Dangote Cement Plc Annual Report 2021
Interview with the Chief Executive
Transforming Africa
Q&A
with Michel Puchercos
"I am very excited about the future
of Dangote Cement. My five
strategic priorities for the year
ahead include growth, operational
excellence, financial strength,
people management, and
sustainable development."
What have been the main highlights and
achievements in 2021?
Over the last two years Dangote Cement has reach tremendous
growth in both Nigeria and across Pan-Africa operations. Despite
the strong retail demand and housing construction that supported
growth, I further attribute this robust performance to the
commitment and dedication of all staff and executive
management. Dangote Cement has been able to forge on to
greater heights, even in these unprecedented times. A noteworthy
achievement is our record EBITDA of #684.6 billion, up 43.2%;
buoyed by disciplined cost control efforts that offset the
heightened inflationary pressure experienced in the year. I am
delighted to report that Dangote Cement experienced its
strongest year across all line items, with a profit after tax of
#364.4B, up 32.0%. This impressive performance informed the
Board to recommend a 25% increase in dividend at #20.00 per
ordinary 50kobo share.
Several milestones made 2021 a productive year. I am happy to
state that in 2021 we started ramping up operations at our 3Mta
Okpella plant. In May, we released our 2020 combined annual and
sustainability report during our Annual General Meeting and
successfully raised series 1 fixed-rate Bonds under a fresh #300
billion Debt Issuance Programme. The Securities and Exchange
Commission approved the renewal of our share buy-back
programme in June, and we have gone on to complete the
The year so far...
May
Resumed clinker
shipment
Recommenced clinker
shipment from Nigeria
May
Bond issuance
Successful issuance of Series
1 Fixed Rate Bonds under new
N300 billion Multi-Instrument
Issuance Programme
June
Tanzania power plant
commissioning
Commissioning of second
gas fired power plant
in Tanzania
August
Commercial paper
programme
Establishment of a new
N150 billion Commercial
Paper Programme
December
Rating upgrade to B-
Dangote Cement's CDP
Climate Rating Upgraded to B-
for the Company's commitment
to climate change
May
Virtual AGM
Released our 2020
combined Annual and
Sustainability Report
June
Share buy-back renewal
Buy-back programme renewal
approved by the Securities
and Exchange Commission
June
Financial results released in XBRL format
The first Nigerian listed company to report its financial
results in XBRL format using IFRS taxonomy
September
Sustainability Week
Theme: "Building a Sustainable
Future: The Dangote Way"
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