Page 148 - 2021 Issue 2

JSE – IMP Profile’s Stock Exchange Handbook: 2021 – Issue 2
POSTAL ADDRESS:POBox3013, Edenvale,1610
Imperial Logistics Ltd. EMAIL: Esha.Mansingh@imperiallogistics.com
WEBSITE: www.imperiallogistics.com
IMP
TELEPHONE: 011-372-6500
COMPANY SECRETARY: J Ravjee (Acting)
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of
FirstRand Bank Ltd. (SA))
Scan the QR code to AUDITORS: Deloitte & Touche
visit our website
BANKERS: First National Bank, Nedbank,
Standard Bank
CALENDAR Expected Status
Next Final Results 24 Aug 2021 Confirmed
Annual General Meeting 8 Nov 2021 Confirmed
ISIN: ZAE000067211 SHORT: IMPERIAL CODE: IPL Next Interim Results Feb 2022 Unconfirmed
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 focused provider of integrated market DISTRIBUTIONS [ZARc]
access and logistics solutions, with a focus on the following key Ords 4c ea Ldt Pay Amt
industries — healthcare, consumer, automotive, chemicals, in- Interim No 61 16 Mar 21 23 Mar 21 83.00
dustrial and commodities. Imperial takes its clients and princi- Interim No 60 17 Mar 20 23 Mar 20 167.00
23 Sep 19
109.00
Final No 59
30 Sep 19
pals’ products to some of the fastest growing and most chal- Interim No 58 18 Mar 19 25 Mar 19 135.00
lenging markets in the world. Ranked among the top 30 global
logistics providers and listed on the JSE in South Africa, LIQUIDITY: Mar21 Ave 4m shares p.w., R166.2m(103.1% p.a.)
Imperial seeks out and leverages new technology to deliver in- INDT 40 Week MA IMPERIAL
novative, end-to-end solutions. Through its significant African 11425
footprint and international expertise, and with the support of
9587
its 25 000 people, Imperial’s purpose is connecting Africa and
the world — and improving people’s lives with access to quality 7748
products and services.
5910
SECTOR: Inds—IndsGoods & Services—IndsTransport—TransportSer
CONTROLLED BY: None 4072
MAJOR ORDINARY SHAREHOLDERS as at 26 Mar 2021
Public Investment Corporation Ltd. 11.35% 2016 | 2017 | 2018 | 2019 | 2020 | 2233
M&G Investments (London) 10.43% Recent Announcements
PSG Asset Management 9.51%
Imperial interim results December 2020 - Tuesday, 23 February
FINANCIAL STATISTICS
(R million) Dec 20 Jun 20 Jun 19 Jun 18 Jun 17 2021: Revenue for the interim period went up 15% to R26.4
Interim Final Final(rst) Final(rst) Final(rst) billion (2019: R23 billion) whilst operating profit decreased by
Turnover 26 360 46 380 44 039 48 565 115 889 18% to R1.2 billion (2019: R1.5 billion). Net profit attributable
Op Inc 1 201 1 459 2 413 2 868 6 049 to owners from continuing operations fell to R232 million
NetIntPd(Rcvd) 395 762 605 569 1 680 (2019: R590 million). In addition, headline earnings per share
Tax 158 159 386 620 901 from continuing operations was lower at 180 cents per share
Minority Int 67 77 142 135 - 36 (2019: 315 cents per share).
Att Inc 814 - 303 3 438 3 273 2 601
TotCompIncLoss - 210 683 3 887 4 063 2 160 Dividend
Hline Erngs-CO* 336 295 870 1 139 2 700 For the six months ended 31 December 2020 notice is hereby
Fixed Ass 3 004 3 326 2 647 3 042 10 371 given that a gross interim ordinary dividend in the amount of
Right of use Ass 4 576 5 422 4 780 5 335 - 83.00 cents per ordinary share has been declared by the board of
Inv in Assoc 259 198 520 752 1 002 Imperial, payable to the holders of the 202 074 388 ordinary
Inv & Loans 458 271 225 258 805 shares. The dividend will be paid out of income reserves.
Def Tax Asset 1 468 1 510 1 227 940 1 509 Company prospects
Tot Curr Ass 13 103 19 529 14 633 51 720 36 114 Manyofour markets continuetofaceincreasinguncertaintyand
Ord SH Int 7 090 7 320 7 774 22 321 20 742
Minority Int 1 000 1 218 913 886 667 volatility, being in various levels of lockdown and restrictions.
LT Liab 15 250 21 270 16 539 17 428 26 464 However, as some of these restrictions are easing and
Tot Curr Liab 9 376 12 984 11 361 35 331 21 687 COVID-19 vaccines are in the process of being rolled out,
PER SHARE STATISTICS (cents per share) volumes and operating activities are improving — but the
EPS (ZARc) 437.00 - 161.00 1 773.00 1 681.00 1 339.00 business is notyet at pre-COVID-19 levels. It remains to be seen
HEPS-C (ZARc)* 180.00 156.00 448.00 585.00 379.00 how the second wave of COVID-19 will fully impact the
DPS (ZARc) 83.00 167.00 244.00 650.00 795.00 business. Forecasts indicate that most economies in the key
NAV PS (ZARc) 3 718.00 3 783.00 3 960.00 11 464.00 10 550.00 African markets in which we operate contracted in 2020, with
3 Yr Beta 1.47 1.62 0.89 1.25 1.06 low to modest growth expected in 2021. We therefore expect
Price High 4 387 6 300 8 764 11 671 7 724 volatile trading conditions across the markets in which we
Price Low 3 247 2 299 5 143 6 374 5 482
Price Prd End 3 723 3 933 5 143 7 914 6 504 operate until some level of normalisation is reached around the
RATIOS COVID-19 pandemic.
Ret on SH Fnd 22.38 - 2.73 10.40 14.76 12.39 At this stage, for the 12 months to 30 June 2021, subject to
Ret On Tot Ass 6.22 2.03 6.29 8.25 7.54 stable currencies, steady recovery in volumes and revenue on
Oper Pft Mgn 4.56 3.15 5.48 5.91 5.22 the back of easing COVID-19 restrictions, as well as a recovery
D:E 1.94 2.57 2.03 0.49 1.28 from current levels in markets in which we operate, we expect
Int Cover 2.14 1.33 1.40 4.06 2.84 Imperial’s continuing operations to deliver:
Current Ratio 1.40 1.50 1.29 1.46 1.67 Double-digit revenue growth compared to F2020.
Div Cover 5.27 - 0.96 7.27 2.37 0.83
* Continuing operations Double-digit operating profit growth compared to F2020.
NUMBER OF EMPLOYEES: 25 082 Double-digit growth in continuing HEPS compared to F2020.
DIRECTORS: Adesola H (ind ne, Nig), Anammah J (ind ne, Nig), Double-digit growth in core EPS compared to F2020.
Langeni P (Chair, ne), SparksRJA(ind ne), Cooper P (ind ne), Strong free cash flow generation - free cash conversion expected
DempsterGW(ld ind ne), RadebeNB(ind ne), Reich D (ind ne), to be between 70% and 75%.
Akoojee M (CEO), de Beer J G (CFO)
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