KEY FINANCIAL RATIOS 2017

BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED

KEY METRICS

OPERATING PROFIT MARGIN NET PROFIT MARGIN EARNINGS PER SHARE (EPS) CURRENT RATIO DEBT-TO-EQUITY RATIO

0.34 0.15 130.50 1.3011606752 0.29

8% -13% 3% -11% 20%

ALL METRICS

METRIC YEAR (2017) PREVIOUS YEAR (2016) % CHANGE THIS YEAR 5 YEAR TREND
PROFITABILITY RATIOS:
GROSS PROFIT MARGIN 0.477 0.454 5%
OPERATING PROFIT MARGIN 0.343 0.318 8%
NET PROFIT MARGIN 0.151 0.173 -13%
RETURN ON TOTAL ASSETS 0.173 0.216 -20%
RETURN ON STOCKHOLDERS' EQUITY 0.339 0.402 -16%
RETURN ON INVESTED CAPITAL 0.292 0.349 -16%
EARNINGS PER SHARE (EPS) 130.498 126.374 3%
LIQUIDITY RATIOS:
CURRENT RATIO 1.301 1.462 -11%
WORKING CAPITAL ('000 BDT) 5901962 6298745 -6%
LEVERAGE RATIOS:
DEBT-TO-ASSETS RATIO 0.146 0.131 12%
LONG-TERM DEBT-TO-CAPITAL RATIO 0.138 0.130 6%
DEBT-TO-EQUITY RATIO 0.293 0.245 20%
LONG-TERM DEBT-TO-EQUITY RATIO 0.160 0.150 7%
COVERAGE RATIO 92.805 275.793 -66%
ACTIVITY RATIOS:
DAYS OF INVENTORY (DAYS) 234.586 213.571 10%
INVENTORY TURNOVER 1.556 1.709 -9%
AVERAGE COLLECTION PERIOD (DAYS) 16.264 8.863 84%
OTHER IMPORTANT MEASURES OF FINANCIAL PERFORMANCE:
DIVIDEND YIELD ON COMMON STOCK 0.018 0.022 -20%
PRICE-EARNINGS RATIO 26.069 19.648 33%
DIVIDEND PAYOUT RATIO 0.459 0.435 6%
INTERNAL CASH FLOW ('000 BDT) 9325359 8844524 5%
FREE CASH FLOW ('000 BDT) 1742550 719773 142%
FINANCIAL RATIOS
METRIC NAME 2013 2014 2015 2016 2017
GROSS PROFIT MARGIN 0.440 0.443 0.468 0.454 0.477
OPERATING PROFIT MARGIN 0.304 0.324 0.331 0.318 0.343
NET PROFIT MARGIN 0.158 0.177 0.147 0.173 0.151
RETURN ON TOTAL ASSETS 0.272 0.239 0.203 0.216 0.173
RETURN ON STOCKHOLDERS' EQUITY 0.553 0.548 0.402 0.402 0.339
RETURN ON INVESTED CAPITAL 0.485 0.484 0.343 0.349 0.292
EARNINGS PER SHARE (EPS) 82.07 104.70 97.90 126.37 130.50
CURRENT RATIO 1.20 1.07 1.28 1.46 1.30
WORKING CAPITAL ('000 BDT) 1635862 953607 3475530 6298745 5901962
DEBT-TO-ASSETS RATIO 0.068 0.172 0.086 0.131 0.146
LONG-TERM DEBT-TO-CAPITAL RATIO 0.123 0.116 0.148 0.130 0.138
DEBT-TO-EQUITY RATIO 0.140 0.406 0.173 0.245 0.293
LONG-TERM DEBT-TO-EQUITY RATIO 0.140 0.132 0.173 0.150 0.160
COVERAGE RATIO 107.04 61.37 92.60 275.79 92.81
DAYS OF INVENTORY (DAYS) 138.20 167.77 147.18 213.57 234.59
INVENTORY TURNOVER 2.64 2.18 2.48 1.71 1.56
AVERAGE COLLECTION PERIOD (DAYS) 9.01 11.84 8.61 8.86 16.26
DIVIDEND YIELD ON COMMON STOCK 0.031 0.023 0.015 0.022 0.018
PRICE-EARNINGS RATIO 19.53 25.31 30.14 19.65 26.07
DIVIDEND PAYOUT RATIO 0.61 0.59 0.46 0.44 0.46
INTERNAL CASH FLOW ('000 BDT) 5692692 7230241 6835150 8844524 9325359
FREE CASH FLOW ('000 BDT) 2647206 392090 6458066 719773 1742550

FINANCIAL INFORMATION (IN THOUSANDS OF BDT)

METRIC NAME 2013 2014 2015 2016 2017
REVENUES 31,225,437 35561987 39894894 43753775 51963743
COST OF GOODS SOLD 17,501,330 19794030 21212511 23890895 27180742
OPERATING INCOME 9,504,368 11,535,203 13,200,527 13,926,734 17,802,421
PROFITS AFTER TAX 4924127 6281922 5874074 7,582,462 7,829,856
INTEREST EXPENSE 88,796 187,965 142,561 50,497 191,826
TOTAL ASSETS 18,463,798 27,075,019 29,590,831 35,347,583 46,414,508
TOTAL STOCKHOLDERS' EQUITY 8,901,590 11,463,511 14,609,519 18,882,582 23,112,438
LONG-TERM DEBT 1,247,439 1,508,672 2,531,026 2,828,036 3,704,684
NUMBER OF COMMON SHARES OUTSTANDING ('000) 60,000 60,000 60,000 60,000 60,000
CURRENT ASSETS 9,950,631 15,056,443 15,925,816 19,935,710 25,499,348
CURRENT LIABILITIES 8,314,769 14,102,836 12,450,286 13,636,965 19,597,386
TOTAL DEBT 1,247,439 4656282 2,531,026 4617608 6762594
INVENTORY 6,626,703 9,098,197 8,553,377 13,979,180 17,469,089
ACCOUNTS RECEIVABLE 770,917 1,153,571 940,758 1,062,450 2,315,457
ANNUAL DIVIDENDS PER SHARE (BDT) 49.9639166667 61.95875 44.895933333 55.0291166667 59.9553166667
MARKET PRICE PER SHARE AS ON THE LAST DAY OF YEAR (BDT) 1,603.1 2650.3 2950.5 2483.0 3402
DEPRECIATION 768,565 948,319 961,076 1,262,062 1,495,503
CAPITAL EXPENDITURE 3,376,792 4,372,447 2,642,653 3,514,897 7,990,824
DIVIDENDS PAID 2997835 3717525 2693756 3301747 3597319
CASH FLOW FROM OPERATING ACTIVITIES 6,023,998 4,764,537 9,100,719 4,234,670 9,733,374
KEY METRICS
1 OPERATING PROFIT MARGIN
2 NET PROFIT MARGIN
3 EARNINGS PER SHARE (EPS)
4 CURRENT RATIO
5 DEBT-TO-EQUITY RATIO