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General Information

Iluka Resources Limited
ILU
http://www.iluka.com
Diversified Metals & Mining
3,672
419

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$8.77 $8.50 $8.83 $8.34 $8.77 2053383 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Buy
26/05/2015
5

Company Overview

Business Description
Iluka Resources Limited (ILU) is involved in the exploration, project development, operation and marketing of mineral sands. Operations are located in Australia and the United States. For FY14, overall production volumes of Zircon, Rutile and Synthetic Rutile (Z/R/SR) are 534,800t. The current ore reserves are 24.9Mt and mineral resources of 176.4Mt.
Strategy Analysis
Iluka┬┤s objective is to create and deliver value for shareholders through exploration and innovation. The focus is on large, high quality, long life operations. The company seeks to meet customer needs though investment in high quality production sources, product and technical development as well as providing price leadership in mineral sand products to allow sustainable customer profitability. Iluka Resources reported NPAT down 33% to $363.2m for the year ended 31 December 2012. Revenues from ordinary activities were $1.15bn, down 29.5% from last year. Sales volumes year-on-year were significantly lower, with combined zircon, rutile and synthetic rutile sales volumes down 52.9% at 488.9 thousand tonnes compared to 1,038.1 thousand tonnes in 2011. Lower sales volumes were influenced by a combination of external factors, including: low demand associated with global economic conditions and fragile business confidence levels; inventory de-stocking and lower levels of zircon usage in tile manufacturing in China. Basic EPS was 87.1 cents compared to 130.1 cents last year. Net operating cash flow was $250.6m compared to $749.5m last year. The final dividend declared was 10.0 cents, taking the full year dividend to 35.0 cents compared with 75.0 cents last year.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 249.9 59.7 55.3% 14.3 50.0 5.8% 100.0%
2015 F 160.9 38.4 725.0% 22.3 30.0 3.5% 100.0%
2014 A 19.5 4.7 -79.5% 179.8 19.0 2.3% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
BHP Billiton (BHP) $95,773M 0.1223 -0.3206 -0.4038 11.1518 16.4153 27.5346 4.31% 5.26% 5.26%
Iluka Resources (ILU) $3,584M -0.5350 1.4439 0.5733 60.0281 24.5624 15.6119 2.22% 3.18% 4.48%
OZ Minerals (OZL) $1,484M 0.0000 1.3530 0.0248 35.6674 15.1581 14.7913 2.04% 1.48% 5.52%
Rio Tinto (RIO) $24,726M -0.1938 -0.4311 0.0932 9.4163 16.5512 15.1395 4.50% 4.88% 5.20%
South32 (S32) $12,245M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.54 38.80 2.55 0.40
Market 1.02 17.00 1.33 1.59
Sector 0.77 13.50 0.69 0.45

Directors

Name Position Start Date
Mr David Alexander Robb Chief Executive Officer, Managing Director 18/08/2006
Mr Gavin John Rezos Non-Executive Director 20/06/2006
Mrs Jennifer (Jenny) Anne Seabrook Non-Executive Director 21/05/2008
Mr James Hutchison Ranck Non-Executive Director 01/01/2013
Mr Wayne Geoffrey Osborn Non-Executive Director 26/03/2010
Mr Marcelo Bastos Non-Executive Director 20/02/2014
Mr Gregory John Walton Martin Non-Executive Director, Non-Executive Chairman 01/01/2013

Management

Name Position
Alan Tate Chief Financial Officer and Head of Strategy and Planning
Steven Wickham Chief Operating Officer, Mineral Sands
Cameron Wilson Company Secretary
Christopher Cobb Head of Alliances, New Ventures and Royalties
Matthew Blackwell Head of Marketing, Mineral Sands
Douglas Warden Head of Resource Development, Mineral Sands
Nigel Tinley Joint Company Secretary

Substantial Shareholders

Holding Name
45,649,855 (10.90%) Schroder Investment Management Australia Limited
42,324,744 (10.11%) SailingStone Capital Partners LLC
40,111,686 (9.58%) BlackRock Group
25,929,369 (6.19%) Northcape Capital Pty Ltd
21,345,206 (5.09%) M & G Investment Management Limited

Calendar of Events

Date Event
14 April 2016 Report (Quarterly)
16 March 2016 Report (Annual)
16 February 2016 Report (Prelim)
14 January 2016 Report (Quarterly)
15 October 2015 Report (Quarterly)
21 August 2015 Report (Interim)
15 July 2015 Report (Quarterly)
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