1. INVESTOR PRESENTATION
KENOL KOBIL FY2017
INVESTOR PRESENTATION
JUNE 2018

2. About us Company Vision Company Mission
To be the leading brand in all markets we operate in and a major player in Africa.
Company Vision
Company Mission
To develop, improve and increase the quality and total value of our products and services.
To become a market leader through continuous innovation, customer focus and to provide the highest quality products and services.
To maintain a highly motivated and well trained human resource base.
To deliver the highest shareholder value.

3. About us
KenolKobil Plc (formerly Kenya Oil Company Limited, (Kenol)) was incorporated on May 13, 1959
The name of the Company changed from Kenya Oil Co Ltd to KenolKobil Ltd in June 2009
In May 2017 the name of the company changed to KenolKobil Plc
The company’s shares are quoted on the Nairobi Securities Exchange
Our main business: Marketers of petroleum products in the down stream market

4. Corporate Governance 4 Non-executive Directors 1 Executive Director
James Mathenge (Chairman) (Oil man, Ex Chevron, Magadi Soda)
Ms Ashwini Bhandari (Advocate, Partner Daly & Inamdar Advocates)
Daniel Ndonye (Auditor, Ex–Deloitte & Touche)
Ms. Elisabeth Klem (Hotelier, MD Yaya Towers)
4 Non-executive Directors
David Ohana (Group Managing Director)
1 Executive Director
Audit & Risk Committee
Nominations, HR & Remuneration Committee
Board Committees

5. Corporate Governance Group Managing Director General Manager, Kenya
Reviews financial performance and develops strategies geared towards improving business performance.
Assists the Group MD in investment and strategic planning decisions.
Develops and reviews group policies.
Participates in staff recruitment and talent development.
Participates in staff disciplinary matters.
Reviews the group’s compliance to policies and regulations through the compliance committee.
Provides oversight to ad hoc committees to ensure that objectives are met.
Group Managing Director
General Manager, Kenya
Finance Manager
Marketing Manager
Executive Committee

6. CURRENT COUNTRY OPERATIONS
Eastern Africa Business Footprint
UGANDA– 33
ETHIOPIA – 41
CONGO
KENYA – 197
RWANDA – 50
ZAMBIA – 28
CURRENT COUNTRY OPERATIONS
TANZANIA
DIVESTED OPERATIONS
BURUNDI – 43

7. EXPORT, TRADING, AVIATION
OPERATING SEGMENTS
INLAND
RETAIL
COMMERCIAL
RESELLER
FUEL OIL
NICHE
LPG
BITUMEN
LUBES
NON FUEL
EXPORT, TRADING, AVIATION
EXPORT
TRADING
AVIATION

8. KENYA MARKET SHARE STATISTICS FY 2017

9. KENYA MARKET SHARE STATISTICS FY 2017

11. GROUP DEPOTS’ CAPACITY
WHITE FUELS
LPG
(M3)
 STATUS
(MT)
KENYA
57,717
Joint Ownership
230
Company Owned
RWANDA
14,800
Leased
100
UGANDA
2,181 40
ZAMBIA
6,000
BURUNDI
4,500
N/A
85,198
410

12. FINANCIAL SUMMARY

13. Consolidated Income Statement
For the period ended 31st December 2017
2017
2016
Shs'000
%age change
Volume
2,895,175
2,036,348
42%
Net sales
158,710,185
103,493,925
53%
Cost of sales
(150,798,637)
(96,110,370)
57%
Gross Profit
7,911,548
7,383,555 7%
5.0%
7.1%
Other Income
582,555
464,353
25%
Administrative and operating cost
(3,082,629)
(2,481,277)
24%
Impairment provision for KPRL Yield shift receivable
(570,212)
(600,000)
(5)%
 Share of profit in associate
4,824
1,215
297%
Exchange (loss)/gain
(47,447)
2,525
(1979)%
EBITDA
4,798,639
4,770,371 1%
Finance cost
(340,703)
(354,690)
(4)%
Finance income
192,967
92,461
109%
Depreciation and amortisation
(970,437)
(969,886) 0%
Profit before income tax
3,680,466
3,538,256 4%
Income tax expense
(1,215,763)
(1,125,049) 8%
PROFIT FOR THE PERIOD
2,464,703
2,413,207 2%

14. The group realized a 2% growth in PAT in FY 2017 compared to FY2016 which stood at Shs2.46bn and Shs 2.41b respectively. Without the extraordinary expenses, net profit would have been Ksh3.4bn.

15. Group volume up 42% in FY2017 compared to FY 2016 – this was spread across all the business segments including OTS and is attributable to key strategic relationships with some of the world’s major oil producers. The group revenue was up 53% mainly driven by volume growth as well as increased international oil prices.

18. Net Profit after Tax by Business Segment

19. Sales Contribution Per Business Segment

20. Gross Profit Contribution Per Business Segment

21. CURRENCY PERFORMANCE

22. CURRENCY PERFORMANCE

24. CONSOLIDATED STATEMENT OF FINANCIAL POSITION
BALANCE SHEET
31st Dec 2017
31st Dec 2016
31st Dec 2015
31st Dec 2014
Shs'000
CAPITAL EMPLOYED
Share capital
73,588
Share premium
5,166,350
Retained earnings
7,341,699
5,760,052
3,935,550
2,291,849
Other reserves
(1,366,802)
(1,134,839)
(619,849)
(201,291)
Shareholders' funds
11,214,836
9,865,151
8,555,639
7,330,496
NON-CURRENT LIABILITIES
Total non-current liabilities
271,012
312,253
210,796
285,748
CURRENT LIABILITIES
Total current liabilities
12,613,183
14,024,301
8,610,667
16,298,922
Total Equity and Liabilities
24,099,031
24,201,705
17,377,102
23,915,166
REPRESENTED BY
NON-CURRENT ASSETS
Total non current assets
5,931,196
6,564,485
6,722,294
8,427,147
CURRENT ASSETS
Total current assets
18,167,835
17,637,220
10,654,808
15,488,019
Total assets
Net Borrowing
4,828,673
3,480,228
3,900,337
9,446,764
Gearing Ratio
30%
26.10%
31.30%
56.30%
Current Ratio
1.44
1.26
1.24
0.95

25. INVENTORY LEVELS

27. LIQUIDITY

28. GEARING

29. GEARING COSTS

30. Investment Ratios

35. Year
Dividend per share
% of Profit after tax
Dividend Yield
Full Year 2017
60 cents
36% 4%
Full Year 2016
45 cents
27% 3%
Full Year 2015
35 cents
26%
Full Year 2014
20 cents 2%
Full Year 2013
10 cents 1%
Full Year 2011
Ksh 1
45%
10%
Full Year 2010
52 cents
40% 5%
Full Year 2009
Ksh 0.325
37% 7%