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Thriving Together

HayCarb PLC | Annual Report 2023/24



About Us



“
Ours is a story of sustainable innovation hard coded in our DNA from the beginning. The coconut shell derived from the coconut tree is our key raw material. It is then transformed through innovative processes to produce activated carbon, which is in turn used in a myriad of applications, leading to better quality of life, addressing multiple stakeholder needs and generating progress towards a promising future.
• Group Structure
• Haycarb at a Glance
• Our Products
• Awards and Recognitions


Haycarb is united in purpose: driving value, changing lives.



Our journey of over five decades is focused on sustainable innovation to provide solutions for a variety of applications.



We are a global leader in coconut shell-based activated carbon, operating across seven countries and serving customers in over fifty countries worldwide.


Foundations of Successful Establishment



“
Sustainability is ingrained in our business DNA. The launch of our ESG Roadmap “Activate” resonated positively with our stakeholders, who partner with us in our quest for collective growth thriving together for a better tomorrow.
• Chairman’s & Managing Director’s Joint Message
• Board of Directors
• Management Team
• Corporate Governance
• Annual Report of the Board of Directors on the Affairs of the Company
• Statement of Directors’ Responsibility
• Related Party Transactions Review Committee Report
• Audit Committee Report
• Remuneration Committee Report
• Nomination and Governance Committee Report
• Statement by the Senior Independent Director


Highlights of the Chairman’s & Managing Director’s Joint Message



Unification of Interests



“
Our Journey to become a global leader in coconut shell based activated carbon: future ready with a portfolio of value added carbons within a robust framework of environmental stewardship, social responsibility and good governance
• Activate-ESG Roadmap 2030
• Performance Highlights - ESG
• Consolidated Statement on ESG performance
• Uplifting our Communities
• Progress Towards Adopting SLFRS Sustainability Standards


ESG is integral to our business, and the launch of 'Activate,' our ESG Roadmap underscores our commitment to a sustainable future.




Investment in next generation

Mid day meal provided to >
800
Students
School books donation Rs.
7.5
Mn
90 laptops to university students > Rs.
3.7
Mn

Investments in environment and biodiversity projects

Tree planting project in new coconut triangle Rs.
1.9
Mn
Sea turtle conservation Rs.
1.3
Mn
Beach clean up Rs.
0.3
Mn

Responding to the needs of communities

Supporting Healthcare Sector Rs.
6.1
Mn
190000
L water purified per day

ESG Roadmap 2030, "Activate"

Elevating Strengths of Stakeholders



“
Haycarb Group reported a revenue of Rs. 43.2 billion and net profit of Rs. 4.3 billion, proving its resilience in the face of volatility in markets and operating environment closing the year with a strong balance sheet, giving the Company the strength to launch its future growth trajectory.
• Independent Auditor’s Report
• Statement of Profit or Loss
• Statement of Comprehensive Income
• Statement of Financial Position
• Statement of Changes in Equity
• Statement of Cash Flows
• Notes to the Consolidated Financial Statements
• Indicative US Dollar Financial Statements
• Financial Review
• Financial Calendar
• Ten Year Financial Review
• Performance Highlights
• Horizontal and vertical analysis


Revenue Rs.
43
Bn
PBT Rs.
6.1
Bn
PBT margin
14.2
%
Return on equity
16.8
%
Return on Assets
10.7
%
Gearing
18.4
%
Dividend Per share Rs.
6.00

Dividend Yeild
7.8
%
EPS Rs
12.6

USA
Sri Lanka
Europe
Australia
Other Asian Countries



We displayed resilience in turbulent market conditions, achieving robust financial results through strategic asset expansion and positive cash flow generation.


“
We will continue our journey towards realizing our Corporate Purpose of Driving Value and Changing Lives to create a sustainable and prosperous future for Haycarb and its stakeholders.
• Report evolution
• Reporting framework
• Materiality and joint assurance
• Our digital transformation journey

Creating Streams of Value

• Our Socio-Economic Impact
• Our Value Creation Model
• Group Value Addition & Distribution
• Operating Environment
• Beyond SWOT- The TOWS Analysis
• Determining Materiality
• Managing Risks & Opportunities
• Listening to Our Stakeholders
• Strategy and Resource Allocation
• Future Outlook

Diligence in Capital Management

• Natural Capital
• Intellectual Capital
• Human Capital
• Social and Relationship Capital
• Manufactured Capital
• Financial Capital

Independent Assurance on Reports

• Independent Assurance Report for the GRI Standard
• Independent Assurance Report for the Integrated Annual Report
• Independent Auditor’s Report

Natural Capital

GHG emission Reduction
6
%
Investment in sustainable environment practices Rs.
1.2
Bn
Investment in new eco friendly Charcoaling pits
during the year (Nos)
32

Human Capital

No of employees
1933
Across 7 countries
Permanent employee retention
92
%
Total Training Hours
23352

Investment in OHS and Well being > Rs.
100
Mn

Manufactured Capital

Production capacity
56800
TPA
State of art Laboratories Nos
8

New investment in electro chemical laboratory
Capital expenditure > Rs.
2.1
Bn

Intellectual Capital

New products launched
14

R & D Investment Rs.
231.4
Mn
Certifications >
25

Social Capital

Customer satisfaction >
90
%
Coconut shell & Charcoal suppliers >
600

Customers >
590

CSR beneficiaries >
105000




< 30 years
30-50 years
>50 years


Presenting the overall highlights of Haycarb PLC’s 4th integrated annual report.




TOWARDS OUR INVESTORS

• Group Profile
• Top 20 Shareholders
• Directors' Shareholdings - (As defined in Colombo stock exchange rules)
• Public holding
• Shareholders
• Market Value
• History of Dividends and Scrip Issues
• Investment Case
• Form of proxy
• Notice of Annual General Meeting
• Quarterly financials

Dividend Per share Rs.
6.00

Dividend Yeild
7.8
%
EPS Rs.
12.6

DPS
EPS
Market Price per Share

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