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OMNIA HOLDINGS LIMITED - Voluntary update - improved credit rating

Release Date: 09/09/2020 12:00
Code(s): OMN     PDF:  
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Voluntary update - improved credit rating

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


VOLUNTARY UPDATE – IMPROVED CREDIT RATING


Omnia is pleased to inform stakeholders that the Global Credit Rating Co. ("GCR") has upgraded Omnia's long
and short-term issuer ratings to BBB+ and A2 respectively, with the outlook revised from negative to stable.

The rating reflects GCR’s view that Omnia's recovery and sustainable improvement in cash flow and financial
flexibility are underpinned by strong shareholder support, operational rationalisation, cash preservation and
relatively strong access to capital.

The report also highlights the following in terms of Omnia’s competitive position:
   - Strong market positioning in the agriculture products’ space on the continent, complemented by BME’s
     burgeoning market share; and
   - Proprietary technologies, continued modernisation of the production process, control of the supply chain, and
     integration of the three main business units which underpin a sound revenue base.

“This upgraded credit rating is a welcome endorsement of the progress made in implementing our turnaround
strategy over the past 12 months, particularly the short-term stabilisation plan and focus on enhancing operating
leverage and margin improvement. Our competitive positioning and strengthened financial profile enable us to
better weather the challenges brought about by COVID-19 and sets the foundation from which we continue to
drive long-term sustainable value, enhance efficiencies and optimise returns,” says Seelan Gobalsamy, Chief
Executive Officer of Omnia.

The full report is available at https://gcrratings.com/announcements/gcr-upgrades-omnias-issuer-ratings-to-bbbza-
a2za-on-further-stabilisation-of-the-financial-profile-outlook-stable/ or Omnia’s Investor Relations office at
omniaIR@omnia.co.za.

Johannesburg
9 September 2020


Sponsor
Java Capital
Date: 09-09-2020 12:00:00
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