Financial Data Report (THE GROUP) for the period ending 31.Mar.2016
INVESTMENTS Equity Statistics Particulars Units 31-Mar-16 Current Market Price MUR 1.22 52 week H/L* MUR 1.40 / 1.17 Market Capitalisation MUR Mn 999.81 P/B Times 0.34 P/E Times 938.46 Dividend Yield % - *The 52W/H 52W/L prices are not adjusted to cater for Share Splits/Bonus Issues/Rights Issues and other corporate actions taking place within the 52 week period. 12000 Value Traded (MUR 000) 10000 9866 8000 6000 6154 6892 4000 2000 0 2554 2725 1190 391 690 356 338 116 261 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Period 3 Months 6 Months 1 Year 3 Years Stock Returns (%) Stock Returns Index Returns Relative Return 3.31 (3.07) 6.38 (12.31) (11.86) (0.45) (6.87) (9.01) 2.14 1.42 (1.86) 3.29 Page 2
INVESTMENTS Shareholding Pattern (%) (30.06.2015) - 31.76 5.34 9.76 53.13 Promotion and Development Ferryhill Enterprise Fincorp Investment others Annual Financial Snapshot Income Statement Year Ended 30-Jun-12 30-Jun-13 30-Jun-14 30-Jun-15 Total Income (MUR Mn) 495.75 488.24 438.30 462.11 Growth in Total Income (%) -1.52-10.23 5.43 Operating Revenue (MUR Mn) 478.51 487.87 459.44 461.61 Growth in Operating Revenue (%) 1.96-5.83 0.47 Per Share Data (MUR) Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 BVPS 3.51 3.53 3.56 3.56 Diluted EPS 0.04 0.0500 0.0190 0.0013 Key Financial Ratios Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 EBITDA Margin (%) 24.82 26.94 20.46 16.70 PAT Margin (%) 9.71 8.96 9.38 0.24 PAT Margin on Total Income (%) 9.37 8.96 9.83 0.24 RoCE (%) NM/NA 2.91 1.97 1.49 RoE (%) NM/NA 1.52 1.48 0.04 Debt to Equity (times) 0.27 0.27 0.27 0.28 Interest Coverage (times) 1.52 1.87 1.29 1.03 Quarterly Financials Mar-16 Mar-15 Dec-15 Growth Growth Income Statement (MUR Mn) Y-o-Y (%) Q-o-Q (%) Total Income 115.12 115.99 115.65-0.75-0.46 EBITDA 16.10 13.14 12.56 22.48 28.13 Depreciation - - - NM/NA NM/NA EBIT 16.10 13.14 12.56 22.48 28.13 Interest 13.94 13.74 13.32 1.50 4.67 PBT 2.16-0.59-0.76 NM/NA NM/NA PAT 0.72 0.08-1.39 847.37 NM/NA Per Share Data (MUR) Mar-16 Mar-15 Dec-15 Diluted EPS 0.0009 0.0001-0.0017 Profitability Ratio (%) Mar-16 Mar-15 Dec-15 EBITDA Margin 13.98 11.33 10.86 PAT Margin 0.63 0.07-1.20 Page 3
INVESTMENTS Annual Financial Statistics Income Statement (MUR Mn) Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 Operating Revenue (Includes Other Operating Revenue) 478.51 487.87 459.44 461.61 Other Income (Includes changes in fair value, extraordinary & exceptional items or any other income from non-operating source) 17.24 0.37-21.14 0.50 Total Income (Operating + Other income) 495.75 488.24 438.30 462.11 Cost of Sales / Operating Expenses 359.74 356.43 352.56 384.53 EBITDA 118.78 131.44 94.01 77.09 Depreciation, Amortization & Impairments 16.02 19.86 18.29 19.63 EBIT 102.75 111.58 75.72 57.46 Interest Expenses 67.40 59.61 58.66 55.64 PBT 52.59 52.33 8.80 2.31 PAT 46.46 43.74 43.09 1.10 Balance Sheet (MUR Mn) Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 No. of Shares (Number) 819,520,000 819,520,000 819,520,000 819,520,000 Total Equity 2,884.37 2,895.32 2,921.02 2,921.68 Long Term Debt 558.33 488.83 419.32 636.50 Non Current Liabilities 12.70 13.93 23.53 26.01 Short Term Debt 217.94 288.64 357.73 175.97 Current Liabilities 146.32 141.16 83.79 97.58 DTL 162.47 164.78 129.00 129.97 Total Equity & Liabilities 3,982.12 3,992.66 3,934.38 3,987.70 Tangible Assets 185.28 179.75 179.75 174.76 Intangible Assets 4.26 4.87 4.37 4.04 Investment 3,664.72 3,665.02 3,631.52 3,669.17 Non Current Assets 0.48 0.48 0.47 0.46 Long Term Receivables - - - 4.83 Cash & Bank Balance 0.45 0.22 0.16 0.59 Trade Receivable 110.13 125.03 100.38 118.46 DTA - 0.24 3.50 5.85 Inventories 16.80 17.06 14.24 9.55 Other Current Assets - - - - Total Assets 3,982.12 3,992.66 3,934.38 3,987.70 Total Current Assets 127.38 142.31 114.78 128.60 Total Current Liabilities 364.26 429.80 441.52 273.55 Trade Receivable (Non Current+Current) 110.13 125.03 100.38 123.29 Capital Employed 3,831.54 3,846.62 3,846.22 3,886.09 Tangible Networth 2,880.11 2,890.45 2,916.65 2,917.64 Page 4
INVESTMENTS Annual Financial Statistics (cont..) Per Share Data (MUR) Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 BVPS 3.51 3.53 3.56 3.56 Diluted EPS 0.04 0.0500 0.0190 0.0013 DPS 0.04 0.04 - - Growth Y-o-Y (%) Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 Growth in Total Income -1.52-10.23 5.43 Growth in EBITDA 10.66-28.48-18.00 Growth in PAT -5.87-1.47-97.45 Growth in EPS 25.00-62.00-93.16 Key ratios Year Ended 30-Jun-13 30-Jun-14 30-Jun-15 EBITDA Margin (%) 24.82 26.94 20.46 16.70 PAT Margin (%) 9.71 8.96 9.38 0.24 PAT Margin on Total Income (%) 9.37 8.96 9.83 0.24 RoCE (%) NM/NA 2.91 1.97 1.49 RoE (%) NM/NA 1.52 1.48 0.04 Debt - Equity (times) 0.27 0.27 0.27 0.28 Interest Coverage (times) 1.52 1.87 1.29 1.03 Current Ratio (times) 0.35 0.33 0.26 0.47 Inventory Days 8.52 17.33 16.20 11.29 Receivable Days 42.00 87.97 89.54 86.52 Result Analysis Total Income for the quarter ended March 31, 2016 decreased by 0.75% compared to the same period previous year. The Group reported a Profit of MUR 0.72 Mn for the quarter ended March 31, 2016. The Group reported a profit of MUR 1.10 Mn for the year ended June, 30 2015. For further information, please read the explanatory note giving the definition and interpretation of the ratios and data along with the report. Contact: Saurav Chatterjee saurav.chatterjee@careratingsafrica.com +230-58626551 CARE Ratings (Africa) Private Limited Amit Ramsohoy amit.ramsohoy@careratingsafrica.com +230-59553060 CARE Ratings (Africa) Private Limited Disclaimer This report is prepared by CARE Ratings (Africa) Private Limited (CRAF). CRAF has taken utmost care to ensure accuracy and objectivity while developing this report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed by CRAF or by the Stock Exchange of Mauritius Ltd (SEM). SEM and CRAF make no representations, give no warranty and disclaim all liability in respect thereof and shall not be held liable for any damage, loss or cost incurred resulting from any error in the information or any use of or reliance on the said information. SEM and CRAF are not responsible for any errors or omissions in analysis/inferences/views or for results obtained from the use of information contained in this report and especially state that SEM and CRAF has no financial liability whatsoever to the user of this report. Appropriate independent advice should be obtained before making any investment or relying on the contents contained in this report. Page 5