OCI’s underlying private equity (‘PE’) portfolio1 of asset-light, tech-enabled businesses continued to deliver earnings growth despite the macro-economic environment.
LTM EBITDA growth
14%
Importance
Demonstrates the earnings growth of the underlying portfolio companies which drives the performance of OCI’s investments.
Performance
Despite the macro-economic uncertainties and market volatility during the year, the underlying portfolio companies remained resilient resulting in a weighted average EBITDA growth of 14%.
EV/EBITDA ratio
16.4x
Importance
Helps investors determine the value of the Company's underlying portfolio.
Performance
The weighted average EV/EBITDA multiple of OCI's underlying investments increased to 16.4x in the year, reflecting a change in Oakley's portfolio mix.
Net debt/EBITDA ratio
4.2x
Importance
Represents the leverage of the underlying investments in which OCI indirectly invests, and the extent to which earnings cover these debts.
Performance
The weighted average Net Debt/EBITDA ratio of OCI’s portfolio remained broadly stable in the year demonstrating the stability and resilience of OCI’s underlying portfolio of investments during a time of high interest rates.
1. Oakley PE Portfolio KPIs do not include Oakley Venture Funds (Touring Fund I and PROFounders III).
Please see Glossary for definition of OCI’s key performance indicators.