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OMNIA HOLDINGS LIMITED - Voluntary update - improved credit rating

Release Date: 11/08/2021 17:22
Code(s): OMN     PDF:  
Wrap Text
Voluntary update - improved credit rating

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


Omnia is pleased to inform stakeholders that the Global Credit Rating Co. ("GCR") has upgraded Omnia's
long and short-term issuer ratings to A(ZA) and A1(ZA) respectively, with the outlook maintained as Stable.
The rating upgrade reflects GCR's view that Omnia has a stronger financial risk profile, supported by further
significant deleveraging post the recent Oro Agri disposal, as well as the improved resilience of the Group's
cash flows following its business realignment interventions.

The report also highlights the following elements of Omnia's investment case:
• Sound operating performance throughout the COVID-19 pandemic;
• Business diversification by product and geographies, as well as past cost rationalisation initiatives adopted;
• Solid business profile underpinned by its strong market positioning in the agriculture products space in
  Africa, 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.

Seelan Gobalsamy, Chief Executive Officer of Omnia, said: "This further upgrade in our credit rating
recognises the continuous delivery of our Group Strategy which has resulted in a considerably stronger
financial position, resilient cash flows and improved competitive positioning. We are committed to drive
long-term sustainable value through prudent capital and liquidity management and the pursuit of organic
and inorganic growth opportunities, greener technologies and expansion into geographies that enhance
Omnia's impact in the world."

GCR's full report is available at
resilience or Omnia’s Investor Relations office at

11 August 2021

Java Capital
Date: 11-08-2021 05:22:00
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