OCI's underlying private equity portfolio 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
The organic LTM EBITDA growth remained 14% as at the period end despite the weak macro-economic backdrop, demonstrating the resilience of the underlying portfolio companies.
EV/EBITDA ratio
16.4x
Importance
Helps investors determine the value of the Company's underlying portfolio in comparison to the market.
Performance
OCI's EV/EBITDA multiple remained stable at 16.4x reflecting a measured approach to valuation.
Net debt/EBITDA ratio
3.9x
Importance
Represents the leverage of the underlying investments in which OCI indirectly invests, and the extent to which earnings cover net debts.
Performance
The Net debt/EBITDA ratio of OCI's underlying portfolio decreased, reducing the cost of borrowing and exposure to interest rate risk.
Figures presented for 2024 are for the 6 months to 30 June 2024, and both the 2023 and 2022 comparatives are annual.
Figures presented exclude Oakley Venture Fund Portfolio comprising of Touring and PROfounder funds.
Please see Glossary for definition of OCI’s key performance indicators.