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03 June 2020 17:00:00

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Updated at 06:35 on 04 Jun 2020

FINANCIAL RESULTS

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About
Omnia

The Omnia spirit underpins its service ethic, brings innovation to the fore, creates value for its customers and ensures integrity in all that it does.

The Omnia Group comprises a balanced and diversified range of complementary chemical services businesses with a broad geographic spread. The Group extracts operational synergies and efficiencies across its businesses. It has been in business since 1953 and is listed in the Chemicals sector of the Johannesburg Securities Exchange.

Unaudited results for the six months ended 30 September 2019

  • Management delivery on the short-term stabilisation plan
  • Oversubscribed rights offer of R2BN successfully concluded
  • Net debt: EBITDA ratio down to 2.35*
    * excluding IFRS 16 impact
  • Net debt decreased by R1.4BN from R4.65BN at HY2019 to R3.3BN
  • Revenue up 1% from R8.6BN to R8.7BN
  • Operating profit increased from R124M to R294M
  • Net asset value increased by 14% from R8.013BN to R9.116BN
  • Headline earnings per share of 49 cents
  • A profit after tax of R35M
  • Earnings per share of 39 cents
  • Level 3 B-BBEE rating
  • The Recordable Case Rate increased from 0.34 to 0.52

FOOTPRINT


Footprint map [map]

No interim dividend declared

Net working capital reduced by R714M from R5 346M to R4 632M

Sustainable debt package is being finalised:

  • Core term facilities of R2BN
  • Five-year revolving credit facility of R1BN
  • Committed, structured working capital facilities of R1.8BN

DIVISIONS

Evloving the future [emblem]

AGRICULTURE

Omnia's Agriculture division, Omnia Nutriology, is the market leader in southern Africa and comprises Omnia Fertilizer and Omnia Specialities.

The division produces granular, liquid and speciality fertilisers for a broad customer base of farmers, co-operatives and wholesalers throughout southern and East Africa, Australia, New Zealand and Brazil.

MINING

BME is the leading supplier of explosives to the South African open pit mining and quarrying industry. It offers ground breaking solutions to all its customers and has operations in South Africa, Namibia, Botswana, Zimbabwe, Mali, Swaziland, Sierra Leone, Mauritania, Malawi, Senegal and Zambia. It also trades into Mozambique and the DRC.

Protea Mining Chemicals offers value-added services to complement a wide range of chemical products.

CHEMICALS

Protea Chemicals is a well-established manufacturer and distributor of speciality, functional and effect chemicals and polymers, with a major presence in every sector of the broader chemical distribution market. Operating throughout South Africa and widely across the African continent, the company represents a large number of domestic and international principals, counting among its suppliers many of the world's leading chemical producers.