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Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words \"believe,\" \"expect,\" \"plan,\" \"intend,\" \"seek,\"\n\"anticipate,\" \"estimate,\" \"predict,\" \"potential,\" \"assume,\" \"continue,\" \"may,\" \"will,\" \"should,\" \"could,\" \"shall,\" \"risk\" or the negative of these terms or similar expressions that are predictions of or indicate future events and future trends.\nBy their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of\nfuture performance and that our actual results of operations, financial condition and liquidity, the development of the industry in which we operate and the effect of acquisitions on us may differ materially from those made in or suggested by the\nforward-looking statements contained in this presentation. In addition, even if our results of operations, financial condition and liquidity, the development of the industry in which we operate and the effect of acquisitions on us are consistent with the\nforward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods.\nImportant factors that could cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements are disclosed under the \"Risk Factors\" and \"Cautionary Statement Regarding\nForward-Looking Statements\" sections of the Registration Statement on Form 20-F filed on June 13, 2023.\nYou are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this presentation. We disclaim any duty to update and do not intend to update any forward-looking statements, all of which are\nexpressly qualified by the statements in this section, to reflect events or circumstances after the date of this presentation.\nAll information provided in this presentation is as of the date of this presentation, and we do not undertake any duty to update such information, except as required under applicable law.\nNon-IFRS Financial Measures\nThis presentation includes certain non-IFRS financial measures, including ARR, ARPU, adjusted EBITDA, adjusted EBITDA margin and free cash flow. These non-IFRS financial measures are not measures of financial performance in accordance with\nIFRS and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative or superior to IFRS measures. You should be aware that our\npresentation of these measures may not be comparable to similarly-titled measures used by other companies. Please see the definitions and/or reconciliations included in our earnings announcement (\"Earnings Announcement\").\nMarket and Industry Data\nWe include statements and information in this presentation concerning our industry ranking and the markets in which we operate, including our general expectations and market opportunity, which are based on information from independent industry\norganizations and other third-party sources (including a third-party market study, industry publications, surveys and forecasts). While Karooooo believes these third-party sources to be reliable as of the date of this presentation, we have not\nindependently verified any third-party information and such information is inherently imprecise. 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}, "kind": "source-note", "text": "(2) Adjusted EBITDA is a non-IFRS measure, defined as profit less finance income, plus finance costs, taxation, depreciation and amortization, plus any impact of non-recurring operational expenses. 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