OCI’s results were strong, with i) an annual total NAV return of 26% (11% in six months), ii) average annualportfolio company EBITDA growth of 35% (20%FY’20), 12.3x EV/EBITDA (FY’20 11.8x) and 3.5x net debt/EBITDA (FY’20 3.9x), iii) £95m investment and £51m realisations in six months, and iv) year-end cash of £172m. This performance, and OCI’s 17% five-year CAGR NAV total return, is driven by i) high-growth companies/sector champions with structural tailwinds and often digital disruption benefit ....
13 Sep 2021
1H’21: 35% EBITDA growth drives 26% NAV return
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1H’21: 35% EBITDA growth drives 26% NAV return
Oakley Capital Investments Ltd Registered (OCI:LON) | 476 9.5 0.4% | Mkt Cap: 839.8m
- Published:
13 Sep 2021 -
Author:
Mark Thomas -
Pages:
17
OCI’s results were strong, with i) an annual total NAV return of 26% (11% in six months), ii) average annualportfolio company EBITDA growth of 35% (20%FY’20), 12.3x EV/EBITDA (FY’20 11.8x) and 3.5x net debt/EBITDA (FY’20 3.9x), iii) £95m investment and £51m realisations in six months, and iv) year-end cash of £172m. This performance, and OCI’s 17% five-year CAGR NAV total return, is driven by i) high-growth companies/sector champions with structural tailwinds and often digital disruption benefit ....