Go Beyond is something we strive for at CIEL, it means to exceed, to deliver more than
is expected of you.
To us, ‘Go Beyond’ is part of our DNA, it indicates even more. It suggests we must look to the future, to make sure
everything we do today benefits the generations of tomorrow. It requires careful and continual consideration across
a range of key areas to take care of business as well as taking extra special care of the future. This report endeavours
to show you, our stakeholder, how we do this.
Go Beyond is something we strive for at CIEL, it means to exceed, to deliver more than
is expected of you.
To us, ‘Go Beyond’ is part of our DNA, it indicates even more. It suggests we must look to the future, to make sure
everything we do today benefits the generations of tomorrow. It requires careful and continual consideration across
a range of key areas to take care of business as well as taking extra special care of the future. This report endeavours
to show you, our stakeholder, how we do this.
Dear Shareholder,
As we celebrate our 110th anniversary, I am delighted to say this year’s results certainly show our strength, resilience and capacity to reinvent ourselves. The financial year 2022 has seen strong growth for CIEL in terms of turnover and profit.
The last two years of pandemic-related issues coupled with the global economic challenges brought about by the Russia/Ukraine conflict have been very challenging to say the least. Despite these extreme conditions, we have managed to get back on our feet, proved our strength and are fully back in operation.
The Group faced these macroeconomic headwinds with a solid focus on delivering at every step of our operations. This would not have been possible without the relentless efforts of our teams working hard and living up to our Group’s values. Thanks to the excellent teams in place, we have been able to transform challenges into opportunities and they should all be warmly congratulated.
“We have the fighting spirit and are on the right path to a prosperous future.”
What do you feel have been the highlights of the past year across the various
CIEL clusters?
This year has had a plethora of events that have been very important for the Group. But of course, the key standout must be the reopening of Mauritius to tourism, and the strong public private collaboration that made it happen.
We have also consolidated our way out of the pandemic and have a solid position in each of our clusters. We are well positioned, geographically and through the sectors in which we operate. Our presence in both Africa and India, is a key strength, our continued expansion in these parts of the world is putting us in great shape for the future.
As at 30 June 2022
Group Consolidated Revenue
MUR 17.9 bn - 30 June 2021
EBITDA
MUR 2.4 bn - 30 June 2021
Group Profit after Tax
MUR 446M - 30 June 2021
Profit Attributable to Owners of the Parent
MUR 617M - 30 June 2021
Company NAV per Share
MUR 9.28 - 30 June 2021
Total Assets
MUR 84.1 bn - 30 June 2021
EBITDA Margin
2021: 13.5%
Earnings per Share
2021: MUR 0.37
ROCE
2021: 5.6%
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 at 30 June 2022.
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
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.