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Investor overview

 

Italtile Limited is South Africa's leading retailer of imported and local ceramic and porcelain tiles, sanitaryware, bathroom accessories and other related products.

The Group operates as a franchisor, featuring a streamlined parent operation focused on growing market share and fostering entrepreneurial opportunities through its franchise programme.

Italtile elected to participate in the Institute of Directors Southern Africa's ("IoDSA") governance assessment instrument, achieving the highest application score of AAA.

JSE Corporate Governance Listings Requirements

Share price table

MARKET INDICATORS

Share price

Share price table

Shareholders diary

JUN Financial year-end
  Reports
  Interim half-year to December (February)
  Preliminary profit announcement (August)
  Integrated Annual Report (September)
  Dividends
FEB Interim dividend declared
MAR Interim dividend paid
AUG Final dividend declared
SEP Final dividend paid
NOV Annual general meeting

 

diary-shareholders

Latest results and reports

REVIEWED CONDENSED GROUP RESULTS

for the six months ended 31 December 2023, cash dividend declaration and changes to the Board

INTEGRATED ANNUAL REPORT 2023

REVIEWED CONDENSED GROUP RESULTS

for the year ended 30 June 2023 and cash dividend declaration

Italtile's unique investment proposition

Italtile is the leading manufacturer, retailer and franchisor of tiles and sanitaryware in Southern Africa.

The business is invested in a portfolio of differentiated, complementary, focused retail formats and manufacturing facilities centred on operational excellence and high-volume turnover.

The Group offers a compelling proposition for investors, business partners, franchisees and customers, as outlined below:

– ESTABLISHED MARKET LEADER, STRONG TRACK RECORD AND UNIQUE BUSINESS MODEL

The Group was founded in 1969 and has a consistently impressive track record over the past five decades.

The unique business model is centred on a strategically diverse portfolio of long-standing high-profile retail brands which appeal across the income, demographic and geographic spectrum and are popularly acknowledged as industry trend setters. The integrated supply chain underpins the policy of ‘right product at the right time, place and price’. An extensive property portfolio comprises aspirational stores, state-of-the-art factories and productive quarries.

The Group's reward and empowerment ethos incentivises personnel to participate in the profitability of the business and ensures strong partnerships with employees, equity partners and entrepreneurial franchisees.

– STRATEGIC CLARITY AND CONSISTENT ACHIEVEMENT

Strategic clarity and consistent achievement against key performance indicators are core operating practices. Performance indicators centre on sales, cost leadership, productivity improvements and performance culture and are achieved through a customer centric philosophy underpinned by sustained investment in improving and innovating the shopping experience to maintain and grow market share and enhance long-term sustainable value for stakeholders.

– EXPERT AND EXPERIENCED LEADERSHIP

The Group has an experienced, supportive Board and a diverse high-performance management team with extensive industry- and related knowledge. The flat, low-cost organisational structure is optimal to achieve the Group’s stringent productivity and performance KPIs.

– LOW-RISK GROWTH OPPORTUNITIES

Growth is primarily driven through continuous improvement in productivity of people, facilities and capital. Expansion, through new store roll outs and capital expenditure on existing and new manufacturing facilities, is based on low-risk proven markets and growth opportunities, and underpinned by robust cash reserves.

– ROBUST FINANCIAL POSITION

Reflected by a strong balance sheet with limited financial leverage, cash generative operations and a sustainable long-term earnings outlook. Healthy cash reserves afford optimal capital allocation for continued growth.

– GOOD CORPORATE GOVERNANCE AND ESG AWARENESS

Management has a long-standing reputation for consistency in strategy and delivery; transparent disclosure; and accessibility to the financial markets and media. The Group is committed to sustainable growth through sound governance, regulatory compliance and responsiveness to global best practice transformation.

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