Res esults lts pr presentat ation For the year ended 31 May - - PowerPoint PPT Presentation

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Res esults lts pr presentat ation For the year ended 31 May - - PowerPoint PPT Presentation

Dec 19, 2023 143 likes •691 views

Res esults lts pr presentat ation For the year ended 31 May 2016 25 - 26 August 2016 1 Presentation overview Highlights of the year Group overview Activities during the year Financial performance Segmental breakdown

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25 - 26 August 2016 For the year ended 31 May 2016

Res esults lts pr presentat ation

1

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Presentation

  • verview
  • Highlights of the year
  • Group overview
  • Activities during the year
  • Financial performance
  • Segmental breakdown
  • Prospects

2

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Overview of the year

3

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Group Overview - continuing operations

  • Diversified revenue

stream

  • Vehicle market contracted

for 3rd consecutive year

  • New acquisitions

integrated

  • OneLogix Logistics Hub

Phase 2

  • BEE level 3
  • All staff shareholders in

Group

  • Accounting charges

related to share participation schemes

  • Increased skills upliftment

costs

Impacts

Revenue

Up 30% to R1,78 billion

4

Trading profit

Up 21% to R151.0 million

Core HEPS

Up 5% to 34.6 cps Up 8% to 34.1 cps

Diluted Core HEPS Cash generated from operations by Continuing Operations

Up 33% to R173.2 million Up 10% to 286.6 cps

NAV

Up 7% to 221.6 cps

NTAV

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Group overview

5

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Group overview

Moving f g forward t d toget ether er

Spe peci cialist st log logistics cs se servi vice provide ider

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7

Segmentation

All acquisitions successfully integrated | Synergies realised Management interest aligned with that of shareholders Other – Logistics Services

  • Atlas 360

71.3%

  • OneLogix Cargo Solutions 69.5%
  • QSA

85%

  • DriveRisk

49%

  • (associate)
  • VDS

100%

  • CVDS

100%

  • OneLogix Projex

86,9% *

Abnormal Logistics

* After amalgamation with Madison

Primary Product Logistics

  • OneLogix United Bulk *100%
  • OneLogix Linehaul

75%

  • Jacksons

74%

  • Buffelshoek

74% * Includes 100% of Vision Transport and 74,2% of Cryogas

  • VDS

100%

  • CVDS

100%

  • OneLogix Projex *86,9%
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  • Well established niche logistics provider
  • Footprint across South Africa and neighbouring countries
  • Strong market position
  • Customer service focused / good staff relations
  • Cash generative
  • Company structure (empowering, entrepreneurial)
  • Structured to assimilate acquisitions
  • Management capabilities
  • Management shareholding

8

The OneLogix Way

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Activities for the year

9

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  • All acquisitions successfully bedded down and contributing to overall business

10

Acquisitions

Cryogas

  • Housed within United Bulk
  • Purchase consideration R5.5m (74,2%)

Vision Transport

  • Housed within United Bulk
  • Purchase consideration R110m (100%)
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Completion of R90m Phase 2 development of OneLogix Logistics Hub

11

Infrastructural improvements

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Financial performance

12

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13

Income statement

R’m May 2016 May 2015 Change (%)

Revenue 1 778,6 1 368,0 30 Trading profit 151,0 125,1 21 Trading profit margin (%) 8,5 9,1 Profit before taxation 94,7 28,8 Profit for the year from continuing operations 75,9 2,1 Profit for the year from discontinued operations 146,0 Total comprehensive income for the year 75,9 148,1

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Income statement - continuing operations

Revenue(Rm) Trading profit (Rm) and trading margin (%)

835.4 1010.1 1272.1 1368.0 1778.6

2012 2013 2014 2015 2016

73.6 80.5 109.0 125.1 151.0 8.8 8.0 8.6 9.1 8.5 0.7 1.7 2.7 3.7 4.7 5.7 6.7 7.7 8.7 9.7 20 40 60 80 100 120 140 160 2012 2013 2014 2015 2016

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15

HEPS and Core HEPS - continuing operations

HEPS and Core HEPS (cents)

25.1 31.2

  • 1.7

25.7 25.6 33.3 33.9 34.6 HEPS Core HEPS

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16

Operating cash flow generated by continuing

  • perations

Cash generated from Operations by Continuing Operations Trading Profit 69.6 106.7 84.0 119.1 129.8 173.2 60.2 73.6 80.5 109.0 125.1 151.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 2011 2012 2013 2014 2015 2016

Rm Cashflow Tradingprofit

Focus to convert trading into cash and discipline on working capital cycles

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Segmental contribution

904.0 352.2 111.8 1 368.0 881.8 767.0 129.8 1778.6 ABNORMAL LOGISTICS PRIMARY PRODUCT LOGISTICS OTHER LOGISTICS SERVICES TOTAL 2015 2016

Revenue

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18

Vehicle and trailer summary

Company Number of vehicles Number of trailers Average vehicle age

Vehicle Delivery Services 265 267 5 CVDS 3 3 1 United Bulk 236 320 4.5 Onelogix Linehaul 51 51 2.5 Onelogix Projex 89 123 5 Jackson Transport 81 127 5 Buffelshoek Transport 41 87 5 Total 766 978

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Cash utilisation

  • No dividend declared
  • Cash preservation
  • Future growth opportunities
  • Investment in fleet, properties

and acquisitions increased magnitude of operations

Fleet R207,7m

  • Replacement

R71,1m

  • Expansion

R136,6m Property Development R103,8m

  • Umlaas Road Phase 2

R90,0m

  • Other

R13,8m IT R5,3m Other R4,0m Total R320,8m

Capex

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20

Statement of financial position

R’m May 2016 May 2015 Change (%)

Non-current assets 1 346,1 1 035,8 30 Current assets 385,0 413,1 (7) Total assets 1 731,1 1 448,9 19 Equity 758,6 688,4 10 Liabilities Non-current liabilities 589,8 419,5 41 Current liabilities 382,7 341,0 12 Total equity and liabilities 1 731,1 1 448,9 19 NAV per share (cents) 286,6 261,6 10 NTAV per share (cents) 221,6 207,9 7

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21

Ratios

R’m May 2016 May 2015

Return on invested capital (trading profit and associate) (%) 11,2 12,1 Core headline return on equity (%) 12,7 15,5 Gearing ratio (excl cash) (%) 45,4 40,1 Interest cover (times: on trading profit basis) 3,1 5,3

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Segmental breakdown

22

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23

Segmental breakdown

Revenue - 2015

66% 26% 8% Abnormal Logistics Primary Product Logistics Logistics Services

Revenue - 2016

50% 43% 7% Abnormal Logistics Primary Product Logistics Logistics Services

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24

Segmental breakdown

Trading profit - 2015 Trading profit - 2016

  • 1%

Abnormal Logistics Primary Product Logistics Logistics Services 48% 53% 70% 26% 4% Abnormal Logistics Primary Product Logistics Logistics Services

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25

Strategic positioning

Supply chain design and

  • ptimisation

Strategic

OneLogix strives to strategically interact through the entire supply chain

1

VDS CVDS Projex Linehaul UBulk Cargo Solutions Jackson Buffels- hoek

Logistics supply chain Operating profit margin

Advanced planning & scheduling

Tactical

2

Execution

Operational

3 Opportunity

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  • Outsourced agent
  • Transport Service
  • Price taker

2PL

  • Manufacturer
  • Own fleet
  • Deliveries

1PL

  • Indispensable to client
  • Compatible IT
  • Cost effective
  • Operational efficiency
  • Specialisation

3PL

  • Independent

company

  • Outsourced
  • Multi-service
  • Logistics

services

  • Execute full

supply chain services for customers 4PL

The logistics market

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27

OneLogix growth

Products

Market penetration Market development Product development Diversification

Existing New Existing New

Markets

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Abnormal Logistics

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Abnormal Logistics

Constituents:

  • Vehicle Delivery Services
  • Commercial Vehicle Delivery Services
  • OneLogix Projex

Revenue Trading Profit *

89.1 79.7 9.9% 9.0% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0% 10.0 30.0 50.0 70.0 90.0 110.0 2015 2016 % R’m 904.0 881.8 800.0 840.0 880.0 920.0 2015 2016 R’m

* After allocation of pro-rata corporate costs (excluding specific learnership cost of R16.2 million)

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VDS

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VDS - customers

31

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VDS - storage

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CVDS

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CVDS - customers

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35

OneLogix Projex

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36

OneLogix Projex - customers

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Primary Product Logistics

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Primary Product Logistics

Constituents:

  • OneLogix United Bulk
  • OneLogix Linehaul
  • Jackson
  • Buffelshoek

Revenue Trading Profit *

352.2 767 150 250 350 450 550 650 750 850 2015 2016 R’m 18.2 91.8 7.4% 12.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 15 35 55 75 95 115 2015 2016 % R’m

* After allocation of pro-rata corporate costs (excluding specific learnership cost of R16.2 million)

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United Bulk

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OneLogix Linehaul

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Jackson

Jackson

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Buffelshoek

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Other Logistics Services

43

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Logistics Services

Constituents:

  • Atlas 360
  • Cargo Solutions
  • QSA
  • DriveRisk (equity accounted –

no contribution to group revenue or trading profit)

Revenue Trading Profit *

111.8 129.8 100.0 120.0 140.0 2015 2016 R’m 4.1

  • 4.2
  • 6
  • 4
  • 2

2 4 6 R’m Margin 5,9% Margin N/A 2015 2016

* After allocation of pro-rata corporate costs (excluding specific learnership cost of R16.2 million)

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Atlas 360

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Atlas 360 - customers

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Cargo Solutions

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Cargo Solutions - customers

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DriveRisk

49

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DriveRisk QSA

50

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Prospects

51

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  • Drive for even greater efficiencies
  • Focus on regional growth (opportunity for all group companies)
  • Continue to and evaluate start-up opportunities and investigate

acquisitions

  • Appropriate smaller entrepreneurial businesses

52

Prospects

  • Risks
  • Rail
  • Margin squeeze
  • Complacency
  • Dependency on vehicle market
  • Labour relations
  • Normal operational risks
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Than ank k yo you

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For any further Investor Relations assistance please contact: Ian Lourens (CEO) 011-920-9150 | ianl@onelogix.com

  • r

Vanessa Rech (Keyter Rech Investor Solutions) 087-351-3814 | vrech@kris.co.za