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OMNIA HOLDINGS LIMITED - Voluntary update - credit rating

Release Date: 03/09/2024 09:00
Code(s): OMN     PDF:  
Wrap Text
Voluntary update - credit rating

OMNIA HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1967/003680/06)
JSE code: OMN
LEI: 529900T6L5CEOP1PNP91
ISIN: ZAE000005153
("Omnia" or the "Company")


VOLUNTARY UPDATE - CREDIT RATING


Omnia is pleased to inform stakeholders that Global Credit Rating Company Ltd ("GCR"), an affiliate of Moody's
Investor Services, has affirmed Omnia's long-term issuer rating at A+ (ZA) and its short-term issuer rating at A1 (ZA),
with a Stable Outlook.

The affirmation of the Company's ratings reflects GCR's view of Omnia's strong competitive position, robust cash
generation and resilient earnings profile despite commodity price volatility. The rating is further supported by Omnia's
low debt levels and healthy liquidity, which the group is expected to sustain.

The report also highlights the following elements of Omnia's investment case:

    -   The Company's strong net cash position;
    -   The solid business profile derived from the Company's diversified operations across geographies and end-markets;
    -   Proprietary technologies, a modern asset base, improved control of supply chain and varying degrees of
        integration of manufacturing capabilities across business segments, underpinning its strong competitiveness in
        its core markets in South Africa and the rest of Africa;
    -   Commitment to sustainability and environmental targets; and
    -   The expectation that the Company will continue to enhance its competitive position, resulting in a more resilient
        earnings profile.

Seelan Gobalsamy, Chief Executive Officer of Omnia said: "GCR's credit rating affirmation is reflective of the diligent
execution of our strategy, underpinned by disciplined capital allocation which has delivered international diversification,
growth of our Mining segment and operational agility. We continue to enhance our resilience to economic volatility and
strengthening our market positioning, to ensure we remain responsive to customer needs and the delivery of long-term
stakeholder value."

GCR's full report is available at https://gcrratings.com/announcements/gcr-affirms-omnias-long-term-issuer-rating-of-
aza-on-maintenance-of-low-leverage-and-strong-underlying-performance-despite-commodity-price-volatility-outlook-
stable/ or Omnia's Investor Relations office at omniaIR@omnia.co.za.

Johannesburg
3 September 2024


Sponsor
Java Capital

Date: 03-09-2024 09:00:00
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