Delivering on our core purpose is underpinned by five strategic objectives

 

STRATEGIC OBJECTIVES

1 Generating sustained financial returns by anticipating market trends

  • Identifying opportunities for acquisitive and organic growth
  • Achieving growth in headline earnings
  • Delivering superior returns to shareholders

2 Driving transformation and localisation

  • Leader in terms of our transformation and localisation credentials
  • Achieving an independently verified B-BBEE level 2 rating in South Africa

3 Optimising our operations

  • Driving effectiveness and efficiency in our fleet and shore-based assets
  • Actively evaluating and mitigating risk, and maintaining effective governance systems
  • Attracting, developing and retaining the best available talent

4 Leading stewardship of marine resources

  • Harvesting our marine resource allocations responsibly
  • Partnering with stakeholders to promote responsible fisheries management
  • Monitoring, managing and mitigating the group’s impact on the environment

5 Building trusted relationships

  • Encouraging pro-active engagement with key stakeholders
  • Adhering to strict food safety standards
  • Delivering value for local communities

DELIVERING ON OUR STRATEGY – OUR 2016 PERFORMANCE

1 Generating sustained financial returns by anticipating market trends

  • Revenue: R8 244,0 million (2015: R6 169,8 million)
  • Operating profit before other operating items: R1 629,5 million (2015: R1 007,3 million)
  • EBITDA: R1 990,1 million (2015: R1 202,8 million)
  • Return on capital employed 19.8% (2015: 12.5%)
  • Basic HEPS: 703,4 cents (2015: 588,2 cents) and diluted HEPS: 640,5 cents (2015: 532,2 cents)
  • Dividend per share: 469 cents (2015: 365 cents)
  • 5 year HEPS CAGR: 11.5%
  • 5 year DPS CAGR 11.7%

2 Driving transformation and localisation

  • Rated South Africa’s most empowered listed company in 2014 and 2015 and second most-empowered listed company in 2016
  • Achieved level 1 B-BBEE status at the end of the 2016 financial year
  • Black representation at executive management level: 56% (2015: 44%)
  • Number of employees: 5 690
  • 93.8% black employees
  • Namibian employees in Oceana’s Namibian operations: 97.7% (2015: 96.2%)
  • 95.8% of South African preferential procurement spent with B-BBEE suppliers (2015: 89.9%)
  • Investment in skills development of black employees: R29,6 million (2015: R16,7 million)

3 Optimising our operations

  • 0.8 Disabling Injuries Frequency Rate
  • Improvement in landings of South African industrial fish by 19%, gulf menhaden by 5%
  • 520,000 tons of fish landed (2015: 361,000 tons)
  • 279,000 tons of fish and fish products produced (2015: 202,000 tons)
  • 12% increase in CCS occupancy
  • Commissioned Angolan fishmeal plant
  • Catch rates improved in hake, horse mackerel (South Africa), gulf menhaden (US) and industrial fish (South Africa)

4 Leading stewardship of marine resources

  • Targeted SA commercial fishing rights on SASSI green list: 85% (2015: 99.5%)
  • Hake operations retained MSC chain of custody certification
  • IFFO RS accreditation retained for Lucky Star’s St Helena Bay, Laaiplek, Hout Bay and Daybrook’s Empire, Louisiana fishmeal plants
  • 15% energy usage intensity reduction at land-based facilities
  • 1.06kl water consumption per ton of product output

5 Building trusted relationships

  • Zero days lost to industrial action at our operations
  • CSI investment in South African fishing communities: R6,6 million (2015: R4,9 million)
  • CSI investment in Namibian communities: N$4,3 million (2015: N$8,4 million)
  • Lucky Star brand rated fifth in the Sunday Times TNS Top Brands survey in South Africa
  • Second place in EY’s Excellence in Integrated Reporting Awards 2016