2016 AGM Presentation

 

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2016 AGM Presentation

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2016 AGM Presentation 28th April 2016 1

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2015 Key Challenges 1. Factory experienced significant interruptions during copper plant refurbishment. 2. Aluminium business was affected by reduced sales to the export market due to political environment in Tanzania and the conflicts in Burundi and South Sudan 3. Foreign exchange losses Kshs 312m due to depreciation. 4. LME price declined. 5. Provision for overdue debt (Kshs 329m) • EACKe (Kshs 192m) • EACTz (Kshs 137m) Revenues - Kshs Millions 6,000 5,000 4,000 3,000 2,000 1,163 1,000 0 2007 2008 2009 1,859 763 3,929 3,462 2,812 Revenue 4,972 4,301 3,604 5,098 4,503 3,724 608 988 1,041 1,344 1,326 630 2010 Group 2011 Subsidiary 2012 2013 2014 2015 2

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Earnings & Dividends 2.00 1.50 1.00 0.50 (0.50) (1.00) (1.50) (2.00) (2.50) 1.48 0.90 1.55 1.00 1.74 1.22 1.00 0.89 1.00 1.15 0.80 1.00 1.37 1.00 1.16 1.00 - 2007 2008 2009 2010 2011 2012 2013 2014 2015 (2.21) Year Earnings Per Share Dividends Per Share 3

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2015 Milestones Refurbished Kitui Rd Factory • Successfully completed the refurbishment of the Kitui rd copper plant and an administration block. Before After Old Administration block New Administration block 4

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2015 Milestones Before After After Old Factory Refurbished Factory spacious, new equipment installed 5

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2015 Milestones • Growth in Installed capacity Installed capacity Vs Volumes 800 700 600 500 400 300 320 250 190 250 190 250 221 201 320 214 750 200% Growth 400 265 600 213 200 100 - 2009 2010 2011 2012 2013 2014 2015 2016 Sales Volumes -Average MT/month Installed Capacity - Average MT/Month • Tripled capacity in 7 years 6

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2015 Milestones • Growth in Asset base 6 5 4 3 2 1 0 Kshs Billions 5 Fold Growth 2.7 1.8 1.0 0.48 1.1 0.48 5.4 4.0 3.2 2.6 0.15 3.2 0.84 0.54 2009 0.40 0.17 0.37 0.75 2014 2007 2008 2010 2011 2012 Long term debt 2013 2015 Non- current assets • Asset base has grown from Kshs 1 Billion to Kshs 5.4 Billion in 9 years 7

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Macro-Economic Outlook 8

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Macro economic outlook – Energy sector Electricity Connections in Kenya 2015 4.0 million connections 2014 2.76 million connections • By 2015 4m Kenyan’s were connected to electricity in Kenya. • A further 2.5m to be connected by 2017, the 70% electrification target set by the Jubilee Government. • Focus for East African Cables will be to leverage on the electrification drive, having the highest capacity in the region. 2015 2 2013 2.33 million connections Transmission Conductors Distribution Cables and Conductors House wiring Cables

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Government Last Mile Connectivity Project Annual Connections 314,000 500,000 1,000,000 1,000,000 1,200,000 Total Consumers 1.5 2.5 3.3 4.8 6.7 Year 2013 2014 2015 2016 2017 % Kenyan H/H 20% 33% 40% 51% 70% 2016 YTD Status • Ksh 2b order received from Kenya Power to supply conductors that will go towards achieving the above targets. • The company continues to prospect for future orders in current year.

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2016 Focus 1. Increased retail market focus  Brand presence  Brand equity protection 2. Targeted projects/contractor market strategy  B 2 B marketing 3. Utility business  Strategic positioning

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Q&A Thank-You 12

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