Financial Data Report ROGERS AND COMPANY LIMITED (THE GROUP) for the period ending 31.Dec.2017
Equity Statistics Particulars Units 29-Dec-17 Current Market Price MUR 31.30 52 week H/L* MUR 33.00 / 27.00 Market Capitalisation MUR Mn 7,889.02 P/B Times 0.46 P/E Times 16.22 Dividend Yield % 2.94 *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) 30000 28491 25000 20000 15000 10000 5000 2991 4176 5761 11956 10848 6738 10063 9903 6879 9871 6212 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 (2.54) (4.96) 2.42 15.86 6.70 9.16 13.20 21.50 (8.30) 6.04 2.08 3.96 Page 2
Shareholding Pattern (%) (30.06.2017) 2.00 1.00 2.00 8.00 87.00 Individuals Insurance and Assurance Companies 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) 6,935.40 8,093.90 8,775.10 9,513.40 Growth in Total Income (%) 16.70 8.42 8.41 Operating Revenue (MUR Mn) 6,187.00 7,151.00 8,167.40 8,663.00 Growth in Operating Revenue (%) 15.58 14.21 6.07 Per Share Data (MUR) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 BVPS 550.25 56.68 61.99 68.77 Diluted EPS 1.9 2.16 1.61 1.93 Key Financial Ratios Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 EBITDA Margin (%) 21.63 23.29 21.82 23.21 PAT Margin (%) 12.45 14.68 10.89 12.98 PAT Margin on Total Income (%) 11.11 12.97 10.14 11.82 RoCE (%) NM/NA 7.36 6.62 6.32 RoE (%) NM/NA 7.46 5.95 6.82 Debt to Equity (times) 0.28 0.30 0.56 0.55 Interest Coverage (times) 3.71 4.76 2.69 3.08 Quarterly Financials Dec-17 Dec-16 Sep-17 Growth Growth Income Statement (MUR Mn) Y-o-Y (%) Q-o-Q (%) Total Income 3,010.40 2,395.10 2,098.8 25.69 43.4 EBITDA 458.80 417.90 70.4 9.79 551.7 Depreciation - - - NM/NA NM/NA EBIT 458.80 417.90 70.40 9.79 551.7 Interest 142.90 134.40 143.4 6.32-0.3 PBT 465.50 285.70-0.4 62.93 NM/NA PAT 403.70 217.80 1.1 85.35 36,600.0 Per Share Data (MUR) Dec-17 Dec-16 Sep-17 Diluted EPS 1.19 0.55-0.08 Profitability Ratio (%) Dec-17 Dec-16 Sep-17 EBITDA Margin 15.24 17.45 3.35 PAT Margin 13.41 9.09 0.05 Page 3
ROGERS AND COMPANY LIMITED Annual Financial Statistics Income Statement (MUR Mn) Year Ended 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17 Operating Revenue (Includes Other Operating Revenue) 6,187.00 7,151.00 8,167.40 8,663.00 Other Income (Includes changes in fair value, extraordinary & exceptional items or any other income from non-operating source) 748.40 942.90 607.70 850.40 Total Income (Operating + Other income) 6,935.40 8,093.90 8,775.10 9,513.40 Cost of Sales / Operating Expenses 5,526.00 6,352.00 6,890.10 7,352.20 EBITDA 1,338.50 1,665.50 1,781.80 2,010.40 Depreciation, Amortization & Impairments 330.80 296.20 324.70 352.50 EBIT 1,007.70 1,369.30 1,457.10 1,657.90 Interest Expenses 271.30 287.40 541.40 538.70 PBT 807.30 1,158.30 1,018.90 1,270.00 PAT 770.40 1,049.50 889.70 1,124.50 Balance Sheet (MUR Mn) Year Ended 30-Jun-14 30-Jun-15 30-Jun-16 30-Jun-17 No. of Shares (Number) 25,204,530 252,045,300 252,045,300 252,045,300 Total Equity 14,361.50 15,049.90 16,419.90 18,169.60 Long Term Debt 2,915.70 3,482.90 7,152.50 7,575.60 Other Non Current Liabilities 153.10 166.70 180.90 163.80 Short Term Debt 1,029.90 836.20 1,650.20 1,915.60 Other Current Liabilities 2,454.50 2,858.70 3,677.60 3,015.50 DTL 215.40 240.20 368.90 518.70 Total Equity & Liabilities 21,130.1 22,634.60 29,450.00 31,358.80 Tangible Assets 7,450.40 7,550.20 18,408.30 20,203.80 Intangible Assets (incl. bearer biological assets) 492.80 763.00 796.80 836.00 Investment 9,790.30 10,664.20 5,579.90 5,870.60 Other Non Current Assets 196.40 97.00 150.20 212.70 Long Term Receivables 146.30 137.50 84.70 68.60 Cash & Bank Balance 674.30 817.00 944.10 888.10 Trade Receivable 2,088.00 2,297.20 3,106.40 2,461.10 DTA - - - - Inventories 291.60 308.50 379.60 364.80 Other Current Assets - - - 453.10 Total Assets 21,130.1 22,634.60 29,450.00 31,358.80 Total Current Assets (Excl. Investment in financial assets) 3,053.90 3,422.70 4,430.10 4,167.10 Total Current Liabilities 3,484.40 3,694.90 5,327.80 4,931.10 Trade Receivable (Non Current+Current) 2,234.30 2,434.70 3,191.10 2,529.70 Capital Employed 18,182.80 19,012.90 24,975.60 27,507.30 Tangible Networth 13,868.70 14,286.90 15,623.10 17,333.60 Page 4
Annual Financial Statistics (cont..) Per Share Data* (MUR) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 BVPS 550.25 56.68 61.99 68.77 Diluted EPS 1.85 2.16 1.61 1.93 DPS 0.80 0.84 0.88 0.92 * The company had a stock split on 16th December 2014 in a ratio of 1:10. Growth Y-o-Y (%) Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 Growth in Total Income 16.70 8.42 8.41 Growth in EBITDA 24.43 6.98 12.83 Growth in PAT 36.23-15.23 26.39 Growth in EPS 16.76-25.46 19.88 Key ratios Year Ended 30-Jun-15 30-Jun-16 30-Jun-17 EBITDA Margin (%) 21.63 23.29 21.82 23.21 PAT Margin (%) 12.45 14.68 10.89 12.98 PAT Margin on Total Income (%) 11.11 12.97 10.14 11.82 RoCE (%) NM/NA 7.36 6.62 6.32 RoE (%) NM/NA 7.46 5.95 6.82 Debt - Equity (times) 0.28 0.30 0.56 0.55 Interest Coverage (times) 3.71 4.76 2.69 3.08 Current Ratio (times) 0.88 0.93 0.83 0.85 Inventory Days 9.63 17.24 18.23 18.48 Receivable Days 61.59 111.91 120.74 117.29 Result Analysis Total Income for the quarter ended December, 31 2017 Increased by 25.69 % compared to the same period previous year. Company recorded a profit of MUR 403.7 Mn for the quarter ended December, 31 2017.The company has reported a profit of MUR 1124.5 Mn for the year ended June, 30 2017. 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