Financial Performance – Read our IR 2018
Financial Performance – Read our IR 2018
Value to shareholders
Afrox’s share price increased by 74.6% over the three years. EBITDA margins for the same period show a similar improvement,
up 48.6% to 20.8% in 2017 (2016: 22.3%). During the same period ROCE increased by 41.9% to 23.7% in 2017.
Total revenue contribution by segment (%)
Value to shareholders
Afrox’s share price increased by 74.6% over the three years. EBITDA margins for the same period show a similar improvement, up 48.6% to 20.8% in 2017 (2016: 22.3%). During the same period ROCE increased by 41.9% to 23.7% in 2017.
Total revenue contribution by segment (%)
2009 to 2018 average dividend paid: 56.6 cents/share
Afrox declared a final gross cash dividend of 25 cents, resulting in a net dividend of 20 cents per share (2017: 43.2 cents) to those shareholders not exempt from dividends tax. The total dividend of 77 cents for 2018 (25 cents for the second half of 2018) is supported by continued solid profits, strong cashflow, and a high level of investment.
Investment case
- Stable and efficient operating model enabling our business strategy
- Strongest footprint among gas companies in Africa, especially Southern African Development Countries
- Part of global leader in industrial gases – exposure to technology and best practice
- Secured LPG supply chain covering last mile to the customer
- Well-adjusted cost base and ability to recover cost inflation via a combined product offering
- Diverse, less cyclical portfolio, realising pockets of growth despite tough economic conditions
- Strong balance sheet, cash-generative business and positive net debt
- Attractive dividend policy
- Geared for growth with a low-cost and consolidated asset base that delivers economies of scale
2009 to 2018 average dividend paid: 56.6 cents/share
Afrox declared a final gross cash dividend of 25 cents, resulting in a net dividend of 20 cents per share (2017: 43.2 cents) to those shareholders not exempt from dividends tax. The total dividend of 77 cents for 2018 (25 cents for the second half of 2018) is supported by continued solid profits, strong cashflow, and a high level of investment.
Investment case
- Stable and efficient operating model enabling our business strategy
- Strongest footprint among gas companies in Africa, especially Southern African Development Countries
- Part of global leader in industrial gases – exposure to technology and best practice
- Secured LPG supply chain covering last mile to the customer
- Well-adjusted cost base and ability to recover cost inflation via a combined product offering
- Diverse, less cyclical portfolio, realising pockets of growth despite tough economic conditions
- Strong balance sheet, cash-generative business and positive net debt
- Attractive dividend policy
- Geared for growth with a low-cost and consolidated asset base that delivers economies of scale