Mewah Group

Financial Highlight

BALANCE SHEET

In US$ millions	FY 2012	FY 2013	FY 2014
Long-term investments	357	366	382

Working capital	538	393	424

Cash (IPO proceeds)	0	0	0

Total Investments	895	759	806

Equity	560	557	536

Gross debt	384	265	331

Cash excluding IPO Proceeds	-84	-63	-61

Adj Net Debt	335	202	270

Total Capital	895	759	806

INCOME STATEMENT

In US$ millions, unless stated otherwise	FY 2012	FY 2013	FY 2014
Sales volume (Thousand MT)	3,401	3,733	4,016

Sales revenue	3,621	3,194	3,439

Operating margin	108	115	95

Operating margin: US$ per MT	32	31	24

Net profit excluding exceptional gains	20	21	3

Exceptional items	5	0	0

Net profit - reported	25	21	3

STATEMENT OF CASH FLOWS

In US$ millions	FY 2012	FY 2013	FY 2014
Net cash flows from/(used in) operating activities	-15	188	-9

Net cash flows used in investing activities	-63	-55	-54

Net cash flows (used in)/ from financing activities	-11	-121	63

Net change in cash and cash equivalents	-89	12	0

Cash and cash equivalents at beginning of the financial year	137	49	60

Effect of changes in exchange rate on cash and cash equivalents	1	-1	-2

Cash and cash equivalents at end of the financial year	49	60	58

FINANCIAL RATIOS

	FY 2012	FY 2013	FY 2014
Earnings per share (US cents)	1.64	1.39	0.18

Net asset value per share (US cents)	37.38	37.25	35.92

Debt: equity	0.69	0.48	0.62

Net debt: equity	0.60	0.36	0.50

Copyright@2006 Mewah Group. All rights reserved