Page 146 - Profile's Stock Exchange Handbook 2020 Issue 4

JSE – IMP Profile’s Stock Exchange Handbook: 2020 – Issue 4
POSTAL ADDRESS:POBox3013, Edenvale,1610
Imperial Logistics Ltd. EMAIL: Esha.Mansingh@imperiallogistics.com
WEBSITE: www.imperiallogistics.com
IMP
TELEPHONE: 011-372-6500
COMPANY SECRETARY: R A Venter
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSOR: Merrill Lynch SA (Pty) Ltd.
AUDITORS: Deloitte & Touche
Scan the QR code to BANKERS: First National Bank, Nedbank,
visit our website
Standard Bank
CALENDAR Expected Status
Annual General Meeting 9 Nov 2020 Confirmed
Next Interim Results 23 Feb 2021 Confirmed
Next Final Results 24 Aug 2021 Confirmed
ISIN: ZAE000067211 SHORT: IMPERIAL CODE: IPL
REG NO: 1946/021048/06 FOUNDED: 1946 LISTED: 1987
CAPITAL STRUCTURE AUTHORISED ISSUED
NATURE OF BUSINESS: IPL Ords 4c ea 394 999 000 202 074 388
Imperial is an African and European focused provider of DISTRIBUTIONS [ZARc]
logistics and market access solutions. Ranked among the top Ords 4c ea Ldt Pay Amt
30 global logistics providers, the group is listed on the Johan- Interim No 60 17 Mar 20 23 Mar 20 167.00
nesburg Stock Exchange and employs over 25 000 people. Final No 59 23 Sep 19 30 Sep 19 109.00
Operating in more than 26 countries, we play a critical role in Interim No 58 18 Mar 19 25 Mar 19 135.00
the lives of our clients, countries and communities by Final No 57 25 Sep 18 1 Oct 18 387.00
providing accesstoqualityproducts andservices. With afocus LIQUIDITY: Sep20 Ave 5m shares p.w., R231.3m(127.1% p.a.)
on five key industries - automotive, chemicals, consumer,
healthcare and industrial - we take our clients’ products to INDT 40 Week MA IMPERIAL
some of the fastest-growing and most challenging markets in
the world. We relentlessly seek out and leverage new technol-
ogy to deliver innovative, integrated, end-to-end solutions. 9635
Through our African presence and globalexpertise, Imperial’s 7846
purpose is to connect Africa and the world.
6056
SECTOR: Ind—Ind Goods&Srvcs—Ind Transportation—Trans Srvcs
4267
CONTROLLED BY: None
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2020 2477
Public Investment Corporation Ltd. 14.60% 2015 | 2016 | 2017 | 2018 | 2019 | 2020
M&G Investments (London) 10.90% Recent Announcements
Ukhamba Holdings 8.40%
Wednesday, 09 September 2020: Imperial shareholders (Sharehold-
FINANCIAL STATISTICS ers) are referred to the announcement released on the Stock
(R million) Jun 20 Jun 19 Jun 18 Jun 17 Jun 16
Final Final(rst) Final(rst) Final(rst) Final(rst) Exchange News Service (SENS) on 30 October 2018 and 14
Turnover 46 380 44 039 48 565 115 889 118 849 December 2018 in which they were advised of the introduction
Op Inc 1 459 2 413 2 868 6 049 6 382 of a Broad- Based Black Economic Empowerment partner,
NetIntPd(Rcvd) 762 605 569 1 680 1 440 namely, Afropulse Group (Pty) Limited (Afropulse) in its sub-
Tax 159 386 620 901 1 221 sidiary, Imperial Logistics Advance (Pty) Limited (Imperial
Minority Int 77 142 135 - 36 184 Advance), by way of a subscription of 25% of the issued share
Att Inc - 303 3 438 3 273 2 601 2 997 capital of Imperial Advance (B-BBEE Transaction).
TotCompIncLoss 683 3 887 4 063 2 160 3 328 Afropulse is a wholly black woman-owned business. As such,
Hline Erngs-CO 295 870 1 139 2 700 2 994
Fixed Ass 3 326 2 647 3 042 10 371 11 602 the B-BBEE Transaction resulted in Imperial Advance being a
more than 51% black-owned and more than 30% black
Right of use Ass 5 422 4 780 5 335 - -
Inv in Assoc 198 520 752 1 002 993 woman-owned enterprise contributing to enhancing Imperial
Inv & Loans 271 225 258 805 404 Logistics’ relevance and competitiveness in South Africa, and
Def Tax Asset 1 510 1 227 940 1 509 1 387 that of its clients.
Tot Curr Ass 19 529 14 633 51 720 36 114 38 526 The proposed transaction
Ord SH Int 7 320 7 774 22 321 20 742 20 173 As part of the B-BBEE Transaction, Afropulse, through a special
Minority Int 1 218 913 886 667 909 purpose vehicle, Opal Corp Trading (RF) Proprietary Limited
LT Liab 21 270 16 539 17 428 26 464 26 299 (Opal Corp), financed a portion of its acquisition consideration
Tot Curr Liab 12 984 11 361 35 331 21 687 23 320
for the 25% interest in Imperial Advance through preference
PER SHARE STATISTICS (cents per share)
EPS (ZARc) - 161.00 1 773.00 1 681.00 1339.00 1554.00 shares (“Preference Shares”)issued to The Standard Bank of
HEPS-C (ZARc)* 156.00 448.00 585.00 379.00 1 451.00 South Africa Limited (“SBSA”). In recent months, a decline in
DPS (ZARc) 167.00 244.00 710.00 650.00 795.00 the Imperial share price, which was exacerbated by the recent
NAV PS (ZARc) 3 783.00 3 960.00 11 464.00 10 550.00 10 261.00 COVID-19 lockdown, combined with an increase in net debt
3 Yr Beta 1.62 0.89 1.25 1.06 1.16 and decline in EBITDA in Imperial Advance has resulted in
Price High 6 300 8 764 11 671 7 724 7 567 breaches of the financial covenants set out in the funding agree-
Price Low 2 299 5 143 6 374 5 482 3 937 ments in respect of the Preference Shares (“Funding Agree-
Price Prd End 3 933 5 143 7 914 6 504 6 039
RATIOS ments”).
Ret on SH Fnd - 2.73 10.40 14.76 12.39 15.74 As to the consequencesof any potential enforcementby SBSA as
Ret On Tot Ass 2.03 6.29 8.25 7.54 8.15 a result of the above-mentioned breaches and remedy the
Oper Pft Mgn 3.15 5.48 5.91 5.22 5.37 above-mentioned breaches, a credit enhancement has been
D:E 2.57 2.03 0.49 1.28 1.30 proposed (and accepted by SBSA) whereby the Opal Corp share-
Int Cover 1.33 1.40 4.06 2.84 3.67
Current Ratio 1.50 1.29 1.46 1.67 1.65 holders will provide to SBSA a guarantee up to R10 million, and
Div Cover - 0.96 7.27 2.37 0.83 0.79 Imperial Logistics South Africa Holdings Proprietary Limited
*Continuing operations (“ÏLSA”) will provide to SBSA a guarantee up to R37 million
NUMBER OF EMPLOYEES: 25 000 (Imperial Guarantee).
DIRECTORS: Langeni P (Chair, ne), SparksRJA(ind ne),
Cooper P (ind ne), DempsterGW(ld ind ne), Radebe B (ind ne),
Reich D (ind ne), Akoojee M (CEO), de Beer J G (CFO)
144