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About our


This Integrated Annual Report ("IAR") provides information relating to Italtile's strategy and business model, operating context, material risks and opportunities, governance, sustainability and operational performance for the period 1 July 2022 to 30 June 2023.

We also consider the risks, opportunities and outcomes of our business activities on the various stakeholders who are affected by what we do.

These stakeholders and their interests are described in Our stakeholders. In addition, we have published Annual financial statements ("AFS"). The reporting process for all our reports has been guided by the principles and requirements contained in International Financial Reporting Standards ("IFRS"), the IIRC's International <IR> Framework, the Global Reporting Initiative Standards, the King IV™* Report on Corporate Governance for South Africa 2016 ("King IV"), the Listings Requirements of the JSE Limited ("JSE"), and the Companies Act (No 71 of 2008) as amended ("Companies Act").


Reporting element Assurance status and provider


Reviewed by the directors and management but has not been externally assured.

Financial information

All summarised financial information is extracted from the annual financial statements, audited by PricewaterhouseCoopers Inc., who expressed an unmodified audit opinion thereon.

non-financial performance metrics

Accredited service providers and agencies have verified selected non-financial performance metrics contained in the report, including our carbon footprint and the Broad-Based Black Economic Empowerment ("B-BBEE") rating.

All other
non-financial performance information

Management has verified the processes for measuring all other non-financial information.

* Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.


This report provides information that we believe is of material interest to current and prospective investors, and to any other stakeholder who wishes to make an informed assessment of Italtile's ability to generate value over the short, medium and long term. We have sought to ensure that all the information in this report relates to matters that have a material bearing on value creation at Italtile. Understanding our business and our business model forms the basis for appreciating how Italtile creates value, and identifying those issues impacting value. Our ability to create value is determined by the quality of our response to our operating context (The environment we operate in), the priority risks and opportunities facing our business (Strategic management of material risks), and the material interests of our key stakeholders (Our stakeholders). Making an informed assessment of the quality of our response requires an appreciation of our strategy (Strategic focus areas), our performance (Chief Executive Officer's report to Value added statement), the Italtile Limited Board of directors ("Board") (Our Board of directors), and our governance practices (Corporate governance).


This report contains certain forward looking statements which relate to the possible future performance and financial position of the Group. All forward looking statements are solely based on the views and considerations of the directors. These statements involve risk and uncertainty as they relate to events and depend on circumstances that may or may not occur in the future. The Group does not undertake to update or revise any of these forward looking statements publicly, whether to reflect new information, future events or otherwise. These forward looking statements have not been reviewed or reported on by the Group's external auditor.

The Group neither accepts any responsibility for any loss arising from the use of information contained in this report, nor undertakes to publicly update or revise any of its forward looking statements.

Statement of responsibility for the IAR

The Board of directors of the Company acknowledges its responsibility to ensure the integrity of this IAR, and has applied its collective mind in the preparation thereof. In the Board's opinion, the report addresses all material issues and fairly presents the Group's integrated performance.

On behalf of the Board

L R Langenhoven


L A Foxcroft

Chief Executive Officer

22 September 2023