• Chairman's report

    The Group made significant progress on its key strategic initiatives – amongst others, achieving a balanced portfolio contribution, building the BUCO brand equity in the GBM division, and establishing a consolidated ERP platform.

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    Andile Sangqu – Chairman

  • CEO's report

    Business and consumer confidence levels are gradually improving, and a slightly more facilitative funding approach by financial institutions is an indicator of enhanced activity in our sector.

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    Eugene Beneke – Chief Executive Officer

  • CFO's report

    The statement of financial position remains strong and facilitates the funding of growth initiatives.

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    Chris Booyens –
    Chief Financial Officer

Company profile

Iliad focuses on the sourcing, retailing and redistribution of goods into selected markets.

Listed on the JSE Limited in 1998, the Group is a leading participant in a R194 billion industry sector, servicing a range of customers from large-scale development and construction groups to do-it-yourself homeowners through its 70 stores and approximately 4 150 people nationally.

The Group’s Divisions are headed by experienced entrepreneurs capitalising on common pools of expertise and focused on achieving divisional growth targets.

2014 highlights


  • Increase in HEPS of

    80,8%

    to

    72,3c

    Operating profit
    (excluding portfolio adjustments) up

    0,4%

    to

    R139,0 million

    Year-on-year increase
    in net cash

    R58,3 million

    to

    R97,1 million

  •  

    Year-on-year decrease in
    net fiance charges of

    36,6%

    to

    R9,1 million

    Year-on-year increase in
    distribution to shareholders of

    10,0%

    to

    22,0 cents per share

Overview

Our profile

Listed on the JSE Limited in 1998, the Group is a leading participant in a R194 billion industry sector, servicing a range of customers from large-scale development and construction groups to do-it-yourself homeowners through its 70 stores and approximately 4 150 people nationally.

Group Structure

General Building Materials (GBM) markets a comprehensive range of products, primarily sourced locally, through its Inland and Coastal Sub-divisions, mainly under the BUCO brand.

Specialised Building Materials (SBM) trades in differentiated and value-added products.

Brand portfolio

Investment case

Iliad aims to generate sustainable returns for shareholders over the short, medium and longer term, particularly to those wanting exposure to the South African retail market.

While material issues in the Group are reviewed annually, the investment case focuses on a longer time horizon.

Key financial indicators

  Actual
2014
Actual
2013
EBIT (Rm)  133,0 6,9
EBIT (%)  3,0 0,2
EBITDA (%)  3,9 1,1
Revenue (Rb)  4,4 4,5
Gross margin (%)  27,9 26,7
Net cash (Rm)  97,1 38,8
Material sustainability issues

To ensure the long-term sustainability of the Group, issues which could materially affect our successful continued existence are identified through a formal process and actively managed. In line with the Group’s risk management processes, the following inherent potential risks were identified, based on business and industry dynamics. Mitigating actions were implemented to reduce these risks to acceptable levels.

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Sustainability

Economic sustainability

The Group contributed to the national economy by creating wealth for the benefit of all stakeholders, including shareholders, employees and communities. The statement details the economic value Iliad adds to goods and materials purchased.

Social sustainability

Total CSI spend in 2014 was R694 000, of which BUCO Building Blocks contributed R196 000 worth of building materials to infrastructure projects at four high schools. It is important to recognise that these infrastructure projects created a number of temporary job opportunities in the respective communities, for the duration of the infrastructure development – providing a temporary stream of income for disadvantaged families, but also a transfer of skills and knowledge. Over 2 000 learners benefited directly or indirectly from these projects.

Annual report & downloads 2015

Individual sections or the full report available as PDFs and useful links.

Full integrated annual report

(3.1 mb)