1. KENOLKOBIL LIMITED
INVESTOR BRIEFING
March 2017

2. KenolKobil
KenolKobil Limited (formerly Kenya Oil Company Limited, (Kenol)) incorporated on May 13th,1959
The shares are quoted on Nairobi Securities Exchange
The name of the Company changed from Kenya Oil Co Ltd to KenolKobil Ltd in June 2009
Our main business: Marketers of petroleum products in the down stream market
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3. Vision and Mission Statement
To be the leading brand in all markets we operate and a major player in Africa.
MISSION
To develop, improve and increase quality and total value of our products and services.
To become a market leader through continuous innovation, customer focus and provide the highest quality products and services.
To maintain a highly motivated, well trained human resource base
To deliver highest Shareholders value.
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4. Board of Directors 4 Non-executive Directors 2 Executive Director
James Mathenge (Chairman) (Oil man, Ex Chevron), Magadi Soda
Terry Davidson (Banker, Ex-Citibank, KCB)
Daniel Ndonye (Auditor, Ex–Deloitte&Touche)
2 Executive Director
- David Ohana (Group Managing Director)
Board Committees
Audit & Risk Committee
Nominations and HR & Remuneration Committee
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5. Management - Country Managers of each subsidiary Executive Committee
- Group Managing Director
- Group Finance Manager
- Marketing Manager
Group Management Team
- Country Managers of each subsidiary
- Group Managing Director
- Selected Team members of Kenya Management team
- Group Accountants
- Group Internal Audit Manager
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6. Management Subsidiary Local Management team
Each subsidiary, including Kenya, have a local management team responsible for running the operations of the country
- Each structure manages it’s own operations through Kenya approvals and controls, covering Marketing & Business
development, Operations, Human resources, IT & Administration, Accounting & Finance
- Group Management team sets all business policies based on Board guidelines.
- Functions are streamlined from Kenya
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7. Subsidiaries All subsidiaries are 100% owned by KenolKobil Ltd.
KenolKobil (formerly Kenya Oil Co Ltd) operates under the Kenol brand.
Subsidiaries operate under the Kobil brand.
Kobil Petroleum
Kobil Uganda
Kobil Zambia
Kobil Rwanda
Kobil Ethiopia
Kobil Burundi
Kobil Tanzania (Divested in Dec 2015)
KenolKobil Congo (Divested in Dec 2015)
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8. Kenya: Kobil and Kenol – 190stations Kobil Uganda (since 2000) – 37
Retail Operations The group operates 12 Terminals from which it supplies Network of Stations:
Kenya: Kobil and Kenol – 190stations
Kobil Uganda (since 2000) – 37
Kobil Zambia (since 2002) – 26
Kobil Rwanda (since 2003) – 58
Kobil Ethiopia (April 2007)
Kobil Burundi (Sep 2010)
TOTAL STATIONS
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10. KenolKobil FINANCIAL SUMMARY
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11. Group Income Statement
GROUP INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER
2016
2015
Shs'000
%age inc
Volume
2,036,348
1,571,588
30%
Net sales
103,493,925
86,557,936
20%
Cost of sales
(96,110,370)
(80,720,486)
19%
Gross Profit
7,383,555
5,837,450
26%
7.1%
6.7%
Other Income
464,353
830,391
-44%
Administrative and operating cost
(2,481,277)
(2,077,117)
Impairment provision for KPRL Yield shift receivable
(600,000)
(146,694)
309%
Share of profit/(loss) in associate
1,215
1,214 0%
Exchange losses
2,525
(232,064)
-101%
EBITDA
4,770,371
4,213,180
13%
Finance cost
(354,690)
(651,344)
-46%
Finance income
92,461
83,909
10%
Depreciation and amortisation
(969,886)
(863,324)
12%
Profit before income tax
3,538,256
2,782,421
27%
Income tax expense
(1,125,049)
(884,491)
Profit for the year from continuing operations
2,413,207
1,897,930
Profit for the year from discontinuing operations -
117,044
100%
PROFIT FOR THE YEAR
2,014,974
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27. Net Sales by Business Segment
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28. Gross Profit by Business Segment
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29. Net Profit after Tax by Business Segment
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31. Dividends Year Dividend per share % of Profit after tax Dividend Yield
Final 2016
45 cents
27% 3%
Final 2015
35 cents
26% 4%
Final 2014
20 cents 2%
Final 2013
10 cents 1%
2011
Ksh 1
45%
10%
2010
52 cents
40% 5%
2009
Ksh 0.325
37% 7%
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33. Group Balance Sheet
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION
BALANCE SHEET
31st Dec 2016
31st Dec 2015
31st Dec 2014
Shs'000
CAPITAL EMPLOYED
Shareholders' funds
9,865,151
8,555,639
7,330,496
NON-CURRENT LIABILITIES
Total non-current liabilities
312,253
210,796
285,748
CURRENT LIABILITIES
Total current liabilities
14,024,301
8,610,667
16,298,922
Total Equity and Liabilities
24,201,705
17,377,102
23,915,166
REPRESENTED BY
NON-CURRENT ASSETS
Total non current assets
6,564,485
6,722,294
8,427,147
CURRENT ASSETS
Total current assets
17,637,220
10,654,808
15,488,019
Total assets
Net Borrowing
3,480,228
3,900,337
9,446,764
Gearing Ratio
26.1%
31.3%
56.3%
Current Ratio
1.26
1.24
0.95
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43. KenolKobil
Thank you
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