MiX Telematics Announces Financial Results for Third Quarter of Fiscal Year 2014

(1) Includes depreciation of property, plant and equipment (including in-vehicle devices).
(2) Includes amortization of intangible assets (including product development costs).
(3) Includes impairment of intangibles assets.
(4) As per our adjusted EBITDA definition, the profit measure is calculated before all unrealized foreign exchange gains/(losses) and foreign exchange gains/(losses) related to the cash proceeds raised through the initial public offering of ADRs on the NYSE. The remaining realized foreign exchange gains/(losses), which are included in adjusted EBITDA, have been included in the reconciliation of adjusted EBITDA to operating profit.

MiX TELEMATICS LIMITED                    
OTHER FINANCIAL AND OPERATING DATA
                             
South African rand United States dollar
Figures are in thousands unless otherwise stated

Three months
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December 31,

 

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December 31,

Three months
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2013 2012 2013 2012
        Unaudited     Unaudited       Unaudited     Unaudited
 
Subscription revenue 219,835 176,032 21,002 16,817
Adjusted EBITDA 65,512 69,205 6,259 6,612
Cash and cash equivalents 792,576 76,794 75,718 7,336
Net cash 731,056 19,418 69,842 1,855
Capital expenditure 32,966 21,645 3,149 2,068
Vehicles under subscription (number) 428,509 340,377 428,509 340,377
 

 


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