Home2 - Ciel Annual Report 2022

A Letter from
Our Chairman,

P. Arnaud Dalais

Dear Shareholder,

We focussed on what was within our control and continued to deliver operational excellence along with prudent and decisive cost management.

The past eighteen months have been challenging. However, we have all been given a great opportunity to relook and rethink how we operate and prepare our Group for the future.

As mentioned last year in our report, our immediate response to the pandemic was to ensure that our people were safe, cared for and equipped. Considerable focus was given to our portfolio and how to optimise operations to respond correctly to the headwinds experienced and brought about by COVID-19, not to mention the already changing trends experienced pre-COVID.

AN INTERVIEW
WITH OUR CEO,

Jean-pierre Dalais

Dear Shareholder,

We focussed on what was within our control and continued to deliver operational excellence along with prudent and decisive cost management.

The past eighteen months have been challenging. However, we have all been given a great opportunity to relook and rethink how we operate and prepare our Group for the future.

CIEL AT A GLANCE

Key Figures

As at 30 June 2021

MUR 17.9 BN

Group Consolidated Revenue
MUR 21.0bn - 30 June 2020²
MUR 2.7 BN

EBITDA
MUR 3.0bn - 30 June 2020²
MUR 446 BN

Group Profit after Tax
(MUR 2.2bn) - 30 June 2020²
MUR 617 BN

Profit Attributable to Owners of the Parent
(MUR 1.7bn) - 30 June 2020²
MUR 8.85 BN

Group NAV per Share
MUR 6.69 - 30 June 2020²
MUR 84 BN

Total Assets
MUR 77bn - 30 June 2020
EBITDA Margin

2022: XX.X%
2021: 15.1%
PAT Margin

2022: X.X%
2021: 2.5%
ROCE:

2022: X.X%
2021: 3.8%

Annual Financial Statements

Group Performance

HOW WE DRIVE PERFORMANCE

Insight from our Finance Director

The financial year ended 30 June 2022 resulted in a remarkable financial performance across all our sectors of activities. The much-awaited rebound of our group activities post the pandemic led to a record year, both in terms of profit after tax and profit attributable reaching MUR 2.2 bn and MUR 1.3 bn, respectively. Earnings per Share reached MUR 0.77 which implies a current price to earnings ratio of 8.7.

How we create
value for Stakeholders

CIEL knows that creating value cannot be limited to merely maximising today’s share price. Value creation starts with enabling genuine progress and instilling excellence throughout the organisation. Our value proposition is deeply rooted in the talent of our People and our wellbalanced geographic footprint and diversified portfolio.

OUR INVESTMENT APPROACH

OUR STRATEGY

OUR BUSINESS MODEL

OUR INVESTMENT APPROACH

Describes what we do.

We build sustainable businesses around our purpose: For A World We Can All Feel Proud Of.

Our key contribution is to invest in businesses that benefit from our capital and expertise. By succeeding in this, we will create long-term value for our clients, employees, partners, shareholders and society.

Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies
Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies
Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies
Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies
Resources going into business model (inputs)
- Capital allocation
- Expertise
- Diverse talent
- Innovation
- ESG strategies