Financial Data Report CIEL LTD (THE GROUP) for the period ending 31.Dec.2017
Equity Statistics Particulars Units 29-Dec-17 Current Market Price MUR 7.14 52 week H/L* MUR 7.94 / 6.26 Market Capitalisation MUR Mn 12,065.89 P/B Times 0.60 P/E Times 23.03 Dividend Yield % 2.80 *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. Value Traded (MUR 000) 160000 140000 140183 120000 100000 80000 60000 40000 20000 67050 58391 15938 59246 15456 40490 29397 16472 9803 20546 64914 0 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Period 3 Months 6 Months 1 Year 3 Years Stock Returns (%) Stock Returns Index Returns Relative Return (19.20) (4.96) (14.24) (13.09) 6.70 (19.79) 11.91 21.50 (9.58) (1.17) 2.08 (3.25) Page 2
Shareholding Pattern (%) (30.06.2017) 33.05 45.16 Individuals Insurance and Assurance Companies 10.55 8.01 3.22 Pensions and Provident Funds Investment and Trust Companies Other Corporate Bodies Annual Financial Snapshot Income Statement Year Ended 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17 Total Income (MUR Mn) 9,697.7 17,512.22 19,411.77 21,195.14 Growth in Total Income (%) 80.58 10.85 9.19 Operating Revenue (MUR Mn) 9,718.0 16,454.94 18,532.55 20,258.33 Growth in Operating Revenue (%) 69.33 12.63 9.31 Per Share Data (MUR) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 BVPS NM/NA NM/NA NM/NA NM/NA Diluted EPS -0.4 0.70 0.31 0.31 Key Financial Ratios Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 EBITDA Margin (%) 9.2 15.68 14.76 14.12 PAT Margin (%) -0.5 12.70 6.38 5.65 PAT Margin on Total Income (%) -0.5 11.94 6.09 5.40 RoCE (%) NM/NA 6.62 5.70 4.66 RoE (%) NM/NA 11.88 5.99 5.66 Debt to Equity (times) 0.5 0.60 0.70 0.82 Interest Coverage (times) 3.5 4.44 3.10 2.52 Quarterly Financials Dec-17 Dec-16 Sep-17 Growth Growth Income Statement (MUR Mn) Y-o-Y (%) Q-o-Q (%) Total Income 6,091.04 5,145.93 5,525.49 18.37 10.24 EBITDA 1,114.84 1,061.85 401.69 4.99 177.54 Depreciation 285.21 221.69 281.61 28.65 1.28 EBIT 829.63 840.15 120.08-1.25 590.92 Interest 179.08 159.86 187.02 12.02-4.25 PBT 768.79 668.44-16.35 15.01 NM/NA PAT 630.68 569.11-25.23 10.82 NM/NA Per Share Data (MUR) Dec-17 Dec-16 Sep-17 Diluted EPS 0.18 0.17-0.01 Profitability Ratio (%) Dec-17 Dec-16 Sep-17 EBITDA Margin 18.30 20.63 7.27 PAT Margin 10.35 11.06-0.46 Page 3
Annual Financial Statistics Income Statement (MUR Mn) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 Operating Revenue (Includes Other Operating Revenue) 9,717.96 16,454.94 18,532.55 20,258.33 Other Income (Includes changes in fair value, extraordinary & exceptional items or any other income from non-operating source) -20.31 1,057.28 879.21 936.81 Total Income (Operating + Other income) 9,697.7 17,512.2 19,411.77 21,195.14 Cost of Sales / Operating Expenses 9,097.10 14,068.04 16,666.65 17,958.50 EBITDA 892.96 2,580.60 2,735.62 2,859.78 Depreciation, Amortization & Impairments 413.13 667.52 779.47 1,107.39 EBIT 479.83 1,913.08 1,956.15 1,752.39 Interest Expenses 137.08 431.31 630.43 696.23 PBT 50.35 2,345.36 1,335.22 1,433.02 PAT -52.52 2,090.21 1,181.93 1,144.09 Balance Sheet (MUR Mn) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 No. of Shares (Number) 1,521,083,726 1,522,619,008 1,525,039,944 1,526,878,008 Total Equity 17,906.87 22,044.40 23,584.06 23,663.57 Long Term Debt 4,526.02 5,605.24 5,367.36 11,074.29 Non Current Liabilities 386.55 503.41 596.57 1,417.23 Short Term Debt 3,768.52 5,810.94 8,952.56 5,410.20 Current Liabilities 16,723.34 16,820.10 17,740.84 20,486.54 DTL 768.74 1,239.96 1,042.48 1,014.47 Total Equity & Liabilities 44,080.0 52,024.04 57,283.86 63,066.29 Tangible Assets 14,262.32 20,296.92 23,583.90 25,661.79 Intangible Assets 1,841.87 2,909.35 3,232.59 3,600.64 Investment 7,842.98 8,924.31 7,820.11 9,222.17 Non Current Assets 2,916.34 3,052.44 3,936.51 4,835.93 Long Term Receivables 216.63 170.35 115.23 29.44 Cash & Bank Balance 5,159.79 4,460.25 5,583.35 5,430.30 Trade Receivable 3,965.81 4,332.63 4,805.75 5,047.49 DTA 86.96 138.43 82.21 141.64 Inventories 2,819.74 2,931.99 3,088.66 3,365.32 Other Current Assets 4,967.60 4,807.38 5,035.55 5,731.57 Total Assets 44,080.0 52,024.04 57,283.86 63,066.29 Total Current Assets 16,912.9 16,532.25 18,513.30 19,574.68 Total Current Liabilities 20,491.9 22,631.03 26,693.40 25,896.74 Trade Receivable (Non Current+Current) 4,182.4 4,502.97 4,920.97 5,076.94 Capital Employed 25,514.8 32,294.59 36,310.43 38,979.12 Tangible Networth 16,065.0 19,135.05 20,351.47 20,062.93 Page 4
Annual Financial Statistics (cont..) Per Share Data (MUR) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 BVPS NM/NA NM/NA NM/NA NM/NA Diluted EPS -0.4 0.70 0.31 0.31 DPS 0.1 0.16 0.18 0.20 Growth Y-o-Y (%) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 Growth in Total Income 80.6 10.85 9.19 Growth in EBITDA 189.0 6.01 4.54 Growth in PAT NM/NA -43.45-3.20 Growth in EPS NM/NA -55.71 - Key ratios Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 EBITDA Margin (%) 9.2 15.68 14.76 14.12 PAT Margin (%) -0.5 12.70 6.38 5.65 PAT Margin on Total Income (%) -0.5 11.94 6.09 5.40 RoCE (%) NM/NA 6.62 5.70 4.66 RoE (%) NM/NA 11.88 5.99 5.66 Debt - Equity (times) 0.5 0.60 0.70 0.82 Interest Coverage (times) 3.5 4.44 3.10 2.52 Current Ratio (times) 0.8 0.73 0.69 0.76 Inventory Days 56.6 74.62 65.93 65.59 Receivable Days 74.5 92.04 89.99 88.76 Result Analysis Total Income for the quarter ended December, 31 2017 Increased by 18.37 % compared to the same period previous year. Company recorded a Profit of MUR 630.68 Mn for the quarter ended December, 31 2017.The company reported a profit of MUR 1144.09 Mn for the year ended June 30, 2017. 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