Financial Data Report SUN LIMITED (THE GROUP) for the period ending 31.Mar.2017
Equity Statistics Particulars Units 31-Mar-17 Current Market Price MUR 40.00 52 week H/L* MUR 40.00 / 32.80 Market Capitalisation MUR Mn 5,869.23 P/B Times 0.95 P/E Times NM/NA 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. 30000 Value Traded (MUR 000) 25000 24239 20000 17914 15000 10000 5000 5110 10131 12034 7558 11879 7975 12265 14924 2973 9391 0 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Period 3 Months 6 Months 1 Year 3 Years Stock Returns (%) Stock Returns Index Returns Relative Return 55.19 24.83 30.36 31.88 9.95 21.94 18.69 6.87 11.82 (0.81) (2.74) 1.92 Page 2
Shareholding Pattern (%) (30.06.2016) - 13.61 6.60 63.4 11.93 4.40 Individuals Insurance and Assurance Companies Pension and Providend Funds Investment and Trust Companies Other Corporate Bodies Annual Financial Snapshot Income Statement Year Ended 31-Dec-12 31-Dec-13 30-Jun-15 30-Jun-16 Total Income (MUR Mn) 3,653.84 4,085.72 6,857.89 5,056.90 Growth in Total Income (%) 11.82 67.85-26.26 Operating Revenue (MUR Mn) 3,649.66 4,080.01 6,304.08 4,989.24 Growth in Operating Revenue (%) 11.79 54.51-20.86 Per Share Data (MUR) Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 BVPS 32.99 32.27 45.70 42.25 Diluted EPS 0.17-0.32 3.08-2.37 Key Financial Ratios Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 EBITDA Margin (%) 17.71 15.25 15.61 17.12 PAT Margin (%) 0.44-0.78 5.00-7.41 PAT Margin on Total Income (%) 0.44-0.78 4.60-7.31 RoCE (%) NM/NA 2.98 3.67 2.63 RoE (%) NM/NA -0.86 6.09-5.73 Debt to Equity (times) 1.59 1.58 1.10 1.58 Interest Coverage (times) 1.04 0.86 1.00 0.92 Quarterly Financials Mar-17 Mar-16 Dec-16 Growth Growth Income Statement (MUR Mn) Y-o-Y (%) Q-o-Q (%) Total Income 1,851.24 1,484.98 1,801.67 24.66 2.75 EBITDA 405.86 363.09 546.45 11.78-25.73 Depreciation 125.70 82.31 106.60 52.70 17.92 EBIT 280.16 280.78 439.86-0.22-36.31 Interest 134.01 122.11 119.74 9.74 11.92 PBT 155.87 103.76 246.94 50.23-36.88 PAT 124.05 88.24 219.45 40.58-43.47 Per Share Data (MUR) Mar-17 Mar-16 Dec-16 Diluted EPS 0.97 0.67 1.55 Profitability Ratio (%) Mar-17 Mar-16 Dec-16 EBITDA Margin 21.92 24.45 30.33 PAT Margin 6.70 5.94 12.18 Page 3
Annual Financial Statistics Income Statement (MUR Mn) Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 Operating Revenue (Includes Other Operating Revenue) 3,649.66 4,080.01 6,304.08 4,989.24 Other Income (Includes changes in fair value, extraordinary & exceptional items or any other income from non-operating source) 4.18 5.71 553.81 67.66 Total Income (Operating + Other income) 3,653.84 4,085.72 6,857.89 5,056.90 Cost of Sales / Operating Expenses 3,013.77 3,457.78 5,585.10 4,733.16 EBITDA 646.43 622.23 984.23 854.21 Depreciation, Amortization & Impairments 275.85 318.72 522.03 433.32 EBIT 370.58 303.51 462.20 420.90 Interest Expenses 357.16 353.17 463.00 457.45 PBT 7.07-43.95 287.77-567.04 PAT 16.06-31.85 315.39-369.46 Balance Sheet (MUR Mn) Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 No. of Shares (Number) 113,397,435 113,397,435 146,730,768 146,730,768 Total Equity 5,472.51 5,379.75 8,914.42 8,646.09 Long Term Debt 3,975.87 3,796.20 4,344.35 3,792.91 Non Current Liabilities 56.03 113.59 190.06 264.59 Short Term Debt 1,953.53 2,001.06 3,009.39 5,973.27 Current Liabilities 1,375.39 1,263.71 1,910.47 1,694.76 DTL 564.11 532.10 866.61 655.57 Total Equity & Liabilities 13,397.44 13,086.41 19,235.31 21,027.20 Tangible Assets 10,091.93 9,913.70 14,922.74 15,983.17 Intangible Assets 1,732.01 1,719.90 2,208.89 2,447.29 Investment 10.80 10.59 820.64 813.84 Non Current Assets 281.68 165.88 129.70 90.01 Long Term Receivables - - - - Cash & Bank Balance 237.78 255.14 317.01 434.84 Trade Receivable 790.09 772.51 644.19 1,060.75 DTA - - - - Inventories 253.15 248.70 192.14 197.29 Other Current Assets - - - - Total Assets 13,397.44 13,086.41 19,235.31 21,027.20 Total Current Assets 1,281.02 1,276.35 1,153.34 1,692.89 Total Current Liabilities 3,328.92 3,264.77 4,919.87 7,668.03 Trade Receivable (Non Current+Current) 790.09 772.51 644.19 1,060.75 Capital Employed 10,290.04 10,102.81 15,115.95 16,885.15 Tangible Networth 3,740.50 3,659.86 6,705.54 6,198.80 Page 4
Annual Financial Statistics (cont..) Per Share Data (MUR) Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 BVPS 32.99 32.27 45.70 42.25 Diluted EPS 0.17-0.32 3.08-2.37 DPS - - - - Growth Y-o-Y (%) Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 Growth in Total Income 11.82 67.85-26.26 Growth in EBITDA -3.74 58.18-13.21 Growth in PAT NM/NA NM/NA NM/NA Growth in EPS NM/NA NM/NA NM/NA Key ratios Year Ended 31-Dec-13 30-Jun-15 30-Jun-16 EBITDA Margin (%) 17.71 15.25 15.61 17.12 PAT Margin (%) 0.44-0.78 5.00-7.41 PAT Margin on Total Income (%) 0.44-0.78 4.60-7.31 RoCE (%) NM/NA 2.98 3.67 2.63 RoE (%) NM/NA -0.86 6.09-5.73 Debt - Equity (times) 1.59 1.58 1.10 1.58 Interest Coverage (times) 1.04 0.86 1.00 0.92 Current Ratio (times) 0.38 0.39 0.23 0.22 Inventory Days 15.33 26.49 14.40 15.02 Receivable Days 39.51 69.90 41.01 62.36 Result Analysis Total Income for the quarter ended March, 31 2017 Increased by 24.66 % compared to the same period previous year. Company recorded a profit of MUR 124.05 Mn for the quarter ended March, 31 2017.The company reported a Loss of MUR 369.46 Mn for the year ended June 30, 2016. 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 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