C & I Leasing : AND I LEASING PL. EARNINGS FOREAST

September 26, 2022.

The Director-General,

The Nigerian Stock Exchange

Stock Exchange Building,

2/4, Customs Street, Marina, Lagos.

Dear Sir,

EARNINGS FORECAST FOR THE FOURTH QUARTER ENDING DECEMBER 31, 2022.

The above refers.

Please find attached C&I Leasing Plc's Q.4 2022 Group Earnings Forecast for the period ending December 31, 2022.

Thank you as you acknowledge receipt.

Yours faithfully

For: C & I LEASING PLC

ADESOJI AIYEOLA	OKEY NNAKE
Head of Finance	Chief Financial Officer

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (ViceChairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa(Non-Executive), lkechukwu Duru(IndependentNon-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)

C&I LEASING PLC

EARNINGS FORECAST

QUARTER		FOURTH
FROM		01/10/2022
TO	31/12/2022
		NGN
TURNOVER/REVENUE		4,483,711,688
COST OF SALES		(1,713,782,803)
GROSS PROFIT		2,769,928,886
MARKETING DISTRIBUTION AND ADMIN EXPENSES		(1,551,364,244)
OTHER INCOME		-
INTEREST INCOME		-
INTEREST PAYABLE AND SIMILAR CHARGES		(1,170,248,751)
PROFIT/LOSS(BEFORE TAX)		48,315,891
FORECAST TAXATION		(825,388)
PROFIT/(LOSS) AFTER TAX	47,490,503
CASH FROM OPERATING ACTIVITIES		3,810,958,964
OPERATING CASHFLOW BEFORE WORKING CAPITAL CHANGES		(1,134,219,597)
NET CASH GENERATED FROM OPERATING ACTIVITIES		2,676,739,367
CASH FLOW FROM INVESTING ACTIVITIES		2,153,190,000
CASH FLOW FROM FINANCING ACTIVITIES		(4,169,286,765)
NET DECREASE IN NET CASH & CASH EQUIVALENTS		660,642,602
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD		104,623,586
CASH BANK BALANCE AT THE END OF THE PERIOD		765,266,188

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (ViceChairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa(Non-Executive), lkechukwu Duru(IndependentNon-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)