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SHORT FORM ANNOUNCEMENT
Audited results for the year ended 31 March 2022 www.omnia.co.za
Optimised supply chain and integrated Disciplined cash management in a rising
Disciplined strategy execution Prudent capital management resulted in
manufacturing facilities improved reliability commodity price cycle underpinned strong
enhanced operating performance value creation for stakeholders
and throughput financial position
“These results reflect the ongoing disciplined execution of our strategy in an increasingly complex and uncertain trading environment. Our teams performed well and focused on customer needs whilst leveraging the strength of our integrated supply chain and
manufacturing capabilities. This allowed us to capture increased sales volumes while prudent cash management further supported our strong financial position at year end. Our people remain focused on the purposeful impact we make in the markets in which we operate.
We will continue to grow our business organically and inorganically in green technologies and expand in selected geographies aligned to Omnia’s purpose and enhance the impact on a greener world, underpinned by a culture of safety.” Seelan Gobalsamy (CEO)
FINANCIAL HIGHLIGHTS (from continuing operations)
Revenue Operating profit excl Zim Headline earnings per share Earnings per share
Ordinary dividend declared Special dividend declared
(R million)
30% (R million)
123% (cents)
86% (cents)
79%
000 25 000
275 cents per ordinary share 525 cents per ordinary share
21 437 1 726 672
(FY2021: 200 cents per ordinary share) (FY2021: 400 cents per ordinary share)
653
000 20 000
16 436
000
774
361
15 000
364 Operating profit increased by 40% Operating margin excl Zim increased by 67%
10 000
8.2%
000
R1 597 million
000 5 000
(FY2021: R1 138 million) (FY2021: 4.9%)
0 0
FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022
Cash position increased by 31% Net asset value* increased by 3%
ESG HIGHLIGHTS
We are saddened by the tragic events of two work-related fatalities. We express our deepest condolences to the families and loved ones. Safety R2 404 million R10 018 million
remains a key priority. Our intent is to move towards a green and sustainable portfolio of products, technologies and services, with progress made (FY2021: R1 833 million) (FY2021: R9 739 million)
across key ESG metrics. Omnia was awarded Best Sustainable Diversified Chemicals Group in Africa by Capital Finance International.
* S
ubstantial reduction in intangible assets following
disposal of discontinued ops.
Energy use efficiency Water use efficiency Recordable case rate B-BBEE rating
(gigajoules per tonne manufactured) (kilolitres per tonne manufactured) (Level)
GHG emissions
increased due to inefficient conversion in the EnviNOxTM
0.35 2 2 Fatalities emissions abatement system, which was subsequently
0.31 0.53 employees and contractors repaired
0.29 0.48
2 336 908 tonnes CO2e
0.21 (FY2021: Zero) (FY2021: 261 500 tonnes)
Water recycled or reused Discharged effluent volumes
66 megalitres 175 megalitres
FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 (FY2021: 51 megalitres) (FY2021: 311 megalitres)
SEGMENTAL HIGHLIGHTS (from continuing operations)
Omnia operates in primary sectors and is well positioned to remain resilient in a volatile macro-economic environment. The key driver of this performance has been our unrelenting focus on the successful execution of our strategy. This was also aided by disciplined
working capital management during a rising commodity price cycle. The Group generated a net profit after tax of R1 093 million for the year ended 31 March 2022 (FY2021: R607 million).
Revenue 41% Operating profit 17% Revenue 29% Operating profit 79% Revenue 2% Operating profit 41%
R11 799 million R1 090 million R6 667 million R514 million R2 971 million R142 million
Agriculture Mining Chemicals
The Agriculture segment’s net revenue increased as a result of favourable planting conditions, a good The Mining segment’s net revenue increased due to an increase in sales volumes in South Africa, Zambia The Chemical segment’s net revenue and operating profit increased for the year. The repositioning of the
crop harvest, an increase in sales volumes and an increase in commodity prices. Operating profit and the rest of Africa and an increase in the ammonia price. Operating profit for the year increased Chemicals business focused on key strategic sectors and on providing an outstanding level of service to our
increased due to an agile supply chain and efficiencies in our integrated manufacturing facilities which following a renewed focus on operational efficiencies, market expansion in the surface and underground customers. An improved specialty-functional chemical product mix across the business generated higher
supported the performance during the year. sector (specifically in gold, copper and platinum), and the realisation of large customer contracts. margins.
The Omnia Nutriology ® value proposition, which drives high engagement and resonates with our In the rest of SADC, sustainable localised business partnership models were implemented. The overall The Personal Care and Manufacturing sectors were the hardest hit by the impact of COVID-19, while in
customers, as we support them with information and technologies that are critical in data-based decision performance was offset by competition and lower mining production as a result of inclement weather contrast, demand was robust in the Hygiene and Health Care, Food and Pharma, Agri Science and the
making to reduce on-farm risk and enhance optimisation of scarce natural resources. conditions. Building and Construction sectors. The Watercare sector also improved strongly by virtue of resilient demand
from the municipal water sector and expansion into export markets.
The overall SADC region benefited from a focused market approach with a broader offering. The increase Although we have secured a three-year contract extension with our largest customer in West Africa, the
in operating costs as well as the impact of losses on a fixed-price contract in Zambia impacted margins socio-political challenges remain volatile. We have successfully trialled our technology and explosives Cost containment improved operational efficiencies in the second half of the financial year, which contributed
negatively. The Zimbabwean results are subject to hyperinflationary earnings volatility. systems in the underground market in Canada. In addition, transitioning for a major surface contract has to a stronger performance. Protea Chemicals continues to work with partners to develop the hydrogen fuel
commenced with operations starting in the new financial year. cell market in the region and to produce HydroPlus® for this purpose.
In Australia, local demand has been stable. Brazil had a successful year and generated strong revenue
and margin growth through sales into new territories. Despite reduced availability of transport and We continue to grow the business based on technologies that support our customers’ sustainability and Disposal of Umongo Petroleum
shipping, we met customer needs globally. ESG targets, including through our world-class, accurate and safe AXXISTM electronic detonator system. The disposal of Umongo Petroleum has been treated as a discontinued operation in terms of IFRS 5 requiring
certain changes to be made to the comparative statement of comprehensive income. The profit for the year
We realised growth through our technological, biological and agricultural solutions, including expanding Strong growth in the battery metals and PGM markets’ reinforced the demand for specialist metallurgical from discontinued operations was R260 million, and Umongo Petroleum realised a profit after tax in FY2022
our humates and biostimulant footprint, as well as developing new distribution channels and international chemicals and services provided by Protea Mining Chemicals and underpinned the business’ improved of R1 million (FY2021: R51 million).
strategic partnerships. performance for the year. Increased sales of high-performance products and solutions in export markets,
despite a challenging supply chain environment, highlighted the business’ strong supply chain capability.
Restatements for the years ended 31 March 2021 and 31 March 2020
On adoption of IFRS 16, certain leases were recognised that did not meet the recognition criteria of IFRS 16. In addition, another lease was recognised over the incorrect lease term. Provisions have, in the past, been included in trade and other payables in the consolidated statement of financial position and not set
out on a separate line. The comparative disclosures as at 31 March 2021 and 31 March 2020 have been restated for these matters. There was no material impact on the consolidated profit before or after tax, total earnings per share (basic and diluted), total headline earnings per share (basic and diluted), net asset
value of the Group or net asset value per share.
SHORT FORM ANNOUNCEMENT – This announcement is a summarised version of the full announcement in respect of the audited financial results for the year ended 31 March 2022 of Omnia Holdings Limited and its subsidiaries and, as such, it does not contain full or complete details pertaining to the Group’s financial
statements. The results have been audited by the company’s external auditor, Deloitte & Touche who expressed an unmodified opinion on the summarised and consolidated financial statements. Shareholders are advised that, in order to obtain a full understanding of the nature of the auditor’s engagement and more specifically
the nature of the information that has been audited, they should obtain a copy of the auditor’s report (available through the following link: https://www.omnia.co.za/downloads/send/90-2022/340-yearend-march2022-short-form The auditor’s report sets out a key audit matter, being accounting for uncertain tax positions,
and the basis for the unmodified opinion together with the accompanying audited Group consolidated annual financial statements (https://www.omnia.co.za/downloads/send/90-2022/341-omnia-holdings-afs-31march2022). Both documents are available for inspection at the company’s registered office, 2nd Floor,
Omnia House, Epsom Downs Office Park, 13 Sloane Street, Epsom Downs, Bryanston, and the offices of Omnia’s sponsor, Java Capital Trustees and Sponsors Proprietary Limited, 6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196, from 09:00 to 16:00 weekdays at no charge. Any investment decisions should be made based on
the full announcement. This announcement is itself not audited, but is extracted from audited results. The full announcement is available through the following link: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/OMN/FY22.pdf and can also be found on the Group’s website www.omnia.co.za or requested from Investor
Relations at omniaIR@omnia.co.za. This condensed announcement is the responsibility of the board of directors of Omnia (the board) and has been approved.
Omnia Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1967/003680/06 JSE code: OMN LEI NUMBER: 529900T6L5CEOP1PNP91 ISIN: ZAE000005153 (Omnia or the Group)
Executive directors: T Gobalsamy (chief executive officer), S Serfontein (finance director) Non-executive directors: R Havenstein (chair), Prof N Binedell, R Bowen (British), G Cavaleros, T Eboka, S Mncwango, T Mokgosi-Mwantembe, W Plaizier (Dutch), Z Swanepoel, R van Dijk (appointed 1 May 2022)
Company secretary: M Nana JSE sponsor: Java Capital
20 June 2022
