reporting
applied by these companies.
Shareholders are advised that as a result headline loss per share, adjusted headline loss per share
and loss per share for the year ended 31 December 2016 are expected to be within the ranges set
out below:
2016 Expected 2015 Actual
% decrease/(increase) cps cps
Headline (loss)/earnings per share 178 - 190 (400) - (460) 513
Adjusted headline (loss)/earnings per
share (which excludes net unrealised
foreign exchange gains on
translation of long-term receivables) 190 - 204 (400) - (460) 443
Loss per share (1076) - (1095) (976) - (992) (83)
The financial information on which this trading statement is based has not been reviewed and
reported on by Trencor’s independent auditors.
On behalf of the Board
DM Nurek Chairman
20 April 2017
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
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