INTEGRATED REPORT 2022
Performance
HIGHLIGHTS IN 2022
-
OPERATIONAL
EFFICIENCY
- Highly engaged teams, averaging an Engagement score of 70%
- Rs 9M invested in building a skilled, future-ready workforce
- Expanded Accounting shared services to additional clusters and business units
- 15.2% Operating profit margin (v/s 8.3% last year)
- Rs 27M invested in digitisation initiatives over the last three years
-
FINANCIAL RISK
MANAGEMENT
- Ensured optimum financial performance of the subsidiaries to allow CJ to achieve its debt reduction plan through effective asset structuring
- Careful monitoring of the Group’s debt to
minimise the impact of large fluctuations in interest rate - Strengthened the ability of the Real Estate and TMIT clusters to achieve an optimal capital structure in view of their investment plan
- Minimised the Group currency exchange
exposure through effective management
PROGRESSING AGAINST THE FOUR PILLARS
OF OUR FUTURE - READY STRATEGIC PLAN
-
BUSINESS PORTFOLIO
MANAGEMENT
- Realised revenue synergies between the
TMIT, Real Estate and Tourism & Hospitality
cluster - Considerably increased the asset base of
CIL and unlocked significant shareholder
value in the process - Achieved further optimisation of our telco assets through new revenue streams
- Leveraged technology to enhance our life insurance product offers
- Addressed the headwinds faced by our media investment, planning for a rebound
- Successfully completed a first full year of
operations for Anantara iko Resorts - Fine tuned our masterplan and engaged
with other major players to improve the development plan of our hospitality-related properties in the South
-
ENVIRONMENTAL, SOCIAL
AND GOVERNANCE
- Approved a Sustainability Charter for the Group
- Implemented a Parental Allowance to support new parents
- Invested Rs 4.2M in social inclusion initiatives
- Invested Rs 835K in our Employee Wellbeing Programme
- Engaged in Urban Regeneration plans to
revitalise towns, cities and larger villages in Mauritius - Recycled 46 tonnes of e-waste
- Brought 4 projects to life through Trampoline, our social impact accelerator
OPERATING
PROFIT MARGIN
AVERAGE
ENGAGEMENT
SCORES
INVESTED IN BUILDING
A SKILLED,
FUTURE-READY WORKFORCE
INVESTED IN
SOCIAL INCLUSION INITIATIVES
Chairman’s
MESSAGE
Bashirali A Currimjee
Dear shareholders,
I am pleased to share the progress made by the CJ Group in the financial year ended 2022, an eventful year in which we significantly enhanced value for our shareholders.
The accelerated pace of change in our industries, from telecommunications and real estate to hospitality, continued to drive our strategies to future-proof the Group, leading to a milestone year on many fronts: growth in our legacy businesses, expansion into new lines of businesses, the reinforcement of our ESG commitments, and the materialisation of major strategic initiatives, some of which represent the boldest aspirations the Group has ever taken on – including the deployment of the nation’s best 5G network at a record pace.
Managing Director's
MESSAGE
Anil C Currimjee
Dear shareholders,
The past year was one of remarkable progress and the materialisation of projects whose seeds were sown several years ago and were delayed due to the pandemic years of 2020 and 2021.
These investments we committed to – whether in technology, our talents or infrastructure – are not isolated actions, but part of a comprehensive vision for a better future, which has shaped the reality we are in today. The theme that graces the cover of this report, The Future is Now, encapsulates this state of affairs.
Performance, ESG & Financial
REPORTS
PERFORMANCE REPORT
Explore the operational achievements across our diverse portfolio in the dynamic 2022 business landscape.
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) REPORT
Delve into our in-depth evaluation of responsible corporate practices, encompassing environmental stewardship, social responsibility, and effective governance.
FINANCIAL REPORT
Gain insights from our Chief Financial Officer’s analysis and access comprehensive financial statements in this section.
