Leadership - Rogers Mauritius · • Inspiring leadership with senior management in the Group’s...

Leadership

Energy drives dynamism.

ADAM, GUYIndependentDirector

DE LABAUVE D’ARIFAT, PATRICKIndependentDirector

BUNDHUN, ZIYADExecutiveDirectorandChiefFinanceandInvestmentExecutive

ESPITALIER-NOËL, ERICNon-ExecutiveDirector

Our Board of Directors


ANNUAL REPORT 2016 - Rogers16

Key:

CGC: Corporate Governance Committee

RMAC: Risk Management and Audit Committee

BUNDHUN, ZIYAD(Born in 1964)ExecutiveDirectorandChiefFinanceandInvestmentExecutive

ADAM, GUY(Born in 1950)IndependentDirector

DE LABAUVE D’ARIFAT, PATRICK(Born in 1958)IndependentDirector

ESPITALIER-NOËL, ERIC(Born in 1959)Non-ExecutiveDirector

APPOINTMENT18October2012

QUALIFICATIONS•MemberoftheInstituteof

CharteredAccountantsinEnglandandWales.

PROFESSIONAL JOURNEY•Articleshipandqualificationin

LondonwithBrightGrahameMurray,CharteredAccountantsbetween1984and1990.

•StartedhiscareerwithDeloitte&ToucheintheMiddleEastandmovedtoErnst&YounginMauritiusin1993.

•JoinedtheMauritiusofficeoftheInternationalTrustServicesGroup,MutualTrustin1995.

•FoundedtheMauritiusofficeoftheInternationalAuditandConsultingGroup,Mazarsin2002.

•JoinedtheCorporateBankingDivisionoftheMauritiusCommercialBankin2005.

•WasappointedManagingDirectorofMCBCapitalPartnersLtd,theprivateequityarmoftheMCBGroupin2006.

•JoinedRogersandCompanyLimitedasChiefFinanceandInvestmentExecutiveinOctober2011.

SKILLS•Strategydevelopmentand

executionexperience•Financialmanagement•Corporatefinance•Privateequity

CURRENT EXTERNAL COMMITMENTS•None

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•AscenciaLimited

APPOINTMENT5October1994CGC – Member

QUALIFICATIONS•DoctorofMedicine(MD).•FellowshipoftheRoyalCollegeof

Surgeons(FRCS).

PROFESSIONAL JOURNEY•AppointedFellowofthe

AssociationofSurgeonsofGreatBritainandIreland.

•PractisingasaConsultantGeneralSurgeoninMauritiussince1988.

SKILLS•Broadly-basedNEDexperience

acrossdiversesectors•Over20yearswiththeGroup

withadetailedknowledgeofitsoperations

•Extensiveknowledgeofcorporategovernance

CURRENT EXTERNAL COMMITMENTS•MedicalAdvisertoSwanHealth

Insurance•MemberoftheBoardofDirectors

oftheMedicalandSurgicalCentreandchairsitsCGandEthicsCommittees

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•None

APPOINTMENT18October2012RMAC – Member

QUALIFICATIONS•BScdegreeinEconomicsand

Accountancy(CityUniversity,London).

PROFESSIONAL JOURNEY•Startedhiscareerwiththe

MauritiusChamberofAgriculturein1982.

•WasappointedDirectoroftheMauritiusSugarProducers’Association(MSPA)in1991.

•ChairedtheMSPAforthreeyearsandtheMauritiusSugarSyndicatefortwoyears.

•InJuly2001,hejoinedCIELAgro-IndustryasChiefExecutiveOfficer.

SKILLS•CEOexperienceacrossdiversified

sectors•Extensiveexperienceinboth

generalandfinancialmanagement•Stronginterpersonalskills

CURRENT EXTERNAL COMMITMENTS•CEOofAlteoLtd

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•AlteoLtd

APPOINTMENT2February1994CGC – Member

QUALIFICATIONS•Bachelor’sdegreeinSocial

Sciences(UniversityofNatal,SouthAfrica)

•Master’sdegreeinBusinessAdministration(UniversityofSurrey,UK)

PROFESSIONAL JOURNEY•WorkedwithDeChazalduMée

&Co.,CharteredAccountantsinMauritiusandwithIndianOceanExportCo.LtdinSouthAfrica.

•JoinedtheENLGroupin1986.•AppointedExecutiveDirectorof

ENLLtdin1987.

SKILLS•Wellversedincorporate

governancematters.•Strongmarketing,portfolio

developmentandcommercialskills.

•Valuableexperienceacrossseveralsectors.

CURRENT EXTERNAL COMMITMENTS •ChiefExecutiveOfficerof

ENLCommercialLtd•MemberoftheNational

CommitteeonCorporateGovernance

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•AutomaticSystemsLtd

(Chairman)•ENLCommercialLimited•ENLLimited•ENLLandLtd•LesMoulinsdelaConcordeLtée•LivestockFeedLimited

Rogers - ANNUAL REPORT 2016 17

ESPITALIER-NOËL, HECTORNon-ExecutiveDirector

ESPITALIER-NOËL, GILBERTNon-ExecutiveDirector

ESPITALIER-NOËL, PHILIPPEChiefExecutiveOfficerandExecutiveDirector

FORGET, PHILIPPEIndependentDirector



ESPITALIER-NOËL, HECTOR(Born in 1958)Non-ExecutiveDirector

ESPITALIER-NOËL, GILBERT(Born in 1964)Non-ExecutiveDirector

ESPITALIER-NOËL, PHILIPPE (Born in 1965)ChiefExecutiveOfficerandExecutiveDirector

FORGET, PHILIPPE (Born in 1950)IndependentDirector

APPOINTMENT22December1987



PROFESSIONAL JOURNEY•WorkedforCoopers&Lybrandin

London.•WorkedwithDeChazalduMéein

Mauritius.•PastChairmanoftheBoardof

RogersandCompanyLimited.•PastPresidentoftheMauritius

ChamberofAgriculture.•PastPresidentoftheMauritius

SugarProducers’Association.•PresidentoftheMauritiusSugar

Syndicate.

SKILLS•CEOexperienceacrossdiversified

sectors.•Significantexperienceinalliances,

venturesandpartnerships.•Strongfinancialskillsandstrategic

understanding.

CURRENT EXTERNAL COMMITMENTS •CEOoftheENLGroup•ChairmanofNewMauritiusHotels

Ltd•ChairmanofBelOmbreSugar

EstateLtd

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•AscenciaLimited•ENLLimited•ENLCommercialLimited•ENLLandLtd•NewMauritiusHotelsLtd•TropicalParadiseCo.Ltd•SwanLifeLtdandSwanGeneral

Ltd

APPOINTMENT15July1999

QUALIFICATIONS•BSc(UniversityofCapeTown,

SouthAfrica)•BSc(Hons)(LouisianaState

University,USA)•MBA(INSEADFontainebleau,

France)

PROFESSIONAL JOURNEY•JoinedFoodandAlliedGroupin

1990.•WasappointedGroupOperations

Directorin2000.•JoinedtheENLGroupinFebruary

2007.•WasChiefExecutiveofENL

PropertyLtd.

SKILLS•PastPresidentofvariousprivate

sectorinstitutions(includingMCCI,JEC,etc.).

•Experiencednon-executivedirectorinseveralsectors.

•DetailedknowledgeoftheGroup.•SignificantM&Aexperiencelocally

andregionally.

CURRENT EXTERNAL COMMITMENTS•CEOofNewMauritiusHotelsLtd

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•ENLCommercialLimited•ENLLandLtd•ENLLimited•NewMauritiusHotelsLtd•LivestockFeedLimited

APPOINTMENT6February2004CGC – Member

QUALIFICATIONS•BScinAgriculturalEconomics

(UniversityofNatal,SouthAfrica)•MBA(LondonBusinessSchool)

PROFESSIONAL JOURNEY•WorkedforCSCIndexinLondon

asManagementConsultantfrom1994to1997.

•JoinedRogersin1997.•WasappointedChiefExecutive

OfficeroftheRogersGroupin2007.

SKILLS•Provenexperienceofmergersand

acquisitions,businessturnaroundandtransformation.

•Extensiveexpertisewithstrategydevelopmentandexecution.

•InspiringleadershipwithseniormanagementintheGroup’sfourservedmarkets,FinTech,Hospitality,LogisticsandProperty.

CURRENT EXTERNAL COMMITMENTS•ChairmanofAscenciaLimited

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•AirMauritiusLimited•AscenciaLimited•ENLLimited•SwanLifeLtdandSwanGeneralLtd

APPOINTMENT10September2015RMAC – Member (from 10 December 2015)

QUALIFICATIONS•BSc(1stClassHonours)in

Computational&StatisticalScience(LiverpoolUniversity,UK)

•MSc(withdistinction)inManagement&OperationalResearch(ImperialCollege,London)

PROFESSIONAL JOURNEY•StartedhiscareeratManagement

&DevelopmentCompanyLtd(“MADCO”),theholdingcompanyofthelargestagro-manufacturinggroupontheisland.

•WasthefirstGeneralManagerofMaurilaitLtd.

•WorkedattheMauritiusCommercialBankLtdfor36yearsandretiredasDeputyChiefExecutive–Bankingin2013.

•Followinghisretirement,hejoinedLaSentinelleLtdasExecutiveChairman.

•Foundingmember,DirectorandpastChairmanofLeBocageInternationalSchool,ClavisPrimarySchoolandSpecialEducationNeedsSociety.

•WasalsoaDirectorof‘RUTH’,ahomefortheelderly.

SKILLS•Practicalknowledgeofriskassessment

andmanagementsystems.•Substantialinternationalstrategic

experience.•Strongtrackrecordinbothgeneraland

financialmanagement.

CURRENT EXTERNAL COMMITMENTS•ExecutiveChairmanat

LaSentinelleLtd

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•None


MASSON, VIVIANIndependentDirector

REY, ALAINIndependentDirector

MONTOCCHIO, JEAN-PIERREChairmanandIndependentDirector

RADHAKEESOON COLLENDAVELLOO, ARUNAExecutiveDirectorandChiefLegalExecutive



REY, ALAIN(Born in 1959)IndependentDirector

MASSON, VIVIAN(Born in 1956)IndependentDirector

MONTOCCHIO, JEAN-PIERRE(Born in 1963)ChairmanandIndependentDirector

APPOINTMENT 4December2012RMAC – Chairman



•GraduatedinEconomicsfromtheLondonSchoolofEconomicsandPoliticalScience.

PROFESSIONAL JOURNEY•WorkedatCitiBankN.A.(France).•WastheRegionalCorporate

DirectorofBarclaysBankPlc(MauritiusBranch).

•HasbeentheSeniorVicePresidentandChiefFinancialOfficerofNovelDenimHoldingsLtd,aNasdaq-listedcompany.

•HasbeentheCEOofCompagniedeMontChoisyLtée,agroupofcompaniesinvolvedinagriculturalandpropertydevelopmentactivities.

SKILLS•Detailedknowledgeofrisk

assessmentandmanagementsystems.

•Broadly-basedNEDexperienceacrosstheprivateandpublicsectors.

•Strongstrategicunderstandingandfinancialskills.

CURRENT EXTERNAL COMMITMENTS•Non-executiveChairmanof

TerraMauriciaLtd(asfrom11July2016)

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•CielTextileLtd•MCBGroupLtd•TerraMauriciaLtd

APPOINTMENT10September2015RMAC – Member (from 10 December 2015)

QUALIFICATIONS•MastersinEconomics(Universityof

Paris-Assas).•Diplômed’EtudesComptables

Supérieures(DECS,France).

PROFESSIONAL JOURNEY•Startedhiscareerwith

PriceWaterhouseinParisandthereafterworkedintheVanuatuandLyonbranches.

•JoinedPfizerMedicalTechnologyGroupasFinanceDirectorin1985.

•WorkedasGeneralManagerofAllianceSpinnersLtdinMauritiusoverthefouryearsto1991.

•WasManagingDirectorofHowmedicaFrance,acompanyofthePfizerMedicalTechnologyGroup.

•From1998to2015,hewasPresidentofStrykerTrauma&Extremities,adivisionofStrykerCorporationdeveloping,manufacturingandmarketinggloballytechnologiesforsurgicaltreatmentofbonefracturesanddeformitycorrections.

SKILLS•Manyyearsofoperatingwithin

internationalbusinesseswithculturaldiversity.

•Knowledgeandexperienceofacquisitionanddisposalofbusinessesininternationalmarkets.

•Manyyearsofleadershipinthemedtechindustry,creatingsuccessfulR&Dinnovation,world-classmanufacturingfacilitiesandsalesexecutionexcellence.

CURRENT EXTERNAL COMMITMENTS •ExecutiveAdviseratStryker

Corporation

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES •None

APPOINTMENTDirector:25March2002Chairman:9November2012CGC – Chairman

QUALIFICATIONS•NotaryPublicinMauritius

PROFESSIONAL JOURNEY•ParticipatedintheNationalCommittee

onCorporateGovernanceasamemberoftheBoardofDirectors’Sub-Committee.

SKILLS•Wellversedincorporategovernance

matters.•Broadly-basedNEDexperienceacross

theprivateandpublicsectors.•Significantexperienceinalliances,

venturesandpartnerships.

CURRENT EXTERNAL COMMITMENTS•ChairmanofPromotionand

DevelopmentLtd•ChairmanofCaudanDevelopmentLtd•ChairmanofFincorpInvestmentLtd

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•CaudanDevelopmentLtd•ENLLandLtd•FincorpInvestmentLtd•LesMoulinsdelaConcordeLtée•NewMauritiusHotelsLtd•PromotionandDevelopmentLtd•MCBGroupLtd

RADHAKESSOON COLLENDAVELLOO, ARUNA(Born in 1970)ExecutiveDirectorandChiefLegalExecutiveAPPOINTMENT18October2012

QUALIFICATIONS•BA(Hons)inJurisprudence(Balliol

College,OxfordUniversity)•SolicitorofEnglandandWales

(NP)•Attorney-at-law(Mauritius)

PROFESSIONAL JOURNEY•Two-yeararticleshipwithSinclair,

RocheandTemperley,aSolicitors’FirminthecityofLondon

•JoinedRogersasProjectAnalystin2001

•InJuly2001,shewasappointedGroupCompanySecretary

•ShewasappointedChiefLegalExecutivein2007

SKILLS•Transactionallawyerwithover

15years’experienceintheGroupandwellversedinmergersandacquisitions.

•Extensiveexperienceofboardpractices,corporategovernance,FSCandstockmarketrequirements

•Growingpeopleandinspiringteamssuccessfully

CURRENT EXTERNAL COMMITMENTS•ViceChairmanoftheCentral

Depository&SettlementCo.Ltd•MemberoftheNational

CommitteeonCorporateGovernance

•FellowMemberoftheMauritiusInstituteofDirectors

CURRENT EXTERNAL APPOINTMENTS IN LISTED COMPANIES•MauritiusDevelopmentTrust

CompanyLtd


1. Karine Curé Chief Marketing and Communication Executive

2. Frédéric Tyack Chief Executive Officer – Ascencia

3. Didier Lenette Head of Global Business

4. Philippe Espitalier-Noël Chief Executive Officer

5. Manish Bundhun Chief Human Resources Executive

6. Damien Mamet Chief Projects and Development Executive

7. Kabir Ruhee Chief Executive Officer - Technology

Our Executive Team

10

9

8

7

2

3

1

Our Executive Team


11

4 5

6

13

14

12

8. Alexandre Fayd’Herbe Chief Executive Officer – Travel and Aviation

9. Richard Koenig Chief Executive Officer – Real Estate and Agribusiness

10. Ziyad Bundhun Chief Finance and Investment Executive

11. Aruna Radhakeesoon Collendavelloo Chief Legal Executive

12. Vishal Nunkoo Chief Executive Officer – Logistics

13. Riaz Chitamun Head of Internal Audit and Risk Management

14. François Eynaud Chief Executive Officer – Hotels


Profiles of Chief Executive Officers

FAYD’HERBE DE MAUDAVE, ALEXANDREChiefExecutiveOfficer–TravelandAviation

EYNAUD, FRANÇOISChiefExecutiveOfficer–Hotels

KOENIG, RICHARDChiefExecutiveOfficer–RealEstateandAgribusiness

NUNKOO, VISHALChiefExecutiveOfficer–Logistics


FAYD’HERBE DE MAUDAVE, ALEXANDREChiefExecutiveOfficer–TravelandAviation

NUNKOO, VISHALChiefExecutiveOfficer–Logistics

EYNAUD, FRANÇOISChiefExecutiveOfficer–Hotels

KOENIG, RICHARDChiefExecutiveOfficer–RealEstateandAgribusiness

Bornin1967,AlexandreholdsaBCom(Hons)andisaqualifiedCharteredAccountantfromtheSouthAfricanInstituteofCharteredAccountants.HeworkedinSouthAfricaforaperiodof7yearswithArthurAndersenpriortojoiningRogersAviationin2001asGeneralManager–Finance&Administration.HewasappointedManagingDirectorofRogersAviationinOctober2006andChiefExecutiveOfficerinOctober2010.

Other directorships in listed companies:None

Bornin1969,VishalholdsanMScinEngineeringfromtheOdessaTechnologicalInstituteofFoodIndustry(ex-USSR)andaMaster’sdegreeinBusinessAdministrationfromtheUniversityofMauritius.HealsofollowedExecutiveTrainingProgrammesattheLondonBusinessSchool.HejoinedRogersin1993andhassinceworkedasProjectManager,DeputyGeneralManagerofRIDSMadagascar,GeneralManagerofEnterpriseInformationSolutionsLtdandCorporateManager–StrategicPlanning.HewasappointedChiefExecutiveOfficerofVelogicLtdinJuly2011.


Bornin1961,Françoisholdsa“Diplômed’ÉcoledeCommerce”.HestartedhiscareerwithSagem(France)asExportDirectorandwassubsequentlyappointedsuccessivelyCountryManagerofSagemintheCaribbeanIslandsandinEngland.HereturnedtoMauritiusin1991tojoinCielTextileasMarketingDirectorandwaspromotedExecutiveDirectorofTropicKnitsin2000.HetookonthepositionofManagingDirectorofVerandaResortsinAugust2008andbecameChiefExecutiveOfficerofVerandaLeisure&HospitalityinOctober2010.


Bornin1964,RichardholdsaBScElectronicEngineeringandanMBA.HestartedhiscareerasManagementInformationConsultantwithAndersenConsultinginSouthAfricaandmovedtoMauritiusin1993.HejoinedtheENLGroupin1994asaCorporateExecutiveandwassubsequentlyappointedChiefExecutiveOfficerofSouthWestTourismDevelopmentinJuly2009.




RUHEE, ASHLEY COOMARChiefExecutiveOfficer-Technology

TYACK, FRÉDÉRICChiefExecutiveOfficer–Ascencia

LENETTE, DIDIERHeadofGlobalBusiness

TYACK, FRÉDÉRICChiefExecutiveOfficer–Ascencia

Bornin1969,FrédéricismemberoftheInstituteofCharteredAccountantsinEnglandandWalesandholdsaBSc(Hons)degreeinAccountingandFinancefromtheLondonSchoolofEconomics.HeworkedwiththeRogersGroupfrom1997to2004asManagingDirectoroftheLogisticsub-cluster.HejoinedPlastinaxAustralLtdin2004asGeneralManagerbeforemovingtoENLPropertyLtdin2008.Hewasappointedin2011asManagingDirectorofEnAtt,theAssetandPropertyManagementCompanyofENLGroup.HeiscurrentlyadirectorofENLPropertyLtdandtheChiefExecutiveOfficerofAscenciasinceJuly2015.

Other directorship in listed companies:AscenciaLtd

RUHEE, ASHLEY COOMARChiefExecutiveOfficer-Technology

Bornin1977,AshleyCoomarholdsafirstdegreeinMathematicsandPhysicsfromtheFacultédesSciencesdeLuminy,MarseillesandanM.EnginAutomaticControl,ElectronicsandComputerEngineeringwithspecialisationinRealTimeComputingandSystemsfromtheInstitutNationaldesSciencesAppliquées,Toulouse.HealsocompletedExecutiveEducationProgrammesattheLondonBusinessSchoolandatINSEAD.Heworkedfrom2000to2004forCapgeminiTelecom,MediaandEntertainment-CentralandSouthernEuropeasaTechnologyConsultantinParis.In2005,hejoinedDCDMConsulting,acompanymanagedbyAccenture,asamanagerintheirbusinessconsultingserviceline.

HejoinedRogersin2007andheldthepositionofChiefInformationandPlanningExecutiveofCimGroupsince2008.HewasalsoappointedManagingDirectorofEnterpriseInformationSolutionsLtdin2009.HeistheChiefExecutiveOfficeroftheRogersTechnologysectorsince2012andwasconcurrentlyappointedManagingDirectorofAXACustomerServicesLtd,ajointventurecompanyofAXAAssistanceandRogers.HewasselectedbytheInstitutChoiseulforInternationalPoliticsandGeoeconomicsasoneofthe200youngAfricanEconomicLeadersoftomorrowfortwoconsecutiveyears.


LENETTE, DIDIERHeadofGlobalBusiness

Bornin1976,DidierholdsaBachelorofCommerce(EconomicsandFinance)fromtheUniversityofWesternSydney(Australia)andaMasterinInternationalTaxationfromtheUniversityofNewSouthWales(Australia).HeisalsoaFellowoftheInstituteofCharteredAccountantsinEnglandandWalesandaMemberoftheMauritiusInstituteofDirectors.DidierisaCharteredAccountantandTaxProfessionalwithastrongbackgroundinaudit,risk,complianceandinternationaltaxation.HehasacquiredextensiveexperiencebothinMauritiusandinternationallyinseniorroleswithPwC(Mauritius,Australia)andErnst&Young(UK,Australia)amongothers,includinghisleadershippositionasSeniorTaxSpecialistwithArrowEnergy(aShellPetrochemicalsOil&GasVenture)inBrisbane,Australia.DidierjoinedRogersasHeadofInternalAuditandRiskManagementin2014andiscurrentlyHeadofGlobalBusiness.



Profiles of Function Executives

BUNDHUN, MANISHChiefHumanResourcesExecutive

CHITAMUN, RIAZHeadofInternalAuditandRiskManagement

MAMET, DAMIENChiefProjectsandDevelopmentExecutive

CURÉ, KARINEChiefMarketingandCommunicationExecutive

Profiles of Function Executives

CHITAMUN, RIAZ1

HeadofInternalAuditandRiskManagementBUNDHUN, MANISHChiefHumanResourcesExecutive

Bornin1978,RiazisafellowmemberoftheAssociationofCharteredCertifiedAccountants(ACCA)andamemberoftheInstituteofCertifiedForensicAccountants.HestartedhiscareerwithBDODeChazalduMéein1999beforemovingtoAfricain2004.HeworkedasFinanceandAdministrationManageroveraperiodoftenyearsbothinEastandWestAfrica.In2014,hejoinedAXACustomerServicesLimitedasChiefFinanceOfficerandwasappointedHeadofInternalAuditandRiskManagementofRogersinMay2016.


CURÉ, KARINE2

ChiefMarketingandCommunicationExecutive

Bornin1978,KarineholdsanExecutiveMaster(MSc)inMarketing(Hons)fromtheUniversityofParis-Dauphine(France)andaBSc.ShestartedhercareerinthefieldofcommunicationinParisandhasworkedinMauritiusinthetourism,leisureandhotelsectors.KarinejoinedtheGroup’sHotelssectorinFebruary2008asMarketingandCommunicationManagerandwassubsequentlyappointedCorporateManageratRogersinOctober2015andChiefMarketingandCommunicationExecutiveinJuly2016.


Bornin1979,ManishholdsaMaster’sdegreeinBusinessAdministrationandaBSc(Hons)Management.HestartedhiscareerinthefieldofHumanResourcesandhashadavariedexposureinthetelecommunications,ICTandaviationindustries.HejoinedtheGroup’sLogisticssectorinJanuary2006asDivisionManager–HumanResourcesandwassubsequentlyappointedChiefHumanResourcesExecutiveofRogersinSeptember2008.HeholdsaCertifiedMastersinNLP(NeurolinguisticProgramming)andinNeuro-SemanticsandisacertifiedAgilityCoachandTrainer.ManishisalsoaCo-activeCoachfromtheCoachTrainingInstitute(CTI).HeactsasanExecutiveCoachanddeliversexecutiveleadershipandteamcoachingworkshops.HealsopractisesasadjunctprofessorinHumanResourcesManagementandOrganisationDevelopmentatpostgraduatelevel.


MAMET, DAMIENChiefProjectsandDevelopmentExecutive

Bornin1977,DamienisamemberoftheInstituteofCharteredAccountantsinEnglandandWales(ICAEW).HestartedhiscareerwithErnst&YounginLondonin1999andmovedtoBDODeChazalduMéeinMauritiusin2003.HetookonthepositionofManagerofCorporateFinancewithPricewaterhouseCoopersin2006.HejoinedRogersin2009asManagingDirectorofForesiteFundManagementandwasappointedChiefProjects&DevelopmentExecutiveofRogersinOctober2014.

Other directorships in listed companies:AscenciaLtd

1.RichardLeBoutetheldthepositionofHeadofAuditandRiskManagementupto

31March2016.RiazChitamuntookoverthefunctionofHeadofInternalAuditandRisk

Managementasfrom1May2016.

2.KaushallRamlackhanheldthepositionofChiefCommunicationExecutive

upto31December2015.KarineCurétookoverthefunctionofChiefMarketingand

CommunicationExecutiveasfrom1July2016.


Strategic Focus

Energy drives agility.

Board of Directors’ Report

DearShareholders,

ItgivesusgreatpleasuretopresentyouwithourAnnualReportforthefinancialyearended30June2016.Thisyearwascharacterisedbyacontinuationofoureffortstoconsolidatethefoundationforperformanceandprofitablegrowth.

Intheyearunderreview,theglobaleconomycontinuedtoexperiencemoderategrowth.Whileaggregatedemandimprovedinadvancedeconomies,developingandemergingeconomiescontinuedtoexperiencetheimpactofreducedrevenuefromlowercommodityprices.ThereferendumvoteinJune2016infavourofthewithdrawaloftheUnitedKingdomfromtheEuropeanUnionhascausedadeteriorationinmarketsentiment,whichwasreflectedbytheplummetingby11%ofGBPagainstUSDoverthelastweekofthesamemonth.

Thedomesticmarket,foritspart,recordedeconomicgrowthof3.5%in2015,mainlydrivenbyfinancialservicesandtourism.Thehospitalitysectornamelyhasbenefitedfroman11%increaseintouristarrivalsovertheyear.However,theconstructionsectorcontinuedtoslowdownandthelocalcurrencydepreciatedby2%againstEURandUSDoverthefinancialyearwhileappreciatingby13%againstGBPduetotheimpactoftheBrexitvote.Earlierthiscalendaryear,theGlobalBusinesssectorhasalsodealtablowwiththerenegotiationoftheIndia-Mauritiustaxtreaty.

Overtheyear,a14%improvementinGrouprevenuestemmedfromallsectors,exceptRealEstateandAgribusiness.Theincreaseinrevenuewasprimarilydrivenbythefirsttimeinclusionoffull-yearresultsfromrecentlyacquiredGlobalBusinesscompaniesandtheconsolidationofanowcontrollingstakeinBagapropLimited.

ProfitafterTax(PAT)excludingexceptionalitemsamountedtoRs787millionagainstRs973millionin2015.ThisreductionismainlyduetoanexceptionalgainfromthesaleoflandandsignificantfairvaluegainsbookedinFY2015.However,PATfortheyearexcludingthecontributionfromtheRealEstateandAgribusinesssectorshowsarespectable7%increase.

EarningspershareexcludingexceptionalitemswentdowntoRs1.35againstRs1.86in2015.TheGroup’sNetAssetValueasat

30June2016stoodatRs37.60,representinganimprovementfromRs37.00lastyear.ThedividendpersharewasRs0.88againstRs0.84inthe2015financialyear,equatingtoadividendyieldof3.1%basedonthesharepriceofRs28.00asat30June2016.

TherehavebeensignificantdevelopmentsintheFinancialServicessectorduringthefinancialyearwiththemergingofConsilexintoKrossBorder,whosecapabilitiesandexpertisewerefurtherconsolidatedthroughtheacquisitionofanotherManagementCompany,RiverCourtAdministratorsLtdinJune2016.OurTechnologysectorhasalsorecentlyimplementedtheHPHelionplatformtoprovideclientswithmade-to-measureprivatecloudinfrastructureservicesthroughCloud24.

OntheHotelsfront,PATofVLHmorethandoubledtoRs177millionovertheyear.Thekeygrowthdriverswereanincreaseintouristarrivals,improvedairaccess,betteroccupancyratesandbetterpositioningofourbrands.OverallPATfortheHotelssectorwashoweverpulleddownduetoanegativecontributionofourassociate,NewMauritiusHotelsLtd.

Pursuingitsregionalexpansionstrategy,theLogisticssectorhaspartneredwithTheKiboFundtosecureacontrollingstakeintwocompaniesinKenyawithoperationsincustomsclearanceandtransportrespectively.TheircombinedbusinessrepresentaturnoverofUSD8.5millionandaworkforceof200people.

InthePropertysector,AscenciahasconsolidateditsportfoliothroughraisingitsshareholdinginBagatelleMallofMauritiusto85%andacquiring100%sharecapitalofTheGardensofBagatelle.TheseoperationswerefundedfromtheproceedsofasuccessfulfundraisingofmorethanRs1billiononthemarket.Inaddition,ourfully-ownedsubsidiary,ForesitePropertyHoldingLtdhasacquireda25%stakeinMallofMauritiusatBagatelleLtd.

Ontheoutlookside,theoverallsituationoftheworldeconomyremainschallengingforthecalendaryear2016withtheInternationalMonetaryFundnotchingdownitsgrowthforecastby0.1%to3.1%,theslowest




growthratesincethefinancialcrisis.TheBrexitvoteisalsoexpectedtofurtherimpacttheglobaloutlook.

Growthinthedomesticeconomyisexpectedtobearound3.8%in2016and4.2%in2017.TherecentnationalbudgethassetthebaseforfurtherdevelopmentofMauritiusasanInternationalFinancialCentrethroughincentivestofurtherpromoteandcreatesubstanceasaGlobalBusinessjurisdiction.ThiscouldhelpoffsetpotentialsetbacksfromtherenegotiationoftheIndia-Mauritiustaxtreaty.Thesettingupofaninternationalderivativesandcommoditiesexchangeisalsounderconsideration.Theprospectsforthetourismsectorareveryoptimisticwitharrivalsforecastedtogrowbyaround8%in2016.

OurGroupisnowpositionedasanInternationalServicesandInvestmentCompanyfocusingonservingfourmainmarkets,whichareFinTech,Hospitality,LogisticsandProperty.AnewimagecampaignhasalsobeenlaunchedrecentlywithEnergyasthemaintheme.Allofthisbodeswellforthefuture.

WewouldliketopaytributetoGillesKaba,Velogic’sex-RegionalManager–Europe,whopassedawayduringthefinancialyear.HewillberememberedforhislongandeffectivecontributiontothedevelopmentofourLogisticsbusinessinFranceandbeyond.

Wethankourshareholdersfortheircontinuedtrustandsupport,andweextendourthankstoourChiefExecutiveOfficer,PhilippeEspitalier-Noël,hismanagementteamandtheentireRogerspersonnelfortheirenergy,hardworkanddedication.

Sincerelyyours,

TheBoardofDirectors


Interview with the CEO


The CEO of Rogers reviews the financial year that has gone by and outlines the Group’s performance, strategy and key priorities going forward.

How would you reflect on the year that just passed?

Duringthefinancialyear2015-2016,wecontinuedto

seemodestandunevengrowthintheglobaleconomy.

Atanationallevel,thehospitalitysectoratlarge

hasbenefitedfromthespillovereffectsofgrowth

intouristarrivals.However,therenegotiationand

signingofaprotocolamendingthe33-year-oldIndia-

Mauritiustaxtreatywillhaveanon-negligibleimpact

onourpositionasapreferredjurisdictiontoinvestin

theIndianmarketandonourpastmodelfortheGlobal

Businesssector.

Theinternationalscenewaslargelydominatedby

thedecisionoftheUnitedKingdomtoleavethe

EuropeanUnion.Althoughthefullpictureofthepost-

Brexitlandscapeisyettoemerge,wearealready

experiencingtheimpactofaweakeningGBPinour

hotelsandsugarpackingactivities.

Inspiteofthemacroeconomiccontext,theoverall

performanceoftheGrouphasbeeninlinewith

expectations.Revenuehasimprovedby14%to

Rs8,167millionduringthepastyearandprofitlevels

formostofouroperationshavewitnessedsatisfactory

growth.GroupProfitafterTax(PAT)fromoperations,

excludingthecontributionfromourlistedassociates

andtheRealEstateandAgribusinesssector,improved

by30%.Additionally,theperformanceofourassociate

investment,NewMauritiusHotelsLtd(NMH)was

impactedbyone-offchargesandreorganisationcosts

incurredovertheperiodended30June2016.The

operationalresultsofthehotelgroupremainsolidand

weareconfidentthatNMHwilldelivermuchimproved

resultsinthecomingyears.Overthefinancialyear,we

participatedintheissueofpreferencesharesofNMH

andfurtherconsolidatedourequitystakefrom17.6%

to19.3%.TheresultsforRealEstate&Agribusiness

sectorinFY2015includedsignificantfairvaluegains

aswellasanexceptionalincomefromsaleofland.

OverallPATfortheyearamountedtoRs787million.

Fromastrategicperspective,wecontinuedto

advanceourgrowthstrategyanddevelopour

leadershiptalenttoensureRogersiswell-positioned

forlong-termsuccess.Wehave,amongstothers,

acquireda51%stakeinalogisticsoperatorinKenya14%

Revenue has improved by

Interview with the CEOPhilippe Espitalier-Noël


toanchorourexpansionintoEastAfrica,andourAviationsectoris

revampingitsbusinessmodeltobetteradapttoevolvingmarket

trends.OurGlobalBusinessactivityhasalsobuiltadditionalmuscle

throughtheamalgamationofexistingservicesaswellasthelaunch

ofRogersCapital.OnthePropertyside,Ascenciahasacquiredan

additional34.9%stakeinBagapropLtdtoincreaseitsholdingstake

to85%,andhasalsoacquiredthefullstakeofGardensofBagatelle.

Followingthesedevelopments,Ascenciahasnowbecomethesecond

largestcapitalisationonthesecondarystockmarket.

What were the Group’s major operational highlights?

Wesawbetterperformancefrommostofoursectorsthisyearandour

hotelshaveparticularlybenefitedfromthecombinedeffectofastrong

upturninthetourismindustryandtheconsiderableeffortsexpended

intheleaneryears.Allkeyindicatorsarepointingintherightdirection

andVLHhasproducedoneofthebestperformancesintheindustryin

2015-2016withamorethantwofoldincreaseinPAT,whichproves

usrightincontinuingtobelieveinthepotentialofthesectorwhen

prospectswerebleak.

Additionally,Ascenciahasthisyearagainmadeasignificantcontribution

toourprofits.Ourshoppingmallshaverecordedanaveragemonthly

footcountinexcessof1.5millionandwereclosetofulloccupancy.

AscenciaalsomanagedtoraisefundinginexcessofRs1billiondespite

subduedlocalcapitalmarketconditions.

OurFinancialServicesandTechnologysectorshavedeveloped

significantly,especiallysincetheexpirationofournon-compete

agreementwithCimGroup.Wehavebeenworkinginrecentmonthson

shapingupanewbrandidentityforRogersCapital,whichwillcombine

thestrengthsandcapabilitiesofthetwosectorsandaddnewlayersof

servicestomakeusamajorplayerwithauniqueservicepropositionin

theFinTechindustryinMauritiusandbeyond.

Major developments have been announced recently for the Domaine de Bel Ombre. Could you tell us more about this?

Aquantumshifthasbeenunderwaysincetheturnofthemillennium

totransformtheDomainefromatraditionalsugarcane-growingregion

intoapreservedhigh-endtourism,leisureandculturaldestination.

SomeRs12billionhavealreadybeeninvestedtodateandweare

rollingoutacompellingvisionandanambitiousthree-yearplan

towards2020.Theroadmapforachievingabalancedandsustainable

economic,environmental,socialandculturaldevelopmentthroughan

integratedstringofconcreteactionsisbeingimplemented.

Thiscomprehensiveprogrammewillprovideanintegratedapproach

totheplanning,managementandpromotionofthelandandmarine

environmentofDomainedeBelOmbretobalancetheconservationof

naturalresourceswiththeimpactofhumanactivities.AnInteractive

LandandMarineResourceCentrewillbedeployedinconjunction

withnewexperiencesforvisitorswhileensuringsustainableuseand

conservationoftherichbiodiversityofthearea.

Alagoonmanagementplanwillalsoserveasablueprintinmanaging

andrestoringthemarineenvironmentinconsultationandcooperation

withthesurroundingcommunity,marinebiologists,hoteliersandother

stakeholders.Thiswillbecoupledwithlandbiodiversityconservation

effortsencompassingsuchinitiativesasthedevelopmentofseveral

naturetrails,abiodiversitycorridoralongthecourseandestuaryof

CitronniersRiver,anativetreearboretum,theremovalofinvasive

speciestomakewayfornativeriverineecosystemsaswellasthe

enhancementofexistingmangroveareas.

Thisisawide-scaleprojectwitharealestatecomponentandincludes

thedevelopmentofasecondgolfcoursethatwillbecomplementary

toouraward-winningHeritageGolfClub.Tofulfilthevisiontocreate

uniqueexperiencesanddistinctivevaluesforDomainedeBelOmbre,

wehighlyvaluemeaningfulstakeholderdialogueandconcertedaction.


How is corporate responsibility and sustainability relevant to the future strategy of the Group?

Imustsaythattodate,ourCSRapproachandprogrammeshavemet

thetargetsthatweresetforthebenefitofallourstakeholders.We

havedecidedtofocusoureffortsononespecificcauseatatime–the

fightagainstHIV/Aidsfrom2007to2013andcurrentlytheprotection

ofourcoastalandmarineecosystems–toincreaseourchancesof

bringingaboutmeaningfulchange.

Insodoing,wefeelthatwehaveprovidedvaluablesupportto

publicauthoritiesandotherrelevantpartiesincludingNGOsandour

ownpeoplewithintheGroupinaddressingtheseissues;wehavein

theprocessgonebeyondthemandatory2%CSRspendwhenever

possibleandwhereitmadesense.Ourinitiativesinvolvealong-term

commitmenttomakeadifference.Weregrettherecentchanges

announcedtotheCSRframeworkandareconcernedthatthiscould

stalltheprogressmadeandcouldpreventusfromachievingour

targetedimpacts.

The Group has also rolled out a new communication campaign – ‘Focused Energy, Every Day’…

‘EnergydrivesEverything’isnotjustanotherslogan.Thisnewcampaign

isareaffirmationoftheidentityofourGroupandourbrand’sDNA,

embodyingourvalues,ourfinancialstrengthandvisionforthefuture.

ItistheEnergydeployedbyourpeoplethatismakingthedifference.

Rogersisnowaninternationalinvestmentandservicescompanywhose

strengthstemsfromtheenergyofaunified,competentandwell-

balancedteam.Thiscampaigniscommensuratewithourambitions

andprojectsaclearimageofourdynamicbrandbothinternallyand

withourpartners,clients,investorsandthepublicatlargethrough

expressingtheenergythathasbeendrivingusformorethanacentury.

To conclude, what are your key priorities and expectations going forward?

Weareworkingdiligentlyonpursuingourstrategicvision,whichis

centredonconsolidatingourpositioninourfourservedmarkets,which

areFinTech,Hospitality,LogisticsandProperty.Wearecommittedto

buildingonthestrengthofourvaluableexperienceandestablished

competencewithinthesemarkets,andwewillputinthenecessary

resourcestogrowthedepthandsizeofeachofoursectors.The

rationaleofthisistoprovidetheadequatelevelofmanagerialattention

andtherequiredmeanstoouractivitiesineachofourservedmarkets

inordertoachieveabalanceddevelopment.

Wehavewell-developedentrepreneurialcapabilitiesineachofthese

marketsandhavebecomemorenimbleandagile.Wearebackedin

ourendeavourbythesupportofourparentcompany,theENLGroup,

whichalsoprovidesuswiththeflexibilityrequiredtoachieveour

long-termgoals.Ourcapabilityforswiftdecision-makingishelpingus

greatlyinconsolidatingourbusinesses.

ThedevelopmentofRogerscontinuestobefocusedonachieving

balancedrevenuegenerationfromdomesticandinternationalclients.

Ourphilosophyistoimproveourproductivityandperformanceagainst

internationalbenchmarks.Wehavesignificantdevelopmentplansinthe

shorttermforeachofoursectorsandarecreatingadditionalcapacity

tosupportourambitionsfor2020.

Iamconfidentthatwecandeliverevengreatersuccessinthefuture.


Strategy for Profitable GrowthThroughoutits117yearsofexistence,RogershasdevelopedasolidreputationandbroadeneditsserviceofferingtobecomealeadingbusinessentityinMauritius.TheGrouphasbeenanactivecontributortoeconomicdevelopmentthroughitsparticipationinvarioussectorsandinvolvementinsustainabledevelopmentinitiativesforthecountryanditscitizens.

RogerspursuesastrategytopositionitselfasanInternationalServicesandInvestmentCompany.TheGroupcontinuestoleverageitsstrongleadershipandentrepreneurshipcapabilitiestoconsolidateitsexistingbusinesslinesintheever-changingeconomicenvironmentwhileatthesametimeexpandingintonewmarketsbothlocallyandoverseas.

ThevaluecreationstrategyofRogersremainsfocusedonthreemaindriverswhichareTurnaround,PredictabilityandGrowth.TheGrouphasenhancedtheresilienceofitsbusinessandanticipatesmorepredictabilityandgrowthoveritsplansto2020.TheGroupunderstandstheimportanceofsustainabilityinitseverydayactivitiesandshallendeavourtothebestofitsabilitytocarrybusinessinaresponsiblemannerwithoutcompromisingtheabilityoffuturegenerationstomeettheirownneeds.Theultimategoalistocreatevalueforallitsstakeholders.

TURNAROUND PREDICTABILITY GROWTH

• Costcontrol• Pricing• Throughput• Productivity

• MaintainingLeadership• Integration• Capability• Sustainability

• Organic• Acquisitions• Channels• Geographies• Diversification

Financing Models

Image & Values

Group Leverage

Key Business Elements

SERVED MARKET SECTORS ACHIEVEMENTS IN FINANCIAL YEAR 2016 TARGETS FOR THE NEW FINANCIAL YEAR 2017

FINTECH Financial Services

• Acquisitionofamanagementcompany,RiverCourtAdministratorsLtdinGlobalBusiness;

• ConsolidationofGlobalBusinessthroughthemergerofitsentities.

• OpeningofrepresentativeofficesinFrance,India,SouthernAfricaandtheUK;

• ConsolidationofRiverCourtAdministratorsLtdwithKrossBorderCorporateServicesLtd;

• SettingupofGlobalBusinessoperationintheSeychelles;

• Developmentofwealthmanagementservices.Technology

Services• LaunchofourproprietaryCloudPlatform

(Cloud24);• NewPointofPresence(POP)inMombasa,

Kenya.

• Newtechnologyofferings;• ISO27001certification;• ForayintotheFinTechspace.

Note 1: Travel was reported as Aviation up to 30 June 2016

Strategy for Profitable Growth


SERVED MARKET SECTORS ACHIEVEMENTS IN FINANCIAL YEAR 2016 TARGETS FOR THE NEW FINANCIAL YEAR 2017

HOSPITALITY Hotels • RenovationandupgradeofVerandaPointeauxBichestoa4-starresort;

• FinalisationoftherevisedrentalpoolagreementandCBeachClubaccesswithhomeownersatVillasValriche;

• IdentificationofacquisitionopportunitiesforVLHinMauritiusandintheregion;

• EnhancedoperationalPAT.

• LeTelfairwillberenovatedfromJunetoAugust2017toenhanceitspositioninginthe5-starsegment;

• AcquisitionofanewhotelforVeranda;• VerandaPaul&Virginiewillalsoberefurbishedin2017,

reinforcingitsromantic/AdultsOnlyconcept(JunetoAugust2017);

• TheDomainedeBelOmbreexperienceswillalsobesignificantlyupgraded;

• Worksonasecond18holesignaturegolfcoursewillstartin2017.

Travel1 • ReorganisationofourCorporateStructureinto4sectors;

• Reduceloss-makingactivities;• Expansionofourairlinesportfoliowithnew

representationsinMauritius,SouthAfricaandMozambique;

• StrengthenedourDigitalteamthroughhiringnewcompetencies.

• LaunchofHolidaysbyBlueSkyinMauritius;• Newoperatingmodelinsomecountries;• Consolidationoftheonlinetouroperatingbusiness;• StrengtheningofourexpertiseinCorporateTravel;• Instillingaleisure-orientedmindset;• ConsolidatingandimprovingourOTObusiness.

LOGISTICS Logistics Solutions

• TurnaroundofourfreightforwardingoperationsinFrance;

• DiversificationofourcustomerbaseinMadagascar,IndiaandReuniontoenhancegrowth;

• AcquisitionofshareholdinginterestsinatransportationandfreightforwardingbusinessinKenya.

• Improvementofourroadtransportationbusinessperformance;

• Enhancingsystems,processesandbroadeningofserviceofferinginKenya.

PROPERTY Property2 Investments

Foresite Property Holding:• Acquisitionof25%ofMallofMauritiusat

BagatelleLtd.;• ParticipationintheprivateplacementofAscencia.Ascencia:• FundraisingofRs1bnandacquisitionof34.9%

inBagapropand100%ofGardensofBagatelle;• DevelopmentofBagatelleDecoCity;• Anewmanagementstructure;• Identificationoffuturepropertydevelopment.

Ascencia:• So’FloopeninginSeptember2017;• Startofconstructionofsecondofficeparkbuildingat

Bagatelle;• NewcommercialprojectintheSouth;• Rebrandingexercise;• Saleofnon-coreassets;• Debtrestructuring;• CompletionofconstructionworksatCentreCommercial

Phoenix.Property

Development &

Agribusiness3

• RenovationoftheLeChamarelRestaurant;• “Ensembleproject”,thecreationofaunified/

sharedvisionanddevelopmentplanfortheDomainedeBelOmbre;

• DevelopmentofBelOmbreMasterPlan.

• DevelopmentofacoffeehubatSevenColouredEarth;• Constructionofa2ndgolfcourse;• DevelopmentofRealEstateresidentialprojects;• PlaceduMoulinandChateaudeBelOmbreprecinct

enhancement;• Contributiontothecreationofaleisureservicesector

withintheGroup;• SettingupofaninteractiveLandandMarineResource

Centre.Corporate

Office• Overheadrecoverythroughgrowthwithanew

managementfeesformula;• Subscriptiontotherightsissue(Preference

shares)ofNMH;• IncreaseofourstakeinNMHfrom17.6%to

19.3%.

• Fundraising;• Reportingofconsolidatedfinancialswithrespecttothe

4servedmarkets;• ImplementationofaBusinessIntelligencereportingtool.

Note 2: Property Investments was reported as Property up to 30 June 2016.Note 3: Property Development & Agribusiness was reported as Real Estate & Agribusiness up to 30 June 2016. Rogers - ANNUAL REPORT 2016 39

Energy drives sustainability.

Corporate Social ResponsibilitySustainable Development

Our Strategy

Duringtheyearunderreview,thecompanieswithintheRogersGrouphavescaleduptheirsocialandenvironmentalresponsibilityeffortsthroughanincreasednumberofprojectsandprogrammes.WheretheCorporateSocialResponsibility(CSR)fundsderivedfromthe2%comprehensiveincomeprovedinsufficient,additionalresourceswerebudgetedoralternativemeanswereusedtosupportenvironmentalandsocialcauses.Moreover,Rogersfocuseditsattentionondevelopingandplanningsustainableprojectsthatwilldemonstrateourstrategytodobusinessdifferently:bywalkingthetalkinordertostrikeabalancebetweeneconomy,environmentandsociety.

Governance• Responsibility of the Board• Sustainable Development Strategy• Ethics & Transparency• Shareholders’ rights Rogers

Foundation

Economic Prosperity• Financial Processes

Environment• Environmental Resource Management• Energy & Water• Waste

Social• CSR Contributions• Welfare & Rights of Employees and Clients

Corporate Social Responsibility


Programme for the Protection of the Coastal Areas of Mauritius

TheRogersGroupcontinueditsinvolvementinprojectsgearedtowardspromotingAwareness,EducationandSupportinordertoreducethenegativehumanimpactontheenvironmentofcoastalareas:

Mobile Marine Education Unit – Third Year of the ‘Bis Lamer’ Project with Reef Conservation

TheNGO,ReefConservationremainsourmainpartnerintheProtectourCoaststrategywithitsteamofprofessionalmarinebiologists,projectcoordinatorsandeducators.

‘BisLamer’isaclassonwheelsequippedwithinteractivetoolsandlaboratoryequipment.Todate,theprojecthasexceededitstargetintermsofeducationaboutmarineandenvironmentalissues,havingreached10,768studentsand4,346adults.Some125schoolsand70publicareassuchascommunitycentres,shoppingmallsandbeacheswerevisited.Moreover,52%ofRogers’staffhavereceivedtrainingcoursesonmarineandlagoonlife.

Domaine de Bel Ombre Lagoon and Land Survey

SustainabledevelopmentandenvironmentalstewardshipcomewiththeresponsibilityofcarefullystudyingandassessingtheecosystemsofaregionsuchasBelOmbrebeforemovingonwithrehabilitationprojects.ReefConservation’sbiologists,Diospyros’ecologistsandtheMauritianWildlifeFoundation’sconservationistswerecontractedtoevaluatethelandandmarinefaunaandfloraandproposeappropriateprotectiveandrestorativemeasures.Themainupcomingprojectsarealagoonmanagementplan,abiodiversitycorridorandaninteractiveresearchcentreoncoastalecosystems.

Community Involvement & Permaculture

ThesustainabledevelopmentplanforBelOmbrenecessarilycontainsasignificantsocialcomponent.ConsultationswereorganisedwithallthestakeholdersintheregionandenvironmentalconsultantsspecializedinpermacultureandcommunityinvolvementwerealsocontractedtotakeonboardtheinputoftheinhabitantsofBelOmbre.ThisenrichingexercisehasallowedtobringoutthedreamsofthevillagersfortheirregionandtheideatorecreateatypicalMauritianvillagetoshowcaselocalsavoir-faire.

National Museum & Porlwi by Light

Variousmediaarerequiredtoeffectivelyspreadthemessageaboutprotectingourcoastsamongthepopulation.Themoviededicatedtothehistoryofourextinctnationalbird,thedodobenefitedfromthecrowd-pullingeffectofPorlwibyLight,whichadditionallycontributedtorekindlevisitorinterestinourNaturalHistoryMuseumandtheBlueWaterexhibition.TheLagoonDosandDon’tspanelsonthemuseum’sornategateswerealsoviewedbyhundreds.


Protection of Marine Turtles in Mauritius

ThenationalnetworkfortheprotectionofendangeredseaturtlesontheMauritianshores,composedofNGOs,privatesectorandrelevantauthorities,hasworkedtirelesslytoeducatecoastalpopulationswhiletighteningtheenforcementnetagainstpoachers.Achildeducationleaflethasalreadybeenfinalizedandreleasedinschools.

Beach Clean-Up Series

Educatingbeachusersaboutproperlitterdisposalispartofthenecessaryeffortstoprotectthelagoonanditsmarinelife.YouthUnitedforEnvironmentwiththesupportofRogers,HeritageResortsandCSBOstafforganisedabeachclean-upeventatLeBatelage,BelOmbre.Thistrashcollectioninitiativehadaneducationalaimedandservedtosupport‘StopPolisyon’,asonginMauritianKreollaunchedatRogersHouseinAprilbytheVicePresidentoftheRepublic.TheclipisregularlyshownonnationalTVandcanbeviewedonYouTubeathttps://youtu.be/qVbsRdtFD8s

Global Women’s Forum

TheWomen’sForumMauritiuswasatremendousopportunityformobilisingsupportfordrivingagame-changingagendaforthesustainableeconomic,environmentalandsocialdevelopmentoftheDomainedeBelOmbre.Thisregionisfacingenvironmentalthreatssuchasclimatechange,whichisinextricablylinkedtocoastalandmarineresilience.Theseriousdeteriorationofourisland’scoastalecosystemsandthechallengesposedbysea-levelriseandcoastalerosionhavepromptedustoseeksupportforourplannedprojectstosetupabiodiversitycorridoralongCitronniersRiver’scourse,createanInteractiveLandandMarineResourceCentreandimplementalagoonmanagementplan.

Sponsorship of Cité Sainte Catherine in Collaboration with ENL and FAIL Foundation

FollowingthecompletionoftheOLEAproject,whichprovidedsupportto50impoverishedfamiliesintheMokaregion,anewpovertyalleviationprogrammehasbeenlaunchedatCitéSainteCatherine,SaintPierre.BuildingontheexperienceacquiredfromOLEA,RogershasteamedupwithENLandFAILFoundationtodesignandsupporta3-yearIntegratedCommunityDevelopmentProgrammeinvolving250familieswithinthispoverty-strickenregion.


CSR in our Sectors

Other Initiatives carried out by our Business Units

Aviation

TheAviationSectorhassupportedongoingeffortsforthepreventionofcoastalandmarinepollutioninMauritiusandhasprovidedtrainingtoitsemployeesonthisimportantissue.

Hotels

HeritageResortshasworkedwithchildrensupportedbytheNGO,CaritasintheSouth:154kidsreceivedvalueeducationsessionscombinedwithanintroductiontogolforfoot-golf.OutingstoCaselaandCuriousCornerofChamarelwereorganisedandsupportwasgiventoadanceacademy.Clothesandbed/bathlinenwerealsodonatedbeforeandafterafloodingeventinBelOmbre.Similarly,VerandaLeisure&HospitalityhassupportedtheelderlyunderthecareoftheHumanServiceTrustintheNorththroughthedonationofclothingandlinenandhasprovidedvulnerablechildrenwithanafter-schoolteacherandafootballtrainer.Toimprovetheenvironment,theGrandGaubebeachwascleanedupandeffortsweremadeinconjunctionwiththeNGO,PAWStoencouragethesterilizationofstraydogsandcats.

Logistics

Velogichasimprovedexistingproceduresforthemanagementofindustrialwasteandriskslinkedtothebusinesssector’sactivities.ThestaffweretrainedinwastesortingbyMissionVerteandguidedinimplementingacomprehensivewastemanagementsystem.Contributionstothecommunitywerealsomadeinthefieldsofarts,sportsandvocationaltrainingofdisadvantagedyouththroughthefollowingNGOs:AtelierMo’zar,FauconFlacqSportingClub,FoundationforExcellenceinSportsandEducationalandVocationalFoundation.

Property

AscenciahascontinueditssupporttotheseabirdtranslocationprojectoftheMauritianWildlifeFoundation(MWF).TherestorationofalostseabirdcommunityonIleauxAigrettesisalong-termcommitmentthataimstoensurethesurvivalofthreatenedseabirdspecies.TheMWF’sscientistsareimprovingtheknowledgeonthischallengingreproductivemethodandonthespeciesvisitingourislands.

Real Estate and Agribusiness

CompagnieSucrièredeBelOmbreisasignatorytoanagreementfortheestablishmentofaProtectedAreaNetworkcoveringitsreservesatFrederica,CaseNoyaleandSevenColouredEarth.Anadditional2.8hectaresofendemicflorawasrestoredduringtheperiodunderreview;tofurthereducateitsstaffontheimportanceofsuchrehabilitationworks,ateambuildingactivitywasorganisedwhereininvasive‘vanillemarron’plantswereremoved.Moreover,openingtheseunique,preservedforestgroundsfortrailrunningandcyclingeventsisawaytoshareitsvalueandbeautywiththegeneralpublic.OtherinitiativessupportedweretheupgradingofashelteredactivityareaatSaintJacquesRCAinChamarel,anAdolescentLifeSkillsEducationProgrammeandotherprojectstargetingvulnerablegroups.

Technology

TheeffortsatEISarefocusedonreducingtheirresourceusebyreplacingalllightbulbswithenergy-savingmodelsandgoingpaperlessformeetingsandnewsletters.Inaddition,theyhaveinvestedinemployeewell-beingandcareerdevelopmentthroughprovidingadditionalstudyleaves,offeringtheservicesofanin-housedoctoraswellasorganisingrecreationalactivities.


Consolidated Value Added StatementJune 2016

GROUP

2016 2015

Rsm % Rsm %

Revenue 8,167 7,151

Bought-in materials & services (4,996) (4,326)

Total value added 3,171 2,825

Applied as follows :

EMPLOYEES

Wages, salaries, bonuses, pensions & other benefits 1,577 50 1,476 52

GOVERNMENT

Income Tax 129 4 109 4

PROVIDERS OF CAPITAL

Dividends paid to:

Shareholders of Rogers & Co. Ltd 222 7 212 8

Outside shareholders of Subsidiary Companies 194 6 112 4

Banks & other lenders 541 17 287 10

957 30 611 22

REINVESTED

Depreciation & amortisation 325 10 296 10

Retained profit 183 6 333 12

508 16 629 22

3,171 100 2,825 100

Note: The above statement excludes any amount of Value Added Tax paid or collected.

Consolidated Value Added Statement


Share Price InformationRogerssharesaretradedontheOfficialMarketoftheStockExchangeofMauritius

SHAREPERFORMANCEBASE100:01July2015

Market Capitalisation Rs 7.1 billion at 30 June 2016

Average Daily Trading Volume23,673 shares from 01 July 2015 to 30 June 2016

NUMBER OF SHARES

252,045,300

80

85

90

95

100

105

110

Semdex

01-Jul-15 01-Oct-15 01-Jan-16 01-Apr-16 01-Jul-16

RCL

RCL SHARE PRICE 01 Jul 2015 - 30 Sep 2015

01 Oct 2015 - 31 Dec 2015

01 Jan 2016 - 31 Mar 2016

01 Apr 2016 - 30 June 2016

High(Rs) 32.5 30.5 28.6 28.0

Low(Rs) 29.0 26.9 27.5 26.0

Close,endofperiod(Rs) 29.0 27.5 27.8 28.0

ChangeinRCLsharepriceovertheperiod 3.8% -5.2% 0.9% 0.9%

ChangeintheSemdexovertheperiod 3.3% -5.4% -0.5% -2.4%

Share Price Information


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